Civic Intelligence

Flagship Enterprise Center Inc.

990 • Fiscal year 2018 • EIN 04-3732583

Jun 01, 2017 to May 31, 2018 • Filed on Nov 10, 2018

Organization ProfileFLAGSHIPENTERPRISE.ORG
2685 Enterprise DriveAnderson, IN 46013

(765) 622-0800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.18x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

2.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

13th percentile

-11%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

27th percentile

$170,654

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

17th percentile

-5.1%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-77%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$32,842,270

Down $1,772,191 (-5.1%) from 2017

Net Assets

Down

$26,845,339

Down $274,819 (-1.0%) from 2017

Liabilities

Down

$5,996,931

Down $1,497,372 (-20%) from 2017

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin13th percentile

Revenue

Down

$2,516,875

Down $8,520,844 (-77%) from 2017

Expenses

Up

$2,791,694

Up $302,399 (+12%) from 2017

Net Income

Down

-$274,819

Down $8,823,243 (-103%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $9,074,439Liabilities 2011: $3,065,862Net Assets 2011: $6,008,5772011Assets 2012: $9,288,399Liabilities 2012: $2,775,289Net Assets 2012: $6,513,1102012Assets 2013: $10,730,057Liabilities 2013: $3,392,707Net Assets 2013: $7,337,3502013Assets 2014: $11,565,231Liabilities 2014: $3,549,130Net Assets 2014: $8,016,1012014Assets 2015: $12,621,427Liabilities 2015: $4,198,591Net Assets 2015: $8,422,8362015Assets 2017: $34,614,461Liabilities 2017: $7,494,303Net Assets 2017: $27,120,1582017Assets 2018: $32,842,270Liabilities 2018: $5,996,931Net Assets 2018: $26,845,3392018Assets 2019: $29,284,944Liabilities 2019: $5,560,277Net Assets 2019: $23,724,6672019Assets 2020: $38,817,581Liabilities 2020: $14,573,433Net Assets 2020: $24,244,1482020Assets 2021: $43,787,383Liabilities 2021: $18,661,452Net Assets 2021: $25,125,9312021Assets 2022: $36,311,474Liabilities 2022: $5,224,165Net Assets 2022: $31,087,3092022Assets 2023: $34,310,184Liabilities 2023: $3,184,553Net Assets 2023: $31,125,6312023Assets 2024: $38,434,037Liabilities 2024: $6,942,284Net Assets 2024: $31,491,7532024Assets 2025: $38,573,905Liabilities 2025: $7,588,742Net Assets 2025: $30,985,1632025

Highlighted filing

2018

Assets$32,842,270
Liabilities$5,996,931
Net Assets$26,845,339
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,574,540Expenses 2011: $1,114,851Net Income 2011: $3,459,6892011Expenses 2012: $1,315,9512012Revenue 2013: $2,236,039Expenses 2013: $1,411,799Net Income 2013: $824,2402013Revenue 2014: $2,000,740Expenses 2014: $1,327,828Net Income 2014: $672,9122014Revenue 2015: $1,847,850Expenses 2015: $1,441,115Net Income 2015: $406,7352015Revenue 2017: $11,037,719Expenses 2017: $2,489,295Net Income 2017: $8,548,4242017Revenue 2018: $2,516,875Expenses 2018: $2,791,694Net Income 2018: -$274,8192018Revenue 2019: -$34,638Expenses 2019: $3,086,001Net Income 2019: -$3,120,6392019Revenue 2020: $3,476,670Expenses 2020: $2,957,189Net Income 2020: $519,4812020Revenue 2021: $3,502,370Expenses 2021: $2,620,587Net Income 2021: $881,7832021Revenue 2022: $8,589,036Expenses 2022: $2,627,658Net Income 2022: $5,961,3782022Revenue 2023: $3,448,869Expenses 2023: $3,395,547Net Income 2023: $53,3222023Revenue 2024: $4,088,380Expenses 2024: $3,737,258Net Income 2024: $351,1222024Revenue 2025: $3,702,475Expenses 2025: $4,209,065Net Income 2025: -$506,5902025

Highlighted filing

2018

Revenue$2,516,875
Expenses$2,791,694
Net Income-$274,819
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Nov 10, 2018
Return Version
2017v2.3
Gross Receipts
$5,019,281
Mission and Program Overview

Mission

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.

The flagship enterprise center's mission is to be a premier technological business incubator creating new jobs and contributing 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 in communities and by providing mentoring, networking, business services, educational opportunities and access to capital

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,464,247$19,574,682▼ $2,889,565
Cash and Non-Interest-Bearing Accounts$3,735,354$4,888,305▲ $1,152,951
Other Notes and Loans Receivable, Net$4,479,808$4,860,587▲ $380,779
Intangible Assets$3,076,889$2,845,409▼ $231,480
Savings and Temporary Cash Investments$376,888$381,038▲ $4,150
Accounts Receivable$299,366$250,227▼ $49,139
Pledges and Grants Receivable$88,595$15,000▼ $73,595
Prepaid Expenses and Deferred Charges$5,644$4,178▼ $1,466
Total Assets$34,614,461$32,842,270▼ $1,772,191
Other Assets Total$87,670$22,844▼ $64,826
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,290,911$5,878,196▼ $1,412,715
Accounts Payable and Accrued Expenses$141,857$69,766▼ $72,091
Other Liabilities$61,535$48,969▼ $12,566
Total Liabilities$7,494,303$5,996,931▼ $1,497,372
Net Assets / Fund Balance
Unrestricted Net Assets$27,120,158$26,845,339▼ $274,819
Total Net Assets Fund Balance$27,120,158$26,845,339▼ $274,819
Total Liabilities and Net Assets / Fund Balance$34,614,461$32,842,270▼ $1,772,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,257,699$1,474,543$19,732,242
Equipment$290,260$746,764$1,037,024
Land$1,026,723-$1,026,723
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Charles E StaleyPresidentFT$170,654$170,654

Board Members and Trustees

NameTitle
Dennis CarrollChairman
Tim LananeVice Chairman
Barbara AlderDirector
Daniel CourtneyDirector
Jack KeeslingDirector
James RagsdaleDirector
Jon AdamsDirector
Mary JamersonDirector
Terri AustinDirector
Dr Terry TruittSecretary
Osborne MorganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$424,488
Program Service Revenue
$944,120
Investment Income
$1,111,263
Other Revenue
$37,004
Change in Net Assets
$-274,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,515,375
Revenue Not Reported on Financial Statements
$1,500
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1,500
Total Revenue per Audited Statements
$2,515,375
Total Revenue per Form 990
$2,516,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,826,559
Salaries, Compensation, and Employee Benefits$963,453
Total Fundraising Expense$224,380
Professional Fundraising Fees$1,682
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$710,156--$710,156
Other Salaries and Wages$547,836$126,104-$673,940
Occupancy$260,605$132,337-$392,942
Current Officers, Directors, Trustees, and Key Employees-$8,869$170,654$179,523
Office Expenses$50,468$77,779-$128,247
Interest$121,159--$121,159
All Other Expenses$35,376$23,375$29,828$88,579
Payroll Taxes$46,094$10,559$18,291$74,944
Other Employee Benefits$31,194$3,852-$35,046
Travel$25,015$1,232$3,925$30,172
Fees for Services Legal-$25,678-$25,678
Other Expenses$37,920$24,875-$24,875
Fees for Services Accounting-$14,769-$14,769
Fees for Services Professional Fundraising--$1,682$1,682
Total Functional Expenses$2,088,768$478,546$224,380$2,791,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,791,694
Total Expenses per Audited Statements$2,791,694
Total Expenses per Form 990$2,791,694
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,682
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Daniel CourtneyBoard Member and Contractor/employee of Anderson UniversityAnderson University Is a Vendor of the Flagship.No$64,788
Dr Terry TruittBoard Secretary and Dean of School of Business of Anderson UniversityAnderson University Is a Vendor of the Flagship.No$64,788
James RagsdaleBoard Member and Vice President of Finance of Anderson UniversityAnderson University Is a Vendor of the Flagship.No$64,788
Barbara AlderBoard Member and Chair of Flagship Enterprise Capital BoardFlagship Capital Is a Microloan Lendor, a Related Entity, Prividing Financial Serviced. Some Flagship Capital Clients May, From Time to Tim, Also Be Serviced by the Flagship Enterprise Center.No-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$19,875
Deferred Rent$16,667
Accrued & Withheld Payroll Taxes$7,072
Accrued Interest$5,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive committee (president, board chair, secretary, & treasurer) has been authorized to review the form 990 and provide a report to the board.”

Form 990, Part VI, Section B, Line 12C

“The organization reviews the policy as new officers, directors, and key employees are added (or changed) and reviews existing members, not less than annually.”

Form 990, Part VI, Section B, Line 15

“The annual performance review is completed on the ceo by the executive committee.”

Form 990, Part VI, Section C, Line 19

“With adequate notice, the organization makes its governing documents, related policies, and financial statements available, upon request of the board treasurer.”

Filing and Contact Details

Filer

Filer Name
Flagship Enterprise Center
EIN
04-3732583
Phone
7656220800
Address
2685 ENTERPRISE DRIVE, ANDERSON, IN 46013

Signing Officer

Name
Kyle May
Title
Controller
Phone
7656220800
Signed
2018-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle May
Formed
2005
Legal Domicile
In
Voting Board Members
11
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
J P Kane & Co LLC
Address
7303 QUALITY CIRCLE, ANDERSON, IN 46013-2014
Preparer
John P Kane CPA
Phone
7656401211
Supplemental Narrative

Additional Explanations

PAGE 11, PART XI, LINE 1: OTHER METHOD OF ACCOUNT

“MODIFIED CASH BASIS”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Related party income 1,500.”

Raw XML AppendixShowing 400 of 552 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IntangibleAssetsGrp/EOYAmt02845409
IRS990/InterestGrp/ProgramServicesAmt0121159
IRS990/InterestGrp/TotalAmt0121159
IRS990/InvestmentIncomeGrp/ExclusionAmt0642837
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0642837
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02221307
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022464247
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019574682
IRS990/LandBldgEquipCostOrOtherBssAmt021795989
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02502406
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BE A PREMIER TECHNOLOGICAL BUSINESS INCUBATOR CREATING NEW JOBS AND CONTRIBUTING 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 IN COMMUNITIES AND BY PROVIDING MENTORING, NETWORKING, BUSINESS SERVICES, EDUCATIONAL OPPORTUNITIES AND ACCESS TO CAPITAL
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07290911
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05878196
IRS990/NetAssetsOrFundBalancesBOYAmt027120158
IRS990/NetAssetsOrFundBalancesEOYAmt026845339
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0468426
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0468426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0132337
IRS990/OccupancyGrp/ProgramServicesAmt0260605
IRS990/OccupancyGrp/TotalAmt0392942
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077779
IRS990/OfficeExpensesGrp/ProgramServicesAmt050468
IRS990/OfficeExpensesGrp/TotalAmt0128247
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt087670
IRS990/OtherAssetsTotalGrp/EOYAmt022844
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03852
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031194
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035046
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3IT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029117
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124875
IRS990/OtherExpensesGrp/ProgramServicesAmt0222945
IRS990/OtherExpensesGrp/ProgramServicesAmt137920
IRS990/OtherExpensesGrp/TotalAmt0222945
IRS990/OtherExpensesGrp/TotalAmt137920
IRS990/OtherExpensesGrp/TotalAmt229117
IRS990/OtherExpensesGrp/TotalAmt324875
IRS990/OtherLiabilitiesGrp/BOYAmt061535
IRS990/OtherLiabilitiesGrp/EOYAmt048969
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt037004
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt037004
IRS990/OtherRevenueTotalAmt037004
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126104
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0547836
IRS990/OtherSalariesAndWagesGrp/TotalAmt0673940
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04479808
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04860587
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt018291
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010559
IRS990/PayrollTaxesGrp/ProgramServicesAmt046094
IRS990/PayrollTaxesGrp/TotalAmt074944
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt088595
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05644
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04178
IRS990/PrincipalOfficerNm0KYLE MAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTS & RECOVERIES:CLIENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0944120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0944120
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09620015
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0542469
IRS990/PYOtherExpensesAmt01627504
IRS990/PYOtherRevenueAmt053042
IRS990/PYProgramServiceRevenueAmt0822193
IRS990/PYRevenuesLessExpensesAmt08548424
IRS990/PYSalariesCompEmpBnftPaidAmt0857456
IRS990/PYTotalExpensesAmt02489295
IRS990/PYTotalProfFndrsngExpnsAmt04335
IRS990/PYTotalRevenueAmt011037719
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-274819
