Civic Intelligence

Emerging Enterprise Center Inc.

990 • Fiscal year 2017 • EIN 27-3709704

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

Organization ProfileWWW.EECINCUBATOR.COM
900-920 Justison StreetWilmington, DE 19801

(302) 737-4343

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-10%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

99th percentile

$193,982

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 64.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

207%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$290,307

Up $64,658 (+29%) from 2016

Net Assets

Down

$179,440

Down $30,756 (-15%) from 2016

Liabilities

Up

$110,867

Up $95,414 (+617%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin23rd percentile

Revenue

Up

$302,194

Up $203,703 (+207%) from 2016

Expenses

Up

$332,950

Up $25,370 (+8.2%) from 2016

Net Income

Up

-$30,756

Up $178,333 (+85%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $950Net Assets 2013: $9502013Assets 2015: $453,999Liabilities 2015: $34,714Net Assets 2015: $419,2852015Assets 2016: $225,649Liabilities 2016: $15,453Net Assets 2016: $210,1962016Assets 2017: $290,307Liabilities 2017: $110,867Net Assets 2017: $179,4402017Assets 2018: $467,276Liabilities 2018: $136,175Net Assets 2018: $331,1012018Assets 2019: $444,786Liabilities 2019: $130,970Net Assets 2019: $313,8162019Assets 2020: $577,007Liabilities 2020: $261,002Net Assets 2020: $316,0052020Assets 2021: $582,021Liabilities 2021: $227,895Net Assets 2021: $354,1262021Assets 2022: $1,965,516Liabilities 2022: $1,288,377Net Assets 2022: $677,1392022Assets 2024: $1,454,874Liabilities 2024: $749,067Net Assets 2024: $705,8072024

Highlighted filing

2017

Assets$290,307
Liabilities$110,867
Net Assets$179,440
Open 2017 Filing

Operations Trend

Revenue Growth96th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $1,000Expenses 2013: $50Net Income 2013: $9502013Revenue 2015: $649,823Expenses 2015: $252,998Net Income 2015: $396,8252015Revenue 2016: $98,491Expenses 2016: $307,580Net Income 2016: -$209,0892016Revenue 2017: $302,194Expenses 2017: $332,950Net Income 2017: -$30,7562017Revenue 2018: $751,880Expenses 2018: $600,220Net Income 2018: $151,6602018Revenue 2019: $449,381Expenses 2019: $466,666Net Income 2019: -$17,2852019Revenue 2020: $445,158Expenses 2020: $442,969Net Income 2020: $2,1892020Revenue 2021: $487,502Expenses 2021: $449,381Net Income 2021: $38,1212021Revenue 2022: $780,144Expenses 2022: $457,131Net Income 2022: $323,0132022Revenue 2024: $498,769Expenses 2024: $486,753Net Income 2024: $12,0162024

Highlighted filing

2017

Revenue$302,194
Expenses$332,950
Net Income-$30,756
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$302,194
Mission and Program Overview

Mission

To enhance the chances for success of persons starting new businesses, by facilitating the education and business skill development, through a comprehensive program of support, advice and access, so that they can graduate with a sustainable business model which will enable them to substantially contribute to the social mission of improving the overall economic health of the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$221,713$233,416▲ $11,703
Accounts Receivable$1,546$52,641▲ $51,095
Prepaid Expenses and Deferred Charges$2,390$4,250▲ $1,860
Total Assets$225,649$290,307▲ $64,658
Liabilities
Accounts Payable and Accrued Expenses$15,313$109,333▲ $94,020
Deferred Revenue$140$1,534▲ $1,394
Total Liabilities$15,453$110,867▲ $95,414
Net Assets / Fund Balance
Temporarily Rstr Net Assets$333,096$242,851▼ $90,245
Unrestricted Net Assets$-122,900$-63,411▲ $59,489
Total Net Assets Fund Balance$210,196$179,440▼ $30,756
Total Liabilities and Net Assets / Fund Balance$225,649$290,307▲ $64,658
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Bob ChadwickPresident$120,128$120,128
TERRI O'NEALTreasurer$89,087$89,087

Board Members and Trustees

NameTitle
Mark KleinschmidtPresident
Matthew ParksDirector
Pamela ScottDirector
Tim BouldenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$136,250
Program Service Revenue
$28,862
Investment Income
$0
Other Revenue
$137,082
All Other Contributions
$11,250
Change in Net Assets
$-30,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$302,194
Total Revenue per Audited Statements
$302,194
Total Revenue per Form 990
$302,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,543
Total Fundraising Expense$75,518
Salaries, Compensation, and Employee Benefits$42,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$47,766$49,214$47,766$144,746
Other Salaries and Wages$15,725$20,160$4,434$40,319
Other Expenses$2,116$2,180$2,116$6,412
All Other Expenses$1,023$1,054$1,023$3,100
Payroll Taxes$834$835$419$2,088
Advertising$246$253$246$745
Travel$67$70$68$205
Total Functional Expenses$162,108$95,324$75,518$332,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$332,950
Total Expenses per Audited Statements$332,950
Total Expenses per Form 990$332,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The treasurer reviews the 990, then submits to the president for review and approval of the 990. Once approved by the president the auditors have permission to file the 990.”

