Overview
What is Emerging Enterprise Center Inc?
Emerging Enterprise Center Inc, located in Wilmington, Delaware, is a dedicated nonprofit organization. Its primary mission is to boost the prospects of individuals starting new businesses. They achieve this by offering an extensive education and skill development program, providing support, advice, and access. This comprehensive approach aims to help entrepreneurs establish sustainable business models, thereby significantly contributing to the social mission of enhancing the overall economic health of their region.
Official website here: www.eecincubator.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Emerging Enterprise Center Inc has received an 84% rating from Charity Navigator, which indicates a solid performance in accountability and finance. With an Accountability & Finance Score of 84, the organization shows a commitment to transparency and responsible management of funds. Notably, the program expense ratio stands at an impressive 88.85%, suggesting that a significant portion of their expenses is directed toward their mission-related programs.
The organization also benefits from a majority of independent board members, with 83% maintaining independence, which enhances governance and oversight. They have strong policies in place regarding conflict of interest, whistleblower protections, and document retention, all of which contribute positively to their operational integrity. Furthermore, the financial statements are well-audited, receiving full points in that area.
However, there are areas for improvement, particularly concerning transparency in financial reporting. The organization has not posted its tax forms on their website, resulting in a zero score in that category. Additionally, the liabilities to assets ratio at 65.54% indicates a moderate level of financial risk that potential donors may want to consider. Overall, while Emerging Enterprise Center Inc demonstrates strong governance and program impact, enhancing their financial transparency could further strengthen their standing.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Emerging Enterprise Center Inc?
100% of reviewers on Facebook recommend Emerging Enterprise Center Inc based on 6 reviews. Here's a summary of what people have to say:
The consensus is overwhelmingly positive, with users highlighting the organization as an exceptional resource for startups, particularly those looking to enter the U.S. market. Many appreciate the expertise and professionalism of the team, noting their extensive knowledge in business development.
Overall, it appears that the Emerging Enterprise Center Inc successfully supports entrepreneurs, offering valuable assistance and guidance to help them launch their companies effectively.
This AI summary has been generated from reviews found on Facebook.
Is Emerging Enterprise Center Inc legitimate?
Emerging Enterprise Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Emerging Enterprise Center Inc 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: $90,077
For more financial information, click here
Official website here: www.eecincubator.com
What is the mission statement of Emerging Enterprise Center Inc?
The mission of Emerging Enterprise Center Inc is focused on enhancing the chances of success for individuals starting new businesses. They achieve this by facilitating their education and business skill development through a comprehensive program of support, advice, and access. The goal is for these entrepreneurs to graduate with sustainable business models, enabling them to significantly contribute to the social mission of improving the overall economic health of the region.
Official website here: www.eecincubator.com
Who is the CEO of Emerging Enterprise Center Inc?
Bob Chadwick is the President of Emerging Enterprise Center Inc.
Official website here: www.eecincubator.com
What is the revenue of Emerging Enterprise Center Inc?
Emerging Enterprise Center Inc's revenue in 2022 was $780,144.
Official website here: www.eecincubator.com
Who are the executives of Emerging Enterprise Center Inc and what are their salaries?
There 6 volunteers at Emerging Enterprise Center Inc.
Here are 6 key members and their salaries:
- Compensation: $175,239
- Related: $0
- Other: $5,257
- 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.eecincubator.com
Where can I find the form 990 for Emerging Enterprise Center Inc?
Emerging Enterprise Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eecincubator.com
Learn more at the official website: www.eecincubator.com
Mission Statement of Emerging Enterprise Center Inc
Emerging Enterprise Center Inc is committed to enhancing the chances of success for individuals starting new businesses. Their mission is achieved by facilitating the education and development of business skills through a comprehensive program of support, advice, and access. This program is designed to help these entrepreneurs graduate with a sustainable business model, enabling them to significantly contribute to the social mission of improving the overall economic health of the region. By doing so, Emerging Enterprise Center Inc plays a crucial role in fostering business growth and economic development in the community.
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Impact
October, 2024
Emerging Enterprise Center Inc significantly impacts new business development, particularly in Wilmington, DE, by enhancing the chances of success for aspiring entrepreneurs. Through a comprehensive program focused on education and business skill development, it provides essential support, advice, and resources. Participants graduate equipped with sustainable business models, enabling them to contribute meaningfully to the local economy.
The center’s emphasis on skill development and access to resources not only empowers individuals but also fosters community improvement. By helping new businesses thrive, Emerging Enterprise Center Inc plays a crucial role in improving the overall economic health of the region, creating jobs, and stimulating local growth. The ripple effect of its initiatives strengthens the community, ultimately leading to a more vibrant and resilient economic landscape.
This information is meant to be a general summary of Emerging Enterprise Center Inc. 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: $55
- Program Service Revenue: $80,550
- Gross Receipts: $780,144
Assets and Liabilities:
- Total Assets: $1,965,516
- Total Liabilities: $1,288,377
- Net Assets: $677,139
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$80,550
Organization Details
Founding Year
2013
Phone
(302) 737-4343Principal Officer
Bob Chadwick
Main Address
900-920 JUSTISON STREET, WILMINGTON, DE, 19801
Website
www.eecincubator.comNTEE Category
Code: S19 - Community improvement
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