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Nonprofiteer
← ENTERPRISE CENTER CAPITAL CORPORATION

Form 990 for tax year 2023

Filed by ENTERPRISE CENTER CAPITAL CORPORATION.

Totals

Total revenue
$1,918,836
Total expenses
$1,283,265
Contributions and grants received
$618,488
Grants paid
$0
Program service revenue
$813,579
Investment income
$486,769
Other revenue
$0
Total assets, end of year
$43,706,038
Total liabilities, end of year
$28,685,930
Net assets or fund balances, end of year
$15,020,108
Program services expenses (Part IX)
$831,074
Management and general expenses
$452,191
Fundraising expenses
$0
Program service expenses (Part III)
$831,074

Program services were 64.8% 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.

  • 1e · Government grants (contributions)

    $618,488

  • 2a · Program service revenue: PROGRAM LOAN INTEREST

    total $682,669 · related or exempt $682,669

  • 2b · Program service revenue: CLIENT & SERVICE FEES

    total $97,532 · related or exempt $97,532

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $33,378 · related or exempt $33,378

  • 3 · Investment income

    total $486,769 · excluded $486,769

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $522,757 · program services $404,249 · management and general $118,508

  • 9 · Other employee benefits

    total $32,843 · program services $25,397 · management and general $7,446

  • 10 · Payroll taxes

    total $39,464 · program services $30,517 · management and general $8,947

  • 11b · Fees: legal

    total $9,617 · program services $7,437 · management and general $2,180

  • 11c · Fees: accounting

    total $144,419 · program services $111,679 · management and general $32,740

  • 11g · Fees: other

    total $75,504 · program services $58,387 · management and general $17,117

  • 13 · Office expenses

    total $102 · program services $102

  • 14 · Information technology

    total $5,600 · program services $4,330 · management and general $1,270

  • 16 · Occupancy

    total $4,752 · program services $3,675 · management and general $1,077

  • 19 · Conferences, conventions and meetings

    total $5,126 · program services $3,964 · management and general $1,162

  • 20 · Interest

    total $197,501 · program services $152,728 · management and general $44,773

  • 22 · Depreciation, depletion and amortization

    total $3,090 · program services $2,390 · management and general $700

  • 23 · Insurance

    total $5,176 · program services $4,003 · management and general $1,173

  • 24a · Other expenses: BAD DEBT

    total $207,433 · management and general $207,433

  • 24b · Other expenses: LICENSE, MEMBERSHIP, PE

    total $28,344 · program services $21,027 · management and general $7,317

  • 24c · Other expenses: MISCELLANEOUS

    total $1,537 · program services $1,189 · management and general $348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,177,258 · end of year $28,658

  • 2 · Savings and temporary cash investments

    beginning of year $1,454,225 · end of year $470,760

  • 3 · Pledges and grants receivable

    beginning of year $163,230 · end of year $170,518

  • 7 · Other notes and loans receivable

    beginning of year $6,093,743 · end of year $6,396,198

  • 10a · Land, buildings and equipment: cost or other basis

    $39,898

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,736

  • 10c · Land, buildings and equipment, net

    beginning of year $34,251 · end of year $31,162

  • 12 · Investments: other securities

    beginning of year $250,000 · end of year $950,000

  • 15 · Other assets

    beginning of year $37,222,177 · end of year $35,658,742

  • 17 · Accounts payable and accrued expenses

    beginning of year $198,723 · end of year $196,674

  • 23 · Secured mortgages and notes payable

    beginning of year $9,022,773 · end of year $9,552,794

  • 25 · Other liabilities

    beginning of year $25,788,851 · end of year $18,936,462

  • 27 · Net assets without donor restrictions

    beginning of year $14,384,537 · end of year $14,886,494

  • 28 · Net assets with donor restrictions

    end of year $133,614

Mission and programs · 2023

Mission

THE ENTERPRISE CENTER CAPITAL CORPORATION'S MISSION IS TO PROVIDE DEBT AND EQUITY CAPITAL THAT BUSINESSES NEED TO START, GROW AND SUCCEED.

  • PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO BUSINESSES WITHIN EMERGING MARKETS, INCLUDING MINORITY - AND WOMEN - OWNED BUSINESS, AND THOSE LOCATED WITHIN URBAN LOW-INCOME COMMUNITIES.

    Expenses $831,074 · Revenue $813,579

As filed on the 2023 return.

Listed in Part VII

  • Della Clark

    PRESIDENT

    Total calculated
    $307,948
    From this org
    $0
    From related orgs
    $300,000
    Other
    $7,948
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,948 related
    Filer's total
    $0 + $307,948 related

  • Harold Glass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Cherry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ian Lawrence

    SENIOR CAPITAL DIRECTOR

    Total calculated
    $130,925
    From this org
    $129,095
    From related orgs
    $0
    Other
    $1,830
    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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
ALL SENIOR MANAGEMENT COMPENSATION IS PAID THROUGH A RELATED ORGANIZATION. VOLUNTEER BOARD MEMBERS WHO ARE INDEPENDENT EVALUATE THE SENIOR MANAGEMENT'S COMPENSATION AS REQUIRED. MANY BOARD MEMBERS SIT ON VARIOUS BOARDS AND ARE FAMILIAR WITH FAIR COMPENSATION FOR A NON-PROFIT EXECUTIVE AND IT IS MODERATE TO LOW. ALL COMPENSATION IS EVALUATED BY MANAGEMENT AND THE FINANCE COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541349349307864

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