Enterprise Properties INC: FY2023 Nonprofit Profile & Form 990 (EIN 55-0714069)

Revenue by fiscal year
FY2020	$509K
FY2021	$509K
FY2022	$467K
FY2023	$340K
FY2024	$2.8M

Expenses by fiscal year
FY2020	$296K
FY2021	$287K
FY2022	$359K
FY2023	$483K
FY2024	$502K

Net assets by fiscal year
FY2020	$2.8M
FY2021	$3.0M
FY2022	$3.1M
FY2023	$3.0M
FY2024	$5.3M

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

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $411K Management & general 15% · $73K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation

Nicole Christian

President and CEO

$0Pt VII · Sec A

Debra S James

CFO

$0Pt VII · Sec A

Matthew Bond

Chairman

$0Pt VII · Sec A

Tessa White

Vice Chair

$0Pt VII · Sec A

Jack Rossi

Director

$0Pt VII · Sec A

Adam Krason

Director

$0Pt VII · Sec A

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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 · $411K · in their own filed words · FY2023

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…

$411Kprogram 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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$340K

Ln 12

Fees for servicesLn 2g$340K

Investment incomeLn 3$487

Money outPt IX

$483K

Ln 25

Programscol B$411K

Managementcol C$73K

Owns and owesPt X

$3.0M

net assets · Ln 32

Cash and savingsLn 1–2$65K

Total assetsLn 16$3.0M

LiabilitiesLn 26$56K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$340K

Investment incomeLn 3$487

Total revenueLn 12$340K

Assets in detailPt X, end of year

CashLn 1$65K

SavingsLn 2$0

Cash and savings togetherLn 1–2$65K

Land, buildings, equipmentLn 10c$3.0M

Total assetsLn 16$3.0M

LiabilitiesLn 26$56K

Net assetsLn 32$3.0M

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$152K	$65K
Land, buildings, equipmentLn 10c	$3.0M	$3.0M
Total assetsLn 16	$3.2M	$3.0M
LiabilitiesLn 26	$47K	$56K
Net assetsLn 32	$3.1M	$3.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$60K	$0	$60K	$0
Legal feesLn 11b	$9K	$0	$9K	$0
Accounting feesLn 11c	$3K	$0	$3K	$0
OccupancyLn 16	$317K	$317K	$0	$0
Depreciation, depletion and amortizationLn 22	$63K	$63K	$0	$0
InsuranceLn 23	$30K	$30K	$0	$0
Other expenses (24a–d)Ln 24	$503	$503	$0	$0
Total functional expensesLn 25	$483K	$411K	$73K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$2.8M	$502K	$2.3M	$5.3M	990 PDF
FY2023 Viewing	$340K	$483K	−$143K	$3.0M	990 PDF
FY2022	$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 FY2023 990 (6 parts)

Part I · Summary $340,483 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $466,095$339,996

I-10 Investment incomePrior year $654$487

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $466,749$340,483

I-13 Grants and similar amounts paidPrior year $150,000$0

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 $209,021$483,419

I-18 Total expensesPrior year $359,021$483,419

I-19 Revenue less expensesPrior year $107,728−$142,936

Part VI · Governance 4 of 4 board members independent, 2 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $340,483 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 $339,996 · Unrelated business $0 · Excluded from tax $0$339,996

VIII-3 Investment incomeRelated to mission $487 · Unrelated business $0 · Excluded from tax $0$487

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $340,483 · Unrelated business $0 · Excluded from tax $0$340,483

Part IX · Statement of functional expenses $483,419 across 7 lines filed

IX-11a Management feesPrograms $0 · Management $60,000 · Fundraising $0$60,000

IX-11b Legal feesPrograms $0 · Management $9,459 · Fundraising $0$9,459

IX-11c Accounting feesPrograms $0 · Management $3,266 · Fundraising $0$3,266

IX-16 OccupancyPrograms $317,050 · Management $0 · Fundraising $0$317,050

IX-22 Depreciation, depletion and amortizationPrograms $63,232 · Management $0 · Fundraising $0$63,232

IX-23 InsurancePrograms $29,909 · Management $0 · Fundraising $0$29,909

IX-24 Other expenses (24a–d)Programs $503 · Management $0 · Fundraising $0$503

IX-25 Total functional expensesPrograms $410,694 · Management $72,725 · Fundraising $0$483,419

Part X · Balance sheet $3,027,706 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $152,380$64,625

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 $3,000$3,000

X-10c Land, buildings and equipment, netStart of year $3,006,427$2,960,081

X-16 Total assetsStart of year $3,161,807$3,027,706

X-17 Accounts payable and accrued expensesStart of year $18,495$23,954

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $28,333$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 $228$3,604

X-26 Total liabilitiesStart of year $47,056$55,891

X-27 Net assets without donor restrictionsStart of year $3,114,751$2,971,815

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $3,114,751$2,971,815

X-33 Total liabilities and net assetsStart of year $3,161,807$3,027,706

Part XI · Reconciliation of net assets $2,971,815 net assets at year end

XI-1 Total revenue$340,483

XI-2 Total expenses$483,419

XI-3 Revenue less expenses−$142,936

XI-4 Net assets at start of year$3,114,751

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$2,971,815

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Enterprise Properties INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Enterprise Properties INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV