Nonprofit · EIN 04-3732583
FLAGSHIP ENTERPRISE CENTER INC
Tax-exempt · ANDERSON, IN 46013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $3,702,475 | $4,209,065 | -$506,590 | $38,573,905 | $7,588,742 | $30,985,163 |
| May 31, 2024 | 990 | $4,088,380 | $3,737,258 | $351,122 | $38,434,037 | $6,942,284 | $31,491,753 |
| May 31, 2023 | 990 | $3,448,869 | $3,395,547 | $53,322 | $34,310,184 | $3,184,553 | $31,125,631 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $915,890
- of which government grants
- $627,743
- Program service revenue
- $1,852,279
- Investment income
- $931,955
- Other revenue
- $2,351
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,588,679
- Salaries, compensation and benefits (total)
- $1,853,460
- Professional fundraising fees
- $0
- Legal fees
- $894
- Accounting fees
- $35,949
- Occupancy
- $632,703
- Travel
- $21,027
- Depreciation
- $515,588
- Program services (functional)
- $3,273,266
- Management and general (functional)
- $935,799
Balance sheet and other
- Total assets, start of year
- $38,434,037
- Total assets, end of year
- $38,573,905
- Total liabilities, end of year
- $7,588,742
- Net assets, end of year
- $30,985,163
- Land, buildings and equipment
- $25,423,694
- Net assets without donor restrictions
- $30,985,163
- Gross receipts
- $3,702,475
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2005
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY TRUITT | PRESIDENT Highest-paid employee | 40 | $182,785 |
| TIM LANANE | CHAIR Trustee or director, Officer | 1.5 | $0 |
| STEPHANIE MORAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID EICKS | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAN COURTNEY | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| DOUG WHITHAM | TREASURER Trustee or director | 0.5 | $0 |
| LEILA KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRI AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE BARKER | DIRECTOR Trustee or director | 0.5 | $0 |
| JON ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| JACK KEESLING | DIRECTOR Trustee or director | 0.5 | $0 |
| SUAHIL HOUSHOLDER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY TRUITT | PRESIDENT Highest-paid employee | 40 | $182,478 |
| TIM LANANE | CHAIR Trustee or director, Officer | 1.5 | $0 |
| STEPHANIE MORAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID EICKS | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAN COURTNEY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| DOUG WHITHAM | DIRECTOR Trustee or director | 0.5 | $0 |
| LEILA KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRI AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE BARKER | DIRECTOR Trustee or director | 0.5 | $0 |
| JON ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| JACK KEESLING | DIRECTOR Trustee or director | 0.5 | $0 |
| SUAHI HOUSHOLDER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended May 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY TRUITT | PRESIDENT Highest-paid employee | 40 | $154,393 |
| DENNIS CARROLL | CHAIR Trustee or director, Officer | 1.5 | $0 |
| TIM LANANE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID EICKS | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| DAN COURTNEY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| BARBARA ALDER | DIRECTOR Trustee or director | 0.5 | $0 |
| LEILA KELLY | DIRECTOR Trustee or director | 0.5 | $0 |
| TERRI AUSTIN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE BARKER | DIRECTOR Trustee or director | 0.5 | $0 |
| JON ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| JACK KEESLING | DIRECTOR Trustee or director | 0.5 | $0 |
| STEPHANIE MORAN | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2705 ENTERPRISE DR, ANDERSON, IN 46013-9670
- Principal officer (990 for 2024)
- TERRY TRUITT, 2705 ENTERPRISE DRIVE, ANDERSON, IN 46013
- Signed the 990
- TERRY TRUITT, PRESIDENT & CEO
- Phone
- (765) 622-0400
- Website
- FLAGSHIPENTERPRISE.ORG
- Return prepared by
- WHITINGER & COMPANY LLC
Mission
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.
Program accomplishments
- IN THE FISCAL YEAR ENDING MAY 31, 2025, FLAGSHIP ENTERPRISE CENTER LEASED 196,000 SQUARE FEET OF OFFICE, LAB, AND INDUSTRIAL SPACE TO GROWING COMPANIES INVOLVED IN RESEARCH AND DEVELOPMENT, MANUFACTURING, AND ENGINEERING. THE CENTER CLOSED 167 REGULAR SMALL BUSINESS LOANS DURING THE FISCAL YEAR. OF THESE LOANS, 71 WERE DISBURSED TO MINORITIES, 91 TO WOMEN, 19 TO VETERANS, 70 TO START-UP ENTERPRISES, AND 82 TO LOW-INCOME BUSINESSES. ADDITIONALLY, FLAGSHIP ENTERPRISE CENTER PROVIDED 6,276 HOURS OF TECHNICAL ASSISTANCE TO ITS CLIENTS.Expenses $3,273,266 · revenue $1,854,630
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3732583
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $38,573,905
- Income (IRS master file)
- $3,702,475
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $3,702,475 | $4,209,065 | $38,573,905 | XML |
| 990 | May 2024 | $4,088,380 | $3,737,258 | $38,434,037 | XML |
| 990 | May 2023 | $3,448,869 | $3,395,547 | $34,310,184 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3732583).
Questions about FLAGSHIP ENTERPRISE CENTER INC
- What is the EIN of FLAGSHIP ENTERPRISE CENTER INC?
- The employer identification number (EIN) of FLAGSHIP ENTERPRISE CENTER INC is 04-3732583.
- Is FLAGSHIP ENTERPRISE CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FLAGSHIP ENTERPRISE CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FLAGSHIP ENTERPRISE CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FLAGSHIP ENTERPRISE CENTER INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FLAGSHIP ENTERPRISE CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FLAGSHIP ENTERPRISE CENTER INC?
- The 990 for the year ended May 31, 2025 names TERRY TRUITT.
- Who are the officers and directors of FLAGSHIP ENTERPRISE CENTER INC?
- The 990 for the year ended May 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $182,785 (TERRY TRUITT, PRESIDENT).
- How much revenue does FLAGSHIP ENTERPRISE CENTER INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $3,702,475, expenses of $4,209,065 and total assets of $38,573,905 at year end.
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All nonprofits in ANDERSON · Indiana · Community improvement and capacity building