NonprofitsGeorgia Micro Enterprise Network Inc

Community Improvement & Capacity Building

Georgia Micro Enterprise Network Inc

ATLANTA, GA

Total revenue

$3.3M

Total expenses

$3.5M

Net assets

$1.5M

Grants received

$1.8M

18 grants

EIN

800030897

Tax year

2024

Mission

The georgia micro enterprise network (gmen) is a nonprofit association that is a catalyst for economic development in georgia. Through its network of business development training and lending organizations(mdos), gmen serves as a resource to support and fund viable microbusinesses in an effort to create new jobs and business opportunities. Our motto is, bringing urban and rural businesses development together and our mission is to create opportunities and support for microbusiness development as an avenue for economic selfsufficiency in georgia. This is achieved by providing support for viable businesses, driving economic growth by creating selfsufficient individuals, contributing to sustainable economic development, creating new jobs, and implementing industry standards and accreditation.

Programs

2 programs

Microenterprise development and small business technical assistance (gmen mdo & gmen grow) through its statewide network of microenterprise development organizations (mdos), gmen delivers training, technical assistance, and access to capital for emerging and established small businesses. The gmen mdo and gmen grow programs support entrepreneurs through customized business coaching, credit readiness training, and connections to financial institutions and investors. Gmen also manages statewide technical assistance contracts that strengthen nonprofit service providers and minority-owned businesses. Gmen's programs equipped entrepreneurs with tools to scale their businesses, increase revenues, and create jobs driving inclusive economic growth throughout georgia in urban, rural, and coastal regions.

Expenses: $143K

Entrepreneurship and digital empowerment (empower by godaddy, rites project, gmen women, gmen men and gmen 360) gmen's entrepreneurship and digital inclusion programs empower by godaddy, the rites project (reentry, innovation, training, entrepreneurship, and support), gmen men, gmen women and gmen 360 advance equitable access to technology, education, and opportunity. These initiatives train men, women, returning citizens, rural, and underserved entrepreneurs in digital marketing, e-commerce, and business operations, with a focus on self- employment and reentry pathways. In 2023- 2024, both newly retuned and incarcerated learners participated in rites entrepreneurship courses, while empower by godaddy and gmen 360 cohorts gained real-world skills to strengthen their online presence and build sustainable enterprises. Collectively, these programs promote digital equity and economic self- sufficiency across georgia and the southeast.

Expenses: $143K

Financials

FY 2024

Revenue

Contributions & grants$3.2M
Program service revenue$133K
Investment income$32
Other revenue$5K
Total revenue$3.3M

Expenses

Grants paid$1.6M
Salaries & benefits$586K
Fundraising$49K
Other expenses$1.3M
Total expenses$3.5M
Total assets$2.3M
Net assets$1.5M

People

9 listed

NameRoleCompensation

ELIZABETH WILSON

EXECUTIVE DI

Board

$197K

40 hrs/wk

TERRENCE BURROUGH

BOARD MEMBER

Board

2 hrs/wk

ROBERT B COOKE

CHAIRPERSON

Board

5 hrs/wk

THELMA ADAMS JOHNSON

BOARD MEMBER

Board

2 hrs/wk

CHARLES JONES

TREASURER

Board

5 hrs/wk

JULIA S MENEFIELD

BOARD MEMBER

Board

2 hrs/wk

ERIKA SMITH

BOARD MEMBER

Board

2 hrs/wk

ROD WALLACE

BOARD MEMBER

Board

2 hrs/wk

ALEX YACOUB

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 18 of 18

FromAmountPurposeYear
$100K
Jobs and Family Economic Security
2023
$150K
use business and workforce development as a tool to improve the economic condition and self-sufficiency of Returning Citizens, creating small businesses and jobs while advancing racial equity across the State of Georgia
2022
$60K
SUPPORT A COHORT OF YOUTH ENTREPRENEURS IN DEVELOPING BUSINESSES
2022
$50K
FOR GENERAL SUPPORT OF ITS MISSION
2022
$40K
THE SUPPORT THREE "BANKING IN BLACK" EVENTS AIMED AT FOSTERING CONNECTIONS BETWEEN BLACK-OWNED BUSINESSES IN THE 30310 ZIP CODE AND LENDERS. THE GRANT FUNDS WILL ALSO BE USED FOR A TECHNICAL ASSISTANCE SUPPORT PROGRAM WHICH WILL CREATE OFFICE HOURS AT THE KE'NEKT WHERE BUSINESS OWNERS CAN RECEIVE EXPERT HELP IN COMPLETING GRANT AND LOAN APPLICATIONS.
2022
$50K
SUPPORTING THE ADDITION OF A PROGRAM COORDINATOR AND GRANT WRITER, AND THE COMPLETION OF PHASE ONE OF THE BUILD OUT OF THE KE'NEKT'S SPACE IN WESTVIEW.
2021
$22K
TO CONTINUE ENGAGEMENT OF COMMUNITY PARTNERS AND BUSINESSES TO SUPPORT WESTATL CAMPAIGN
2021
$20K
GREEN PROJECT
2021
$230K
provide formerly incarcerated African American and minority individuals with young families with access to capital, technical assistance, and training required to become small business owners in the evolving business ecosystem in Atlanta, Georgia
2020
$15K
PROVIDE GENERAL OPERATING SUPPORT
2020
$14K
SUPPORT FOR THE CREATION AND IMPLEMENTATION OF THE KE'NEKT'S COMMUNITY LED COOPERATIVE EDUCATION SERIES
2020
$400K
COMMUNITY BENEFIT
2019
$100K
to provide formerly incarcerated African American and minority individuals with young families with access to capital, technical assistance, and training required to become small business owners in the evolving business ecosystem in Atlanta, Georgia
2019
$134K
strengthen efforts to use microenterprise business development as a tool to improve the economic condition and self-sufficiency of low-income mothers and their young children in select southern states, including Louisiana, retaining and creating over 1000 small businesses and jobs
2017

Funded by

$1.8M from 7 funders · 18 grants · 2017–2024

WK Kellogg Foundation

$714K · 5 grants · 2017–2023

United Way Of Greater Atlanta Inc

$400K · 1 grant · 2019

Local Initiatives Support Corporation

$270K · 3 grants · 2022–2024

Kindred Futures Inc

$132K · 4 grants · 2021–2022

The Community Foundation For Greater

$105K · 1 grant · 2020

Annie E Casey Foundation Inc

$89K · 3 grants · 2020–2022

The Rockefeller Foundation

$50K · 1 grant · 2022

Details

EIN800030897
NTEE codeS43
Subsection03
Ruling date2020-04
Formed1997
Employees0
Volunteers8
GEORGIA MICRO ENTERPRISE NETWORK INC — Mission, Financials & Grants Received | Grantivo