Center for Entrepreneurship Inc

Nonprofit profile at a glance

EIN
421767047
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Washington, DC, USA
Phone
2028225000
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$2,092,060
Expenses
$2,068,198
Assets
$1,862,443
Liabilities
$823,820

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

9 people listed

Highest reported compensation

  • DENIS DIDKOVSKY (GENERAL DIRECTOR): $137,746 total reported compensation
  • PETER CHAROW (CHAIRMAN): $75,000 total reported compensation
  • ANNA BELOVA (DEPUTY CHAIRMAN): $30,462 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cfe's mission is to promote economic development in russia through entrepreneurship specifically, the organization aims to 1) train russian entrepreneurs to assist them in developing growing, high performing organizations, 2) promote entrepreneurship as a positive force for economic vitality and social advancement, 3) advocate for policies that facilitate the entrepreneurship process, 4) encourage others to support entrepreneurship, and 5) advance entrepreneurship education for youth and young adults through these activities, the organization aims to bolster the economic development of russia.

What it reported doing in 2020

Center for entrepreneurship (cfe) offers customized worldwide "best practice" programs that improve an entrepreneur's functional business knowledge and develop skills important for company success in areas such as entrepreneurial marketing and business planning. In addition, cfe's programs help entrepreneurs overcome environmental challenges that hinder company growth, such as protecting intellectual property, utilizing the legal system, and approaching capital providers. Cfe utilizes a robust delivery methodology, including focused courses, workshops, peer learning events, and networking opportunities. These programs foster not only entrepreneur-to-entrepreneur, but also mentor-to-entrepreneur, entrepreneur-to-investor, and entrepreneur-to-policymaker learning. By bringing together all of the players that influence entrepreneurial success, cfe offers unique, integrated and experiential learning programs. For more information on cfe's varied program service offerings, please refer to cfe's website, www.cfe.ru.

Operating model

Revenue model
Donor-supported. 81% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 57
  • Accountability: 75
  • Sustainability: 28
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.6%; rating input score 73
  • Program expense ratio: 73.5%; rating input score 73
  • Fundraising efficiency: $58.21 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.1%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.9; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 11.8%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: -11.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 72.6% of revenue deployed · 73.5% of spending went to programs
  • Governance: 6 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $138K · 9 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $120K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 11 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.