Center For Entrepreneurial Development in Chicago, Illinois (IL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Center For Entrepreneurial Development | |
| Employer Identification Number (EIN) | 251246224 |
| Name of Organization | Center For Entrepreneurial Development |
| In Care of Name | D Baumann Scaife Hall 419 |
| Address | 2416 N Artesian Room No 1, Chicago, IL 60647 |
| Activities | Other school related activities, Loans or grants for minority businesses, Other loans to individuals |
| Subsection | Charitable Organization |
| Ruling Date | 07/1975 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $500,000 to $999,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $583,588 |
| Amount of Income | $80 |
| Form 990 Revenue Amount | $84 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2012: $80 (it was $84 in 2011)
| This organization: | $80 |
| Other organizations performing similar types of work: | $412,701 |
Assets in 2012: $583,588 (it was $588,508 in 2011)
| This organization: | $583,588 |
| Other organizations performing similar types of work: | $399,242 |
Expenses in 2012: $5,000
| Center For Entrepreneurial Development: | $5,000 |
| Other organizations performing similar types of work: | $359,525 |
Income to expenses ratio in 2012: 0.0
| Center For Entrepreneurial Development: | 0.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Center For Entrepreneurial Development: | 0.0% |
| Other organizations performing similar types of work: | 72.8% |
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $80 | $80 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $80 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $5,000 | $0 | $0 | $5,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $0 | $0 | $0 | |
| Contributions, gifts, grants paid | $5,000 | |||
| Excess of revenue over expenses and disbursements | $-4,920 | |||
| Net investment income | $80 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $583,588 | $583,588 |
| Cash - non-interest-bearing | $23,719 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $300,000 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $259,869 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $583,588 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $2 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $2 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $612,067 |
| Net value of noncharitable-use assets | $602,880 |
| Minimum investment return | $30,144 |
| Distributable Amount (for 2012) | |
| Distributable amount | $30,142 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $30,142 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $25,142 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Spedd Inc | 1129 Industrial Park Ste119, Vandergrift, PA 15690-9646 | PA | 1971-01 | $3,010,381 |
| 2 | Womens Initiative For Self Employment | PO BOX 29181, San Francisco, CA 94129-0181 | CA | 1993-10 | $2,973,098 |
| 3 | Accion Chicago Inc | 1436 W Randolph St Ste 300, Chicago, IL 60607-1416 | IL | 1995-03 | $2,955,192 |
| 4 | Trenton Business Assistance Corporation | 3111 Quakerbridge Rd 2nd Fl, Mercerville, NJ 08619-1634 | NJ | 1980-08 | $1,756,891 |
| 5 | Southeast Chicago Development Commission Inc | 2938 E 91st Street Suite 106, Chicago, IL 60617-4208 | IL | 1982-10 | $1,689,483 |
| 6 | Valley Small Business Development Corporation | 7035 N Fruit Ave, Fresno, CA 93711-0761 | CA | 1978-02 | $1,636,133 |
| 7 | Southern California Minority Supplier Development Council Inc, A Public Benefit Corporation | 800 W 6th St Ste 850, Los Angeles, CA 90017-2711 | CA | 1982-10 | $1,416,863 |
| 8 | Ohio Minority Supplier Development Council | 100 E Broad St, Columbus, OH 43215-3607 | OH | 1989-12 | $1,044,043 |
| 9 | South Of Market Foundation, Urban Solutions | 1167 Mission St Ste 200, San Francisco, CA 94103-1544 | CA | 1993-12 | $846,671 |
| 10 | South Central Ozark Council Of Governments | PO BOX 100, Pomona, MO 65789-0100 | MO | 1992-06 | $755,095 |
| 11 | Virginia Regional Minority Supplier Development Council Inc | 707 E Main St Ste 1375, Richmond, VA 23219-2807 | VA | 1990-08 | $648,285 |
| 12 | Tristate Minority Supplier Development Council Inc | 220 Athens Way Ste 105, Nashville, TN 37228-1300 | TN | 1984-09 | $616,287 |
| 13 | Starting-Gate | 2750 Constitution Blvd, Beaver Falls, PA 15010-1275 | PA | 1986-01 | $562,741 |
| 14 | Urban Empowerment Corporation | 1011 Ne 117th St, Biscayne Park, FL 33161-6749 | FL | 1984-07 | $401,045 |
| 15 | Treasury Management Association Of New England | 256 Essex St, Salem, MA 01970-3434 | MA | 1982-07 | $348,140 |
| 16 | Quincy Business & Technology Corporation | 301 Oak, Quincy, IL 62301-2516 | IL | 1986-06 | $225,100 |
| 17 | Comprehensive Korean Self Help Community Center | 4934 N Pulaski Rd, Chicago, IL 60630-2813 | IL | 1986-05 | $74,361 |
| 18 | Center For Entrepreneurial Development | 2416 N Artesian Room No 1, Chicago, IL 60647 | IL | 1975-07 | $80 |
| 19 | Small Business Finance Alliance | 2511 Vandalia Street, Collinsville, IL 62234 | IL | 1983-03 | $0 |
| 20 | Westside Small Business Development Corporation, None | 430 N Cicero Ave, Chicago, IL 60644 | IL | 1986-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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