Awesome Center For Entrepreneurship Inc
- Assets
- $778.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 45-4294345
Organization Overview
Awesome Center For Entrepreneurship Inc is located in Lexington, KY. The organization was established in 2013. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Awesome Center For Entrepreneurship 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, Awesome Center For Entrepreneurship Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $926.7k during the year ending 12/2021. 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
THE ORGANIZATION'S MISSION IS TO RAISE AWARENESS OF THE IMPACT THAT ENTREPRENEURSHIP HAS MADE IN THE COMMONWEALTH AND ENCOURAGE OTHERS TO PURSUE SIMILAR AMBITIOUS ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCEPTED AND MENTORED 8 ADDITIONAL STARTUP COMPANIES THROUGH THE AWESOME FELLOWSHIP PROGRAM.
THE ORGANIZATION HOSTED THE KENTUCKY ENTREPRENEUR HALL OF FAME CEREMONY IN LEXINGTON, KY. OVER 500 ATTENDEES WERE THERE TO CELEBRATE THE CONTRIBUTIONS
THE ORGANIZATION HOSTED 5 PITCH CONTEST EVENTS FOR LOCAL ENTREPRENEURS TO SHARE THEIR IDEAS WITH THE COMMUNITY AND HAVE THE OPPORTUNITY TO WIN INVESTMENT DOLLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Mcmunn Program Officer | Trustee | 40 | $44,950 |
Emily Wehrle Event Coordinator | Trustee | 20 | $25,330 |
Brian Raney President | OfficerTrustee | 10 | $0 |
Nick Such Vice President | OfficerTrustee | 1 | $0 |
Luke Murray Community Ambassador | Trustee | 1 | $0 |
Nathan Port Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,422 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,061,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,765 |
| 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 | $1,067,765 |
| 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. | $119,813 |
| Compensation of current officers, directors, key employees. | $42,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,888 |
| Payroll taxes | $33,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,231 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,725 |
| Travel | $359 |
| 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 | $22,628 |
| Total functional expenses | $926,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,467 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,500 |
| 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 | $0 |
| 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 | $777,967 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,841 |
| Total liabilities | $6,841 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $771,126 |
| 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 | $777,967 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Awesome Center For Entrepreneurship Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Joseph W Craft Iii Foundation Tulsa, OK PURPOSE: CHARITABLE | $25,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $20,000 |
Chris T Sullivan Foundation Inc Tampa, FL PURPOSE: TO HELP RAISE AWARENESS OF THE IMPACT OF ENTREPRENEURSHIP IN KENTUCKY | $20,000 |
Marksbury Family Foundation Inc Nicholasville, KY PURPOSE: DONATION TO AID IN GOAL OF BUILDING THE ENTREPRENEURIAL COMMUNITY IN KENTUCKY | $10,000 |
W Bruce Lunsford Foundation Inc Louisville, KY PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Adler Planetarium Chicago, IL | $62,060,707 | $24,242,958 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |