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← CENTER FOR ENTREPRENEURIAL STUDIES

Form 990 for tax year 2022

Filed by CENTER FOR ENTREPRENEURIAL STUDIES.

Totals

Total revenue
$155,251
Total expenses
$295,621
Contributions and grants received
$78,399
Grants paid
$1,050
Program service revenue
$0
Investment income
$0
Other revenue
$76,852
Total assets, end of year
$117,215
Total liabilities, end of year
$223,276
Net assets or fund balances, end of year
-$106,061
Program services expenses (Part IX)
$292,746
Management and general expenses
$2,875
Fundraising expenses
$0
Program service expenses (Part III)
$292,746

Program services were 99.0% 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

    $78,399

  • 6a · Gross rents

    personal property $3,750

  • 6c · Rental income or loss

    personal property $3,750

  • 6d · Net rental income or loss

    total $3,750 · unrelated business $3,750

  • 10a · Gross sales of inventory

    $170,158

  • 10b · Cost of goods sold

    $97,056

  • 10c · Net income from sales of inventory

    total $73,102 · related or exempt $73,102

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125 · program services $125

  • 2 · Grants to domestic individuals

    total $925 · program services $925

  • 5 · Compensation of officers, directors and key employees

    total $30,000 · program services $30,000

  • 7 · Other salaries and wages

    total $89,342 · program services $89,342

  • 9 · Other employee benefits

    total $3,998 · program services $3,998

  • 10 · Payroll taxes

    total $12,823 · program services $12,823

  • 12 · Advertising and promotion

    total $10,719 · program services $10,719

  • 13 · Office expenses

    total $400 · management and general $400

  • 14 · Information technology

    total $2,648 · program services $2,648

  • 16 · Occupancy

    total $24,444 · program services $24,444

  • 17 · Travel

    total $7,740 · program services $7,740

  • 20 · Interest

    total $2,475 · management and general $2,475

  • 22 · Depreciation, depletion and amortization

    total $2,357 · program services $2,357

  • 23 · Insurance

    total $3,108 · program services $3,108

  • 24a · Other expenses: PROFESSIONAL FEES

    total $42,479 · program services $42,479

  • 24b · Other expenses: SUPPLIES

    total $24,966 · program services $24,966

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $14,105 · program services $14,105

  • 24d · Other expenses: UTILITIES

    total $12,366 · program services $12,366

  • 24e · All other expenses

    total $10,601 · program services $10,601

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,621 · end of year $788

  • 2 · Savings and temporary cash investments

    beginning of year $30,245 · end of year $16,250

  • 8 · Inventories for sale or use

    beginning of year $55,251 · end of year $88,849

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

    $13,782

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

    $2,454

  • 10c · Land, buildings and equipment, net

    beginning of year $5,700 · end of year $11,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,861

  • 19 · Deferred revenue

    beginning of year $41 · end of year $14

  • 22 · Loans and payables to officers and key people

    beginning of year $33,406 · end of year $28,462

  • 24 · Unsecured notes and loans payable

    beginning of year $23,200 · end of year $194,800

  • 31 · Retained earnings, endowment or other funds

    beginning of year $34,309 · end of year -$106,061

Mission and programs · 2022

Mission

TO CREATE A WIDE-BRANCHING SUPPORT SYSTEM FOR WORK FORCE DEVEOPMENT AND CREATIVE THINKING. OUR PROGRAM BELIEVES AN ENTREPRENEURIAL MINDSET ALLOWS FOR A GROWING AND PROSPEROUS COMMUNITY.

  • YOUNG PROFESSIONALS EMPOWERED (YPE) IS OUR PROFESSIONAL DEVELOPMENT PROGRAM FOR YOUTH AND YOUNG ADULTS AGES 14-24. YPE GUIDES YOUTH TO PURSUE THEIR INTERESTS, MAKE POSITIVE CAREER DECISIONS; AND CULTIVATE WORK-RELATED SKILLS, KNOWLEDGE, AND OPPORTUNITIES. THE YPE PROGRAM COMBINES DYNAMIC ON-THE-JOB LEARNING WITH APPLIED WORK- BASED LEARNING FOR A WELL-ROUNDED EXPERIENCE. PARTICIPANTS ATTEND PROFESSIONAL DEVELOPMENT OPPORTUNITIES AND ENGAGE IN A WORK-BASED LEARNING EXPERIENCE,EITHER AS AN INTERN AND/OR AS AN ENTREPRENEUR CREATING THEIR OWN BUSINESS. PARTICIPANTS WORK IN THE RETAIL STORE, LEARNING WORK SKILLS AND BUSINESS SKILLS.

    Expenses $292,746 · Grants $1,050 · Revenue $170,158

As filed on the 2022 return.

Listed in Part VII

  • Bonita Tompkins

    EXECUTIVE DI

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kathy Beauchamp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Courtney Carrier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louis Carrier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katherine Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Billi Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashley Tompkins

    BOARD MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349329951

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