Midland Institute For Entrepreneurship Nfp
- Assets
- $913.1k
- Revenue
- $499.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Effingham, IL
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-4275347
Organization Overview
Midland Institute For Entrepreneurship Nfp is located in Effingham, IL. The organization was established in 2015. 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, Midland Institute For Entrepreneurship Nfp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Institute For Entrepreneurship Nfp 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, Midland Institute For Entrepreneurship Nfp generated $499.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $666.7k 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
MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES, SPECIFICALLY, THE PURPOSE TO ESTABLISH AND MAINTAIN A HIGH QUALITY EDUCATIONAL PROGRAM KNOWN AS CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAMS FOR SELECT JUNIOR AND SENIOR HIGH SCHOOL STUDENTS. IN ADDITION, MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES RESOURCES TO COMMUNITIES TO AID IN THE ESTABLISHMENT OF CEO PROGRAMS IN COMMUNITIES THROUGHOUT THE UNITED STATES. MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES INITIAL AND ONGOING TRAINING, SUPPORT AND MATERIALS TO THESE COMMUNITIES TO ESTABLISH AND MAINTAIN THE CEO PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH AND MAINTAIN HIGH QUALITY EDUCATIONAL PROGRAM KNOWN AS CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAMS FOR SELECT JUNIOR AND SENIOR HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Austin Brooks Executive Di | Officer | 40 | $84,000 |
Pam Hemmen Secretary | OfficerTrustee | 2 | $0 |
Jordan Koerner Treasurer | OfficerTrustee | 2 | $0 |
Bob Schultz Chairman/dir | OfficerTrustee | 2 | $0 |
Donnie Wilson Vice Preside | OfficerTrustee | 2 | $0 |
Nicholas Glenn Director | 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 | $164,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,378 |
| Total Program Service Revenue | $331,939 |
| Investment income | $623 |
| 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 | $499,255 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,751 |
| Advertising and promotion | $46,148 |
| Office expenses | $5,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,272 |
| Interest | $1,332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,229 |
| Insurance | $4,816 |
| All other expenses | $0 |
| Total functional expenses | $666,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,682 |
| Accounts receivable, net | $11,275 |
| 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 | $35,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $913,107 |
| Accounts payable and accrued expenses | $15,962 |
| Grants payable | $0 |
| Deferred revenue | $345,811 |
| 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 | $34,545 |
| Other liabilities | $9,378 |
| Total liabilities | $405,696 |
| Net assets without donor restrictions | $507,411 |
| 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 | $913,107 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midland Institute For Entrepreneurship Nfp has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Clara Fairbanks Foundation Inc Terre Haute, IN PURPOSE: VIGO COUNTY CEO PROGRAM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
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 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |