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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$4.1M
Program Spending
79%
of total expenses go to program services
Total Contributions
$1.6M
Total Expenses
▼$3.7M
Total Assets
$38.4M
Total Liabilities
▼$6.9M
Net Assets
$31.5M
Officer Compensation
→N/A
Other Salaries
$1.3M
Investment Income
$594.3K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$11.5M
Awards Found
18
Small Business Administration
$1.5M
TRAINING AND TECHNICAL ASSISTANCE TO BANKABLE MICROLOAN PROGRAM BORROWERS AND PROSPECTIVE BORROWERS
Small Business Administration
$808.5K
FLAGSHIP ENTERPRISE CENTER, INC., IN THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$804.6K
FLAGSHIP ENTERPRISE CENTER, INC. DBA BANKABLE - IN
Small Business Administration
$773.9K
TECHNICAL ASSISTANCE FOR BANKABLE CLIENTS
Small Business Administration
$736.2K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$645K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Small Business Administration
$610.8K
FLAGSHIP ENTERPRISE CENTER INC. - IN
Small Business Administration
$543.6K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$406.1K
MICROLOAN PROGRAM ? TECHNICAL ASSISTANCE
Small Business Administration
$250K
FLAGSHIP ENTERPRISE CENTER - IN - FY 23 PRIME TECHNICAL ASSISTANCE
Small Business Administration
$101.2K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Small Business Administration
$62.7K
MICROLOAN TECHNICAL ASSISTANCE PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $7M | No | 2025-11-01 |
| 2024 | Clean | Unmodified (Clean) | $13.1M | Yes | 2025-07-22 |
| 2023 | Clean | Unmodified (Clean) | $13.5M | Yes | 2023-10-23 |
| 2022 | Clean | Unmodified (Clean) | $28.7M | Yes | 2022-10-16 |
| 2021 | Clean | Unmodified (Clean) | $28M | Yes | 2022-05-15 |
| 2020 | Clean | Unmodified (Clean) | $21.7M | Yes | 2020-09-23 |
| 2019 | Clean | Unmodified (Clean) | $12.9M | Yes | 2019-10-27 |
| 2018 | Clean | Unmodified (Clean) | $10.9M | Yes | 2018-10-29 |
| 2017 | Clean | Unmodified (Clean) | $9.2M | No | 2017-11-08 |
| 2016 | Clean | Unmodified (Clean) | $5.3M | No | 2016-10-09 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$13.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$13.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$28.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$28M
Financial Report
Unmodified (Clean)
Federal Expenditure
$21.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$12.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$10.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.3M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $4.1M | $1.6M | $3.7M | $38.4M | $31.5M |
| 2022IRS e-File | $3.4M | $1.5M | $3.4M | $34.3M | $31.1M |
| 2021 | $3.5M | $1.1M | $2.6M | $43.8M | $25.1M |
| 2020 | $3.5M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Dan Courtney | Treasurer | 0.5 | $0 | $0 | $0 | $0 |
| Tim Lanane | Chair | 1.5 | $0 | $0 | $0 | $0 |
| Stephanie Moran | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| David Eicks | Secretary | 0.5 | $0 | $0 | $0 | $0 |
Dan Courtney
Treasurer
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Tim Lanane
Chair
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Stephanie Moran
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Eicks
Secretary
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Terry Truitt | President | 40 | $182.5K | $0 | $0 | $182.5K |
Terry Truitt
President
$182.5K
Hrs/Wk
40
Compensation
$182.5K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Doug Whitham | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jack Keesling | Director | 0.5 | $0 | $0 | $0 | $0 |
| Jon Adams | Director | 0.5 | $0 | $0 | $0 | $0 |
| Leila Kelly | Director | 0.5 | $0 | $0 | $0 | $0 |
| Mike Barker | Director | 0.5 | $0 | $0 | $0 | $0 |
| Suahi Housholder | Director | 0.5 |
Doug Whitham
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jack Keesling
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Jon Adams
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $1.4M |
| $3M |
| $38.8M |
| $24.2M |
| 2019 | -$34.6K | $951K | $3.1M | $29.3M | $23.7M |
| 2018 | $2.5M | $424.5K | $2.8M | $32.8M | $26.8M |
| 2017 | $11M | $9.6M | $2.5M | $34.6M | $27.1M |
| 2015 | $1.8M | $1.1M | $1.4M | $12.6M | $8.4M |
| 2014 | $2M | $1.3M | $1.3M | $11.6M | $8M |
| 2013 | $2.2M | $1.6M | $1.4M | $10.7M | $7.3M |
| 2012 | $1.8M | $1M | $1.3M | $9.3M | $6.5M |
| 2011 | $4.6M | $3.8M | $1.1M | $9.1M | $6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Terri Austin | Director | 0.5 | $0 | $0 | $0 | $0 |
Leila Kelly
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Mike Barker
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Suahi Housholder
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Terri Austin
Director
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0