Nonprofit · EIN 54-1993252
ECDC ENTERPRISE DEVELOPMENT GROUP
Tax-exempt · ARLINGTON, VA 22204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,997,929 | $2,033,190 | $1,964,739 | $25,728,244 | $7,622,380 | $18,105,864 |
| September 30, 2024 | 990 | $4,455,146 | $2,121,099 | $2,334,047 | $23,070,507 | $6,929,382 | $16,141,125 |
| September 30, 2023 | 990 | $3,099,812 | $1,878,882 | $1,220,930 | $23,316,730 | $9,468,417 | $13,848,313 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,860,332
- of which government grants
- $2,772,582
- Program service revenue
- $938,384
- Investment income
- $169,736
- Net rental income
- $28,350
- Other revenue
- $29,477
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,582
- Other salaries and wages
- $817,735
- Salaries, compensation and benefits (total)
- $1,211,881
- Professional fundraising fees
- $0
- Occupancy
- $61,236
- Travel
- $2,126
- Depreciation
- $21,953
- Program services (functional)
- $1,632,549
- Management and general (functional)
- $400,641
Balance sheet and other
- Total assets, start of year
- $23,070,507
- Total assets, end of year
- $25,728,244
- Total liabilities, end of year
- $7,622,380
- Net assets, end of year
- $18,105,864
- Land, buildings and equipment
- $937,113
- Net assets without donor restrictions
- $18,105,864
- Gross receipts
- $3,997,929
- Employees
- 11
- Year formed
- 1998
- State of legal domicile
- VA
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TSEHAYE TEFERRA | PRESIDENT Trustee or director, Officer | 24 | $75,582 | $234,592 | $70,178 |
| ALLENE F WRIGHT | VICE PRESIDENT Officer | 4 | $0 | $200,607 | $90,400 |
| JOHN E AGWAZ | DIRECTORTRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| FREDERICK SCHULTZ Jr | DIRECTORTRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HAGOS SEYOUM | DIRECTORTRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Tsehaye Teferra PhD | President Trustee or director, Institutional trustee, Officer, Key employee, Highest-paid employee | 24 | $75,582 | $205,085 | $57,500 |
| Allene F Wright | Vice President Officer | 4 | $0 | $234,192 | $84,900 |
| John Agwaz | Director Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Hagos Seyoum | Director Trustee Trustee or director | 0 | $0 | $0 | $0 |
| Zed Wendimu | Director Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Frederick Schultz Jr | Director Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Tsehaye Teferra PhD | President Trustee or director, Institutional trustee, Officer, Key employee, Highest-paid employee | 24 | $75,583 | $222,289 |
| Allene F Wright | Vice President Officer | 4 | $0 | $239,533 |
| Frederick Schultz Jr | Director Trustee Trustee or director | 1 | $0 | $0 |
| Zed Wendimu | Director Trustee Trustee or director | 1 | $0 | $0 |
| Gebreselassie Gebremariam | Director Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 901 S HIGHLAND STREET, ARLINGTON, VA 22204-2400
- In care of
- % TSEHAYE TEFERRA
- Signed the 990
- TSEHAYE TEFERRA, President
- Phone
- (703) 685-0510
- Website
- WWW.ENTDEVGROUP.ORG
- Return prepared by
- CC Professional Tax Services
Mission
TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT BY SERVING AS MICROLOAN INTERMEDIARY, PROVIDING TECHNICAL ASSISTANCE, AND MICRO FINANCING TO SMALL BUSINESSES OPERATED BY LOW TO MODERATE INCOME ENTERPENEURS
Program accomplishments
- Program costs are incurred in the processing of micro loans to borrowers. Revenue represents interest earnings on micro loans and service feesExpenses $1,632,549 · revenue $938,384
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 54-1993252
- 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
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $25,728,244
- Income (IRS master file)
- $3,997,929
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $3,997,929 | $2,033,190 | $25,728,244 | IRS |
| 990 | September 2024 | $4,455,146 | $2,121,099 | $23,070,507 | XML |
| 990 | September 2023 | $3,099,812 | $1,878,882 | $23,316,730 | XML |
| 990 | September 2022 | $5,175,747 | $1,909,201 | $19,227,523 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | 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 54-1993252).
Questions about ECDC ENTERPRISE DEVELOPMENT GROUP
- What is the EIN of ECDC ENTERPRISE DEVELOPMENT GROUP?
- The employer identification number (EIN) of ECDC ENTERPRISE DEVELOPMENT GROUP is 54-1993252.
- Is ECDC ENTERPRISE DEVELOPMENT GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to ECDC ENTERPRISE DEVELOPMENT GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECDC ENTERPRISE DEVELOPMENT GROUP 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 ECDC ENTERPRISE DEVELOPMENT GROUP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECDC ENTERPRISE DEVELOPMENT GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of ECDC ENTERPRISE DEVELOPMENT GROUP?
- The 990 for the year ended September 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $75,582 (TSEHAYE TEFERRA, PRESIDENT).
- How much revenue does ECDC ENTERPRISE DEVELOPMENT GROUP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,997,929, expenses of $2,033,190 and total assets of $25,728,244 at year end.
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