Overview
What is Anacostia Entrepreneurship Center Inc?
Anacostia Entrepreneurship Center Inc, located in Washington D.C., is a nonprofit organization dedicated to supporting small businesses, nonprofits, and social enterprises within the Ward 8 community. They offer affordable commercial, retail, and community meeting spaces through their retail store fronts, co-working facility called "The Hive," and Black Box Theater. The center plays a significant role in celebrating and fostering the growth of minority-owned businesses, including artists, by organizing events and convenings. The primary mission of Anacostia Entrepreneurship Center Inc is to support the functions and purposes of the Washington Area Community Investment Fund, Inc. (WACIF).
Is Anacostia Entrepreneurship Center Inc legitimate?
Anacostia Entrepreneurship Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anacostia Entrepreneurship 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: $175,190
For more financial information, click here
What is the mission statement of Anacostia Entrepreneurship Center Inc?
The Anacostia Entrepreneurship Center Inc's mission is to fully support and execute the objectives of the Washington Area Community Investment Fund, Inc. (WACIF). In essence, the center provides essential aid to small businesses, non-profit organizations, and social enterprises by offering affordable commercial, retail, and community meeting spaces to over 80 businesses in a specific community. The center also hosts events to celebrate and support minority-owned businesses, including artists, within its facilities.
Who is the CEO of Anacostia Entrepreneurship Center Inc?
Brendon Miller is the Director, Ceo Of Wacif of Anacostia Entrepreneurship Center Inc. The CEO's salary of Anacostia Entrepreneurship Center Inc is $0 and their total compensation is $201,414.
What is the revenue of Anacostia Entrepreneurship Center Inc?
Anacostia Entrepreneurship Center Inc's revenue in 2022 was $454,676.
Who are the executives of Anacostia Entrepreneurship Center Inc and what are their salaries?
There 3 volunteers at Anacostia Entrepreneurship Center Inc.
Here are 3 key members and their salaries (Anacostia Entrepreneurship Center Inc's CEO's salary is $0 and their total compensation is $201,414):
- Compensation: $0
- Related: $187,359
- Other: $14,055
- Compensation: $0
- Related: $153,685
- Other: $23,668
- Compensation: $0
- Related: $91,694
- Other: $10,027
Where can I find the form 990 for Anacostia Entrepreneurship Center Inc?
Anacostia Entrepreneurship Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anacostia Entrepreneurship Center Inc
Anacostia Entrepreneurship Center Inc, with a mission to support the functions and purposes of the Washington Area Community Investment Fund, Inc. (WACIF), strives to provide comprehensive assistance to small businesses, nonprofits, and social enterprises. The center achieves this by offering affordable commercial, retail, and community meeting spaces to over 80 small businesses within Washington, D.C.'s Ward 8 community. This is accomplished through various facilities such as its retail storefronts, the "Hive" coworking facility, and the Black Box Theater.
In addition to providing physical spaces, Anacostia Entrepreneurship Center Inc also hosts events and convenings in support and celebration of minority-owned businesses, including artists. By offering these resources, the center aims to foster the growth and success of these businesses, contributing to the overall economic development of the community. In essence, the Anacostia Entrepreneurship Center Inc serves as a catalyst, providing the necessary infrastructure and support for small businesses to thrive, ultimately contributing to the broader economic and social fabric of its community.
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Impact
October, 2024
Anacostia Entrepreneurship Center Inc plays a vital role in fostering small business growth and community engagement in Washington, D.C.'s Ward 8. By offering affordable commercial and retail space, the Center supports over 80 small businesses and social enterprises, contributing significantly to the local economy and employment opportunities. Its facilities, including retail store fronts, "The Hive" co-working space, and the Black Box Theater, serve as hubs for innovation, collaboration, and creativity.
The Center also actively promotes minority-owned businesses and artists through various convenings and events, creating a vibrant community atmosphere that celebrates diversity and entrepreneurship. Through these efforts, Anacostia Entrepreneurship Center Inc enhances community improvement, bolsters economic resilience, and empowers local entrepreneurs to thrive.
This information is meant to be a general summary of Anacostia Entrepreneurship 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.
- Program Service Revenue: $405,963
- Gross Receipts: $454,676
Assets and Liabilities:
- Total Assets: $115,753
- Total Liabilities: $74,011
- Net Assets: $41,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$384,311
ADMIN. SERVICE FEES
Revenue
$21,652
Organization Details
Founding Year
2021
Phone
(202) 529-5505Principal Officer
Brendon Miller
Main Address
2012 RHODE ISLAND AVENUE NE, WASHINGTON, DC, 20018
NTEE Category
Code: S43 - Community improvement
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