Community Enterprise Development Services
- Assets
- $7.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Aurora, CO
- Founding
- 08/2012
- Data as of
- 09/2021
- EIN
- 45-3064996
Organization Overview
Community Enterprise Development Services is located in Aurora, CO. The organization was established in 2012. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 09/2021, Community Enterprise Development Services employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Enterprise Development Services 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, Community Enterprise Development Services generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $799.1k during the year ending 09/2021. While expenses have increased by 7.4% per year over the past 6 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 ASSISTANCE TO REFUGEES, IMMIGRANTS, AND THOSE FROM UNDERSERVED COMMUNITIES IN THE DENVER METRO AREA WHO DESIRE TO OWN OR STRENGTHEN BUSINESSES, DEVELOP WEALTH, AND EMPOWER THEMSELVES FINANCIALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF THE MICRO-ENTERPRISE (MED) PROGRAM, THE ORGANIZATION IS ENGAGED TO PROMOTE BUSINESS AND SELF-EMPLOYMENT AMONG UNDERSERVED DENVER METRO RESIDENTS WITH A PARTICULAR CONCENTRATION ON REFUGEES AND IMMIGRANTS AND THOSE FROM UNDERSERVED COMMUNITIES. MED LOAN AMOUNTS RANGE FROM $100 TO $50,000, WITH TERMS OF UP TO FIVE YEARS. MED LOANS CAN BE COLLATERALIZED BY ANY ASSETS OF THE BORROWER. ALL LOANS ARE SECURED BY SOME FORM OF COLLATERAL. INTEREST RATES ON THE LOANS ARE BASED ON A VARIETY OF RISK FACTORS AND THE PRIME RATE AND RANGE FROM 7.75% TO 10.25%. MED LOAN PAYMENTS ARE DUE TO THE ORGANIZATION ON THE 15TH DAY OF EACH MONTH. A LATE FEE OF 5% IS ASSESSED IF LOAN PAYMENTS ARE ELEVEN OR MORE DAYS LATE. IF A MICRO-ENTERPRISE LOAN IS DEEMED TO BE IN DEFAULT, A BORROWER MAY BE ASKED TO VOLUNTARILY SURRENDER THE PLEDGED COLLATERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandria Wise Executive Director | Officer | 40 | $104,332 |
Jeremy Harkey Chair | OfficerTrustee | 1 | $0 |
Josh Peebles Treasurer | OfficerTrustee | 1 | $0 |
Paul Stein Director | Trustee | 1 | $0 |
Patrick Horvath Director | Trustee | 1 | $0 |
Abram Sloss Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $851,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,417,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,269,188 |
| Total Program Service Revenue | $169,179 |
| Investment income | $382 |
| 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 | $2,438,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $114,474 |
| Compensation of current officers, directors, key employees. | $22,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,765 |
| Pension plan accruals and contributions | $15,564 |
| Other employee benefits | $42,354 |
| Payroll taxes | $33,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,306 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,630 |
| Advertising and promotion | $0 |
| Office expenses | $30,404 |
| Information technology | $14,992 |
| Royalties | $0 |
| Occupancy | $30,447 |
| Travel | $128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289 |
| Insurance | $22,172 |
| All other expenses | $0 |
| Total functional expenses | $799,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,590,676 |
| Savings and temporary cash investments | $3,619,282 |
| Pledges and grants receivable | $210,064 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,258,546 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,042 |
| Net Land, buildings, and equipment | $579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,275 |
| Total assets | $7,776,464 |
| Accounts payable and accrued expenses | $57,300 |
| 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 | $4,334,944 |
| Other liabilities | $85,275 |
| Total liabilities | $4,477,519 |
| Net assets without donor restrictions | $2,245,596 |
| Net assets with donor restrictions | $1,053,349 |
| 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 | $7,776,464 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Enterprise Development Services has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Small Business | $50,000 |
Womens Foundation Of Colorado Inc Denver, CO PURPOSE: IMPACT INVESTING LOAN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Money Management International Inc Phoenix, AZ | $55,363,723 | $38,595,180 |
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
Take Charge America Inc Phoenix, AZ | $22,881,953 | $7,255,476 |
Quickcert Tulsa, OK | $2,343,407 | $2,400,741 |
Earn To Learn Tucson, AZ | $1,535,362 | $2,450,878 |
American Credit Foundation Inc Draper, UT | $673,807 | $2,274,444 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Family Financial Education Foundation Evanston, WY | $2,580,776 | $1,346,527 |
3rd Decade Inc Tucson, AZ | $335,356 | $974,738 |
Community Enterprise Development Services Aurora, CO | $7,776,464 | $2,438,749 |
Housing And Credit Counseling Inc Topeka, KS | $1,465,189 | $741,277 |
Consumer Credit Counseling Service Of Salina Inc Salina, KS | $360,345 | $376,593 |