Overview
What is Decatur-Morgan County Entrepreneurial Center Inc?
Decatur-Morgan County Entrepreneurial Center Inc, commonly known as the E-Center, is a nonprofit organization situated at 1629 FOURTH AVENUE SE, DECATUR, AL 35601. The E-Center's primary mission is to inspire, energize, and empower new and small businesses, both as tenants and non-tenants, within its facility. By doing so, the organization aims to facilitate successful start-ups and continued growth for these businesses. With a team of four dedicated individuals, the E-Center serves as a supportive hub for entrepreneurs in the Decatur-Morgan County area.
Official website here: www.alabamaincubator.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Decatur-Morgan County Entrepreneurial Center Inc has received an 81% rating from Charity Navigator, which reflects its strong performance primarily in Accountability & Finance. This score indicates a solid level of transparency and responsible financial management within the organization, essential for fostering trust among donors and stakeholders.
The nonprofit demonstrates commendable governance practices, with a fully independent board comprising 20 members, and no reported material diversion of assets. Their fiscal responsibility is notable, evidenced by a program expense ratio of 78.38%, indicating that a significant portion of their budget is directed towards their programs rather than administrative costs.
While the organization has established strong policies regarding conflict of interest, whistleblower protections, and document retention, the overall score is derived solely from its financial performance metrics. This focus on finance may suggest areas to enhance in other aspects like program outcomes or community impact, which are not detailed in the current evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Decatur-Morgan County Entrepreneurial Center Inc legitimate?
Decatur-Morgan County Entrepreneurial Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decatur-Morgan County Entrepreneurial Center Inc 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: $222,624
For more financial information, click here
Official website here: www.alabamaincubator.com
What is the mission statement of Decatur-Morgan County Entrepreneurial Center Inc?
The Decatur-Morgan County Entrepreneurial Center Inc's mission is centered around encouraging, inspiring, and empowering new and small businesses, both as tenants and non-tenants of their facility. The primary objective is to facilitate a successful start-up and sustained growth for these businesses. The center provides an environment that encourages entrepreneurial spirit and offers resources to help businesses thrive. By offering support and guidance, the Entrepreneurial Center aims to contribute to the success of these businesses, fostering a vibrant and thriving business community.
Official website here: www.alabamaincubator.com
Who is the CEO of Decatur-Morgan County Entrepreneurial Center Inc?
Karockas Watkins is the President of Decatur-Morgan County Entrepreneurial Center Inc.
Official website here: www.alabamaincubator.com
What is the revenue of Decatur-Morgan County Entrepreneurial Center Inc?
Decatur-Morgan County Entrepreneurial Center Inc's revenue in 2022 was $1,014,855.
Official website here: www.alabamaincubator.com
Who are the executives of Decatur-Morgan County Entrepreneurial Center Inc and what are their salaries?
The average compensation at Decatur-Morgan County Entrepreneurial Center Inc during 2022 was $55,656. There are 4 employees and 12 volunteers at Decatur-Morgan County Entrepreneurial Center Inc.
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Official website here: www.alabamaincubator.com
Where can I find the form 990 for Decatur-Morgan County Entrepreneurial Center Inc?
Decatur-Morgan County Entrepreneurial Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alabamaincubator.com
Learn more at the official website: www.alabamaincubator.com
Mission Statement of Decatur-Morgan County Entrepreneurial Center Inc
Decatur-Morgan County Entrepreneurial Center Inc is dedicated to inspiring, motivating, and empowering new and small businesses, both as tenants and non-tenants, within their facility. The primary objective of this organization is to ensure the successful launch and sustained growth of these businesses. By providing the necessary encouragement and enthusiasm, the Entrepreneurial Center aims to foster an environment conducive to business success.
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Impact
October, 2024
Decatur-Morgan County Entrepreneurial Center Inc plays a vital role in fostering the growth and success of new and small businesses in the region. By providing essential resources, guidance, and support, the E-Center empowers entrepreneurs, helping them to navigate the challenges of starting and developing their ventures.
Through its encouragement and enthusiasm, the E-Center creates an environment conducive to innovation and collaboration, which not only benefits individual businesses but also contributes to overall community improvement. For both tenants and non-tenants of the facility, the E-Center ensures that the entrepreneurs have access to the necessary tools, mentorship, and networking opportunities that are crucial for sustainable business growth.
As a result, the E-Center not only impacts the local economy by fostering job creation and economic diversity but also enhances the entrepreneurial spirit within Decatur and Morgan County, positioning the area as a hub for new ideas and business opportunities.
This information is meant to be a general summary of Decatur-Morgan County Entrepreneurial Center Inc. 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.
- Program Service Revenue: $164,200
- Gross Receipts: $1,014,855
Assets and Liabilities:
- Total Assets: $1,057,395
- Total Liabilities: $5,913
- Net Assets: $1,051,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$164,200
Organization Details
Founding Year
2010
Phone
(256) 686-2999Principal Officer
Karockas Watkins
Main Address
1629 FOURTH AVENUE SE, DECATUR, AL, 35601
Website
www.alabamaincubator.comNTEE Category
Code: S30 - Community improvement
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