Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
13 people listed on the 990; $864K paid to officers and key staff.
Della Clark’s $330K as President is at the 89th 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Della Clark | $330,000 | $300,000 | $345,000 | $282,500 | $200,000 |
| Iola Harper | — | $149,150 | $132,776 | — | — |
| Jeff Wicklund | $148,538 | $140,050 | $121,519 | $114,020 | — |
| Victoria Hosendorf | $141,700 | $140,850 | $127,500 | $102,612 | — |
| Howard Brown | $135,000 | — | — | — | — |
| Seulky McInneshin | — | — | — | $115,002 | $100,002 |
| Elizabeth Felt | $109,000 | — | — | — | — |
| Mary Austen | — | — | — | $102,500 | — |
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 executive salaries →Are you one of these people? Claim this org to confirm your role
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
Invests in minority entrepreneurs to foster economic growth through collaboration.
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Provided business support services to low wealth entreprenuers supported the economic development of the surrounding community. Hundreds of people served.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.5M | $5.2M |
| InvestmentsLn 11–13 | $5.3M | $5.7M |
| Land, buildings, equipmentLn 10c | $2.8M | $3.1M |
| Total assetsLn 16 | $18.8M | $18.8M |
| LiabilitiesLn 26 | $487K | $582K |
| Net assetsLn 32 | $18.3M | $18.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $669K | $442K | $227K | |
| Other salaries and wagesLn 7 | $1.9M | $1.4M | $537K | |
| Legal feesLn 11b | $847 | $730 | $117 | |
| Accounting feesLn 11c | $221K | $190K | $30K | |
| Other fees for servicesLn 11g | $1.4M | $1.2M | $202K | |
| Advertising and promotionLn 12 | $26K | $22K | $4K | |
| Office expensesLn 13 | $51K | $44K | $7K | |
| Information technologyLn 14 | $25K | $21K | $4K | |
| OccupancyLn 16 | $290K | $241K | $49K | |
| TravelLn 17 | $83K | $61K | $21K | |
| InterestLn 20 | $16K | $14K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $236K | $204K | $33K | |
| InsuranceLn 23 | $77K | $66K | $11K | |
| Other expenses (24a–d)Ln 24 | $181K | $75K | $106K | |
| All other expensesLn 24e | $11K | $9K | $2K | |
| Total functional expensesLn 25 | $5.2M | $4.0M | $1.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $6.3M | $5.5M | $805K | $18.3M | 990 PDF |
| FY2023 | $5.2M | $4.7M | $452K | $17.5M | 990 PDF |
| FY2022 | $6.4M | $4.0M | $2.4M | $20.0M | 990 PDF |
| FY2021 | $14.3M | $4.7M | $9.6M | $14.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,136,519 across 8 lines filed
Part IX · Statement of functional expenses $5,249,464 across 15 lines filed
Part X · Balance sheet $18,784,957 assets, 18 lines filed
Part XI · Reconciliation of net assets $18,202,665 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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