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Extraordinary Ventures Inc

EIN 11-3808390 · Chapel Hill, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair54 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To provide vocational training and social opportunities for students and adults 15 years of age and older with developmental disabilities.

Income
$1.6 million
Spending
$1.7 million
Spent on programs
89%
Reserves
1.5 months of spending
Largest source of income
fees for its services, 90%
Employees
71
Volunteers
12
Highest pay
$65,000, executive dir.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 54 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.5 months of spending.

  • Debt

    10 of 20

    It owes 41% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 6% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 16 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.5 million spent. For the year ended December 31, 2024, Extraordinary Ventures, Inc. operated the following programs to create inclusive employment opportunities:(I)Social Enterprises Program - Six self-sustaining small businesses that provide employment opportunities for adults with IDD.(1)Extraordinary LaundryA pick-up and delivery laundry service serving local residential communities, universities, and businesses. The laundry business provides structured, supportive jobs in a professional work environment, allowing employees with IDD to develop vocational skills in delivery services and sorting, washing, and folding. (2)Extraordinary Office SolutionsThis venture provides mail processing services for large clients. Team members perform essential functions ranging from stamping letters to delivering pallets of mail to the post office. (3)Extraordinary GiftsAn e-commerce, wholesale, and retail gift business that produces handmade candles and soaps. Employees participate in all phases of production and fulfillment, including selling directly to the public at local markets. (4)The Blue Hill Event CenterA professional event space and that offers flexible event rentals ranging from corporate trainings to weddings. Events Crew employees are responsible for event set ups, tear downs, and regular building cleaning. (5)Extraordinary Clean CrewA commercial cleaning business. This program provides structured janitorial and maintenance roles that support skill development and teamwork. Current contracts include The Town of Chapel Hill and the Carol Woods Retirement Community. (6)Extraordinary PetsThis is a dog walking business. Employees walk dogs for clients on a regular schedule.(II)Community Engagement and Advocacy - In addition to its social enterprises program, Extraordinary Ventures works to raise awareness about the importance of inclusive employment, partnering with schools, families, and local governments to expand opportunities and promote systemic change.Together, these programs reflect Extraordinary Ventures belief in the abilities and potential of all individuals to lead fulfilling, productive lives through meaningful employment.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2007.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.