Dayton-Miami Valley Entrepreneurs Center
- Assets
- $1.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Dayton, OH
- Founding
- 07/1998
- Data as of
- 12/2021
- 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 12/2021, Dayton-Miami Valley Entrepreneurs Center employed 21 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 12/2021, Dayton-Miami Valley Entrepreneurs Center generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 29.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
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 President | Officer | 40 | $254,569 |
Paul Jackson V.p Of Strategic Programs | 40 | $183,569 | |
Katherine Hill Entrepreneur In Residence | 40 | $166,856 | |
Todd Bollenbacher Director Of Finance | Officer | 40 | $160,935 |
Lauren Tiffan Program Director | 40 | $132,015 | |
Kim Frazier Director Of Growth Initiat | 40 | $110,063 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chris Wallace Consulting | 12/30/19 | $106,235 |
Lauren Tiffan Consulting | 12/30/19 | $132,190 |
Kp Strategies Consulting | 12/30/19 | $154,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,252,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,028,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,282,240 |
| Total Program Service Revenue | $235,358 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,517 |
| 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 | $5,542,266 |
| 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. | $283,806 |
| Compensation of current officers, directors, key employees. | $51,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,490,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,182 |
| Payroll taxes | $118,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,737 |
| Fees for services: Accounting | $250,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $134,617 |
| Office expenses | $33,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,767 |
| Travel | $0 |
| 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 | $6,605 |
| Insurance | $3,322 |
| All other expenses | $49,725 |
| Total functional expenses | $5,287,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $794,615 |
| Pledges and grants receivable | $929,370 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $1,732,141 |
| Accounts payable and accrued expenses | $553,653 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $416,520 |
| Total liabilities | $980,173 |
| Net assets without donor restrictions | $751,968 |
| 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 | $1,732,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dayton-Miami Valley Entrepreneurs Center has recieved totaling $7,277.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Prgm Corp Of Washington-Morgan Counties Ohio Marietta, OH | $5,593,568 | $15,680,729 |
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Dayton-Miami Valley Entrepreneurs Center Dayton, OH | $1,732,141 | $5,542,266 |
Small Business Aid Inc Shipshewana, IN | $1,429,380 | $3,351,237 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
Detroit Development Fund Detroit, MI | $19,500,518 | $2,941,920 |
Allentown Economic Development Corporation Allentown, PA | $28,611,870 | $1,731,246 |
Premier Capital Corporation Indianapolis, IN | $2,695,127 | $1,528,792 |
Assets Lancaster Lancaster, PA | $1,401,857 | $1,513,730 |
Regional Development Funding Corporation Pittsburgh, PA | $15,281,796 | $3,181,210 |