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Nonprofiteer
← EMERGING ENTERPRISE CENTER INC

Form 990 for tax year 2022

Filed by EMERGING ENTERPRISE CENTER INC.

Totals

Total revenue
$780,144
Total expenses
$457,131
Contributions and grants received
$566,519
Grants paid
$0
Program service revenue
$80,550
Investment income
$55
Other revenue
$133,020
Total assets, end of year
$1,965,516
Total liabilities, end of year
$1,288,377
Net assets or fund balances, end of year
$677,139
Program services expenses (Part IX)
$368,465
Management and general expenses
$69,358
Fundraising expenses
$19,308
Program service expenses (Part III)
$368,465

Program services were 80.6% 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)

    $506,032

  • 1f · All other contributions, gifts and grants

    $60,487

  • 2a · Program service revenue: SERVICE FEES

    total $80,550 · related or exempt $80,550

  • 3 · Investment income

    total $55 · excluded $55

  • 6a · Gross rents

    real property $133,020

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $133,020

  • 6d · Net rental income or loss

    total $133,020 · related or exempt $133,020

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $90,077 · program services $81,068 · management and general $4,505 · fundraising $4,504

  • 9 · Other employee benefits

    total $8,928 · program services $8,036 · management and general $446 · fundraising $446

  • 10 · Payroll taxes

    total $6,874 · program services $6,186 · management and general $344 · fundraising $344

  • 11a · Fees: management

    total $50,000 · management and general $50,000

  • 11c · Fees: accounting

    total $11,151 · program services $10,035 · management and general $558 · fundraising $558

  • 11g · Fees: other

    total $5,767 · program services $5,191 · management and general $288 · fundraising $288

  • 12 · Advertising and promotion

    total $941 · program services $800 · management and general $94 · fundraising $47

  • 16 · Occupancy

    total $249,059 · program services $224,153 · management and general $12,453 · fundraising $12,453

  • 23 · Insurance

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

  • 24a · Other expenses: MEMBER PROGRAMS

    total $20,931 · program services $20,931

  • 24b · Other expenses: OTHER

    total $9,485 · program services $8,537 · management and general $474 · fundraising $474

  • 24c · Other expenses: EQUIPMENT AND MAINTENAN

    total $33 · program services $31 · management and general $2

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $483,015 · end of year $785,929

  • 4 · Accounts receivable

    beginning of year $14,025 · end of year $790

  • 7 · Other notes and loans receivable

    beginning of year $64,076 · end of year $66,539

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,905

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

    $11,426

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $11,426

  • 15 · Other assets

    beginning of year $0 · end of year $1,100,832

  • 17 · Accounts payable and accrued expenses

    beginning of year $227,895 · end of year $67,244

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,221,133

  • 27 · Net assets without donor restrictions

    beginning of year $235,618 · end of year $364,589

  • 28 · Net assets with donor restrictions

    beginning of year $118,508 · end of year $312,550

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $368,465 · Revenue $213,570

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

Listed in Part VII

  • Bob Chadwick

    PRESIDENT

    Total calculated
    $180,496
    From this org
    $175,239
    From related orgs
    $0
    Other
    $5,257
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $136,500
    Bonus
    $38,739
    Other
    $0
    Deferred
    $5,257
    Nontaxable benefits
    $0
    Filer's total
    $180,496

  • Matthew Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Boulden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Olazagasti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Killian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Schiltz

    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. 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NCC BENEFITS CONNECTION INC

    C · GROUP INSURANCE · DE · 100% owned · share of income $295,081 · share of assets $960,368

    Directly controlled by NCCCC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349331057

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