ANACOSTIA ENTREPRENEURSHIP CENTER INC

EIN: 873827062 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$992,244
Total Expenses
$891,755
Total Assets
$174,397
Net Assets
$115,905
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
SHANNAN HERBERT
Phone
2025295505
Tax Period
2024-01-01 to 2024-12-31

ANACOSTIA ENTREPRENEURSHIP CENTER INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $992K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $892K left a modest 10% surplus.

Mission

TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF).

Program Service Accomplishments

Program 1
Expenses: $891,755 Revenue: $370,528

SMALL BUSINESS SUPPORT - THE ANACOSTIA ENTREPRENEURSHIP CENTER, INC. (AEC) PROVIDED SUPPORT TO SMALL BUSINESSES, NONPROFITS, AND SOCIAL ENTERPRISES THROUGH OFFERING AFFORDABLE COMMERCIAL, RETAIL...

Read more

SMALL BUSINESS SUPPORT - THE ANACOSTIA ENTREPRENEURSHIP CENTER, INC. (AEC) PROVIDED SUPPORT TO SMALL BUSINESSES, NONPROFITS, AND SOCIAL ENTERPRISES THROUGH OFFERING AFFORDABLE COMMERCIAL, RETAIL SPACE, AND COMMUNITY MEETING SPACE TO OVER 80 SMALL BUSINESSES WITHIN WASHINGTON, D.C.'S WARD 8 COMMUNITY THROUGH ITS RETAIL STORE FRONTS, THE "HIVE" CO-WORKING FACILITY, AND BLACK BOX THEATER. IN ADDITION, THE AEC WAS UTILIZED TO PROVIDE CONVENINGS IN SUPPORT AND IN CELEBRATION OF MINORITY-OWNED BUSINESSES, INCLUDING ARTISTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $621,716
Program Service Revenue $370,528
Investment Income $0
Other Revenue $0
TOTAL REVENUE $992,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $458,664
Fundraising Expenses $0
Program Expenses $891,755
Other Expenses $433,091
TOTAL EXPENSES $891,755

Year-over-Year Comparison

2024 2023 Change
Revenue $992,244 $602,578 +0.6%
Expenses $891,755 $628,904 +0.4%
Net Income $100,489 $-26,326 -4.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
3
Independent Members
N/A
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
2
$328,316
Total Directors
4
$568,902
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN FRYATT CFOO & COO-INTERIM CEO UNTIL 5/3/24 2.00
Officer Director
$0 $11,988 $94,825
MICHAEL JOHNS SECRETARY 2.00
Director
$0 $482 $89,017
SHANNAN HERBERT BOARD CHAIR AND CEO 2.00
Officer Director
$0 $23,544 $233,491
DAVID MALEY VICE CHAIR AND TREASURER 2.00
Director
$0 $12,460 $151,569
MESSAY DEREBE DIR., GENERAL ANACOSTIA ARTS CENTER 12.00
Highest
$0 $14,950 $161,686
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 $992,244 $891,755 $174,397 $100,489
2022 $454,676 $413,902 $115,753 $40,774
Explore More Nonprofits
→Top 100 Nonprofits in District of Columbia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ANACOSTIA ENTREPRENEURSHIP CENTER INC with other nonprofits in District of Columbia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.