Overview
What is The Nashville Entrepreneur Center?
The Nashville Entrepreneur Center serves as a vital resource hub for aspiring entrepreneurs in Nashville, Tennessee. Their mission is to connect these individuals with essential resources, facilitating the creation, launch, and growth of businesses. They achieve this by offering structured education and mentorship, fostering stakeholder connections, providing co-working spaces, organizing networking events, and offering immersive industry programs across various sectors, including music and healthcare. With a strong focus on Nashville, the Entrepreneur Center aims to establish the city as an ideal location to start a business in the United States. Their operations are supported by a team of 21 dedicated professionals.
Official website here: www.ec.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Nashville Entrepreneur Center has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 95%, the organization demonstrates a high level of transparency and effective financial management, which is crucial for donor trust and accountability. The evaluation is based solely on its accountability and finance metrics, underscoring a solid foundation in these areas.
The organization excels in various financial categories, such as having a high percentage of program expenses at 81.23% and a fundraising efficiency ratio of $0.14, indicating that it effectively utilizes funds for its mission rather than administrative costs. The Nashville Entrepreneur Center also boasts a fully independent board, strong conflict of interest policies, and a commitment to transparency by documenting board meeting minutes, which contributes to its high accountability score.
While the data does not indicate any significant limitations, it is worth noting that the rating is derived entirely from financial metrics. Potential donors may wish to explore additional aspects such as program impact and community feedback to gain a more holistic perspective of the organization’s effectiveness and reach within the entrepreneurial community.
This AI summary has been generated from information found on Charity Navigator.
Is The Nashville Entrepreneur Center legitimate?
The Nashville Entrepreneur Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nashville Entrepreneur 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:
Executive Compensation: $599,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $570,726
For more financial information, click here
Official website here: www.ec.co
What is the mission statement of The Nashville Entrepreneur Center?
The Nashville Entrepreneur Center's mission is to bridge entrepreneurs with essential resources, aiming to facilitate the creation, launch, and growth of businesses. The center is committed to making an environment conducive for startup ventures, striving to position it as the best place in America for business initiation.
As a guiding force for local entrepreneurs, the center connects them with necessary resources to support their business across various stages and industries. It offers direct assistance to founders through membership, an advisor program, and immersive experiences, catering to growth-oriented entrepreneurs.
The support provided by the Nashville Entrepreneur Center encompasses structured education and mentorship, potential customer, partner, and funder connections, co-working space, networking events, educational workshops, immersive industry programs, and industry-agnostic programs.
Official website here: www.ec.co
Who is the CEO of The Nashville Entrepreneur Center?
Janet Miller is the Chairman Emeritus of The Nashville Entrepreneur Center. The CEO's salary of The Nashville Entrepreneur Center is $180,939 and their total compensation is $180,939.
Official website here: www.ec.co
What is the revenue of The Nashville Entrepreneur Center?
The Nashville Entrepreneur Center's revenue in 2022 was $3,275,516.
Official website here: www.ec.co
Who are the executives of The Nashville Entrepreneur Center and what are their salaries?
The average compensation at The Nashville Entrepreneur Center during 2022 was $55,748. There are 21 employees and 170 volunteers at The Nashville Entrepreneur Center.
Here are 35 key members and their salaries (The Nashville Entrepreneur Center's CEO's salary is $180,939 and their total compensation is $180,939):
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Official website here: www.ec.co
Learn more at the official website: www.ec.co
Mission Statement of The Nashville Entrepreneur Center
The Nashville Entrepreneur Center, a vital resource for budding entrepreneurs, is committed to connecting them with the essential resources required to establish, launch, and expand their businesses. This organization is dedicated to making Nashville a premier destination for business startups in the United States.
In achieving its mission, The Nashville Entrepreneur Center serves as a guide for Nashville's entrepreneurs, linking them to the resources necessary to support their ventures across the entrepreneurial ecosystem. Beyond offering direct assistance to founders through membership, an advisor program, and immersive experiences, the center provides structured education and mentorship, stakeholder connections, co-working space, networking events, educational workshops, industry-specific programs, and industry-agnostic programs.
By providing a comprehensive suite of resources, The Nashville Entrepreneur Center aims to support growth-minded entrepreneurs at all stages of their business and in various industries. Through its efforts, the center works to create a thriving entrepreneurial community, ultimately contributing to Nashville's reputation as an excellent place to launch and grow a successful business.
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Impact
October, 2024
The Nashville Entrepreneur Center significantly impacts local entrepreneurship by serving as a centralized hub that connects entrepreneurs with essential resources for creating, launching, and scaling their businesses. Acting as the front door to Nashville’s entrepreneurial ecosystem, it provides a comprehensive suite of support for founders at all stages and across various industries.
Through structured education and mentorship programs, entrepreneurs gain access to vital knowledge and guidance. The center facilitates connections with key stakeholders, including potential customers, partners, and funders, enhancing business opportunities. It also offers co-working spaces, networking events, and educational workshops, which foster collaboration and innovation.
Additionally, the Nashville Entrepreneur Center curates immersive programs tailored to specific industries, such as music and healthcare, while maintaining industry-agnostic initiatives to support a diverse array of business ventures. By promoting a thriving entrepreneurial culture, the NEC is instrumental in making Nashville a premier destination for new business development, ultimately contributing to the city's economic growth and community improvement.
This information is meant to be a general summary of The Nashville Entrepreneur 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: $21,502
- Program Service Revenue: $297,390
- Gross Receipts: $3,275,516
Assets and Liabilities:
- Total Assets: $5,335,273
- Total Liabilities: $116,503
- Net Assets: $5,218,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION, TRAINING &
Revenue
$297,390
Organization Details
Founding Year
2009
Phone
(615) 873-1257Principal Officer
Janet Miller
Main Address
41 PEABODY STREET, NASHVILLE, TN, 37210
Website
www.ec.coNTEE Category
Code: S43 - Community improvement
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