Civic Intelligence

Eastern Shore Entrepreneurship Center Inc.

990 • Fiscal year 2015 • EIN 61-1465160

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 25, 2016

8737 Brooks Drive Suite 101Easton, MD 21601

(410) 770-9330

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

13.89x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-117%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

52%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,665,685

Up $164,538 (+11%) from 2014

Net Assets

Down

$105,655

Down $131,891 (-56%) from 2014

Liabilities

Up

$1,560,030

Up $296,429 (+23%) from 2014

Revenue

Up

$112,314

Up $38,405 (+52%) from 2014

Expenses

Up

$244,205

Up $8,450 (+3.6%) from 2014

Net Income

Up

-$131,891

Up $29,955 (+19%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $273,546Liabilities 2011: $25Net Assets 2011: $273,5212011Assets 2012: $896,571Liabilities 2012: $0Net Assets 2012: $896,5712012Assets 2013: $1,149,884Liabilities 2013: $750,492Net Assets 2013: $399,3922013Assets 2014: $1,501,147Liabilities 2014: $1,263,601Net Assets 2014: $237,5462014Assets 2015: $1,665,685Liabilities 2015: $1,560,030Net Assets 2015: $105,6552015Assets 2016: $1,720,287Liabilities 2016: $1,478,315Net Assets 2016: $241,9722016Assets 2017: $1,580,637Liabilities 2017: $1,428,745Net Assets 2017: $151,8922017Assets 2018: $1,676,999Liabilities 2018: $1,342,309Net Assets 2018: $334,6902018Assets 2019: $1,507,059Liabilities 2019: $1,227,615Net Assets 2019: $279,4442019Assets 2020: $1,625,956Liabilities 2020: $1,302,366Net Assets 2020: $323,5902020Assets 2021: $1,378,260Liabilities 2021: $1,138,515Net Assets 2021: $239,7452021Assets 2022: $1,144,981Liabilities 2022: $1,118,136Net Assets 2022: $26,8452022Assets 2023: $1,409,159Liabilities 2023: $1,159,846Net Assets 2023: $249,3132023Assets 2024: $1,095,075Liabilities 2024: $1,004,549Net Assets 2024: $90,5262024

Highlighted filing

2015

Assets$1,665,685
Liabilities$1,560,030
Net Assets$105,655

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $72,543Expenses 2011: $67,591Net Income 2011: $4,9522011Expenses 2012: $111,5882012Expenses 2013: $218,7392013Revenue 2014: $73,909Expenses 2014: $235,755Net Income 2014: -$161,8462014Revenue 2015: $112,314Expenses 2015: $244,205Net Income 2015: -$131,8912015Revenue 2016: $319,320Expenses 2016: $183,003Net Income 2016: $136,3172016Revenue 2017: $224,692Expenses 2017: $314,772Net Income 2017: -$90,0802017Revenue 2018: $465,032Expenses 2018: $282,234Net Income 2018: $182,7982018Revenue 2019: $427,665Expenses 2019: $482,911Net Income 2019: -$55,2462019Revenue 2020: $702,695Expenses 2020: $658,549Net Income 2020: $44,1462020Revenue 2021: $533,020Expenses 2021: $616,865Net Income 2021: -$83,8452021Revenue 2022: $608,404Expenses 2022: $821,304Net Income 2022: -$212,9002022Revenue 2023: $885,296Expenses 2023: $772,290Net Income 2023: $113,0062023Revenue 2024: $1,258,452Expenses 2024: $1,341,296Net Income 2024: -$82,8442024

Highlighted filing

2015

Revenue$112,314
Expenses$244,205
Net Income-$131,891
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 25, 2016
Return Version
2014v6.0
Gross Receipts
$112,314
Mission and Program Overview

Mission

To provide technical assistance, education, and access to capital services to individuals and small and mid-size businesses.

To create an entrepreneurial ecosystem that results in personal wealth creation which in turn adds to the growth of community resources and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$834,872$1,015,978▲ $181,106
Savings and Temporary Cash Investments$642,102$604,952▼ $37,150
Land, Buildings, and Equipment, Net$21,673$24,388▲ $2,715
Pledges and Grants Receivable$1,750$19,583▲ $17,833
Accounts Receivable$750$784▲ $34
Total Assets$1,501,147$1,665,685▲ $164,538
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,250,000$1,485,289▲ $235,289
Accounts Payable and Accrued Expenses$13,601$74,741▲ $61,140
Total Liabilities$1,263,601$1,560,030▲ $296,429
Net Assets / Fund Balance
Temporarily Rstr Net Assets$317,641$317,641→ $0
Unrestricted Net Assets$-80,095$-211,986▼ $131,891
Total Net Assets Fund Balance$237,546$105,655▼ $131,891
Total Liabilities and Net Assets / Fund Balance$1,501,147$1,665,685▲ $164,538

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,622$1,356-
Leasehold Improvements$7,766$7,698-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Allen NelsonPresident
Jok WalshVice President
Corey PackDirector
Keasha HaytheDirector
Scott WarnerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$60,222
Program Service Revenue
$14,211
Investment Income
$37,881
Other Revenue
$0
All Other Contributions
$60,222
Change in Net Assets
$-131,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,205
Salaries, Compensation, and Employee Benefits$72,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$57,600$14,400-$72,000
All Other Expenses$14,150$15,667-$29,817
Interest$18,572--$18,572
Other Expenses$17,704--$17,704
Fees for Services Accounting$17,400--$17,400
Occupancy$6,360$1,590-$7,950
Office Expenses-$5,450-$5,450
Insurance-$3,698-$3,698
Conferences and Meetings-$3,341-$3,341
Advertising$2,971--$2,971
Fees for Services Other$188$360-$548
Travel-$151-$151
Total Functional Expenses$199,548$44,657$0$244,205
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

No formal meetings held in 2013, any decisions required were performed by email vote.

