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COMMUNITY ENTERPRISE DEVELOPMENT SERVICES: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
COMMUNITY ENTERPRISE DEVELOPMENT SERVICES (EIN 45-3064996)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-10-11
IRS object ID
201302849349300245
Schema version
2012v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-10-11T13:01:31-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JDS PROFESSIONAL GROUPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line110303 E DRY CREEK RD STE 400AddressLine1
CityENGLEWOODCity
StateCOState
ZIP Code80112ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN453064996EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY ENTERPRISE DEVELOPMENTBusinessNameLine1
Business Name Line2SERVICESBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlCOMMNameControl
Phone3035698165Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11600 DOWNING STAddressLine1
Address Line2ROOM/SUITE 750AddressLine2
CityDENVERCity
StateCOState
ZIP Code80218ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSISAY TEKLUName
TitleEXECUTIVE DIRECTORTitle
Phone3035698165Phone
Date Signed2013-10-11DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLORI B BAUER CPAName
Phone3037710123Phone
Date Prepared2013-10-11DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Initial ReturnXInitialReturn
Gross Receipts513316GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.CEDSFINANCE.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2011YearFormation
State Legal DomicileCOStateLegalDomicile
Activity Or Mission DescriptionOUR MISSION IS TO ASSIST REFUGEES/ASYLEES ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH ASSETS OWNERSHIP, BUSINESS OWNERSHIP AND FINANCIAL LITERACY SERVICES.ActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees5TotalNbrEmployees
Total Nbr Volunteers6TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year506036ContributionsGrantsCurrentYear
Program Service Revenue CY7173ProgramServiceRevenueCY
Investment Income Current Year33InvestmentIncomeCurrentYear
Other Revenue Current Year74OtherRevenueCurrentYear
Total Revenue Current Year513316TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year228047SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expenses Current Year37849OtherExpensesCurrentYear
Total Expenses Current Year265896TotalExpensesCurrentYear
Revenues Less Expenses CY247420RevenuesLessExpensesCY
Total Assets EOY260010TotalAssetsEOY
Total Liabilities EOY12590TotalLiabilitiesEOY
Net Assets Or Fund Balances EOY247420NetAssetsOrFundBalancesEOY
Mission DescriptionOUR MISSION IS TO ASSIST REFUGEES/ASYLEES ATTAIN ECONOMIC SELF-SUFFICIENCY THROUGH ASSETS OWNERSHIP, BUSINESS OWNERSHIP AND FINANCIAL LITERACY SERVICES.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense201784Expense
Revenue2199Revenue
DescriptionINDIVIDUAL DEVELOPMENT ACCOUNT SERVED 70 CLIENTS TO OWN DIFFERENT ASSETS MICRO ENTERPRISE DEVELOPMENT PROGRAM PROMOTED THE ESTABLISHMENT/EXPANSION OF 9 BUSINESSES. THE FINANCIAL EDUCATION HELPED 120 CLIENTS TO MAKE INFORMED DECISION.Description
Total Program Service Expense201784TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees5NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledCOStatesWhereCopyOfReturnIsFiled
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonTHE ORGANIZATIONNamePerson
Telephone Number3035698165TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11600 DOWNING ST 750AddressLine1
CityDENVERCity
StateCOState
ZIP Code80218ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
BEN TURNER
CHAIR1.00XX000
CHAD WANGER
VICE CHAIR1.00XX000
MAXIME EDJA
TREASURER1.00XX000
YOSEPH TAFARI
DIRECTOR1.00X000
PAUL STEIN
DIRECTOR1.00X000
SISAY TEKLU
EXECUTIVE DI40.00X7720107892
FieldValueIRS element (for citing)
Total Reportable Comp From Org77201TotalReportableCompFromOrg
Total Other Compensation7892TotalOtherCompensation
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Government Grants380727GovernmentGrants
All Other Contributions125309AllOtherContributions
Total Contributions506036TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
MICRO LOAN INTEREST49744974
PROGRAM FEES21992199
FieldValueIRS element (for citing)
Total Program Service Revenue7173TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column33TotalRevenueColumn
Exclusion$33ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER INCOMEDescription
Total Revenue Column74TotalRevenueColumn
Related Or Exempt Function Income74RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue74TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column513316TotalRevenueColumn
Related Or Exempt Function Income7247RelatedOrExemptFunctionIncome
Exclusion$33ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total85093Total
Program Services64576ProgramServices
Management And General20517ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total115356Total
Program Services87542ProgramServices
Management And General27814ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total14479Total
Program Services11242ProgramServices
Management And General3237ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total13119Total
Program Services9956ProgramServices
Management And General3163ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total1250Total
Program Services950ProgramServices
Management And General300ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total408Total
Program Services310ProgramServices
Management And General98ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total6988Total
Program Services5317ProgramServices
Management And General1671ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total4895Total
Program Services3720ProgramServices
Management And General1175ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total13131Total
Program Services9980ProgramServices
Management And General3151ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total3371Total
Program Services2562ProgramServices
Management And General809ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total898Total
Program Services682ProgramServices
Management And General216ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total334Total
Program Services323ProgramServices
Management And General11ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total1362Total
Program Services1035ProgramServices
Management And General327ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
MEMBERSHIP & DUES14351091344
STAFF DEVELOPMENT1032785247
CREDIT CHECKS750750
FINES & PENALTIES710710