Form 990, Page 6, Part VI, Line 19

“The organization does not publish its governing documents publicly. However, the organization would allow its members and the public to review certain documents upon written request.”

Filing and Contact Details

Filer

Filer Name
Emerging Enterprise Center Inc
EIN
27-3709704
Phone
3027374343
Address
900-920 JUSTISON STREET, WILMINGTON, DE 19801

Signing Officer

Name
Bob Chadwick
Title
President
Phone
3022942056
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Chadwick
Formed
2013
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
1

Preparer

Firm
Whisman Giordano & Associates LLC
Address
111 CONTINENTAL DR STE 210, NEWARK, DE 19713-4330
Preparer
Joseph a Giordano CPA
Phone
3022660202
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To enhance the chances for success of persons starting new businesses, by facilitating the education and business skill development, through a comprehensive program of support, advice and access, so that they can graduate with a sustainable business model which will enable them to substantially contribute to the social mission of improving the overall economic health of the region.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Eec is a nonprofit entitiy that is exempt from federal and state income taxes under the provisions of section 501(c)(3) of the internal revenue code; therefore no provision for income taxes has been made in the financial statements. In addition, the center has been classified as one that is not a private foundation within the meaning of section 509(a) of the internal revenue code and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Although eec is not subject to federal and state income taxes, eec is required to adhere to asc 740, "accounting for income taxes" which applies to all entities including those that are tax exempt under 501(c)(3). Asc 740 clarifies the accounting and reporting for income taxes where interpretation of the tax law may be uncertain. Asc 740 prescribes a comprehensive model for the financial statements recognition, measurement, presentation and disclosure of income tax uncertainties with respect to positions taken or expected to be taken in income tax returns. Management has reviewed its current and past federal income tax positions and has determined, based on clear and unambiguous tax law and regulations, that the tax positions taken are certain and that there is no likelihood that a material tax assessment would be made if the respective government agency examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded. Currently, the december 31, 2015 and 2016 tax years are open and subject to examination by the internal revenue service; however, eec is not currently under audit nor has eec been contacted by this jurisdiction. Any interest and penalties related to income taxes would be in income tax expenses. There are no interest and penalties as of december 31, 2017.”

