2024-10-20T16:09:35-07:00 2023-12-31 990 2023-01-01 261377831 ENTREPRENEURSHIP FOUNDATION INC ENTR 2035405903 425 Katona Drive Fairfield CT 06824 Michael Roer President 2035405903 2024-10-06 1 2023 2024-10-15 13:58:12Z Michael Roer 425 Katona Drive Fairfield CT 06824 370026 0 X www.EntrepreneurshipFoundation.org X 2007 CT Our mission is to provide effective resources for Educators and Entrepreneurs. 3 2 0 40 0 0 376242 370020 0 0 1 6 0 0 376243 370026 123188 118448 0 0 35000 35000 0 0 1000 165920 92009 324108 245457 52135 124569 160919 268708 20880 4100 140039 264608 Our mission is to provide effective resources and support for Educators and Entrepreneurs. 0 0 91416 3400 0 WORKFORCE DEVELOPMENT. Responding to the requests from the regional Chamber of Commerce and with an ARPA grant, the Foundation embarked on a program to support the manufacturing industry in the state of Connecticut that has suffered supply chain interruptions from COVID and a chronic shortage of skilled labor. As a result, we launched a marketing campaign to encourage young people to pursue manufacturing as a business (to expand the existing supply chain) or as a career to bolster HR resources for the companies. Events included career fairs and manufacturing trade shows with young companies and startups as suppliers and established firms as buyers. 126363 100448 0 BUSINESS PLAN COMPETITIONS for residents and businesses located in CT through two competitions: 1) The BRIDGEPORT BUSINESS CHALLENGE, whereby $69,698 in startup and growth grants were distributed among 30 finalists, chosen from over 100 entries from students, startups and established companies in the greater Bridgeport region. More than 20 volunteer judges helped to select the most promising companies in two rounds and three categories. 2) The NEW PRODUCT COMPETITION, that allocated $30,750 in R&D grants among 25 entries. 7132 0 0 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. 3710 0 0 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 hundreds more. 210 0 0 CCEE (Conntecticut Consortium for Entrepreneurship Educators). The Foundation hosted a meeting of 14 member colleges and universities of the CT Consortium for Entrepreneurship Education (CCEE) on February 17 to discuss priorities, strategies and funding. Funds expended were for refreshments. 3920 0 0 228831 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X Michael Roer 2035208051 425 Katona Drive Fairfield CT 06824 Michael Roer President 20 0 X X X 35000 0 0 Cliff Ennico Corporate Secretary 0.1 0 X X 0 0 0 Evan Kipperman Member of Board of Directors 0.1 0 X 0 0 0 35000 0 0 0 0 0 0 0 0 0 0 0 369720 300 0 370020 0 6 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 370026 6 0 0 18000 18000 100448 100448 0 0 0 0 35000 25000 9000 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26000 26000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5875 5875 0 0 28295 28295 0 0 2189 0 2189 0 6733 4590 2143 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 759 0 759 0 Program Expenses and Supplied 20623 20623 0 0 Miscellaneous Overhead 1535 0 1535 0 0 0 245457 228831 15626 1000 34032 188246 55456 55462 0 25000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 71431 160919 268708 880 4100 0 0 0 0 0 0 0 0 20000 0 0 0 0 0 0 20880 4100 X 0 0 0 0 140039 264608 140039 264608 160919 268708 124569 0 0 0 0 0 X 0 0 0 X 176707 199283 276612 375988 370020 1398610 0 0 0 0 0 0 2000 2000 0 1500 0 5500 178707 201283 276612 377488 370020 1404110 0 1404110 91 5 7 255 6 364 0 0 0 0 0 0 0 0 0 0 0 0 1404474 0 0.99974 0.99969 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 University of Bridgeport 126 Park Avenue Bridgeport CT 06604 060646936 501(c)(3) 10000 0 N/A N/A To provide grants to students and faculty for translational research for discoveries with commericial potential. Housatonic Community College Foundation 900 Lafayette Blvd Bridgeport CT 06604 061291848 501 (c)3 8000 0 N/A N/A Scholarships for manufacturing Accelerator and a STEAM conference. 2 0 Startup and growth grants of $500 to $5000. 23 77198 0 N/A N/A Cash grant for marketing paid to Twenty First Century Endeavors (Stress Factory), Bridgeport CT 1 10000 0 N/A N/A Cash grant for marketing to 3DuxDesign 1 7000 0 N/A N/A Cash grant to ViMa Ro & Co. LLC to launch business 1 5750 0 N/A N/A Encouragement grants of $500 or less not requiring a 1099. 1 500 0 N/A N/A Schedule I, Part I, Line 2 Amounts of $5000 or more require recipients to sign a contract stipulating authorized uses for the grants. Form 990, Part VI, Section B, Line 11b PART VI - Section B - 11a. The organization provided a complete copy of this Form 990 to all members of its governing body before filing the form. Board members were asked to comment prior to submitting the 990. - 12b. Written conflict of interest policy. Officers and directors and key employees are surveyed annually and required to disclose annually interests that could give rise to conflicts? - 12c. The organization, through its chief executive, regularly and consistently monitors and enforces compliance with the policy, primarily by maintaining an arms-length relationship among the leadership and programs of the foundation. -15a,b,c. Determining compensation. The President is the only paid key employee. The independent board members collaborate privately by phone and email annually to determine remuneration for the President. The amount is based on knowledge of similar roles in the state and the historical trend for the position since 2007. Form 990, Part VI, Section B, Line 12c All contracts, invoices and grants are monitored for potential conflicts of interest with any board member or volunteer. Form 990, Part VI, Section B, Line 15 The only paid officer is the President, the salary for whom is determined by a committee of independent board members. The amount is based on historical norms for the organization and comparables for presidents of similar non-profits in terms of size, budget, programs and scope. Form 990, Part VI, Section C, Line 19 PART VI - Section C -19. The organization made its governing documents, conflict of interest policy, and financial statements available to the public via email upon request.