Small Business Empowerment Center
- Assets
- $676.6k
- Revenue
- $618.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Saint Louis, MO
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 80-0563561
Organization Overview
Small Business Empowerment Center is located in Saint Louis, MO. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Small Business Empowerment Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Empowerment 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 12/2021, Small Business Empowerment Center generated $618.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $584.6k during the year ending 12/2021. While expenses have increased by 17.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SMALL BUSINESS TRAINING, TECHNICAL ASSISTANCE AND ENTREPRENEURIAL EDUCATION TO HIGH POVERTY AREAS IN THE GREATER ST. LOUIS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO INDEPENDENT CONTRACTORS TO PROVIDE SMALL BUSINESS TRAINING AND TECHNICAL ASSISTANCE
SUPPORT LOCAL ORGANIZATIONS - PROVIDING DONATIONS
OTHER ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Wilson Program Director | Officer | 40 | $113,336 |
Reginald Scott Member | Officer | 1 | $0 |
Alan Richter Chairman | Officer | 5 | $0 |
Michelle Stuckey Member | Officer | 1 | $0 |
Denise Phillips Member | Officer | 1 | $0 |
Mitchell Washington Treasurer | Officer | 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 | $600,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,929 |
| Total Program Service Revenue | $15,000 |
| Investment income | $1,355 |
| 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 | $618,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,931 |
| 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. | $113,336 |
| Compensation of current officers, directors, key employees. | $22,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,715 |
| Fees for services: Management | $21,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,728 |
| Advertising and promotion | $5,105 |
| Office expenses | $6,803 |
| Information technology | $18,262 |
| Royalties | $0 |
| Occupancy | $18,060 |
| Travel | $2,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,779 |
| Insurance | $2,927 |
| All other expenses | $0 |
| Total functional expenses | $584,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,484 |
| 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 | $98,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $676,649 |
| 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 | $2,268 |
| Total liabilities | $2,268 |
| Net assets without donor restrictions | $674,381 |
| 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 | $676,649 |
Grants Awarded
Over the last fiscal year, Small Business Empowerment Center has awarded $42,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL SCHOOL DISTRICT OF ST LOUIS COUNTYMO EDUC FACILITIES AUTH PURPOSE: Assistance program | $32,500 |
Jennings, MO PURPOSE: Assistance program | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Small Business Empowerment Center has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Regional Business Council Saint Louis, MO PURPOSE: DIVERSITY | $55,000 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: COMMUNITY BLDG, IMPROVEMENT & CAPACITY BUILDING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |