Nonprofit · EIN 87-3827062
ANACOSTIA ENTREPRENEURSHIP CENTER INC
Tax-exempt · WASHINGTON, DC 20018
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,000,182 | $930,214 | $69,968 | $174,220 | -$11,653 | $185,873 |
| December 31, 2024 | 990 | $992,244 | $891,755 | $100,489 | $174,397 | $58,492 | $115,905 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $727,885
- of which government grants
- $323,003
- Program service revenue
- $272,297
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $363,224
- Salaries, compensation and benefits (total)
- $403,040
- Professional fundraising fees
- $0
- Legal fees
- $125
- Occupancy
- $124,946
- Travel
- $6,989
- Depreciation
- $10,000
- Program services (functional)
- $930,214
Balance sheet and other
- Total assets, start of year
- $174,397
- Total assets, end of year
- $174,220
- Total liabilities, end of year
- -$11,653
- Net assets, end of year
- $185,873
- Land, buildings and equipment
- $3,117
- Net assets without donor restrictions
- $185,873
- Gross receipts
- $1,000,182
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNAN HERBERT | BOARD CHAIR AND CEO Trustee or director, Officer | 2 | $0 | $251,622 | $37,587 |
| MEGAN CARRAS | CHIEF DEVELOPMENT OFFICER Officer | 2 | $0 | $159,260 | $9,823 |
| MESSAY DEREBE | DIR., GENERAL ANACOSTIA ARTS CENTER Highest-paid employee | 12 | $0 | $151,382 | $16,282 |
| JOHN MCLEAN | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 2 | $0 | $126,440 | $13,541 |
| DAVID MALEY | INTERIM CFO UNTIL MARCH 2025 Trustee or director, Officer | 2 | $0 | $100,594 | $9,550 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHANNAN HERBERT | BOARD CHAIR AND CEO Trustee or director, Officer | 2 | $0 | $209,947 | $23,544 |
| MESSAY DEREBE | DIR., GENERAL ANACOSTIA ARTS CENTER Highest-paid employee | 12 | $0 | $146,736 | $14,950 |
| DAVID MALEY | VICE CHAIR AND TREASURER Trustee or director | 2 | $0 | $139,109 | $12,460 |
| KEVIN FRYATT | CFOO & COO-INTERIM CEO UNTIL 5/3/24 Trustee or director, Officer | 2 | $0 | $82,837 | $11,988 |
| MICHAEL JOHNS | SECRETARY Trustee or director | 2 | $0 | $88,535 | $482 |
Address and contacts
- Address (IRS master file)
- 2012 RHODE ISLAND AVE NE, WASHINGTON, DC 20018-2835
- In care of
- % CARE OF KEVIN FRYATT
- Principal officer (990 for 2025)
- SHANNAN HERBERT, 2012 RHODE ISLAND AVENUE NE, WASHINGTON, DC 20018
- Signed the 990
- SHANNAN HERBERT, BOARD CHAIR AND CEO
- Phone
- (202) 529-5505
- Return prepared by
- MITCHELL & TITUS LLP
Mission
TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF).
Program accomplishments
- 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.Expenses $930,214 · revenue $272,297
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 87-3827062
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $174,220
- Income (IRS master file)
- $1,000,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,000,182 | $930,214 | $174,220 | XML |
| 990 | December 2024 | $992,244 | $891,755 | $174,397 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 87-3827062).
Questions about ANACOSTIA ENTREPRENEURSHIP CENTER INC
- What is the EIN of ANACOSTIA ENTREPRENEURSHIP CENTER INC?
- The employer identification number (EIN) of ANACOSTIA ENTREPRENEURSHIP CENTER INC is 87-3827062.
- Is ANACOSTIA ENTREPRENEURSHIP CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to ANACOSTIA ENTREPRENEURSHIP CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ANACOSTIA ENTREPRENEURSHIP CENTER INC 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 ANACOSTIA ENTREPRENEURSHIP CENTER INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ANACOSTIA ENTREPRENEURSHIP CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ANACOSTIA ENTREPRENEURSHIP CENTER INC?
- The 990 for the year ended December 31, 2025 names SHANNAN HERBERT.
- Who are the officers and directors of ANACOSTIA ENTREPRENEURSHIP CENTER INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ANACOSTIA ENTREPRENEURSHIP CENTER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,000,182, expenses of $930,214 and total assets of $174,220 at year end.
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