Civic Intelligence

Entrepreneurship Foundation Inc.

990 • Fiscal year 2020 • EIN 26-1377831

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 11, 2021

Organization Profilewww.EntrepreneurshipFoundation.org
425 Katona DriveFairfield, CT 06824

(203) 540-5903

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.39x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.26x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

54th percentile

7.8%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

85th percentile

$25,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$129,840

Up $90,395 (+229%) from 2011

Net Assets

Up

$78,748

Up $57,303 (+267%) from 2011

Liabilities

Up

$51,092

Up $33,092 (+184%) from 2011

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin54th percentile

Revenue

Up

$199,819

Up $178,644 (+844%) from 2011

Expenses

Up

$184,244

Up $153,033 (+490%) from 2011

Net Income

Up

$15,575

Up $25,611 (+255%) from 2011

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $49,481Liabilities 2010: $18,000Net Assets 2010: $31,4812010Assets 2011: $39,445Liabilities 2011: $18,000Net Assets 2011: $21,4452011Assets 2020: $129,840Liabilities 2020: $51,092Net Assets 2020: $78,7482020Assets 2021: $192,746Liabilities 2021: $104,842Net Assets 2021: $87,9042021Assets 2022: $160,919Liabilities 2022: $20,880Net Assets 2022: $140,0392022Assets 2023: $268,708Liabilities 2023: $4,100Net Assets 2023: $264,6082023Assets 2024: $193,831Liabilities 2024: $869Net Assets 2024: $192,9622024

Highlighted filing

2020

Assets$129,840
Liabilities$51,092
Net Assets$78,748
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $2,682Expenses 2010: $12,809Net Income 2010: -$10,1272010Revenue 2011: $21,175Expenses 2011: $31,211Net Income 2011: -$10,0362011Revenue 2020: $199,819Expenses 2020: $184,244Net Income 2020: $15,5752020Revenue 2021: $276,619Expenses 2021: $267,463Net Income 2021: $9,1562021Revenue 2022: $376,243Expenses 2022: $324,108Net Income 2022: $52,1352022Revenue 2023: $370,026Expenses 2023: $245,457Net Income 2023: $124,5692023Revenue 2024: $102,173Expenses 2024: $173,819Net Income 2024: -$71,6462024

Highlighted filing

2020

Revenue$199,819
Expenses$184,244
Net Income$15,575
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 11, 2021
Return Version
2020v4.0
Gross Receipts
$199,819
Mission and Program Overview

Mission

Our mission is to provide effective resources and support for Educators and Entrepreneurs.

Our mission is to provide effective resources for Educators and Entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$50,172$100,176▲ $50,004
Rtn Earn Endowment Incm Other Fnds$63,173$78,748▲ $15,575
Pledges and Grants Receivable$55,691$45,750▼ $9,941
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cash and Non-Interest-Bearing Accounts$-8,398$-16,086▼ $7,688
Total Assets$97,465$129,840▲ $32,375
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$25,000$25,000→ $0
Escrow Account Liability$9,292$18,092▲ $8,800
Grants Payable$0$8,000▲ $8,000
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$34,292$51,092▲ $16,800
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,173$78,748▲ $15,575
Total Liabilities and Net Assets / Fund Balance$97,465$129,840▲ $32,375
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael RoerPresidentPT$25,000$25,000
Dale JasinskiVice PresidentPT$17,500$17,500
Robert DorfTrainorPT$15,000$15,000

Board Members and Trustees

NameTitle
Doug CampbellMember of Board of Directors
Evan KippermanMember of Board of Directors
Konsantine DrakonakisMember of Board of Directors
Tom NassrMember of Board of Directors
Cliff EnnicoCorporate Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$199,414
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$400
All Other Contributions
$3,533
Change in Net Assets
$15,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$83,842
Salaries, Compensation, and Employee Benefits$57,500
Other Expenses$42,902
Total Fundraising Expense$7,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$73,700--$73,700
Current Officers, Directors, Trustees, and Key Employees$37,500$12,500$7,500$57,500
Information Technology$0$11,538$0$11,538
Grants to Domestic Orgs$10,142--$10,142
Advertising$587$8,669$0$9,256
Other Expenses$7,730$0$0$7,730
Office Expenses$0$4,013$0$4,013
Fees for Services Management$1,997$449$0$2,446
Insurance$0$696$0$696
Travel$583$0$0$583
Total Functional Expenses$138,879$37,865$7,500$184,244
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The return preparer e-mailed a copy of the final version of the Form 990 to each board member before it was filed. However, no board member undertook a review of the form.”

