Enterprise Properties INC FY2022 filing

Not tax-deductible

Charleston, WV501(c)(6)EIN 55-0714069Revenue $467K in FY2022

On file with the IRS1116 Smith St, 25301-1314 · Charleston, WVTax-exempt since Feb 1994

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Enterprise Properties, Inc. formed to partner with the State of WV to purchase and lease a building for the sole purpose of economic development and job retention in Charleston, WV. Enterprise Properties, Inc. is now the sole owner and lessor, facilitating continued retention of over 700 jobs based in the city.

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $548K a year · 59% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$47K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$467K
-8% vs prior year
Spent
$359K
To programs
82%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$467K
FY2022▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$509K
FY2021$509K
FY2022$467K
FY2023$340K
FY2024$2.8M
Expenses
$359K
FY2022▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$296K
FY2021$287K
FY2022$359K
FY2023$483K
FY2024$502K
Net assets
$3.1M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$3.0M
FY2022$3.1M
FY2023$3.0M
FY2024$5.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1994.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $296K Management & general 18% · $63K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
President and CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Enterprise Properties 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 15aNo

Programs and updates

Purchases and leases buildings to support economic development and retain jobs in Charleston, WV.

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Provided by the organization

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1 program · $296K · in their own filed words · FY2022
01

Enterprise Properties, Inc. (EPI) leases an office building to CASCI, an agency which processes claims for the federal employees' insurance plan. EPI has been instrumental in keeping CASCI in Charleston, and has contributed to the overall economic wellbeing of the community by retaining hundreds of jobs with an annual payroll exceeding…

$296Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $650K · 2020–2024
Cadco Foundation INCWV · FY2024$200,000
Cadco Foundation INCWV · FY2022$150,000
Cadco Foundation INCWV · FY2021$150,000
Cadco Foundation INCWV · FY2020$150,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$467K
Ln 12
Fees for servicesLn 2g$466K
Investment incomeLn 3$654
Money outPt IX
$359K
Ln 25
Programscol B$296K
Managementcol C$63K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$3.2M
LiabilitiesLn 26$47K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$466K
Investment incomeLn 3$654
Total revenueLn 12$467K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$0
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$3.2M
LiabilitiesLn 26$47K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$200K$152K
Land, buildings, equipmentLn 10c$3.1M$3.0M
Total assetsLn 16$3.3M$3.2M
LiabilitiesLn 26$261K$47K
Net assetsLn 32$3.0M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$150K$150K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$60K$0$60K$0
Legal feesLn 11b$3K$3K$0$0
Accounting feesLn 11c$3K$0$3K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$4K$4K$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$65K$65K$0$0
TravelLn 17$7$0$7$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$2K$2K$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$62K$62K$0$0
InsuranceLn 23$8K$8K$0$0
Other expenses (24a–d)Ln 24$691$691$0$0
Total functional expensesLn 25$359K$296K$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.8M$502K$2.3M$5.3M 990 PDF
FY2023 $340K$483K−$143K$3.0M 990 PDF
FY2022 Viewing $467K$359K$108K$3.1M 990 PDF
FY2021 $509K$287K$221K$3.0M 990 PDF
FY2020 $509K$296K$213K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $466,749 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $508,128$466,095
I-10 Investment incomePrior year $388$654
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $508,516$466,749
I-13 Grants and similar amounts paidPrior year $150,000$150,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,405$209,021
I-18 Total expensesPrior year $287,405$359,021
I-19 Revenue less expensesPrior year $221,111$107,728
Part VI · Governance 10 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $466,749 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $466,095 · Unrelated business $0 · Excluded from tax $0$466,095
VIII-3 Investment incomeRelated to mission $654 · Unrelated business $0 · Excluded from tax $0$654
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $466,749 · Unrelated business $0 · Excluded from tax $0$466,749
Part IX · Statement of functional expenses $359,021 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $150,000$150,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $60,000 · Fundraising $0$60,000
IX-11b Legal feesPrograms $3,473 · Management $0 · Fundraising $0$3,473
IX-11c Accounting feesPrograms $0 · Management $3,065 · Fundraising $0$3,065
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $4,400 · Management $0 · Fundraising $0$4,400
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $65,449 · Management $0 · Fundraising $0$65,449
IX-17 TravelPrograms $0 · Management $7 · Fundraising $0$7
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $2,089 · Management $0 · Fundraising $0$2,089
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $61,918 · Management $0 · Fundraising $0$61,918
IX-23 InsurancePrograms $7,929 · Management $0 · Fundraising $0$7,929
IX-24 Other expenses (24a–d)Programs $691 · Management $0 · Fundraising $0$691
IX-25 Total functional expensesPrograms $295,949 · Management $63,072 · Fundraising $0$359,021
Part X · Balance sheet $3,161,807 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $200,036$152,380
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$3,000
X-10c Land, buildings and equipment, netStart of year $3,068,345$3,006,427
X-16 Total assetsStart of year $3,268,381$3,161,807
X-17 Accounts payable and accrued expensesStart of year $813$18,495
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $84,688$28,333
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $102$228
X-26 Total liabilitiesStart of year $261,358$47,056
X-27 Net assets without donor restrictionsStart of year $3,007,023$3,114,751
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,007,023$3,114,751
X-33 Total liabilities and net assetsStart of year $3,268,381$3,161,807
Part XI · Reconciliation of net assets $3,114,751 net assets at year end
XI-1 Total revenue$466,749
XI-2 Total expenses$359,021
XI-3 Revenue less expenses$107,728
XI-4 Net assets at start of year$3,007,023
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,114,751

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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