Beaver Street Enterprise Center Inc
- Assets
- $195.3k
- Revenue
- $407.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Jacksonville, FL
- Founding
- 03/2002
- Data as of
- 09/2020
- EIN
- 59-3679602
Organization Overview
Beaver Street Enterprise Center Inc, operating under the name Beaver Street Enterprise Center In, is located in Jacksonville, FL. The organization was established in 2002. 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 09/2020, Beaver Street Enterprise Center In employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beaver Street Enterprise Center In 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 09/2020, Beaver Street Enterprise Center In generated $407.4k in total revenue. All expenses for the organization totaled $431.0k during the year ending 09/2020. While expenses have increased by 8.3% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BEAVER STREET ENTERPRISE CENTER, INC. IS TO STIMULATE ECONOMIC GROWTH THROUGH ENTREPRENEURIAL DEVELOPMENT. TO ACHIEVE THIS MISSION, THE ENTERPRISE CENTER RECRUITS, TRAINS AND NURTURES ENTRPRENEURIAL TALENT TO FUEL GROWTH, CREATE WEALTH AND ENCOURAGE REINVESTMENT IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SMALL START-UP ORGANIZATIONS A COST EFFECTIVE FACILITY WITH ONGOING TRAINING AND COUNSELING TO HELP THE SMALL BUSINESSES THRIVE AND BECOME PROFITABLE BUSINESSES THAT CAN GIVE BACK TO THE COMMUNITY.
PROVIDING SMALL START-UP ORGANIZATIONS A COST EFFECTIVE FACILITY WITH ONGOING TRAINING AND COUNSELING TO HELP THE SMALL BUSINESSES THRIVE AND BECOME PROFITABLE BUSINESSES THAT CAN GIVE BACK TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Boydston Officer | Officer | 0 | $0 |
Cord Butler Officer | Officer | 0 | $0 |
Hanan Furqan Officer | Officer | 0 | $0 |
Kevin Monahan Officer | Officer | 0 | $0 |
Richard Stein Jr Officer | Officer | 0 | $0 |
Glenda Torres Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,903 |
| Investment income | $0 |
| 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 | $407,360 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,475 |
| Travel | $0 |
| 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 | $29,698 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $430,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,348 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,250 |
| Accounts payable and accrued expenses | $19,689 |
| 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 | $1,174,493 |
| Total liabilities | $1,194,182 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$998,932 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Beaver Street Enterprise Center Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
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 |
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 |
Curiosity Lab At Peachtree Corners Inc Peachtree Corners, GA | $759,235 | $737,622 |
Beaver Street Enterprise Center Inc Jacksonville, FL | $195,250 | $407,360 |
Birmingham Business Resource Center Inc Birmingham, AL | $2,142,207 | $111,250 |
Marietta Welcome Center Inc Marietta, GA | $323,025 | $326,253 |