Overview
What is Knoxville Entrepreneur Center?
The Knoxville Entrepreneur Center is a nonprofit organization situated in Knoxville, Tennessee, specifically at 17 MARKET SQUARE SUITE 101. Their mission is to empower entrepreneurs and small business owners within the Knoxville community and its surrounding rural areas. By offering resources and support, they aim to transform individuals' business venture ideas and aspirations into thriving businesses, thereby creating job opportunities in East Tennessee. Their services encompass inspiration, encouragement, and training in various aspects such as strategic planning, organization, sales, marketing, and capital formation. The Knoxville Entrepreneur Center believes that the region's future economic success relies on attracting, retaining, and developing talented individuals with business ideas that will translate into jobs and a stronger tax base.
Official website here: www.knoxec.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
The Knoxville Entrepreneur Center has received a "Needs Improvement" rating due to its overall score of 73%. The organization demonstrates strengths in governance, with all board members being independent and a solid program expense ratio indicating a strong focus on its mission-related activities. The lack of financial statements available for public review, however, raises concerns about transparency.
While the center has established some essential policies such as a conflict of interest policy and maintains records of board meeting minutes, it falls short in crucial areas. The absence of a whistleblower policy, document retention and destruction policy, and the lack of financial documents on its website could hinder stakeholder trust and accountability.
Despite these limitations, the Knoxville Entrepreneur Center maintains a good liability to asset ratio, suggesting financial stability. The organization needs to enhance its transparency practices to improve its rating and foster greater confidence among its supporters and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Knoxville Entrepreneur Center legitimate?
Knoxville Entrepreneur Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoxville 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.
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Official website here: www.knoxec.com
What is the mission statement of Knoxville Entrepreneur Center?
The Knoxville Entrepreneur Center serves its local community by offering resources and support to individuals, enabling them to transform their business venture ideas into successful enterprises. This mission is driven by the belief that the success of these businesses can lead to job creation, contributing positively to the local economy. The center provides inspiration, encouragement, and training in areas such as strategic planning, organization, sales, marketing, and capital formation. Its primary goal is to assist entrepreneurs and small business owners in transforming their ideas into jobs, thereby contributing to the region's future economic success.
Official website here: www.knoxec.com
Who is the CEO of Knoxville Entrepreneur Center?
Brandon Bruce is the Chair of Knoxville Entrepreneur Center.
Official website here: www.knoxec.com
What is the revenue of Knoxville Entrepreneur Center?
Knoxville Entrepreneur Center's revenue in 2023 was $1,093,084.
Official website here: www.knoxec.com
Who are the executives of Knoxville Entrepreneur Center and what are their salaries?
There 85 volunteers at Knoxville Entrepreneur Center.
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Official website here: www.knoxec.com
Where can I find the form 990 for Knoxville Entrepreneur Center?
Knoxville Entrepreneur Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.knoxec.com
Learn more at the official website: www.knoxec.com
Mission Statement of Knoxville Entrepreneur Center
The Knoxville Entrepreneur Center, a nonprofit organization, was established with both educational and charitable intentions. Its mission is to provide resources and aid to local entrepreneurs and small business owners in transforming their business venture ideas and dreams into thriving businesses. By doing so, the center contributes to the creation of jobs in the community, playing a significant role in the region's future economic success. The organization believes that attracting, retaining, and developing talented individuals with business ideas is crucial for the growth of a strong tax base. The Knoxville Entrepreneur Center offers inspiration, encouragement, and training in various areas such as strategic planning, organization, sales, marketing, and capital formation, contributing to the transformation of these ideas into successful businesses.
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Impact
July, 2024
Knoxville Entrepreneur Center plays a vital role in fostering economic growth in Knoxville, Tennessee, and its surrounding rural communities. By providing individuals with the resources and support they need to turn their business ideas into successful ventures, the organization contributes to job creation in East Tennessee. Through inspiration, encouragement, and training in areas such as strategic planning, organization, sales, marketing, and capital formation, Knoxville Entrepreneur Center empowers local entrepreneurs and small business owners to thrive and contribute to the region's economic prosperity. The organization's dedicated efforts aim to attract, retain, and develop talented individuals with innovative business concepts, ultimately leading to job creation and a stronger tax base for the community.
This information is meant to be a general summary of Knoxville 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 2023.
- Gross Receipts: $1,093,084
Assets and Liabilities:
- Total Assets: $545,681
- Total Liabilities: $150,466
- Net Assets: $395,215
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Organization Details
Founding Year
2012
Phone
(865) 282-4322Principal Officer
Brandon Bruce
Main Address
17 MARKET SQUARE SUITE 101, KNOXVILLE, TN, 37902
Website
www.knoxec.comNTEE Category
Code: B99 - Education
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