EIN 26-1377831

Entrepreneurship Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2007
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Entrepreneurship Foundation's mission is to provide effective resources and support for Educators and Entrepreneurs. They responded to the requests from the regional Chamber of Commerce and embarked on a program to support the manufacturing industry in Connecticut using an ARPA grant. For over 18 years, they have operated business plan competitions for Connecticut students and residents to encourage entrepreneurship, serving 70 individuals, 14 institutions of higher learning, and 3 high schools in 2022.
Total revenues
$370,026
2023
Total expenses
$245,457
2023
Total assets
$268,708
2023
Num. employees
0
2023

Program areas at Entrepreneurship Foundation

WORKFORCE DEVELOPMENT. Responding to the requests from the regional Chamber of Commerce and with an ARPA grant, the Foundation embarked on a program to support the manufacturing industry in the state of Connecticut that has suffered supply chain interruptions from COVID and a chronic shortage of skilled labor. As a result, we launched a marketing campaign to encourage young people to pursue manufacturing as a business (to expand the existing supply chain) or as a career to bolster HR resources for the companies. Events included career fairs and manufacturing trade shows with young companies and startups as suppliers and established firms as buyers.
ENTREPRENEUR SALES OUTLET. The Entrepreneurship Foundation supports a sales outlet for 25 entrepreneurs to showcase and sell their products. This outlet is a brick and mortar location in downtown Bridgeport. The Foundation also provides and maintains an online store for the same purpose and organizes free pop-ups and booths at farmers markets.
BUSINESS PLAN COMPETITIONS for residents and businesses located in CT through two competitions: 1) The BRIDGEPORT BUSINESS CHALLENGE, whereby $69,698 in startup and growth grants were distributed among 30 finalists, chosen from over 100 entries from students, startups and established companies in the greater Bridgeport region. More than 20 volunteer judges helped to select the most promising companies in two rounds and three categories. 2) The NEW PRODUCT COMPETITION, that allocated $30,750 in R&D grants among 25 entries.
ENTREPRENEURS SOCIETY. A series of educational and networking events for entrepreneurs. Expense shown was for a software platform to track the progress of the young companies, and for meeting supplies, primarily name tags and signage. The Foundation provided mentoring for 40 individual entrepreneurs, and conducted free business training sessions for hundreds more.
CCEE (Conntecticut Consortium for Entrepreneurship Educators). The Foundation hosted a meeting of 14 member colleges and universities of the CT Consortium for Entrepreneurship Education (CCEE) on February 17 to discuss priorities, strategies and funding. Funds expended were for refreshments.

Grants made by Entrepreneurship Foundation

GranteeGrant descriptionAmount
Metropolitan Bridgeport (UB)To Provide Grants To Students and Faculty for Translational Research for Discoveries With Commericial Potential.$10,000
Housatonic Community College FoundationScholarships for Manufacturing Accelerator and A Steam Conference.$8,000

Who funds Entrepreneurship Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community Economic Development Fund FoundationProgram Support$5,000

Personnel at Entrepreneurship Foundation

NameTitleCompensation
Michael RoerPresident$35,000

Financials for Entrepreneurship Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$370,020
Program services$0
Investment income and dividends$6
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$370,026

Form 990s for Entrepreneurship Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-20990View PDF
2022-122023-08-16990View PDF
2021-122022-11-11990View PDF
2020-122021-10-11990View PDF
2019-122021-04-27990EZView PDF
...and 6 more Form 990s
Data update history
November 25, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from The Community Economic Development Fund Foundation
September 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 27, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
425 Katona Dr
Fairfield, CT 06824
Metro area
Bridgeport-Stamford-Norwalk, CT
County
Greater Bridgeport Planning Region, CT
Website URL
entrepreneurshipfoundation.org/ 
Phone
(203) 540-5903
IRS details
EIN
26-1377831
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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