Program areas at Flagship Enterprise Center
In the fiscal year ending may 31, 2023, Flagship Enterprise Center leased 210,000 square feet of office, lab, and industrial space to growing companies involved in research and development, manufacturing, and engineering. The Center closed 124 regular small business loans during the fiscal year. Of these loans, 55 were disbursed to minorities, 50 to women, 7 to veterans, 47 to start-up enterprises, and 35 to low-income businesses. Additionally, Flagship Enterprise Center provided 1,109 hours of technical assistance to its clients.
Who funds Flagship Enterprise Center
Grants from foundations and other nonprofits
Personnel at Flagship Enterprise Center
| Name | Title | Compensation | Date of data |
|---|
| Terry Truitt | Chief Executive Officer and President | $154,393 | 2024-04-20 |
| Stan Horner | Chief Financial Officer | | 2024-04-20 |
| Jennifer Hall | Executive Director | | 2024-04-20 |
| Alonso Gonzalez | Director of Underwriting | | 2024-04-20 |
| Marcy Orr | Director of Bankable Operations | | 2024-04-20 |
| ...and 9 more key personnel |
Financials for Flagship Enterprise Center
| Revenues | FYE 05/2023 | FYE 05/2022 | % Change |
|---|
| Total grants, contributions, etc. | $1,522,091 | $6,762,171 | -77.5% |
| Program services | $1,593,683 | $1,439,054 | 10.7% |
| Investment income and dividends | $326,891 | $342,027 | -4.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $-5,169 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $6,204 | $50,953 | -87.8% |
| Total revenues | $3,448,869 | $8,589,036 | -59.8% |
Organizations like Flagship Enterprise Center
| Organization | Type | Location | Revenue |
|---|
| The Enterprise Center Community Development Corporation (TEC) | 501(c)(3) | Philadelphia, PA | $3,926,545 |
| Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,117,873 |
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $2,298,721 |
| Metropolitan Economic Development Association | 501(c)(3) | Minneapolis, MN | $9,291,098 |
| Rural Enterprises of Oklahoma | 501(c)(3) | Durant, OK | $7,140,966 |
| Aedc Small Business Lending Center | 501(c)(3) | Eureka, CA | $3,441,770 |
| BCL of Texas | 501(c)(3) | Austin, TX | $3,744,979 |
| Wisconsin Womens Business Initiative Corporation (WWBIC) | 501(c)(3) | Milwaukee, WI | $9,606,906 |
| Olean Business Development Corporation | 501(c)(3) | Olean, NY | $925,080 |
| Launch New York | 501(c)(3) | Buffalo, NY | $4,319,958 |
Data update history
April 21, 2024
Updated personnel
Identified 11 new personnel
April 18, 2024
Used new vendors
Identified 1 new vendor, including
November 27, 2023
Received grants
Identified 2 new grant, including a grant for $250,000 from National Urban League July 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
EducationEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 2705 Enterprise Dr
- Anderson, IN 46013
- Metro area
- Indianapolis-Carmel-Anderson, IN
- County
- Madison County, IN
- Website URL
- flagshipenterprise.org/Â
- Phone
- (765) 622-0400
IRS details
- EIN
- 04-3732583
- Fiscal year end
- May
- Taxreturn type
- Form 990
- Year formed
- 2005
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Subordinate organization
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