Dayton-Miami Valley Entrepreneurs Center
- Assets
- $4.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Dayton, OH
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 31-1584047
Organization Overview
Dayton-Miami Valley Entrepreneurs Center is located in Dayton, OH. The organization was established in 1998. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Dayton-Miami Valley Entrepreneurs Center employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dayton-Miami Valley Entrepreneurs Center 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 12/2023, Dayton-Miami Valley Entrepreneurs Center generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 26.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR STIMULATING ENTREPRENEURIAL LEADERSHIP FROM ALL SECTORS OF THE REGIONAL COMMUNITY & INCUBATE NEW TECHNOLOGY BASED BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER USES RESOURCES FOR INFORMATION SHARING AND MEMBER ASSISTANCE TO INCUBATE MORE THAN 700 NEW ENTREPRENEURS TO STIMULATE EMPLOYMENT FOR THE SOCIAL WELFARE OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Koorndyk Ec President | OfficerTrustee | 40 | $271,367 |
Keith Bowman Director | Trustee | 1 | $0 |
Alan Brown Director | Trustee | 1 | $0 |
Erik Collins Director | Trustee | 1 | $0 |
Shelly Dickstein Director | Trustee | 1 | $0 |
Janelle Forbes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rushlight Ventures Professional Fees | 12/30/23 | $383,334 |
Parallax Applied Research Corporation Collaborator | 12/30/23 | $321,418 |
University Of Dayton Research Inst Research | 12/30/23 | $313,740 |
Ascend Innovations Inc Employee Benefits | 12/30/23 | $220,329 |
Infinity Labs Llc Consulting | 12/30/23 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,906,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $389,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,296,105 |
| Total Program Service Revenue | $785,692 |
| Investment income | $22,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,670 |
| 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 | $7,117,047 |
| 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. | $700,112 |
| Compensation of current officers, directors, key employees. | $85,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,505,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,113 |
| Payroll taxes | $156,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $278,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,249 |
| Advertising and promotion | $74,379 |
| Office expenses | $79,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,032 |
| Travel | $12,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,244 |
| Insurance | $4,212 |
| All other expenses | $16,743 |
| Total functional expenses | $7,043,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $772,173 |
| Pledges and grants receivable | $1,741,889 |
| 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 | $7,629 |
| Net Land, buildings, and equipment | $3,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,024,677 |
| Total assets | $4,549,786 |
| Accounts payable and accrued expenses | $964,872 |
| Grants payable | $0 |
| Deferred revenue | $84,167 |
| 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 | $2,699,012 |
| Total liabilities | $3,748,051 |
| Net assets without donor restrictions | $801,735 |
| 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 | $4,549,786 |