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1285Total
Program Services963ProgramServices
Management And General322ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total265896Total
Program Services201784ProgramServices
Management And General64112ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
EOY69416EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
EOY86267EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
EOY16696EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
EOY86294EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis1671LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec334LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
EOY1337EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY0BOY
EOY260010EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
EOY12590EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY12590EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
EOY247420EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY0BOY
EOY247420EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY0BOY
EOY260010EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses247420ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement SeparateXFinancialStatementSeparate
FieldValueIRS element (for citing)
Audit CommitteefalseAuditCommittee

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year506036CurrentTaxYear
Total506036Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year506036CurrentTaxYear
Total506036Total
FieldValueIRS element (for citing)
Public Support Total170506036PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year33CurrentTaxYear
Total33Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year74CurrentTaxYear
Total74Total
FieldValueIRS element (for citing)
Total Support506143TotalSupport
Gross Receipts From Admissions Etc7173GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.99980PublicSupportPertcentage170
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis1671OtherCostOrOtherBasis
Depreciation334Depreciation
Book Value1337BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings1337TotalOfBookValueLandBuildings
Tot Revenue Etc Audited Fincl Stmt513316TotRevenueEtcAuditedFinclStmt
Revenue Subtotal513316RevenueSubtotal
Total Revenue Per Form990513316TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt265896TotExpensesEtcAuditedFinclStmt
Expenses Subtotal265896ExpensesSubtotal
Total Expenses Per Form990265896TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

FieldValueIRS element (for citing)
IdentifierLIABILITY UNDER FIN 48 FOOTNOTEIdentifier
Return ReferenceSCHEDULE D, PAGE 3, PART XReturnReference
ExplanationTHE ORGANIZATION FOLLOWS ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND REPORTING FOR UNCERTAINTIES IN INCOME TAX LAW. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE STANDARD ALSO PROVIDES GUIDANCE RELATED TO DE-RECOGNITION, CLASSIFICATION, AND INTEREST AND PENALTIES. DURING THE YEAR ENDED DECEMBER 31, 2012, THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN AFFECT ON ITS TAX-EXEMPT STATUS.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN PRESENTED AT THE MEETING OF THE BOARD OF DIRECTORS BEFORE FILING.
ENFORCEMENT OF CONFLICTS POLICYFORM 990, PAGE 6, PART VI, LINE 12COFFICERS ARE EXPECTED TO TAKE INITIATIVES TO SHOW CONFLICT OF INTEREST AND OTHER MEMBERS ALSO TO INDICATE POSSIBLE AREAS OF CONFLICT OF INTEREST.
COMPENSATION PROCESS FOR TOP OFFICIALFORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY.
COMPENSATION PROCESS FOR OFFICERSFORM 990, PAGE 6, PART VI, LINE 15BCOMPENSATION IS INITIATED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19WE MAKE SURE OUR GOVERNING DOCUMENTS ARE AVAILABLE FOR ANYONE INTERESTED TO LOOK AT OUR OFFICE, WEBSITE AND OTHER APPROPRIATE PUBLIC AGENCIES.