Shoals Entrepreneurial Center Inc

Florence, AL
Tax-exempt since March 1992
EIN: 63-1045752

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Type of Nonprofit

Designated as a 501(c)(3) 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: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Revenue

$825k (2024)

Expenses

$492k (2024)

Total Assets

$1.69M (2024)

Total Liabilities

$50.1k (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings 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.

Fiscal Year Ending Dec.
2024

Revenue

$825,325

Expenses

$492,212

Net Income

$333,113

Net Assets

$1,635,205

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$425,000	51.5%
Program Services	$348,364	42.2%
Investment Income	$34,686	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,275	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$127,650	25.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$31,582	6.4%

Assets/Debt
Total Assets	$1,685,284
Total Liabilities	$50,079
Net Assets	$1,635,205

Compensation

Key Employees and Officers	Compensation	Related	Other
Giles Mcdaniel (Secretary Exec Director)	$127,650	$0	$0
Jan Ingle (Board Member)	$0	$0	$0
Daughtry Perritt (Board Member)	$0	$0	$0
Larry Mccoy (Board Member)	$0	$0	$0
Elizabeth Mckinney (Board Member)	$0	$0	$0
Mark Linder (Board Member)	$0	$0	$0
Greg Carnes (Board Member)	$0	$0	$0
Jake Jacobs (Board Member)	$0	$0	$0
Bud Ward (Board Member)	$0	$0	$0
Jennifer Bennetch (Board Member)	$0	$0	$0
David Muhlendorf (Treasurer)	$0	$0	$0
Rebecca Hovater (Chairman Of Board)	$0	$0	$0
Will Diver (Vice Chairman)	$0	$0	$0

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990

Filed on Oct. 3, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$375,969

Expenses

$431,071

Net Income

-$55,102

Net Assets

$1,066,948

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$105,000	27.9%
Program Services	$324,852	86.4%
Investment Income	$23,065	6.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$76,948

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,060	27.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,836	9.9%

Assets/Debt
Total Assets	$1,114,188
Total Liabilities	$47,240
Net Assets	$1,066,948

Compensation

Key Employees and Officers	Compensation	Related	Other
Giles Mcdaniel (Secretary Exec Director)	$120,060	$0	$0
Greg Carnes (Board Member)	$0	$0	$0
Mark Linder (Board Member)	$0	$0	$0
Scott Haataja (Vice Chairman)	$0	$0	$0
Bud Ward (Board Member)	$0	$0	$0
Will Diver (Board Member)	$0	$0	$0
Mckinney (Board Member)	$0	$0	$0
Daughtry Perritt (Board Member)	$0	$0	$0
Larry Mccoy (Board Member)	$0	$0	$0
Jan Ingles (Past Chair)	$0	$0	$0
Rebecca Hovater (Chairman Of Board)	$0	$0	$0
David Muhlendorf (Treasurer)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$413,716

Expenses

$433,039

Net Income

-$19,323

Net Assets

$1,122,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$102,380	24.7%
Program Services	$282,451	68.3%
Investment Income	$27,296	6.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,589	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$122,572	28.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$57,000	13.2%

Assets/Debt
Total Assets	$1,176,717
Total Liabilities	$54,667
Net Assets	$1,122,050

Compensation

Key Employees and Officers	Compensation	Related	Other
Giles Mcdaniel (Secretary Exec Director)	$122,572	$0	$0
Mark Linder (Board Member)	$0	$0	$0
Elizabeth Mckinney (Board Member)	$0	$0	$0
Rebecca Hovater (Board Member)	$0	$0	$0
Will Diver (Board Member)	$0	$0	$0
Scott Haataja (Vice Chairman)	$0	$0	$0
Harold Lewis (Board Member)	$0	$0	$0
Larry Mccoy (Board Member)	$0	$0	$0
Greg Carnes (Past Chair)	$0	$0	$0
Jan Ingle (Chairman Of Board)	$0	$0	$0
David Muhlendorf (Treasurer)	$0	$0	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$550,072

Expenses

$567,617

Net Income

-$17,545

Net Assets

$1,141,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$284,654	51.7%
Program Services	$249,864	45.4%
Investment Income	$8,540	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,014	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$125,222	22.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$74,145	13.1%

Assets/Debt
Total Assets	$1,188,009
Total Liabilities	$46,635
Net Assets	$1,141,374

