Form 990 for tax year 2024
Filed by CENTER FOR ENTREPRENEURIAL STUDIES.
Totals
- Total revenue
- $406,335
- Total expenses
- $372,229
- Contributions and grants received
- $352,837
- Grants paid
- $0
- Program service revenue
- $6,073
- Investment income
- $0
- Other revenue
- $47,425
- Total assets, end of year
- $163,715
- Total liabilities, end of year
- $180,068
- Net assets or fund balances, end of year
- -$16,353
- Program services expenses (Part IX)
- $212,829
- Management and general expenses
- $115,737
- Fundraising expenses
- $43,663
- Program service expenses (Part III)
- $212,829
Program services were 57.2% 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.
-
1e · Government grants (contributions)
$199,750
-
1f · All other contributions, gifts and grants
$153,087
-
1g · Noncash contributions included above
$50
-
2a · Program service revenue: CHANGEMAKER EVENT
total $6,073 · related or exempt $6,073
-
6a · Gross rents
real property $3,000
-
6c · Rental income or loss
real property $3,000
-
6d · Net rental income or loss
total $3,000 · excluded $3,000
-
10a · Gross sales of inventory
$117,145
-
10b · Cost of goods sold
$72,720
-
10c · Net income from sales of inventory
total $44,425 · related or exempt $44,425
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $81,550 · program services $27,183 · management and general $27,184 · fundraising $27,183
-
7 · Other salaries and wages
total $68,432 · program services $68,432
-
9 · Other employee benefits
total $11,436 · program services $11,436
-
10 · Payroll taxes
total $5,235 · program services $5,235
-
11b · Fees: legal
total $5,630 · management and general $5,630
-
11c · Fees: accounting
total $9,053 · management and general $9,053
-
11e · Fees: professional fundraising services
total $16,480 · fundraising $16,480
-
11g · Fees: other
total $33,970 · program services $5,839 · management and general $28,131
-
12 · Advertising and promotion
total $2,564 · management and general $2,564
-
14 · Information technology
total $4,822 · management and general $4,822
-
16 · Occupancy
total $47,449 · program services $47,449
-
20 · Interest
total $13,305 · management and general $13,305
-
22 · Depreciation, depletion and amortization
total $2,756 · program services $2,756
-
23 · Insurance
total $6,619 · management and general $6,619
-
24a · Other expenses: SUPPLIES
total $16,046 · program services $16,046
-
24b · Other expenses: REPAIRS & MAINT
total $13,349 · program services $13,349
-
24c · Other expenses: FEES, TAXES & LICENSES
total $10,475 · program services $684 · management and general $9,791
-
24d · Other expenses: COST OF GOODS SOLD
total $8,949 · program services $8,949
-
24e · All other expenses
total $14,109 · program services $5,471 · management and general $8,638
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,346 · end of year $12,280
-
2 · Savings and temporary cash investments
beginning of year $429 · end of year $429
-
7 · Other notes and loans receivable
end of year $620
-
8 · Inventories for sale or use
beginning of year $78,170 · end of year $83,085
-
10a · Land, buildings and equipment: cost or other basis
$75,268
-
10b · Land, buildings and equipment: accumulated depreciation
$7,967
-
10c · Land, buildings and equipment, net
beginning of year $56,901 · end of year $67,301
-
17 · Accounts payable and accrued expenses
end of year $5,098
-
19 · Deferred revenue
beginning of year $14 · end of year $14
-
22 · Loans and payables to officers and key people
beginning of year $47,648 · end of year $1,511
-
24 · Unsecured notes and loans payable
beginning of year $164,800 · end of year $173,445
-
31 · Retained earnings, endowment or other funds
beginning of year -$63,616 · end of year -$16,353
Mission and programs · 2024
Mission
TO EMPOWER AND EDUCATE YOUTH AND YOUNG ADULTS TO THRIVE AS ENTREPRENEURS AND COMMUNITY LEADERS. THROUGH BUSINESS EDUCATION, SKILLS DEVELOPMENT, MENTORSHIP, BUSINESS START-UPS, INTERNSHIPS, AND SOCIAL ENTERPRISES, WE WILL LEAD THE NEXT GENERATION IN GROWING WORKFORCE AND ECONOMIC DEVELOPMENT IN MAINE.
-
THE CES CHANGEMAKER PROGRAM SERVES YOUTH AND YOUNG ADULTS AGES 10-24, GUIDING RURAL MAINE PARTICIPANTS TOWARD CAREER AND ENTREPRENEURIAL OPPORTUNITIES. THE PROGRAM OFFERS HANDS-ON, ON-THE-JOB LEARNING AND BUSINESS EDUCATION. PARTICIPANTS ENGAGE IN PROFESSIONAL DEVELOPMENT AND WORK-BASED LEARNING EXPERIENCES, EITHER AS INTERNS GAINING VALUABLE WORK AND BUSINESS SKILLS OR AS BUDDING ENTREPRENEURS.
Expenses $212,829
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BONITA TOMPKINS
CEO
- Total calculated
- $81,550
- From this org
- $81,550
- From related orgs
- $0
- Other
- $0
- Hours/week
- 55
-
CLIFF WEBSTER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN ELLIS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY TOMPKINS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
AMANDA COOLONG
BOARD MEMBER
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513219349316726
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