Enterprise Center Capital Corporation
- Assets
- $134.5m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Philadelphia, PA
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 27-0022215
Organization Overview
Enterprise Center Capital Corporation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Enterprise Center Capital Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise Center Capital Corporation 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 06/2021, Enterprise Center Capital Corporation generated $23.7m in total revenue. All expenses for the organization totaled $9.4m during the year ending 06/2021. While expenses have increased by 62.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTERPRISE CENTER CAPITAL CORPORATION'S MISSION IS TO PROVIDE DEBT AND EQUITY CAPITAL THAT BUSINESSES NEED TO START, GROW AND SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO BUSINESSES WITHIN EMERGING MARKETS, INCLUDING MINORITY - AND WOMEN - OWNED BUSINESS, AND THOSE LOCATED WITHIN URBAN LOW-INCOME COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Della Clark President | Officer | 5 | $0 |
Harold Glass Director | Trustee | 2 | $0 |
James Sanders Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $782,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,105,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,887,332 |
| Total Program Service Revenue | $20,764,980 |
| 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 | $23,652,312 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,409 |
| Payroll taxes | $21,780 |
| Fees for services: Management | $8,500,000 |
| Fees for services: Legal | $4,746 |
| Fees for services: Accounting | $25,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,609 |
| Advertising and promotion | $0 |
| Office expenses | $3,442 |
| Information technology | $162 |
| Royalties | $0 |
| Occupancy | $1,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $233,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123 |
| Insurance | $2,191 |
| All other expenses | $0 |
| Total functional expenses | $9,374,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,132,131 |
| Savings and temporary cash investments | $193,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,814,781 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,673 |
| Net Land, buildings, and equipment | $16,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,356,218 |
| Total assets | $134,514,899 |
| Accounts payable and accrued expenses | $91,561 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,611,141 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,043,618 |
| Total liabilities | $116,746,320 |
| Net assets without donor restrictions | $17,768,579 |
| 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 | $134,514,899 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Enterprise Center Capital Corporation has recieved totaling $450,000.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG | $250,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $100,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Life At Lourdes Inc Pennsauken, NJ | $24,117,814 | $24,014,115 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
Robert Treat Academy Charter School Inc Newark, NJ | $3,987,701 | $14,176,967 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |