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Nonprofiteer
← CENTER FOR INCLUSIVE ENTREPRENEURSHIP

Form 990 for tax year 2023

Filed by CENTER FOR INCLUSIVE ENTREPRENEURSHIP.

Totals

Total revenue
$1,093,380
Total expenses
$1,311,360
Contributions and grants received
$1,065,392
Grants paid
$54,000
Program service revenue
$27,175
Investment income
$653
Other revenue
$160
Total assets, end of year
$571,429
Total liabilities, end of year
$272,462
Net assets or fund balances, end of year
$298,967
Program services expenses (Part IX)
$1,104,286
Management and general expenses
$85,493
Fundraising expenses
$121,581
Program service expenses (Part III)
$1,104,286

Program services were 84.2% 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)

    $845,033

  • 1f · All other contributions, gifts and grants

    $220,359

  • 2a · Program service revenue: Program Services

    total $25,175 · related or exempt $25,175

  • 2b · Program service revenue: Sponsorship

    total $2,000 · related or exempt $2,000

  • 3 · Investment income

    total $653 · excluded $653

  • 11a · Other revenue: Refunds

    total $160 · related or exempt $160

  • 11e · Other revenue, total

    $160

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,500 · program services $46,500

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $90,520 · management and general $5,196 · fundraising $4,284

  • 7 · Other salaries and wages

    total $712,360 · program services $644,829 · management and general $37,017 · fundraising $30,514

  • 9 · Other employee benefits

    total $36,664 · program services $33,362 · management and general $1,223 · fundraising $2,079

  • 10 · Payroll taxes

    total $62,463 · program services $56,899 · management and general $2,998 · fundraising $2,566

  • 11b · Fees: legal

    total $260 · management and general $260

  • 11c · Fees: accounting

    total $65,914 · program services $61,042 · management and general $2,407 · fundraising $2,465

  • 11e · Fees: professional fundraising services

    total $72,731 · fundraising $72,731

  • 11g · Fees: other

    total $69,042 · program services $66,017 · management and general $3,025

  • 12 · Advertising and promotion

    total $1,461 · program services $70 · management and general $1,391

  • 13 · Office expenses

    total $5,630 · program services $3,097 · management and general $1,391 · fundraising $1,142

  • 14 · Information technology

    total $64,223 · program services $59,541 · management and general $3,868 · fundraising $814

  • 16 · Occupancy

    total $451 · program services $451

  • 17 · Travel

    total $40,372 · program services $24,826 · management and general $10,773 · fundraising $4,773

  • 19 · Conferences, conventions and meetings

    total $2,801 · program services $2,801

  • 20 · Interest

    total $6,213 · management and general $6,213

  • 23 · Insurance

    total $5,432 · program services $5,066 · management and general $183 · fundraising $183

  • 24a · Other expenses: Dues License Fees

    total $3,373 · program services $1,668 · management and general $1,675 · fundraising $30

  • 24e · All other expenses

    total $7,970 · program services $97 · management and general $7,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $446,049 · end of year $270,853

  • 2 · Savings and temporary cash investments

    beginning of year $122,212 · end of year $122,826

  • 4 · Accounts receivable

    beginning of year $191,016 · end of year $142,355

  • 9 · Prepaid expenses and deferred charges

    end of year $35,237

  • 15 · Other assets

    end of year $158

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,330 · end of year $4,431

  • 25 · Other liabilities

    beginning of year $216,900 · end of year $268,031

  • 27 · Net assets without donor restrictions

    beginning of year $250,783 · end of year -$9,324

  • 28 · Net assets with donor restrictions

    beginning of year $264,264 · end of year $308,291

Mission and programs · 2023

Mission

Our MISSION is to help people with limited resources in marginalized rural communities start a business, earn a living, build generational wealth, and lead the development of rural places where everyone and everything can thrive forever.

  • North Pensinsula Community Enterprise - served 142 people who started 16 new businesses creating 25 new jobs.

    Expenses $475,439 · Grants $40,500 · Revenue $2,025

  • North Cascades Community Enterprise - Served 72 people who started 4 new businesses creating 38 new jobs.

    Expenses $311,647 · Grants $2,000 · Revenue $23,150

  • Columbia Basin Community Enterprise - Served 31 people who started 3 new businesses creating 8 new jobs.

    Expenses $135,167 · Grants $2,500 · Revenue $1,000

  • BECU Green Equity Initiative - 12 emerging entrepreneurs completed a rigorous training program and received a revenue-based zero interest loan to start or grow a triple bottom line social enterprise.

    Expenses $182,033 · Grants $9,000 · Revenue $1,000

As filed on the 2023 return.

Listed in Part VII

  • Mike Skinner

    Executive Director

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shanthi Gudavalli

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ram Hariharan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Casey Pearlman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Antony Gromko

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Rita Ordonez

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Carrie Heaton

    President

    Total calculated
    $0
    Hours/week
    4

  • Chris Harjung

    Treasurer

    Total calculated
    $0
    Hours/week
    2

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

  • Realize Impact

    $34,500

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443129349304629

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