NonprofitsEntrepreneurship Foundation Inc

Education

Entrepreneurship Foundation Inc

FAIRFIELD, CT

Total revenue

$102K

Total expenses

$174K

Net assets

$193K

Grants received

$6K

2 grants

EIN

261377831

Tax year

2024

Mission

Our mission is to provide effective resources for Educators and Entrepreneurs.

Programs

3 programs

BUSINESS PLAN COMPETITIONS for residents and businesses located in the U.S. through 3 competitions: 1) The REENTRY BUSINESS PLAN COMPETITION FOR PEOPLE IMPACTED BY THE JUSTICE SYSTEM, whereby $18,100 in startup and growth grants were distributed among 16 finalists, chosen from startups and established companies in the greater Bridgeport region. 2) The NEW PRODUCT COMPETITION, that allocated $30,500 in R&D grants among 14 entries. 3) NATIVE AMERICAN BUSINESS PLAN COMPETITION through which $5000 in grants were distributed to members of the Ogalala tribe through the Lakota College system in South Dakota. Additional grants were provided to CEDF, MakeHaven and Lantern Point Labs to support entreprneurship education and to provide access to resources for development of business plans and prototypes for market testing.

Expenses: $68KGrants: $65K

ENTREPRENEUR SALES OUTLET. The Entrepreneurship Foundation supports a sales outlet for 25 entrepreneurs to showcase and sell their products. This outlet is a brick and mortar location in downtown Bridgeport. The Foundation also provides and maintains an online store for the same purpose and organizes free pop-ups and booths at farmers markets.

Expenses: $3K

ENTREPRENEURS SOCIETY. A series of educational and networking events for entrepreneurs. Expense shown was for a software platform to track the progress of the young companies, and for meeting supplies, primarily name tags and signage. The Foundation provided mentoring for 40 individual entrepreneurs, and conducted free business training sessions for over 100 more.

Expenses: $2K

Financials

FY 2024

Revenue

Contributions & grants$101K
Program service revenue
Investment income$6
Other revenue$729
Total revenue$102K

Expenses

Grants paid$65K
Salaries & benefits$55K
Fundraising$2K
Other expenses$54K
Total expenses$174K
Total assets$194K
Net assets$193K

People

3 listed

NameRoleCompensation

Michael Roer

President

Board

$55K

20 hrs/wk

Cliff Ennico

Corporate Secretary

Board

0.1 hrs/wk

Evan Kipperman

Member of Board of Directors

Board

0.1 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear

Funded by

$6K from 2 funders · 2 grants · 2020–2022

Details

EIN261377831
NTEE codeB90
Subsection03
Ruling date2008-04
Formed2007
Employees0
Volunteers20
ENTREPRENEURSHIP FOUNDATION INC — Mission, Financials & Grants Received | Grantivo