Form 990 for tax year 2025
Filed by ACADEMY FOR CREATING ENTERPRISE.
Totals
- Total revenue
- $2,288,182
- Total expenses
- $2,983,401
- Contributions and grants received
- $2,167,330
- Grants paid
- $1,877,511
- Program service revenue
- $0
- Investment income
- $115,780
- Other revenue
- $5,072
- Total assets, end of year
- $6,568,989
- Total liabilities, end of year
- $3,840,280
- Net assets or fund balances, end of year
- $2,728,709
- Program services expenses (Part IX)
- $2,428,251
- Management and general expenses
- $202,000
- Fundraising expenses
- $353,150
- Program service expenses (Part III)
- $2,428,251
Program services were 81.4% 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.
-
1f · All other contributions, gifts and grants
$2,167,330
-
1g · Noncash contributions included above
$73,996
-
3 · Investment income
total $117,455 · excluded $117,455
-
7a · Gross sales of assets other than inventory
securities $39,211
-
7b · Less cost or other basis and sales expenses
securities $40,886
-
7c · Gain or loss
securities -$1,675
-
7d · Net gain or loss
total -$1,675 · excluded -$1,675
-
8a · Fundraising events: gross income
$25,000
-
8b · Fundraising events: direct expenses
$19,928
-
8c · Net income from fundraising events
total $5,072 · excluded $5,072
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,877,511 · program services $1,877,511
-
5 · Compensation of officers, directors and key employees
total $306,043 · program services $183,627 · management and general $61,208 · fundraising $61,208
-
7 · Other salaries and wages
total $232,436 · program services $71,081 · management and general $38,660 · fundraising $122,695
-
9 · Other employee benefits
total $29,470 · program services $17,682 · management and general $2,358 · fundraising $9,430
-
10 · Payroll taxes
total $41,146 · program services $24,687 · management and general $3,292 · fundraising $13,167
-
11b · Fees: legal
total $400 · management and general $400
-
11c · Fees: accounting
total $16,614 · management and general $16,614
-
11f · Fees: investment management
total $761 · management and general $761
-
11g · Fees: other
total $168,311 · program services $63,998 · management and general $6,470 · fundraising $97,843
-
12 · Advertising and promotion
total $79,350 · program services $2 · management and general $59,401 · fundraising $19,947
-
13 · Office expenses
total $1,514 · program services $315 · management and general $274 · fundraising $925
-
14 · Information technology
total $114,195 · program services $102,532 · management and general $2,664 · fundraising $8,999
-
16 · Occupancy
total $1,400 · management and general $1,400
-
17 · Travel
total $74,625 · program services $64,686 · management and general $488 · fundraising $9,451
-
23 · Insurance
total $1,275 · program services $1,275
-
24a · Other expenses: Supplies
total $19,370 · program services $18,058 · fundraising $1,312
-
24b · Other expenses: Other
total $18,980 · program services $2,797 · management and general $8,010 · fundraising $8,173
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $127,972 · end of year $100,177
-
2 · Savings and temporary cash investments
beginning of year $2,609,147 · end of year $2,025,154
-
3 · Pledges and grants receivable
beginning of year $734,922 · end of year $349,149
-
4 · Accounts receivable
beginning of year $638 · end of year $569
-
7 · Other notes and loans receivable
end of year $2,938,341
-
9 · Prepaid expenses and deferred charges
beginning of year $1,150 · end of year $92,818
-
11 · Investments: publicly traded securities
end of year $1,062,781
-
17 · Accounts payable and accrued expenses
beginning of year $49,901 · end of year $29,267
-
25 · Other liabilities
beginning of year $0 · end of year $3,811,013
-
27 · Net assets without donor restrictions
beginning of year $2,599,599 · end of year $1,351,659
-
28 · Net assets with donor restrictions
beginning of year $824,329 · end of year $1,377,050
Mission and programs · 2025
Mission
We ignite the entrepreneurial mindset in faith-driven people through training and support to create more abundant lives.
-
Grants were given to international programs who utilized member groups (called "Chapters") to facilitate all activity needed to assist members in their journey to become financially independent. In 2025, 22,562 participants attended a training led by in-country staff. Participants become members of a local chapter where they receive ongoing training and mentoring. Chapters are led by local volunteers who are trained to provide that mentoring during monthly meetings and visits to individual member businesses. By the end of 2025 a total of 1,220 Chapters existed in which an average of 24,607 graduates participated monthly. The Chapter trainings and mentoring efforts helped participants form 12,174 new businesses (Income Generating Activities). Program expenditures represented 81% of our annual budget.In 2025, chapter programs operated in the following countries: the Philippines, Mexico, Brazil, Peru, Venezuela, Bolivia, Ecuador, Colombia, Ghana, Nigeria, Sierra Leone, Argentina, Paraguay, Uruguay, Chile, Guatemala and Honduras. The following numbers represent statistics for the year 2025:In-Country Staff provided:* Start Now training sessions - 665* Grow Now training sessions - 55* Residential training sessions - 5Active Chapter membership - 24,607 * Chapter Presidency trainings - 5.069New Income Generating Activities (new small businesses) formed by chapter members in 2025 - 12,174The Annual Academy Awards in each Area ($64,783 spent in all areas) celebrated the achievements of members throughout the year.The Academy partnered with the Light the World Campaign (Giving Machines) in distributing over $500,000 of gifts and training purchased by individual donors to over 1,300 business owners to help them grow their businesses.
Expenses $2,428,251 · Grants $1,877,511
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Eric Louden
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Lyle Cricket Parry
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Joe Jolene Swenson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Shaun Ritchie
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brian Louise Murphy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Stephen W Gibson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tanner Milne
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Katie Ritchie
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Thompsen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rex Hale
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rich Andrus
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert Heyn
Executive Director
- Total calculated
- $173,410
- From this org
- $172,302
- From related orgs
- $0
- Other
- $1,108
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,302
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $1,108
- Filer's total
- $173,410
-
Cameron Crowther
President
- Total calculated
- $145,329
- From this org
- $133,741
- From related orgs
- $0
- Other
- $11,588
- 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 · 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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Academy for Creating Enterprise Endowment
501(c)(3) · Supporting Academy for Creating Enterprise · UT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 23 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601389349301530
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.