Defy Ventures, Inc.
Defy Ventures, Inc.
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About this organization
Mission
Defy Ventures is a national nonprofit with a vision to cut recidivism in half by leveraging entrepreneurship to increase economic opportunity and transform lives. Defy's entrepreneurship, career readiness, and personal development training programs are helping currently and formerly incarcerated people defy the odds in eight states and 16 prisons across the country. Because public attitudes toward people with criminal histories affect their chances of success post-incarceration, Defy's mission is to shift mindsets to give people with criminal histories their best shot at a second chance. Together with the thousands of business executives and leaders in our network, we are helping to shift the conversation and landscape of opportunity for formerly incarcerated people. Join us!
About
We're proud of Defys results and are excited to show supporters the results of their investment of time and funding. Since the launch of our program in January 2012, Defy has:1.Served over 5,500 Entrepreneurs in Training (EITs) in our in-prison and post-release program. EITs complete a rigorous six- to nine-month curriculum culminating in a business pitch competition and graduation as part of the in-prison program. The post-release program includes workshops, mentoring, and a business incubator.2.Engaged 4,800+ executive volunteers from hedge funds, investment banks, venture capital and private equity firms, Fortune 500 companies, and entrepreneurial ventures. Volunteers served as business pitch competition judges, mentors, and resume coaches. 3.Grown to serve in seven states (NY, CT, CA, CO, IL, WA and ND).4.Secured eight employment partners to source and provide jobs for released EITs who have completed our in-prison program.5.Recorded a recidivism rate of 7.2%.6.Recorded an 82% employment rate for released EITs who have completed our program.7.Launched 140+ businesses, including incorporation and seed funding.8.Raised over $22.1 million in private funding since inception (2010).
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “Defy ventures mission is to shift mindsets to give people with criminal histories their best shot at a second chance by providing them with personal development, career readiness, and entrepreneurship training. defys vision is to cut the recidivism rate in half by leveraging entrepreneurship to increase economic opportunity and transform lives.”.
When discussing its operations, they were defined as: “Defy ventures mission is to shift mindsets to give people with criminal histories their best shot at a second chance by providing them with personal development, career readiness, and entrepreneurship training.”.
- The state where the non-profit operates has been legally reported as NY.
- The filing indicates that the non-profit's address in 2020 is located at 5 Penn Plaza 19th Floor, New York, NY, 10001.
- The non-profit has reported 67 employees on their form as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$745,985.
- The CEO's remuneration policy within the organization is established through an impartial review and endorsement process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 4 independent voting members.
- The organization was formed in 2010.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $3,011,253 in salary, compensation, and benefits to its employees.
- The organization pays $377,799 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has a business related family member transaction.
- The organization's financial statements were reviewed by an accountant.
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