Foster self-sufficiency through self-employment and to promote, support, and encourage the advancement and development of micro and small businesses.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$148K 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

FY2021 · 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
4 of 6
filings with a surplus
Average surplus $44K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$148K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $78K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$211K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
+548% vs prior year
Spent
$6.5M
To programs
100%
Net assets
$632K
By yearFY2020–FY2025
Revenue
$6.9M
FY2021▲ +548%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$6.9M
FY2022$2.8M
FY2023$3.1M
FY2024$1.5M
FY2025$618K
Expenses
$6.5M
FY2021▲ +531%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$6.5M
FY2022$2.8M
FY2023$3.0M
FY2024$1.6M
FY2025$898K
Net assets
$632K
FY2021▲ +185%
Tap a bar for its year
Net assets by fiscal year
FY2020$222K
FY2021$632K
FY2022$661K
FY2023$844K
FY2024$742K
FY2025$493K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 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 Sep 2009.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.5M Management & general 0% · $19K

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

4 people listed on the 990; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$98,360Pt VII · Sec A
$49,287Pt VII · Sec A
President CEO
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Dennis King’s $95K as Executive Director is at the 68th percentile of top reported officer pay among 1709 $100K–1M 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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Dennis King$94,576$97,060$98,360$83,333
Lourdes Arvizu——$49,287$75,721

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 Enterprise Foundation 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Helps people start and grow small businesses for self-sufficiency.

Questions for Enterprise Foundation

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Provided by the organization

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1 program · $6.5M · in their own filed words · FY2020
01

Provided extensive training on a one-on-one business consulting for more than 200 small business owners.

$6.5Mprogram 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$78K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$6.9M
Other incomeLn 4–11$106
Investment incomeLn 3$2
Money outPt IX
$6.5M
Ln 25
Programscol B$6.5M
Managementcol C$19K
Owns and owesPt X
$632K
net assets · Ln 32
Cash and savingsLn 1–2$625K
Total assetsLn 16$843K
LiabilitiesLn 26$211K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.9M
Government grantsLn 1e$5.5M
Investment incomeLn 3$2
Other incomeLn 4–11$106
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$625K
Cash and savings togetherLn 1–2$625K
Total assetsLn 16$843K
LiabilitiesLn 26$211K
Net assetsLn 32$632K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.5M$625K
Total assetsLn 16$1.7M$843K
LiabilitiesLn 26$1.5M$211K
Net assetsLn 32$222K$632K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$148K$141K$7K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$166K$164K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$17K$16K$328
Payroll taxesLn 10$36K$35K$882
Management feesLn 11a$130K$130K
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$34K$32K$2K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$6.0M$6.0M$6K
All other expensesLn 24e$197$197
Total functional expensesLn 25$6.5M$6.5M$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $618K$898K−$280K$493K 990 PDF
FY2024 $1.5M$1.6M−$96K$742K 990 PDF
FY2023 $3.1M$3.0M$183K$844K 990 PDF
FY2022 $2.8M$2.8M$29K$661K 990 PDF
FY2021 Viewing $6.9M$6.5M$393K$632K 990 PDF
FY2020 $1.1M$1.0M$33K$222K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,921,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,057,672$6,921,813
I-9 Program service revenue$0
I-10 Investment income$2
I-11 Other revenuePrior year $9,720$106
I-12 Total revenuePrior year $1,067,392$6,921,921
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $290,033$365,764
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $744,322$6,162,967
I-18 Total expensesPrior year $1,034,355$6,528,731
I-19 Revenue less expensesPrior year $33,037$393,190
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,921,921 across 6 lines filed
VIII-1e Government grants$5,497,853
VIII-1f All other contributions, gifts and grants$1,423,960
VIII-1h Total contributions, gifts and grants$6,921,813
VIII-3 Investment incomeRelated to mission $2$2
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $106$106
VIII-12 Total revenueRelated to mission $108$6,921,921
Part IX · Statement of functional expenses $6,528,731 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $140,651 · Management $6,996$147,647
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $164,065 · Management $1,669$165,734
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $16,332 · Management $328$16,660
IX-10 Payroll taxesPrograms $34,841 · Management $882$35,723
IX-11a Management feesPrograms $130,033$130,033
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $5,000$5,000
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $31,698 · Management $2,236$33,934
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $5,987,540 · Management $6,263$5,993,803
IX-24e All other expensesManagement $197$197
IX-25 Total functional expensesPrograms $6,510,160 · Management $18,571 · Fundraising $0$6,528,731
Part X · Balance sheet $843,322 assets, 11 lines filed
Asset lines not itemized here account for $3,500; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,528,607$624,756
X-4 Accounts receivableStart of year $211,048$206,354
X-9 Prepaid expenses and deferred chargesStart of year $6,314$8,712
X-16 Total assetsStart of year $1,749,469$843,322
X-17 Accounts payable and accrued expensesStart of year $12,284$9,713
X-18 Grants payableStart of year $82,519$49,294
X-19 Deferred revenueStart of year $1,427,000$146,703
X-26 Total liabilitiesStart of year $1,527,303$211,210
X-27 Net assets without donor restrictionsStart of year $222,166$632,112
X-32 Total net assets or fund balancesStart of year $222,166$632,112
X-33 Total liabilities and net assetsStart of year $1,749,469$843,322
Part XI · Reconciliation of net assets $632,112 net assets at year end
XI-1 Total revenue$6,921,921
XI-2 Total expenses$6,528,731
XI-3 Revenue less expenses$393,190
XI-4 Net assets at start of year$222,166
XI-8 Prior period adjustments$16,756
XI-10 Net assets at end of year$632,112

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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