Center For Technology Enterprise & Development
- Assets
- $630.6k
- Revenue
- $604.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Delray Beach, FL
- Founding
- 11/1997
- Data as of
- 09/2018
- EIN
- 65-0362710
Organization Overview
Center For Technology Enterprise & Development is located in Delray Beach, FL. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2018, Center For Technology Enterprise & Development employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Technology Enterprise & Development 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 09/2018, Center For Technology Enterprise & Development generated $604.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $619.2k during the year ending 09/2018. While expenses have increased by 2.8% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING, EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS INCUBATOR PROGRAM TO ASSIST NEW & EMERGING BUSINESSES TO MANAGE RISKS & MAXIMIZE RESOURCES
WOMENS BUSINESS CENTER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seabron Smith Exec. Dir. | Officer | 40 | $0 |
Nadine Hart Secretary | Officer | 2 | $0 |
Tony Newbold President | Officer | 5 | $0 |
George Psoinos Vice President | Officer | 2 | $0 |
Arnold Broussard Treasurer | Officer | 2 | $0 |
Carol Molnar Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,493 |
| Investment income | $434 |
| 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 | $604,534 |
| 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. | $125,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,333 |
| Payroll taxes | $26,840 |
| 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 | $4,393 |
| Office expenses | $19,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,411 |
| Travel | $8,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,226 |
| Insurance | $6,800 |
| All other expenses | $0 |
| Total functional expenses | $619,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,645 |
| 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 | $148,184 |
| Total assets | $630,629 |
| Accounts payable and accrued expenses | $10,462 |
| 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 | $120,715 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $236,897 |
| Other liabilities | $90,284 |
| Total liabilities | $458,358 |
| Net assets without donor restrictions | $172,271 |
| 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 | $172,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Technology Enterprise & Development has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Florida Business Development Corporation Tampa, FL PURPOSE: ECONOMIC DEVELOPMENT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bay Park Conservancy Inc Sarasota, FL | $16,645,209 | $18,178,827 |
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |