EIN 30-0002632

The Enterprise Center Community Development Corporation (TEC)

Name: The Enterprise Center Community Development Corporation (TEC) financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Philadelphia

State

Pennsylvania

Year formed

2001

Most recent tax filings

2022-06-01

NTEE code, primary

S43: Management Services for Small Business, Entrepreneurs

Description

The Enterprise Center (TEC) provides access to capital, building capacity, business education and economic development opportunities to high-potential, minority entrepreneurs.

Related structure

TEC is a subordinate organization under The Enterprise Center (TEC).

Also known as...

Enterprise Center

Total revenues

$3,926,545

2022

Total expenses

$3,197,611

2022

Total assets

$13,898,762

2022

Num. employees

2022

Program areas at TEC

Preconstruction and construction activities related to Community and economic Development in west philadelphia. Impact on low income neighborhood from beautification is not measurable.

Who funds The Enterprise Center Community Development Corporation (TEC)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Kresge Foundation	2021-12	Operating Support To Continue To Bolster the Enterprise Center's Creative Placemaking Activities and Participation in Kresge's Building and Supporting Equitable Development (Based) Initiative.	$200,000
Local Initiatives Support Corporation	2021-12	See Part Iv	$94,100
Barra Foundation	2021-12	Entity Support - Director's Grant	$10,000
...and 1 more grant received

Personnel at TEC

Name	Title	Compensation	Date of data
Mary Austin, Evp &	Executive Vice President and Chief Financial Officer		2021-06-20
Evp Victoria Hosendorf	Executive Vice President Business Team		2021-06-20
Della Clark	President	$0	2023-07-09
Ian Lawrence	Senior Capital Director		2021-06-20
Lowell Thomas	First Vice Chair	$0	2022-06-30
...and 1 more key personnel

Financials for TEC

Revenues	FYE 06/2022	FYE 06/2021	% Change
Total grants, contributions, etc.	$3,188,658	$1,701,634	87.4%
Program services	$488,218	$383,681	27.2%
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$249,669	$1,243	19986%
Total revenues	$3,926,545	$2,086,558	88.2%

Form 990s for TEC

Fiscal year ending	Date received by IRS	Form	PDF link
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-13	990	View PDF
2020-06	2022-05-28	990	View PDF
2019-06	2020-11-07	990	View PDF
2018-06	2019-04-15	990	View PDF
...and 8 more Form 990s

Organizations like TEC

Organization	Type	Location	Revenue
Rural Enterprises of Oklahoma	501(c)(3)	Durant, OK	$15,173,432
BCL of Texas	501(c)(3)	Austin, TX	$6,954,395
Metropolitan Economic Development Association	501(c)(3)	Minneapolis, MN	$6,566,738
Impact Seven	501(c)(3)	Rice Lake, WI	$17,926,158
Community Investment Collaborative	501(c)(3)	Charlottesville, VA	$2,244,096
Northeast Indiana Innovation Center	501(c)(3)	Fort Wayne, IN	$1,562,113
Western Colorado Business Development Corporation	501(c)(3)	Grand Junction, CO	$2,298,721
Thurston Economic Development Council Center for Business and Innovation	501(c)(3)	Lacey, WA	$988,794
Southside Business Technology Center	501(c)(3)	Danville, VA	$1,752,354
Oma Educational and Industrial Development Institute	501(c)(3)	Columbus, OH	$1,030,901

Data update history

July 9, 2023

Updated personnel

Identified 3 new personnel

July 7, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 27, 2023

Used new vendors

Identified 3 new vendors, including , , and

May 25, 2023

Updated personnel

Identified 2 new personnel

May 21, 2023

Received grants

Identified 2 new grant, including a grant for $200,000 from Kresge Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Community improvementEconomic developmentBusiness and industry

Characteristics

Receives government fundingTax deductible donations

General information

Address: 4548 Market St; Philadelphia, PA 19139
Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County: Philadelphia County, PA
Website URL: theenterprisecenter.com/about-us/enterprise-center-board-directors
Phone: (215) 895-4000
Facebook page: TECCDC
Twitter profile: @philatec

IRS details

EIN: 30-0002632
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

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The Enterprise Center Community Development Corporation (TEC)

Program areas at TEC

Who funds The Enterprise Center Community Development Corporation (TEC)

Personnel at TEC

Financials for TEC

Form 990s for TEC

Organizations like TEC

Nonprofits

Product

Customers

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