Overview
What is Council For Entrepreneurial Development?
The Council for Entrepreneurial Development (CED) is a nonprofit organization based in Research Triangle Park, North Carolina. Their strategic vision, as guided by the Board of Directors, focuses on connecting entrepreneurial companies with high-value resources to foster business growth. CED offers various programs, such as the GRO Incubator, which provides education to early-stage companies and founders, supported by successful entrepreneurs offering expertise and advice. Additionally, Venture Connect enables startup companies to access the resources necessary for growth. These initiatives culminate in year-round progress, facilitated by the direct support and guidance offered by the CED team. In 2022, the annual conference (Venture Connect) returned to an in-person format, hosting over 800 participants and offering education, networking opportunities, and connections. CED collaborates with over 400 partners in the business community, including startups, corporations, investors, and other individuals. Moreover, CED launched a Support Organization Network, aiming to foster collaboration among entities supporting entrepreneurs across the ecosystem. The organization also maintains partnerships with educational institutions to support business development and economic growth.
Official website here: www.cednc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Council for Entrepreneurial Development has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance practices with a fully independent board and comprehensive policies in place, such as conflict of interest and whistleblower policies. Additionally, there is no record of material diversion of assets, which is a positive indicator of its integrity.
While the program expense ratio is respectable at 66.34%, the fundraising efficiency ratio raises some concerns, with recent figures showing a cost of $0.012 to raise a dollar. This suggests that a significant portion of funds may be consumed by fundraising activities, potentially impacting the resources available for programmatic efforts. Despite this, the organization maintains a healthy liabilities to assets ratio and a strong working capital ratio, which indicates good financial stability.
Overall, the Council for Entrepreneurial Development displays many strengths in governance and financial practices, but it may need to address its fundraising efficiency to maximize the impact of its programs. This balance will be crucial for its ongoing effectiveness and the ability to serve its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Council For Entrepreneurial Development legitimate?
Council For Entrepreneurial Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council For Entrepreneurial Development 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: $191,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,003
For more financial information, click here
Official website here: www.cednc.org
What is the mission statement of Council For Entrepreneurial Development?
The Council for Entrepreneurial Development's mission is to facilitate the growth of entrepreneurial companies by connecting them with high-value resources such as education, mentoring, and capital connections/formations. This is achieved through various programs, including the GRO Incubator, which provides education for early-stage companies and founders, and Venture Connect, which enables startup companies to connect with necessary resources to grow. The annual conference, Venture Connect, offers education, connections, and networking opportunities, attracting over 800 participants. The Council engages over 400 partners in the business community, including startups, corporations, investors, and individuals. Additionally, a Support Organization Network has been launched to foster collaboration across the entrepreneurial ecosystem.
Official website here: www.cednc.org
Who is the CEO of Council For Entrepreneurial Development?
Kelly Rowell is the CEO of Council For Entrepreneurial Development The CEO's salary of Council For Entrepreneurial Development is $159,750 and their total compensation is $174,025.
Official website here: www.cednc.org
What is the revenue of Council For Entrepreneurial Development?
Council For Entrepreneurial Development's revenue in 2024 was $1,469,741.
Official website here: www.cednc.org
Who are the executives of Council For Entrepreneurial Development and what are their salaries?
The average compensation at Council For Entrepreneurial Development during 2024 was $48,996. There are 8 employees and 46 volunteers at Council For Entrepreneurial Development.
Here are 44 key members and their salaries (Council For Entrepreneurial Development's CEO's salary is $159,750 and their total compensation is $174,025):
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Official website here: www.cednc.org
Where can I find the form 990 for Council For Entrepreneurial Development?
Council For Entrepreneurial Development's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cednc.org
Learn more at the official website: www.cednc.org
Mission Statement of Council For Entrepreneurial Development
The Council for Entrepreneurial Development (CED) is dedicated to connecting entrepreneurial companies with high-value resources to accelerate business growth. Its mission is to bridge the gap between emerging businesses and vital resources such as education, mentoring, and capital connections/formation. By doing so, CED aims to foster the expansion of these companies, ultimately contributing to their success.
CED operates its non-profit programs in accordance with a strategic vision set by its Board of Directors. Among its initiatives, the GRO Incubator program provides education for early-stage companies and founders. This curriculum is supported by successful founders who offer their expertise and advice, guiding these entrepreneurs towards scalability. Another program, Venture Connect, enables startup companies to connect with the resources they require to grow. This is a culmination of the progress achieved through the support and guidance provided by the CED team directly to startups throughout the year.
The annual Venture Connect conference, which returned to an in-person format in 2022, hosts over 800 participants and offers education, connections, and networking opportunities. CED engages over 400 partners in the business community, including startups, corporations, investors, and other individuals. In addition, CED launched the Support Organization Network, an initiative aimed at bringing together entities that support entrepreneurs, fostering collaboration across the entire ecosystem.
In summary, the Council for Entrepreneurial Development (CED) is a non-profit organization dedicated to connecting entrepreneurial companies with resources to accelerate their growth. Through programs like the GRO Incubator and Venture Connect, CED offers education, mentoring, and networking opportunities to help startups thrive. By engaging partners in the business community and fostering collaboration, CED continues to support the growth and success of entrepreneurial companies.
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Impact
July, 2024
Council For Entrepreneurial Development plays a crucial role in accelerating the growth of entrepreneurial companies by providing high-value resources such as education, mentoring, and capital connections. Through programs like GRO Incubator and Venture Connect, CED facilitates the development of early-stage companies and enables startup companies to access the resources they need to thrive. The organization's annual conference, Venture Connect, serves as a platform for education, connections, and networking opportunities, benefiting over 800 participants.
CED's network of over 400 partners in the business community, including startups, corporates, investors, and other individuals, fosters collaboration across the entrepreneurial ecosystem. By maintaining partnerships with educational institutions, CED contributes to supporting business development and economic growth in the region. Their strategic vision, as guided by the Board of Directors, ensures that the organization continues to make a significant impact in enhancing the local entrepreneurial landscape and driving innovation and economic prosperity.
This information is meant to be a general summary of Council For Entrepreneurial Development. 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 2024.
- Investment Income: $16,959
- Program Service Revenue: $349,671
- Gross Receipts: $1,469,741
Assets and Liabilities:
- Total Assets: $4,234,725
- Total Liabilities: $409,018
- Net Assets: $3,825,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS, CONFERENC
Revenue
$349,671
Organization Details
Founding Year
1984
Principal Officer
Kelly Rowell
Website
www.cednc.orgNTEE Category
Code: S40Z - Community improvement
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