Public Charity

DECATUR-MORGAN COUNTY ENTREPRENEURIAL CENTER INC

DECATUR-MORGAN COUNTY ENTREPRENEURIAL CENTER INC, of DECATUR, AL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.9M in revenue, $820K in expenses, $2.6M in total assets. 1 publicly reported grants to this organization, totaling roughly $10K, appear in IRS filings.

EIN: 272113883 DECATUR, AL Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$1.9M
Total Expenses$820K
Total Assets$2.6M
Grant Records1
Funding Total$10K
Filing Years2020–2024

Mission

THE PRIMARY PURPOSE OF THE E-CENTER IS TO ENCOURAGE, ENTHUSE AND EMPOWER NEW AND SMALL BUSINESSES AS TENANTS AND NON-TENANTS OF THE E-CENTER FACILITY AND TO ENSURE SUCCESSFUL START-UP AND CONTINUED GROWTH OF THEIR BUSINESSES.

Where $100 goes at Decatur-Morgan County Entrepreneurial Center Inc

How Decatur-Morgan County Entrepreneurial Center Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$78 Programs the work itself
$17 Management running the organization
$5 Fundraising raising the next dollar

Inside the $78 for programs

$28
Provides resources for entrepreneurs in lawrence & cullman counties
36% of program spending
$27
The e-center encourages, enthuses and empowers new and small businesses as tenants and non-tenants of the e-center facility to help ensure successful start-up and continued growth of their…
34% of program spending
$23
Recruitment of young professionals to Decatur, alabama by offering incentive packages to the young professionals and bringing highly skilled workers to the city workforce
30% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Betty Sims
DIRECTOR Brooks Collins
DIRECTOR Dr Claudette Owens
PRESIDENT EL Dr Jeanne Payne
DIRECTOR Dr Yvette Rice
SECRETARY Ellen Didier

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.9M $820K $2.6M
2023 $1.1M $576K $1.5M
2022 $1.0M $562K $1.1M
2021 $531K $461K $606K
2020 $658K $380K $533K

Between 2020 and 2024, reported annual revenue grew from $658K to $1.9M (+184%), with total assets most recently reported at $2.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for DECATUR-MORGAN COUNTY ENTREPRENEURIAL CENTER INC

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