Center On Business And Poverty Inc
- Assets
- $18.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-5282816
Organization Overview
Center On Business And Poverty Inc is located in Franklin, TN. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center On Business And Poverty Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Center On Business And Poverty Inc generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $4.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THECENTERONBUSINESSANDPOVERTYADDRESSESTHENEEDSOFLOWANDMODERATE-INCOMEINDIVIDUALSANDBUSINESSESTHATCREATEGOODJOBS.WEHAVE:1STARTEDAND ORHELPEDGROW44COMPANIESCREATINGOVER410JOBS,2HELPEDSUPPLYFREEPERSONALTAXSERVICESTOALMOST11,000LOW-INCOMEEMPLOYEESANDTHEIRFAMILIES,AND3PROVIDEDONLINEFINANCIALEDUCATIONTOHUNDREDSOFTHOUSANDSOFPEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hoffmire Chairman | 30 | $0 | |
Thomas Harms Treasurer | 15 | $0 | |
Len Janeski Director | 15 | $0 | |
Shelley Hoffmire Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,310 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,310 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $756 |
| Other expenses | $3,686 |
| Total expenses | $4,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,413 |
| Other assets | $0 |
| Total assets | $18,413 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,413 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center On Business And Poverty Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Heartland Charitable Trust Dubuque, IA PURPOSE: SOCIAL SERVICES / SOCIAL BENEFITS | $25,000 |
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