www.erlfoundation.org
Paving the Path to Possibility
www.erlfoundation.org
EIN: 25-1880191
as of September 2023
as of September 18, 2023
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
The Beehive
Slide 1 of 5.
Since its inception in 2014, the Northwest Pennsylvania Innovation Beehive Network has worked to enhance business expansion and development in the Erie Area and beyond. The Beehive is made up of 6 grant- and donation-funded centers that collaborate to encourage business growth. The centers work together to form the Beehive Network, while each location operates in its own specialized area of expertise.
Erie County Public Library, Penn State Behrend, PennWest Edinboro, Gannon University, Mercyhurst University, and Allegheny College are each responsible for a specific service. By exercising the individual talents of 6 local institutions, the Innovation Beehive can offer assistance in all areas of business development. Originally launched by the Ignite Erie Grant at Penn State Behrend, the NWPA Innovation Beehive has expanded to other regional universities. Each center now includes a fully operational location and employs a mix of students, faculty and staff.
Where we work
External reviews

Financials
Revenue vs. expenses: breakdown
Liquidity in 2022 info
Months of cash in 2022 info
Fringe rate in 2022 info
%
Funding sources info
Assets & liabilities info
Financial data
www.erlfoundation.org
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of www.erlfoundation.org’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2009 * |
---|---|
Unrestricted surplus (deficit) before depreciation | $1,591,020 |
As % of expenses | 135.9% |
Unrestricted surplus (deficit) after depreciation | $1,591,020 |
As % of expenses | 135.9% |
Revenue composition info | |
---|---|
Total revenue (unrestricted & restricted) | $2,761,428 |
Total revenue, % change over prior year | 0.0% |
Program services revenue | 0.0% |
Membership dues | 0.0% |
Investment income | 0.0% |
Government grants | 99.9% |
All other grants and contributions | 0.1% |
Other revenue | 0.0% |
Expense composition info | |
---|---|
Total expenses before depreciation | $1,170,408 |
Total expenses, % change over prior year | 0.0% |
Personnel | 0.0% |
Professional fees | 4.4% |
Occupancy | 0.1% |
Interest | 0.0% |
Pass-through | 0.0% |
All other expenses | 95.5% |
Full cost components (estimated) info | 2009 |
---|---|
Total expenses (after depreciation) | $1,170,408 |
One month of savings | $97,534 |
Debt principal payment | $0 |
Fixed asset additions | $0 |
Total full costs (estimated) | $1,267,942 |
Capital structure indicators
Liquidity info | 2009 |
---|---|
Months of cash | 1.5 |
Months of cash and investments | 1.5 |
Months of estimated liquid unrestricted net assets | 26.6 |
Balance sheet composition info | 2009 |
---|---|
Cash | $143,845 |
Investments | $0 |
Receivables | $0 |
Gross land, buildings, equipment (LBE) | $0 |
Accumulated depreciation (as a % of LBE) | 0.0% |
Liabilities (as a % of assets) | 5.9% |
Unrestricted net assets | $2,595,753 |
Temporarily restricted net assets | $0 |
Permanently restricted net assets | $0 |
Total restricted net assets | $0 |
Total net assets | $2,595,753 |
Key data checks
Key data checks info | 2009 |
---|---|
Material data errors | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Erica Shine
Number of employees
Source: IRS Form 990
www.erlfoundation.org
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
www.erlfoundation.org
Board of directorsas of 05/29/2023
Board of directors data
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No