Form 990-EZ for tax year 2023

Totals

Total revenue

$113,439

Total expenses

$86,888

Contributions and grants received

$1,105

Grants paid

— not reported

Program service revenue

$112,303

Membership dues (line 3)

— not reported

Investment income (line 4)

$1

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

$30

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$101,820

Total liabilities, end of year

$65,591

Net assets or fund balances, end of year

$36,229

Program service expenses (Part III)

$61,947

Program services were 71.3% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• OHIO MICRO BUSINESS DEVELOPMENT PROGRAM 2023 (OCDC): TRAINING AND TECHNICAL ASSISTANCE SERVICES: TRAINING AND HAVE INDIVIDUALS COMPLETE THAT TRAINING; AND EXPECTS TO PROVIDE TECHNICAL ASSISTANCE CONSULTATIONS, LEADING TO JOBS CREATED OR RETAINED, HELPING MICROBUSINESSES EXPAND, AND MICROBUSINESSES START.

  Expenses $14,988

• ACCELERATE COLUMBUS 2023 (CITY OF COLUMBUS): THE COLUMBUS COMPACT CORPORATION DBA COLUMBUS EMPOWERMENT CORPORATION ENGAGED IN A STRATEGIC ROLE WITHIN THE CITY OF COLUMBUS SMALL BUSINESS ECOSYSTEM AS AN ENTREPRENEUR SUPPORT ORGANIZATION IN IMPLEMENTING SCALE UP AND GROW PROGRAMMING TARGETING SMALL BUSINESSES. FOR ACCELERATE COLUMBUS 2023 WE ADMINISTERED SMALL BUSINESS AND ENTREPRENEUR TRAINING PROGRAMS SCALE UP AND GROW PROGRAMS TO BUSINESS OWNERS INCLUDING BUT NOT LIMITED TO THOSE LOCATED IN LOW TO MODERATE INCOME AREAS, FEMALES, PEOPLE OF COLOR, VETERANS AND THOSE IDENTIFYING AS LGTBQ+. OUR PROGRAMS WERE FOCUSED ON FOOD RELATED AND TRADITION (MAIN STREET) ENTERPRISES.

  Expenses $40,099

• DOWNTOWN GROUND FLOOR INITIATIVE 2023/2025 (CITY OF COLUMBUS): COLUMBUS EMPOWERMENT CORPORATION SHALL BE RESPONSIBLE FOR HELPING TO IDENTIFY BUSINESSES FOR THE PROGRAM AND ASSISTING THEM WITH THE APPLICATION AND PROGRAM PARTICIPATION. COLUMBUS EMPOWERMENT CORPORATION SHALL PROVIDE BUSINESS CONSULTING SERVICES FOR ALL OF THE PARTICIPANTS AS WELL AS UP TO FORTY EXISTING BUSINESSES DOWNTOWN.

  Expenses $6,860

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

8 March 2024

IRS schema version

2023v4.0

Source object

202440719349201259

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