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Nonprofit · EIN 47-1678840

INSTITUTE FOR ENTERPRISE INC

Tax-exempt · FERN BCH, FL 32035

Financials

$21K$22K2023$86K$25K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR ENTERPRISE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$85,960$25,236$60,724$1,386,078$0$1,386,078
December 31, 2023990$21,238$22,459-$1,221$1,172,430$0$1,172,430
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$14,725
Program service revenue
$0
Investment income
$71,204
Net gain from sales of assets
$58,259
Other revenue
$31

Expenses

Grants and similar amounts paid
$2,500
Compensation of officers, directors and key employees
$5,500
Salaries, compensation and benefits (total)
$5,500
Professional fundraising fees
$0
Accounting fees
$1,315
Program services (functional)
$25,236

Balance sheet and other

Total assets, start of year
$1,172,430
Total assets, end of year
$1,386,078
Total liabilities, end of year
$0
Net assets, end of year
$1,386,078
Publicly traded securities
$1,234,387
Gross receipts
$148,672
Employees
0
Volunteers
0
Year formed
2014
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
John C ElwellCo-Founder
Trustee or director
10$0
Bryan PoynterPresident
Trustee or director
10$0
Tonya N WoodDirector/Treasurer
Trustee or director
10$0
Sherry MitchellDirector
Trustee or director
10$0
Claudia WattsDirector
Trustee or director
10$0
Brie RuppSecretary
Trustee or director
10$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
John C ElwellVice President
Trustee or director
10$2,500
Douglas M NewtonPresideent
Trustee or director
10$2,500
Tonya N WoodDirector/Secretary
Trustee or director
10$500
Tim PoynterDirector
Trustee or director
10$0
Sherry MitchellDirector
Trustee or director
10$0
Claudia WattsDirector
Trustee or director
10$0

Address and contacts

Address (IRS master file)
PO BOX 16375, FERN BCH, FL 32035-3123
In care of
% TYLER S STUBBS
Principal officer (990 for 2024)
Douglas Newton, PO Box 16375, Fernandina Beach, FL 32034
Signed the 990
Tonya Wood, Director
Phone
(904) 206-3554
Return prepared by
DorCo Enterprises LLC

Mission

The mission of the Institude for Enterprise is to promote the growth of entrepreneurship by offering financial and education support for our nations youth.

990 for the year ended December 31, 2024

Program accomplishments

  • Contributions
    Expenses $25,236 · revenue $14,725

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-1678840
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J22)
Assets (IRS master file)
$1,386,078
Income (IRS master file)
$148,672

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$85,960$25,236$1,386,078XML
990December 2023$21,238$22,459$1,172,430XML
990December 2022-$32,660$18,701$945,213IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1678840).

Questions about INSTITUTE FOR ENTERPRISE INC

What is the EIN of INSTITUTE FOR ENTERPRISE INC?
The employer identification number (EIN) of INSTITUTE FOR ENTERPRISE INC is 47-1678840.
Is INSTITUTE FOR ENTERPRISE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to INSTITUTE FOR ENTERPRISE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE FOR ENTERPRISE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE FOR ENTERPRISE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE FOR ENTERPRISE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE FOR ENTERPRISE INC?
The 990 for the year ended December 31, 2024 names Douglas Newton.
Who are the officers and directors of INSTITUTE FOR ENTERPRISE INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does INSTITUTE FOR ENTERPRISE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $85,960, expenses of $25,236 and total assets of $1,386,078 at year end.

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