The Harbor Entrepreneur Center

What it reported doing in 2024

Our shared workspace is aligned with our mission to create collision in the entrepreneurial community. Our short-term office space is for entrepreneurs who learn from each other and will hopefully outgrow our space and get their own office. The space also houses JRS Coding School where we train students to become Jr. Level software developers in just 14 weeks, and our peer to peer mentoring program Forum where high level entrepreneurs learn and grow from each other's experiences. (Continued on Schedule O)We offer a few different membership options for you to choose from and they are all month-to-month. Float Space: If you need to get out of the house or you're feeling distracted at your local coffee shop, this is the plan foryou! Dedicated Desk Space: Pick a spot and make it your own. This is perfect if you have additional monitors, printers, files, etc. that you need a place for.Private Office/Pod: This plan is perfect for growing teams who are working towards getting their own office and need a place to get things done until then.Accelerator ProgramThe Harbor Accelerator Program brings a new concept to Charleston's booming entrepreneur economy by giving participants the opportunity to spend 14 weeks fully focused on their start-up concept while gleaning invaluable insights from proven business leaders. The Team of Mentors already committed to the program includes a list of entrepreneurial heavyweights in the Lowcountry.Harbor RetreatTime is often the most treasured resource of any entrepreneur. They do some awesome things at the Harbor that allow entrepreneurs to get outside of their day to day grind, and enjoy the beautiful place we live, with those on the same page. Harbor Retreat integrates breathtaking settings, fun activities, and quality time with friends in a entrepreneur style getaway to a unique desitination, whether it be camping and hanging by thefire, beaching on one of Charleston's many islands, or cruising to desirable locations, those who come along will have the opportunity to build an incomparable bond with like-minded individuals in a relaxing environment.ForumForum is the process of meeting with other like-minded individuals that are charging for the same goals. These focused mastermind groups provide a new dimension on your business and life. Meeting with like minded individuals allows for feedback in a trusting and confidential way. You will be amazed by the power of having different perspectives from peers that have gone through similar circumstances. Group membership includes: Forum Mentor, Forum process, 11 Forum meetings per year, Lunch provided at each Forum, Conference room space for each meeting, and Access to all Harbor Sites.1 Million CupsWe've partnered with 1 Million Cups (1MC) , an initiative by the Kauffman Organization based in Kansas City that created a simple way to engage entrepreneurs in communities around the world. Their weekly "caffeinated" events offer local entrepreneurs valuable exposure and feedback on their startups in a supportive environment.

Financial Efficiency

• Mission deployment rate: 92.2%; rating input score 92
• Program expense ratio: 93.3%; rating input score 93
• Fundraising efficiency: $20.85 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 1.2%; rating input score 40; 40th percentile among comparable filings
• Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
• Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
• Officer compensation ratio: 7.6%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 10.7% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings
• Asset growth: 10.9% per year; rating input score 100; 61st percentile among comparable filings