Overview
What is Excell Partners Inc?
Excell Partners Inc is a nonprofit organization situated in Rochester, New York, specifically at 343 State St, Kodak Tower 2nd Floor. Their primary mission is to financially support technology-driven start-ups in their early stages, providing them with equity and convertible notes. These funds are intended for various purposes, such as entity formation, business planning, market assessment, recruitment, and technology development. In addition to financial support, Excell Partners Inc offers educational and management resources to these start-ups. They act as a bridge, connecting emerging tech companies from various communities, universities, and research centers across Upstate New York with early-stage venture capital firms. This comprehensive approach aims to foster growth and success for these technology-based start-ups.
Official website here: www.excellny.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 56%, One-Star out of Four Star rating.
Excell Partners Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and program expenses. While the organization excels in governance aspects, such as having a fully independent board and solid policies for conflict of interest and whistleblower protections, it has struggled with its financial ratios. The program expense ratio is reported at 0.00%, which raises questions about the allocation of funds towards its mission.
The financial health of Excell Partners Inc is also highlighted by a liabilities to assets ratio of 1.55%, which is notably poor. This suggests that the organization may have financial obligations that outweigh its assets, potentially impacting its sustainability and capacity to fulfill its mission. Moreover, the absence of posted tax forms on its website detracts from its transparency and accountability.
While the organization has strengths in governance practices, the serious financial concerns outlined in the rating and the low program expense ratio indicate that potential donors might want to carefully consider these factors before contributing to Excell Partners Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Excell Partners Inc legitimate?
Excell Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Excell Partners 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.excellny.com
What is the mission statement of Excell Partners Inc?
Excell Partners Inc's mission is centered around supporting technology-driven start-ups. This organization provides them with financial aid in the form of equity and convertible notes, which can be utilized for various purposes such as entity formation, business planning, market assessment, recruitment, and technology development. Besides financial assistance, Excell Partners Inc also offers educational and management support, in addition to connecting these start-ups with early-stage venture capital firms. The company's ultimate goal is to foster the growth and success of technology-based start-ups that emerge from communities, universities, and research centers across Upstate New York.
Official website here: www.excellny.com
Who is the CEO of Excell Partners Inc?
Theresa Mazzullo is the Director of Excell Partners Inc. The CEO's salary of Excell Partners Inc is $0 and their total compensation is $385,993.
Official website here: www.excellny.com
What is the revenue of Excell Partners Inc?
Excell Partners Inc's revenue in 2023 was $947,711.
Official website here: www.excellny.com
Who are the executives of Excell Partners Inc and what are their salaries?
Here are 10 key members and their salaries (Excell Partners Inc's CEO's salary is $0 and their total compensation is $385,993):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $313,728
- Other: $72,265
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $254,000
- Other: $66,600
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.excellny.com
Where can I find the form 990 for Excell Partners Inc?
Excell Partners Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.excellny.com
Learn more at the official website: www.excellny.com
Mission Statement of Excell Partners Inc
Excell Partners Inc, a dedicated organization, is committed to providing financial assistance, educational resources, management support, and networking connections to technology-driven start-ups emerging from various communities, universities, and research centers across Upstate New York. The company's mission is to empower these nascent tech companies by offering them financial backing in the form of equity and convertible notes, which can be utilized for entity formation, business planning, market assessment, recruitment, and technology development. Furthermore, Excell Partners Inc provides educational and management support, as well as connects these start-ups with early-stage venture capital firms, aiming to facilitate their growth and success in the tech industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Excell Partners Inc's impact lies in providing crucial financial support, education, management guidance, and networking connections to technology-based startup companies emerging from communities, universities, and research centers across upstate New York. By offering financial backing in the form of equity and convertible notes, Excell Partners Inc enables these startups to lay the groundwork for entity formation, develop business plans, assess markets, recruit necessary talent, and advance their technology. Additionally, the educational and management support, coupled with the connections to early-stage venture capital firms facilitated by Excell Partners Inc, equips these startups with the tools and resources needed to thrive in the competitive startup landscape. Overall, Excell Partners Inc plays a vital role in fostering innovation and driving economic growth within the technology sector in upstate New York.
This information is meant to be a general summary of Excell Partners 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 2023.
- Investment Income: $16,671
- Gross Receipts: $947,711
Assets and Liabilities:
- Total Assets: $4,820,342
- Total Liabilities: $75,133
- Net Assets: $4,745,209
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Phone
(585) 458-7333Principal Officer
Theresa Mazzullo
Main Address
343 STATE ST KODAK TOWER 2ND FLOO, ROCHESTER, NY, 14650
Website
www.excellny.comNTEE Category
Code: S05 - Community improvement
If you are a representative of Excell Partners Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.