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← ENTREPRENEURSHIP FOR ALL INC

Form 990 for tax year 2022

Filed by ENTREPRENEURSHIP FOR ALL INC.

Totals

Total revenue
$8,652,689
Total expenses
$7,975,154
Contributions and grants received
$8,550,150
Grants paid
$500,008
Program service revenue
$0
Investment income
$77,379
Other revenue
$25,160
Total assets, end of year
$10,717,760
Total liabilities, end of year
$1,000,108
Net assets or fund balances, end of year
$9,717,652
Program services expenses (Part IX)
$5,649,345
Management and general expenses
$1,874,058
Fundraising expenses
$451,751
Program service expenses (Part III)
$5,649,345

Program services were 70.8% 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.

  • 1e · Government grants (contributions)

    $1,223,201

  • 1f · All other contributions, gifts and grants

    $7,326,949

  • 3 · Investment income

    total $77,379 · excluded $77,379

  • 6a · Gross rents

    real property $6,660

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,660

  • 6d · Net rental income or loss

    total $6,660 · excluded $6,660

  • 11a · Other revenue: OTHER INCOME

    total $18,500 · excluded $18,500

  • 11e · Other revenue, total

    $18,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $273,510 · program services $273,510

  • 2 · Grants to domestic individuals

    total $226,498 · program services $226,498

  • 5 · Compensation of officers, directors and key employees

    total $329,228 · program services $241,902 · management and general $69,117 · fundraising $18,209

  • 7 · Other salaries and wages

    total $4,579,792 · program services $3,365,025 · management and general $961,473 · fundraising $253,294

  • 9 · Other employee benefits

    total $300,238 · program services $236,958 · management and general $48,452 · fundraising $14,828

  • 10 · Payroll taxes

    total $393,357 · program services $296,730 · management and general $77,163 · fundraising $19,464

  • 11b · Fees: legal

    total $73,470 · management and general $73,470

  • 11c · Fees: accounting

    total $51,819 · management and general $51,819

  • 11g · Fees: other

    total $601,512 · program services $91,011 · management and general $392,575 · fundraising $117,926

  • 12 · Advertising and promotion

    total $101,037 · program services $36,466 · management and general $61,688 · fundraising $2,883

  • 13 · Office expenses

    total $74,316 · program services $24,105 · management and general $49,380 · fundraising $831

  • 14 · Information technology

    total $44,198 · program services $13,024 · management and general $11,490 · fundraising $19,684

  • 16 · Occupancy

    total $96,234 · program services $82,261 · management and general $10,167 · fundraising $3,806

  • 17 · Travel

    total $45,574 · program services $9,680 · management and general $35,853 · fundraising $41

  • 22 · Depreciation, depletion and amortization

    total $25,611 · program services $23,935 · management and general $1,097 · fundraising $579

  • 23 · Insurance

    total $9,131 · management and general $9,131

  • 24a · Other expenses: COLLABORATIVE AGREEMENT

    total $559,200 · program services $559,200

  • 24b · Other expenses: PROGRAM SITES

    total $169,862 · program services $162,020 · management and general $7,807 · fundraising $35

  • 24c · Other expenses: DUES AND SUBSCRIPTION

    total $11,602 · program services $3,785 · management and general $7,657 · fundraising $160

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $5,504 · program services $3,235 · management and general $2,269

  • 24e · All other expenses

    total $3,461 · management and general $3,450 · fundraising $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,796,948 · end of year $1,427,533

  • 2 · Savings and temporary cash investments

    beginning of year $3,586,006 · end of year $7,121,531

  • 3 · Pledges and grants receivable

    beginning of year $3,382,553 · end of year $1,946,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,846 · end of year $89,692

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

    $127,082

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

    $74,186

  • 10c · Land, buildings and equipment, net

    beginning of year $36,509 · end of year $52,896

  • 15 · Other assets

    beginning of year $0 · end of year $79,193

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,196 · end of year $251,708

  • 18 · Grants payable

    beginning of year $136,435 · end of year $18,750

  • 25 · Other liabilities

    beginning of year $26,996 · end of year $729,650

  • 27 · Net assets without donor restrictions

    beginning of year $3,147,995 · end of year $3,665,528

  • 28 · Net assets with donor restrictions

    beginning of year $6,325,240 · end of year $6,052,124

Mission and programs · 2022

Mission

ENTREPRENEURSHIP FOR ALL, INC. (EFORALL) IS ACCELERATING ECONOMIC AND SOCIAL IMPACT IN COMMUNITIES NATIONWIDE THROUGH INCLUSIVE ENTREPRENEURSHIP.

