Entrepreneur Startup Business Development Corporation
- Assets
- $24.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 12
- Location
- St Louis, MO
- Founding
- 03/2011
- Data as of
- 12/2022
- EIN
- 27-4875945
Organization Overview
Entrepreneur Startup Business Development Corporation, operating under the name Arch Grants, is located in St Louis, MO. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Arch Grants employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arch Grants 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 12/2022, Arch Grants generated $2.3m 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 (6.4%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arch Grants has awarded 220 individual grants totaling $11,649,671. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT FOR ST. LOUIS CITY THROUGH A GRANT COMPETITION FOR START UP COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM - FULFILLING THE MISSION OF ARCH GRANTS THROUGH THE PROVISION OF FINANCIAL AND OTHER ASSISTANCE THROUGH THE PRIMARY MEANS OF COMPETITIVE GRANT PROGRAMS, THE PURPOSES OF WHICH ARE TO COMPENSATE FOR THE LACK OF ACCESS TO ADEQUATE SOURCES OF CAPITAL, TO DEVELOP ENTREPRENEURS IN STARTUP BUSINESSES IN THE CITY OF ST. LOUIS, CREATE JOBS, COMBAT BLIGHT, AND CREATE COMMUNITY DEVELOPMENT. DURING 2022, 23 NEW GRANTS WERE AWARDED INCLUSIVE OF 13 RELOCATION GRANTS THROUGH THE ANNUAL STARTUP COMPETITION (23 FULL $75,000 AWARDS AND 13 RELOCATION GRANTS OF $25,000), IN ADDITION TO 6 FOLLOW-ON GRANTS TO PREVIOUSLY FUNDED COMPANIES WERE AWARDED THROUGH THE GROWTH GRANTS PROGRAM (5 FULL $100,000 AWARDS, AND 1 PARTIAL $50,000 AWARD). AS OF DECEMBER 31, 2022, ARCH GRANTS HAS AWARDED $14.15 MILLION IN GRANTS TO (SEE SCHEDULE O) 230 COMPANIES. SINCE THE LAUNCH IN 2012, SEVERAL THOUSAND APPLICATIONS HAVE BEEN RECEIVED FROM AROUND THE WORLD, INCLUDING APPLICATIONS FROM 49 STATES AND 93 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Schlichter Chairman | OfficerTrustee | 5 | $0 |
Elizabeth Zucker President | OfficerTrustee | 3 | $0 |
Stefanie Thelan Secretary | OfficerTrustee | 3 | $0 |
Matt Badler Treasurer | OfficerTrustee | 3 | $0 |
Jack Bader Director | Trustee | 1 | $0 |
Carl Bouckaert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $372,655 |
| Related organizations | $0 |
| Government grants | $89,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,879 |
| Noncash contributions included in lines 1a–1f | $40,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,455,534 |
| Total Program Service Revenue | $0 |
| Investment income | $1,215,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$99,581 |
| Net Income from Fundraising Events | -$224,264 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,347,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,585,000 |
| 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. | $237,107 |
| Compensation of current officers, directors, key employees. | $40,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,690 |
| Pension plan accruals and contributions | $5,036 |
| Other employee benefits | $13,290 |
| Payroll taxes | $49,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,636 |
| Fees for services: Accounting | $73,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,338 |
| Advertising and promotion | $60,811 |
| Office expenses | $105,829 |
| Information technology | $59,410 |
| Royalties | $0 |
| Occupancy | $78,332 |
| Travel | $73,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,414 |
| Insurance | $2,618 |
| All other expenses | $245 |
| Total functional expenses | $4,069,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,207 |
| Savings and temporary cash investments | $1,844,611 |
| Pledges and grants receivable | $1,109,848 |
| Accounts receivable, net | $0 |
| 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 | $32,949 |
| Net Land, buildings, and equipment | $29,446 |
| Investments—publicly traded securities | $20,925,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,673 |
| Total assets | $24,747,654 |
| Accounts payable and accrued expenses | $165,411 |
| Grants payable | $1,367,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,245 |
| Total liabilities | $1,634,156 |
| Net assets without donor restrictions | $9,222,638 |
| Net assets with donor restrictions | $13,890,860 |
| 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 | $24,747,654 |
Grants Awarded
Over the last fiscal year, Entrepreneur Startup Business Development Corporation has awarded $2,550,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ESSENTIAL REAL ESTATE LLC PURPOSE: GROWTH GRANT | $100,000 |
FLIPSTIK PURPOSE: GROWTH GRANT | $50,000 |
GENERATION MINDFUL LLC PURPOSE: GROWTH GRANT | $100,000 |
NATIVE PET PURPOSE: GROWTH GRANT | $100,000 |
RETRAILER LLC DBA BIG HEART TEA PURPOSE: GROWTH GRANT | $100,000 |
TCARE INC PURPOSE: GROWTH GRANT | $50,000 |