Raw XML AppendixShowing 400 of 424 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015313
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0109333
IRS990/AccountsReceivableGrp/BOYAmt01546
IRS990/AccountsReceivableGrp/EOYAmt052641
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH A SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.
IRS990/AdvertisingGrp/FundraisingAmt0246
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0253
IRS990/AdvertisingGrp/ProgramServicesAmt0246
IRS990/AdvertisingGrp/TotalAmt0745
IRS990/AllOtherContributionsAmt011250
IRS990/AllOtherExpensesGrp/FundraisingAmt01023
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01054
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01023
IRS990/AllOtherExpensesGrp/TotalAmt03100
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EMERGING ENTERPRISES CENTER INC
IRS990/BooksInCareOfDetail/PhoneNum03023685700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt012 PENNS WAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW CASLTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019720
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0221713
IRS990/CashNonInterestBearingGrp/EOYAmt0233416
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0136250
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0290543
IRS990/CYOtherRevenueAmt0137082
IRS990/CYProgramServiceRevenueAmt028862
IRS990/CYRevenuesLessExpensesAmt0-30756
IRS990/CYSalariesCompEmpBnftPaidAmt042407
IRS990/CYTotalExpensesAmt0332950
IRS990/CYTotalFundraisingExpenseAmt075518
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0302194
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0140
IRS990/DeferredRevenueGrp/EOYAmt01534
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH A SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0162108
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt022582
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118273
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt212514
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK KLEINSCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm1BOB CHADWICK
IRS990/Form990PartVIISectionAGrp/PersonNm2TERRI O'NEAL
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM BOULDEN
IRS990/Form990PartVIISectionAGrp/PersonNm5PAMELA SCOTT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0171400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1101855
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt276573
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0125000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0302194
IRS990/GrossRentsGrp/RealAmt0137082
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH A SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0210196
IRS990/NetAssetsOrFundBalancesEOYAmt0179440
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0137082
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0137082
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt047766
IRS990/OccupancyGrp/ManagementAndGeneralAmt049214
IRS990/OccupancyGrp/ProgramServicesAmt047766
IRS990/OccupancyGrp/TotalAmt0144746
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0MEMBER PROGRAMS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
IRS990/OtherExpensesGrp/FundraisingAmt012487
IRS990/OtherExpensesGrp/FundraisingAmt16959
IRS990/OtherExpensesGrp/FundraisingAmt22116
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01341
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113047
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27170
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32180
IRS990/OtherExpensesGrp/ProgramServicesAmt065690
IRS990/OtherExpensesGrp/ProgramServicesAmt121681
IRS990/OtherExpensesGrp/ProgramServicesAmt26960
IRS990/OtherExpensesGrp/ProgramServicesAmt32116
IRS990/OtherExpensesGrp/TotalAmt067031
IRS990/OtherExpensesGrp/TotalAmt147215
IRS990/OtherExpensesGrp/TotalAmt221089
IRS990/OtherExpensesGrp/TotalAmt36412
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04434
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020160
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015725
IRS990/OtherSalariesAndWagesGrp/TotalAmt040319
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0419
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0835
IRS990/PayrollTaxesGrp/ProgramServicesAmt0834
IRS990/PayrollTaxesGrp/TotalAmt02088
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04250
IRS990/PrincipalOfficerNm0BOB CHADWICK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2PUBLICATION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020739
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17123
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013430
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0281948
IRS990/PYOtherRevenueAmt045305
IRS990/PYProgramServiceRevenueAmt039756
IRS990/PYRevenuesLessExpensesAmt0-209089
IRS990/PYSalariesCompEmpBnftPaidAmt025632
IRS990/PYTotalExpensesAmt0307580
IRS990/PYTotalRevenueAmt098491
IRS990/ReconcilationRevenueExpnssAmt0-30756
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0137082
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0136250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt013430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0594199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0247488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0992367
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0137082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt045305
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt032248
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029765
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0244400
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0304410
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0992367
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0136250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0594199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0247488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0992367
IRS990ScheduleA/TotalSupportAmt01236767
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0332950
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0302194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EEC IS A NONPROFIT ENTITIY THAT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE CENTER HAS BEEN CLASSIFIED AS ONE THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). ALTHOUGH EEC IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, EEC IS REQUIRED TO ADHERE TO ASC 740, "ACCOUNTING FOR INCOME TAXES" WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT UNDER 501(C)(3). ASC 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENTS RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE DECEMBER 31, 2015 AND 2016 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, EEC IS NOT CURRENTLY UNDER AUDIT NOR HAS EEC BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE IN INCOME TAX EXPENSES. THERE ARE NO INTEREST AND PENALTIES AS OF DECEMBER 31, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt0332950
IRS990ScheduleD/TotalRevenuePerForm990Amt0302194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0302194
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0332950
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0156400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt021393
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt01189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK KLEINSCHMIDT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0193982
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH A SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER REVIEWS THE 990, THEN SUBMITS TO THE PRESIDENT FOR REVIEW AND APPROVAL OF THE 990. ONCE APPROVED BY THE PRESIDENT THE AUDITORS HAVE PERMISSION TO FILE THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT PUBLISH ITS GOVERNING DOCUMENTS PUBLICLY. HOWEVER, THE ORGANIZATION WOULD ALLOW ITS MEMBERS AND THE PUBLIC TO REVIEW CERTAIN DOCUMENTS UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0510263513
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0GROUP INSU
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NCCC BENEFITS CONNECTION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0861713
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0193348
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt012 PENNS WAY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0NEW CASTLE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd019720
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW CASTLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0COUNTY CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW CASTLE COUNTY CHAMBER OF COMMER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0510098307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0BUSI DEVEL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900-920 JUSTISON ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WILMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt076064
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW CASTLE COUNTY CHAMBER OF COMM
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0333096
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0242851
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0225649
IRS990/TotalAssetsEOYAmt0290307
IRS990/TotalAssetsGrp/BOYAmt0225649
IRS990/TotalAssetsGrp/EOYAmt0290307
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0136250
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt075518
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095324
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0162108
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015453
IRS990/TotalLiabilitiesEOYAmt0110867
IRS990/TotalLiabilitiesGrp/BOYAmt015453
IRS990/TotalLiabilitiesGrp/EOYAmt0110867
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0210196
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0179440
IRS990/TotalOtherCompensationAmt053369
IRS990/TotalProgramServiceExpensesAmt0162108
IRS990/TotalProgramServiceRevenueAmt028862
IRS990/TotalRevenueGrp/ExclusionAmt0137082
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028862
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302194
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0225649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0290307
IRS990/TotReportableCompRltdOrgAmt0349828
IRS990/TravelGrp/FundraisingAmt068
IRS990/TravelGrp/ManagementAndGeneralAmt070
IRS990/TravelGrp/ProgramServicesAmt067
IRS990/TravelGrp/TotalAmt0205
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-122900
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-63411
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0900-920 JUSTISON ST
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019801
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://WWW.EECINCUBATOR.COM/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOB CHADWICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03022942056
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMERGING ENTERPRISE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0EMER
ReturnHeader/Filer/EIN0273709704
ReturnHeader/Filer/PhoneNum03027374343
ReturnHeader/Filer/USAddress/AddressLine1Txt0900-920 JUSTISON STREET

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$290,307
Liabilities
$110,867
Net assets
$179,440
Revenue
$302,194
Expenses
$332,950
Net income
-$30,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.75$0.71$0.50$0.49$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.97$1.29$0.68$0.78$0.46$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.23$0.35$0.49$0.45$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.26$0.32$0.45$0.44$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.13$0.31$0.45$0.47$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.14$0.33$0.75$0.60$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.11$0.18$0.30$0.33$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.02$0.21$0.10$0.31$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.03$0.42$0.65$0.25$0.40
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00