Awesome Center For Entrepreneurship Inc
- Assets
- $717.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 03/2013
- Data as of
- 12/2023
- 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 12/2023, Awesome Center For Entrepreneurship Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
2023
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 6 PITCH CONTEST EVENTS FOR LOCAL ENTREPRENEURS TO SHARE THEIR IDEAS WITH THE COMMUNITY.
HOSTED ANNUAL ENTREPRENEUR HALL OF FAME CEREMONY WITH 500+ ATTENDEES, INDUCTED 4 NEW HALL OF FAME ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Raney President | OfficerTrustee | 10 | $0 |
Nick Such Vice President | OfficerTrustee | 1 | $0 |
Luke Murray Community Ambassador | Trustee | 1 | $0 |
Kevin Mansur Program Officer | Trustee | 40 | $63,615 |
Emily Wehrle Event Coordinator | Trustee | 20 | $55,618 |
Nathan Port Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,036,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,036,508 |
| Total Program Service Revenue | $0 |
| Investment income | $2,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,482 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,052 |
| 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. | $119,234 |
| Compensation of current officers, directors, key employees. | $27,809 |
| Compensation to disqualified persons | $464,375 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,048 |
| Other employee benefits | $13,133 |
| Payroll taxes | $45,409 |
| 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 | $31,898 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $152,707 |
| Travel | $1,098 |
| 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 | $37,429 |
| Total functional expenses | $1,218,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,858 |
| 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 | $717,369 |
| 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 | $12,393 |
| Total liabilities | $12,393 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $704,976 |
| 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 | $717,369 |