The Catalyst Center For Business & Entrepreneurship
- Assets
- $634.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Huntsville, AL
- Founding
- 01/2004
- Data as of
- 09/2021
- EIN
- 51-0446029
Organization Overview
The Catalyst Center For Business & Entrepreneurship is located in Huntsville, AL. The organization was established in 2004. 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 09/2021, Catalyst Center For Business & Entrepreneurship employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Center For Business & Entrepreneurship 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 09/2021, Catalyst Center For Business & Entrepreneurship generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 3.8% 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 HELP STARTUPS AND DO SMALL BUSINESS COUNSELING
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPING STARTUPS AND COUNSELING SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mays CEO | Officer | 40 | $73,750 |
Angela Howard Treasurer | OfficerTrustee | 5 | $0 |
Melanie Newton Secretary | OfficerTrustee | 5 | $0 |
Lauren Smith Chair | OfficerTrustee | 5 | $0 |
Kevin Hoey Past Chair | OfficerTrustee | 5 | $0 |
U'meeka Smith Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $883,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,943 |
| Noncash contributions included in lines 1a–1f | $74,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,024,880 |
| Total Program Service Revenue | $337,737 |
| Investment income | $256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,362,873 |
| 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. | $73,750 |
| Compensation of current officers, directors, key employees. | $1,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,438 |
| Payroll taxes | $45,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,199 |
| Office expenses | $78,624 |
| Information technology | $21,716 |
| Royalties | $0 |
| Occupancy | $13,244 |
| Travel | $4,667 |
| 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 | $5,231 |
| Insurance | $5,719 |
| All other expenses | $118,644 |
| Total functional expenses | $1,242,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,560 |
| Accounts receivable, net | $361,732 |
| 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 | $15,752 |
| Net Land, buildings, and equipment | $16,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $774 |
| Total assets | $634,732 |
| Accounts payable and accrued expenses | $35,158 |
| Grants payable | $0 |
| Deferred revenue | $75,551 |
| 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 | $110,709 |
| Net assets without donor restrictions | $524,023 |
| 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 | $634,732 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Catalyst Center For Business & Entrepreneurship has recieved totaling $95,023.
| Awarding Organization | Amount |
|---|---|
Lucille And Bruce Lambert Charitable Foundation Inc Springfield, VA PURPOSE: OPERATINGEXPENSES | $65,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Business Development Corporation Tampa, FL | $33,289,618 | $11,353,738 |
Florida First Capital Finance Corporation Inc Tallahassee, FL | $141,828,731 | $12,402,139 |
Black Business Investments Fund Inc Orlando, FL | $36,658,367 | $11,605,292 |
Innovation Depot Inc Birmingham, AL | $15,832,125 | $3,165,143 |
Hispanic Business Initiative Fund Of Florida Inc Orlando, FL | $4,121,804 | $3,822,531 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
Mississippi Life And Health Insurance Guaranty Association Jackson, MS | $33,007,367 | $1,692,715 |
Tampa Bay Wave Inc Tampa, FL | $1,054,674 | $1,625,044 |
The Southern Development Council Inc Mountain Brook, AL | $5,076,770 | $1,106,394 |
The Catalyst Center For Business & Entrepreneurship Huntsville, AL | $634,732 | $1,362,873 |
Entrepreneur Development Center Southwest Tennessee Inc Jackson, TN | $909,692 | $610,826 |
Curiosity Lab At Peachtree Corners Inc Peachtree Corners, GA | $759,235 | $737,622 |