2025-11-14T19:39:47-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 273709704 EMERGING ENTERPRISE CENTER INC EMER 3027374343 900 JUSTISON ST 920 WILMINGTON DE 19801 YVONNE DEADWYLER PRESIDENT & CEO 3027374343 2025-11-12 1 0 CHICHI MSANGI P01972113 5712279500 2025-11-11 2024 2025-03-06 01:10:19Z YVONNE DEADWYLER 900 JUSTISON ST 920 WILMINGTON DE 19801 498769 0 X WWW.EECINCUBATOR.COM X 2013 DE TO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION. 8 7 0 7 0 0 264206 261000 92815 97941 72 64 134132 139764 491225 498769 0 0 0 0 105343 114081 0 0 21337 369230 372672 474573 486753 16652 12016 1744534 1454874 1050743 749067 693791 705807 X SEE SCHEDULE OTO ENHANCE THE CHANCES FOR SUCCESS OF PERSONS STARTING NEW BUSINESSES, BY FACILITATING THE EDUCATION AND BUSINESS SKILL DEVELOPMENT, THROUGH A COMPREHENSIVE PROGRAM OF SUPPORT, ADVICE AND ACCESS, SO THAT THEY CAN GRADUATE WITH SUSTAINABLE BUSINESS MODEL WHICH WILL ENABLE THEM TO SUBSTANTIALLY CONTRIBUTE TO THE SOCIAL MISSION OF IMPROVING THE OVERALL ECONOMIC HEALTH OF THE REGION. 0 0 384078 0 237705 THE EMERGING ENTERPRISE CENTER IS A BUSINESS INCUBATOR AND ACCELERATOR AS AN INITIATIVE OF NEW CASTLE COUNTY CHAMBER OF COMMERCE THAT OFFERS 5,000 SQUARE FEET OF AFFORDABLE OFFICE, CONFERENCE AND CO-WORKING SPACE, BUSINESS TRAINING, MENTORSHIP AND NETWORKING OPPORTUNITIES TO HELP START-UPS GROW AND SUCCEED. 384078 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 DE X YVONNE DEADWYLER 3027374343 900 JUSTISON ST 920 WILMINGTON DE 19801 X YVONNE DEADWYLER PRESIDENT & CEO 3.00 X X 0 0 0 TIM BOULDEN DIRECTOR 0.50 X 0 0 0 JOSEPH FITZGERALD DIRECTOR 0.50 X 0 0 0 NEIL KILIAN DIRECTOR 0.50 X 0 0 0 MARK OLAZAGASTI DIRECTOR 0.50 X 0 0 0 ALEXANDRA PARKOWSKI DIRECTOR 0.50 X 0 0 0 MATTHEW PARKS DIRECTOR 0.50 X 0 0 0 CHRISTINE SCHILTZ DIRECTOR (UNTIL 06/24) 0.50 X 0 0 0 NEIL STALTER DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 250000 11000 261000 PROGRAM FEES 611430 97941 97941 97941 64 64 139764 0 139764 139764 139764 498769 237705 0 64 89473 80525 4474 4474 2456 2210 123 123 15248 13724 762 762 6904 6214 345 345 60000 60000 11500 10350 575 575 1553 1397 78 78 487 439 24 24 5434 4890 272 272 7163 6445 361 357 255112 229698 12653 12761 5434 4890 272 272 4998 4498 250 250 3885 3497 194 194 MEMBER PROGRAMS 13500 12150 675 675 BANK FEES 3501 3151 175 175 105 105 486753 384078 81338 21337 796314 513672 5340 11295 95254 9998 67490 85256 875390 844651 1744534 1454874 62089 4846 988654 744221 1050743 749067 X 450636 595030 243155 110777 693791 705807 1744534 1454874 12016 0 X 0 1 X 1 0 X 244463 278733 566519 264206 261000 1614921 244463 278733 566519 264206 261000 1614921 1614921 200695 205898 213625 72 139828 760118 2375039 279127 0.68000 0.65300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31795 2068 29727 63459 7930 55529 85256 RIGHT-OF-USE LEASE ASSET 594560 DUE FROM RELATED PARTY 250091 844651 DUE TO RELATED PARTY 23908 LEASE LIABILITY 720313 744221 X 498769 0 498769 0 498769 486753 0 486753 0 486753 PART X, LINE 2: EEC QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND NO PROVISION OR LIABILITY FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. EEC HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. EEC BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AND HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS PRESENTED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE. THE CORPORATION SHALL HAVE AN EXECUTIVE COMMITTEE WHOSE PRIMARY FUNCTIONS ARE FINANCE/BUDGET, LONG RANGE STRATEGIC PLANNING AND PERSONNEL. THE EXECUTIVE COMMITTEE SHALL BE A COMMITTEE OF THE BOARD, SHALL CONSIST OF THE FOUR (4) PRINCIPAL OFFICERS OF THE CORPORATION AND UP TO FIVE (5) ADDITIONAL DIRECTORS APPOINTED BY THE PRESIDENT, TO SERVE IN SUCH CAPACITY UNTIL THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. THE PRESIDENT SHALL SERVE AS THE CHAIRPERSON OF THE EXECUTIVE COMMITTEE AND SHALL PRESIDE AT ALL OF ITS MEETINGS. THE PRESIDENT MAY ASK PERSONS TO ATTEND EXECUTIVE COMMITTEE MEETINGS WHO ARE NOT MEMBERS OF THE EXECUTIVE COMMITTEE, BUT ONLY EXECUTIVE COMMITTEE MEMBERS MAY VOTE AT THE MEETINGS. EXCEPT TO THE EXTENT PROHIBITED OR LIMITED BY SECTION 5.1 ABOVE OR BY RESOLUTION OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS AT SUCH TIMES AS THE BOARD IS NOT IN SESSION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE BOARD OF DIRECTORS. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE INDEPENDENT ACCOUNTING FIRM PROCEEDS TO FILE THE 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT PUBLISH ITS GOVERNING DOCUMENTS PUBLICLY. HOWEVER, THE ORGANIZATION WOULD ALLOW ITS MEMBERS AND THE PUBLIC TO REVIEW CERTAIN DOCUMENTS UPON WRITTEN REQUEST. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG.