Clarksville Entrepreneur Center
1860 Wilma Rudolph Blvd
Clarksville TN 37040
Clarksville Entrepreneur Center
Mission Statement
Our mission is to provide the services, space and support critical to the development of entrepreneurs.
Leadership
CEO/Executive Director Mr. Richard Garrett
Board Chair Damon Jennings
Board Chair Company Affiliation Community Volunteer
History & Background
Year of Incorporation 2009
Former Names
LEAP
LEAP Organization
L.E.A.P. ORG
Organization's type of tax exempt status 501-C3
Financial Summary
Graph: Expense Breakdown Graph - All Years
 
 
Projected Expenses $373,532.00
Projected Annual Revenue $410,000.00 (2017)
Statements
Mission Our mission is to provide the services, space and support critical to the development of entrepreneurs.
Background
The Clarksville Entrepreneur Center was originally founded in 2009 as the The LEAP Organization, a nonprofit youth development organization by Richard “Reason” Garrett. The concept of LEAP came from a vision that God gave the founder in his darkest hours consisting of mentoring at-risk youth that needed a second chance and someone to believe in them. Along the way God provided provision for the vision by strategically placing individuals in Reason’s life to bring it to fruition. Becky Moore of the United Way and Pastor Tommy Vallejos guided the founder in separating the nonprofit venture into its own entity which officially became the LEAP Organization and received it IRS 501(c)3 status on April 29, 2009.


Pastor Harris was also instrumental in opening the Emmanuel Family Life Center for the organization to operate. Since opening its doors, LEAP has forged strong partnerships with the local business community, media, school districts, and other youth–serving organizations in the community. In turn, Richard assisted in managing the facility and opening the doors for other start ups to have office space.
From our humble beginnings as a youth mentoring organization in 2008, we have evolved into a youth development organization that provides mentoring, counseling, career readiness, community service learning opportunities, and other enriching programs. The program targets at-risk youth referred from juvenile courts, DCS, school counselors, and concerned parents. It also serves youth that voluntarily enroll to participate in its various programs.
In 2013, Dave Davidson permitted LEAP to acquire a 24,000 square foot college campus and convert part of it into our youth development headquarters and other portions into a small business incubator/entrepreneurial center. We are seeking to cultivate the growth and development of small businesses through one-on-one support, mentoring, programs, and classes. We intend to offer office space, management and technical assistance to small businesses for up to five years through classes, programs, onsite mentoring, one-on-one business counseling and peer support.
In 2017, the organization continued to evolve. As more organizations began to provide youth development programs, LEAP saw an opportunity to focus its attention to support veterans and minority small business owners with obtaining the resources they needed to become successful entrepreneurs. The organization was renamed to the Clarksville Entrepreneur Center which is supported by RG Group, Inc.
Impact
In 2016 we accomplished the following:
 
1. Served 26 small business through business incubator office space provided
 
2. Developed the Entrepreneur Mastermind Group training to be launched in 2017
 
3. Launched the Entrepreneur Membership Program in December and enrolled 2 participants
 
4. Business Incubator clients employed approximately 48 individuals
 
 
Our Goals for 2017 consist of:
 
1. To meet and exceed the deliverables from the Tennessee Department of Economic and Community Development LiftTN Micro, Urban Core Grant to be eligible for renewed grant funding
 
2. To grow our Entrepreneur Membership Program to 50 entrepreneur served
 
3. To have 40 participants complete the Entrepreneur Mastermind Group Training
 
4. To provide micro grants to entrepreneurs who pitch their business after completing the Entrepreneur Mastermind Group Training
 
5. To increase the number of jobs created at the Clarksville Entrepreneur Center to 55.  
 
 
Needs
Our most pressing needs are as follows:
 
1. Our Entrepreneur Center is seeking volunteers to provide confidential business mentoring services, both in person and virtually.
 
2. Our Planting For Our Future Capital campaign will raise $360,000 to create new and expanded opportunities for small businesses and entrepreneurs that will fortify our communities, positively impact our area’s economy. We invite you to join us with a leadership investment in the CEC’s future to help make LEAP Plaza a permanent home and sustainable resource for Clarksville small business owners and entrepreneurs.
 
