Center For Inclusive Entrepreneurship
- Assets
- $305.9k
- Revenue
- $740.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 11/2017
- Data as of
- 12/2021
- 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 12/2021, Center For Inclusive Entrepreneurship employed 8 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 12/2021, Center For Inclusive Entrepreneurship generated $740.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $639.2k during the year ending 12/2021. While expenses have increased by 19.1% 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
2021
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
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Skinner Executive Director | Officer | 40 | $78,542 |
Kari Dasher President | OfficerTrustee | 0.5 | $0 |
Tim Crosby Secretary | OfficerTrustee | 0.5 | $0 |
Anthony Gromko Board Director | Trustee | 0.5 | $0 |
Kristi Nelson Board Director | Trustee | 0.5 | $0 |
Andrea Alexander Board Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $463,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $719,186 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $740,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,542 |
| Compensation of current officers, directors, key employees. | $12,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,760 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,812 |
| Payroll taxes | $29,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,228 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,752 |
| Advertising and promotion | $750 |
| Office expenses | $2,755 |
| Information technology | $21,879 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,881 |
| 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 | $0 |
| Insurance | $1,441 |
| All other expenses | $3,177 |
| Total functional expenses | $639,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,323 |
| Savings and temporary cash investments | $63,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,299 |
| 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 | $232 |
| Total assets | $305,878 |
| Accounts payable and accrued expenses | $51,519 |
| 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 | $94,900 |
| Total liabilities | $146,419 |
| Net assets without donor restrictions | $84,459 |
| Net assets with donor restrictions | $75,000 |
| 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 | $305,878 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Center For Inclusive Entrepreneurship has recieved totaling $93,040.
| Awarding Organization | Amount |
|---|---|
Washington State Microenterprise Association Olympia, WA PURPOSE: 1ST STEP TRAINING & | $64,540 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $25,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: NORTH PENINSULA COMMUNITY ENTERPRISE PROGRAM MUSEUM | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Sound Economic Development Corporation Anchorage, AK | $393,228,467 | $59,416,266 |
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Bend Visitor & Convention Bureau Bend, OR | $2,809,916 | $4,392,853 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Columbia Pacific Economic Development District Of Oregon St Helens, OR | $1,194,782 | $2,960,651 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |