ENTREPRENEURS ACROSS BORDERS INC

EIN: 833130254 501(c)(3)

LITTLE FALLS, NY

Total Revenue
$284,635
Total Expenses
$458,901
Total Assets
$548,765
Net Assets
$233,336
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
KARL COTE
Phone
3155208748
Tax Period
2024-01-01 to 2024-12-31

ENTREPRENEURS ACROSS BORDERS INC, founded in 2019, is a small nonprofit that reported $285K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $459K exceeded revenue, resulting in a 61% operating deficit.

Mission

IDENTIFY, CURATE AND CONNECT TRANSFORMATIONAL LEADERS TO EXPERIENCED PEOPLE AND RESOURCES FOR THEM TO SCALE THEIR IMPACT ON IMPOVERISHED COMMUNITIES AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $315,278 Revenue: $18,521

ENTREPRENEURS ACROSS BORDERS, INC. (THE ORGANIZATION) IS A START-UP NOT-FOR-PROFIT CORPORATION INCORPORATED IN JANUARY 2019. THE ORGANIZATION SERVES TO IDENTIFY, CURATE AND CONNECT EMERGING...

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ENTREPRENEURS ACROSS BORDERS, INC. (THE ORGANIZATION) IS A START-UP NOT-FOR-PROFIT CORPORATION INCORPORATED IN JANUARY 2019. THE ORGANIZATION SERVES TO IDENTIFY, CURATE AND CONNECT EMERGING ENTREPRENEURS IN DEVELOPING COUNTRIES WITH RESOURCES THEY NEED TO CREATE JOBS, SUSTAINABLE LIVELIHOOD AND EQUITABLE GROWTH. THE ORGANIZATION CONTINUED TO BUILD ON THE ENTREPRENEURS ACROSS BORDERS CONNECT PLATFORM ADDING AN ARTIFICIAL INTELLIGENCE COMPONENT CALLED THE IDEATION HUB. THIS ADDITION WILL CONTINUE TO HELP US IDENTIFY, CURATE, AND CONNECT ENTREPRENEURS IN JAMAICA WITH THE RESOURCES THEY NEED TO BE SUCCESSFUL. ADDITIONALLY THE ORGANIZATION HOSTED A FIRST OF ITS KIND ENTREPRENEURIAL SUMMER CAMP FOR HIGH SCHOOL STUDENTS. THIS WAS HOSTED IN PARTNERSHIP WITH BIZWORLD INC. OVER THE COURSE OF TWO DAYS 28 STUDENTS FROM VARIOUS SOCIO-ECONOMIC AND GEOGRAPHIC BACKGROUNDS PARTICIPATED IN FUN LEARNING EXERCISES USING A MODERN APPROACH TO ENTREPRENEURSHIP TRAINING THAT INCLUDES PITCHING FOR FUNDING, ROUNDS OF FUNDING, UP ROUNDS, DOWN ROUNDS, AND COMPANY VALUATION. LASTLY WE HOSTED A GROUNDBREAKING CEREMONY FOR THE ZION ENTREPRENEURIAL VILLAGE WE WILL BE BUILDING IN COOPERATION WITH FOOD FOR THE POOR AND UPMOBILITY FOUNDATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $275,005
Program Service Revenue $18,521
Investment Income $-8,891
Other Revenue $0
TOTAL REVENUE $284,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $71,001
Program Expenses $315,278
Other Expenses $458,901
TOTAL EXPENSES $458,901

Year-over-Year Comparison

2024 2023 Change
Revenue $284,635 $155,058 +0.8%
Expenses $458,901 $290,225 +0.6%
Net Income $-174,266 $-135,167 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN BABINEC CHAIRMAN & SECRETARY 1.00
Officer Director
$0 $0 $0
JIM KENNEFICK DIRECTOR 1.00
Director
$0 $0 $0
MELISSA PEGUS TREASURER 1.00
Officer Director
$0 $0 $0
CHAD THEVENOT DIRECTOR 1.00
Director
$0 $0 $0
CHRIS COCHRAN EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
KARL COTE CFO 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $284,635 $458,901 $548,765 $-174,266
2023 $155,058 $290,225 $606,103 $-135,167
2022 No data $130,665 $467,647 No data
2021 $183,567 $321,617 $739,731 $-138,050
2020 $1,175,422 $373,093 $813,300 $802,329
2019 $240,000 $263,839 $56,161 $-23,839
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