The Enterprise Center unites people, organizations, and technology, to build an advanced and inclusive future for our community.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $175K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$194K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$1.7M
To programs
86%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$6.0M
FY2022$2.6M
FY2023$4.7M
FY2024$3.9M
FY2025$6.5M
Expenses
$1.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$3.8M
FY2022$3.0M
FY2023$4.9M
FY2024$4.6M
FY2025$6.7M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$3.6M
FY2022$3.3M
FY2023$3.1M
FY2024$2.3M
FY2025$2.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.5M Management & general 14% · $251K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $245K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Former President
$167,594Pt VII · Sec A
President
$77,095Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Deb Socia’s $145K as Past President/Chief Executive Officer is at the 44th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Deb Socia$145,115$205,600$203,100$193,792$182,000$77,095
Ken Hays—————$167,594
Monique Kuykendoll Quarterman$75,083—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Enterprise Center INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects communities to digital resources, leverages gigabit infrastructure, and attracts tech businesses.

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Provided by the organization

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3 programs · $1.5M · in their own filed words · FY2019
01

The chattanooga innovation district, designated in january 2015, is part of chattanooga's dense and walkable urban core that contains a catalytic mix of start-up businesses, incubators, accelerators and other innovation economy generators and amenities.

$692Kprogram expense
02

Digital equity is a digital inclusion program that works with community partners to help residents across hamilton county gain access to the skills, hardware, and internet connectivity required for 21ST century success.

$662Kprogram expense
03

Applications and research's agenda aims to increase chattanooga's opportunities as a national test-bed, or living laboratory for the creation, development, education, and business generation potential of the city's digital assets, in particular the gigabit network and smart grid.

$130Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$65K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$26K
Investment incomeLn 3$5K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.5M
Managementcol C$251K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.6M
LiabilitiesLn 26$194K
PeoplePt VI, VII
23
listed · VII A
PaidVII A2
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.7M
Investment incomeLn 3$5K
Other incomeLn 4–11$26K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$28K
Total assetsLn 16$1.6M
LiabilitiesLn 26$194K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 545
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.1M$1.4M
Land, buildings, equipmentLn 10c$85K$28K
Total assetsLn 16$1.2M$1.6M
LiabilitiesLn 26$73K$194K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$215K$178K$37K
Other salaries and wagesLn 7$443K$385K$57K
Other employee benefitsLn 9$109K$93K$16K
Payroll taxesLn 10$48K$43K$5K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$313K$313K
Office expensesLn 13$69K$56K$13K
Information technologyLn 14$191K$191K
OccupancyLn 16$121K$121K
TravelLn 17$16K$11K$5K
Conferences, conventions and meetingsLn 19$21K$21K
Depreciation, depletion and amortizationLn 22$56K$56K
InsuranceLn 23$17K$5K$12K
Other expenses (24a–d)Ln 24$74K$66K$8K
All other expensesLn 24e$5K$671$4K
Total functional expensesLn 25$1.7M$1.5M$251K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$6.7M−$136K$2.2M 990 PDF
FY2024 $3.9M$4.6M−$776K$2.3M 990 PDF
FY2023 $4.7M$4.9M−$168K$3.1M 990 PDF
FY2022 $2.6M$3.0M−$332K$3.3M 990 PDF
FY2021 $6.0M$3.8M$2.2M$3.6M 990 PDF
FY2020 Viewing $2.0M$1.7M$227K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,963,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,632,508$1,931,261
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,457$5,371
I-11 Other revenuePrior year $0$26,462
I-12 Total revenuePrior year $2,634,965$1,963,094
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $675,916$814,563
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,464,457$921,137
I-18 Total expensesPrior year $2,140,373$1,735,700
I-19 Revenue less expensesPrior year $494,592$227,394
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,963,094 across 6 lines filed
VIII-1e Government grants$1,673,500
VIII-1f All other contributions, gifts and grants$257,761
VIII-1h Total contributions, gifts and grants$1,931,261
VIII-3 Investment incomeExcluded from tax $5,371$5,371
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,462$26,462
VIII-12 Total revenueRelated to mission $26,462 · Unrelated business $0 · Excluded from tax $5,371$1,963,094
Part IX · Statement of functional expenses $1,735,700 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $177,507 · Management $37,045$214,552
IX-7 Other salaries and wagesPrograms $385,288 · Management $57,255$442,543
IX-9 Other employee benefitsPrograms $92,705 · Management $16,289$108,994
IX-10 Payroll taxesPrograms $43,162 · Management $5,312$48,474
IX-11b Legal feesManagement $3,187$3,187
IX-11c Accounting feesManagement $33,631$33,631
IX-11g Other fees for servicesPrograms $313,461$313,461
IX-13 Office expensesPrograms $56,302 · Management $12,790$69,092
IX-14 Information technologyPrograms $191,019$191,019
IX-16 OccupancyPrograms $121,264$121,264
IX-17 TravelPrograms $11,354 · Management $4,832$16,186
IX-19 Conferences, conventions and meetingsPrograms $21,175$21,175
IX-22 Depreciation, depletion and amortizationManagement $56,465$56,465
IX-23 InsurancePrograms $4,889 · Management $11,646$16,535
IX-24 Other expenses (24a–d)Programs $65,586 · Management $8,460$74,046
IX-24e All other expensesPrograms $671 · Management $4,405$5,076
IX-25 Total functional expensesPrograms $1,484,383 · Management $251,317 · Fundraising $0$1,735,700
Part X · Balance sheet $1,561,353 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,116,798$1,397,568
X-4 Accounts receivableStart of year $11,500$135,553
X-10c Land, buildings and equipment, netStart of year $84,697$28,232
X-16 Total assetsStart of year $1,212,995$1,561,353
X-17 Accounts payable and accrued expensesStart of year $73,184$67,248
X-19 Deferred revenue$126,900
X-26 Total liabilitiesStart of year $73,184$194,148
X-27 Net assets without donor restrictionsStart of year $1,038,290$748,440
X-28 Net assets with donor restrictionsStart of year $101,521$618,765
X-32 Total net assets or fund balancesStart of year $1,139,811$1,367,205
X-33 Total liabilities and net assetsStart of year $1,212,995$1,561,353
Part XI · Reconciliation of net assets $1,367,205 net assets at year end
XI-1 Total revenue$1,963,094
XI-2 Total expenses$1,735,700
XI-3 Revenue less expenses$227,394
XI-4 Net assets at start of year$1,139,811
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,367,205

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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