Eastern Shore Entrepreneurship Center Inc
Eastern Shore Entrepreneurship Center Inc
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About this organization
Mission
The principal purpose of the Corporation is to stimulate and support entrepreneurship & innovation on Maryland's nine Eastern Shore counties, (hereafter referred to as the “Region”). A secondary purpose is to collaborate with other service providers or organizations in support of regional business startup & entrepreneurship within adjacent state & county jurisdictions of the Delmarva Peninsula. The primary focus of the Corporation is to facilitate the creation and support of businesses exhibiting significant innovation and growth potential and the capacity to substantially contribute to the social mission of improving the overall economic health of the Region.
About
Managed a portfolio of loans to small businesses totaling $937,040 at low interest rates to encourage and stimulate growth.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “To provide technical assistance, education, and access to capital services to individuals and small and mid-size businesses.”.
When discussing its operations, they were characterized as: “To create an entrepreneurial ecosystem that results in personal wealth creation which in turn adds to the growth of community resources and services.”.
- The non-profit's legally reported state of operation is MD.
- The filing states that the non-profit's address in the year 2020 is 8737 BROOKS DRIVE SUITE 101, EASTON, MD, 21601.
- The form submitted by the non-profit for 2020 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$55,246.
- The organization has 8 independent voting members.
- The organization was formed in 2004.
- The organization pays $117,000 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.