Compensation

Key Employees and Officers	Compensation	Related	Other
Giles Mcdaniel (Secretary Exec Director)	$125,222	$0	$0
Mark Linder (Board Member)	$0	$0	$0
Nancy Sanford (Board Member)	$0	$0	$0
Rebecca Hovater (Board Member)	$0	$0	$0
Will Diver (Board Member)	$0	$0	$0
Scott Haataja (Board Member)	$0	$0	$0
Elizabeth Mckinney (Board Member)	$0	$0	$0
Harold Lewis (Board Member)	$0	$0	$0
Larry Mccoy (Board Member)	$0	$0	$0
Greg Carnes (Past Chair)	$0	$0	$0
Jan Ingle (Chairman Of Board)	$0	$0	$0
David Muhlendorf (Treasurer)	$0	$0	$0

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990

Filed on Aug. 20, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$619,581

Expenses

$667,387

Net Income

-$47,806

Net Assets

$1,158,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$322,784	52.1%
Program Services	$285,888	46.1%
Investment Income	$5,343	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,566	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$107,397	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$77,079	11.5%

Assets/Debt
Total Assets	$1,285,128
Total Liabilities	$126,209
Net Assets	$1,158,919

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$610,517

Expenses

$696,161

Net Income

-$85,644

Net Assets

$1,206,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$305,186	50.0%
Program Services	$293,654	48.1%
Investment Income	$5,809	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,868	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$112,874	16.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$81,911	11.8%

Assets/Debt
Total Assets	$1,262,819
Total Liabilities	$56,094
Net Assets	$1,206,725

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$598,176

Expenses

$665,250

Net Income

-$67,074

Net Assets

$1,292,369

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$328,481	54.9%
Program Services	$255,938	42.8%
Investment Income	$2,435	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,322	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,600	16.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$80,514	12.1%

Assets/Debt
Total Assets	$1,353,669
Total Liabilities	$61,300
Net Assets	$1,292,369

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$390,750

Expenses

$527,718

Net Income

-$136,968

Net Assets

$1,359,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$130,757	33.5%
Program Services	$259,588	66.4%
Investment Income	$1,900	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	-$1,495

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,600	21.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,346	15.0%

Assets/Debt
Total Assets	$1,478,062
Total Liabilities	$118,622
Net Assets	$1,359,440

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$406,637

Expenses

$504,695

Net Income

-$98,058

Net Assets

$1,496,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$122,565	30.1%
Program Services	$275,245	67.7%
Investment Income	$2,242	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,585	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,075	21.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$76,425	15.1%

Assets/Debt
Total Assets	$1,529,956
Total Liabilities	$33,551
Net Assets	$1,496,405

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$357,064

Expenses

$458,748

Net Income

-$101,684

Net Assets

$1,232,736

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$60,413	16.9%
Program Services	$287,175	80.4%
Investment Income	$2,662	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$557	0.2%
Other Revenue	$6,257	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,100	24.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$75,147	16.4%

Assets/Debt
Total Assets	$1,335,009
Total Liabilities	$102,273
Net Assets	$1,232,736

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Revenue

$356,108

Expenses

$471,247

Net Income

-$115,139

Net Assets

$1,334,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$87,351	24.5%
Program Services	$259,013	72.7%
Investment Income	$4,069	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$2,409
Other Revenue	$8,084	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$108,401	23.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,438,442
Total Liabilities	$104,020
Net Assets	$1,334,422

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$348,333

Expenses

$469,426

Net Income

-$121,093

Net Assets

$1,449,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$71,934	20.7%
Program Services	$256,157	73.5%
Investment Income	$5,689	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,553	4.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$108,401	23.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,373	16.9%

Assets/Debt
Total Assets	$1,551,464
Total Liabilities	$101,903
Net Assets	$1,449,561

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$392,209

Expenses

$475,778

Net Income

-$83,569

Net Assets

$1,570,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$67,806	17.3%
Program Services	$304,884	77.7%
Investment Income	$9,049	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,470	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$107,254	22.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$74,636	15.7%

Assets/Debt
Total Assets	$1,676,796
Total Liabilities	$106,142
Net Assets	$1,570,654

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

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Updated December 22, 2025

Shoals Entrepreneurial Center Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $825k (2024)

Expenses $492k (2024)

Total Assets $1.69M (2024)

Total Liabilities $50.1k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$825k (2024)

Expenses

$492k (2024)

Total Assets

$1.69M (2024)

Total Liabilities

$50.1k (2024)

Fiscal Year Ending Dec.
2024

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2022

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2021

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2019

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Fiscal Year Ending Dec.
2016

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Fiscal Year Ending Dec.
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2013

Fiscal Year Ending Dec.
2012

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Fiscal Year Ending Sept.
2001