CENTER FOR ENTREPRENEURIAL DEVELOPMENT Charity Report

Public IRS 990 nonprofit record

CENTER FOR ENTREPRENEURIAL DEVELOPMENT

EIN 56-1399587 · Community Improvement & Capacity Building (S40Z)

What they do

to CONNECT ENTREPRENEURIAL COMPANIES WITH HIGH-VALUE RESOURECES SUCH AS EDUCATION, MENTORING and CAPITAL CONNECTIONS/FORMATION, to ACCELERATE BUSINESS GROWTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $65.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

149.04%of revenue went to mission work65.5% of expenses · Program services

14.24%of revenue went to fundraising6.3% of expenses

$227.69spent for every $100 of revenueSpending was higher than revenue this year.

64.41%of revenue went to management and office costs28.3% of expenses

$1.15in assets for every $1 spent this yearSome assets cannot be spent right away.

39.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,283,092 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $199,874 for KELLY ROWELL (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,004,823

Mission workProgram services$1,497,633149.04% of revenue65.5% of expenses

ManagementOffice and general costs$647,23664.41% of revenue28.3% of expenses

FundraisingAsking for donations$143,04614.24% of revenue6.3% of expenses

Total expenses$2,287,915227.69% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202465.5% mission

202366.7% mission

202267.5% mission

202169.3% mission

202061.6% mission

201963.3% mission

201865.0% mission

201765.3% mission

Money in and money out

Revenue$1,004,823

Expenses$2,287,915

Annual shortfall $1,283,092 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,497,633 · 65.5% of expenses

Management and office costs$647,236 · 28.3% of expenses

Fundraising$143,046 · 6.3% of expenses

See all reported dollar amounts

Revenue$1,004,823

Expenses$2,287,915

Assets$2,621,427

Income$1,004,823

Contributions$395,694

Mission work (program services)$1,497,633

Fundraising$143,046

Management and general$647,236

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KELLY ROWELLPRESIDENT & CEO · 40 hrs/week $199,874Base $185,400 · Other $14,474

JAY BIGLOWHEAD OF ENTREPRENEURSHIP · 40 hrs/week $167,948Base $147,745 · Other $20,203

HUNTER YOUNGHEAD OF CAPITAL · 40 hrs/week $136,849Base $127,292 · Other $9,557

BRENNAN BARBERHEAD OF BUSINESS DVLP · 40 hrs/week $134,864Base $124,913 · Other $9,951

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

KELLY ROWELLPRESIDENT & CEO

JAY BIGLOWHEAD OF ENTREPRENEURSHIP

HUNTER YOUNGHEAD OF CAPITAL

BRENNAN BARBERHEAD OF BUSINESS DVLP

SONNA PATEL-RAMANDIRECTOR

MICHAEL CROOKETREASURER/EXEC COMMITTEE

MICHELLE EGGEREXECUTIVE COMMITTEE

NEIL BAGCHIDIRECTOR

RYAN BETHENCOURTDIRECTOR

SCOTT BRYANTDIRECTOR

SCOTT UKNESEXECUTIVE COMMITTEE

SHILA BURNEYDIRECTOR

SILVIA AGUIRREDIRECTOR

MARILIIS HOLMDIRECTOR

SUSAN COOKEXECUTIVE COMMITTEE

SUSAN WALLEXECUTIVE COMMITTEE

TIM FLEISHMANDIRECTOR

TIM MCLOUGHLINEXECUTIVE COMMITTEE

TIM WILSONSECRETARY/EXEC COMMITTEE

TONI BUCCIDIRECTOR

TRAVIS MILKSDIRECTOR

WADE FULGRUMDIRECTOR

WILLIAM SPRUILLCHAIR/EXECUTIVE COMMITTEE

GALEN ROBERTSONEXECUTIVE COMMITTEE

ANNALISE PERRYEXECUTIVE COMMITTEE

ANNE ENGLISHDIRECTOR

BARB COURYDIRECTOR

BLAIR WILLETTEDIRECTOR

BRADLEY MOORINGDIRECTOR

BRETT NOELDIRECTOR

CARLOS PIGNATORODIRECTOR

DOUG EISNERDIRECTOR

ELIZABETH KELLYEXECUTIVE COMMITTEE

MEGANN VAUGHN WATTERSDIRECTOR

GREGGORY BORDESDIRECTOR

JACKIE MANCINIDIRECTOR

KARL RECTANUSEXECUTIVE COMMITTEE

KEVIN MOSELYDIRECTOR

LILYN HESTERDIRECTOR

MAHATI SRIDHARDIRECTOR

ALEX GRAYDIRECTOR

MATTHEW COOKEDIRECTOR

About this charity

Recognized since: January 1988
Location: PO BOX 13353 100, RESEARCH TRIANGLE PARK, NC 277093353
County: Durham
In care of: ALEX BLOOM
Primary officer: ALEX BLOOM, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(919) 549-7500

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BERNARD ROBINSON & COMPANY LLP
NTEE classification: Community Improvement & Capacity Building (S40Z)