Center For Inclusive Entrepreneurship
- Assets
- $571.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Seattle, WA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 81-2483253
Organization Overview
Center For Inclusive Entrepreneurship is located in Seattle, WA. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Center For Inclusive Entrepreneurship employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Inclusive 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 12/2023, Center For Inclusive Entrepreneurship generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 47.1% per year over the past 5 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
OUR MISSION IS TO HELP PEOPLE WITH LIMITED RESOURCES IN MARGINALIZED RURAL COMMUNITIES START A BUSINESS, EARN A LIVING, BUILD GENERATIONAL WEALTH, AND LEAD THE DEVELOPMENT OF RURAL PLACES WHERE EVERYONE AND EVERYTHING CAN THRIVE FOREVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH PENSINSULA COMMUNITY ENTERPRISE - SERVED 142 PEOPLE WHO STARTED 16 NEW BUSINESSES CREATING 25 NEW JOBS.
BECU GREEN EQUITY INITIATIVE - 12 EMERGING ENTREPRENEURS COMPLETED A RIGOROUS TRAINING PROGRAM AND RECEIVED A REVENUE-BASED ZERO INTEREST LOAN TO START OR GROW A TRIPLE BOTTOM LINE SOCIAL ENTERPRISE.
NORTH CASCADES COMMUNITY ENTERPRISE - SERVED 72 PEOPLE WHO STARTED 4 NEW BUSINESSES CREATING 38 NEW JOBS.
COLUMBIA BASIN COMMUNITY ENTERPRISE - SERVED 31 PEOPLE WHO STARTED 3 NEW BUSINESSES CREATING 8 NEW JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Skinner Executive Director | Officer | 40 | $100,000 |
Shanthi Gudavalli Board Member | Trustee | 1 | $0 |
Ram Hariharan Board Member | Trustee | 1 | $0 |
Casey Pearlman Board Member | Trustee | 1 | $0 |
Antony Gromko Secretary | OfficerTrustee | 1 | $0 |
Rita Ordonez Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $845,033 |
| All other contributions, gifts, grants, and similar amounts not included above | $220,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,392 |
| Total Program Service Revenue | $27,175 |
| Investment income | $653 |
| 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 | $1,093,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,500 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation of current officers, directors, key employees. | $5,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $712,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,664 |
| Payroll taxes | $62,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $260 |
| Fees for services: Accounting | $65,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $72,731 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,042 |
| Advertising and promotion | $1,461 |
| Office expenses | $5,630 |
| Information technology | $64,223 |
| Royalties | $0 |
| Occupancy | $451 |
| Travel | $40,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,801 |
| Interest | $6,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,432 |
| All other expenses | $7,970 |
| Total functional expenses | $1,311,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,853 |
| Savings and temporary cash investments | $122,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,355 |
| 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 | $35,237 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158 |
| Total assets | $571,429 |
| Accounts payable and accrued expenses | $4,431 |
| 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 | $268,031 |
| Total liabilities | $272,462 |
| Net assets without donor restrictions | -$9,324 |
| Net assets with donor restrictions | $308,291 |
| 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 | $571,429 |