 
Other ways to donate, support, or volunteer
Donations
Your contributions help to implement sustainable programs that equip and empower entrepreneurs with the knowledge and resources they need to launch and enhance their small business ventures and create jobs.
 
  • We accept donations via credit/debit card online at http://clarksvilleec.org/donate
  • Checks/Money Orders can be made payable to Clarksville Entrepreneur Center or CEC and mailed to 1860 Wilma Rudolph Blvd Clarksville, TN 37040.
 
Volunteering
Our volunteers are our greatest resource in offering our clients the opportunity to collaborate with some of the best people in their industry for information, advice and guidance.
 
We are seeking volunteers with the experience and expertise in the following areas:
 
• Accounting
• Angel and Venture Capital
• Business Strategy
• Corporate Law
• Engineering
• Export and International Sales
• FDA Regulatory Compliance
• Finance
• Government Contracting
• Graphic Design
• Human Resources
• Intellectual Property
• IT, Web Development and Design
• Management Information Systems
• Manufacturing
• Market Research
• Marketing
• PR/Media Relations
• Real Estate and Commercial Lending
• Sales
• Social Media 
Service Categories
Primary Organization Category Community Improvement, Capacity Building / Small Business Development
Tertiary Organization Category Community Improvement, Capacity Building / Small Business Development
Areas of Service
Areas Served
TN - Montgomery

According to Census data published by the Economic Development Council, as of March of 2015, Clarksville is the 5th fastest growing city in the nation and the hub of the second fastest growing Metropolitan Statistical Area in the country. Montgomery County has a population of 189,961 with Clarksville claiming 146,802 which takes into account the 57,000 military families who do not live on the Fort Campbell, Kentucky military installation.

CEO Statement The Clarksville Entrepreneur Center is all about its clients – their business is our business. They are incredible entrepreneurs creating significant impact for the Clarksville community in the form of job creation, economic growth and industry-related innovation.
Programs
Description

The Clarksville Entrepreneur Center clients have access to an innovative facility located on Wilma Rudolph Blvd with a daily 37,000 vehicle traffic count. The 24,000 square foot incubator is minutes from Downtown Clarksville and the interstate and includes the following amenities:

• 30 offices/suites

• 3 classrooms

• Conference Room

• Computer lab with 12 workstations and printer

• Co-Working Space with 16 workstations (4 have computers and phone installed) and printer

• 24/7 access and security system

• WiFi Internet access

• kitchen/break rooms

The Clarksville Entrepreneur Center, however, is more than just a facility. It is a vibrant ecosystem of entrepreneurs, advisors and supporters available to help take your business to the next level. As a result, there is an energy that resonates through the halls of CEC. You can feel it with every program established, every job created, and every startup success story. It is no wonder that CEC is a place where ideas grow.

