Entrepreneurs Edge Inc
- Assets
- $0.0
- Revenue
- $622.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Cleveland, OH
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 56-2485594
Organization Overview
Entrepreneurs Edge Inc is located in Cleveland, OH. The organization was established in 2005. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Entrepreneurs Edge Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entrepreneurs Edge 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, Entrepreneurs Edge Inc generated $622.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $891.3k 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
TO ENHANCE ECONOMIC DEVELOPMENT IN NORTHEAST OHIO THROUGH INNOVATION AND ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDGE'S VISION IS TO MAKE NORTHEAST OHIO A PREEMINENT LOCATION FOR MIDSIZE COMPANIES. WITH THAT IN MIND, WE PROVIDE 4 PRIMARY PROGRAMS.1) MEMBERSHIP - EDGE DESIGNS EDUCATIONAL PROGRAMS FOR MEMBER MIDSIZE COMPANY CEOS AND THEIR LEADERSHIP TEAMS TO LEARN WITH AND FROM EACH OTHER VIA PEER-TO-PEER LEARNING AND OUTSIDE EXPERTS.2) SCALERATOR - AN INTENSE CLASSROOM BASED PROGRAM TARGETING SMALLER COMPANY MANAGEMENT TEAMS WHO WISH TO GROW THEIR COMPANIES.3) INNOQUEST- A PEER GROUP PROGRAM PROVIDING EXPERIENTIAL LEARNING TO COMPANY INNOVATION LEADERS.4) EDGE FELLOWS - A GRADUATE LEVEL STUDENT INTERN PROGRAM. STUDENTS WORK WITH COMPANIES TO EVALUATE NEW MARKET OPPORTUNITIES. EDGE FINDS THE PROJECTS, HIRES STUDENTS, & PROVIDES SUPERVISION & MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Singh Board Member | Trustee | 1 | $0 |
Joe Majewski Board Member | Trustee | 1 | $0 |
Lee A Chilcote Secretary | OfficerTrustee | 1 | $0 |
D Kirk Neiswander President | OfficerTrustee | 40 | $233,917 |
David O'halloran Board Member | Trustee | 1 | $0 |
Douglas Suna COO | 40 | $108,160 |
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 | $36,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,000 |
| Total Program Service Revenue | $467,801 |
| Investment income | $94,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,891 |
| Net Income from Fundraising Events | $34,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,610 |
| 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. | $297,778 |
| Compensation of current officers, directors, key employees. | $146,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,286 |
| Pension plan accruals and contributions | $39,292 |
| Other employee benefits | -$5,055 |
| Payroll taxes | $39,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,739 |
| Fees for services: Accounting | $15,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,403 |
| Advertising and promotion | $48,660 |
| Office expenses | $5,428 |
| Information technology | $7,881 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,294 |
| 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 | $2,977 |
| Insurance | $1,264 |
| All other expenses | $8,219 |
| Total functional expenses | $891,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |