National Association For Communitycollege Entrepreneurship Inc
- Assets
- $13.3m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Springfield, MA
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 26-0704711
Organization Overview
National Association For Communitycollege Entrepreneurship Inc is located in Springfield, MA. The organization was established in 2008. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, National Association For Communitycollege Entrepreneurship Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association For Communitycollege Entrepreneurship 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 12/2023, National Association For Communitycollege Entrepreneurship Inc generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 32.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, National Association For Communitycollege Entrepreneurship Inc has awarded 222 individual grants totaling $21,423,073. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NACCE PROVIDES LEADERSHIP AND SUSTAINABLE, SCALABLE RESOURCES TO FOSTER ENTREPRENEURIAL THINKING AND ACTION IN ONE OF THE LARGEST ENTREPRENEURIAL ECOSYSTEMS IN NORTH AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO MEMBER ORGANIZATIONS TO CONTINUE ENTREPRENUERSHIP EDUCATION THROUGH VARIOUS CHANNELS
EXPENDITURES TO FOSTER THE CONTINUANCE OF ENTREPRENEURSHIP EDUCATIONAL PROGRAMS AT COMMUNITY COLLEGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Corbin President & CEO | Trustee | 40 | $206,467 |
Dr Brenda Hellyer Director | Trustee | 2 | $2 |
Dr Jermaine Ford Director | Trustee | 2 | $0 |
Dr Lisa Avery Director | Trustee | 2 | $0 |
Dr Chris Whaley Secretary/treas | Trustee | 2 | $0 |
Dr Rick Maclennan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,395,671 |
| Noncash contributions included in lines 1a–1f | $6,088,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,395,671 |
| Total Program Service Revenue | $1,058,322 |
| Investment income | $67,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,521,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,634,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,244 |
| Payroll taxes | $94,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,521 |
| Travel | $351,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,501 |
| Insurance | $16,006 |
| All other expenses | $424,999 |
| Total functional expenses | $9,308,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,430 |
| Savings and temporary cash investments | $5,188,102 |
| Pledges and grants receivable | $340,000 |
| Accounts receivable, net | $140,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,500 |
| Net Land, buildings, and equipment | $2,501 |
| Investments—publicly traded securities | $1,253,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,088,862 |
| Total assets | $13,278,931 |
| Accounts payable and accrued expenses | $123,100 |
| Grants payable | $0 |
| Deferred revenue | $214,903 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $338,003 |
| Net assets without donor restrictions | $7,611,673 |
| Net assets with donor restrictions | $5,329,255 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,278,931 |
Grants Awarded
Over the last fiscal year, National Association For Communitycollege Entrepreneurship Inc has awarded $5,482,171 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCACY FOUR KAUAI CC | | | $154,600 |
AUSTIN COMMUNITY COLLEGE | | | $100,000 |
BIG SANDY COMMUINITY & TECH | | | $120,000 |
CA STATE UNIV SAN BERNADINO | | | $150,000 |
CA STATE UNIVERSITY LA | | | $150,000 |
CENTRAL COMMUNITY COLLEGE | | | $64,000 |