Activities or mission (Part I)

TO ACCELERATE ECONOMIC & SOCIAL IMPACT IN COMMUNITIES NATIONWIDE THROUGH INCLUSIVE ENTREPRENEURSHIP.

  • THE ORGANIZATION IS A 501 (C) (3) NON-PROFIT ORGANIZATION DEDICATED TO ACCELERATING ECONOMIC AND SOCIAL IMPACT THROUGH ENTREPRENEURSHIP IN UNDER RESOURCED MID-SIZED CITIES. WE FOSTER ECONOMIC GROWTH AND JOB CREATION IN THESE UNDERSERVED COMMUNITIES BY RAISING THE VISIBILITY OF ENTREPRENEURSHIP WITHIN THEM AND TRAINING ASPIRING ENTREPRENEURS SO THEY HAVE A HIGHER LIKELIHOOD OF SUCCESS WITH THEIR VENTURES. STRONG PREFERENCE IS GIVEN TO CANDIDATES THAT EITHER RESIDE IN OR INTEND TO START BUSINESSES IN UNDERSERVED OR DISADVANTAGED COMMUNITIES. THE ORGANIZATION WILL PURSUE ITS CHARITABLE OBJECTIVES THROUGH:1.AWARENESS BUILDING AMONGST LOW INCOME, LOW EDUCATION LEVEL, OR UNEMPLOYED RESIDENTS PROVIDING ACCESS TO RESOURCES, AND NON-ENGLISH SPEAKING PROGRAMS2.TRAINING AND SUPPORT WHICH WILL INCLUDE HOSTING ACCELERATOR PROGRAMS FOR SELECTED INDIVIDUALS ASPIRING TO LAUNCH A NEW BUSINESS OR NONPROFIT3.PROVIDING ACCESS TO RESOURCES INCLUDING THE PROVISION OF CAPITAL TO ACCELERATOR PROGRAM GRADUATES AND THE USE OF OFFICE SPACE AND RELATED SERVICES4.NON-ENGLISH SPEAKING PROGRAMS IN ORDER TO ENGAGE UNDERPRIVILEGED RESIDENTS WHO DO NOT SPEAK ENGLISH AS A FIRST LANGUAGE

    Expenses $5,649,345 · Grants $500,008

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

Listed in Part VII

  • David Parker

    DIRECTOR/FORMER CEO

    Total calculated
    $137,825
    From this org
    $126,779
    From related orgs
    $0
    Other
    $11,046
    Hours/week
    40

  • Gail Goodman

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rajendra Melville

    TREASURER/CLERK/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Servjeet Bhachu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Goodall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Inamarie Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vernon Irvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcos Marrero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meralis Hood

    CEO/PRESIDENT

    Total calculated
    $41,495
    From this org
    $41,495
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Adriana Sanchez

    DIRECTOR OF FINANCE

    Total calculated
    $160,954
    From this org
    $160,954
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,954
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $160,954

  • Gary Chamberlain

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $247,630
    From this org
    $231,856
    From related orgs
    $0
    Other
    $15,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,856
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,774 related
    Filer's total
    $231,856 + $15,774 related

  • Julie Smith

    CHIEF MARKETING OFFICER

    Total calculated
    $141,663
    From this org
    $130,617
    From related orgs
    $0
    Other
    $11,046
    Hours/week
    40

  • Carletta Hill

    DIRECTOR OF HR

    Total calculated
    $143,884
    From this org
    $138,703
    From related orgs
    $0
    Other
    $5,181
    Hours/week
    40

  • Vanessa Gallant

    DIRECTOR OF CREATIVE OPERATIONS

    Total calculated
    $143,960
    From this org
    $132,914
    From related orgs
    $0
    Other
    $11,046
    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. 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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 AWARDS OVER 5000

    $0

    NO DOMESTIC ORGANIZATION OR DOMESTIC GOVERNMENT RECEIVED MORE THAN $5,000 AGGREGATE OF GRANTS OR ASSISTANCEFROM THE ORGANIZATION DURING THE TAX YEAR.

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2023
IRS schema version
2022v5.0
Source object
202341999349301104

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