Overview
What is Flagship Enterprise Center?
The Flagship Enterprise Center, located in Anderson, Indiana, is a nonprofit organization dedicated to supporting the economic growth of its community. Its mission involves fostering entrepreneurship by offering mentorship, networking opportunities, business services, educational resources, and access to capital. During the fiscal year ending May 31, 2022, they leased 162,000 square feet of office, lab, and industrial space to various companies, primarily those involved in research, development, manufacturing, and engineering. The Center also provided 102 small business loans, with a significant portion going to minority-owned, women-owned, veteran-owned, start-up, and low-income businesses. Additionally, they offered technical assistance to their clients, totaling 22,044 hours. During the same period, Flagship Enterprise Center also facilitated 34 PPP loans, with a focus on supporting black-owned and women-owned businesses. Their activities contribute to the long-term economic development of Anderson, Madison County, and the state of Indiana, by nurturing and encouraging entrepreneurship.
Official website here: www.flagshipenterprise.org
What do the Facebook reviews say about Flagship Enterprise Center?
90% of the 9 reviewers on Facebook recommend the Flagship Enterprise Center. Here is a summary of their reviews:
Many users appreciate the facilities, noting the buildings as very nice and well-maintained. The positive comments also highlight the staff as a significant asset, with praise for their helpfulness and professionalism. The location is another strong point, contributing to a favorable impression of the center.
Overall, there is a strong sentiment of satisfaction towards the services provided by Flagship Enterprise Center, which seems to meet the needs of its community effectively. Users feel reassured by the positive environment and the commitment of the staff to support them.
This AI summary has been generated from reviews found on Facebook.
Is Flagship Enterprise Center legitimate?
Flagship Enterprise Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flagship Enterprise Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $1,082,027
For more financial information, click here
Official website here: www.flagshipenterprise.org
What is the mission statement of Flagship Enterprise Center?
The Flagship Enterprise Center's mission is geared towards fostering the long-term economic growth of various communities. It achieves this by encouraging and nurturing entrepreneurial spirit. The center accomplishes this by offering mentoring, networking opportunities, business services, educational resources, and facilitating access to capital. The aim is to contribute to the economic development of these communities, specifically in research and development, manufacturing, and engineering sectors. In the fiscal year ending May 31, 2022, the center leased office, lab, and industrial space to numerous growing companies and closed several small business loans, offering support to minorities, women, veterans, start-ups, and low-income businesses. The center also provided technical assistance to its clients.
Official website here: www.flagshipenterprise.org
Who is the CEO of Flagship Enterprise Center?
Terry Truitt is the Chair of Flagship Enterprise Center.
Official website here: www.flagshipenterprise.org
What is the revenue of Flagship Enterprise Center?
Flagship Enterprise Center's revenue in 2022 was $8,589,036.
Official website here: www.flagshipenterprise.org
Who are the executives of Flagship Enterprise Center and what are their salaries?
Here are 13 key members and their salaries:
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- Compensation: $164,465
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Official website here: www.flagshipenterprise.org
Where can I find the form 990 for Flagship Enterprise Center?
Flagship Enterprise Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flagshipenterprise.org
Learn more at the official website: www.flagshipenterprise.org
Mission Statement of Flagship Enterprise Center
The Flagship Enterprise Center, with a mission that extends beyond the mere numerical figures, contributes to the long-term economic development of communities in Indiana. It achieves this by fostering and nurturing the entrepreneurial spirit. The center accomplishes this by providing essential resources such as mentoring, networking, business services, educational opportunities, and access to capital. By doing so, it encourages and supports the growth of businesses involved in research and development, manufacturing, and engineering. In the fiscal year ending May 31, 2022, the Flagship Enterprise Center leased 162,000 square feet of space to these businesses, closed a significant number of loans, and offered over 22,000 hours of technical assistance to its clients.
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Impact
October, 2024
Flagship Enterprise Center significantly contributes to the economic development of Anderson, Madison County, and the state of Indiana by fostering entrepreneurship and supporting local businesses. By leasing 162,000 square feet of office, lab, and industrial space, it facilitates a conducive environment for companies involved in research and development, manufacturing, and engineering.
In the fiscal year ending May 31, 2022, the Center actively supported small businesses by closing 102 small business loans, with an emphasis on inclusivity—48 loans to minority entrepreneurs, 48 to women, 9 to veterans, 61 to start-ups, and 34 to low-income businesses. It also played a crucial role during the pandemic by distributing 34 Paycheck Protection Program (PPP) loans, including support to Black-owned and women-owned businesses.
Additionally, Flagship Enterprise Center provided 22,044 hours of technical assistance, offering invaluable resources that help businesses navigate challenges and seize opportunities. Through mentoring, networking, and access to capital, the Center nurtures the entrepreneurial spirit and drives sustainable growth in the community, making a lasting impact on the local economy.
This information is meant to be a general summary of Flagship Enterprise Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $336,858
- Program Service Revenue: $1,439,054
- Gross Receipts: $8,599,205
Assets and Liabilities:
- Total Assets: $36,311,474
- Total Liabilities: $5,224,165
- Net Assets: $31,087,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT RENTAL INCOME
Revenue
$931,858
LOAN PROGRAM INCOME
Revenue
$507,196
Organization Details
Founding Year
2005
Phone
(765) 622-0400Principal Officer
Terry Truitt
Main Address
2705 ENTERPRISE DRIVE, ANDERSON, IN, 46013
Website
www.flagshipenterprise.orgNTEE Category
Code: S30 - Community improvement
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