Entrepreneur Startup Business Development Corporation
- Assets
- $30.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 12
- Location
- St Louis, MO
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-4875945
Organization Overview
Entrepreneur Startup Business Development Corporation, operating under the name Arch Grants, is located in St Louis, MO. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Arch Grants employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arch Grants 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 12/2021, Arch Grants generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 7 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.
Since 2014, Arch Grants has awarded 205 individual grants totaling $9,286,842. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT FOR ST. LOUIS CITY THROUGH A GRANT COMPETITION FOR START UP COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAM - FULFILLING THE MISSION OF ARCH GRANTS THROUGH THE PROVISION OF FINANCIAL AND OTHER ASSISTANCE THROUGH THE PRIMARY MEANS OF COMPETITIVE GRANT PROGRAMS, THE PURPOSES OF WHICH ARE TO COMPENSATE FOR THE LACK OF ACCESS TO ADEQUATE SOURCES OF CAPITAL, TO DEVELOP ENTREPRENEURS IN STARTUP BUSINESSES IN THE CITY OF ST. LOUIS, CREATE JOBS, COMBAT BLIGHT, AND CREATE COMMUNITY DEVELOPMENT. DURING 2021, 34 NEW GRANTS WERE AWARDED INCLUSIVE OF 16 RELOCATION GRANTS THROUGH THE ANNUAL STARTUP COMPETITION (34 FULL $50,000 AWARDS AND 16 RELOCATION GRANTS OF $10,000), IN ADDITION TO 6 FOLLOW-ON GRANTS TO PREVIOUSLY FUNDED COMPANIES THROUGH A NEW GROWTH GRANTS PROGRAM (6 FULL $100,000 AWARDS). (CONTINUED IN SCHEDULE O)AS OF DECEMBER 31, 2021, ARCH GRANTS HAS AWARDED $11.66 MILLION IN GRANTS TO 207 COMPANIES. SINCE THE LAUNCH IN 2012, SEVERAL THOUSAND APPLICATIONS HAVE BEEN RECEIVED FROM AROUND THE WORLD, INCLUDING APPLICATIONS FROM 45 STATES AND 86 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Lohse-Busch Executive Director | Officer | 40 | $155,737 |
Gabriel Angieri Director Of Development & Operations | 40 | $119,545 | |
Reed Howlett Vp/director (resign 3/2021) | OfficerTrustee | 3 | $0 |
Robert Guller President/director | OfficerTrustee | 3 | $0 |
Matt Badler Treasurer/director | OfficerTrustee | 3 | $0 |
Jerome Schlichter Chair/director | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $360,321 |
| Related organizations | $0 |
| Government grants | $150,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,593,464 |
| Noncash contributions included in lines 1a–1f | $11,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,104,485 |
| Total Program Service Revenue | $0 |
| Investment income | $517,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,874 |
| Net Income from Fundraising Events | -$184,788 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,633,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,010,000 |
| 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. | $166,039 |
| Compensation of current officers, directors, key employees. | $29,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $509,328 |
| Pension plan accruals and contributions | $11,236 |
| Other employee benefits | $27,986 |
| Payroll taxes | $45,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,175 |
| Fees for services: Accounting | $37,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,909 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,299 |
| Advertising and promotion | $121,293 |
| Office expenses | $101,167 |
| Information technology | $28,492 |
| Royalties | $0 |
| Occupancy | $55,559 |
| Travel | $144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,444 |
| Insurance | $2,403 |
| All other expenses | $1,988 |
| Total functional expenses | $3,321,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,221,348 |
| Savings and temporary cash investments | $1,666,922 |
| Pledges and grants receivable | $3,143,362 |
| Accounts receivable, net | $0 |
| 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 | $24,834 |
| Net Land, buildings, and equipment | $26,559 |
| Investments—publicly traded securities | $24,463,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,546,182 |
| Accounts payable and accrued expenses | $83,463 |
| Grants payable | $1,490,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,573,463 |
| Net assets without donor restrictions | $840,107 |
| Net assets with donor restrictions | $28,132,612 |
| 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 | $30,546,182 |
Grants Awarded
Over the last fiscal year, Entrepreneur Startup Business Development Corporation has awarded $2,010,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
GIFTAMEAL PURPOSE: AWARD | $100,000 |
SWIPESUM INC PURPOSE: AWARD | $100,000 |
REBUNDLE PURPOSE: AWARD | $100,000 |
NO LIMBITS PURPOSE: AWARD | $60,000 |
OPTIKAL CARE INC PURPOSE: AWARD | $60,000 |
ONEKIN PURPOSE: AWARD | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Entrepreneur Startup Business Development Corporation has recieved totaling $1,136,508.
| Awarding Organization | Amount |
|---|---|
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: COMMUNITY BLDG, IMPROVEMENT & CAPACITY BUILDING | $720,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $273,100 |
Missouri Corporation For Science And Technology Jefferson City, MO PURPOSE: MTC GRANTED FUNDING TO EXPAND ENTREPRENEURIAL CAPACITY IN ST. LOUIS, MO | $62,500 |
United Way Of Greater St Louis Inc Saint Louis, MO PURPOSE: CCS - Strengthen Communities | $55,000 |
St Louis Community Foundation St Louis, MO PURPOSE: COMMUNITY BLDG, IMPROVEMENT & CAPACITY BUILDING | $25,408 |
Endowment Analysis
| Beg. Balance | $22,690,207 |
| Earnings | $2,915,021 |
| Net Contributions | $1,457,334 |
| Other Expense | $1,444,481 |
| Ending Balance | $25,618,081 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |