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Eastern Shore Entrepreneurship Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611465160 ✦ Easton, MD ✦ Designated as a 501(c)(3)

Overview

What is Eastern Shore Entrepreneurship Center Inc?

Eastern Shore Entrepreneurship Center Inc is a nonprofit organization situated in Easton, Maryland. Their primary mission is to foster an entrepreneurial ecosystem, contributing to the creation of personal wealth and the expansion of community resources and services. To achieve this goal, the center manages a portfolio of loans to small businesses, providing financial assistance at affordable interest rates. This initiative aims to stimulate growth among these businesses. Additionally, the organization offers technical assistance, educational programs, and access to capital services to both individuals and small to mid-sized businesses, further aiding in their development.


Official website here: www.ventureahead.org

Is Eastern Shore Entrepreneurship Center Inc legitimate?

Eastern Shore Entrepreneurship Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Shore 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.

Here are some key statistics you may want to consider:

Executive Compensation: $108,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ventureahead.org

What is the mission statement of Eastern Shore Entrepreneurship Center Inc?

The Eastern Shore Entrepreneurship Center Inc's mission is to establish an entrepreneurial environment that leads to personal wealth creation. This, in turn, contributes to the expansion of community resources and services. To achieve this, the center provides technical assistance, education, and access to capital services to individuals and small to mid-sized businesses. They manage a portfolio of loans to small businesses, offering them funds at low-interest rates to stimulate and encourage growth.


Official website here: www.ventureahead.org

Who is the CEO of Eastern Shore Entrepreneurship Center Inc?

Mike Thielke is the Vice President of Eastern Shore Entrepreneurship Center Inc.


Official website here: www.ventureahead.org

What is the revenue of Eastern Shore Entrepreneurship Center Inc?

Eastern Shore Entrepreneurship Center Inc's revenue in 2022 was $608,404.


Official website here: www.ventureahead.org

Who are the executives of Eastern Shore Entrepreneurship Center Inc and what are their salaries?

Here are 10 key members and their salaries:

    Mike Thielke (Executive Director)
  • Compensation: $108,000
  • Related: $0
  • Other: $0

    • Tyler Patton (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Kern (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Elstner (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shannon Dill (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Warner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Nicholson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walter Chase (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nikko Brady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neil Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ventureahead.org

    Where can I find the form 990 for Eastern Shore Entrepreneurship Center Inc?

    The Eastern Shore Entrepreneurship Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ventureahead.org

    Learn more at the official website: www.ventureahead.org

    Mission Statement of Eastern Shore Entrepreneurship Center Inc

    Eastern Shore Entrepreneurship Center Inc is dedicated to establishing an entrepreneurial ecosystem that fosters personal wealth creation. This, in turn, contributes to the growth of community resources and services. To achieve this mission, the Center provides technical assistance, education, and access to capital services to individuals and small to mid-size businesses.

    In essence, Eastern Shore Entrepreneurship Center Inc serves as a catalyst for business growth. By managing a portfolio of loans to small businesses, totaling approximately $600,000, the Center offers these loans at low interest rates. This financial support encourages and stimulates the growth of these businesses, contributing to the overall health and prosperity of the community. By providing these essential services, Eastern Shore Entrepreneurship Center Inc plays a crucial role in fostering an environment where businesses can thrive and contribute to the community's growth and development.

    Impact

    This information is meant to be a general summary of Eastern Shore Entrepreneurship Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The impact of the Eastern Shore Entrepreneurship Center Inc is evident in the thriving entrepreneurial ecosystem it has cultivated. By providing technical assistance, education, and access to capital services, this organization has empowered individuals and small to mid-size businesses to achieve personal wealth creation. The management of a loan portfolio totaling approximately $600,000 at low interest rates has stimulated growth and encouraged entrepreneurship in the community. Through their efforts, they have contributed to the growth of community resources and services, fostering economic development and supporting local businesses.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,527
  • Program Service Revenue: $51,156
  • Gross Receipts: $608,404

    • Assets and Liabilities:
  • Total Assets: $1,144,981
  • Total Liabilities: $1,118,136
  • Net Assets: $26,845
  • Organization Details

    Founding Year

    2004

    Principal Officer

    Mike Thielke

    Main Address

    8737 BROOKS DRIVE SUITE 101, EASTON, MD, 21601

    NTEE Category

    Code: B90 - Education

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