Budget 136000
Category Community Development, General/Other Small & Minority Business Development Programs
Population Served Adults, Minorities, General/Unspecified
Short Term Success To increase the annual revenue generated by participants by 15%
Long term Success
To increase the success rate of participating small businesses by 70% within their initial 5 years.
Program Success Monitored By Progress reports from business counselors and quarterly evaluation of financial records will indicate the participants progress in reaching various milestones and financial sustainability.  
Examples of Program Success Bump & Rump, a child and baby story specializing in natural products initially launched in their home in 2013. Within months they realized they needed a store front in a high traffic area to sell their product. Within 8 months of opening their storefront in our incubator they began grossing over $25,000 monthly from sales and outgrew their space. They ended up have to lease another large space then started a 2nd business in our incubator called Seasons Market, specializing in organic food products. Within a year, they outgrew the space again and were able to negotiate the expansion of Bump and Rump to accomodate both entities under one roof and are continuing to thrive.  
Description
  • Business counseling and progress reviews with on-site counselors from the Clarksville Entrepreneur Center
  • Pro bono mentoring from over 50 industry and area-specific professionals, including legal, financial, human resources, marketing, intellectual property, and more from SCORE.
  • Collaboration with like-minded entrepreneurs in an innovative and supportive environment.
  • Promotion of client news, milestones and events through online and social media outlets.
  • Business development seminars and workshops covering relevant small business topics.
Budget 15000
Category Community Development, General/Other Small & Minority Business Development Programs
Population Served US, Adults, Minorities
CEO Comments
ENTREPRENEURS often begin with an idea, a new and innovative solution to an existing problem. But it takes the right resources to grow that idea into a meaningful business opportunity, one that captures the imagination of the marketplace and makes a positive economic impact in the region.
CEC client companies – which represent a wide variety of industries benefit from the center’s proactive business counseling and mentoring as well as its state-of-the-art facility to commercialize their business.
CEC simultaneously offers a community rich in collaboration with other innovative entrepreneurs to champion your successes and provide additional guidance in the growth of your company.
As a result, your business not only improves its profitability potential in the market but also becomes an economic engine committed to creating jobs in the city of Clarksville and the region.
Board Chair
Board Chair Damon Jennings
Company Affiliation Community Volunteer
Term Nov 2016 to Oct 2019
Email damon1906@yahoo.com
Board Members
NameAffiliationStatus
Fairlen Browning Loan Officer for Penfed RealtyVoting
Dana Evans Humana Human ResourcesVoting
Damon Jennings Community VolunteerVoting
Debra Ann Matthews Workforce Essentials, Certified Resume WriterVoting
Jeremy Williams College Student, motivational speaker, salesmanVoting
Board Demographics - Ethnicity
African American/Black 5
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 2
Female 3
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 1
Board Meeting Attendance % 75%
Does the organization have written Board Selection Criteria? Yes
Does the organization have a written Conflict of Interest Policy? Yes
Percentage of Board Members making Monetary Contributions 45%
Percentage of Board Members making In-Kind Contributions 85%
Does the Board include Client Representation? No
Number of Full Board Meetings Annually 4
Board CoChair
Board CoChair Fairlen Browning
Company Affiliation Castle & Cooke Mortgage
Term Mar 2016 to Feb 2018
Email fbrowning@castlecookemortgage.com
Standing Committees
Board Governance
Finance
Operations
Risk Management Provisions
Commercial General Liability
Professional Liability
CEO Comments "An organization, no matter how well designed, is only as good as the people who live and work in it.” ~ Dee Hock. The Clarksville Entrepreneur Center recognizes the achievements of an organization are the results of the combined effort of each individual. We pride ourselves in flexibility that comes with trust from building relationships with one another to achieve the organizations mission.
Executive Director/CEO
Executive Director Mr. Richard Garrett
Term Start Apr 2009
Email info@clarksvilleec.org
Experience

City Councilman Richard Garrett has gained extensive business knowledge and negotiating skills as the Founder & Executive Director of the Clarksville Entrepreneur Center. As a licensed realtor for Keller Williams Realty, he is known for his tenacity, perseverance, honesty, and fairness. A proud Austin Peay State University alum, Richard graduated with Honors with a Bachelors in Public Management.
Richard is a former active duty Marine, father of 4, & a husband with strong ties to the community. He is a graduate of Leadership Clarksville and a member of Clarksville Rotary, Clarksville Area Ministerial Association, Chamber of Commerce, Clarksville Association of Realtors Public & Charity Relations Committees, and APSU Military Alumni Association.​
Professional Experience 
City of Clarksville - Councilman
1/1/2015 – Present
 
~ Responsible for passing local ordinances and legislation that govern the City
~ Diligently reviews, amends, and approves a City budget of over $400,000,000
~ Serves as a liaison between the City and the general public
~ Supervises administrative officers, formulate policies, and exercise city powers
Clarksville Entrepreneur Center - Founder/Executive Director
4/29/2009 – Present
 
~ Responsible for hiring, training, developing, and motivating the staff, developing an organizational structure that suits the organization’s work and ensuring day to day operations and programs are effective and efficient.
~ Manage CEC’s assets, revenues, and expenditures on a day to day basis and ensure that controls are in place to protect the organization against fraud or waste
Keller Williams Realty - Realtor
2/16/2011 – Present
 
~ Assisting clients determine the value of property they want to sell
~ Preparing market analysis statistics
~ Advertising listed property to other Realtors and potential buyers
~ Negotiating contracts with buyers and/or agents acting on their behalf




