Inmates To Entrepreneurs Inc
- Assets
- $136.7k
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Holly Springs, NC
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1821543
Organization Overview
Inmates To Entrepreneurs Inc is located in Holly Springs, NC. The organization was established in 2019. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inmates To Entrepreneurs 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 12/2021, Inmates To Entrepreneurs Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. 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 ASSIST PEOPLE WITH A CRIMINAL BACKGROUND IN STARTING THEIR OWN BUSINESS BY PROVIDING RESOURCES AND ENTREPRENEURSHIP EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INMATES TO ENTREPRENEURS HOSTS VIRTUAL EIGHT-WEEK COURSES FOR ANYONE WITH A CRIMINAL BACKGROUND WHO HAS STARTED OR IS INTERESTED IN STARTING THEIR OWN SMALL BUSINESS. THIS FREE COURSE IS OFFERED YEAR ROUND OVER THE SPAN OF EIGHT CONSECUTIVE WEEKS. TOPICS COVER EVERYTHING FROM FIRST STEPS AND ATTITUDE TO MARKETING AND BUSINESS FINANCE. FOR A LIST OF OUR CURRENT COURSES, VISIT: HTTPS://INMATESTOENTREPRENEURS.ORG/PROGRAMS/EIGHT-WEEK-COURSE THIS COURSE IS FREE AND OPEN TO ANYONE WITH ANY TYPE OF CRIMINAL BACKGROUND.
INMATES TO ENTREPRENEURS HOST TWO HOUR CORRECTIONAL FACILITY BOOT CAMPS ACROSS THE COUNTRY. OUR INSTRUCTORS PROVIDE AN OVERVIEW OF STARTING A LOW-CAPITAL BUSINESS AS WELL AS HANDOUTS TO HELP FACILITATE NOTETAKING. THESE BOOT CAMPS ARE CONDUCTED VIRTUALLY; HOWEVER, NORTH CAROLINA FACILITIES CAN REQUEST IN-PERSON BOOT CAMPS IF THEY WOULD LIKE. CORRECTIONAL FACILITIES CAN REGISTER FOR A BOOT CAMP HERE: HTTPS://INMATESTOENTREPRENEURS.ORG/PROGRAMS/CORRECTIONAL-FACILITY-WORKSHOPS-2/
INMATES TO ENTREPRENEURS IN CONJUNCTION WITH OUR SISTER ORGANIZATION, THE BRIAN HAMILTON FOUNDATION, OFFERS A FREE, SELF-PACED ONLINE COURSE THAT COVERS THE ESSENTIALS OF STARTING A BUSINESS. THE COURSE COVERS TOPICS ALL THE WAY FROM FIRST STEPS AND ATTITUDE TO MARKETING AND BUSINESS FINANCE. FIND OUT MORE INFORMATION AND REGISTER FOR THE COURSE HERE: HTTPS://STARTERU.BRIANHAMILTON.ORG/THIS COURSE IS FREE AND OPEN TO ANYONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandria Thomas Executive Director | Trustee | 40 | $64,000 |
Brian Hamilton President / Director | OfficerTrustee | 1 | $0 |
Margaret Froneberger Executive Director | OfficerTrustee | 1 | $0 |
Lawrence Carpenter Chairman | Trustee | 1 | $0 |
Scott Jennings Director | Trustee | 1 | $0 |
Tim O'rourke Director | Trustee | 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 | $3,570,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,570,078 |
| Total Program Service Revenue | $0 |
| 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 | $3,570,078 |
| 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. | $64,000 |
| Compensation of current officers, directors, key employees. | $9,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,919 |
| Payroll taxes | $5,054 |
| 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 | $3,690 |
| Advertising and promotion | $7,102 |
| Office expenses | $95 |
| 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 | $2,419 |
| All other expenses | $0 |
| Total functional expenses | $3,446,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,748 |
| 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 | $136,748 |
| 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 | $136,748 |
| 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 | $136,748 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Inmates To Entrepreneurs Inc has recieved totaling $8,075.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,175 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Return Inc Nashville, TN | $5,303,107 | $6,857,195 |
Counseling And Consultation Service Inc Limestone, TN | $3,018,648 | $5,158,988 |
Inmates To Entrepreneurs Inc Holly Springs, NC | $136,748 | $3,570,078 |
Offender Aid And Restoration Of Charlottesville-Albe Marle Inc Charlottesville, VA | $1,318,318 | $2,384,129 |
Dismas Inc Nashville, TN | $10,843,450 | $2,099,195 |
First At Blue Ridge Inc Ridgecrest, NC | $3,154,011 | $2,730,223 |
Oar Of Richmond Inc Richmond, VA | $1,457,877 | $2,176,818 |
Center For Community Transitions Charlotte, NC | $3,101,357 | $2,179,799 |
Oar Of Fairfax County Inc Fairfax, VA | $1,022,740 | $1,983,995 |
Turn90 Charleston, SC | $2,415,508 | $2,814,431 |
Black Liberation Fund Charleston, SC | $71,314 | $1,150,157 |
Recovery Rocks Sevierville, TN | $952,424 | $885,402 |