The Catalyst Center For Business & Entrepreneurship
- Assets
- $540.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Huntsville, AL
- Founding
- 01/2004
- Data as of
- 09/2023
- EIN
- 51-0446029
Organization Overview
The Catalyst Center For Business & Entrepreneurship is located in Huntsville, AL. The organization was established in 2004. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Catalyst Center For Business & Entrepreneurship employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Center For Business & Entrepreneurship 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 09/2023, Catalyst Center For Business & Entrepreneurship generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 9.3% per year over the past 7 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 HELP STARTUPS AND DO SMALL BUSINESS COUNSELING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CATALYST SERVES ENTREPRENEURS AND SMALL BUSINESS OWNERS IN EVERY STATE OF BUSINESS, PROVIDING COACHING, IN-DEMAND SERVICES, AND RELEVANT PROGRAMS TO FOSTER SUCCESS. WE CONNECT ENTREPRENEURS AND SMALL BUSINESSES WITH RESOURCES AND EDUCATED THEM ON EFFECTIVE STRATEGIES AND PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Howald Chair | OfficerTrustee | 5 | $0 |
U'meeka Smith Past Chair | OfficerTrustee | 5 | $0 |
Beth Kramer Vice Chair | OfficerTrustee | 5 | $0 |
Kristina Minyard Secretary | OfficerTrustee | 5 | $0 |
Kandy Gardner Treasurer | OfficerTrustee | 5 | $0 |
Kenny Anderson Member | 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 | $712,912 |
| Noncash contributions included in lines 1a–1f | $107,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $712,912 |
| Total Program Service Revenue | $921,208 |
| Investment income | $1,587 |
| 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 | $1,635,707 |
| 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. | $123,148 |
| Compensation of current officers, directors, key employees. | $6,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $478,694 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,414 |
| Payroll taxes | $55,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,103 |
| Office expenses | $33,203 |
| Information technology | $7,809 |
| Royalties | $0 |
| Occupancy | $32,761 |
| Travel | $24,082 |
| 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 | $5,542 |
| Insurance | $11,329 |
| All other expenses | $152,389 |
| Total functional expenses | $1,848,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,213 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,000 |
| Accounts receivable, net | $187,587 |
| 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 | $27,597 |
| Net Land, buildings, and equipment | $4,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $774 |
| Total assets | $540,337 |
| Accounts payable and accrued expenses | $154,066 |
| Grants payable | $0 |
| Deferred revenue | $21,500 |
| 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 | $0 |
| Total liabilities | $175,566 |
| Net assets without donor restrictions | $364,771 |
| 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 | $540,337 |