Ce12 Foundation
- Assets
- $473.9k
- Revenue
- $491.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Darien, CT
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 45-4846018
Organization Overview
Ce12 Foundation is located in Darien, CT. The organization was established in 2013. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ce12 Foundation 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, Ce12 Foundation generated $491.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $299.7k during the year ending 12/2021. While expenses have increased by 0.7% 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 SUPPORT THE SMALL BUSINESS SECTOR IN CUBA BY PROVIDING EDUCATION AND TRAINING TO ENTREPRENEURS, AS WELL AS TO PROVIDE ADVISORY SERVICES TO EXISTING AND NEW BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE SMALL BUSINESS SECTOR IN CUBA BY PROVIDING EDUCATION AND TRAINING TO ENTREPRENEURS, AS WELL AS TO PROVIDE ADVISORY SERVICES TO EXISTING AND NEW BUSINESSES. CE12 FOUNDATION (F/K/A CUBA EMPRENDE FOUNDATION) REQUESTED AND RECEIVED AUTHORIZATION FROM THE OFFICE OF FOREIGN ASSET CONTROL (OFAC) OF THE U.S. DEPARTMENT OF THE TREASURY TO PROVIDE AND TRANSFER TO THE ROMAN CATHOLIC CHURCH IN CUBA AND FUNDACION PRO-EMPLEO, FUNDS IN AN AMOUNT NOT TO EXCEED A TOTAL OF $400,000.FOR 2021, THE ORGANIZATION PROVIDED GRANTS TOTALING $289,106 IN CASH TO PROYECTO CUBA EMPRENDE. PROYECTO CUBA EMPRENDE IS THE ROMAN CATHOLIC CHURCH OF CUBA'S ENTREPRENEURIAL EDUCATION PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hickey Treasurer | OfficerTrustee | 1 | $0 |
Carlos Loumiet Secretary | OfficerTrustee | 3 | $0 |
John Mcintire Chair | OfficerTrustee | 10 | $0 |
Maria Garcia Berry Director | Trustee | 1 | $0 |
Joe Benavides Director | Trustee | 1 | $0 |
Tomas Bilbao Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,373 |
| Noncash contributions included in lines 1a–1f | $35,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,373 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $491,492 |
| 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 | $289,106 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $130 |
| Office expenses | $1,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,980 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $299,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,915 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $473,915 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $473,915 |
| 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 | $473,915 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ce12 Foundation has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Ebrahimi Family Foundation Denver, CO PURPOSE: GENERAL | $15,000 |
Organization Name not Listed PURPOSE: OPERATIONS | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |