Jamestown Regional Entrepreneur Center
- Assets
- $199.6k
- Revenue
- $187.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Jamestown, ND
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 82-3190585
Organization Overview
Jamestown Regional Entrepreneur Center is located in Jamestown, ND. The organization was established in 2018. 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 12/2022, Jamestown Regional Entrepreneur Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jamestown Regional Entrepreneur Center 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 12/2022, Jamestown Regional Entrepreneur Center generated $187.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $188.1k during the year ending 12/2022. While expenses have increased by 12.0% per year over the past 5 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 PROVIDE ENTREPRENEURSHIP EVENTS, TRAINING & TECHNICAL ASSISTANCE TO STARTING AND BUILDING A BUSINESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURAL EVENTS, TRAINING AND TECHNICAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Stangeland Vice President | Officer | 0 | $0 |
Katie Hemmer President | Officer | 0 | $0 |
Simon Anderson Treasurer | Officer | 0 | $0 |
Evan Gumke Director | Trustee | 0 | $0 |
Connie Ova Director | Trustee | 0 | $0 |
Rich Garman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,739 |
| Total Program Service Revenue | $0 |
| 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 | $187,807 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $3,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $4,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,991 |
| Advertising and promotion | $25,597 |
| Office expenses | $1,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,155 |
| Travel | $550 |
| 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 | $0 |
| Insurance | $5,125 |
| All other expenses | $0 |
| Total functional expenses | $188,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,644 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,999 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,643 |
| Accounts payable and accrued expenses | $527 |
| 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 | $0 |
| Total liabilities | $527 |
| Net assets without donor restrictions | $199,116 |
| 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 | $199,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jamestown Regional Entrepreneur Center has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Bnsf Foundation Fort Worth, TX PURPOSE: HEALTH & HUMAN SERVICES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Northspan Group Incorporated Duluth, MN | $484,560 | $824,081 |
West Broadway Area Coalition Minneapolis, MN | $5,268,017 | $711,000 |
Downtown Billings Bid Inc Billings, MT | $644,647 | $678,748 |
Mitchell Area Development Corporation Mitchell, SD | $4,585,529 | $855,472 |
Dunn County Fair Association Killdeer, ND | $4,427,351 | $801,598 |
Lemmon Area Charitable And Economic Development Corporation Lemmon, SD | $1,191,759 | $524,299 |
Anaconda Local Development Corp Anaconda, MT | $2,603,988 | $452,869 |