Small Enterprise Education And Promotion Network Inc
Small Enterprise Education And Promotion Network Inc faces declining revenue and consistent net losses, with liabilities exceeding assets.
EIN: 133840611 · Arlington, VA · NTEE: Q023 · Updated: 2026-03-28
Is Small Enterprise Education And Promotion Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Small Enterprise Education And Promotion Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Small Enterprise Education And Promotion Network Inc
Small Enterprise Education And Promotion Network Inc (EIN: 133840611) is a nonprofit organization based in Arlington, VA, classified under NTEE code Q023. The organization reported total revenue of $1.5M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Small Enterprise Education And Promotion Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Small Enterprise Education And Promotion Network Inc is a mid-size nonprofit that has been operating for 31 years, with 11 years of IRS 990 filings on record (2010–2020). Revenue has grown at a compound annual rate of -9.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-632,743 |
| Total Assets | $1.0M |
| Total Liabilities | $1.5M |
| Net Assets | $-438,059 |
| Operating Margin | -42.6% |
| Debt-to-Asset Ratio | 142.6% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2020, Small Enterprise Education And Promotion Network Inc reported a deficit of $633K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 142.6% (high leverage).
Financial Trends
Over 11 years of filings (2010–2020), Small Enterprise Education And Promotion Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -44.9% | -23.1% | -38.1% |
| 2019 | -20.1% | -20.2% | +9.5% |
| 2018 | +9.3% | +9.5% | -4.8% |
| 2017 | +3.2% | +6.6% | +8.0% |
| 2016 | -27.6% | -29.9% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Small Enterprise Education And Promotion Network Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Small Enterprise Education And Promotion Network Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $633K, with expenses exceeding revenue.
- Debt-to-asset ratio: 142.6%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to its officers, which is a strong positive for resource allocation and transparency regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Small Enterprise Education And Promotion Network Inc's IRS 990 filings:
- Consistent decline in revenue over multiple years, from $3,373,389 in 2018 to $1,485,694 in 2020.
- Recurring net losses, with expenses frequently exceeding revenue (e.g., $632,743 deficit in 2020).
- Liabilities consistently exceed assets, indicating potential financial instability (e.g., $1,465,742 liabilities vs. $1,027,683 assets in 2020).
- Significant drop in assets from $1,660,899 in 2019 to $1,027,683 in 2020.
Strengths
The following positive indicators were identified for Small Enterprise Education And Promotion Network Inc:
- Reports 0% officer compensation across all available filings, indicating efficient use of funds for executive pay.
- Long filing history (11 filings) suggests consistent reporting and transparency over time.
Frequently Asked Questions about Small Enterprise Education And Promotion Network Inc
Is Small Enterprise Education And Promotion Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Small Enterprise Education And Promotion Network Inc (EIN: 133840611) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Small Enterprise Education And Promotion Network Inc spend its money?
Small Enterprise Education And Promotion Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Small Enterprise Education And Promotion Network Inc tax-deductible?
Small Enterprise Education And Promotion Network Inc is registered as a tax-exempt nonprofit (EIN: 133840611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has Small Enterprise Education And Promotion Network Inc's revenue declined so significantly from $3,373,389 in 2018 to $1,485,694 in 2020?
The provided data shows a consistent downward trend in revenue, but the specific reasons for this decline are not detailed in the IRS 990 summary. This would require further investigation into their operational reports or financial statements.
How does Small Enterprise Education And Promotion Network Inc plan to address its recurring net losses, such as the $632,743 deficit in 2020?
The IRS 990 summary does not provide details on future financial strategies. The consistent pattern of expenses exceeding revenue suggests a need for a revised financial plan to ensure sustainability.
What is the breakdown of program expenses, and how effectively are these funds being utilized given the overall financial challenges?
While the spending breakdown estimates 80% for programs, the detailed allocation and impact of these program expenses are not available in the provided summary. Further analysis of their program reports would be needed.
What is the organization's strategy for managing its high liabilities ($1,465,742 in 2020) relative to its assets ($1,027,683 in 2020)?
The summary indicates a concerning ratio of liabilities to assets. The specific strategies for managing this financial structure are not disclosed in the provided data.
Filing History
IRS 990 filing history for Small Enterprise Education And Promotion Network Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2020), Small Enterprise Education And Promotion Network Inc's revenue has declined by 64%, moving from $4.1M to $1.5M. Total assets decreased by 85.1% over the same period, from $6.9M to $1.0M. Total functional expenses fell by 72.1%, from $7.6M to $2.1M. In its most recent filing year (2020), Small Enterprise Education And Promotion Network Inc reported a deficit of $633K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.0M in assets (debt-to-asset ratio: 142.6%), resulting in net assets of $-438,059.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.5M | $2.1M | $1.0M | $1.5M | — | View 990 |
| 2019 | $2.7M | $2.8M | $1.7M | $1.5M | — | View 990 |
| 2018 | $3.4M | $3.4M | $1.5M | $1.3M | — | View 990 |
| 2017 | $3.1M | $3.2M | $1.6M | $1.3M | — | View 990 |
| 2016 | $3.0M | $3.0M | $1.5M | $1.1M | — | View 990 |
| 2015 | $4.1M | $4.2M | $1.4M | $1.1M | — | View 990 |
| 2014 | $4.4M | $4.2M | $1.7M | $1.2M | — | View 990 |
| 2013 | $3.1M | $3.6M | $1.9M | $1.6M | — | View 990 |
| 2012 | $4.8M | $4.6M | $1.7M | $937K | — | View 990 |
| 2011 | $1.9M | $6.6M | $2.6M | $2.1M | — | View 990 |
| 2010 | $4.1M | $7.6M | $6.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.5M, expenses of $2.1M, and assets of $1.0M (revenue -44.9% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.8M, and assets of $1.7M (revenue -20.1% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $1.5M (revenue +9.3% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.2M, and assets of $1.6M (revenue +3.2% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.0M, and assets of $1.5M (revenue -27.6% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.2M, and assets of $1.4M (revenue -6.7% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.2M, and assets of $1.7M (revenue +43.1% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.6M, and assets of $1.9M (revenue -35.6% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.6M, and assets of $1.7M (revenue +149.8% year-over-year).
- 2011: Revenue of $1.9M, expenses of $6.6M, and assets of $2.6M (revenue -53.3% year-over-year).
- 2010: Revenue of $4.1M, expenses of $7.6M, and assets of $6.9M.
Data Sources and Methodology
This transparency report for Small Enterprise Education And Promotion Network Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.