Fort Wayne Urban Enterprise Association Inc
- Assets
- $2.2m
- Revenue
- $998.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Wayne, IN
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 31-1103390
Organization Overview
Fort Wayne Urban Enterprise Association Inc, operating under the name Seed Fort Wayne, is located in Fort Wayne, IN. The organization was established in 1984. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Fort Wayne 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, Seed Fort Wayne generated $998.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $962.7k during the year ending 12/2021. While expenses have increased by 10.0% 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 2019, Seed Fort Wayne has awarded 22 individual grants totaling $780,921. 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
PROMOTE URBAN ENTREPRENEUR DEVELOPMENT IN FORT WAYNE, INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF COMMERCIAL ENTERPRISE AND URBAN DEVELOPMENT WITHIN THE BOUNDARIES OF THE SUMMIT CITY ENTREPRENEUR AND ENTERPRISE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trois Hart Executive Di | Officer | 40 | $74,823 |
Pat Turner President | OfficerTrustee | 0.25 | $0 |
Lester Zimmerman Secretary/tr | OfficerTrustee | 0.25 | $0 |
Nancy Townsend Director | Officer | 0.25 | $0 |
Tiziano Briozzo Director | Trustee | 0.25 | $0 |
Ellen Cutter Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $326,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,682 |
| Total Program Service Revenue | $619,360 |
| Investment income | $842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $998,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,125 |
| 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. | $99,699 |
| Compensation of current officers, directors, key employees. | $34,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,588 |
| Pension plan accruals and contributions | $14,318 |
| Other employee benefits | $30,092 |
| Payroll taxes | $16,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,048 |
| Fees for services: Accounting | $22,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,756 |
| Advertising and promotion | $34,882 |
| Office expenses | $33,932 |
| Information technology | $16,265 |
| Royalties | $0 |
| Occupancy | $90,171 |
| Travel | $216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,230 |
| Insurance | $13,141 |
| All other expenses | $45,626 |
| Total functional expenses | $962,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,783,677 |
| Pledges and grants receivable | $123,210 |
| Accounts receivable, net | $23,381 |
| 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 | $12,417 |
| Net Land, buildings, and equipment | $262,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,205,287 |
| Accounts payable and accrued expenses | $106,485 |
| Grants payable | $23,088 |
| 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 | $5,379 |
| Total liabilities | $134,952 |
| Net assets without donor restrictions | $1,767,976 |
| Net assets with donor restrictions | $302,359 |
| 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 | $2,205,287 |
Grants Awarded
Over the last fiscal year, Fort Wayne Urban Enterprise Association Inc has awarded $129,125 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WORKBENCH - FORT WAYNE PURPOSE: ENT PROGRAM | $58,000 |
MICHAELS SALON & SPA PURPOSE: BUILDING EXPENSES | $51,599 |
ZION PURPOSE: BUILDING EXPENSES | $13,901 |
Fort Wayne, IN PURPOSE: GRAFFITI CLEAN UP | $5,625 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Wayne Urban Enterprise Association Inc has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
West Central Indiana Economic Development District Inc Terre Haute, IN | $2,629,970 | $4,624,225 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Evansville Vanderburgh County Convention & Visitors Bureau Inc Evansville, IN | $5,490,585 | $3,551,749 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |
Far South Cdc Chicago, IL | $4,303,074 | $2,694,787 |
Northwest Side Community Development Corporation Milwaukee, WI | $11,140,702 | $4,254,876 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Capitalplus Exchange Corporation Skokie, IL | $2,405,541 | $1,079,242 |