EIN 30-0002632

The Enterprise Center Community Development Corporation (TEC)

Name: The Enterprise Center Community Development Corporation (TEC) financials for 2023
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

2023-06-01

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

$3,539,141

2023

Total expenses

$3,833,590

2023

Total assets

$27,796,434

2023

Num. employees

2023

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
The Philadelphia Foundation (PF)	2023-12	General Operating Support	$400,000
Kresge Foundation	2023-12	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.	$100,000
The Food Trust	2023-09	Healthy Food Financing Grant To Retailer	$25,000
...and 3 more grants received

Personnel at TEC

Name	Title	Compensation	Date of data
Della Clark	President	$0	2024-09-22

Financials for TEC

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$2,835,292	$3,188,658	-11.1%
Program services	$699,077	$488,218	43.2%
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	$4,772	$249,669	-98.1%
Total revenues	$3,539,141	$3,926,545	-9.9%

Form 990s for TEC

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
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
...and 9 more Form 990s

Organizations like TEC

Organization	Type	Location	Revenue
Flagship Enterprise Center	501(c)(3)	Anderson, IN	$3,448,869
Northeast Indiana Innovation Center	501(c)(3)	Fort Wayne, IN	$2,361,536
Stlventureworks	501(c)(3)	Saint Louis, MO	$1,509,497
Metropolitan Economic Development Association	501(c)(3)	Minneapolis, MN	$9,291,098
Business and Community Lenders of Texas	501(c)(3)	Austin, TX	$3,088,394
Thurston Economic Development Council Center for Business and Innovation	501(c)(3)	Lacey, WA	$4,139,814
Innovation Marquette Enterprise Corporation	501(c)(3)	Marquette, MI	$2,200,288
Wisconsin Womens Business Initiative Corporation (WWBIC)	501(c)(3)	Milwaukee, WI	$15,588,925
Olean Business Development Corporation	501(c)(3)	Olean, NY	$925,080
Aspermont Small Business Development Center	501(c)(3)	Aspermont, TX	$3,661,260

Data update history

September 22, 2024

Updated personnel

Identified 1 new personnel

September 21, 2024

Received grants

Identified 1 new grant, including a grant for $25,000 from The Food Trust

August 10, 2024

Updated personnel

Identified 2 new personnel

July 17, 2024

Posted financials

Added Form 990 for fiscal year 2023

January 3, 2024

Received grants

Identified 5 new grant, including a grant for $211,321 from William Penn Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities

Issues

Community improvementEconomic developmentBusiness and industry

Characteristics

Receives government fundingTax deductible donationsAccepts online 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/
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

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