2012-11-13T15:14:14-08:00 2011-12-31 SCHALL & ASHENFARB CPAS 350 5TH AVE STE 5610 NEW YORK NY 101180110 990 2011-01-01 273611908 Defy Ventures Inc DEFY 3479224686 5 Penn Plaza 19th Floor New York NY 10001 Catherine Rohr 2012-11-13 true David C Ashenfarb 2122682800 2011 2016-02-24 21:20:13Z Catherine Rohr 5 Penn Plaza New York NY 10001 774369 false false X N/A X 2010 NY To provide carefully selected, ambitious individuals who have criminal histories with transformational entrepreneurship, leadership, character development and career opportunities. 5 5 7 150 0 105606 772619 0 0 1750 105606 774369 0 0 107552 328432 5121 0 59386 14404 269071 127077 597503 -21471 176866 31482 216844 52953 61449 -21471 155395 To provide carefully selected, ambitious individuals who have criminal histories with transformational entrepreneurship, leadership, character development and career opportunities. Defy seeks to break the cycle of incarceration by equipping individuals-who because of their felonies are at a severe disadvantage in the employment market-to attain sustainable and legal financial stability. false false 419221 2011 Accomplishments:Recruited and selected our first pilot class of 50 clients from an applicant pool of 150Assembled all resources (e.g., text books, classroom facilities, technology) required to start training for our inaugural class in January 2012.Designed our entrepreneurship training curriculum for Phases I and II.Built referral partnerships with 25 NYC prison re-entry and social service providers.Established training partnerships with NFTE, ACCD, and Sandler Training.Conducted multiple focus groups with prospective clients, donors, and referral partners.Partnered with several professional firms to provide pro bono products and services, including pro bono legal services from Dewey Lebeouf; Capital IQ, a leading database of private sector investors, CEOs, and executives; and Salesforce, which donated a database that was customized to track client and organizational outcomes.Contracted with The Ito Partnership, a marketing and branding firm to develop Defy's website and marketing collateral.Attracted high-caliber governing and advisory board members with affiliations to Stanford Graduate School of Business, Leader to Leader Institute, AT&T, Stanmore Capital Partners, Bloomberg, UBS, Dewey Leboeuf, among many others. Hosted a series of advisory conference calls with volunteer advisors to develop Defy's entrepreneurship program strategy and client recruitment and selection process. Hosted two program events- an evening with Daymond John, founder/CEO of FUBU and co-star on ABC TV's hit business reality show, The Shark Tank, and a Launch Party celebrating the successful admission of Defy's first training class Conducted our first speaking engagement of our Faith-Based Partnership Strategy at NYC's Redeemer Church Entrepreneurship Forum, with other engagements at Q (a national pastor's gathering), and New Song Church in Los Angeles, CA. 419221 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 7 0 true 7 true false false false false false false false false false false false 0 false false false false false false false false false false false X 5 5 false false true false false false false true false false false false true true true true true true true false false false NY X La'Kesha Marshall 3479224686 5 Penn Plaza 19th Floor New York NY 10001 Eric Katz 1.00 X 0 0 0 Andrea Townsend 1.00 X 0 0 0 Jim Phills 1.00 X 0 0 0 Michelle Kedem 1.00 X 0 0 0 Rod Washington 1.00 X X 0 0 0 Ann Priftis 50.00 X 37049 0 0 Catherine Rohr 50.00 X 160000 0 4800 197049 4800 1 false true false 0 772619 772619 0 0 0 0 0 0 0 0 0 Miscellaneous Income 1750 1750 1750 774369 1750 0 0 0 0 31000 22010 4960 4030 0 272465 193450 43595 35420 0 8870 5715 2134 1021 16097 10370 3873 1854 0 0 0 0 0 0 165373 112551 43941 8881 0 5637 3946 1127 564 0 0 15697 11175 2724 1798 37270 30730 2664 3876 0 0 0 0 521 464 57 14433 9401 3904 1128 Telephone 3281 2428 525 328 Recruitment Events 7995 7995 Printing and Publications 3813 3813 Miscellaneous 12265 4408 7570 287 Bank Fees 1405 1349 56 1381 765 473 143 597503 419221 118896 59386 31482 202846 0 0 0 0 0 0 0 5393 3126 521 2605 0 0 0 0 6000 31482 216844 52951 61449 2 52953 61449 X -21471 155395 -21471 155395 31482 216844 176866 X false true false X false false X 105506 774369 879875 0 0 0 0 105506 774369 879875 0 0 879875 0 0 0 0 105506 774369 879875 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3126 521 2605 2605 774369 597503 176866 176866 774919 550 550 774369 774369 598053 550 550 597503 597503 Part X Part X : FIN48 Footnote The Organization has adopted the provisions of FASB ASC 740, Income Taxes, which applies to positions taken or expected to be taken in a tax return. Organizations are required to recognize the effects of tax positions if they are more likely than not of being sustained. The Organization does not believe its financial statements include any uncertain tax positions. X false false false false false false false false false false Catherine Rohr 160000 4800 164800 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Not available to the public. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Salries are reviewed as part of the budget. The CEOs salary is the only salary that was officially approved by the Board. All other salaries have been at the discretion of the CEO. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Defy has a Conflict of Interest policy that has been approved by the Board and will be signed annually in the winter meetings. Each Board member must complete the form and return it to management. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The Chairman of the Board and the CEO will review the 990 in depth, provide the 990 to the Board and make recommendations to the Board to approve it. Any major findings will be discussed and opportunity for changes will be made. After the 990 is approved by the Board, the 990 will be signed by the appropriate signators and will be filed as instructed by our auditors. Form 990, Part VI, Line 4 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents The size of the board was increased by two members.