Entrepreneurs Edge Inc
- Assets
- $4.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Independence, OH
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 56-2485594
Organization Overview
Entrepreneurs Edge Inc is located in Independence, OH. The organization was established in 2005. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Entrepreneurs Edge Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entrepreneurs Edge Inc 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, Entrepreneurs Edge Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $954.4k during the year ending 12/2021. While expenses have increased by 5.1% 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 ENHANCE ECONOMIC DEVELOPMENT IN NORTHEAST OHIO THROUGH INNOVATION AND ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDGE'S VISION IS TO MAKE NORTHEAST OHIO A PREEMINENT LOCATION FOR MIDSIZE COMPANIES. WITH THAT IN MIND, WE PROVIDE 4 PRIMARY PROGRAMS.1) MEMBERSHIP - EDGE DESIGNS EDUCATIONAL PROGRAMS FOR MEMBER MIDSIZE COMPANY CEOS AND THEIR LEADERSHIP TEAMS TO LEARN WITH AND FROM EACH OTHER VIA PEER-TO-PEER LEARNING AND OUTSIDE EXPERTS.2) SCALERATOR - AN INTENSE CLASSROOM BASED PROGRAM TARGETING SMALLER COMPANY MANAGEMENT TEAMS WHO WISH TO GROW THEIR COMPANIES.3) INNOQUEST- A PEER GROUP PROGRAM PROVIDING EXPERIENTIAL LEARNING TO COMPANY INNOVATION LEADERS.4) EDGE FELLOWS - A GRADUATE LEVEL STUDENT INTERN PROGRAM. STUDENTS WORK WITH COMPANIES TO EVALUATE NEW MARKET OPPORTUNITIES. EDGE FINDS THE PROJECTS, HIRES STUDENTS, & PROVIDES SUPERVISION & MENTORSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Kirk Neiswander President | OfficerTrustee | 40 | $218,727 |
Douglas Suna COO | 40 | $121,000 | |
Lee A Chilcote Secretary | OfficerTrustee | 1 | $0 |
Sanjay Singh Board Member | Trustee | 1 | $0 |
Joe Majewski Board Member | Trustee | 1 | $0 |
David O'halloran Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $149,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $520,013 |
| Total Program Service Revenue | $455,727 |
| Investment income | $29,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,995 |
| Net Income from Fundraising Events | $35,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,974 |
| 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. | $294,372 |
| Compensation of current officers, directors, key employees. | $123,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,572 |
| Pension plan accruals and contributions | $17,239 |
| Other employee benefits | $1,218 |
| Payroll taxes | $32,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $16,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,872 |
| Advertising and promotion | $5,940 |
| Office expenses | $7,696 |
| Information technology | $3,892 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,633 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,610 |
| Insurance | $918 |
| All other expenses | $21,076 |
| Total functional expenses | $954,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,150 |
| 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 | $973 |
| Net Land, buildings, and equipment | $5,572 |
| Investments—publicly traded securities | $3,826,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400,452 |
| Total assets | $4,267,763 |
| Accounts payable and accrued expenses | $17,331 |
| Grants payable | $0 |
| Deferred revenue | $30,900 |
| 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 | $400,473 |
| Total liabilities | $448,704 |
| Net assets without donor restrictions | $3,819,059 |
| 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 | $4,267,763 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Entrepreneurs Edge Inc has recieved totaling $73,500.
| Awarding Organization | Amount |
|---|---|
Harvard Business School Club Of Cleveland Fund Pittsburgh, PA PURPOSE: SUPPORT OF INSTITUTION | $40,000 |
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: FOR THE 2021 EDGE FELLOWS PROGRAM TO SUPPORT FELLOWS WORKING WITH SCALERATOR NEO COMPANIES | $26,000 |
Cleveland Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT | $6,500 |
Gries Family Foundation Cleveland, OH PURPOSE: OPERATING SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
569 Directions Credit Union Inc Toledo, OH | $1,165,662,447 | $46,146,625 |
Food Gatherers Ann Arbor, MI | $16,131,759 | $18,319,883 |
Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |