2026-08-25T14:59:49-05:00 2025-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2025-01-01 873827062 ANACOSTIA ENTREPRENEURSHIP CENTER INC ANAC 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 SHANNAN HERBERT BOARD CHAIR AND CEO 2025295505 2026-08-25 1 QIAN ZHANG P01306575 2127094500 2026-08-25 2025 2025-03-06 01:10:19Z SHANNAN HERBERT 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 1000182 0 X N/A X 2021 DC TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, WACIF. 2 0 0 0 0 0 621716 727885 370528 272297 0 0 0 0 992244 1000182 0 0 0 0 458664 403040 0 0 0 433091 527174 891755 930214 100489 69968 174397 174220 58492 -11653 115905 185873 TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF). 0 0 930214 0 272297 SMALL BUSINESS SUPPORT - THE ANACOSTIA ENTREPRENEURSHIP CENTER, INC. (AEC) PROVIDED SUPPORT TO SMALL BUSINESSES, NONPROFITS, AND SOCIAL ENTERPRISES THROUGH OFFERING AFFORDABLE COMMERCIAL, RETAIL SPACE, AND COMMUNITY MEETING SPACE TO OVER 80 SMALL BUSINESSES WITHIN WASHINGTON, D.C.'S WARD 8 COMMUNITY THROUGH ITS RETAIL STORE FRONTS, THE "HIVE" CO-WORKING FACILITY, AND BLACK BOX THEATER. IN ADDITION, THE AEC WAS UTILIZED TO PROVIDE CONVENINGS IN SUPPORT AND IN CELEBRATION OF MINORITY-OWNED BUSINESSES, INCLUDING ARTISTS. 930214 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DC X SHANNAN HERBERT 2025295505 2012 RHODE ISLAND AVENUE NE WASHINGTON DC 20018 SHANNAN HERBERT BOARD CHAIR AND CEO 2.00 42.00 X X 0 251622 37587 DAVID MALEY INTERIM CFO UNTIL MARCH 2025 2.00 40.00 X X 0 100594 9550 JOHN MCLEAN CHIEF FINANCIAL OFFICER 2.00 42.00 X X 0 126440 13541 MEGAN CARRAS CHIEF DEVELOPMENT OFFICER 2.00 40.00 X 0 159260 9823 MESSAY DEREBE DIR., GENERAL ANACOSTIA ARTS CENTER 12.00 30.00 X 0 151382 16282 0 789298 86783 0 0 1 0 0 404882 323003 727885 RENTAL INCOME 900099 245965 245965 SPONSORSHIP 900099 25000 25000 ADMIN. SERVICE FEES 900099 1332 1332 272297 1000182 272297 0 0 X 363224 363224 1841 1841 20677 20677 17298 17298 15900 15900 125 125 98339 98339 1636 1636 29705 29705 8544 8544 124946 124946 6989 6989 1100 1100 208594 208594 10000 10000 21296 21296 930214 930214 0 0 148306 144626 0 -3850 4900 29175 9524 1152 31450 28333 11667 3117 174397 174220 15350 57737 43142 -69390 58492 -11653 X 115905 185873 115905 185873 174397 174220 69968 0 X 0 1 X 1 0 X X 1 WASHINGTON AREA COMMUNITY INVESTMENT FUND 541442466 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31450 28333 3117 3117 SECURITY DEPOSIT 13274 DUE TO RELATED ENTITIES -82664 -69390 X PART X, LINE 2: ANACOSTIA ENTREPRENEURSHIP CENTER, INC. (AEC), FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN FASB ASC TOPIC 740, INCOME TAXES. AEC PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2025, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2025, THE STATUTE OF LIMITATIONS FOR TAX YEARS ENDED DECEMBER 31, 2022 THROUGH DECEMBER 31, 2024, REMAINED OPEN WITH THE U.S. FEDERAL JURISDICTION OR VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH AEC FILES TAX RETURNS; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS. IT IS AEC'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. 0 0 0 0 0 0 0 0 0 SHANNAN HERBERT BOARD CHAIR AND CEO 0 251489 0 0 0 133 0 13594 0 23993 0 289209 0 0 MEGAN CARRAS CHIEF DEVELOPMENT OFFICER 0 158989 0 271 0 0 0 2025 0 7798 0 169083 0 0 MESSAY DEREBE DIR., GENERAL ANACOSTIA ARTS CENTER 0 151111 0 271 0 0 0 7695 0 8587 0 167664 0 0 PART I, LINE 3 AEC UTLIZES WACIF STAFF UNDER A SECONDMENT AGREEMENT. COMPENSATION IS DETERMINED THROUGH WACIF'S INTERNAL PROCESSES. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO ACTIVE BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION REVIEWS THE DRAFT FEDERAL FORM 990 AT THE MANAGEMENT LEVEL. ONCE REVIEWED AND DEEMED READY FOR APPROVAL, IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. UPON BOARD OF DIRECTORS APPROVAL, THE FEDERAL FORM 990 IS READY FOR FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION'S CONFLICT OF INTEREST POLICY IS SIGNED BY ALL STAFF AND BOARD MEMBERS UPON COMMENCING THEIR PROFESSIONAL RELATIONSHIP TO THE CORPORATION. ON AN ANNUAL BASIS, ALL STAFF AND BOARD MEMBERS RE-SIGN THE CORPORATION'S CONFLICT OF INTEREST POLICY, DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. ANY CONFLICTS OF INTEREST THAT EXIST ARE DISCUSSED AMONG THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S GOVERNING DOCUMENTS, INCLUDING ITS ORGANIZATIONAL BYLAWS, AUDITED FINANCIAL STATEMENTS, FEDERAL FORM 990, AND CONFLICT OF INTEREST POLICY, ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE SERV CONTRACT: PROGRAM SERVICE EXPENSES 73,969. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,969. OUTSIDE SERVICE CONTRACT AAC FRONT DESK: PROGRAM SERVICE EXPENSES 20,666. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,666. OUTSIDE SERV TEMP: PROGRAM SERVICE EXPENSES 3,529. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,529. OUTSIDE SERV CASUAL LABOR: PROGRAM SERVICE EXPENSES 175. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 175. WASHINGTON AREA COMMUNITY INVESTMENT FUND INC (WACIF) 2012 RHODE ISLAND AVENUE WASHINGTON DC 20018 541442466 INCLUSIVE ENTREPRENEURSHIP, COMM. WEALTH BUILDING, AND EQUITABLE ECON. DEV. DC 501(C)(3) LINE 7 N/A 0 1231-1235 GOOD HOPE ROAD INC 2012 RHODE ISLAND AVENUE WASHINGTON DC 20018 873806971 OPERATED EXCLUSIVELY ON BEHALF OF AND FOR THE BENEFIT OF WACIF DC 501(C)(3) LINE 12C, III-FI WASHINGTON AREA COMMUNITY INVESTMENT FUND INC 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0