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Social Enterprises Trust Inc

EIN 20-1452405 · Hartford, CT

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceFair55 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ADVANCE THE SOCIAL ENTERPRISE SECTOR.

Income
$884,807
Spending
$929,565
Spent on programs
87%
Reserves
3.5 months of spending
Largest source of income
government grants, 53%
Employees
7
Volunteers
40
Highest pay
$93,332, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 17% of charities in its peer group (human services, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.5 months of spending.

  • Debt

    10 of 20

    It owes 37% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    0 of 15

    Income fell 27% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 1 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 55 out of 100. Higher than 25% of charities in its peer group (human services, $250k to $1m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $260,181 spent. THE ORGANIZATION OFFERS PROGRAMS AND EVENTS FOR CULINARY ENTREPRENEURS, IN PARTNERSHIP WITH THE HARTFORD CULINARY COLLABORATIVE. COHORT PROGRAMS INCLUDE SEMINARS, PEER LEARNING, MENTORSHIP, GUEST SPEAKERS, PITCH OPPORTUNITIES, ACCESS TO COWORKING SPACE. IN 2024, RESET'S 12-WEEK FOOD INCUBATOR PROGRAM SUPPORTED 12 BUSINESSES. THE DIGITAL MARKETING MASTERMIND TARGETS ESTABLISHED ENTREPRENEURS, SUPPORTING 12 BUSINESSES IN 2024. HCC WRAPAROUND SUPPORT REACHED 345 ENTREPRENEURS IN 2024.
  2. $235,176 spent. THE ORGANIZATION'S RETAIL INCUBATOR IS A 12-WEEK PROGRAM DESIGNED FOR RETAIL ENTERPRENEURS PREPARED TO LAUNCH THEIR BUSINESS. THE COURSE INCLUDES WEEKLY SEMINARS, PEER LEARNING, MENTORSHIP AND GUEST SPEAKERS, AS WELL AS ACCESS TO COWORKING SPACE AND COACHING. THE 2024 RETAIL INCUBATOR SUPPORTED 10 BUSINESSES, AND CULMINATED IN A POPUP SALES EVENT IN HARTFORD. THE FLOOR-PLAN RETAIL ACTIVATION INITIATIVE IS A PARTNERSHIP WITH BREAKFAST LUNCH & DINNER REACHING OVER 300 BUSINESSES IN 2024.
  3. $98,790 spent. THE ORGANIZATION'S IMPACT ACCELERATOR OFFERS AN IN-DEPTH, MULTI-MONTH EXPERIENCE FOR ENTERPRENEURS GROWING THEIR BUSINESSES. THE COURSE INCLUDES INTENSIVE SEMINARS, MENTORSHIP, COWORKING SPACE AND COACHING, AND OPPORTUNITIES TO PITCH TO INVESTORS. THE 2024 IMPACT ACCELERATOR SUPPORTED 10 BUSINESSES, WITH 14 ENTREPRENEURS REPRESENTED IN THE COHORT. 27 VOLUNTEERS PROVIDED OVER 60 HOURS OF MENTORSHIP AND GUEST LECTURES AS PART OF THE PROGRAM.
  4. $209,979 spent. OTHER PROGRAMS

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.