Staff
Full Time Staff 1
Part Time Staff 1
Volunteers 4
Contractors 0
Retention Rate 40%
Plans & Policies
Does the organization have a documented Fundraising Plan? Under Development
Does the organization have an approved Strategic Plan? Yes
Number of years Strategic Plan Considers 5
When was Strategic Plan adopted? Mar 2016
In case of a change in leadership, is a Management Succession plan in place? Under Development
Does the organization have a Policies and Procedures Plan? Yes
Does the organization have a Nondiscrimination Policy? Yes
CEO Comments
One challenge that we identified last grant cycle with the entrepreneurs was lack of buy in. They would register for the free training, then not participate. To give them some skin in the game we are going to charge a $25 registration fee.
Another barrier was the 5 week requirement to complete the program that proved to challenge participants that had to commit to giving up 5 Saturdays for 2 hour classes. We have are condensing the modules from 5 to 4 and are going to cover 2 modules per day over a two week span. The classes will also be offered during the evening on a week day.
We also plan to use a portion of the funding from this grant to provide eligible micro enterprises that complete the course micro grants to assist them in launching their businesses or enhancing them. This will incentivize them to complete the program and help stimulate their enterprises.
 
 
Fiscal Year
Fiscal Year Start Jan 01 2017
Fiscal Year End Dec 31 2017
Projected Revenue $410,000.00
Projected Expenses $373,532.00
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
$249,364$129,700$53,826
Government Contributions$120,477$15,379$96,888
Federal$0$0$0
State$0$0$18,968
Local$11,250$11,250$77,920
Unspecified$109,227$4,129$0
Individual Contributions($82,163)$17,349$1,723
$0$0$0
$108,099$123,100$190,080
Investment Income, Net of Losses$1,221$811$44
Membership Dues$0$0$0
Special Events$30,625$26,302$40,919
Revenue In-Kind$0$18,800$3,500
Other$0$0$0
Expense Allocation
Fiscal Year201620152014
Program Expense$303,860$169,977$162,973
Administration Expense$173,640$90,146$92,864
Fundraising Expense$0$0$6,339
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses0.871.271.48
Program Expense/Total Expenses64%65%62%
Fundraising Expense/Contributed Revenue0%0%3%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$192,248$217,585$147,027
Current Assets$142,770$188,906$142,470
Long-Term Liabilities$0$0$0
Current Liabilities$47,390$11,600$11,560
Total Net Assets$144,858$205,985$135,467
Short Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities3.0116.2912.32
Long Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets0%0%0%
Top Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar AmountFoundations and Corporations $249,364Foundations and Corporations $129,700Program Revenue $190,080
Second Highest Funding Source & Dollar AmountGovernment Grants $109,227Program Revenue $123,100Local Government Grants $77,920
Third Highest Funding Source & Dollar AmountProgram Revenue $108,099Fundraising Events $26,302Foundations and Corporations $53,826
Capital Campaign
Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? Yes
Campaign Purpose Our Planting For Our Future Capital campaign will raise $360,000 to create new and expanded opportunities for small businesses and entrepreneurs that will fortify our communities, positively impact our area’s economy.
Capital Campaign Goal $360,000.00
Campaign Start and End Dates Mar 2017 to Dec 2021
Capital Campaign Raised-to-Date Amount $23,610.00 as of Jan 2017
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitations Permit
TN Charitable Solicitations Registration Yes - Expires June 2018
Solicitations Permit
2018 CS permit
Organization Comments
GivingMatters.com Financial Comments
Financial figures taken from the Form 990. 
990 prepared by Shoebox Accounting and Bookkeeping.
Comment provided by Nicole Rose 07/17/2017.
 
Nonprofit Clarksville Entrepreneur Center
Address 1860 Wilma Rudolph Blvd
Clarksville, TN 37040
Primary Phone (931) 614-0440
Contact Email info@clarksvilleec.org
CEO/Executive Director Mr. Richard Garrett
Board Chair Damon Jennings
Board Chair Company Affiliation Community Volunteer
Year of Incorporation 2009
Former Names
LEAP
LEAP Organization
L.E.A.P. ORG