Ecdc Enterprise Development Group
- Assets
- $19.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Arlington, VA
- Founding
- 05/2001
- Data as of
- 09/2022
- EIN
- 54-1993252
Organization Overview
Ecdc Enterprise Development Group is located in Arlington, VA. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, Ecdc Enterprise Development Group employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ecdc Enterprise Development Group 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 09/2022, Ecdc Enterprise Development Group generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $1.9m during the year ending 09/2022. While expenses have increased by 9.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMUNITY AND EONOMIC DEVELOPMENT BY SERVING AS A MICROLOAN INTERMEDIARY PROVIDING TECHNICAL ASSISTANCE, AND MICRO FINANCING TO SMALL BUSINESSES OPERATED BY LOW TO MODERATE INCOME ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MICRO ENTERPRISE DEVELOPMENT PROGRAM PROVIDES MICRO LOANS AND TECHNICAL ASSISTANCE TO SMALL BUSINESS ENTREPRENEURS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tsehaye Teferra PHD President | OfficerTrustee | 24 | $78,104 |
Allene F Wright Vice President | Officer | 4 | $0 |
Frederick Schultz Jr Director Trustee | Trustee | 1 | $0 |
Zed Wendimu Director Trustee | Trustee | 1 | $0 |
Gebreselassie Gebremariam Director Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,780,742 |
| All other contributions, gifts, grants, and similar amounts not included above | $763,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,544,289 |
| Total Program Service Revenue | $627,016 |
| Investment income | $4,342 |
| 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 | $5,175,747 |
| 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. | $78,104 |
| Compensation of current officers, directors, key employees. | $31,403 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $908,294 |
| Pension plan accruals and contributions | $116,743 |
| Other employee benefits | $156,403 |
| Payroll taxes | $82,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,142 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,583 |
| Office expenses | $11,026 |
| Information technology | $1,181 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $833 |
| Interest | $56,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,405 |
| Insurance | $0 |
| All other expenses | $36,865 |
| Total functional expenses | $1,909,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,771,336 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $360,047 |
| Accounts receivable, net | $877,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,565,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $4,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,647,592 |
| Total assets | $19,227,523 |
| Accounts payable and accrued expenses | $629,780 |
| Grants payable | $0 |
| Deferred revenue | $123,595 |
| 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 | $5,846,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,600,140 |
| Net assets without donor restrictions | $12,627,383 |
| 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 | $19,227,523 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ecdc Enterprise Development Group has recieved totaling $25,505.
| Awarding Organization | Amount |
|---|---|
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF COMMUNITY PROGRAMS | $10,000 |
Virginia Community Action Partnership Richmond, VA PURPOSE: Earned Income Tax Initiative | $8,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
P H P Inc Hopkinsville, KY | $1,933,207 | $15,725,161 |