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Nonprofiteer
← THE CATALYST CENTER FOR BUSINESS & ENTREPRENEURSHIP

Form 990 for tax year 2024

Filed by THE CATALYST CENTER FOR BUSINESS & ENTREPRENEURSHIP.

Totals

Total revenue
$1,740,648
Total expenses
$1,913,128
Contributions and grants received
$1,256,665
Grants paid
$0
Program service revenue
$482,441
Investment income
$1,542
Other revenue
$0
Total assets, end of year
$648,913
Total liabilities, end of year
$464,591
Net assets or fund balances, end of year
$184,322
Program services expenses (Part IX)
$1,827,925
Management and general expenses
$85,203
Fundraising expenses
$0
Program service expenses (Part III)
$1,827,925

Program services were 95.5% 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)

    $1,070,000

  • 1f · All other contributions, gifts and grants

    $186,665

  • 2a · Program service revenue: TRAINING AND DEVELOPMENT

    total $482,441 · related or exempt $482,441

  • 3 · Investment income

    total $1,542 · excluded $1,542

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $275,283 · program services $261,519 · management and general $13,764

  • 7 · Other salaries and wages

    total $398,984 · program services $379,035 · management and general $19,949

  • 9 · Other employee benefits

    total $131,500 · program services $121,683 · management and general $9,817

  • 10 · Payroll taxes

    total $57,721 · program services $51,643 · management and general $6,078

  • 11c · Fees: accounting

    total $18,231 · management and general $18,231

  • 11g · Fees: other

    total $655,072 · program services $655,072

  • 12 · Advertising and promotion

    total $22,751 · program services $22,751

  • 13 · Office expenses

    total $31,931 · program services $31,931

  • 14 · Information technology

    total $58,293 · program services $58,293

  • 16 · Occupancy

    total $32,519 · program services $32,519

  • 17 · Travel

    total $66,451 · program services $66,451

  • 22 · Depreciation, depletion and amortization

    total $1,196 · program services $1,196

  • 23 · Insurance

    total $8,591 · program services $940 · management and general $7,651

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $128,738 · program services $128,738

  • 24b · Other expenses: SCHOLARSHIPS AND WORKSHOP

    total $9,737 · program services $9,737

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $6,417 · program services $6,417

  • 24d · Other expenses: MISCELLANEOUS

    total $5,454 · management and general $5,454

  • 24e · All other expenses

    total $4,259 · management and general $4,259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,738 · end of year $167,341

  • 4 · Accounts receivable

    beginning of year $345,456 · end of year $471,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,110 · end of year $9,211

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

    $29,103

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

    $29,103

  • 10c · Land, buildings and equipment, net

    beginning of year $1,196

  • 15 · Other assets

    beginning of year $774 · end of year $774

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,347 · end of year $286,550

  • 19 · Deferred revenue

    beginning of year $155,125 · end of year $178,041

  • 27 · Net assets without donor restrictions

    beginning of year $356,802 · end of year $184,322

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO HELP STARTUP COMPANIES, AS WELL AS TO PROVIDE COUNSELING FOR SMALL BUSINESSES.

  • HELPING STARTUPS AND COUNSELING SMALL BUSINESSES

    Expenses $1,827,925 · Revenue $482,441

As filed on the 2024 return.

Listed in Part VII

  • Lisa D Mays

    CEO

    Total calculated
    $165,727
    From this org
    $159,727
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,727
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,000
    Filer's total
    $165,727

  • Sandra D Edwards

    COO

    Total calculated
    $120,928
    From this org
    $111,581
    From related orgs
    $0
    Other
    $9,347
    Hours/week
    40

  • John Buckley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kandy Gardner

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Beth Kramer

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    5

  • Kristina Minyard

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Chad Odell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Pounders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Van Sullivan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Tenesha Thomas

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dr Nichole Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Vemitra White-Alexander

    DIRECTOR

    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. 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202601819349300015

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