Social Enterprise And Training Center
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Schenectady, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 47-3946521
Organization Overview
Social Enterprise And Training Center is located in Schenectady, NY. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Social Enterprise And Training Center employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Enterprise And Training 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, Social Enterprise And Training Center generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 6 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 PROVIDE TRANSFORMATIVE EDUCATIONAL AND WORKFORCE EXPERIENCES THAT CREATE A SENSE OF PURPOSE AND HOPE IN OUR COMMUNITIES AND CONNECT BUSINESS TO REAL TIME SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTHBUILD - A PROGRAM WHICH ASSISTS YOUNG ADULTS IN COMPLETING THEIR HIGH SCHOOL EDUCATION AND RECEIVE CAREER TRAINING.
FUTURES - REDUCES RECIDIVISM IN SCHENECTADY BY PROVIDING SUPPORT SERVICES, CAREER PLANNING, CREDENTIAL OPPORTUNITIES AND JOB COACHING TO JUSTICE- INVOLVED YOUNG ADULTS.
TRAIN UP - PROVIDES TRAINING TO YOUNG ADULTS THAT WILL LEAD TO LIVABLE WAGE JOBS IN A HIGH DEMAND CAREER THAT HAS COMMUNITY IMPACT AND DEMONSTRATES A PROMISE FOR GROWTH.
HOME FURNISHINGS - PROVIDES WORKFORCE TRAINING THROUGH RECYCLING GENTLY USED HOUSEHOLD ITEMS IN OUR WAREHOUSE TO DISTRIBUTE TO INDIVIDUALS AND FAMILIES IN NEED IN OUR COMMUNITY. COLLEGE INITIATIVE - PROVIDES POST-SECONDARY EDUCATION INFORMATION, INSTRUCTION AND CASE MANAGEMENT SUPPORT SERVICES TO INDIVIDUALS TRANSITIONING OUT OF OCFS JUVENILE JUSTICE FACILITIES. TRAINING - ENERGY EFFICIENCY TRAINING THAT WILL LEAD TO EMPLOYMENT. HALFMOON WORKS - HALFMOON WORKS PROVIDES WOODWORKING INSTRUCTION AND GIVES STUDENTS EXPERIENCE IN MANUFACTURING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Lawrence Executive Di | Trustee | 40 | $113,941 |
Steve Obermayer Chair | OfficerTrustee | 1 | $0 |
John Mastriani Treasurer | OfficerTrustee | 1 | $0 |
Kimberly Speck Member | Trustee | 1 | $0 |
Jonathan Hernandez Member | Trustee | 1 | $0 |
Paige Rueckert Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,771,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,704 |
| Noncash contributions included in lines 1a–1f | $2,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971,523 |
| Total Program Service Revenue | $182,068 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,523 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,163,163 |
| 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. | $113,942 |
| Compensation of current officers, directors, key employees. | $22,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,077,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,473 |
| Payroll taxes | $108,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,328 |
| Fees for services: Accounting | $83,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,423 |
| Advertising and promotion | $12,933 |
| Office expenses | $15,474 |
| Information technology | $35,634 |
| Royalties | $0 |
| Occupancy | $231,774 |
| Travel | $15,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $439 |
| Interest | $14,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,225 |
| Insurance | $73,091 |
| All other expenses | $4,853 |
| Total functional expenses | $2,339,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $777,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,326 |
| Prepaid expenses and deferred charges | $44,042 |
| Net Land, buildings, and equipment | $225,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,888 |
| Total assets | $1,183,632 |
| Accounts payable and accrued expenses | $115,319 |
| Grants payable | $0 |
| Deferred revenue | $87,458 |
| 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 | $328,229 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $531,006 |
| Net assets without donor restrictions | $652,626 |
| 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 | $1,183,632 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Social Enterprise And Training Center has recieved totaling $261,347.
| Awarding Organization | Amount |
|---|---|
Carl E Touhey Foundation Albany, NY PURPOSE: TO PROVIDE TRANSFORMATIVE EDUCATION AND WORKFORCE EXPERIENCES THAT CREATE A SENSE OF PURPOSE AND HOPE IN OUR COMMUNITIES AND CONNECT BUSINESS TO REAL TIME SOLUTIONS | $101,461 |
Schenectady Foundation Inc Schenectady, NY PURPOSE: NEIGHBORHOOD CHALLENGE PROJECTS - JAYLEN'S PARK | $52,275 |
First Niagara Foundation Buffalo, NY PURPOSE: MENTORING | $30,000 |
National Grid Foundation Hicksville, NY PURPOSE: BUILDING FUTURES CONSTRUCTION TRAINING | $25,000 |
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: Restaurant Ready Program | $17,500 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |