Adelante Center For Entrepreneurship is located in Waukegan, IL. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante Center For 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, Adelante Center For Entrepreneurship generated $250.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $181.2k during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 2 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
THE ADELANTE CENTERS MISSION IS TO CREATE WEALTH IN DISTRESSED COMMUNITIES THROUGH ENTREPRENEURSHIP, LIVING-WAGE JOB CREATION, AND COMMUNITY DEVELOPMENT. WE FOCUS EXCLUSIVELY ON DEVELOPING PROGRAMS AND PROJECTS THAT BENEFIT LAKE COUNTY AND THE SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADELANTE CENTERS MISSION IS TO CREATE WEALTH IN DISTRESSED COMMUNITIES THROUGH ENTREPRENEURSHIP, LIVING-WAGE JOB CREATION, AND COMMUNITY DEVELOPMENT. WE FOCUS EXCLUSIVELY ON DEVELOPING PROGRAMS AND PROJECTS THAT BENEFIT LAKE COUNTY AND THE SURROUNDING AREAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Meehan Chairman | OfficerTrustee | 0 | $0 |
James Miller Secretary | OfficerTrustee | 2 | $0 |
Dr Myla Patterson-Smith Treasurer | OfficerTrustee | 2 | $0 |
Kenneth Barber Executive Director | Officer | 0 | $0 |
Topiltzen Gomez Director | Trustee | 2 | $0 |
Derek Barber Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $41,921 |
All other contributions, gifts, grants, and similar amounts not included above | $208,950 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $250,871 |
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 | $250,871 |
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 | $72,410 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,979 |
Payroll taxes | $5,539 |
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 | $17,808 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,803 |
Travel | $181 |
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 | $8,899 |
Total functional expenses | $181,217 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $94,606 |
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 | $94,606 |
Accounts payable and accrued expenses | $7,265 |
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 | $7,265 |
Net assets without donor restrictions | $87,341 |
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 | $94,606 |
Over the last fiscal year, we have identified 2 grants that Adelante Center For Entrepreneurship has recieved totaling $135,000.
Awarding Organization | Amount |
---|---|
Abbott Fund Abbott Park, IL PURPOSE: ADELANTE WAUKEGAN FOOD ECOSYSTEM | $75,000 |
Grand Victoria Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
Organization Name | Assets | Revenue |
---|---|---|
Milwaukee Electrical Industry Vacation - Holiday Plan Wauwatosa, WI | $15,465,835 | $13,612,321 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Seton Property Corporation Of North Alabama St Louis, MO | $50,940,533 | $5,932,254 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |