Entrepreneurs Across Borders Inc
- Assets
- $467.6k
- Revenue
- $0.0
- Investments
- $349.2k
- Employees
- 0
- Location
- Little Falls, NY
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 83-3130254
Organization Overview
Entrepreneurs Across Borders Inc is located in Little Falls, NY. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entrepreneurs Across Borders Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY, CURATE AND CONNECT TRANSFORMATIONAL LEADERS TO EXPERIENCED PEOPLE AND RESOURCES FOR THEM TO SCALE THEIR IMPACT ON IMPOVERISHED COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OENTREPRENEURS ACROSS BORDERS, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT CORPORATION INCORPORATED IN JANUARY 2019. THE ORGANIZATION SERVES TO IDENTIFY, CURATE AND CONNECT EMERGING ENTREPRENEURS IN IMPOVERISHED COUNTRIES WITH RESOURCES THEY NEED TO CREATE JOBS, SUSTAINABLE LIVELIHOOD AND EQUITABLE GROWTH.FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THE ORGANIZATION'S START-UP ACTIVITIES AND PROGRAM INITIATIVES HAVE BEEN DELAYED OR EXTREMELY LIMITED DUE TO THE CORONAVIRUS PANDEMIC, WHICH BROUGHT MANY RESTRICTIONS AND LIMITED ACCESS TO DEVELOPING COUNTRIES, PARTICULARLY JAMAICA, WHERE THE ORGANIZATION'S PILOT PROGRAM IS BASED. SUCH RESTRICTIONS AND LIMITED ACCESS IMPEDED DEVELOPMENT OF THE ORGANIZATION'S PROGRESS IN DEMONSTRATING EFFICACY OF THEIR OPERATING MODEL, WHICH IN TURN AFFECTED THEIR ABILITY TO INTERACT WITH DONORS TO RECEIVE ADDITIONAL PUBLIC SUPPORT. THE ORGANIZATION RESUMED ITS PILOT PROGRAM, INCLUDING IN COUNTRY ACTIVITIES AND PROGRAM INITIATIVES STARTING DECEMBER 2022, THE RESULTS OF WHICH ARE EXPECTED TO BE MORE EVIDENT IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Langley President | OfficerTrustee | 30 | $0 |
Martin Babinec Chairman | OfficerTrustee | 1 | $0 |
Krista Babinec Director | Trustee | 1 | $0 |
Michael Sciotti CFO | Officer | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,446 |
| Information technology | $4,315 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,353 |
| 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 | $3,383 |
| All other expenses | $0 |
| Total functional expenses | $130,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,776 |
| 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 | $2,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $349,171 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,647 |
| Accounts payable and accrued expenses | $6,250 |
| 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 | $6,250 |
| Net assets without donor restrictions | $461,397 |
| 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 | $467,647 |