Flagship Enterprise Center Inc
Organization summary
Type of Nonprofit
Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category: Community Improvement, Capacity Building / Economic Development (NTEE)
Donations to this organization are tax deductible.
Details
According to its May 2024 tax filing, this nonprofit:
Summary charts: organization finances over time
Revenue $4.09M (2024)
Expenses $3.74M (2024)
Total Assets $38.4M (2024)
Total Liabilities $6.94M (2024)
Tax Filings and Audits by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.
Fiscal Year Ending May
2024
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,595,933 |
39.0%
|
| Program Services | $1,882,444 |
46.0%
|
| Investment Income | $594,320 |
14.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $15,683 |
0.4%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,347,610 |
36.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $38,434,037 | |
| Total Liabilities | $6,942,284 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Terry Truitt (President) | $182,478 | $0 | $0 |
| Tim Lanane (Chair) | $0 | $0 | $0 |
| Stephanie Moran (Vice Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Feb. 19, 2025Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2023
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,522,091 |
44.1%
|
| Program Services | $1,593,683 |
46.2%
|
| Investment Income | $326,891 |
9.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $6,204 |
0.2%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,081,732 |
31.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $34,310,184 | |
| Total Liabilities | $3,184,553 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Terry Truitt (President) | $154,393 | $0 | $0 |
| Dennis Carroll (Chair) | $0 | $0 | $0 |
| Tim Lanane (Vice Chair) | $0 | $0 | $0 |
Document Links
990
Filed on March 11, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2022
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $6,762,171 |
78.7%
|
| Program Services | $1,439,054 |
16.8%
|
| Investment Income | $342,027 |
4.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$5,169 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $50,953 |
0.6%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,082,027 |
41.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $36,311,474 | |
| Total Liabilities | $5,224,165 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Terry Truitt (President) | $164,465 | $0 | $0 |
| Dennis Carroll (Chair) | $0 | $0 | $0 |
| Tim Lanane (Vice Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Dec. 1, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2021
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,067,794 |
30.5%
|
| Program Services | $1,997,718 |
57.0%
|
| Investment Income | $427,852 |
12.2%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $9,006 |
0.3%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,018,682 |
38.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $43,787,383 | |
| Total Liabilities | $18,661,452 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Terry Truitt (President) | $159,038 | $0 | $0 |
| Dennis Carroll (Chair) | $0 | $0 | $0 |
| Tim Lanane (Vice Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 23, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2020
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,403,312 |
40.4%
|
| Program Services | $1,684,146 |
48.4%
|
| Investment Income | $381,948 |
11.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$3,984 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $11,248 |
0.3%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $0 | |
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $1,140,625 |
38.6%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $38,817,581 | |
| Total Liabilities | $14,573,433 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Terry Truitt (President) | $161,564 | $0 | $0 |
| Dan Courtney (Treasurer) | $20,000 | $0 | $0 |
| Dennis Carroll (Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on Oct. 15, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2019
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $950,950 | |
| Program Services | $955,547 | |
| Investment Income | $702,092 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$2,695,959 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $52,732 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $215,524 |
7.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $993,602 |
32.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $29,284,944 | |
| Total Liabilities | $5,560,277 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Charles E Staley (President) | $110,524 | $0 | $0 |
| Dan Courtney (Director / Interim Ceo) | $105,000 | $0 | $0 |
| Dennis Carroll (Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on Oct. 15, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2018
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $424,488 |
16.9%
|
| Program Services | $944,120 |
37.5%
|
| Investment Income | $642,837 |
25.5%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $468,426 |
18.6%
|
| Net Inventory Sales | $0 | |
| Other Revenue | $37,004 |
1.5%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $179,523 |
6.4%
|
| Professional Fundraising Fees | $1,682 |
0.1%
|
| Other Salaries and Wages | $673,940 |
24.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $32,842,270 | |
| Total Liabilities | $5,996,931 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Charles E Staley (President) | $170,654 | $0 | $0 |
| Dennis Carroll (Chairman) | $0 | $0 | $0 |
| Tim Lanane (Vice Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2017
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $9,620,015 |
87.2%
|
| Program Services | $822,193 |
7.4%
|
| Investment Income | $542,469 |
4.9%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $53,042 |
0.5%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $176,861 |
7.1%
|
| Professional Fundraising Fees | $4,335 |
0.2%
|
| Other Salaries and Wages | $579,814 |
23.3%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $34,614,461 | |
| Total Liabilities | $7,494,303 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Charles E Staley (President) | $176,861 | $0 | $0 |
| James F Ault (Chairman) | $0 | $0 | $0 |
| Tim Lanane (Vice Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on June 12, 2018Primary tax return for a nonprofit’s activities, finances, and governance
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2016
No Extracted Financial Data
Form 990 documents are not available for this tax period, but audit documents are available for download.
Document Links
Audit
Audit for an entity that spends $750,000+ in federal grant money in a fiscal year
Fiscal Year Ending May
2015
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,136,484 |
61.5%
|
| Program Services | $604,472 |
32.7%
|
| Investment Income | $106,894 |
5.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $168,577 |
11.7%
|
| Professional Fundraising Fees | $1,900 |
0.1%
|
| Other Salaries and Wages | $179,569 |
12.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $12,621,427 | |
| Total Liabilities | $4,198,591 |
Other
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Charles E Staley (President) | $103,657 | $0 | $0 |
| James F Ault (Chairman) | $0 | $0 | $0 |
| Jason Fenwick (Vice Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on Feb. 5, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2014
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,263,883 |
63.2%
|
| Program Services | $708,650 |
35.4%
|
| Investment Income | $36,516 |
1.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$8,309 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $145,767 |
11.0%
|
| Professional Fundraising Fees | $100 |
0.0%
|
| Other Salaries and Wages | $161,391 |
12.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $11,565,231 | |
| Total Liabilities | $3,549,130 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2013
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,590,094 |
71.1%
|
| Program Services | $624,258 |
27.9%
|
| Investment Income | $22,571 |
1.0%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$884 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $135,942 |
9.6%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $114,644 |
8.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $10,730,057 | |
| Total Liabilities | $3,392,707 |
Document Links
990
Filed on Jan. 8, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2012
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,049,877 |
57.7%
|
| Program Services | $756,338 |
41.5%
|
| Investment Income | $14,269 |
0.8%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $146,174 |
11.1%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $107,228 |
8.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $9,288,399 | |
| Total Liabilities | $2,775,289 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2011
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $3,824,330 |
83.6%
|
| Program Services | $737,849 |
16.1%
|
| Investment Income | $12,361 |
0.3%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 |
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $167,246 |
15.0%
|
| Professional Fundraising Fees | $31 |
0.0%
|
| Other Salaries and Wages | $113,909 |
10.2%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $9,074,439 | |
| Total Liabilities | $3,065,862 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2010
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2009
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2008
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2007
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2006
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2005
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2004
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending May
2003
No Extracted Financial Data
Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
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