Nonprofit · EIN 55-0613794
CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC
Tax-exempt · MORGANTOWN, WV 26505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $602,103 | $598,122 | $3,981 | $467,578 | $38,288 | $429,290 |
| June 30, 2024 | 990-PF | $594,585 | $585,138 | $9,447 | $468,483 | $43,024 | $425,459 |
| June 30, 2023 | 990-PF | $486,754 | $513,786 | -$27,032 | $455,139 | $38,952 | $416,187 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $54,191
- Interest
- $15,272
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,645
- Salaries, compensation and benefits (total)
- $200,764
- Disbursements for charitable purposes
- $58,505
- Excise tax on investment income
- $212
Balance sheet and other
- Total assets, start of year
- $468,482
- Total assets, end of year
- $467,578
- Total liabilities, end of year
- $38,288
- Net assets, end of year
- $429,290
- Fair market value of assets
- $467,578
- Qualifying distributions
- $58,505
- Net investment income
- $15,272
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carl D Hadsell 1062 Maple Drive Suite B, Morgantown, WV 26505 | Managing Director Board Chair | 40 | $164,690 | $23,057 |
| Daniel Kniska 1062 Maple Drive Suite B, Morgantown, WV 26505 | Director | 40 | $135,825 | $19,016 |
| Philomena Krosmico 1062 Maple Drive Suite B, Morgantown, WV 26505 | Director | 1 | $0 | $0 |
| Tommy Azinger 1062 Maple Drive Suite B, Morgantown, WV 26505 | Secretary | 20 | $0 | $0 |
990-PF for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carl D Hadsell 1062 Maple Drive Suite B, Morgantown, WV 26505 | Managing Director Board Chai | 40 | $151,477 | $11,821 |
| Daniel Kniska 1062 Maple Drive Suite B, Morgantown, WV 26505 | Director | 40 | $87,499 | $12,250 |
| Tommy Azinger 1062 Maple Drive Suite B, Morgantown, WV 26505 | Secretary | 20 | $32,280 | $0 |
| Philomena Krosmico 1062 Maple Drive Suite B, Morgantown, WV 26505 | Director | 1 | $0 | $0 |
990-PF for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARL D HADSELL 1062 Maple Drive Suite B, Morgantown, WV 26505 | PRESIDENT | 40 | $160,405 | $9,624 |
| DAN KNISKA 1062 Maple Drive Suite B, Morgantown, WV 26505 | TREASURER | 40 | $76,140 | $10,660 |
| PHILOMENA KROSMICO 1062 Maple Drive Suite B, Morgantown, WV 26505 | DIRECTOR | 1 | $0 | $0 |
| TOMMY AZINGER 1062 Maple Drive Suite B, Morgantown, WV 26505 | SECRETARY | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1062 MAPLE DR STE B SUITE B, MORGANTOWN, WV 26505-0386
- In care of
- % CARL D HADSELL
- Signed the 990-PF
- CARL D HADSELL, Managing Director Board Chair
- Phone
- (304) 293-5551
- Return prepared by
- Melissa Powers CPA &Associates PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 55-0613794
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $467,578
- Income (IRS master file)
- $602,103
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $602,103 | $598,122 | $467,578 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990-PF | June 2024 | $594,585 | $585,138 | $468,483 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990-PF | June 2023 | $486,754 | $513,786 | $455,139 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990 | June 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 55-0613794).
Questions about CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC
- What is the EIN of CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC?
- The employer identification number (EIN) of CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC is 55-0613794.
- Is CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC?
- The 990-PF for the year ended June 30, 2025 lists 4 people; 2 received compensation from the organization, the highest $164,690 (Carl D Hadsell, Managing Director Board Chair).
- How much revenue does CENTER FOR ENTREPRENEURIAL STUDIES AND DEVELOPMENT INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $602,103, expenses of $598,122 and total assets of $467,578 at year end.
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