Overview
What is Shoals Entrepreneurial Center Inc?
Shoals Entrepreneurial Center Inc, operating as the Shoals Business Incubator, is a nonprofit organization situated in Florence, Alabama. Their primary mission is to support new development stage small businesses by providing them with necessary facilities and essential resources during their startup phase. This includes administrative, management, financial, and technical assistance. With a small team of two dedicated individuals, they aim to serve as a nurturing environment for these budding enterprises, helping them grow and thrive.
Official website here: www.shoalsbusinessincubator.com
What do the Facebook reviews say about Shoals Entrepreneurial Center Inc?
There's a budding recognition for the Shoals Entrepreneurial Center Inc, with early feedback hinting at positive sentiments. One reviewer shared their experience of touring the facility, highlighting its potential as an excellent resource for entrepreneurs looking to take their first steps in business. This perspective indicates a welcoming environment that could be beneficial for new ventures.
While there are currently limited reviews, the enthusiasm expressed suggests that the center is poised to provide valuable support for aspiring business owners. Overall, this organization appears to be on the right track in fostering entrepreneurship within the community.
This AI summary has been generated from reviews found on Facebook.
Is Shoals Entrepreneurial Center Inc legitimate?
Shoals Entrepreneurial Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals 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:
Executive Compensation: $120,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,836
For more financial information, click here
Official website here: www.shoalsbusinessincubator.com
What is the mission statement of Shoals Entrepreneurial Center Inc?
The Shoals Entrepreneurial Center Inc is committed to supporting new development stage small businesses during their initial growth period. They provide these businesses with necessary facilities and offer administrative, management, financial, and technical assistance. By serving as an incubator for these businesses, the center aims to foster their growth and development during the crucial startup phase. The center's mission is to offer a conducive environment and essential resources to help these small businesses successfully navigate their early stages.
Official website here: www.shoalsbusinessincubator.com
Who is the CEO of Shoals Entrepreneurial Center Inc?
David Muhlendorf is the Treasurer of Shoals Entrepreneurial Center Inc.
Official website here: www.shoalsbusinessincubator.com
What is the revenue of Shoals Entrepreneurial Center Inc?
Shoals Entrepreneurial Center Inc's revenue in 2022 was $375,969.
Official website here: www.shoalsbusinessincubator.com
Who are the executives of Shoals Entrepreneurial Center Inc and what are their salaries?
The average compensation at Shoals Entrepreneurial Center Inc during 2022 was $81,448. There are 2 employees at Shoals Entrepreneurial Center Inc.
Here are 12 key members and their salaries:
- Compensation: $120,060
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.shoalsbusinessincubator.com
Where can I find the form 990 for Shoals Entrepreneurial Center Inc?
Shoals Entrepreneurial Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shoalsbusinessincubator.com
Learn more at the official website: www.shoalsbusinessincubator.com
Mission Statement of Shoals Entrepreneurial Center Inc
Shoals Entrepreneurial Center Inc is committed to supporting new development stage small businesses during their formative periods. The organization provides these businesses with necessary facilities, acting as an incubator for their growth. Beyond offering physical space, Shoals Entrepreneurial Center Inc also extends administrative, financial, and technical support to the businesses under its care. This comprehensive approach aims to equip new businesses with the tools they need to overcome challenges and thrive in their early stages. By nurturing these fledgling enterprises, Shoals Entrepreneurial Center Inc contributes to the broader economic landscape, fostering a culture of innovation and entrepreneurship.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Shoals Entrepreneurial Center Inc plays a vital role in fostering the growth and success of new development stage small businesses in Florence, AL. By providing essential facilities and a supportive environment, the center serves as an incubator for these emerging enterprises. Entrepreneurs benefit from access to administrative, management, financial, and technical support, which is crucial as they navigate the challenges of the startup phase.
The impact of the center is significant, as it not only helps individual businesses grow but also contributes to the local economy by creating jobs and promoting innovation. By nurturing new ventures, Shoals Entrepreneurial Center Inc enhances the overall entrepreneurial landscape, encouraging a culture of business development and collaboration within the community.
This information is meant to be a general summary of Shoals 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.
- Investment Income: $23,065
- Program Service Revenue: $324,852
- Gross Receipts: $375,969
Assets and Liabilities:
- Total Assets: $1,114,188
- Total Liabilities: $47,240
- Net Assets: $1,066,948
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS INCOME
Revenue
$302,403
PROGRAM FEES
Revenue
$22,449
Organization Details
Founding Year
1989
Principal Officer
David Muhlendorf
Main Address
3115 NORTHINGTON COURT, FLORENCE, AL, 35630
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Shoals Entrepreneurial Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.