Small Enterprise Assistance Funds in Washington, District of Columbia (DC)

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Small Enterprise Assistance Funds
Employer Identification Number (EIN)133535334
Name of OrganizationSmall Enterprise Assistance Funds
Address1100 17th Street Nw Ste 1101, Washington, DC 20036-4601
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date08/1990
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$8,198,924
Amount of Income$18,922,701
Form 990 Revenue Amount$18,922,701
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Fund Raising and/or Fund Distribution


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Amount of income in 2013: $18,922,701
Small Enterprise Assistance Funds: 

 $18,922,701
Other organizations performing similar types of work: 

 $142,999

Assets in 2013: $8,198,924
This organization: 

 $8,198,924
Other organizations performing similar types of work: 

 $163,550

Expenses in 2012: $20,103,267
This organization: 

 $20,103,267
Other organizations performing similar types of work: 

 $170,922

Income to expenses ratio in 2012: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 80.9%
Small Enterprise Assistance Funds: 

 80.9%
Other organizations performing similar types of work: 

 80.9%

Employees paid over $100,000 in 2012: 44.4%
This organization: 

 44.4%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 42.0%
This organization: 

 42.0%
Other organizations performing similar types of work: 

 90.9%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$21,348,538
Contributions, Gifts, Grants and Other Similar Amounts$8,962,626
Program Service Revenue$9,029,536
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,233,759
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-2,998,800
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $30,881
Less: cost or other basis and sales expenses (Securities / Other)$3,000,000 / $29,681
Gain or (loss) (Securities / Other)$-3,000,000 / $1,200
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$3,121,417
Statement of Functional Expenses (for 2012)
Total functional expenses$20,103,267
Compensation of current officers, directors, trustees, and key employees$2,965,790
Other salaries and wages$4,263,904
Payroll taxes$516,828
Professional fundraising services$0
Other$12,356,745
Balance Sheet (for 2012)
Total assets$55,131,192
Total liabilities$46,932,268
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$34,254,750
Unsecured notes and loans payable to unrelated third parties$0
Other$12,677,518
Total net assets or fund balances$8,198,924
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$42,386,452
Gifts, grants, contributions, and membership fees received$35,638,702
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$6,747,750
Gross receipts from related activities, etc.$47,201,679
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$13,271,976$11,632,718$18,922,701
Contributions, gifts, grants, and similar amounts received$7,110,309$4,695,537$8,427,908
Contributions to donor advised funds$0$0
Direct public support$1,480,598$1,946,132$520,844
Indirect public support$0$0$0
Government contributions (grants)$5,629,711$2,749,405$7,907,064
Program service revenue including government fees and contracts$5,575,556$6,024,753$8,655,713
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$21,838$8,746$10,939
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$410,826$553,865$777,218
Gain or (loss) from sales of assets other than inventory$-1,472$-2,694$2,165
Gross amount from sales of assets other than inventory$0$7,828$4,310
Less: cost or other basis and sales expenses$1,472$10,522$2,145
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$154,919$352,511$1,048,758
Total expenses$10,920,389$10,207,785$15,411,407
Program services$9,866,229$7,780,672$12,467,836
Management and general$279,515$826,337$1,233,779
Fundraising$774,645$1,600,776$1,709,792
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$3,031,584$3,945,843$6,748,883
Excess or (deficit) for the year$2,351,587$1,424,933$3,511,294
Net assets or fund balances at beginning of year$1,114,053$3,031,584$3,945,843
Other changes in net assets or fund balances$-434,056$-510,674$-708,254
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$15,411,407$12,467,836$1,233,779$1,709,792
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,007,083$676,761$252,274$78,048
Compensation of former officers, directors, key employees, etc.$34,000$34,000$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$4,276,360$2,665,564$1,031,750$579,046
Pension plan contributions not included above$142,504$96,529$41,815$4,160
Employee benefits not included above$316,178$201,824$93,713$20,641
Payroll taxes$72,612$49,186$21,307$2,119
Professional fundraising fees$0$0$0$0
Accounting fees$166,447$76,770$44,436$45,241
Legal fees$76,252$35,170$20,357$20,725
Supplies$145,883$102,844$40,933$2,106
Telephone$242,490$138,522$91,340$12,628
Postage and shipping$27,981$22,454$4,401$1,126
Occupancy$919,066$568,807$338,259$12,000
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$1,014,178$654,887$177,371$181,920
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$86,525$76,577$9,948$0
Other expenses not covered above$6,883,848$7,067,941$-934,125$750,032
Balance Sheets
200520062007
Total assets$10,260,740$18,001,681$17,003,015
Cash - non-interest-bearing$1,839,503$2,811,598$1,925,931
Savings and temporary cash investments$5,838,850$12,914,138$12,322,389
Accounts receivable less allowance for doubtful accounts$915,365$115,664$284,135
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$23,344$350,666$13,842
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$120,094$216,711$263,633
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$1,315,439$1,421,703$1,771,769
Land, buildings, and equipment less accumulated depreciation$208,145$171,201$421,316
Other assets, including program-related investments$0$0$0
Total liabilities$7,229,156$14,055,838$10,254,132
Accounts payable and accrued expenses$1,462,110$570,770$664,936
Grants payable$0$0$0
Deferred revenue$0$774,137$1,001,099
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$750,000$770,000$410,000
Other liabilities$5,017,046$11,940,931$8,178,097
Total liabilities and net assets/fund balances$10,260,740$18,001,681$17,003,015
Total net assets or fund balances$3,031,584$3,945,843$6,748,883
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$13,271,976$11,632,718$18,922,701
Total revenue, gains, and other support per audited financial statements$12,837,920$11,122,044$18,214,447
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$434,056$510,674$708,254
Investment expenses$0$0$0
Other$434,056$510,674$708,254
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$10,920,389$10,207,785$15,411,407
Total expenses and losses per audited financial statements$10,920,389$10,207,785$15,411,407
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$362,000$49,489$0
40$218,200$40,106$0
40$111,760$30,133$0
40$160,300$35,095$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$34,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200621
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$790,322$9,704,471
Program service revenue
Program service revenue 1000000$000$0$7,530,305
Program service revenue 2000000$000$0$1,125,408
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$10,939$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$777,218$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,165$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$1,048,758
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
999999999100%$84,057$562,615
999999999100%$9,704$227,725
999999999100%$0$17,016
999999999100%$0$97
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$140,000$15,371$0
$128,000$38,671$0
$125,000$22,596$0
$105,000$52,571$0
$96,110$33,214$0
Total number of other employees paid over $50,0007
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$4,512,713
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200420052006
Total$0$13,273,448$11,635,412
Gifts, grants, and contributions received$0$7,110,309$4,695,537
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$5,575,556$6,024,753
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$432,664$562,611
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$154,919$352,511
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alabama1
California6
Colorado2
Connecticut3
District of Columbia2
Florida3
Iowa2
Illinois3
Indiana3
Kansas1
Kentucky2
Massachusetts1
Michigan3
Minnesota1
Missouri1
Montana1
Nevada2
Ohio2
Pennsylvania4
Texas2
Utah1
Virginia1
Washington1
Wisconsin1
Total49

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