Entrenuity Annual Report 2016

Donate to ENTRENUITY 2016 Annual Report Text 1.312.380.6662 1. Open your messaging app 2. Type the number: 1.312.380.6662 3. Enter the amount to give: 100 4. Press Send. When you receive a text back, click the AtPay Link 5. Enter your credit card information 6. Receive a confirmation text & email confirming your donation 1550 S. State Street | Chicago, IL 60605 PH: 312-842-3800 | FAX: 312-842-3830 www.entrenuity.com

L. Brian Jenkins, the Founder and President of Entrenuity, NFP, and StartingUp Business Solutions, Inc., has successfully provided entrepreneurship education training and small business development for over 20 years in Chicago, nationally, and abroad. Under Brian’s leadership, both organizations have successfully launched businesses with a combined gross revenue of over $3 million, and helped countless entrepreneurs with their business plan development. Brian has led entrepreneurship training workshops for teachers and youth workers and is directly responsible for training thousands of urban young people in the fundamentals of entrepreneurship and financial literacy, in addition to teaching character/integrity based business operations. In 2016, Brian launched mox.E, a co-work space and business incubator dedicated to coaching, connecting and capitalizing, particularly minority entrepreneurs. mox.E’s mission is to build a strong business-focused community that supports ethnic diversity and fosters the spirit of entrepreneurial collaboration for success. Brian has served as adjunct faculty at Moody Bible Institute, Illinois State University’s College of Business, The Urban Ministry Institute in Wichita, KS and currently at North Park University’s School of Adult Learning, focusing on entrepreneurship education. He is a graduate of the University of Iowa with dual Bachelor of Arts degrees in English and Religion; additionally, he earned his Masters of Arts in Theology from Wheaton College Graduate School and is the author of StartingUp Now: 24 Steps to Launch Your Own Business. Brian has been married for 22 years to Dr. Jenai Jenkins and they’ve been blessed with 3 children Bria (20), Braxton (17), and Brooke (9). Brian and his family live in the Austin Community on Chicago’s West Side. L. Brian Jenkins E N T R E N U I T Y™ startingupnow.com entrenuity.com/moxe Founder and President of Entrenuity, NFP entrenuity.com and StartingUp Business Solutions, Inc.

OVERVIEW • Launched Skillcenter 2.0 on Box.com platform with Business Plan Template and Financial Tools Last year Entrenuity made the leap in expanding it’s initial youth-based entrepreneurship focus to a broader, adult-based • Launched mox.E, Entrenuity's new co-sharing work space, offering entrepreneurial construct. The core thrust remains to teach coaching connecting and capitalizing for minority entrepreneurs entrepreneurship to future business owners using StartingUp Now (SUN), a curriculum designed to teach business plan development • Trained 10 new facilitators to teach entrepreneurship in and business ownership fundamentals to future entrepreneurs. It’s communities, churches, and prison outreach through also used to train individuals to teach the Lead to Change Facilitator Training art of entrepreneurship through youth business camps and adult courses. By “training the trainer” Entrenuity extends • Launched new Entrenuity website it’s reach, increasing entrepreneurial participation and success while • Launched Duncan Legacy Fund to capitalize positively impacting communities, schools, churches and prisons. African-American and Hispanic businesses • Filmed new series of SUN Talks videos In 2016, Entrenuity launched mox.E, the first co-work sharing space • Hosted pitch event for The Gathering in Chicago’s South Loop and The Duncan Legacy Fund, • Hosted Financial Investments class with Tom Sosnoff of tastytrade a capital investment arm to help launch or grow existing businesses. • Hosted Plan to Launch class in partnership with North Park The aim, to provide professional development for African-American and Latino entrepreneurial business owners. mox.E is the next step University and StartingUp Now past Starting Up Now, providing access to top business owners to • Welcomed Goodcity as mox.E Member coach entrepreneurs through business challenges while connecting • Hosted mox.E Launch Party and Business Plan Competition entrepreneurs to share experiences and successes. As a result, • Filmed and released new mox.E Overview video Entrenuity has: • Launched mox.E Speaker Series • Welcomed Black Tech Mecca as mox.E Member

• June 2004 Brian • Entrenuity Summer ENTRENUITY HISTORY leaves IIEE to focus Business Camp solely on Entrenuity featured on PBS • The business plan CREATE OPPORTUNITIES TO ATTENTION special, “These Kids development platform, CHURCH & • Brian works Mean Business” Skillcenter launches. MINISTRY bi-vocationally for LEADERS!* Illinois Institute for • 29-youth owned TRANSFORM THE COMMUNITY Entrepreneurship businesses generated Education (IIEE) and over $550,000 in STARTINGUP NOW • Over 5,000 SUN books sold Entrenuity. Funds gross revenue LEAD TO CHANGE: • Brian receives Social from IIEE help FACILITATOR TRAINING undergird Entrenuity’s • Established over 1,100 Enterprise Alliance operational revenue. youth savings • StartingUp Now Educator Award accounts with local launches Lead To • mox.E welcomes Black banking/financial Change facilitator Tech Mecca institutions training for ministers, churches and community • Increased youth leaders. entrepreneurial test scores by 63% • StartingUp Now Launches SUN Talks • 2001-2012: 4,500+ youth participate in Entrenuity programming PRESENTS 1999 2004 2005 2007 2012 2013 SUNTALKS 2016 2020 VIDEO SERIES Access key business advice with your ProMembership • 2001-2016: Trained over 800 educators in experiential entrepreneurship instruction. • Westlawn Youth Net • First funds for Entrenuity • Increased financial • Brian writes StartingUp • Entrenuity gets a new writes the first check Youth Business Camps literacy test scores by Now curriculum website ever to Entrenuity received from Soderquist 39% and hosts first Foundation. • Brian starts StartingUp • Entrenuity launches mox.E Entrenuity Class • Added Skill Building Now as an “S Corp” to • Wheaton College hosts Entrepreneurship help fund Entrenuity • mox.E Speaker series E N T R E N U I T Y™ Entrenuity Youth Business Training for App launches Camps Development, • StartingUp Now receives Woodworking, it’s first funds from The • mox.E welcomes Goodcity • Soderquist foundation Videography, Mosaics, Soderquist Foundation • Entrenuity offers provides the first Jewelry, School Major Gift to Stores, Vending, Etc. • Entrenuity hosts first investment class with Entrenuity class for adult tastytrade • Connected youth with entrepreneurs • Duncan Legacy Fund • Met Bill Pollard, Mentors & Business is born Stephen Fraser, Don Coaches in their & JoAnne Soderquist industry

Entrenuity Spotlight DreamENTREPRENEURS “Everyone has a dream. Everyone has ideas.” —Brian Jenkins, founder and president of Entrenuity 2016 “Follow through...Be flexible“ Through hard work, determination, follow-through and Recipient flexibility, Angelique is seeing her dreams for Nurse ‘N Go become reality. To learn more about Angelique and Angelique Warner: Nurse ‘N Go her journey visit www.entrenuity.com/news. Entrepreneurs who want to grow their business need to stay on top of their game and pay close attention to the opportunities around them. Angelique Warner, inventor of the Nurse ‘N Go, hands-free breastfeeding solution, has learned to do just that with some great results. Angelique offers the following tips to other entrepreneurs from her experience:

WHAT WE DO Tom Sosnoff of tasytrade leads a 4-week course designed to make finance relevant to things outside of classic investments. Entrenuity is privileged to collaborate with other successful organizations in offering education and resources to entrepreneurs. HOW WE DO IT Goodcity is committed to identifying, starting and growing social entrepreneurs who are making a difference in under-resourced Not only do we rely on a network of highly skilled professionals communities in the Chicago area. to provide workshops and coaching for our entrepreneurs, but the mox.E co-work experience itself can be a powerful tool towards Black Tech Mecca seeks to build a thriving tech ecosystem that higher achievement and increased productivity. The opportunity unites and empowers the Black tech community and improve the to collaborate, commiserate and celebrate with other entrepreneurs Black tech ecosystem. through the growing pains of launching a business can significantly boost groups’ aspirations, motivational investment, morale, and Donate to ENTRENUITY. Text 1.312.380.6662 resilience to challenges.

WHAT WE DO mox.E, Entrenuity’s co-work sharing space, provides extensive speaker series professional development for entrepreneurial business owners. The mission is to build a strong business-focused community that supports ethnic diversity and fosters the spirit of entrepreneurial collaboration for success. HOW WE DO IT Stephen H. Fraser, Founder and Managing mox.E operates using three tenants, Coaching, Connecting and Partner Barrington Capital Partners, LLC Capitalizing. Coaching allows entrepreneurs access to top business speaks on his lessons from failures and owners to guide them through the more challenging aspects of owning a experience. business. Connecting brings entrepreneurs together through networking events and seminars to share experiences and gain new perspectives. Donate to ENTRENUITY. Text 1.312.380.6662 Capitalizing provides seed money to help launch or grow businesses, specifically aimed at African-American and Latino entrepreneurs.

WHAT WE DO 2016 Recipients ® The Duncan Legacy Fund (DLF) is a privately funded loan fund intentionally designed to provide access to capital, products, and services for qualified African-American and Hispanic small business activity. HOW WE DO IT Donate to ENTRENUITY. Text 1.312.380.6662 In 2016, DFL awarded the first recipients with capital to help expand their business through Business Plan Evaluations. It’s our way to determine strong entrepreneurial candidates poised to take their business to the next level.

Entrenuity Spotlight InspireENTREPRENEURS “Anyone can be an entrepreneur.” —Brian Jenkins, Founder and President, Entrenuity 2016 Recipient Myron Davis: One Last Prayer Davis and his team, Cinematographer, Jim Zunt, and Producer, Shay Hawkins, received Seed Capital from the Written and directed by Myron Davis, One Last Prayer Duncan Legacy Fund to help with post-production costs is a 90-minute feature film starring Broadway actor and and to begin marketing to film festivals and distributors musician Niles Rivers, about a hot-tempered father with nationwide. To learn more about Myron and his journey a sordid past who learns that his daughter has a rare visit www.entrenuity.com/news. illness. Davis’ vision is to “use the arts as a vehicle to reach the hopeless and give them Hope.”

THE mox.E LAUNCH Lyman Howell introduces the finalists of the Business Plan Competition held in September, 2016. In October 2016 Entrenuity launched Chicago south loop’s first co-work sharing space. We look forward to furthering the Mark Soderquist entrepreneurial dreams of many more minority business owners who normally would not have access to opportunities. the first During the celebration, one of Entrenuity’s long-standing supporters, Mark Soderquist, was honored for being the first person to believe in the concept behind not only Entrenuity, but in what Entrenuity would evolve into being. picture from party picture from party Donate to ENTRENUITY. Text 1.312.380.6662

EVENTS Entrenuity hosts numerous online and speaker events throughout the year, focusing on entrepreneurial advancement, business plan development and facilitator training. speaker series PRESENTS BUILDING SKILL SETS WITH ADVANCED PLANtoLAUNCH STRATEGIC BUSINESS PLAN DEVELOPMENT PRESENTS FTARCAILINITAINTOGR! SUNTALKS Learn. Lead. Launch. VIDEO SERIES REGISTER NOW Access key business advice Donate to ENTRENUITY. Text 1.312.380.6662 with your ProMembership

