NonprofitsEntrepreneur Development Center Southwest Tennessee Inc

Community Improvement & Capacity Building

Entrepreneur Development Center Southwest Tennessee Inc

JACKSON, TN

Total revenue

$799K

Total expenses

$653K

Net assets

$1.1M

Grants received

$1.0M

4 grants

EIN

455186181

Tax year

2023

Mission

The entrepreneur development center assists aspiring small business owners in by providing education, mentoring, training and knowledge to assist them in their quest to become entrepreneurs. Entrepreneurship can do more than just create jobs; it can create new ways to address the challenges that reside in our community. Our mission is to connect entrepreneurs with the critical resources they need to create, build and grow their businesses. These critical resources are experienced mentors, capital, training, knowledge and a supportive community. Related programs to this mission include a coding academy for high school students; funding for medical device research activities for local physcians; and a local life style magazine focused toward community opportunities and business.

Programs

3 programs

Driving innovation - mobile labs providing business and entrepreneur development resources for demonstration and training

Expenses: $31K

Provide coding education and training for high school students including exploration of the opportunities available in this area as a career.

Expenses: $493

Costarters program to train developing entrepreneurs, our jackson home magazine, various workshops and a mobile demonstration and training vehicle.

Expenses: $182K

Financials

FY 2023

Revenue

Contributions & grants$741K
Program service revenue$56K
Investment income$3K
Other revenue$218
Total revenue$799K

Expenses

Grants paid
Salaries & benefits$367K
Fundraising
Other expenses$286K
Total expenses$653K
Total assets$1.1M
Net assets$1.1M

People

10 listed

NameRoleCompensation

LISA GARNER

CEO

Board

$95K

40 hrs/wk

BEN HARRIS

COO

Board

$25K

40 hrs/wk

AUSTIN THOMPSON

DIRECTOR

Board

$6K

1 hrs/wk

KEVIN ADELSBERGER

DIRECTOR

Board

1 hrs/wk

WILLIAM DONNELL

CTO

Board

1 hrs/wk

STEPHEN ELDRIDGE

TREASURER/SE

Board

2 hrs/wk

BEN FERGUSON

CHAIRMAN

Board

1 hrs/wk

ANDRE GIST

DIRECTOR

Board

1 hrs/wk

FRANK LAWRENCE

DIRECTOR

Board

1 hrs/wk

LISA PIERCEY

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$282K
NETWORK PARTNER, INTERN STIPEND
2023
$304K
PROGRAM EXPENSES FOR NETWORK PARTNERS, INTERNSHIP STIPEND
2022
$220K
PROGRAM EXPENSES FOR ENTREPRENEUR CENTER
2021
$220K
PROGRAM EXPENSES FOR ENTREPRENEUR CENTER
2020

Funded by

$1.0M from 1 funder · 4 grants · 2020–2023

Tennessee Technology Development Corp

$1.0M · 4 grants · 2020–2023

Details

EIN455186181
NTEE codeS43
Subsection03
Ruling date2012-09
Formed2012
Employees9
Volunteers50
ENTREPRENEUR DEVELOPMENT CENTER SOUTHWEST TENNESSEE INC — Mission, Financials & Grants Received | Grantivo