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Nonprofiteer
← EMERGING ENTERPRISE CENTER INC

Form 990 for tax year 2024

Filed by EMERGING ENTERPRISE CENTER INC.

Totals

Total revenue
$498,769
Total expenses
$486,753
Contributions and grants received
$261,000
Grants paid
$0
Program service revenue
$97,941
Investment income
$64
Other revenue
$139,764
Total assets, end of year
$1,454,874
Total liabilities, end of year
$749,067
Net assets or fund balances, end of year
$705,807
Program services expenses (Part IX)
$384,078
Management and general expenses
$81,338
Fundraising expenses
$21,337
Program service expenses (Part III)
$384,078

Program services were 78.9% 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)

    $250,000

  • 1f · All other contributions, gifts and grants

    $11,000

  • 2a · Program service revenue: PROGRAM FEES

    total $97,941 · related or exempt $97,941

  • 3 · Investment income

    total $64 · excluded $64

  • 6a · Gross rents

    real property $139,764

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $139,764

  • 6d · Net rental income or loss

    total $139,764 · related or exempt $139,764

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $89,473 · program services $80,525 · management and general $4,474 · fundraising $4,474

  • 8 · Pension plan contributions

    total $2,456 · program services $2,210 · management and general $123 · fundraising $123

  • 9 · Other employee benefits

    total $15,248 · program services $13,724 · management and general $762 · fundraising $762

  • 10 · Payroll taxes

    total $6,904 · program services $6,214 · management and general $345 · fundraising $345

  • 11a · Fees: management

    total $60,000 · management and general $60,000

  • 11c · Fees: accounting

    total $11,500 · program services $10,350 · management and general $575 · fundraising $575

  • 11g · Fees: other

    total $1,553 · program services $1,397 · management and general $78 · fundraising $78

  • 12 · Advertising and promotion

    total $487 · program services $439 · management and general $24 · fundraising $24

  • 13 · Office expenses

    total $5,434 · program services $4,890 · management and general $272 · fundraising $272

  • 14 · Information technology

    total $7,163 · program services $6,445 · management and general $361 · fundraising $357

  • 16 · Occupancy

    total $255,112 · program services $229,698 · management and general $12,653 · fundraising $12,761

  • 19 · Conferences, conventions and meetings

    total $5,434 · program services $4,890 · management and general $272 · fundraising $272

  • 22 · Depreciation, depletion and amortization

    total $4,998 · program services $4,498 · management and general $250 · fundraising $250

  • 23 · Insurance

    total $3,885 · program services $3,497 · management and general $194 · fundraising $194

  • 24a · Other expenses: MEMBER PROGRAMS

    total $13,500 · program services $12,150 · management and general $675 · fundraising $675

  • 24b · Other expenses: BANK FEES

    total $3,501 · program services $3,151 · management and general $175 · fundraising $175

  • 24e · All other expenses

    total $105 · management and general $105

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $796,314 · end of year $513,672

  • 4 · Accounts receivable

    beginning of year $5,340 · end of year $11,295

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

    $95,254

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

    $9,998

  • 10c · Land, buildings and equipment, net

    beginning of year $67,490 · end of year $85,256

  • 15 · Other assets

    beginning of year $875,390 · end of year $844,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,089 · end of year $4,846

  • 25 · Other liabilities

    beginning of year $988,654 · end of year $744,221

  • 27 · Net assets without donor restrictions

    beginning of year $450,636 · end of year $595,030

  • 28 · Net assets with donor restrictions

    beginning of year $243,155 · end of year $110,777

Mission and programs · 2024

Mission

SEE SCHEDULE OTO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.

Activities or mission (Part I)

TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.

  • THE EMERGING ENTERPRISE CENTER IS A BUSINESS INCUBATOR AND ACCELERATOR AS AN INITIATIVE OF NEW CASTLE COUNTY CHAMBER OF COMMERCE THAT OFFERS 5,000 SQUARE FEET OF AFFORDABLE OFFICE, CONFERENCE AND CO-WORKING SPACE, BUSINESS TRAINING, MENTORSHIP AND NETWORKING OPPORTUNITIES TO HELP START-UPS GROW AND SUCCEED.

    Expenses $384,078 · Revenue $237,705

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Yvonne Deadwyler

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    3

  • Tim Boulden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Kilian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Olazagasti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alexandra Parkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Schiltz

    DIRECTOR (UNTIL 06/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Stalter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
12 November 2025
IRS schema version
2024v5.2
Source object
202503189349316305

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