Overview
What is Insite Mentor Capital Inc?
Insite Mentor Capital Inc, based in New York City, New York, serves as a catalyst for fostering the entrepreneurial ecosystem in the area. This nonprofit organization brings together graduate students, promising start-ups, and leading venture capitalists for engaging dialogues. Through a unique mentorship and development program, they aim to fortify this ecosystem by enabling these individuals to contribute effectively. The specific activities include hosting events that facilitate knowledge sharing and networking opportunities, ultimately benefiting the start-up community in New York City.
Official website here: www.insitefellows.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. Insite Mentor Capital Inc has demonstrated a solid performance in accountability and finance, which is the sole factor for its rating. The organization has an admirable record with 85% of its board members being independent, reflecting a commitment to governance that is free from conflicts of interest. Additionally, the charity has no reported material diversion of assets and maintains a strong ratio of program expenses, indicating effective use of funds.
Despite these strengths, there are notable areas for improvement. Insite Mentor Capital Inc lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions could affect the organization's overall transparency and governance practices.
Overall, while the charity's financial management and governance structure are commendable, addressing the missing policies would enhance its credibility and operational integrity. Stakeholders may want to inquire further into these aspects to gain a full understanding of the organization's commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Insite Mentor Capital Inc legitimate?
Insite Mentor Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Insite Mentor Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $51,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.insitefellows.org
What is the mission statement of Insite Mentor Capital Inc?
Insite Mentor Capital Inc's mission is to enhance the entrepreneurial ecosystem by assembling a select group of graduate students, promising start-ups, and venture capitalists. This is achieved through a unique mentorship and development program, allowing these individuals to collaborate and contribute to the ecosystem. The organization hosts events where these groups engage in dialogues about this mentorship program, aiming to foster growth and innovation within the entrepreneurial sector.
Official website here: www.insitefellows.org
Who is the CEO of Insite Mentor Capital Inc?
Unavailable
Official website here: www.insitefellows.org
What is the revenue of Insite Mentor Capital Inc?
Insite Mentor Capital Inc's revenue in 2021 was $53,854.
Official website here: www.insitefellows.org
Who are the executives of Insite Mentor Capital Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.insitefellows.org
Where can I find the form 990 for Insite Mentor Capital Inc?
Insite Mentor Capital Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.insitefellows.org
Learn more at the official website: www.insitefellows.org
Mission Statement of Insite Mentor Capital Inc
Insite Mentor Capital Inc is an organization committed to bolstering the entrepreneurial ecosystem in a metropolitan city, specifically New York City. They accomplish this by gathering a select group of graduate students, promising start-ups based in the New York area, and distinguished venture capitalists from the city. Through a unique mentorship and development program, Insite Mentor Capital enables these individuals to contribute to the ecosystem and collaborate with each other. This program facilitates valuable dialogues and fosters an environment that fosters growth and innovation within the entrepreneurial sphere.
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Impact
August, 2024
Insite Mentor Capital Inc's impact lies in its efforts to strengthen the entrepreneurial ecosystem in New York City. By bringing together a select group of graduate students, highly promising start-ups, and leading venture capitalists, the organization enables these individuals to contribute to the ecosystem through a unique mentorship and development program. Through its events and programs, Insite Mentor Capital Inc is cultivating a supportive environment for growth, innovation, and collaboration within the city's entrepreneurial community.
This information is meant to be a general summary of Insite Mentor Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $21
- Gross Receipts: $53,854
Assets and Liabilities:
- Total Assets: $41,998
- Total Liabilities: $0
- Net Assets: $41,998
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Organization Details
Founding Year
2011
Phone
(212) 999-6200Main Address
25 EAST 63RD STREET NO 6, NEW YORK, NY, 10065
Website
www.insitefellows.orgNTEE Category
Code: B99 - Education
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