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Nonprofiteer
← THE ENTERPRISE CENTER COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by THE ENTERPRISE CENTER COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,539,141
Total expenses
$3,833,590
Contributions and grants received
$2,835,292
Grants paid
$0
Program service revenue
$699,077
Investment income
$0
Other revenue
$4,772
Total assets, end of year
$27,796,434
Total liabilities, end of year
$20,403,409
Net assets or fund balances, end of year
$7,393,025
Program services expenses (Part IX)
$1,747,805
Management and general expenses
$2,085,785
Fundraising expenses
$0
Program service expenses (Part III)
$1,747,805

Program services were 45.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LOWELL THOMAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW BANKS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMANDA EVANS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KARL MORRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG REEVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DELLA CLARK

    PRESIDENT-TEC

    Total calculated
    $352,948
    From this org
    $0
    From related orgs
    $345,000
    Other
    $7,948
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,000 related
    Bonus
    $0 + $45,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,948 related
    Filer's total
    $0 + $352,948 related

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

The filer's explanations (Part III)

PART I, LINE 3
ALL SENIOR MANAGEMENT COMPENSATION IS PAID THROUGH A RELATED ORGANIZATION. VOLUNTEER BOARD MEMBERS WHO ARE INDEPENDENT EVALUATE THE SENIOR MANAGEMENT'S COMPENSATION AS REQUIRED. MANY BOARD MEMBERS SIT ON VARIOUS BOARDS AND ARE FAMILIAR WITH FAIR COMPENSATION FOR A NON-PROFIT EXECUTIVE AND IT IS MODERATE TO LOW. ALL COMPENSATION IS EVALUATED BY MANAGEMENT AND THE FINANCE COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411369349305281

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