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01449550
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0376888
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0381038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0424488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09620016
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt010645975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01136484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01263883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023090846
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0642837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0542469
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0377078
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt091466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036516
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01690366
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01449550
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0875235
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0802637
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0604472
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0700341
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04432235
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79040
IRS990ScheduleA/PublicSupportPY170Pct00.83840
IRS990ScheduleA/PublicSupportTotal170Amt023090846
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0424488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09620016
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt010645975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01136484
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01263883
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023090846
IRS990ScheduleA/TotalSupportAmt029213447
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt018257699
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01474543
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019732242
IRS990ScheduleD/EquipmentGrp/BookValueAmt0290260
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0746764
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01037024
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02791694
IRS990ScheduleD/LandGrp/BookValueAmt01026723
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01026723
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07072
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED & WITHHELD PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01500
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01500
IRS990ScheduleD/RevenueSubtotalAmt02515375
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RELATED PARTY INCOME 1,500.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019574682
IRS990ScheduleD/TotalExpensesPerForm990Amt02791694
IRS990ScheduleD/TotalLiabilityAmt048969
IRS990ScheduleD/TotalRevenuePerForm990Amt02516875
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02515375
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02791694
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES E STALEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170654
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JAMES RAGSDALE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1DR TERRY TRUITT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2DANIEL COURTNEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3BARBARA ALDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER AND VICE PRESIDENT OF FINANCE OF ANDERSON UNIVERSITY

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,842,270
Liabilities
$5,996,931
Net assets
$26,845,339
Revenue
$2,516,875
Expenses
$2,791,694
Net income
-$274,819
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.6$7.59$31.0$3.70$4.21$0.51
2024Detailed filing. Detailed filing data is available for this year.$38.4$6.94$31.5$4.09$3.74$0.35
2023Detailed filing. Detailed filing data is available for this year.$34.3$3.18$31.1$3.45$3.40$0.05
2022Detailed filing. Detailed filing data is available for this year.$36.3$5.22$31.1$8.59$2.63$5.96
2021Detailed filing. Detailed filing data is available for this year.$43.8$18.7$25.1$3.50$2.62$0.88
2020Detailed filing. Detailed filing data is available for this year.$38.8$14.6$24.2$3.48$2.96$0.52
2019Detailed filing. Detailed filing data is available for this year.$29.3$5.56$23.7$0.03$3.09$3.12
2018Detailed filing. Detailed filing data is available for this year.$32.8$6.00$26.8$2.52$2.79$0.27
2017Detailed filing. Detailed filing data is available for this year.$34.6$7.49$27.1$11.0$2.49$8.55
2015Detailed filing. Detailed filing data is available for this year.$12.6$4.20$8.42$1.85$1.44$0.41
2014Summary only. Only limited summary data is available for this year.$11.6$3.55$8.02$2.00$1.33$0.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$3.39$7.34$2.24$1.41$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.29$2.78$6.51$1.32
2011Summary only. Only limited summary data is available for this year.$9.07$3.07$6.01$4.57$1.11$3.46
Peer Organizations

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