Form 990, Part VI, Section A, Line 8B

No committee structure requiring minutes

Form 990, Part VI, Section B, Line 11

Executive director reviews the form 990 and provides to governing body for final approval.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Eastern Shore Entrepreneurship Center Inc
EIN
61-1465160
Phone
4107709330
Address
8737 BROOKS DRIVE SUITE 101, EASTON, MD 21601

Signing Officer

Name
Mike Thielke
Title
Executive Director
Phone
4107709330
Signed
2016-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Thielke
Formed
2004
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Tgm Group LLC
Address
955 MOUNT HERMON ROAD, SALISBURY, MD 21804
Preparer
Chris a Hall CPA
Phone
4107421328
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Training program expenses: program service expenses 10,835. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,835. Miscellaneous: program service expenses 0. Management and general expenses 8,308. Fundraising expenses 0. Total expenses 8,308. Website & internet: program service expenses 0. Management and general expenses 3,254. Fundraising expenses 0. Total expenses 3,254. Dues and subscriptions: program service expenses 0. Management and general expenses 3,097. Fundraising expenses 0. Total expenses 3,097. Capital program expenses: program service expenses 2,637. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,637. Telephone: program service expenses 0. Management and general expenses 758. Fundraising expenses 0. Total expenses 758. Meals & entertainment: program service expenses 678. Management and general expenses 0. Fundraising expenses 0. Total expenses 678. Licenses and permits: program service expenses 0. Management and general expenses 250. Fundraising expenses 0. Total expenses 250.

FORM 990, PART XII, LINE 2C:

Board of directors reviews and accepts responsibility for audited financial statements.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt016622
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01356
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt017978
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07766
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07698
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt015464
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024388
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO FORMAL MEETINGS HELD IN 2013, ANY DECISIONS REQUIRED WERE PERFORMED BY EMAIL VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO COMMITTEE STRUCTURE REQUIRING MINUTES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND PROVIDES TO GOVERNING BODY FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAINING PROGRAM EXPENSES: PROGRAM SERVICE EXPENSES 10,835. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,835. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,308. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,308. WEBSITE & INTERNET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,254. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,254. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,097. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,097. CAPITAL PROGRAM EXPENSES: PROGRAM SERVICE EXPENSES 2,637. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,637. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 758. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 758. MEALS & ENTERTAINMENT: PROGRAM SERVICE EXPENSES 678. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 678. LICENSES AND PERMITS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS REVIEWS AND ACCEPTS RESPONSIBILITY FOR AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0317641
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0317641
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01501147
IRS990/TotalAssetsEOYAmt01665685
IRS990/TotalAssetsGrp/BOYAmt01501147
IRS990/TotalAssetsGrp/EOYAmt01665685
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt060222
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044657
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0199548
IRS990/TotalFunctionalExpensesGrp/TotalAmt0244205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01263601
IRS990/TotalLiabilitiesEOYAmt01560030
IRS990/TotalLiabilitiesGrp/BOYAmt01263601
IRS990/TotalLiabilitiesGrp/EOYAmt01560030
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0237546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0105655
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt014177
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt014177
IRS990/TotalProgramServiceExpensesAmt0199548
IRS990/TotalProgramServiceRevenueAmt014211
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt052092
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112314
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01501147
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01665685
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0151
IRS990/TravelGrp/TotalAmt0151
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-80095
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-211986
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08737 BROOKS DRIVE SUITE 101
IRS990/USAddress/CityNm0EASTON
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021601
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.VENTUREAHEAD.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE THIELKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04107709330
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EASTERN SHORE ENTREPRENEURSHIP CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0611465160
ReturnHeader/Filer/PhoneNum04107709330
ReturnHeader/Filer/USAddress/AddressLine1Txt08737 BROOKS DRIVE SUITE 101
ReturnHeader/Filer/USAddress/CityNm0EASTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264777527
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TGM GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0955 MOUNT HERMON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021804
ReturnHeader/PreparerPersonGrp/PhoneNum04107421328
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS A HALL CPA
ReturnHeader/ReturnTs02016-10-11T09:20:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.00$0.09$1.26$1.34$0.08
2023Summary only. Only limited summary data is available for this year.$1.41$1.16$0.25$0.89$0.77$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$1.12$0.03$0.61$0.82$0.21
2021Summary only. Only limited summary data is available for this year.$1.38$1.14$0.24$0.53$0.62$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$1.30$0.32$0.70$0.66$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$1.23$0.28$0.43$0.48$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$1.34$0.33$0.47$0.28$0.18
2017Summary only. Only limited summary data is available for this year.$1.58$1.43$0.15$0.22$0.31$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.72$1.48$0.24$0.32$0.18$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.67$1.56$0.11$0.11$0.24$0.13
2014Summary only. Only limited summary data is available for this year.$1.50$1.26$0.24$0.07$0.24$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.75$0.40$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.07$0.07$0.00