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US nonprofit · EIN 631045752 · Florence, ALiSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 631045752) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 31 December 2025: assets, liabilities, staff, website, telephone, pay.Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.Licence US Federal Government public domain.How we handle data

Shoals Entrepreneurial Center Inc

Donations deductible
Revenue
$433k
year to 31 December 2025
Expenses
$498k
year to 31 December 2025
Total assets
$1.6m
$56k liabilities
Net assets
$1.6m
assets less liabilities
Directors and trustees
9
5.1y av
Staff
2
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
4
named in Part VII
How am I connected?

Shoals Entrepreneurial Center Inc's network

9 people5 organisationsi9 people and 5 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (5) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 12 voting members of its governing body on its latest Form 990 Part VI; we list 9 in Part VII (Part VII does not always name every voting member).
NameRole as filedSinceOn the board
BUD WardBoard Member2022
4 yrs
Daughtry PerrittBoard Member2022
4 yrs
Elizabeth McKinneyBoard Member2020
6 yrs
Greg CarnesBoard Member2020
6 yrs
Jake JacobsBoard Member2024
2 yrs
Jan IngleBoard Member2020
6 yrs
Jennifer BennetchBoard Member2024
2 yrs
Larry McCoyBoard Member2020
6 yrs
Mark LinderBoard Member2020
6 yrs
Under 5 years5 to 6 years6 years or more

Officers and senior leadership

4 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
David MuhlendorfTreasurer2024
Giles McDanielSecretary Exec Directorsince 2020
Rebecca HovaterChairman of Board2024
Will DiverVice Chairman2024

Pay and hours

year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Giles McDanielSecretary Exec Director40$132k
Jan IngleBoard Member1$0
Daughtry PerrittVice Chairman3$0
David MuhlendorfBoard Member Emeritus1$0
Larry McCoyBoard Member2$0
Elizabeth McKinneyBoard Member1$0
Kimberly HughstonBoard Member1$0
Jake JacobsBoard Member1$0
Bud WardBoard Member1$0
Jennifer BennetchBoard Member2$0
Rebecca HovaterPast Chairman4$0
Greg CarnesTreasurer3$0
Will DiverChairman5$0

About

Legal name
Shoals Entrepreneurial Center Inc
EIN
631045752
Address
3115 Northington Ct, Florence, AL, 35630-6353
State
Alabama
Mission
Providing new development stage small business with facilities and support during development period start up. (as filed on the Form 990)
Activity (NTEE)
Z99Z Unknown
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Unknown
Size band
6 (IRS master file code)
Formed
1989
IRS ruling date
1 March 1992
Status
Code 01 (unconditional exemption)
Form 990 filings on record
3, latest 2024
IRS Publication 78
PC (contributions deductible)

Most connected

Longest observed on the filings

≥6years on the filingsElizabeth McKinney
≥6years on the filingsGreg Carnes
≥6years on the filingsJan Ingle
≥6years on the filingsLarry McCoy

Latest return

year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.
Total assets
$1.6m
Total liabilities
$56k
Net assets or fund balances
$1.6m
Contributions and grants received
$5k
Program service revenue
$349k
Employees
2

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2024$825k$492k$333k

As filed on the IRS Form 990. US dollars.