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← SMALL BUSINESS EMPOWERMENT CENTER

Form 990 for tax year 2024

Filed by SMALL BUSINESS EMPOWERMENT CENTER.

Totals

Total revenue
$3,153,711
Total expenses
$2,282,840
Contributions and grants received
$3,140,607
Grants paid
$515,000
Program service revenue
$12,500
Investment income
$28
Other revenue
$576
Total assets, end of year
$1,659,778
Total liabilities, end of year
$48,610
Net assets or fund balances, end of year
$1,611,168
Program services expenses (Part IX)
$1,990,613
Management and general expenses
$292,227
Fundraising expenses
$0
Program service expenses (Part III)
$1,990,613

Program services were 87.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $369,700

  • 1f · All other contributions, gifts and grants

    $2,770,907

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program service fees

    total $12,500 · related or exempt $12,500 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $28 · related or exempt $28 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Miscellaneous

    total $576 · related or exempt $576 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $576

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $515,000 · program services $515,000

  • 5 · Compensation of officers, directors and key employees

    total $215,000 · program services $172,000 · management and general $43,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $695,214 · program services $556,171 · management and general $139,043

  • 9 · Other employee benefits

    total $59,000 · program services $47,200 · management and general $11,800

  • 10 · Payroll taxes

    total $68,351 · program services $54,681 · management and general $13,670

  • 11a · Fees: management

    total $92,306 · program services $62,026 · management and general $30,280

  • 11b · Fees: legal

    total $19,366 · program services $15,493 · management and general $3,873

  • 11c · Fees: accounting

    total $10,000 · program services $8,000 · management and general $2,000

  • 11g · Fees: other

    total $341,673 · program services $341,673

  • 12 · Advertising and promotion

    total $19,802 · program services $15,842 · management and general $3,960

  • 13 · Office expenses

    total $21,238 · program services $16,991 · management and general $4,247

  • 14 · Information technology

    total $21,936 · program services $17,549 · management and general $4,387

  • 16 · Occupancy

    total $15,656 · program services $12,525 · management and general $3,131

  • 17 · Travel

    total $23,780 · program services $19,024 · management and general $4,756

  • 19 · Conferences, conventions and meetings

    total $31,947 · program services $25,558 · management and general $6,389

  • 20 · Interest

    total $0

  • 22 · Depreciation, depletion and amortization

    total $6,662 · management and general $6,662

  • 23 · Insurance

    total $3,574 · program services $2,859 · management and general $715

  • 24a · Other expenses: Entrepreneurship events

    total $36,251 · program services $29,001 · management and general $7,250 · fundraising $0

  • 24b · Other expenses: Bad debt expense

    total $32,153 · program services $25,722 · management and general $6,431 · fundraising $0

  • 24c · Other expenses: Assistance to small businesses

    total $50,768 · program services $50,768 · management and general $0 · fundraising $0

  • 24d · Other expenses: Memberships

    total $3,163 · program services $2,530 · management and general $633 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $791,336 · end of year $1,327,470

  • 3 · Pledges and grants receivable

    beginning of year $998,519 · end of year $319,500

  • 7 · Other notes and loans receivable

    beginning of year $32,616 · end of year $50

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,392 · end of year $3,115

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

    $20,682

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

    $11,039

  • 10c · Land, buildings and equipment, net

    beginning of year $14,219 · end of year $9,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,266 · end of year $48,610

  • 25 · Other liabilities

    beginning of year $73,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,738,816 · end of year $1,611,168

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The Small Business Empowerment Center (SBEC) is uniquely qualified to assist small businesses in the distressed areas of St. Louis County and St. Louis City. For 14 years the SBEC has worked in the Empowerment Zone (EZ) to help residents and entrepreneurs start and grow businesses in the urban core.

Activities or mission (Part I)

The Small Business Empowerment Center (SBEC) is uniquely qualified to assist small businesses in the distressed areas of St. Louis County and St. Louis City. For 15 years the SBEC has worked in the Empowerment Zone (EZ) to help residents and entrepreneurs start and grow businesses in the urban core. The EZ was a federally designated distressed area that gave economic development incentives - such as tax credits, loans and bonds to help relieve poverty in certain geographic regions of the country.

  • SBEC Program is designed to deliver up-to-date counseling, training and technical assistance in all aspects of small business management. SBEC services include, but are not limited to, assisting small businesses with financial, marketing, organization, and technical problems and feasibility studies.

    Expenses $1,990,613

  • n/a

As filed on the 2024 return.

Listed in Part VII

  • Kevin Wilson

    Program Director

    Total calculated
    $227,000
    From this org
    $215,000
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    $0
    Other
    $12,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $227,000

  • Reginald Scott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Stuckey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Denise Phillips

    Director

    Total calculated
    $0
    Hours/week
    1

  • Craig Higgins

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Henderson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Walker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alan Richter

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Mitchell Washington

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joe Frank

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2025
IRS schema version
2024v5.0
Source object
202501149349301995

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