Charity
SPIRIT OF ENTERPRISE
About
What does SPIRIT OF ENTERPRISE do?
Discover how Spirit of Enterprise promotes entrepreneurial spirit in Singapore by recognizing local self-reliant businesses, inspiring young individuals to become entrepreneurs through knowledge sharing and interaction with students and the public
Founded
2003
People
rachel wong mai kim, sa'at bin ismail, mohamed ismail s/o abdul gafoore
Causes
No PovertyEducationChildrenHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2003
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Encourages entrepreneurship: By honoring local self-reliant entrepreneurs and facilitating interaction between them, students, and the general public, the charity promotes a culture that values innovation and risk-taking in business.
- Fosters economic growth: The promotion of entrepreneurial spirit can lead to increased job creation, competitiveness, and overall economic development in Singapore.
- Inspires young people: By highlighting the success stories of local entrepreneurs, the charity may inspire more young individuals to pursue careers in business or start their own ventures, contributing to a diverse and vibrant economy.
- Builds community connections: The Spirit of Enterprise can help foster relationships between different sectors of society (e.g., students, entrepreneurs
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Encourages entrepreneurship: By honoring local self-reliant entrepreneurs and facilitating interaction between them, students, and the general public, the charity promotes a culture that values innovation and risk-taking in business.
- Fosters economic growth: The promotion of entrepreneurial spirit can lead to increased job creation, competitiveness, and overall economic development in Singapore.
- Inspires young people: By highlighting the success stories of local entrepreneurs, the charity may inspire more young individuals to pursue careers in business or start their own ventures, contributing to a diverse and vibrant economy.
- Builds community connections: The Spirit of Enterprise can help foster relationships between different sectors of society (e.g., students, entrepreneurs
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 314,064 | 32,000 | 115,000 |
| Non Tax-Deductible | 36,098 | 0 | 0 |
| Total Donations in Cash | 350,162 | 32,000 | 115,000 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 1,748 | 349,557 | 14,950 |
| Investment Income | 0 | 0 | 0 |
| Programme Fees | 265,419 | 0 | 0 |
| Others Income | 7,317 | 6,194 | 7,729 |
| Total Receipts | 624,646 | 387,751 | 137,679 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 101,130 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 367,421 | 0 | 0 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 367,421 | NaN | 0 |
| Expenses | |||
| Other Expenses | 107,545 | 117,017 | 135,152 |
| Total Expenditure | 576,096 | 117,017 | 135,152 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 1,069 | 2,236 | 3,735 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 4,928 | 1,960 | 3,667 |
| Cash & Deposits | 732,713 | 681,621 | 413,374 |
| Other Assets | 0 | 0 | 0 |
| Total Assets | 738,710 | 685,817 | 420,776 |
| Funds | |||
| Total Unrestricted Funds | 724,710 | 676,160 | 405,426 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 724,710 | 676,160 | 405,426 |
| Liabilities | |||
| Total Current Liabilities | 14,000 | 9,657 | 15,350 |
| Total Non-Current Liabilities | 0 | 0 | 0 |
| Total Liabilities | 14,000 | 9,657 | 15,350 |
| Total Funds and Liabilities | 738,710 | 685,817 | 420,776 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 1 | 1 | 1 |
| Total Employee Cost | 84,922 | 77,220 | 77,220 |
| Fudnraisig Efficiency Ratio | 28 | 0 | 0 |
| Total Related Party Transactions | 0 | 0 | 0 |
People
At Spirit of Enterprise, people work towards promoting an entrepreneurial spirit in Singapore by recognizing local self-reliant businesses, inspiring young individuals to become entrepreneurs through knowledge sharing and interaction with students and the public.
rachel wong mai kim
sa'at bin ismail
mohamed ismail s/o abdul gafoore
News
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