Overview
What is The Enterprise Center?
The Enterprise Center is a nonprofit organization situated in Philadelphia, Pennsylvania. With a strong commitment to empowering minority entrepreneurs, they provide essential technical assistance and conduct entrepreneurial training classes. Their mission is to foster and invest in these entrepreneurs, aiming to stimulate economic growth within the surrounding community. Over the years, they have served hundreds of individuals, contributing significantly to the local economy.
Official website here: www.theenterprisecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Enterprise Center has achieved a high rating of 96% from Charity Navigator, reflecting strong performance in both accountability and finance. The organization boasts a commendable percentage of independent board members and has received top scores for its financial oversight measures, ensuring transparency and responsible stewardship of funds. Their policies on conflicts of interest and whistleblowing are well-documented, enhancing their credibility.
Strengths of The Enterprise Center include a solid program expense ratio of 76.33%, indicating that a significant portion of its resources goes directly toward its mission-driven programs. The absence of material asset diversion and a favorable liabilities-to-assets ratio further underscore its financial health and integrity. The organization also meets key requirements for maintaining thorough documentation of board activities and financial practices.
While the data provides a positive overview of the organization’s operations, there are no noted limitations or areas of concern in the provided ratings. Overall, The Enterprise Center is positioned as a reliable nonprofit with robust governance and effective program execution.
This AI summary has been generated from information found on Charity Navigator.
Is The Enterprise Center legitimate?
The Enterprise Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Enterprise Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $337,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,265,548
For more financial information, click here
Official website here: www.theenterprisecenter.com
What is the mission statement of The Enterprise Center?
The Enterprise Center's mission is centered around fostering and financing entrepreneurial endeavors among minorities. This mission aims to inspire collaboration among these entrepreneurs, ultimately contributing to economic growth within communities. The organization provides essential technical assistance to these entrepreneurs, conducts entrepreneurial training classes, and supports the economic development of the surrounding community. Through these efforts, The Enterprise Center has served hundreds of individuals.
Official website here: www.theenterprisecenter.com
What is the revenue of The Enterprise Center?
The Enterprise Center's revenue in 2023 was $5,191,987.
Official website here: www.theenterprisecenter.com
Who are the executives of The Enterprise Center and what are their salaries?
The average compensation at The Enterprise Center during 2023 was $57,855. There are 45 employees and 40 volunteers at The Enterprise Center.
Here are 12 key members and their salaries:
- Compensation: $345,000
- Related: $0
- Other: $7,948
- Compensation: $127,500
- Related: $0
- Other: $12,125
- Compensation: $121,519
- Related: $0
- Other: $24,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $132,776
- Related: $0
- Other: $11,124
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theenterprisecenter.com
Where can I find the form 990 for The Enterprise Center?
The Enterprise Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theenterprisecenter.com
Learn more at the official website: www.theenterprisecenter.com
Mission Statement of The Enterprise Center
The Enterprise Center, as a mission-driven organization, is dedicated to fostering and financially backing minority entrepreneurs. Its primary objective is to inspire collaboration among these entrepreneurs, ultimately contributing to economic growth within communities. To achieve this, The Enterprise Center provides technical assistance to these entrepreneurs, conducts entrepreneurial training classes, and actively supports the economic development of the surrounding community. As a result, The Enterprise Center has served hundreds of individuals, playing a pivotal role in empowering minority entrepreneurs and driving community development.
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Impact
October, 2024
The Enterprise Center plays a vital role in fostering economic growth by focusing on the development of minority entrepreneurs. By providing technical assistance and conducting entrepreneurial training classes, it equips these individuals with essential skills and knowledge necessary for success in the business world. This initiative not only empowers entrepreneurs but also stimulates economic development in the surrounding Philadelphia community. With hundreds of people served, The Enterprise Center creates a ripple effect, inspiring collaboration and innovation that enhances the local economy and contributes to community improvement.
This information is meant to be a general summary of The Enterprise Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $167,080
- Program Service Revenue: $562,429
- Gross Receipts: $8,519,799
Assets and Liabilities:
- Total Assets: $20,988,925
- Total Liabilities: $993,099
- Net Assets: $19,995,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$423,347
CLIENT FEES
Revenue
$139,082
Organization Details
Founding Year
1989
Principal Officer
Della Clark
Website
www.theenterprisecenter.comNTEE Category
Code: S31Z - Community improvement
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