2024-03-12T14:25:40-05:00 2023-05-31 350905017 WHITINGER & COMPANY LLC 10735 SKY PRAIRIE STREET SUITE 100 FISHERS IN 46038 990 2022-06-01 813693405 FLAGSHIP ENTERPRISE CAPITAL INC FLAG 7656220800 2705 ENTERPRISE DRIVE ANDERSON IN 46013 ADAM HOEKSEMA CEO 7656220400 2024-03-11 1 ADAM HOEKSEMA 999009999 0 JOHN P KANE CPA P00081364 3178416009 2024-03-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ADAM HOEKSEMA 2705 ENTERPRISE DRIVE ANDERSON IN 46013 440616 0 X N/A X 2016 IN A MISSION DRIVEN FINANCIAL INSTITUTION THAT HELPS PROVIDE FINANCIAL SERVICES TO MEET THE NEEDS OF ECONOMICALLY DISADVANTAGED BUSINESSES AND INDIVIDUALS IN UNDERSERVED COMMUNITIES. 8 8 0 0 0 0 655851 353000 14379 6532 69268 81084 0 0 739498 440616 0 0 0 0 141429 73713 0 0 0 147542 286711 288971 360424 450527 80192 1621789 1640945 556834 488972 1064955 1151973 TO BE A MISSION DRIVEN FINANCIAL INSTITUTION THAT HELPS PROVIDE FINANCIAL SERVICES TO MEET THE NEEDS OF ECONOMICALLY DISADVANTAGED BUSINESSES AND INDIVIDUALS IN UNDERSERVED COMMUNITIES. 0 0 332836 87616 IN THE FISCAL YEAR ENDING MAY 31, 2023, FLAGSHIP ENTERPRISE CAPITAL CLOSED 35 LOANS. OF THESE LOANS, 29 WERE DISBURSED TO MINORITIES, 19 TO WOMEN-OWNED BUSINESSES, 2 TO VETERANS, 21 TO START-UP ENTERPRISES, AND 14 TO LOW-INCOME BUSINESSES. ADDITIONALLY, FLAGSHIP ENTERPRISE CAPITAL PROVIDED 1,414 HOURS OF TECHNICAL ASSISTANCE TO ITS CLIENTS. 332836 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X ADAM HOEKSEMA 7656220100 2705 ENTERPRISE DRIVE ANDERSON IN 46013 BARBARA ALDER CHAIRMAN 1.50 X X 0 0 0 JAN MANSFIELD DIRECTOR 0.50 X 0 0 0 WILLIAM BIRDSONG DIRECTOR 0.50 X 0 0 0 ANNETTE PHILLIPS DIRECTOR 0.50 X 0 0 0 JASON KING DIRECTOR 0.50 X 0 0 0 MATHEW FOLEY DIRECTOR 0.50 X 0 0 0 JADIRA HOPTRY DIRECTOR 0.50 X 0 0 0 STEPHANIE ROLAND DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 353000 353000 MICROLOAN INCOME 522291 6532 6532 6532 81084 81084 440616 87616 0 0 73713 73713 14875 14875 6396 6396 2169 2169 10000 10000 12286 12286 2713 2713 BAD DEBTS 168645 168645 LOAN FEES 54701 54701 CAPITAL ACCESS EXPENSES 12898 12898 BANK CHARGES 2016 2016 12 12 360424 332836 27588 0 567581 404767 5408 4810 1048800 1223228 8140 1621789 1640945 517081 379339 39753 109633 556834 488972 X 954864 1051973 110091 100000 1064955 1151973 1621789 1640945 80192 6826 0 X X 0 0 0 X 150000 220000 390000 655851 353000 1768851 150000 220000 390000 655851 353000 1768851 1768851 30535 34750 42387 69254 81070 257996 11027 10457 11857 14393 6546 54280 2081127 0.84990 0.85720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED INTEREST 486 LOANS PAYABLE - FLAGSHIP ENTERPRISE CENTER 99147 DEFERRED GRANTS 10000 109633 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD CHAIR 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 CHAIR. FORM 990, XII, 2C FLAGSHIP CAPITAL HAS REVIEWED FINANCIAL STATEMENTS PERFORMED BY A CPA FIRM SPECIALIZING WITH NOT-FOR-PROFIT ENTITIES. FURTHER AN AUDIT IS PERFORMED OF CONSOLIDATED INFORMATION WITH A RELATED ENTITY, WHICH IS SEPARATELY REPORTED FOR TAX PURPOSES. FLAGSHIP ENTERPRISE CENTER 2705 ENTERPRISE DRIVE ANDERSON IN 46013 043732583 BUSINESS INCUBATOR 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