Social Enterprise Foundation Corporation
- Assets
- $517.9k
- Revenue
- $348.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Tucson, AZ
- Founding
- 07/2017
- Data as of
- 08/2020
- EIN
- 82-2070549
Organization Overview
Social Enterprise Foundation Corporation, operating under the name Social Enterprise Foundation Corp, is located in Tucson, AZ. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2020, Social Enterprise Foundation Corp employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Enterprise Foundation Corp 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 08/2020, Social Enterprise Foundation Corp generated $348.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $194.2k during the year ending 08/2020. While expenses have increased by 46.3% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRAINING AND TECHNICAL DEVELOPMENT IN THE AREAS OF ENGINEERING AND COMPUTER ENGINEERING FOR BLACK INDIGENOUS PEOPLE OF COLOR BIPOC AGES 16-25 WITH THE SKILL-SETS NEEDED TO COMPETE IN THE HIGH-TECH INDUSTRY. OUR MISSION IS TO WORK TO CLOSE THE RACIAL GAP THAT CURRENTLY EXIST IN THE HIGH-TECH INDUSTRY. THROUGH VIRTUAL EDUCATION NETWORKING AND ADVOCATING FOR TECHNICAL OPPORTUNITIES FOR BIPOC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING AND TUTORING SERVICES-STUDENTS RECEIVE TUTORING AND MENTORING IN ROBOTICS AND ENGINEERING. STUDENTS ALSO RECEIVE IMPROVEMENT IN MATH AND SCIENCE SKILLS. SEE SCHEDULE O.
FAMILY AND STUDENT ASSISTANCE IN EMERGENCY SOCIAL SERVICES-SEE SCHEDULE O.
COMMUNITY EVENTS-SEE SCHEDULE O.
EMERGENCY SERVICES TO FAMILY OF THE STUDENTS AND TO THOSE YOUNG ADULT STUDENTS NOT LIVING WITH THEIR FAMILIES. SUCH SERVICES AS; RENTAL ASSISTANCE UTILITIES ASSISTANCE CLOTHING AND FOOD DISTRIBUTIONS AND REFERRALS TO TEMPORARY HOUSING PROGRAMS FOR THOSE AT-RISK OF HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melody R Jones President CEO | 60 | $80,613 | |
John Forlizzi Director Of Technology | Officer | 45 | $65,000 |
Camil Mortada Assistant Director Of Students | Officer | 35 | $15,000 |
Paige Tang Engineer Instructor | 15 | $2,808 | |
Joshua Reyes Mentor | 40 | $1,754 | |
Ashlea Kimbough Intake Clerk | 20 | $675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,068 |
| Investment income | $0 |
| 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 | $348,068 |
| Statement of Expenses | |
|---|---|
| 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. | $80,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $194,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $517,941 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $517,941 |
| 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 |
| Total liabilities and net assets/fund balances | $517,941 |
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