Enterprise Center Capital Corporation
- Assets
- $58.9m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Philadelphia, PA
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 27-0022215
Organization Overview
Enterprise Center Capital Corporation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Enterprise Center Capital Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Center Capital Corporation 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 06/2022, Enterprise Center Capital Corporation generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.3% each year . All expenses for the organization totaled $7.6m during the year ending 06/2022. While expenses have increased by 47.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTERPRISE CENTER CAPITAL CORPORATION'S MISSION IS TO PROVIDE DEBT AND EQUITY CAPITAL THAT BUSINESSES NEED TO START, GROW AND SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO BUSINESSES WITHIN EMERGING MARKETS, INCLUDING MINORITY - AND WOMEN - OWNED BUSINESS, AND THOSE LOCATED WITHIN URBAN LOW-INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Glass Director | Trustee | 2 | $0 |
James Sanders Director | Trustee | 2 | $0 |
Andrew Cherry Director | Trustee | 2 | $0 |
Della Clark President | Officer | 5 | $0 |
Ian Lawrence Senior Director | 40 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,001,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,301,797 |
| Total Program Service Revenue | $10,954,276 |
| 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 | $13,256,073 |
| 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 | $321,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,839 |
| Payroll taxes | $105,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,524 |
| Fees for services: Accounting | $53,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,527 |
| Advertising and promotion | $75 |
| Office expenses | $1,305 |
| Information technology | $180 |
| Royalties | $0 |
| Occupancy | $34,030 |
| Travel | $824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331,284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,166 |
| All other expenses | $0 |
| Total functional expenses | $7,607,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,989,363 |
| Savings and temporary cash investments | $150,342 |
| Pledges and grants receivable | $262,113 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,182,883 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,321,186 |
| Total assets | $58,942,759 |
| Accounts payable and accrued expenses | $191,057 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,341,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,174,929 |
| Total liabilities | $45,707,101 |
| Net assets without donor restrictions | $13,235,658 |
| 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 | $58,942,759 |