EIN 27-3611908

Defy Ventures

IRS 501(c) type
501(c)(3)
Num. employees
55
Year formed
2010
Most recent tax filings
2022-12-01
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
$3,223,061
2022
Total expenses
$2,871,906
2022
Total assets
$3,255,603
2022
Num. employees
55
2022

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 6,900 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 7,200+ 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 seven states (ny, ct, nj, ca, il, wi, 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 an 84% employment rate for released eits who have completed our program.7.launched 175+ businesses, including incorporation and seed funding.8.raised over $36.5 million in private & public funding since inception (2010).

Who funds Defy Ventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ernst & Young FoundationGeneral Support$250,000
National Philanthropic TrustHuman Services$140,000
Silicon Valley Community Foundation (SVCF)Public Safety$110,000
...and 22 more grants received totalling $985,304

Personnel at Defy Ventures

NameTitleCompensation
Andrew GlazierNational Chief Program Officer / President and Chief Executive Officer / Chief PRG Officer / Chief Program Officer$120,954
John GarofoloChief Financial Officer$146,354
Julie Jackson-ForsbergVice President , Learning / Vice President - Learning / Vice President of Learning / Vice President Learning$110,616
Christine CastilloVice President , Programs / Senior Director , National Programs Experience: Director of Learning and Development at Equitas Academy Charter Schools and City$105,597
Quan HuynhExecutive Director , Southern Ca / Senior Program Manager , Entrepreneurship Programs Experience: Program Manager of Defy Socal , Chief Executive Officer and Founder$108,245
...and 14 more key personnel

Financials for Defy Ventures

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,116,359
Program services$68,524
Investment income and dividends$11,606
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$18,383
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,189
Total revenues$3,223,061

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
Turn90Charleston, SC$2,736,363
70 X 7 Life RecoveryHolland, MI$1,231,468
The Center for Community TransitionsCharlotte, NC$2,017,468
Next Step of West MichiganGrand Rapids, MI$1,749,512
Centers for Equity and SuccessSan Francisco, CA$5,760,202
Pathways Next StepCoconut Creek, FL$2,458,804
EMERGE ConnecticutNew Haven, CT$1,525,015
Bridges of America - The Cocoa BridgeOrlando, FL$1,430,470
Belay EnterprisesAurora, CO$1,758,619
Anewentry AnewentryAustin, TX$1,835,052
Data update history
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
January 17, 2024
Updated personnel
Identified 2 new personnel
January 3, 2024
Received grants
Identified 8 new grant, including a grant for $110,000 from Silicon Valley Community Foundation (SVCF)
October 24, 2023
Received grants
Identified 3 new grant, including a grant for $75,000 from The Chicago Community Trust
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 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
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