Overview
What is Entrepreneur Development Center - Southwest Tennessee?
The Entrepreneur Development Center - Southwest Tennessee is a nonprofit organization situated in Jackson, Tennessee. Their primary mission is to support aspiring small business owners by offering educational resources, mentorship, training, and knowledge. They believe that entrepreneurship has the potential to not only create jobs but also address community challenges in innovative ways. The center connects entrepreneurs with essential resources such as experienced mentors, capital, training, knowledge, and a supportive community. Some of their related programs include a coding academy for high school students, funding for medical device research activities for local physicians, and a local lifestyle magazine focused on community opportunities and business.
Official website here: www.attheco.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
The Entrepreneur Development Center - Southwest Tennessee has received a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 69% reflects balanced strengths and weaknesses in the organization’s transparency and governance practices. While the majority of board members are independent, which is positive for accountability, the nonprofit's lack of essential policies and financial statements has significantly impacted its score.
On a positive note, the center demonstrates strong financial management with a program expense ratio of 94.32%, indicating that a large portion of its funds is directed toward its programs. Additionally, the organization has no material diversion of assets and maintains a healthy liabilities-to-assets ratio of 0.61%. These elements suggest that it is effectively utilizing its resources to fulfill its mission.
However, significant areas for improvement remain. The absence of crucial policies such as conflict of interest, whistleblower, and document retention policies raises concerns about governance practices. Moreover, the lack of posted financial statements on its website limits transparency and may impact stakeholder trust. Addressing these issues could enhance the organization's credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Entrepreneur Development Center - Southwest Tennessee legitimate?
Entrepreneur Development Center - Southwest Tennessee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Entrepreneur Development Center - Southwest Tennessee 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: $133,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,908
For more financial information, click here
Official website here: www.attheco.com
What is the mission statement of Entrepreneur Development Center - Southwest Tennessee?
The Entrepreneur Development Center aims to assist aspiring small business owners by providing education, mentoring, training, and knowledge to help them establish and grow their businesses. This center believes that entrepreneurship can go beyond creating jobs; it can also offer innovative solutions to community challenges. The mission is to connect entrepreneurs with essential resources such as experienced mentors, capital, training, knowledge, and a supportive community. Related programs include a coding academy for high school students, funding for medical device research, and a local lifestyle magazine focusing on community opportunities and businesses.
Official website here: www.attheco.com
Who is the CEO of Entrepreneur Development Center - Southwest Tennessee?
Lisa Garner is the Ceo of Entrepreneur Development Center - Southwest Tennessee. The CEO's salary of Entrepreneur Development Center - Southwest Tennessee is $95,000 and their total compensation is $95,000.
Official website here: www.attheco.com
What is the revenue of Entrepreneur Development Center - Southwest Tennessee?
Entrepreneur Development Center - Southwest Tennessee's revenue in 2023 was $640,119.
Official website here: www.attheco.com
Who are the executives of Entrepreneur Development Center - Southwest Tennessee and what are their salaries?
The average compensation at Entrepreneur Development Center - Southwest Tennessee during 2023 was $29,734. There are 10 employees and 35 volunteers at Entrepreneur Development Center - Southwest Tennessee.
Here are 11 key members and their salaries (Entrepreneur Development Center - Southwest Tennessee's CEO's salary is $95,000 and their total compensation is $95,000):
- Compensation: $95,000
- Related: $0
- Other: $0
- Compensation: $74,054
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.attheco.com
Where can I find the form 990 for Entrepreneur Development Center - Southwest Tennessee?
Entrepreneur Development Center - Southwest Tennessee's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.attheco.com
Learn more at the official website: www.attheco.com
Mission Statement of Entrepreneur Development Center - Southwest Tennessee
Entrepreneur Development Center, a nonprofit organization, is dedicated to aiding aspiring small business owners in their journey to becoming entrepreneurs. The center provides essential resources such as education, mentoring, training, and knowledge to help these individuals realize their entrepreneurial aspirations. The mission of Entrepreneur Development Center is multifaceted, aiming to connect entrepreneurs with the critical resources they need to establish, develop, and grow their businesses. These vital resources encompass experienced mentors, capital, training, knowledge, and a supportive community.
Beyond its core mission, Entrepreneur Development Center also offers various related programs. One such program is a coding academy for high school students, empowering young individuals with the skills necessary to thrive in the tech industry. Additionally, the center provides funding for medical device research activities for local physicians, fostering innovation and advancements in healthcare. Furthermore, Entrepreneur Development Center publishes a local lifestyle magazine focusing on community opportunities and businesses, promoting local growth and development.
In summary, Entrepreneur Development Center is a vital resource for aspiring entrepreneurs, offering education, mentoring, training, and knowledge to help them launch and grow their businesses. By providing access to experienced mentors, capital, and a supportive community, the center aims to create new ways to address challenges in the community and stimulate economic growth.
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Impact
July, 2024
The Entrepreneur Development Center - Southwest Tennessee has a significant impact on the community by assisting aspiring small business owners through education, mentoring, training, and knowledge. This support is crucial in helping individuals realize their dreams of becoming successful entrepreneurs. By providing access to experienced mentors, capital, training, and a supportive community, the center empowers entrepreneurs to create, build, and grow their businesses.
Moreover, the center's focus on entrepreneurship extends beyond job creation to addressing the challenges faced by the community. Through programs such as a coding academy for high school students, funding for medical device research activities for local physicians, and a lifestyle magazine highlighting community opportunities and businesses, the Entrepreneur Development Center is actively contributing to community improvement and economic growth.
This information is meant to be a general summary of Entrepreneur Development Center - Southwest Tennessee. 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 2023.
- Program Service Revenue: $153,531
- Gross Receipts: $640,119
Assets and Liabilities:
- Total Assets: $945,144
- Total Liabilities: $5,798
- Net Assets: $939,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$108,107
JDDC INCOME
Revenue
$40,507
PROGRAM FEES
Revenue
$4,467
SPACE RENTAL
Revenue
$450
Organization Details
Founding Year
2012
Phone
(731) 554-5555Principal Officer
Lisa Garner
Main Address
541 WILEY PARKER RD, JACKSON, TN, 38305
Website
www.attheco.comNTEE Category
Code: S43 - Community improvement
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