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.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All 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
2026

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending May
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,702,475
Expenses
$4,209,065
Net Income
-$506,590
Net Assets
$30,985,163
Notable Sources of Revenue Percent of Total Revenue
Contributions $915,890
24.7%
Program Services $1,852,279
50.0%
Investment Income $931,955
25.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,351
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,588,679
37.7%
Assets/Debt
Total Assets $38,573,905
Total Liabilities $7,588,742
Net Assets $30,985,163
Compensation
Key Employees and Officers Compensation Related Other
Terry Truitt (President) $182,785 $0 $0
Tim Lanane (Chair) $0 $0 $0
Stephanie Moran (Vice Chair) $0 $0 $0
David Eicks (Secretary) $0 $0 $0
Dan Courtney (Director) $0 $0 $0
Doug Whitham (Treasurer) $0 $0 $0
Leila Kelly (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Suahil Housholder (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,088,380
Expenses
$3,737,258
Net Income
$351,122
Net Assets
$31,491,753
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
Net Assets $31,491,753
Other
Reported conflict of interest transactions
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
David Eicks (Secretary) $0 $0 $0
Dan Courtney (Treasurer) $0 $0 $0
Doug Whitham (Director) $0 $0 $0
Leila Kelly (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Suahi Housholder (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,448,869
Expenses
$3,395,547
Net Income
$53,322
Net Assets
$31,125,631
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
Net Assets $31,125,631
Other
Reported conflict of interest transactions
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
David Eicks (Secretary) $0 $0 $0
Dan Courtney (Treasurer) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
Leila Kelly (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Stephanie Moran (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,589,036
Expenses
$2,627,658
Net Income
$5,961,378
Net Assets
$31,087,309
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
Net Assets $31,087,309
Other
Reported conflict of interest transactions
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
Mary Jamerson (Secretary) $0 $0 $0
Dan Courtney (Treasurer) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
Leila Kelly (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Stephanie Moran (Director) $0 $0 $0
David Eicks (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,502,370
Expenses
$2,620,587
Net Income
$881,783
Net Assets
$25,125,931
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
Net Assets $25,125,931
Other
Reported conflict of interest transactions
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
Mary Jamerson (Secretary) $0 $0 $0
Dan Courtney (Treasurer) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
Brock Vaughters (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Stephanie Moran (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,476,670
Expenses
$2,957,189
Net Income
$519,481
Net Assets
$24,244,148
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
Net Assets $24,244,148
Other
Reported conflict of interest transactions
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
Tim Lanane (Vice Chairman) $0 $0 $0
Mary Jamerson (Secretary) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
Brock Vaughters (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Stephanie Moran (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$34,638
Expenses
$3,086,001
Net Income
-$3,120,639
Net Assets
$23,724,667
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
Net Assets $23,724,667
Other
Reported conflict of interest transactions
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
Tim Lanane (Vice Chairman) $0 $0 $0
Mary Jamerson (Secretary) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
James Ragsdale (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Mike Barker (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Terry Truitt (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,516,875
Expenses
$2,791,694
Net Income
-$274,819
Net Assets
$26,845,339
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
Net Assets $26,845,339
Other
Reported conflict of interest transactions
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
Dr Terry Truitt (Secretary) $0 $0 $0
Osborne Morgan (Treasurer) $0 $0 $0
Mary Jamerson (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
James Ragsdale (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Daniel Courtney (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,037,719
Expenses
$2,489,295
Net Income
$8,548,424
Net Assets
$27,120,158
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
Net Assets $27,120,158
Other
Reported conflict of interest transactions
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
Dr Terry Truitt (Secretary) $0 $0 $0
Osborne Morgan (Treasurer) $0 $0 $0
Mary Jamerson (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0
Barbara Alder (Director) $0 $0 $0
Dana Stuart (Director) $0 $0 $0
Terri Austin (Director) $0 $0 $0
Jack Keesling (Director) $0 $0 $0
Daniel Courtney (Director) $0 $0 $0

Document Links

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

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,847,850
Expenses
$1,441,115
Net Income
$406,735
Net Assets
$8,422,836
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
Net Assets $8,422,836
Other
Reported conflict of interest transactions
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
Dr Terry Truitt (Secretary) $0 $0 $0
Rob Sparks (Director) $0 $0 $0
Barb Alder (Director) $0 $0 $0
Osborne Morgan (Treasurer) $0 $0 $0
Mary Jamerson (Director) $0 $0 $0
Doug Eckerty (Director) $0 $0 $0
Kyle Hupfer (Director) $0 $0 $0
Dana Stuart (Director) $0 $0 $0
Jon Adams (Director) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,000,740
Expenses
$1,327,828
Net Income
$672,912
Net Assets
$8,016,101
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
Net Assets $8,016,101

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,236,039
Expenses
$1,411,799
Net Income
$824,240
Net Assets
$7,337,350
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
Net Assets $7,337,350

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,820,484
Expenses
$1,315,951
Net Income
$504,533
Net Assets
$6,513,110
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
Net Assets $6,513,110

Document Links

Fiscal Year Ending May
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,574,540
Expenses
$1,114,851
Net Income
$3,459,689
Net Assets
$6,008,577
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
Net Assets $6,008,577

Document Links

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

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

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

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

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

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

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

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

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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