Social Enterprise And Training Center
- Assets
- $3.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Schenectady, NY
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 47-3946521
Organization Overview
Social Enterprise And Training Center is located in Schenectady, NY. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2023, Social Enterprise And Training Center employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Enterprise And Training Center 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, Social Enterprise And Training Center generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSFORMATIVE EDUCATIONAL AND WORKFORCE EXPERIENCES THAT CREATE A SENSE OF PURPOSE AND HOPE IN OUR COMMUNITIES AND CONNECT BUSINESS TO REAL TIME SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTHBUILD - A PROGRAM WHICH ASSISTS YOUNG ADULTS IN COMPLETING THEIR HIGH SCHOOL EDUCATION AND RECEIVING CAREER TRAINING.
OTHER PROGRAM SERVICES
FUTURES - REDUCES RECIDIVISM IN SCHENECTADY BY PROVIDING SUPPORT SERVICES, CAREER PLANNING, CREDENTIAL OPPORTUNITIES, AND JOB COACHING TO JUSTICE-INVOLVED YOUNG ADULTS.
HVAC/ENERGY - ASSISTS YOUNG ADULTS IN COMPLETING THEIR HIGH SCHOOL EDUCATION AND RECEIVING CAREER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Obermayer Chair | OfficerTrustee | 1 | $0 |
Aloja Airewele Vice Chair | OfficerTrustee | 1 | $0 |
Anthony Hubbard Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Hernandez Member | Trustee | 1 | $0 |
Paige Rueckert Member | Trustee | 1 | $0 |
Kimberly Speck Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,057,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $407,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,464,376 |
| Total Program Service Revenue | $47,301 |
| Investment income | $30,447 |
| 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 | $2,592,331 |
| 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. | $142,964 |
| Compensation of current officers, directors, key employees. | $42,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,441,756 |
| Pension plan accruals and contributions | $68,851 |
| Other employee benefits | $215,007 |
| Payroll taxes | $128,331 |
| 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 | $124,535 |
| Advertising and promotion | $5,446 |
| Office expenses | $22,851 |
| Information technology | $65,221 |
| Royalties | $0 |
| Occupancy | $304,601 |
| Travel | $23,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $804 |
| Interest | $39,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,620 |
| Insurance | $38,572 |
| All other expenses | $9,933 |
| Total functional expenses | $3,116,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,524,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,943 |
| Prepaid expenses and deferred charges | $19,337 |
| Net Land, buildings, and equipment | $167,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,662,753 |
| Total assets | $3,471,947 |
| Accounts payable and accrued expenses | $226,561 |
| Grants payable | $0 |
| Deferred revenue | $337,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $118,500 |
| Secured mortgages and notes payable | $10,855 |
| Unsecured mortgages and notes payable | $456,570 |
| Other liabilities | $1,664,268 |
| Total liabilities | $2,814,704 |
| Net assets without donor restrictions | $657,243 |
| Net assets with donor restrictions | $0 |
| 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 | $3,471,947 |