2024-03-11T09:56:08-05:00 2023-05-31 350905017 WHITINGER & COMPANY LLC 10735 SKY PRAIRIE STREET SUITE 100 FISHERS IN 46038 990 2022-06-01 043732583 FLAGSHIP ENTERPRISE CENTER FLAG 7656220400 2705 ENTERPRISE DRIVE ANDERSON IN 46013 TERRY TRUITT PRESIDENT & CEO 7656220400 2024-02-23 1 TERRY TRUITT 999009999 0 JOHN P KANE CPA P00081364 3178416009 2024-02-22 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERRY TRUITT 2705 ENTERPRISE DRIVE ANDERSON IN 46013 3448869 0 X FLAGSHIPENTERPRISE.ORG X 2005 IN THE FLAGSHIP ENTERPRISE CENTER'S MISSION IS TO CONTRIBUTE TO THE LONG-TERM ECONOMIC DEVELOPMENT OF THE COMMUNITIES OF ANDERSON, MADISON COUNTY, AND THE STATE OF INDIANA BY ENCOURAGING AND NURTURING THE ENTREPRENEURIAL SPIRIT THROUGH PROVIDING MENTORING, NETWORKING, BUSINESS SERVICES, EDUCATIONAL OPPORTUNITIES, AND ACCESS TO CAPITAL. 13 6 0 0 0 0 6762171 1522091 1439054 1593683 336858 326891 50953 6204 8589036 3448869 0 0 0 0 1312717 1285436 0 0 500 1314941 2110111 2627658 3395547 5961378 53322 36311474 34310184 5224165 3184553 31087309 31125631 X TO CONTRIBUTE TO THE LONG-TERM ECONOMIC DEVELOPMENT OF THE COMMUNITIES OF ANDERSON, MADISON COUNTY, AND THE STATE OF INDIANA BY ENCOURAGING AND NURTURING THE ENTREPRENEURIAL SPIRIT THROUGH PROVIDING MENTORING, NETWORKING, BUSINESS SERVICES, EDUCATIONAL OPPORTUNITIES, AND ACCESS TO CAPITAL. 0 0 2814816 1599887 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. 2814816 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X TERRY TRUITT 7656220100 2705 ENTERPRISE DRIVE ANDERSON IN 46013 X DENNIS CARROLL CHAIR 1.50 X X 0 0 0 TIM LANANE VICE CHAIR 1.00 X X 0 0 0 DAVID EICKS SECRETARY 0.50 X X 0 0 0 DAN COURTNEY TREASURER 0.50 X X 0 0 0 BARBARA ALDER DIRECTOR 0.50 X 0 0 0 LEILA KELLY DIRECTOR 0.50 X 0 0 0 TERRI AUSTIN DIRECTOR 0.50 X 0 0 0 MIKE BARKER DIRECTOR 0.50 X 0 0 0 JON ADAMS DIRECTOR 0.50 X 0 0 0 JACK KEESLING DIRECTOR 0.50 X 0 0 0 STEPHANIE MORAN DIRECTOR 0.50 X 0 0 0 TERRY TRUITT PRESIDENT 40.00 X 154393 0 0 154393 0 0 1 0 1 0 0 899201 622890 1522091 CLIENT RENTAL INCOME 531190 1274565 1274565 LOAN PROGRAM INCOME 522291 319118 319118 1593683 326891 326891 MISCELLANEOUS INCOME 531390 6204 6204 6204 3448869 1599887 0 326891 1081732 763676 318056 104929 75530 29399 98775 72385 26390 33184 33184 159799 99031 60768 761962 761962 29584 22169 7415 15914 15914 471569 471569 BAD DEBTS 192362 192362 CLIENT SUPPORT 180022 180022 ADVERTISING 53343 52843 500 PROGRAM GRANTS 46745 46745 165627 60608 105019 3395547 2814816 580231 500 4479104 2777367 312024 312409 460 480207 657472 5047989 4651889 10936 6271 29489966 3736650 25818485 25753316 162729 151000 36311474 34310184 173395 229079 5009791 2872064 40979 83410 5224165 3184553 X 31020887 30860747 66422 264884 31087309 31125631 36311474 34310184 53322 -15000 0 X X 0 0 0 X 950950 1403312 1067795 6762171 1522091 11706319 950950 1403312 1067795 6762171 1522091 11706319 11706319 702092 381948 427852 342027 326891 2180810 -1687680 1691410 2006724 1484838 1599888 5095180 18982309 0.61670 0.58770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1276723 1276723 27619786 3200861 24418925 83081 68781 14300 510376 467008 43368 25753316 ACCRUED WAGES 46047 ACCRUED AND WITHHELD PAYROLL TAXES 35000 ACCRUED INTEREST 18 OTHER CURRENT LIABILITIES 1800 SALES TAX PAYABLE 545 83410 3381882 0 3381882 66987 66987 3448869 3395547 0 3395547 0 3395547 PART XI, LINE 4B - OTHER ADJUSTMENTS: RELATED PARTY REVENUES 66,987. X 0 0 0 0 0 0 0 0 0 TERRY TRUITT PRESIDENT 144288 0 0 0 10105 0 0 0 0 0 154393 0 0 0 0 BARBARA ALDER BOARD MEMBER AND CHAIR OF FLAGSHIP ENTERPRISE CAPITAL BOARD FLAGSHIP CAPITAL IS A MICROLOAN LENDER, A RELATED ENTITY, PROVIDING FINANCIAL SERVICES. SOMEFLAGSHIP CAPITAL CLIENTS MAY, FROM TIME TO TIME, ALSO BE SERVICED BY THE FLAGSHIP ENTERPRISE CENTER. 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE (PRESIDENT, BOARD CHAIR, SECRETARY, & TREASURER) HAS BEEN AUTHORIZED TO REVIEW THE FORM 990 AND PROVIDE A REPORT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE POLICY AS NEW OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE ADDED (OR CHANGED) AND REVIEWS EXISTING MEMBERS, NOT LESS THAN ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PERFORMANCE REVIEW IS COMPLETED ON THE CEO BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 WITH ADEQUATE NOTICE, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, RELATED POLICIES, AND FINANCIAL STATEMENTS AVAILABLE, UPON REQUEST OF THE BOARD TREASURER. PAGE 11, PART XI, LINE 1: OTHER METHOD OF ACCOUNT MODIFIED CASH BASIS FORM 990, XII, 2C THE CENTER HAS AN AUDIT OF THEIR FINANCIAL STATEMENTS BY A CPA FIRM SPECIALIZING WITH NOT-FOR-PROFIT ENTITIES. ANDERSON UNIVERSITY INC 1100 EAST 5TH STREET ANDERSON IN 46012 350867954 LIBERAL ARTS UNIVERSITY AND SEMINARY IN 501(C)3 EXEMPT N/A 0 FLAGSHIP ENTERPRISE CAPITAL INC 2705 ENTERPRISE DRIVE ANDERSON IN 46013 813693405 MICROLOAN LENDER IN 501(C)3 EXEMPT N/A 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0