Academy for Creating Enterprise

EIN: 870641040 501(c)(3) International Affairs

Lehi, UT

Total Revenue
$2,288,182
Total Expenses
$2,983,401
Total Assets
$6,568,989
Net Assets
$2,728,709
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
UT
Principal Officer
Robert Heyn
Phone
8016097448
Tax Period
2025-01-01 to 2025-12-31

Academy for Creating Enterprise, founded in 1999, is a community nonprofit in the International Affairs sector that reported $2.3M in total revenue in fiscal year 2025. Expenses of $3.0M exceeded revenue, resulting in a 30% operating deficit.

Mission

We ignite the entrepreneurial mindset in faith-driven people through training and support to create more abundant lives.

Program Service Accomplishments

Program 1
Expenses: $2,428,251

Grants were given to international programs who utilized member groups (called "Chapters") to facilitate all activity needed to assist members in their journey to become financially independent. In...

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Grants were given to international programs who utilized member groups (called "Chapters") to facilitate all activity needed to assist members in their journey to become financially independent. In 2025, 22,562 participants attended a training led by in-country staff. Participants become members of a local chapter where they receive ongoing training and mentoring. Chapters are led by local volunteers who are trained to provide that mentoring during monthly meetings and visits to individual member businesses. By the end of 2025 a total of 1,220 Chapters existed in which an average of 24,607 graduates participated monthly. The Chapter trainings and mentoring efforts helped participants form 12,174 new businesses (Income Generating Activities). Program expenditures represented 81% of our annual budget.In 2025, chapter programs operated in the following countries: the Philippines, Mexico, Brazil, Peru, Venezuela, Bolivia, Ecuador, Colombia, Ghana, Nigeria, Sierra Leone, Argentina, Paraguay, Uruguay, Chile, Guatemala and Honduras. The following numbers represent statistics for the year 2025:In-Country Staff provided:* Start Now training sessions - 665* Grow Now training sessions - 55* Residential training sessions - 5Active Chapter membership - 24,607 * Chapter Presidency trainings - 5.069New Income Generating Activities (new small businesses) formed by chapter members in 2025 - 12,174The Annual Academy Awards in each Area ($64,783 spent in all areas) celebrated the achievements of members throughout the year.The Academy partnered with the Light the World Campaign (Giving Machines) in distributing over $500,000 of gifts and training purchased by individual donors to over 1,300 business owners to help them grow their businesses.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,167,330
Program Service Revenue $0
Investment Income $115,780
Other Revenue $5,072
TOTAL REVENUE $2,288,182

Expense Breakdown

Grants Paid $1,877,511
Salaries & Benefits $609,095
Fundraising Expenses $353,150
Program Expenses $2,428,251
Other Expenses $496,795
TOTAL EXPENSES $2,983,401

Year-over-Year Comparison

2025 2024 Change
Revenue $2,288,182 $2,247,896 +0.0%
Expenses $2,983,401 $2,517,239 +0.2%
Net Income $-695,219 $-269,343 +1.6%
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
11
Independent Members
11
Employees
8
Volunteers
7763

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
6
$318,739
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Louden Board Chair 1.00
Officer Director
$0 $0 $0
Lyle Cricket Parry Treasurer 1.00
Officer Director
$0 $0 $0
Joe Jolene Swenson Vice Chair 1.00
Officer Director
$0 $0 $0
Shaun Ritchie Board Member 1.00
Director
$0 $0 $0
Brian Louise Murphy Board Member 1.00
Director
$0 $0 $0
Stephen W Gibson Board Member 1.00
Director
$0 $0 $0
Tanner Milne Board Member 1.00
Director
$0 $0 $0
Katie Ritchie Secretary 1.00
Officer Director
$0 $0 $0
Carrie Thompsen Board Member 1.00
Director
$0 $0 $0
Rex Hale Board Member 1.00
Director
$0 $0 $0
Rich Andrus Board Member 1.00
Director
$0 $0 $0
Robert Heyn Executive Director 40.00
Officer
$172,302 $1,108 $173,410
Cameron Crowther President 40.00
Officer
$133,741 $11,588 $145,329
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
2025 $2,288,182 $2,983,401 $6,568,989 $-695,219
2024 No data No data No data No data
2023 $1,345,456 $2,323,176 $3,757,438 $-977,720
2022 $1,724,590 $2,036,527 $4,780,795 $-311,937
2021 $3,746,618 $1,445,257 $5,165,983 $2,301,361
2020 $1,923,269 $1,274,398 $2,882,986 $648,871
2019 $1,558,472 $1,485,807 $2,179,285 $72,665
2018 $1,411,866 $1,098,076 $1,930,102 $313,790
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