Ceos Of Tomorrow Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Ceos Of Tomorrow Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ceos Of Tomorrow 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, Ceos Of Tomorrow Inc generated $474.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $363.2k during the year ending 12/2021. While expenses have increased by 32.0% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ENGAGING AND HANDS-ON SOCIAL ENTREPRENEURSHIP EDUCATION TO YOUTH. WE DEFINE SOCIAL ENTREPRENEURSHIP AS THE ACT OF OPENING A BUSINESS THAT ADDRESSES A SOCIAL PROBLEM OR IMPROVES SOCIETY. YOUTH LAUNCH REAL SELF-DESIGNED AND MANAGED BUSINESSES OR BUSINESS-LIKE SOCIAL VENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THESE TEENS MEAN BUSINE$$ (TTMB) SUITE - OUR PRIMARY PROGRAM EMPHASIS CENTERS AROUND OUR SUITE OF ENTREPRENEURIAL PROGRAMS FOR HIGH SCHOOL STUDENTS. AN INDIVIDUAL TEEN CAN EARN UP TO 8 MADISON COLLEGE PRIOR LEARNING CREDITS, 4 MADISON METROPOLITAN SCHOOL DISTRICT HIGH SCHOOL CREDITS, AND 11 DIGITAL LEARNING BADGES THROUGH OUR PROGRAMS!TTMB ACADEMY- IN THIS VIRTUAL COURSE, TEENS LEARN CORE BUSINESS PRINCIPLES, EARN DIGITAL BADGES AND COLLEGE CREDITS, AND MAKE FRIENDS FROM AROUND THE GLOBE. OVER THE COURSE OF FOUR WEEKS, OUR U.S. PARTICIPATING STUDENTS CONNECT WITH HIGH SCHOOLERS ABROAD, EXPLORING BUSINESS MANAGEMENT, FINANCE, MARKETING, AND MORE. THE COURSE CONCLUDES WITH TEEN-GROUPS WORKING TOGETHER TO APPLY WHAT THEY LEARNED WITHIN PITCH PRESENTATIONS THAT HIGHLIGHT SOCIAL AND ENVIRONMENTAL ISSUES, AND DETAIL THE ENTREPRENEURIAL STEPS TO ADDRESS THEM.TTMB INCUBATOROFFERED IN THE SPRING AND FALL, THIS 11-WEEK SOCIAL ENTREPRENEURSHIP TRAINING LAB PROVIDES.TEENS WITH A SUPPORTIVE, HANDS-ON, AND ENGAGING ENVIRONMENT TO DESIGN, LAUNCH, AND TEST NEW OR EXISTING BUSINESS IDEAS DESIGNED TO PROMOTE POSITIVE CHANGE IN THEIR COMMUNITIES.THROUGHOUT THE INCUBATOR, TEENS ALSO LEARN FROM LOCAL ENTREPRENEURS. THE TRAINING LAB CONCLUDES WITH A TEEN PITCH & LAUNCH EVENT WHERE THEY EACH PITCH THEIR BUSINESS IDEA, LAUNCH AND TEST IT WITH REAL CUSTOMERS, AND COMPETE FOR TOP CEO PRIZES.TTMB INTERNSHIP PROGRAMTHIS SUMMER-LONG ENTREPRENEURSHIP AND EMPLOYMENT IMMERSION OPPORTUNITY TARGETS 9TH-12TH GRADERS WHO HAVE COMPLETED AT LEAST ONE OF THE THESE TEENS MEAN BUSINE$$ PROGRAMS. THE INTERNSHIP PROVIDES A UNIQUE OPPORTUNITY FOR OUR TEEN ENTREPRENEURS TO GAIN FIRST-HAND EXPERIENCETTMB INNOVATION STUDIO - DURING THIS PROGRAM, TEENS LEARN AND APPLY THE DESIGN THINKING PROCESS TO CREATE "BUSINESSES-IN-BOXES," CALLED IMPACTFUL CREATIONS. THESE KITS ARE DESIGNED FOR CHILDREN AGES 8-14 AND CONTAIN EVERYTHING ASPIRING "KIDPRENEURS" NEED TO CREATE AND LAUNCH THEIR OWN MINI-BUSINESS FOR SOCIAL GOOD FROM HOME. THE PROGRAM INVOLVES TWO SEPARATE SESSIONS -- THE FIRST (SPRING) INVOLVING AUDIENCE INTERVIEWS AND PRODUCT PROTOTYPING, AND THE SECOND (SUMMER) INVOLVING PRODUCT TESTING AND BUSINESS GUIDE CREATION.
CONTRACTED PROGRAMS - CEOS OF TOMORROW EXTENDS ITS COMMITMENT TO ENTREPRENEURSHIP EDUCATION BY CONTRACTING WITH OUTSIDE ORGANIZATIONS AND SCHOOLS TO BRING PERSONALIZED PROGRAMS DIRECTLY TO THEM IN ORDER TO MEET THE SPECIFIC NEEDS OF THE COMMUNITY POPULATION BEING SERVED.
BUSINESS OF GIVING BOOTCAMP - IN TWO ACTION-PACKED WEEKS, 4TH-8TH GRADERS LEARN AND APPLY BASIC BUSINESS SKILLS TO AN IMPORTANT SOCIAL AND ENVIRONMENTAL ISSUE. EACH WEEK CONCLUDES WITH EACH CAMPER LAUNCHING A BUSINESS-LIKE VENTURE TO RAISE AWARENESS AND FUNDS TO ADDRESS A COMMUNITY PROBLEM. THEMED FIELD TRIPS, CRAFTS, GAMES, AND OUTDOOR RECREATION ARE INCLUDED IN BOTH CAMP WEEKS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Roxie Hentz Founder & CEO | Officer | 40 | $67,027 |
Iris Lowery President | OfficerTrustee | 2 | $0 |
Jessica Bartelt Secretary | OfficerTrustee | 1 | $0 |
Donnetta Foxx Treasurer | OfficerTrustee | 1.5 | $0 |
Latanya Baldwin Director | Trustee | 1 | $0 |
Fabiola Hamden Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $452 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $196,748 |
All other contributions, gifts, grants, and similar amounts not included above | $259,058 |
Noncash contributions included in lines 1a–1f | $5,575 |
Total Revenue from Contributions, Gifts, Grants & Similar | $456,258 |
Total Program Service Revenue | $13,947 |
Investment income | $377 |
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 | $2,046 |
Miscellaneous Revenue | $0 |
Total Revenue | $474,761 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $377 |
Grants and other assistance to domestic individuals. | $8,234 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $67,027 |
Compensation of current officers, directors, key employees. | $8,204 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $117,120 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $3,318 |
Payroll taxes | $15,245 |
Fees for services: Management | $0 |
Fees for services: Legal | $165 |
Fees for services: Accounting | $23,381 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,353 |
Advertising and promotion | $30,922 |
Office expenses | $10,058 |
Information technology | $15,882 |
Royalties | $0 |
Occupancy | $20,060 |
Travel | $101 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,327 |
Interest | $158 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,033 |
Insurance | $3,538 |
All other expenses | $397 |
Total functional expenses | $363,153 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $57,714 |
Savings and temporary cash investments | $185,292 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,189 |
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 | $4,434 |
Net Land, buildings, and equipment | $30,483 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $303,112 |
Accounts payable and accrued expenses | $9,500 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $9,500 |
Net assets without donor restrictions | $265,112 |
Net assets with donor restrictions | $28,500 |
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 | $303,112 |
Over the last fiscal year, we have identified 4 grants that Ceos Of Tomorrow Inc has recieved totaling $127,054.
Awarding Organization | Amount |
---|---|
Cuna Mutual Group Foundation Inc Madison, WI PURPOSE: CHARITABLE | $70,000 |
Schlecht Family Foundation Inc Mt Horeb, WI PURPOSE: TO SUPPORT CAPACITY BUILDING. | $50,000 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Organization Name | Assets | Revenue |
---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Chippewa Luce Macinac Comm Action Human Resource Auth Inc Sault Ste Marie, MI | $6,136,968 | $10,393,284 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |