Civic Intelligence

Entrenuity Inc

990 • Fiscal year 2023 • EIN 36-4296679

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

1449 S Michigan AveChicago, IL 60605

(312) 842-3800

Siviq Scores

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

Liabilities / Assets

96th percentile

1.27x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

3.98x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2023

Revenue Growth

34th percentile

-2.3%

Faster revenue growth than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2023

Assets

Up

$3,521,431

Up $1,592,865 (+83%) from 2020

Net Assets

Down

-$948,754

Down $1,406,725 (-307%) from 2020

Liabilities

Up

$4,470,185

Up $2,999,590 (+204%) from 2020

Revenue

Down

$1,122,395

Down $81,070 (-6.7%) from 2020

Expenses

Up

$1,396,237

Up $391,845 (+39%) from 2020

Net Income

Down

-$273,842

Down $472,915 (-238%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $131,772Liabilities 2011: $108,384Net Assets 2011: $23,3882011Assets 2012: $109,679Liabilities 2012: $75,085Net Assets 2012: $34,5942012Assets 2013: $97,754Liabilities 2013: $73,278Net Assets 2013: $24,4762013Assets 2014: $34,879Liabilities 2014: $90,320Net Assets 2014: -$55,4412014Assets 2015: $19,814Liabilities 2015: $83,714Net Assets 2015: -$63,9002015Assets 2017: $39,382Liabilities 2017: $84,359Net Assets 2017: -$44,9772017Assets 2018: $152,636Liabilities 2018: $23,484Net Assets 2018: $129,1522018Assets 2020: $1,928,566Liabilities 2020: $1,470,595Net Assets 2020: $457,9712020Assets 2023: $3,521,431Liabilities 2023: $4,470,185Net Assets 2023: -$948,7542023Assets 2024: $5,540,883Liabilities 2024: $4,662,831Net Assets 2024: $878,0522024Assets 2025: $5,354,171Liabilities 2025: $5,031,521Net Assets 2025: $322,6502025

Highlighted filing

2023

Assets$3,521,431
Liabilities$4,470,185
Net Assets-$948,754

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $89,033Expenses 2011: $85,016Net Income 2011: $4,0172011Revenue 2012: $126,797Expenses 2012: $155,901Net Income 2012: -$29,1042012Revenue 2013: $152,817Expenses 2013: $162,935Net Income 2013: -$10,1182013Revenue 2014: $100,050Expenses 2014: $179,967Net Income 2014: -$79,9172014Revenue 2015: $105,021Expenses 2015: $113,480Net Income 2015: -$8,4592015Revenue 2017: $185,132Expenses 2017: $212,066Net Income 2017: -$26,9342017Revenue 2018: $464,510Expenses 2018: $290,381Net Income 2018: $174,1292018Revenue 2020: $1,203,465Expenses 2020: $1,004,392Net Income 2020: $199,0732020Revenue 2023: $1,122,395Expenses 2023: $1,396,237Net Income 2023: -$273,8422023Revenue 2024: $728,905Expenses 2024: $1,136,489Net Income 2024: -$407,5842024Revenue 2025: $582,532Expenses 2025: $1,019,364Net Income 2025: -$436,8322025

Highlighted filing

2023

Revenue$1,122,395
Expenses$1,396,237
Net Income-$273,842
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,122,395
Mission and Program Overview

Mission

The mission of entrenuity is to prepare entrepreneurs for true success through experiential entrepreneurship and spiritual development training. Entrenuity is committed to equipping youth and adult innovators and entrepreneurs to become the small business owners of tomorrow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,639,295$2,516,935▼ $122,360
Other Notes and Loans Receivable, Net$587,867--
Loans From Officers Directors$176,596--
Receivables From Officers Etc$41,216--
Cash and Non-Interest-Bearing Accounts$17,357$13,170▼ $4,187
Prepaid Expenses and Deferred Charges$11,484--
Accounts Receivable$810$5,718▲ $4,908
Total Assets$3,441,289$3,521,431▲ $80,142
Other Assets Total$143,260$985,608▲ $842,348
Liabilities
Unsecured Notes Loans Payable$1,848,256$2,069,017▲ $220,761
Mortgage Notes Payable Secured by Investment Property$1,723,475$1,733,876▲ $10,401
Accounts Payable and Accrued Expenses$511,191$667,292▲ $156,101
Total Liabilities$4,259,518$4,470,185▲ $210,667
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-818,229$-948,754▼ $130,525
Total Net Assets Fund Balance$-818,229$-948,754▼ $130,525
Total Liabilities and Net Assets / Fund Balance$3,441,289$3,521,431▲ $80,142

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,025,739$197,841$1,223,580
Buildings$836,356$45,208$881,564
Land$632,346-$632,346
Equipment$22,494$26,691$49,185
Other Assets Org$349,263--
Compensation and Service Providers

Board Members and Trustees

NameTitle
L Brian JenkinsPresident
Calmetta ColemanDirector
James KingDirector
Ralph KindredDirector
Vicki KimDirector
Ed GilbreathSecretary
Mark KingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$779,878
Program Service Revenue
$104,912
Investment Income
$0
Other Revenue
$237,605
All Other Contributions
$691,985
Change in Net Assets
$-273,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,395
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,122,395
Total Revenue per Form 990
$1,122,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$827,551
Salaries, Compensation, and Employee Benefits$568,686
Total Fundraising Expense$9,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$331,654--$331,654
Current Officers, Directors, Trustees, and Key Employees$199,999--$199,999
Interest-$188,815-$188,815
All Other Expenses$27,519$134,818-$162,337
Depreciation Depletion$108,901$3,671$9,788$122,360
Office Expenses-$104,910-$104,910
Insurance-$61,309-$61,309
Payroll Taxes$37,033--$37,033
Other Expenses-$31,888-$31,888
Advertising-$8,933-$8,933
Occupancy-$5,321-$5,321
Total Functional Expenses$705,106$681,343$9,788$1,396,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,396,237
Total Expenses per Audited Statements$1,396,237
Total Expenses per Form 990$1,396,237
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$176,596--
Receivables from Officers, Directors, Trustees, and Key Employees$41,216--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

A copy is sent to the governing body before it is filed.

Form 990, Part VI, Section C, Line 19

The form 990 and the organization's application are provided to the public upon request

Filing and Contact Details

Filer

Filer Name
Entrenuity Inc
EIN
36-4296679
Phone
3128423800
Address
1449 S MICHIGAN AVE, CHICAGO, IL 60605

Signing Officer

Name
L Brian Jenkins
Title
President
Phone
3128423800
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Brian Jenkins
Formed
2001
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Bg Advisors CPA Ltd
Address
1775 LEGACY CIRCLE, NAPERVILLE, IL 60563
Phone
6305051081
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Repairs: program service expenses 0. Management and general expenses 29,118. Fundraising expenses 0. Total expenses 29,118. Automobile : program service expenses 0. Management and general expenses 24,233. Fundraising expenses 0. Total expenses 24,233. Program expenses: program service expenses 23,051. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,051. Travel and entertainment : program service expenses 0. Management and general expenses 17,082. Fundraising expenses 0. Total expenses 17,082. Professional fees: program service expenses 0. Management and general expenses 12,800. Fundraising expenses 0. Total expenses 12,800. Dues, subscriptions, reference: program service expenses 0. Management and general expenses 11,067. Fundraising expenses 0. Total expenses 11,067. Telecommunications: program service expenses 0. Management and general expenses 9,987. Fundraising expenses 0. Total expenses 9,987. Bank charges : program service expenses 0. Management and general expenses 9,104. Fundraising expenses 0. Total expenses 9,104. Miscellaneous: program service expenses 0. Management and general expenses 9,091. Fundraising expenses 0. Total expenses 9,091. Outside services: program service expenses 0. Management and general expenses 6,264. Fundraising expenses 0. Total expenses 6,264. Payroll fees : program service expenses 4,468. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,468. Website: program service expenses 0. Management and general expenses 2,724. Fundraising expenses 0. Total expenses 2,724. Licenses and permits: program service expenses 0. Management and general expenses 1,331. Fundraising expenses 0. Total expenses 1,331. Printing and photocopying: program service expenses 0. Management and general expenses 1,049. Fundraising expenses 0. Total expenses 1,049. Penalties and late fees: program service expenses 0. Management and general expenses 668. Fundraising expenses 0. Total expenses 668. Contributions: program service expenses 0. Management and general expenses 300. Fundraising expenses 0. Total expenses 300.

Financial Statement Notes

PART X, LINE 2:

Entrenuity's management has determined that fasb asc 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to entrenuity's tax-exempt status.

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IRS990/PYTotalRevenueAmt0827756
IRS990/QuidProQuoContributionsInd00
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0126
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.48080
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0779878
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01198696
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03510797
IRS990ScheduleA/TotalSupportAmt04293541
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM COMMON CUP
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENTRENUITY'S MANAGEMENT HAS DETERMINED THAT FASB ASC 740-10, WHICH ADDRESSES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, HAS NO EFFECT ON ITS FINANCIAL STATEMENTS DUE TO ENTRENUITY'S TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY IS SENT TO THE GOVERNING BODY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 AND THE ORGANIZATION'S APPLICATION ARE PROVIDED TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REPAIRS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,118. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,118. AUTOMOBILE : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,233. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,233. PROGRAM EXPENSES: PROGRAM SERVICE EXPENSES 23,051. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,051. TRAVEL AND ENTERTAINMENT : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,082. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,082. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,800. DUES, SUBSCRIPTIONS, REFERENCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,067. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,067. TELECOMMUNICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,987. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,987. BANK CHARGES : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,104. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,104. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,091. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,091. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,264. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,264. PAYROLL FEES : PROGRAM SERVICE EXPENSES 4,468. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,468. WEBSITE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,724. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,724. LICENSES AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,331. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,331. PRINTING AND PHOTOCOPYING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,049. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,049. PENALTIES AND LATE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 668. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 668. CONTRIBUTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 300.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ENTRENUITY INC
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