Venture International

Summary

Venture Middle East ("VME") is a Christian, non-profit, relief-and-development organization. Founder and president, Leonard Rodgers' Christian vision is at the heart of VME. Its mission is to share the love of Jesus by responding to the practical realities and needs of people in the Arab World. To raise awareness and support for those in the Middle East who need help, are under-represented, and are suffering from poverty and discrimination, VME is building bridges around the world between individuals, families, churches, non-governmental agencies, and governments. With field offices in Cyprus and project offices in other Middle East countries, Venture Middle East assists over 50 Middle Eastern partners design and implement their own projects and with emergency relief, small business creation, and people development. VME provides low profile, effective services in an area of the world that requires a discernment and compassion to meet the genuine needs of people. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
2405 East Southern Avenue, Suite 6
PO Box 7396, 83281
Tempe, AZ 85282-5282

Website: www.Ventureint.org

Phone: (480) 730-2702

Email: info@Ventureint.org


Organization details

EIN: 954105955

CEO/President: Mr. Leonard Rodgers

Chairman: Mr. Richard Hatfield

Board size: 11

Founder: Mr. Leonard Rodgers

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Venture Middle East ("VME") is a Christian, non-profit, relief-and-development organization. Founder and president, Leonard Rodgers' Christian vision is at the heart of VME. Its mission is to share the love of Jesus by responding to the practical realities and needs of people in the Arab World. To raise awareness and support for those in the Middle East who need help, are under-represented, and are suffering from poverty and discrimination, VME is building bridges around the world between individuals, families, churches, non-governmental agencies, and governments. With field offices in Cyprus and project offices in other Middle East countries, Venture Middle East assists over 50 Middle Eastern partners design and implement their own projects and with emergency relief, small business creation, and people development. VME provides low profile, effective services in an area of the world that requires a discernment and compassion to meet the genuine needs of people. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Venture Middle East expresses its purpose as follows:

Venture Middle East is a Christian organization that serves as a bridge between those in need and those who want to help God's people in the Middle East; empowering and enhancing their work through strategic partnerships, emergency relief, small business creation and people development.


Statement of faith

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating105 of 43019 of 78
Fund acquisition rating230 of 43042 of 78
Resource allocation rating152 of 43025 of 78
Asset utilization rating72 of 43014 of 78

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20132012201120102009
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%7%8%8%9%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%7%8%8%8%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%100%100%96%98%79%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%7%6%7%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%0%0%4%2%21%
 
Operating ratiosMedian % for
all ministries in
MW database
20132012201120102009
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%85%85%87%85%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%99%115%126%125%89%
Program output ratio Program output ratio =
Program services /
Total revenue
81%84%97%109%106%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%1%-15%-26%-25%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%4%-63%-75%-77%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%8%7%8%7%
 
Investing ratiosMedian measure
for all ministries
in MW database
20132012201120102009
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.323.714.773.553.862.23
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.011.031.041.041.03
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.764.933.694.032.29
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20132012201120102009
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0961.6038.5835.34138.9843.10
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.020.030.030.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.073.142.373.162.965.12
 
Solvency ratiosMedian % for
all ministries in
MW database
20132012201120102009
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%2%3%3%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%27%20%27%26%44%

Financials

Balance sheet
 
Assets20132012201120102009
Cash$41,236$39,225$64,222$109,896$202,002
Receivables, inventories, prepaids$590$590$590$590$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$41,826$39,815$64,812$110,486$202,002
Long-term investments$0$0$0$0$0
Fixed assets$558$1,339$2,552$4,857$5,943
Other long-term assets$0$0$0$0$0
Total long-term assets$558$1,339$2,552$4,857$5,943
Total assets$42,384$41,154$67,364$115,343$207,945
 
Liabilities20132012201120102009
Payables and accrued expenses$679$1,032$1,834$795$4,687
Other current liabilities$0$0$0$0$0
Total current liabilities$679$1,032$1,834$795$4,687
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$679$1,032$1,834$795$4,687
 
Net assets20132012201120102009
Unrestricted$31,062$29,479$54,887$104,104$174,971
Temporarily restricted$10,643$10,643$10,643$10,444$28,287
Permanently restricted$0$0$0$0$0
Net assets$41,705$40,122$65,530$114,548$203,258
 
Revenues and expenses
 
Revenue20132012201120102009
Total contributions$158,752$170,256$182,427$349,025$410,965
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$1$1
Other revenue$0$700$7,416$7,349$111,718
Total other revenue$0$700$7,416$7,350$111,719
Total revenue$158,752$170,956$189,843$356,375$522,684
 
Expenses20132012201120102009
Program services$133,661$166,559$207,325$378,711$399,470
Management and general$12,167$15,449$16,597$36,137$33,927
Fundraising$11,341$14,356$14,939$30,237$29,330
Total expenses$157,169$196,364$238,861$445,085$462,727
 
Change in net assets20132012201120102009
Surplus (deficit)$1,583($25,408)($49,018)($88,710)$59,957
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,583($25,408)($49,018)($88,710)$59,957

Response from ministry

No response has been provided by this ministry.


History

Founded by Leonard Rodgers in 1986 in the Middle East, Venture Middle East ("VME") supplies humanitarian relief and development to people and countries in the Middle East. Having strategic partnerships with over 50 agencies from Europe and North America and 26 groups in the Middle East, Venture Middle East has cultivated Christian witness and ministered in Jordan, Egypt, Israel, and the West Bank. VME's major projects include relief efforts in Lebanon during the last years of its 18 year civil war, medical relief during the Gulf War to Kurdish refugees in Iraq, and rebuilding clinics, schools, and oil wells in Northern Iraq.


Program accomplishments


Needs