NonprofitsEcdc Enterprise Development Group

Private Grantmaking Foundations

Ecdc Enterprise Development Group

ARLINGTON, VA

Total revenue

$4.5M

Total expenses

$2.1M

Net assets

$16.1M

Grants received

$87K

9 grants

EIN

541993252

Tax year

2023

Mission

To Promote Community and Eonomic Development by Serving as a Microloan intermediary providing technical assistance, and micro financing to small businesses operated by low to moderate income entrepreneurs.

Financials

FY 2023

Revenue

Contributions & grants$3.4M
Program service revenue$935K
Investment income$141K
Other revenue$1K
Total revenue$4.5M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$789K
Total expenses$2.1M
Total assets$23.1M
Net assets$16.1M

People

6 listed

NameRoleCompensation

Tsehaye Teferra PhD

President

Board

$76K

24 hrs/wk

Allene F Wright

Vice President

Board

4 hrs/wk

John Agwaz

Director Trustee

Board

0

Hagos Seyoum

Director Trustee

Board

0

Zed Wendimu

Director Trustee

Board

1 hrs/wk

Frederick Schultz Jr

Director Trustee

Board

1 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$15K
CHARITABLE DONATION
2022
$10K
DESIGNATED AND/OR GRANTED IN SUPPORT OF COMMUNITY PROGRAMS
2020
$8K
Earned Income Tax Initiative
2020
$8K
For grant recipient's exempt purposes
2020
$10K
DESIGNATED AND/OR GRANTED IN SUPPORT OF COMMUNITY PROGRAMS
2019
$8K
Earned Income Tax Initiative
2019
$9K
Earned Income Tax Initiative
2018
$10K
DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS
2017
$9K
Earned Income Tax Initiative
2017

Funded by

$87K from 4 funders · 9 grants · 2017–2022

Virginia Community Action

$34K · 4 grants · 2017–2020

United Way Of The National Capital Area

$30K · 3 grants · 2017–2020

Charities Aid Foundation America

$15K · 1 grant · 2022

Details

EIN541993252
NTEE codeT20
Subsection03
Ruling date2001-05
Formed1998
Employees12
Volunteers3
ECDC ENTERPRISE DEVELOPMENT GROUP — Mission, Financials & Grants Received | Grantivo