2025-02-19T08:31:27-06:00 2024-05-31 350905017 WHITINGER & COMPANY LLC 10735 SKY PRAIRIE STREET SUITE 100 FISHERS IN 46038 990 2023-06-01 813693405 FLAGSHIP ENTERPRISE CAPITAL INC FLAG 7656220800 2705 ENTERPRISE DRIVE ANDERSON IN 46013 ADAM HOEKSEMA CEO 7656220400 2025-02-12 1 0 JOHN P KANE CPA P00081364 3178416009 2025-02-12 2023 2025-03-06 01:10:19Z ADAM HOEKSEMA 2705 ENTERPRISE DRIVE ANDERSON IN 46013 767074 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. 6 6 0 0 0 0 353000 650000 6532 7808 81084 109266 0 0 440616 767074 0 0 0 0 73713 57888 0 0 0 286711 418015 360424 475903 80192 291171 1640945 1931090 488972 496874 1151973 1434216 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 421167 117074 IN THE FISCAL YEAR ENDING MAY 31, 2024, FLAGSHIP ENTERPRISE CAPITAL CLOSED 25 NEW LOANS. OF THESE LOANS, 9 WERE DISBURSED TO MINORITIES, 5 TO WOMEN-OWNED BUSINESSES, 1 TO VETERANS, 10 TO START-UP ENTERPRISES, AND 1 TO LOW-INCOME BUSINESSES. ADDITIONALLY, FLAGSHIP ENTERPRISE CAPITAL PROVIDED 488 HOURS OF TECHNICAL ASSISTANCE TO ITS CLIENTS. 421167 1 1 0 0 0 0 0 0 0 0 0 0 0 1 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 6 6 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 X BARBARA ALDER CHAIRMAN 1.50 X X 0 0 0 WILLIAM BIRDSONG DIRECTOR 0.50 X 0 0 0 ANNETTE PHILLIPS 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 650000 650000 MICROLOAN INCOME 522291 7808 7808 7808 109266 109266 767074 117074 0 0 57888 57888 14991 14991 9299 9299 14 14 99907 99458 449 27513 27513 8342 8342 11783 11783 BAD DEBTS 133441 133441 LOAN FEES 83182 83182 CONSULTING 25000 25000 BANK CHARGES 2504 2504 2039 2039 475903 421167 54736 0 404767 367335 4810 8805 1223228 1344904 8140 9309 0 200737 1640945 1931090 28586 379339 232657 109633 235631 488972 496874 X 1051973 1434216 100000 0 1151973 1434216 1640945 1931090 291171 -8928 0 X X 0 0 0 X 220000 390000 655851 353000 650000 2268851 220000 390000 655851 353000 650000 2268851 2268851 34750 42387 69254 81070 109252 336713 10457 11857 14393 6546 7822 51075 2656639 0.85400 0.84990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OPERATING LEASE RIGHT-OF-USE ASSET 200737 200737 ACCRUED INTEREST 376 LOANS PAYABLE - FLAGSHIP ENTERPRISE CENTER 29841 OPERATING LEASE LIABILITIES 205414 235631 767074 0 767074 0 767074 285813 0 285813 190090 190090 475903 PART XII, LINE 4B - OTHER ADJUSTMENTS: RELATED PARTY EXPENSES 190,090. 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