GIVING OPPORTUNITIES Facilitator Training Entrenuity’s past accomplishments and future opportunities are Train and resource 15 Facilitators to teach made possible through the financial support of investors like 10-12 week entrepreneurship classes using you. Your donation will enable Entrenuity to continue it’s mission SUN Curriculum, with the goal of impacting to supply both youth and adults with valuable entrepreneurship 300+ students in 30 different communities training and resources. Please consider investing in one or more with entrepreneurship fundamentals. of the following opportunities: –$30,000 ($2,000 pr. Facilitator) 1-Day Exposures mox.E Train up to 30 youth/adults per exposure to Shared professional space with access to move from the idea phase to launch in a 6-hour expert business leaders, classes, seminars workshop. Using SUN Curriculum and the SUN and launch events. Seeking to recruit, guide Business Simulation Game, participants will be and launch 5-6 Entrepreneurs annually. exposed to the basics of business operation –$25,000 pr. Entrepreneur and fundamentals in a very hands-on, experiential workshop. –$1,500 pr. Exposure Three Ways To Give Entrenuity STEM Summer TEXT WEB MAIL Business Camp 1.312.380.6662 entrenuity.com 1550 S. State Street 1-week intensive boot camp for 50 African-American Chicago, IL 60605 and Latino youth, focused on entrepreneurial opportunities in the Drone industry. –$110,000 ($2,200 pr. Student) Duncan Legacy Fund Privately funded loan fund designed to provide access to capital, products, and services for qualified African-American and Hispanic small business activity. –goal $1,000,000 by 2020

Entrenuity Spotlight LeadENTREPRENEURS “...in many cases people spend too much energy complaining that the playing field is not completely level instead of spending that energy playing on the field and leveraging the opportunities.” —Dr. Paul Judge, Chief Research Officer, Barracuda Networks 2016 Angela is 2016’s first place winner of the much anticipated mox.E Business Plan Competition. She Recipient believes job seekers are not resumes, they are PEOPLE and Companies are not machines, they are CULTURES. Angela Jackson: Talent Flood Her business provides a central, instant marketplace for Business Plan Competition Winner employers and employees. Hard work pays off, and TalentFlood is here to make the right employee/employer match worth it. TalentFlood is a smart job-matching software that tests both the job seeker and the employer’s job description based on education, experience, skills and compatibility. It’s the eHarmony for jobs.

OUR SUPPORTERS Soderquist Family Foundation Lawrence and Madelyn Jenkins Entrenuity gratefully acknowledges the following individuals and organizations for their significant financial support and Walter and Darlene Hansen commitment to our mission and vision. Propecta John Fawcett – Accord Enterprises, Inc. Stephen Fraser – Barrington Capital LLC Barney II Foundation Tom Sosnoff – tastytrade The Ozinga Foundation Code Family Foundation Anonymous Donors and Foundations Donate to ENTRENUITY. Text 1.312.380.6662

FINANCIALS January – December 2016* OVERVIEW INCOME BREAKDOWN Foundations Private Donors $200K 2016 19% General Operating Support $180K 17% Foundations $ 135,000 Private Donors $ 35,000 $160K 2016 mox.E $ 17,000 $140K SUN $ 23,000 64% TOTAL INCOME $ 210,000 $120K $100K 2015 EXPENSE BREAKDOWN $80K 2015 22% 25% $60K 2016 Salaries & Payroll Travel $40K Programs Professional Fees General Administrative Rent $20K 2015 Salaries & Payroll $ 39,100 $0 Travel $ 3,000 19% Programs $ 33,500 Income Expenses Net Income 10% Professional Fees $ 15,000 2% General Admin. $ 29,000 22% Rent $ 33,750 TOTAL EXPENSES $ 153,350 Income $ 210,000 Expense $ 153,310 Net Income $ 56,690 * Does not reflect December giving. Donate to ENTRENUITY. Text 1.312.380.6662

AWARDS Thank YouENTREPRENEURS SEA/Chicago is actively building the field of social enterprise through networking opportunities, educational forums, strategic partnerships, and impact legislation Each year, SEA/Chicago selects a recipient for the Social Enterprise Educator Award. The 2016 honor was awarded to Brian Jenkins for his care and diligence in teaching best practices to and being committed to social enterprises. Brian accepted his award at the SEA/ Chicago’s Fall event, showcasing the efforts of leaders in the Chicago social enterprise community—funders, doers and educators. Thank you for graciously supporting Entrenuity through your prayers and financial gifts. Entrenuity has been blessed with many opportunities and accomplishments in the past and the future looks bright with even more to come. Your ongoing prayers and financial support will make it possible for Entrenuity to coach, connect and capitalize on current and future entrepreneurs. Together, business leaders who impact communities with creativity and integrity will be created. For this, the Entrenuity staff is grateful.