Small Enterprise Education And Promotion Network Inc
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Arlington, VA
- Founding
- 09/1995
- Data as of
- 12/2020
- EIN
- 13-3840611
Organization Overview
Small Enterprise Education And Promotion Network Inc is located in Arlington, VA. The organization was established in 1995. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2020, Small Enterprise Education And Promotion Network Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Enterprise Education And Promotion Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Small Enterprise Education And Promotion Network Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESPONSIBLE FINANCE - SEEP PROVIDES ORGANIZATIONAL AND FINANCIAL SUPPORT TO MICRO-FINANCE ASSOCIATIONS TO ADDRESS CAPACITY GAPS IN AREAS THAT ARE CRUCIAL TO THEIR SUCCESSFUL PROMOTION OF RESPONSIBLE FINANCE. OUR SUITE OF TOOLS AND EXPERTISE SEEKS TO HELP ASSOCIATIONS ACCELERATE THEIR DEVELOPMENT, EXPAND AND IMPROVE THEIR PRODUCT AND SERVICE OFFERINGS AND CONTRIBUTE TO INDUSTRY-WIDE INNOVATION.
SAVINGS GROUPS - SEEP AIMS TO EXPAND THE SCALE, INCLUSIVENESS AND IMPACT OF SAVINGS GROUPS BY SUPPORTING DIVERSE STAKEHOLDERS INCLUDING NGOS, FINANCIAL SERVICES PROVIDERS, LOCAL AND NATIONAL GOVERNMENTS, AND FUNDERS. THROUGH KNOWLEDGE MOBILIZATION, DISSEMINATION AND ACTIONABLE LEARNING OPPORTUNITIES, OUR SAVINGS GROUPS LEARNING INITIATIVES EXPAND THE BODY OF CREDIBLE EVIDENCE, IMPROVE AND SCALE THE APPLICATION OF EFFECTIVE PRACTICES, TECHNOLOGIES, AND BUSINESS MODELS, AND STRENGTHEN ALLIANCES AMONG DEVELOPMENT AND MARKET ACTORS.
MARKETS IN CRISIS: SEEP AIMS TO EXPAND THE SCALE AND EFFECTIVENESS OF STRATEGIES THAT USE THE POWER OF THE MARKET TO SUPPORT PEOPLE, BUSINESS AND SYSTEMS THAT ARE HIGHLY VULNERABLE TO THE SHOCK-STRESS-SHOCK CYCLE. THROUGH THE ENGAGEMENT OF A LARGE AND DIVERSE RANGE OF ORGANIZATIONS IN THE HUMANITARIAN AND ECONOMIC DEVELOPMENT FIELDS - PRACTITIONERS, FINANCIAL SERVICE PROVIDERS, DONORS, GOVERNMENTS, TECHNOLOGY PROVIDERS WE WORK COLLECTIVELY TO DEVELOP AND PROMOTE IMPROVED STANDARDS OF PRACTICE, FOSTER COLLABORATION, AND CREATE OPPORTUNITIES FOR LEARNING AND ACCESS TO RELEVANT TOOLS AND TECHNICAL RESOURCES.
OTHER PROGRAMS, INCLUDING THE SEEP ANNUAL CONFERENCE AND INFORMATION TECHNOLOGY & AGRICULTURAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Sardar Executive Director | Officer | 37.5 | $131,562 |
Mbayang Diop Director Of Finance | Officer | 37.5 | $101,251 |
Patrick Kelley Chair | OfficerTrustee | 1 | $0 |
Late Lawson Lartego Vice Chair | OfficerTrustee | 1 | $0 |
Richard Rumsey Treasurer | OfficerTrustee | 1 | $0 |
Prabhat Labh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $195,555 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,957 |
| Total Program Service Revenue | $168,873 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,485,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $159,717 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,530 |
| Compensation of current officers, directors, key employees. | $32,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,098 |
| Pension plan accruals and contributions | $17,784 |
| Other employee benefits | $5,509 |
| Payroll taxes | $62,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,546 |
| Advertising and promotion | $3,335 |
| Office expenses | $54,632 |
| Information technology | $93,835 |
| Royalties | $0 |
| Occupancy | $91,180 |
| Travel | $46,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,359 |
| Insurance | $62,240 |
| All other expenses | $4,224 |
| Total functional expenses | $2,118,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $838,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,263 |
| Accounts receivable, net | $11,323 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,659 |
| Net Land, buildings, and equipment | $91,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,770 |
| Total assets | $1,027,683 |
| Accounts payable and accrued expenses | $251,964 |
| Grants payable | $0 |
| Deferred revenue | $5,020 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $211,617 |
| Other liabilities | $997,141 |
| Total liabilities | $1,465,742 |
| Net assets without donor restrictions | -$438,059 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,027,683 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Small Enterprise Education And Promotion Network Inc has recieved totaling $164,155.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: EMPOWER WOMEN AND GIRLS | $138,355 |
Save The Children Federation Inc Fairfield, CT PURPOSE: LIVELIHOODS ACTIVITY | $25,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Improving Economies For Stronger Communities Washington, DC | $23,763,867 | $20,652,839 |
International Center For Journalists Inc Washington, DC | $35,656,295 | $25,106,814 |
Small Enterprise Education And Promotion Network Inc Arlington, VA | $1,027,683 | $1,485,694 |
Peace Operations Training Institute Williamsburg, VA | $902,166 | $1,336,277 |
A Connected Planet Mclean, VA | $219,418 | $882,057 |
Concentric Development Inc Cary, NC | $271,378 | $436,009 |
Glf Global Leadership Foundation U Sa Arlington, VA | $669,271 | $301,197 |
Microplanet Technologies Inc Washington, DC | $439,815 | $76,420 |
Globalworks Foundation Washington, DC | $367,530 | $245,500 |
Virginia Section International City Management Association Richmond, VA | $291,018 | $0 |
Public Interest Intellectual Property Advisors Inc Washington, DC | $31,039 | $0 |
Us-Kosovo Foundation Washington, DC | $173,950 | $14,082 |