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?
Flagship Enterprise Capital Inc is committed to serving as a mission-driven financial institution. Its primary goal is to offer financial services that cater to the needs of economically disadvantaged businesses and individuals residing in underserved communities. The organization strives to make a significant impact by providing essential financial resources to these groups, thereby fostering economic growth and development in these communities. During the fiscal year ending May 31, 2022, Flagship Enterprise Capital successfully closed 35 loans, with a focus on supporting minorities, women-owned businesses, veterans, startups, low-income businesses, and providing 1,414 hours of technical assistance to its clients.
Who is the CEO of Flagship Enterprise Capital Inc?
Terry Truitt is the Chairman of Flagship Enterprise Capital Inc.
What is the revenue of Flagship Enterprise Capital Inc?
Flagship Enterprise Capital Inc's revenue in 2022 was $739,498.
Who are the executives of Flagship Enterprise Capital Inc and what are their salaries?
- Barbara Alder (Chairman) [Trustee/Director]
- Jan Mansfield (Director)
- William Birdsong (Director)
- Annette Phillips (Director)
- Jason King (Director)
- Mathew Foley (Director)
- Jadira Hoptry (Director)
- Stephanie Roland (Director)
Where can I find the form 990 for Flagship Enterprise Capital Inc?
The Flagship Enterprise Capital Inc’s most recent form 990 was submitted in 2022 and can be accessed here
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
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
Phone
(765) 622-0800
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.