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← ACADEMY FOR CREATING ENTERPRISE

Form 990 for tax year 2022

Filed by ACADEMY FOR CREATING ENTERPRISE.

Totals

Total revenue
$1,724,590
Total expenses
$2,036,527
Contributions and grants received
$1,719,997
Grants paid
$906,389
Program service revenue
$0
Investment income
$4,593
Other revenue
$0
Total assets, end of year
$4,780,795
Total liabilities, end of year
$109,804
Net assets or fund balances, end of year
$4,670,991
Program services expenses (Part IX)
$1,603,877
Management and general expenses
$74,228
Fundraising expenses
$358,422
Program service expenses (Part III)
$1,603,877

Program services were 78.8% 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.

  • 1f · All other contributions, gifts and grants

    $1,719,997

  • 3 · Investment income

    total $4,593 · excluded $4,593

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $906,389 · program services $906,389

  • 5 · Compensation of officers, directors and key employees

    total $132,889 · program services $79,553 · management and general $26,668 · fundraising $26,668

  • 7 · Other salaries and wages

    total $494,649 · program services $195,193 · management and general $37,785 · fundraising $261,671

  • 9 · Other employee benefits

    total $17,909 · program services $15,223 · management and general $537 · fundraising $2,149

  • 10 · Payroll taxes

    total $51,987 · program services $44,189 · management and general $1,560 · fundraising $6,238

  • 11c · Fees: accounting

    total $6,435 · program services $4,827 · management and general $708 · fundraising $900

  • 11g · Fees: other

    total $17,962 · program services $8,162 · management and general $717 · fundraising $9,083

  • 12 · Advertising and promotion

    total $26,720 · program services $9,094 · fundraising $17,626

  • 13 · Office expenses

    total $4,593 · program services $1,300 · management and general $169 · fundraising $3,124

  • 14 · Information technology

    total $210,531 · program services $207,963 · management and general $564 · fundraising $2,004

  • 16 · Occupancy

    total $12,328 · program services $6,281 · management and general $1,233 · fundraising $4,814

  • 17 · Travel

    total $124,563 · program services $112,001 · management and general $1,953 · fundraising $10,609

  • 24a · Other expenses: SUPPLIES

    total $14,833 · program services $9,758 · fundraising $5,075

  • 24b · Other expenses: OTHER

    total $14,739 · program services $3,944 · management and general $2,334 · fundraising $8,461

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,252 · end of year $201,837

  • 2 · Savings and temporary cash investments

    beginning of year $3,107,804 · end of year $3,447,954

  • 3 · Pledges and grants receivable

    end of year $1,123,926

  • 4 · Accounts receivable

    beginning of year $8,077 · end of year $4,068

  • 9 · Prepaid expenses and deferred charges

    end of year $3,010

  • 10c · Land, buildings and equipment, net

    beginning of year $58,201

  • 15 · Other assets

    beginning of year $1,596,649

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,017 · end of year $109,804

  • 27 · Net assets without donor restrictions

    beginning of year $5,131,966 · end of year $3,353,378

  • 28 · Net assets with donor restrictions

    end of year $1,317,613

Mission and programs · 2022

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. BY THE END OF 2022 A TOTAL OF 853 CHAPTERS WERE OPERATING WITH A TOTAL TRAINING SESSIONS FOR THAT YEAR REACHING 489 IN WHICH 34,377 STUDENTS WERE TRAINED. PROGRAM EXPENDITURES TOTALED 1,603,878 (906,389 DIRECT AND 697,489 INDIRECT) DOLLARS ON CHAPTER TRAINING AND SUPPORT, 79% OF OUR ANNUAL BUDGET. IN THE YEAR 2022, CHAPTER PROGRAMS OPERATED IN THE FOLLOWING COUNTRIES: THE PHILIPPINES, MEXICO, BRAZIL, PERU, VENEZUELA, BOLIVIA, ECUADOR, COLOMBIA, GHANA, ARGENTINA, PARAGUAY AND CHILE. THE FOLLOWING NUMBERS REPRESENT STATISTICS FOR THE YEAR 2022: START NOW TRAINING SESSIONS HELD - 470 CHAPTER MEMBERSHIP - 30,708 NEW INCOME GENERATING ACTIVITIES (NEW SMALL BUSINESSES) FORMED BY CHAPTER MEMBERS IN 2022 - 7,323 THE ANNUAL ACADEMY AWARDS IN EACH AREA (89,605 SPENT IN ALL AREAS) CELEBRATES THE ACHIEVEMENTS OF MEMBERS THROUGHOUT THE YEAR WEBINARS - 592 WEBINARS; 129,011 ATTENDEES THROUGHOUT THE YEAR

    Expenses $1,603,877 · Grants $906,389

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shaun Ritchie

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steven J Andersen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eric Louden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Swenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jolene Swenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephen W Gibson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Harbertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Layton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reyna Aburto

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Holmes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Heyn

    CEO

    Total calculated
    $135,953
    From this org
    $132,889
    From related orgs
    $0
    Other
    $3,064
    Hours/week
    40

  • Joseph Hansen

    DEVELOPMENT

    Total calculated
    $115,887
    From this org
    $112,932
    From related orgs
    $0
    Other
    $2,955
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202331369349300538

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