Belay Enterprises Inc
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Aurora, CO
- Founding
- 07/1996
- Data as of
- 09/2023
- EIN
- 84-1324465
Organization Overview
Belay Enterprises Inc is located in Aurora, CO. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Belay Enterprises Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belay Enterprises 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 09/2023, Belay Enterprises Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. While expenses have increased by 8.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PARTNER WITH AREA CHURCHES TO DEVELOP BUSINESSES THAT EMPLOY AND JOB-TRAIN INDIVIDUALS REBUILDING LIVES FROM ADDICTION, HOMELESSNESS, PRISON, OR POVERTY IN ORDER TO STRENGTHEN FAMILIES AND NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BELAY ENTERPRISES SEEKS TO CREATE BUSINESSES THAT EMPLOY INDIVIDUALS REBUILDING LIVES FROM ADDICTION, PRISON, AND HOMELESSNESS.
BUD'S WAREHOUSE- A BUSINESS DEVELOPED TO PROVIDE EMPLOYMENT FOR DISADVANTAGED INDIVIDUALS RECOVERING FROM ADDICTIONS, HOMELESSNESS, PRISON CONFINEMENT AND/OR POVERTY AND TO HELP THEM REBUILD THEIR LIVES AND STRENGTHEN AREA FAMILIES AND NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reiner President/ex | Officer | 40 | $160,000 |
Josiah Alis Chair | OfficerTrustee | 4 | $0 |
Bruce Porter Vice Chair | OfficerTrustee | 4 | $0 |
Kurt Suppes Treasurer | OfficerTrustee | 4 | $0 |
Richard Hess Secretary | OfficerTrustee | 4 | $0 |
Kraig Haynes Director | Trustee | 2 | $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 | $2,007,372 |
| Noncash contributions included in lines 1a–1f | $1,894,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,007,372 |
| Total Program Service Revenue | $36,852 |
| Investment income | $6,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $65,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,116,628 |
| 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. | $165,481 |
| Compensation of current officers, directors, key employees. | $36,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $312,105 |
| Payroll taxes | $97,332 |
| 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 | $24,321 |
| Advertising and promotion | $19,800 |
| Office expenses | $33,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,484 |
| Travel | $41,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,550 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,878,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,703 |
| Savings and temporary cash investments | $333,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $419,105 |
| Prepaid expenses and deferred charges | $15,560 |
| Net Land, buildings, and equipment | $2,965,792 |
| Investments—publicly traded securities | $252,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,173,129 |
| Accounts payable and accrued expenses | $163,976 |
| 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 | $2,218,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,382,280 |
| Net assets without donor restrictions | $1,790,849 |
| 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 | $4,173,129 |