Form 990 for tax year 2023
Filed by DAYTON-MIAMI VALLEY ENTREPRENEURS CENTER.
Totals
- Total revenue
- $7,117,047
- Total expenses
- $7,043,221
- Contributions and grants received
- $6,296,105
- Grants paid
- $0
- Program service revenue
- $785,692
- Investment income
- $22,324
- Other revenue
- $12,926
- Total assets, end of year
- $4,549,786
- Total liabilities, end of year
- $3,748,051
- Net assets or fund balances, end of year
- $801,735
- Program services expenses (Part IX)
- $6,074,872
- Management and general expenses
- $925,419
- Fundraising expenses
- $42,930
- Program service expenses (Part III)
- $6,074,872
Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$250
-
1e · Government grants (contributions)
$5,906,075
-
1f · All other contributions, gifts and grants
$389,780
-
2a · Program service revenue: CATALYST AND COLLABORA
total $635,692 · related or exempt $635,692
-
2b · Program service revenue: MANAGEMENT FEES
total $150,000 · related or exempt $150,000
-
3 · Investment income
total $22,324 · excluded $22,324
-
6a · Gross rents
real property $11,670
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $11,670
-
6d · Net rental income or loss
total $11,670 · related or exempt $11,670
-
11a · Other revenue: MISCELLANEOUS
total $1,256 · related or exempt $1,256
-
11e · Other revenue, total
$1,256
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $700,112 · program services $610,612 · management and general $85,025 · fundraising $4,475
-
7 · Other salaries and wages
total $1,505,593 · program services $1,313,122 · management and general $182,848 · fundraising $9,623
-
9 · Other employee benefits
total $200,113 · program services $174,531 · management and general $24,303 · fundraising $1,279
-
10 · Payroll taxes
total $156,432 · program services $136,434 · management and general $18,998 · fundraising $1,000
-
11c · Fees: accounting
total $278,565 · program services $244,754 · management and general $32,121 · fundraising $1,690
-
11g · Fees: other
total $8,249 · program services $7,248 · management and general $951 · fundraising $50
-
12 · Advertising and promotion
total $74,379 · program services $64,871 · management and general $9,033 · fundraising $475
-
13 · Office expenses
total $79,084 · program services $8,635 · management and general $70,415 · fundraising $34
-
16 · Occupancy
total $300,032 · program services $267,476 · management and general $30,928 · fundraising $1,628
-
17 · Travel
total $12,069 · program services $10,526 · management and general $1,466 · fundraising $77
-
22 · Depreciation, depletion and amortization
total $2,244 · program services $2,001 · management and general $231 · fundraising $12
-
23 · Insurance
total $4,212 · program services $3,755 · management and general $434 · fundraising $23
-
24a · Other expenses: CONTRACT LABOR
total $2,323,890 · program services $2,041,825 · management and general $267,962 · fundraising $14,103
-
24b · Other expenses: PROGRAM EXPENSE
total $1,300,122 · program services $1,142,318 · management and general $149,914 · fundraising $7,890
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $44,882 · management and general $44,882
-
24d · Other expenses: PUBLIC RELATIONS
total $36,500 · program services $32,070 · management and general $4,208 · fundraising $222
-
24e · All other expenses
total $16,743 · program services $14,694 · management and general $1,700 · fundraising $349
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $781,409 · end of year $772,173
-
3 · Pledges and grants receivable
beginning of year $687,059 · end of year $1,741,889
-
9 · Prepaid expenses and deferred charges
beginning of year $1,440 · end of year $7,629
-
10a · Land, buildings and equipment: cost or other basis
$235,852
-
10b · Land, buildings and equipment: accumulated depreciation
$232,434
-
10c · Land, buildings and equipment, net
beginning of year $5,662 · end of year $3,418
-
15 · Other assets
beginning of year $2,289,560 · end of year $2,024,677
-
17 · Accounts payable and accrued expenses
beginning of year $618,332 · end of year $964,872
-
19 · Deferred revenue
beginning of year $60,722 · end of year $84,167
-
25 · Other liabilities
beginning of year $2,358,167 · end of year $2,699,012
-
27 · Net assets without donor restrictions
beginning of year $727,909 · end of year $801,735
Mission and programs · 2023
Mission
THE CENTER WILL USE ITS RESOURCES FOR INFORMATION SHARING AND MEMBER ASSISTANCE TO INCUBATE NEW ENTREPRENEURS WHO ARE TRYING TO ESTABLISH A PRESENCE IN THE MARKETPLACE. THE CENTER WILL RESEARCH, IDENTIFY, TEACH AND DISSEMINATE THE CRITICAL SKILLS VALUES THAT ENABLE ENTREPRENEURS TO SUCCEED. THE CENTER WILL FOSTER ECONOMIC DEVELOPMENT AND MAINTAIN A NETWORK OF OTHER SUCCESSFUL TECHNOLOGY-BASED ENTREPRENEURS FOR SELF-HELP AND PEER SUPPORT IN THE NINE COUNTY REGION. THE CENTER WILL ENCOURAGE OTHERS TO SUPPORT ENTREPRENEURSHIP.
