Overview
What is Entrepreneur Works Fund?
Entrepreneur Works Fund is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 400 Market Street. Their primary objective is to empower underserved entrepreneurs and small businesses predominantly operating in distressed communities within the Greater Philadelphia region. They achieve this by offering microloans, business training, and various support services. The goal is to create opportunities for talented but underrepresented entrepreneurs, thereby contributing to the economic growth of the region.
Official website here: www.myentrepreneurworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Entrepreneur Works Fund has achieved a high level of accountability and financial health, reflected in its impressive 96% score from Charity Navigator. This rating indicates a strong commitment to transparency and responsible financial management, with 100% of its board members being independent and a solid audit score. The organization has demonstrated excellent practices, such as listing essential policies and maintaining detailed meeting minutes, contributing to its reputation as a reliable nonprofit.
User feedback from Great Nonprofits highlights the positive impact Entrepreneur Works has on the local community. A reviewer praised the organization as a key player in Philadelphia, noting its dedication to helping individuals launch and support small businesses. This community-oriented approach reinforces the organization's mission and underscores its valuable services to aspiring entrepreneurs in the area.
While the data reflects strong performance in governance and financial management, continuous engagement with the community and beneficiaries remains essential. As the organization grows, maintaining this level of support and outreach will be crucial in furthering its mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Entrepreneur Works Fund legitimate?
Entrepreneur Works Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Entrepreneur Works Fund 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: $220,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.myentrepreneurworks.org
What is the mission statement of Entrepreneur Works Fund?
The Entrepreneur Works Fund, abbreviated as EWF, aims to create opportunities for talented yet underserved entrepreneurs by offering them small business loans, training, advice, and related business support services. The organization's mission is to empower these entrepreneurs, primarily operating in distressed communities, to grow and thrive in their ventures. EWF provides a comprehensive approach to business support, helping entrepreneurs navigate the challenges they face and fostering an environment of growth and success.
Official website here: www.myentrepreneurworks.org
Who is the CEO of Entrepreneur Works Fund?
Leslie Benoliel is the President & Ceo of Entrepreneur Works Fund. The CEO's salary of Entrepreneur Works Fund is $0 and their total compensation is $68,923.
Official website here: www.myentrepreneurworks.org
What is the revenue of Entrepreneur Works Fund?
Entrepreneur Works Fund's revenue in 2022 was $966,963.
Official website here: www.myentrepreneurworks.org
Who are the executives of Entrepreneur Works Fund and what are their salaries?
Here are 21 key members and their salaries (Entrepreneur Works Fund's CEO's salary is $0 and their total compensation is $68,923):
- Compensation: $0
- Related: $68,923
- Other: $0
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- Related: $73,871
- Other: $0
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- Related: $77,840
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- Related: $18,601
- Other: $0
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- Other: $0
Official website here: www.myentrepreneurworks.org
Where can I find the form 990 for Entrepreneur Works Fund?
Entrepreneur Works Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myentrepreneurworks.org
Learn more at the official website: www.myentrepreneurworks.org
Mission Statement of Entrepreneur Works Fund
Entrepreneur Works Fund, abbreviated as EWF, is dedicated to creating pathways of opportunity for underprivileged entrepreneurs in the Greater Philadelphia region. The organization accomplishes this by offering small business loans, training, advice, and related business support services. EWF's mission is to identify and empower talented individuals who, despite their potential, may be overlooked due to their socio-economic backgrounds. By providing these resources, EWF aims to foster the growth of small businesses, predominantly in distressed communities within the Greater Philadelphia region.
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Impact
October, 2024
Entrepreneur Works Fund significantly impacts the Greater Philadelphia region by empowering talented yet underserved entrepreneurs. By offering small business loans, training, advice, and essential support services, EWF creates pathways of opportunity that foster economic growth and community improvement. The organization specifically targets underserved entrepreneurs and small businesses operating in distressed communities, addressing systemic barriers to access funding and resources. This support not only helps individual businesses thrive but also contributes to the revitalization of neighborhoods, creating jobs and stimulating local economies. EWF's approach ensures that diverse voices are represented in the entrepreneurial landscape, ultimately strengthening the community as a whole.
This information is meant to be a general summary of Entrepreneur Works Fund. 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 2022.
- Investment Income: $4,200
- Program Service Revenue: $17,074
- Gross Receipts: $966,963
Assets and Liabilities:
- Total Assets: $2,669,929
- Total Liabilities: $794,138
- Net Assets: $1,875,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$8,619
LOAN & OTHER FEES
Revenue
$4,419
CONTRACT INCOME
Revenue
$2,088
PROGRAM SUPPORT
Revenue
$1,948
Organization Details
Founding Year
1998
Phone
(215) 545-3100Principal Officer
Leslie Benoliel
Main Address
400 MARKET STREET, PHILADELPHIA, PA, 19106
Website
www.myentrepreneurworks.orgNTEE Category
Code: S31 - Community improvement
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