Overview
What is Wake Forest Innovation Quarter Cdc?
Wake Forest Innovation Quarter Cdc is a prominent nonprofit organization situated in Winston-Salem, North Carolina. Its primary mission is to foster growth in the urban district of Innovation Quarter, a hub for research, business, and education in biomedical science, information technology, clinical services, and advanced materials. This dynamic area, located in downtown Winston-Salem, is home to over 90 companies, five leading academic institutions, 3,600 employees, and 1,800 students. The nonprofit's activities aim to develop and enhance a low-income community within this district, as well as stimulate economic growth in the region through the development of a research park. Its work spans over 2 million square feet of office, laboratory, and educational space on 200 developable acres.
Official website here: www.innovationquarter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Wake Forest Innovation Quarter Cdc has received a Three-Star rating from Charity Navigator, reflecting a commendable score of 77% primarily focused on its accountability and finance practices. This score underscores the organization’s commitment to maintaining transparency and responsible financial management, with all metrics contributing to this rating showing strong results, especially in areas such as asset management and program expense ratio.
The organization demonstrates a solid commitment to best practices, with policies in place for conflict of interest, whistleblower protection, and document retention, all receiving maximum scores. Additionally, the lack of material diversion of assets highlights a strong ethical framework in its operations. The financial health of the organization is also positive, with a liabilities to assets ratio indicating low risk.
However, while the charity excels in accountability and finance, the overall rating is based solely on this metric, suggesting there may be additional areas, such as programmatic impact or community feedback, that could be explored further for a more holistic view of its effectiveness. Overall, the organization appears to be well-managed and transparent in its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Wake Forest Innovation Quarter Cdc?
96% of 51 reviewers on Facebook recommend Wake Forest Innovation Quarter CDC. Here is a summary of their reviews:
Many users appreciate the attractive environment and the variety of places available to visit within the Innovation Quarter. Several comments highlight the welcoming atmosphere, with some individuals indicating they visit regularly for different purposes, suggesting a strong community engagement. The transformation of the area is met with enthusiasm and affection from visitors, who are happy with the progress and development they have witnessed.
Overall, the sentiment towards Wake Forest Innovation Quarter CDC is very positive, reflecting a strong community connection and satisfaction with the space and its offerings.
This AI summary has been generated from reviews found on Facebook.
Is Wake Forest Innovation Quarter Cdc legitimate?
Wake Forest Innovation Quarter Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wake Forest Innovation Quarter Cdc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.innovationquarter.com
What is the mission statement of Wake Forest Innovation Quarter Cdc?
The mission of Wake Forest Innovation Quarter Cdc is centered around enhancing a low-income community and facilitating economic development. Specifically, the organization aims to improve this community and contribute to the growth of a research park. This research park encompasses various fields such as biomedical science, information technology, clinical services, and advanced materials. By establishing a hub for research, business, and education, the organization seeks to foster innovation and development within these sectors. The Innovation Quarter, under the organization's guidance, currently houses numerous companies, academic institutions, and a significant workforce, providing an environment conducive to learning and collaboration.
Official website here: www.innovationquarter.com
Who is the CEO of Wake Forest Innovation Quarter Cdc?
Terry L Hales Jr is the Director of Wake Forest Innovation Quarter Cdc.
Official website here: www.innovationquarter.com
What is the revenue of Wake Forest Innovation Quarter Cdc?
Wake Forest Innovation Quarter Cdc's revenue in 2022 was $75,036.
Official website here: www.innovationquarter.com
Who are the executives of Wake Forest Innovation Quarter Cdc and what are their salaries?
There 5 volunteers at Wake Forest Innovation Quarter Cdc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $984,139
- Related: $0
- Other: $159,721
- Compensation: $0
- Related: $1,398,169
- Other: $314,071
- Compensation: $0
- Related: $819,018
- Other: $146,647
- Compensation: $0
- Related: $201,322
- Other: $43,395
- Compensation: $0
- Related: $647,740
- Other: $142,213
- Compensation: $0
- Related: $965,961
- Other: $59,341
Official website here: www.innovationquarter.com
Where can I find the form 990 for Wake Forest Innovation Quarter Cdc?
Wake Forest Innovation Quarter Cdc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationquarter.com
Learn more at the official website: www.innovationquarter.com
Mission Statement of Wake Forest Innovation Quarter Cdc
Wake Forest Innovation Quarter, as the driving force behind this dynamic urban district, is committed to developing and improving a low-income community in the heart of Winston-Salem, North Carolina. The organization's mission extends beyond this, engaging in economic and related development within a research park. This research park, a hub for biomedical science, information technology, clinical services, and advanced materials, is home to over 90 companies, five leading academic institutions, 3,600 workers, and 1,800 students. Spanning over 2 million square feet of office, laboratory, and educational space across 200 developable acres, the Innovation Quarter is a testament to Wake Forest Innovation Quarter's dedication to fostering growth and development in the community.
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Impact
October, 2024
Wake Forest Innovation Quarter CDC is a transformative force in downtown Winston-Salem, NC, focusing on the development and enhancement of a low-income community while fostering economic growth through the establishment of a vibrant research park. By spearheading the creation of the Innovation Quarter, this initiative has transformed an urban area into a thriving hub for research, business, and education, particularly in fields such as biomedical science, information technology, clinical services, and advanced materials.
The Innovation Quarter is home to over 90 companies and five leading academic institutions, creating a dynamic environment that supports innovation and collaboration. The presence of approximately 3,600 workers and 1,800 students in the area underscores its role as a center for professional development and workforce training. Covering more than 2 million square feet of office, laboratory, and educational space across 200 acres, the Innovation Quarter is stimulating local economic activity, attracting investment, and creating employment opportunities in a historically underprivileged area.
Moreover, this development is not only about economic metrics; it contributes to community improvement by integrating educational resources and workforce training programs. The focus on low-income community development enhances accessibility to high-quality jobs and educational opportunities, promoting upward mobility and fostering a more inclusive economic environment. Overall, Wake Forest Innovation Quarter CDC's impact extends beyond immediate economic benefits, laying the groundwork for long-term community revitalization and sustainability.
This information is meant to be a general summary of Wake Forest Innovation Quarter Cdc. 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 2022.
- Investment Income: $36
- Gross Receipts: $75,036
Assets and Liabilities:
- Total Assets: $30,504,197
- Total Liabilities: $412,500
- Net Assets: $30,091,697
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Organization Details
Founding Year
2003
Phone
(336) 716-4445Principal Officer
Terry L Hales Jr
Main Address
MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC, 27157
Website
www.innovationquarter.comNTEE Category
Code: S30 - Community improvement
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