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Flagship Enterprise Capital Inc

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

EIN: 813693405 ✦ Anderson, IN ✦ Designated as a 501(c)(3)

Overview

What is Flagship Enterprise Capital Inc?

Flagship Enterprise Capital Inc is a mission-driven financial institution situated in Anderson, Indiana. Its primary objective is to offer financial services tailored to economically disadvantaged businesses and individuals in underserved communities. In the fiscal year ending May 31, 2022, the organization closed 35 loans, demonstrating its commitment to supporting various groups. Among these loans, 29 were disbursed to minorities, 19 to women-owned businesses, 2 to veterans, 21 to startup enterprises, and 14 to low-income businesses. In addition, Flagship Enterprise Capital provided 1,414 hours of technical assistance to its clients, further underscoring its dedication to helping underserved communities thrive.


Is Flagship Enterprise Capital Inc legitimate?

Flagship Enterprise Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flagship Enterprise Capital 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,429

For more financial information, click here


What is the mission statement of Flagship Enterprise Capital Inc?
Who is the CEO of Flagship Enterprise Capital Inc?
What is the revenue of Flagship Enterprise Capital Inc?
Who are the executives of Flagship Enterprise Capital Inc and what are their salaries?
Where can I find the form 990 for Flagship Enterprise Capital Inc?

Mission Statement of Flagship Enterprise Capital Inc

Flagship Enterprise Capital Inc is a mission-driven financial institution that focuses on providing financial services to economically disadvantaged businesses and individuals in underserved communities. Their mission is to act as a catalyst, helping to bridge the gap in financial access for those who may not have it otherwise. In the fiscal year ending May 31, 2022, Flagship Enterprise Capital demonstrated their commitment to this mission by closing 35 loans. These loans were disbursed to a diverse range of recipients, including 29 minority-owned businesses, 19 women-owned enterprises, 2 veterans, 21 startup enterprises, and 14 low-income businesses.

Beyond just loan disbursement, Flagship Enterprise Capital also provides valuable technical assistance to its clients. In the same year, they offered 1,414 hours of this assistance, further supporting the growth and success of the businesses they serve. By providing both financial and educational resources, Flagship Enterprise Capital is making a tangible impact in the lives of economically disadvantaged individuals and businesses, helping them to thrive and grow in their respective communities.

Impact

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




Saturday, July 20, 2024

Flagship Enterprise Capital Inc's impact is profound, as it serves as a crucial financial institution dedicated to providing essential services to economically disadvantaged businesses and individuals in underserved communities. In the latest fiscal year, Flagship Enterprise Capital closed 35 loans, with a significant focus on supporting minorities, women-owned businesses, veterans, startups, and low-income enterprises. Additionally, the organization went above and beyond by offering 1,414 hours of technical assistance to its clients, further enhancing their support beyond just financial aid. Through these efforts, Flagship Enterprise Capital is actively contributing to community improvement and empowerment, making a tangible difference in the lives of those who need it most.





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: $69,268
  • Program Service Revenue: $14,379
  • Gross Receipts: $739,498

    • Assets and Liabilities:
  • Total Assets: $1,621,789
  • Total Liabilities: $556,834
  • Net Assets: $1,064,955
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MICROLOAN INCOME

    Revenue

    $14,379

    Organization Details

    Founding Year

    2016

    Principal Officer

    Terry Truitt

    Main Address

    2705 ENTERPRISE DRIVE, ANDERSON, IN, 46013

    NTEE Category

    Code: S43 - Community improvement

    If you are a representative of Flagship Enterprise Capital 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.