EIN 27-3611908

Defy Ventures

IRS 501(c) type
501(c)(3)
Num. employees
64
Year formed
2010
Most recent tax filings
2023-12-01
Description
Defy Ventures shifts mindsets and provides personal development, career readiness, and entrepreneurship training to give people with criminal histories their best shot at a second chance. Their vision is to cut the recidivism rate. Defy has served more than 6,300 entrepreneurs in training since the launch of their program in January 2012. They are proud of their results and excited to show supporters the outcome of their investment in time and funding.
Total revenues
$4,021,502
2023
Total expenses
$3,830,168
2023
Total assets
$3,316,665
2023
Num. employees
64
2023

Program areas at Defy Ventures

We're proud of Defy's 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 more than 7,900 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 7,600+ executive volunteers, including 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 eight states (ny, ct, nj, ca, il, wi, pa and wa).4.secured nine employment partners to source and provide jobs for released eits who have completed our in-prison program.5.recorded a one year recidivism rate of less than 10%.6.recorded a 6-month 90% employment rate for released eits who have completed our program.7.launched 200+ businesses, including incorporation and seed funding.8.raised over $37 million in private & public funding since inception (2010).

Who funds Defy Ventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Public Safety$110,000
Tides FoundationEquity, Human Rights, and Economic Empowerment$100,000
National Philanthropic TrustHuman Services$95,000
...and 20 more grants received totalling $719,973

Personnel at Defy Ventures

NameTitleCompensation
Andrew GlazierPresident and Chief Executive Officer$120,954
John GarofoloChief Financial Officer$146,354
Julie Jackson-ForsbergVice President , Learning$110,616
Christine CastilloVice President , National Programs$105,597
Mariah DickinsonVice President , Site Operations
...and 22 more key personnel

Financials for Defy Ventures

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,801,794
Program services$116,219
Investment income and dividends$96,090
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$1,391
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,008
Total revenues$4,021,502

Form 990s for Defy Ventures

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-09990View PDF
2020-122021-07-12990View PDF
2019-122021-01-21990View PDF
2018-122020-01-28990View PDF
...and 8 more Form 990s

Organizations like Defy Ventures

OrganizationLocationRevenue
70 X 7 Life RecoveryHolland, MI$1,161,395
The Center for Community TransitionsCharlotte, NC$2,017,468
Centers for Equity and SuccessSan Francisco, CA$5,760,202
Televerde FoundationPhoenix, AZ$2,631,537
Pathways Next StepCoconut Creek, FL$2,458,804
Turn90Charleston, SC$2,899,189
Next Step of West MichiganGrand Rapids, MI$1,749,512
Anewentry AnewentryAustin, TX$1,835,052
EMERGE ConnecticutNew Haven, CT$1,525,015
Bridges of America - The Bradenton BridgeOrlando, FL$1,702,845
Data update history
January 3, 2025
Received grants
Identified 3 new grant, including a grant for $100,000 from Tides Foundation
November 1, 2024
Updated personnel
Identified 11 new personnel
September 21, 2024
Received grants
Identified 6 new grant, including a grant for $75,000 from The Chicago Community Trust
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $63,500 from United Way of the Midlands
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Crime and legal aid organizationsEmployment organizationsHeadquarter / parent organizationsCharities
Issues
EducationHuman servicesCrime and lawRehabilitation for ex-offenders
Characteristics
Partially liquidatedFundraising eventsNational levelReceives government fundingCommunity engagement / volunteeringAuction fundraisersFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
5 Penn Plaza 19th Floor
New York, NY 10001
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
defyventures.org/ 
Phone
(720) 231-7085
IRS details
EIN
27-3611908
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
I40: Rehabilitation Services for Offenders
NAICS code, primary
624310: Vocational Rehabilitation Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
CT0259132
FTB Entity ID
3790021
AB 488 data last updated ("as-of") date
2025-01-15
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