Overview
What is The Enterprise Center Capital Corporation?
The Enterprise Center Capital Corporation, located in Philadelphia, Pennsylvania, is a nonprofit organization dedicated to providing financial and technical assistance to businesses within emerging markets. They focus on helping minority- and women-owned businesses, as well as those situated in urban low-income communities. Their mission is to offer debt and equity capital that businesses need to start, grow, and succeed. With a team of ten employees, they make a significant impact on the local business landscape.
Official website here: www.theenterprisecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (52%)
The Enterprise Center Capital Corporation has received a low rating of 52%, reflecting concerns primarily in financial accountability and transparency. While the charity excels in governance aspects, such as having a majority of independent board members and comprehensive policies in place, its overall financial performance indicators raise red flags. The organization's high liabilities to assets ratio and low program expense ratio indicate potential issues in resource allocation.
Despite having a well-structured board and robust policies for oversight, the charity's financial health suggests that it may not be effectively channeling funds towards its mission. The significant salaries of key personnel in contrast to the low percentage of program expenses could be viewed unfavorably by donors seeking impactful contributions.
Overall, while The Enterprise Center Capital Corporation demonstrates strengths in governance and accountability, its financial management and programmatic spending require significant improvement to enhance its rating and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Enterprise Center Capital Corporation?
94% of 27 reviewers on Facebook recommend The Enterprise Center Capital Corporation. Here is a summary of their reviews:
Many users express their gratitude for the support they received from the organization, highlighting the positive impact of the loans provided. One reviewer specifically mentioned the tremendous amount of assistance they received, indicating that the nonprofit not only fulfills its promises but also goes above and beyond in helping clients navigate their financial needs.
The overall sentiment is very positive, with individuals appreciating the services and support offered by The Enterprise Center Capital Corporation. Reviewers feel they are in good hands and value the commitment of the organization to aid their financial growth.
This AI summary has been generated from reviews found on Facebook.
Is The Enterprise Center Capital Corporation legitimate?
The Enterprise Center Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Enterprise Center Capital Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,236
For more financial information, click here
Official website here: www.theenterprisecenter.com
What is the mission statement of The Enterprise Center Capital Corporation?
The Enterprise Center Capital Corporation is dedicated to helping businesses access the capital they require to thrive and expand. Its mission encompasses providing both debt and equity financing to support businesses in their growth journey. The organization focuses on assisting enterprises in emerging markets, particularly those owned by minorities and women, and those situated in low-income urban communities. Through its financial and technical assistance, The Enterprise Center Capital Corporation plays a crucial role in fostering economic development and fostering business success.
Official website here: www.theenterprisecenter.com
Who is the CEO of The Enterprise Center Capital Corporation?
Della Clark is the Director of The Enterprise Center Capital Corporation.
Official website here: www.theenterprisecenter.com
What is the revenue of The Enterprise Center Capital Corporation?
The Enterprise Center Capital Corporation's revenue in 2022 was $13,256,073.
Official website here: www.theenterprisecenter.com
Who are the executives of The Enterprise Center Capital Corporation and what are their salaries?
The average compensation at The Enterprise Center Capital Corporation during 2022 was $32,124. There are 10 employees and 10 volunteers at The Enterprise Center Capital Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $347,500
- Other: $7,948
- Compensation: $25,000
- Related: $80,472
- Other: $0
Official website here: www.theenterprisecenter.com
Where can I find the form 990 for The Enterprise Center Capital Corporation?
The Enterprise Center Capital Corporation's most recent form 990 was submitted in 2022 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 Capital Corporation
The Enterprise Center Capital Corporation, a key player in the business world, is dedicated to providing the essential debt and equity capital that businesses require to thrive and expand. With a focus on emerging markets, this organization extends its support to businesses owned by women and minorities, as well as those situated within urban low-income communities.
By offering financial and technical assistance, The Enterprise Center Capital Corporation empowers businesses to grow and succeed. Their mission is twofold: to bridge the funding gap for businesses in need and to foster economic development. Through strategic investments, they help businesses overcome financial hurdles and reach new heights. By doing so, they contribute to the overall economic growth and stability of the communities they serve.
In essence, The Enterprise Center Capital Corporation functions as a catalyst for business growth. They provide crucial capital that enables businesses to start, expand, and ultimately succeed, thus contributing to the economic vitality of the communities they inhabit. This mission is not just about numbers and figures, but about empowering individuals and communities to reach their full potential.
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Impact
August, 2024
The Enterprise Center Capital Corporation's impact is significant in providing essential debt and equity capital to businesses in need of financial support to start, grow, and succeed. By offering both financial and technical assistance, they play a crucial role in supporting businesses within emerging markets, particularly minority- and women-owned businesses, as well as those located in urban low-income communities. Through their efforts, The Enterprise Center Capital Corporation contributes to community improvement by fostering entrepreneurship and economic development, ultimately creating opportunities for sustainable growth and prosperity in Philadelphia, Pennsylvania.
This information is meant to be a general summary of The Enterprise Center Capital Corporation. 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.
- Program Service Revenue: $10,954,276
- Gross Receipts: $13,256,073
Assets and Liabilities:
- Total Assets: $58,942,759
- Total Liabilities: $45,707,101
- Net Assets: $13,235,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT & SERVICE FEES
Revenue
$9,940,460
PROGRAM LOAN INTEREST
Revenue
$824,176
OTHER PROGRAM INCOME
Revenue
$189,640
Organization Details
Founding Year
2002
Phone
(215) 895-4026Principal Officer
Della Clark
Main Address
4548 MARKET STREET, PHILADELPHIA, PA, 19139
Website
www.theenterprisecenter.comNTEE Category
Code: S43 - Community improvement
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