Form 990, Part VI, Section B, Line 15

“The Compensation Committee of the Board meets at the end of each fiscal year to determine compensation for the year ending. All members of the Compensation Committee are Independent Members of the Board. The committee is chaired by the Corporate Secretary.”

Form 990, Part VI, Section C, Line 19

“Upon receipt of a written request, the president will send a pdf of the requested document(s).”

Filing and Contact Details

Filer

Filer Name
Entrepreneurship Foundation Inc
EIN
26-1377831
Phone
2035405903
Address
425 Katona Drive, Fairfield, CT 06824

Signing Officer

Name
Michael Roer
Title
President
Phone
2035405903
Signed
2021-10-11

Organization Details

Principal Officer
Michael Roer
Formed
2007
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“TRAINING, MENTORING AND ONLINE INFORMATION TO HELP ENTREPRENEURS COPE WITH COVID. A team of more than 30 staff and volunteers and student interns assisted 37 companies.”

Form 990, Part IX, Line 24E

“Program Expenses”

Financial Statement Notes

Schedule D, Part IV, Line 2B

“The Foundation is the Fiscal Agent for the Connecticut Entrepreneur Awards program (CEA). The CEA is not a legal entity but rather a consortium of NGOs and volunteers that organize and manage an annual event to honor those in the state who have contributed to promoting entrepreneurship. The Foundation collects all funds and remits payments for associate expenses. The event currently enjoys a surplus. In 2021 as of this writing, the event was fomally absorbed as an official program of the Foundation. In future, the current surplus (now shown as a liability) will be reflected as a net income in 2022.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0131
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Our mission is to provide effective resources and support for Educators and Entrepreneurs.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt063173
IRS990/NetAssetsOrFundBalancesEOYAmt078748
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0400
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0400
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04013
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt04013
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Entrepreneur Showcases (Pop-up Shops)
IRS990/OtherExpensesGrp/Desc1CT Registration and Annual Report Fees
IRS990/OtherExpensesGrp/Desc2New Venture Challenge Incollegiate Course
IRS990/OtherExpensesGrp/Desc3Prepaid Membership for Students at a Maker Space
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt04950
IRS990/OtherExpensesGrp/ProgramServicesAmt1196
IRS990/OtherExpensesGrp/ProgramServicesAmt21494
IRS990/OtherExpensesGrp/ProgramServicesAmt37730
IRS990/OtherExpensesGrp/TotalAmt04950
IRS990/OtherExpensesGrp/TotalAmt1196
IRS990/OtherExpensesGrp/TotalAmt21494
IRS990/OtherExpensesGrp/TotalAmt37730
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055691
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Michael Roer
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING, MENTORING AND ONLINE INFORMATION TO HELP ENTREPRENEURS COPE WITH COVID. A team of more than 30 staff and volunteers and student interns assisted 37 companies.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018029
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0SUPPORTING NEW MINORITY-LED INCUBATORS AND CO-WORKING SPACES. The Foundation provided makerspace equipment for new incubators in Bridgeport and New Haven; and undwrote memberships for 20 students at these facilities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07730
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NEW VENTURE CHALLENGE Intercollegiate couse in Entrepreneurship serving 30 students
IRS990/ProgSrvcAccomActyOtherGrp/Desc1HACKATHON - 63 students and grads served from 25 universities

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$129,840
Liabilities
$51,092
Net assets
$78,748
Revenue
$199,819
Expenses
$184,244
Net income
$15,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$1.02$1.74$0.72
2023Detailed filing. Detailed filing data is available for this year.$2.69$0.04$2.65$3.70$2.45$1.25
2022Detailed filing. Detailed filing data is available for this year.$1.61$0.21$1.40$3.76$3.24$0.52
2021Detailed filing. Detailed filing data is available for this year.$1.93$1.05$0.88$2.77$2.67$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.51$0.79$2.00$1.84$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.18$0.21$0.21$0.31$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.18$0.31$0.03$0.13$0.10