Nonprofit · EIN 63-1045752
SHOALS ENTREPRENEURIAL CENTER INC
Tax-exempt · FLORENCE, AL 35630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $432,709 | $497,759 | -$65,050 | $1,625,917 | $55,762 | $1,570,155 |
| December 31, 2024 | 990 | $825,325 | $492,212 | $333,113 | $1,685,284 | $50,079 | $1,635,205 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $348,830
- Investment income
- $43,812
- Other revenue
- $35,067
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $131,951
- Other salaries and wages
- $23,058
- Salaries, compensation and benefits (total)
- $203,265
- Professional fundraising fees
- $0
- Legal fees
- $5,200
- Accounting fees
- $7,750
- Occupancy
- $12,000
- Depreciation
- $44,616
- Program services (functional)
- $386,939
- Management and general (functional)
- $110,820
Balance sheet and other
- Total assets, start of year
- $1,685,284
- Total assets, end of year
- $1,625,917
- Total liabilities, end of year
- $55,762
- Net assets, end of year
- $1,570,155
- Land, buildings and equipment
- $537,022
- Publicly traded securities
- $493,468
- Net assets without donor restrictions
- $1,345,361
- Net assets with donor restrictions
- $224,794
- Gross receipts
- $432,709
- Employees
- 2
- Year formed
- 1989
- State of legal domicile
- AL
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILES MCDANIEL | SECRETARY EXEC DIRECTOR Officer | 40 | $131,951 |
| JAN INGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAUGHTRY PERRITT | VICE CHAIRMAN Trustee or director | 3 | $0 |
| DAVID MUHLENDORF | BOARD MEMBER EMERITUS Trustee or director | 1 | $0 |
| LARRY MCCOY | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIZABETH MCKINNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| KIMBERLY HUGHSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAKE JACOBS | BOARD MEMBER Trustee or director | 1 | $0 |
| BUD WARD | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER BENNETCH | BOARD MEMBER Trustee or director | 2 | $0 |
| REBECCA HOVATER | PAST CHAIRMAN Officer | 4 | $0 |
| GREG CARNES | TREASURER Officer | 3 | $0 |
| WILL DIVER | CHAIRMAN Officer | 5 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILES MCDANIEL | SECRETARY EXEC DIRECTOR Officer | 40 | $127,650 |
| JAN INGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAUGHTRY PERRITT | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY MCCOY | BOARD MEMBER Trustee or director | 2 | $0 |
| ELIZABETH MCKINNEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK LINDER | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG CARNES | BOARD MEMBER Trustee or director | 1 | $0 |
| JAKE JACOBS | BOARD MEMBER Trustee or director | 1 | $0 |
| BUD WARD | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER BENNETCH | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID MUHLENDORF | TREASURER Officer | 5 | $0 |
| REBECCA HOVATER | CHAIRMAN OF BOARD Officer | 4 | $0 |
| WILL DIVER | VICE CHAIRMAN Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 3115 NORTHINGTON COURT, FLORENCE, AL 35630-6353
- In care of
- % GILES MCDANIEL
- Signed the 990
- GILES MCDANIEL, SECRETARY
- Phone
- (256) 760-9014
- Website
- SHOALSBUSINESSINCUBATOR.COM
- Return prepared by
- STACK AND BLAIR LLC
Mission
PROVIDING NEW DEVELOPMENT STAGE SMALL BUSINESS WITH FACILITIES AND SUPPORT DURING DEVELOPMENT PERIOD START UP.
Program accomplishments
- PROVIDING NEW DEVELOPMENT STAGE SMALL BUSINESS FACILITIES TO SERVE AS AN INCUBATOR FOR THE BUSINESS PROVIDING ADMINISTRATIVE, MANAGEMENT, FINANCIAL AND TECHNICAL SUPPORT.Expenses $386,939
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 63-1045752
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $1,625,917
- Income (IRS master file)
- $432,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $432,709 | $497,759 | $1,625,917 | XML |
| 990 | December 2024 | $825,325 | $492,212 | $1,685,284 | XML |
| 990 | December 2022 | $375,969 | $431,071 | $1,114,188 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 63-1045752).
Questions about SHOALS ENTREPRENEURIAL CENTER INC
- What is the EIN of SHOALS ENTREPRENEURIAL CENTER INC?
- The employer identification number (EIN) of SHOALS ENTREPRENEURIAL CENTER INC is 63-1045752.
- Is SHOALS ENTREPRENEURIAL CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to SHOALS ENTREPRENEURIAL CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHOALS ENTREPRENEURIAL 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 SHOALS ENTREPRENEURIAL CENTER INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHOALS ENTREPRENEURIAL CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of SHOALS ENTREPRENEURIAL CENTER INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $131,951 (GILES MCDANIEL, SECRETARY EXEC DIRECTOR).
- How much revenue does SHOALS ENTREPRENEURIAL CENTER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $432,709, expenses of $497,759 and total assets of $1,625,917 at year end.
Other nonprofits in FLORENCE
- HOMELESS CARE COUNCIL OF NORTHWEST ALABAMA INC EIN 46-3709521 · last filed 990-EZ for 2025
- BERMUDA COLLECTERS SOCIETY EIN 94-3189033 · last filed 990-N for 2024
- UNIVERSITY OF NO ALA FOUNDATION EIN 63-0814488 · last filed 990 for 2025
- SCOPE 310 AUTHORITY EIN 63-1048330 · last filed 990 for 2025
- EL REPOSO NURSING FACILITY EIN 63-0363468 · last filed 990 for 2025
- HERITAGE CHRISTIAN UNIVERSITY EIN 23-7013287 · last filed 990 for 2025
- COMMUNITY ACTION AGENCY OF NORTHWEST ALABAMA INC EIN 63-0505905 · last filed 990 for 2025
- THE CHARLIE & MOLL ANDERSON FOUNDATION EIN 62-1795976 · last filed 990-PF for 2025