Totals
- Total revenue
- $607,752
- Total expenses
- $888,746
- Contributions and grants received
- $419,806
- Grants paid
- $0
- Program service revenue
- $176,600
- Investment income
- $11,346
- Other revenue
- $0
- Total assets, end of year
- $2,427,490
- Total liabilities, end of year
- $832,693
- Net assets or fund balances, end of year
- $1,594,797
- Program services expenses (Part IX)
- $718,767
- Management and general expenses
- $169,979
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $718,767
Program services were 80.9% 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.
-
1d · Related organizations
$45,122
-
1e · Government grants (contributions)
$55,000
-
1f · All other contributions, gifts and grants
$319,684
-
2a · Program service revenue: CONTRACT INCOME
total $145,469 · unrelated business $0 · excluded $0
-
2b · Program service revenue: INTEREST FROM LOANS
total $23,426 · unrelated business $0 · excluded $0
-
2c · Program service revenue: LOAN & OTHER FEES
total $7,705 · unrelated business $0 · excluded $0
-
3 · Investment income
total $11,346 · unrelated business $0 · excluded $11,346
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $281,081 · program services $219,243 · management and general $61,838 · fundraising $0
-
7 · Other salaries and wages
total $179,185 · program services $139,764 · management and general $39,421 · fundraising $0
-
9 · Other employee benefits
total $68,155 · program services $53,161 · management and general $14,994 · fundraising $0
-
10 · Payroll taxes
total $61,664 · program services $48,098 · management and general $13,566 · fundraising $0
-
11b · Fees: legal
total $8,230 · program services $8,230 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $20,818 · program services $20,818 · management and general $0 · fundraising $0
-
11g · Fees: other
total $70,118 · program services $70,118 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $10,000 · program services $7,800 · management and general $2,200 · fundraising $0
-
13 · Office expenses
total $9,795 · program services $7,640 · management and general $2,155 · fundraising $0
-
14 · Information technology
total $9,833 · program services $9,833 · management and general $0 · fundraising $0
-
16 · Occupancy
total $42,310 · program services $33,002 · management and general $9,308 · fundraising $0
-
19 · Conferences, conventions and meetings
total $12,743 · program services $9,940 · management and general $2,803 · fundraising $0
-
20 · Interest
total $6,889 · program services $6,889 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $16,693 · program services $0 · management and general $16,693 · fundraising $0
-
23 · Insurance
total $10,972 · program services $8,558 · management and general $2,414 · fundraising $0
-
24a · Other expenses: INCREASE IN LOAN LOSS ALLOWANCE
total $40,677 · program services $40,677 · management and general $0 · fundraising $0
-
24b · Other expenses: BAD DEBT EXPENSE
total $15,214 · program services $15,214 · management and general $0 · fundraising $0
-
24c · Other expenses: TELEPHONE / INTERNET
total $13,044 · program services $10,174 · management and general $2,870 · fundraising $0
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $7,804 · program services $6,087 · management and general $1,717 · fundraising $0
-
24e · All other expenses
total $3,521 · program services $3,521 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,174 · end of year $11,979
-
2 · Savings and temporary cash investments
beginning of year $2,154,664 · end of year $1,951,118
-
3 · Pledges and grants receivable
beginning of year $324,416 · end of year $58,676
-
4 · Accounts receivable
beginning of year $1,258 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $137,645 · end of year $363,166
-
9 · Prepaid expenses and deferred charges
beginning of year $14,791 · end of year $4,948
-
10a · Land, buildings and equipment: cost or other basis
$107,260
-
10b · Land, buildings and equipment: accumulated depreciation
$70,056
-
10c · Land, buildings and equipment, net
beginning of year $24,981 · end of year $37,204
-
15 · Other assets
beginning of year $0 · end of year $399
-
17 · Accounts payable and accrued expenses
beginning of year $44,343 · end of year $45,579
-
25 · Other liabilities
beginning of year $749,795 · end of year $787,114
-
27 · Net assets without donor restrictions
beginning of year $675,363 · end of year $869,267
-
28 · Net assets with donor restrictions
beginning of year $1,200,428 · end of year $725,530
Mission and programs · 2022
Mission
ENTREPRENEUR WORKS FUND CREATES PATHWAYS OF OPPORTUNITY FOR TALENTED YET UNDERSERVED ENTREPRENEURS IN THE GREATER PHILADELPHIA REGION BY PROVIDING THEM WITH SMALL BUSINESS LOANS, TRAINING, ADVICE AND RELATED BUSINESS SUPPORT SERVICES.
-
ORGANIZATION PROVIDED MICROLOANS AND BUSINESS TRAINING AND SUPPORT SERVICES TO UNDERSERVED ENTREPRENEURS AND SMALL BUSINESSES OPERATING MOSTLY IN DISTRESSED COMMUNITIES IN THE GREATER PHILADELPHIA REGIONS.
Expenses $718,767 · Revenue $176,600
As filed on the 2022 return.
Listed in Part VII
-
Leslie H BenolielLESLIE H BENOLIEL
PRESIDENT & CEO
- Total calculated
- $75,461
- From this org
- $0
- From related orgs
- $75,461
- Other
- $0
- Hours/week
- 40
-
Antoinette TruehartANTOINETTE TRUEHART
EXECUTIVE VICE PRESIDENT
- Total calculated
- $71,626
- From this org
- $0
- From related orgs
- $71,626
- Other
- $0
- Hours/week
- 40
-
Earl BoydEARL BOYD
SENIOR VICE PRESIDENT
- Total calculated
- $75,381
- From this org
- $0
- From related orgs
- $75,381
- Other
- $0
- Hours/week
- 40
-
Jerry CotlovJERRY COTLOV
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
William SmithWILLIAM SMITH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
James HartlingJAMES HARTLING
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Frank TooheyFRANK TOOHEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Shelly Anthony WhiteSHELLY ANTHONY WHITE
ASSISTANT SECRETARY
- Total calculated
- $58,613
- From this org
- $0
- From related orgs
- $58,613
- Other
- $0
- Hours/week
- 2
-
James TurnerJAMES TURNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Vaughn TaylorVAUGHN TAYLOR
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ann DelauraANN DELAURA
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeanne FieldsJEANNE FIELDS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sharon SlaterSHARON SLATER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sharmain Matlock-TurnerSHARMAIN MATLOCK-TURNER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Larry BellLARRY BELL
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
James WrightJAMES WRIGHT
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rick YoungRICK YOUNG
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert JulianoROBERT JULIANO
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Megan DuganMEGAN DUGAN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lara FalusiLARA FALUSI
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Arthur GimenezARTHUR GIMENEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dana CrookDANA CROOK
MEMBER
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410339349301016
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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