Activities or mission (Part I)
TO BE A CATALYST FOR STIMULATING ENTREPRENEURIAL LEADERSHIP FROM ALL SECTORS OF THE REGIONAL COMMUNITY & INCUBATE NEW TECHNOLOGY BASED BUSINESS.
-
THE CENTER USES RESOURCES FOR INFORMATION SHARING AND MEMBER ASSISTANCE TO INCUBATE MORE THAN 700 NEW ENTREPRENEURS TO STIMULATE EMPLOYMENT FOR THE SOCIAL WELFARE OF THE COMMUNITY.
Expenses $6,074,872 · Revenue $798,618
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott KoorndykSCOTT KOORNDYK
EC PRESIDENT
- Total calculated
- $304,599
- From this org
- $271,367
- From related orgs
- $0
- Other
- $33,232
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,067
- Bonus
- $24,300
- Other
- $0
- Deferred
- $11,072
- Nontaxable benefits
- $22,160
- Filer's total
- $304,599
-
Keith BowmanKEITH BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan BrownALAN BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erik CollinsERIK COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shelly DicksteinSHELLY DICKSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janelle ForbesJANELLE FORBES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amit GuptaAMIT GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ibrahim KatampeDR IBRAHIM KATAMPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr David KirschmanDR DAVID KIRSCHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea KunkANDREA KUNK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay NigroJAY NIGRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Lindsey ReiserDR LINDSEY REISER
DIRECTOR (JOINED 01/02/23)
- Total calculated
- $0
- Hours/week
- 1
-
Jay SchindlerJAY SCHINDLER
DIRECTOR (JOINED 01/02/23)
- Total calculated
- $0
- Hours/week
- 1
-
David SchoeffDAVID SCHOEFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sam WarwarSAM WARWAR
DIRECTOR (JOINED 01/02/23)
- Total calculated
- $0
- Hours/week
- 1
-
Vince LewisVINCE LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff MillerJEFF MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam MurkaADAM MURKA
DIRECTOR (LEFT 06/30/23)
- Total calculated
- $0
- Hours/week
- 1
-
Todd BollenbacherTODD BOLLENBACHER
DIRECTOR OF FINANCE
- Total calculated
- $0
- Hours/week
- 30
-
Craig JenningsCRAIG JENNINGS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Pat HoodPAT HOOD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mary KinsellaDR MARY KINSELLA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jeff KlankJEFF KLANK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Paul JacksonPAUL JACKSON
V.P OF STRATEGIC PROGRAMS
- Total calculated
- $228,544
- From this org
- $196,752
- From related orgs
- $0
- Other
- $31,792
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,252
- Bonus
- $2,500
- Other
- $0
- Deferred
- $8,100
- Nontaxable benefits
- $23,692
- Filer's total
- $228,544
-
Lauren TiffanLAUREN TIFFAN
PROGRAM DIRECTOR
- Total calculated
- $166,970
- From this org
- $160,000
- From related orgs
- $0
- Other
- $6,970
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,000
- Bonus
- $5,000
- Other
- $0
- Deferred
- $6,400
- Nontaxable benefits
- $570
- Filer's total
- $166,970
-
Kimberly FrazierKIMBERLY FRAZIER
DIRECTOR OF GROWTH INITIAT
- Total calculated
- $136,334
- From this org
- $122,275
- From related orgs
- $0
- Other
- $14,059
- Hours/week
- 40
-
Jordan RoeJORDAN ROE
DIRECTOR OF VENTURE DEVELOPMENT
- Total calculated
- $131,320
- From this org
- $103,799
- From related orgs
- $0
- Other
- $27,521
- Hours/week
- 40
-
Michael McCannMICHAEL MCCANN
VP OF INNOVATION AND ENGAGEMENT
- Total calculated
- $120,445
- From this org
- $115,250
- From related orgs
- $0
- Other
- $5,195
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442719349300309
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