Overview
What is Fishers Entrepreneurship Center Inc?
Fishers Entrepreneurship Center Inc, located at 12175 Visionary Way, Fishers, IN 46038, is a nonprofit organization dedicated to fostering a collaborative co-working space for entrepreneurs working on startups, high-growth, and high-potential enterprises. The center aims to serve as a hub for high-impact entrepreneurs, offering them a supportive environment to develop the next generation of successful businesses. With a team of 10 employees, Fishers Entrepreneurship Center Inc is committed to nurturing innovation and business growth within its community.
Official website here: www.launchfishers.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Fishers Entrepreneurship Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored only 58%, reflecting issues in key areas such as board independence and financial transparency. Notably, the lack of independent board members and inadequate financial statement disclosures are points of concern.
Despite its low rating, the organization does demonstrate a high program expense ratio of 97.70%, suggesting that a substantial portion of its resources is dedicated to its programs rather than administrative costs. Additionally, it has a strong commitment to conflict of interest policies and maintains proper documentation of board meeting minutes. However, the absence of a whistleblower policy and document retention practices highlights areas that require improvement.
Overall, while Fishers Entrepreneurship Center Inc shows promise in its program expenditure, the significant deficiencies in governance and financial transparency raise red flags for potential donors and stakeholders. Addressing these issues will be crucial for enhancing its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fishers Entrepreneurship Center Inc legitimate?
Fishers Entrepreneurship Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fishers Entrepreneurship 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:
Executive Compensation: $142,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $328,376
For more financial information, click here
Official website here: www.launchfishers.com
What is the mission statement of Fishers Entrepreneurship Center Inc?
The Fishers Entrepreneurship Center Inc is committed to providing a collaborative co-working space for high-impact entrepreneurs. This environment serves as a platform for these innovators to develop the foundations of the next generation of successful businesses, focusing on startups, high-growth, and high-potential ventures. By fostering this collaborative atmosphere, the center aims to promote the growth and success of these enterprises.
Official website here: www.launchfishers.com
What is the revenue of Fishers Entrepreneurship Center Inc?
Fishers Entrepreneurship Center Inc's revenue in 2023 was $1,043,948.
Official website here: www.launchfishers.com
Who are the executives of Fishers Entrepreneurship Center Inc and what are their salaries?
The average compensation at Fishers Entrepreneurship Center Inc during 2023 was $67,318. There are 7 employees at Fishers Entrepreneurship Center Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.launchfishers.com
Where can I find the form 990 for Fishers Entrepreneurship Center Inc?
Fishers Entrepreneurship Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.launchfishers.com
Learn more at the official website: www.launchfishers.com
Mission Statement of Fishers Entrepreneurship Center Inc
Fishers Entrepreneurship Center Inc is committed to supporting high-impact entrepreneurs in their quest to create the next generation of successful businesses. To achieve this, the center provides a collaborative co-working space that fosters innovation and collaboration. By offering this facility, the organization aims to promote the growth and development of startups, high-growth, and high-potential enterprises. The mission of Fishers Entrepreneurship Center Inc is to serve as a hub where entrepreneurs can connect, share ideas, and build their ventures, ultimately contributing to the creation of a thriving entrepreneurial ecosystem.
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Impact
July, 2024
Fishers Entrepreneurship Center Inc provides a collaborative co-working space for high-impact entrepreneurs, enabling them to work on startup, high-growth, and high-potential enterprises. By offering a supportive environment and resources, the center plays a crucial role in fostering innovation and facilitating the development of the next generation of business successes. Through its mission to empower entrepreneurs, the organization contributes to the advancement of the local business community and drives economic growth in Fishers, Indiana.
This information is meant to be a general summary of Fishers Entrepreneurship 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 2023.
- Program Service Revenue: $1,043,948
- Gross Receipts: $1,043,948
Assets and Liabilities:
- Total Assets: $693,012
- Total Liabilities: $117,778
- Net Assets: $575,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICE RENTAL
Revenue
$406,400
DEDICATED WORKSPACE
Revenue
$369,096
SERVICES
Revenue
$115,400
CORPORATE SPONSORS
Revenue
$59,865
COFFEE SHOP INCOME
Revenue
$37,512
Organization Details
Founding Year
2012
Principal Officer
Dan Canan
Website
www.launchfishers.comNTEE Category
Code: S99 - Community improvement
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