Center For Community Based Enterprise Inc
- Assets
- $412.6k
- Revenue
- $224.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2008
- Data as of
- 09/2021
- EIN
- 26-1336414
Organization Overview
Center For Community Based Enterprise Inc, operating under the name C2be, is located in Detroit, MI. The organization was established in 2008. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C2be 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 09/2021, C2be generated $224.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $323.5k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE ECONOMIC EMPOWERMENT IN DETROIT THROUGH THE DEVELOPMENT OF SHARED ASSETS AND COMMUNITY-BASED ENTERPRISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
C2BE DEFINES COMMUNITY-BASED ENTERPRISES, OR CBES, AS SUSTAINABLE, LOCALLY ROOTED BUSINESSES THAT PROVIDE COMMUNITY BENEFIT PARTICULARYLY EQUITY OWNERSHIP OR WORKERS AND PRODUCERS, PAY LIVING WAGES AND SHARE RESOURCES TO HELP EACH OTHER GROW. OUR DEFINITON OF A CBE PURPOSEFULLY INCLUDES BUT IS NOT LIMITED TO COOPERATIVES. WE WORK TO STRENGTHEN CBES BY CONNECTING THEM TO BUSINESS KNOW-HOW AND LEGL SERVICES, INCLUDING FEASIBILITY STUDIES, BUSINESS PLANNIG, MARKETING, SUCCESSION PLANNING, INCORPORATION DOCUMENTS I.E. ARTILCES AND BYLAWS AND NECESSARY CONTRACTS. IN ADDITION, C2BE PROVIDES TRAINING FOR MEMBERS AND/OR EMPLOYEES WHO ARE NEW TO THEIR ROLES AS OWNERS TO UNDERSTAND THEIR COMPANIES FINANCES, PRODUCTS, SERVICES AND MARKETS. C2BE ALSO PLANS TO LAUNCH A CO-OP SHARED EQUITY LOAN FUND IN ORDER TO PROVIDE PATIENT SEED CAPITAL TO FINANCE START-UP COOPERATIVES AND CBES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Farris Treasurer | Officer | 5 | $0 |
Steve Dubb Co-Chair | Officer | 5 | $0 |
Karen Tyler-Ruiz Executive Director | Officer | 40 | $0 |
Vincent Tilford Secretary | Trustee | 5 | $0 |
Sarah Craft Director | Trustee | 5 | $0 |
Juwon Harris Director | Trustee | 5 | $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 | $202,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,137 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $224,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $242,662 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,478 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $323,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,697 |
| Prepaid expenses and deferred charges | $1,181 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,641 |
| Accounts payable and accrued expenses | $64,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $189,024 |
| 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 | $253,110 |
| Net assets without donor restrictions | $159,531 |
| Net assets with donor restrictions | $0 |
| 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 | $412,641 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Community Based Enterprise Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: DESIGN PROJECT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |