2025-02-19T08:25:51-06:00 2024-05-31 350905017 WHITINGER & COMPANY LLC 10735 SKY PRAIRIE STREET SUITE 100 FISHERS IN 46038 990 2023-06-01 043732583 FLAGSHIP ENTERPRISE CENTER FLAG 7656220400 2705 ENTERPRISE DRIVE ANDERSON IN 46013 TERRY TRUITT PRESIDENT & CEO 7656220400 2025-02-12 1 0 JOHN P KANE CPA P00081364 3178416009 2025-02-12 2023 2025-03-06 01:10:19Z TERRY TRUITT 2705 ENTERPRISE DRIVE ANDERSON IN 46013 4088380 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 1522091 1595933 1593683 1882444 326891 594320 6204 15683 3448869 4088380 0 0 0 0 1285436 1543255 0 0 1009 2110111 2194003 3395547 3737258 53322 351122 34310184 38434037 3184553 6942284 31125631 31491753 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 2942753 1898127 IN THE FISCAL YEAR ENDING MAY 31, 2024, 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 165 REGULAR SMALL BUSINESS LOANS DURING THE FISCAL YEAR. OF THESE LOANS, 71 WERE DISBURSED TO MINORITIES, 71 TO WOMEN, 8 TO VETERANS, 66 TO START-UP ENTERPRISES, AND 15 TO LOW-INCOME BUSINESSES. ADDITIONALLY, FLAGSHIP ENTERPRISE CENTER PROVIDED 2,767 HOURS OF TECHNICAL ASSISTANCE TO ITS CLIENTS. 2942753 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 28 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 TIM LANANE CHAIR 1.50 X X 0 0 0 STEPHANIE MORAN 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 DOUG WHITHAM 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 SUAHI HOUSHOLDER DIRECTOR 0.50 X 0 0 0 TERRY TRUITT PRESIDENT 40.00 X 182478 0 0 182478 0 0 1 0 1 0 0 651520 944413 1595933 CLIENT RENTAL INCOME 531190 1414410 1414410 LOAN PROGRAM INCOME 522291 468034 468034 1882444 594320 594320 MISCELLANEOUS INCOME 531390 15683 15683 15683 4088380 1898127 0 594320 1347610 892752 454858 77296 53469 23827 118349 80947 37402 7035 7035 54352 54352 190735 96548 94187 742112 742112 20708 8795 11904 9 40274 40274 485278 485278 BAD DEBTS 187044 187044 ADVERTISING 98965 81118 16847 1000 MISCELLANEOUS 80359 69418 10941 CLIENT SUPPORT 73205 73205 213936 131793 82143 3737258 2942753 793496 1009 2777367 4159669 312409 261477 460 657472 733619 4651889 7574234 6271 5681 29721285 4203257 25753316 25518028 151000 181329 34310184 38434037 229079 145347 2872064 6733767 83410 63170 3184553 6942284 X 30860747 31418231 264884 73522 31125631 31491753 34310184 38434037 351122 15000 0 X X 0 0 0 X 1403312 1067795 6762171 1522091 1595933 12351302 1403312 1067795 6762171 1522091 1595933 12351302 12351302 381948 427852 342027 326891 594320 2073038 1691410 2006724 1484838 1599888 1898126 8680986 23105326 0.53460 0.61670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1276723 1276723 27773054 3640919 24132135 83081 83081 0 588427 479257 109170 25518028 ACCRUED WAGES 47426 ACCRUED INTEREST 20 OTHER CURRENT LIABILITIES 15134 SALES TAX PAYABLE 590 63170 3898290 0 3898290 190090 190090 4088380 3737258 0 3737258 0 3737258 PART XI, LINE 4B - OTHER ADJUSTMENTS: RELATED PARTY REVENUES 190,090. X 0 0 0 0 0 0 0 0 0 TERRY TRUITT PRESIDENT 154875 0 13500 0 14103 0 0 0 0 0 182478 0 0 0 0 BARBARA ALDER BOARD MEMBER AND CHAIR OF FLAGSHIP ENTERPRISE CAPITAL BOARD 0 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