Overview
What is Southern Windsor County Incubator Inc?
Southern Windsor County Incubator Inc, located at 14 Clinton Street, Springfield, VT 05156, serves as a hub for entrepreneurship and economic development. Its primary mission is to eliminate the barriers of entry for digital and technology entrepreneurs and web-enabled businesses, providing them with the necessary training, financing, and grant revenue access. The organization also plays a crucial role in workforce development, assisting area businesses and helping eliminate any obstacles they might face. The Southern Windsor County Incubator Inc has been successful in hosting two companies in its facility that have experienced significant growth, attracting attention through their respective client bases. The organization's Actuator Tech Entrepreneurship Program has aided over 20 new technology companies to date, contributing to the international tech community with its events and content. Currently, the organization employs a team of 5 individuals.
Official website here: www.bricvt.org
Is Southern Windsor County Incubator Inc legitimate?
Southern Windsor County Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Windsor County Incubator 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: $122,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,582
For more financial information, click here
Official website here: www.bricvt.org
What is the mission statement of Southern Windsor County Incubator Inc?
Southern Windsor County Incubator Inc's mission is to facilitate economic development in the local business sector. They provide training and financing for businesses, help gain grant revenue access, and assist with workforce development. The organization's primary goal is to eliminate barriers for digital and technology entrepreneurs and web-enabled businesses. Through their activities, they aim to foster growth and success for these businesses, as demonstrated by the progress of the two companies currently housed in their facility. Their entrepreneurship program, Actuator, has also gained recognition and has assisted over 20 new technology companies to date. Their programming has led to multiple successful events about technology, attracting an international audience for its content.
Official website here: www.bricvt.org
What is the revenue of Southern Windsor County Incubator Inc?
Southern Windsor County Incubator Inc's revenue in 2023 was $824,335.
Official website here: www.bricvt.org
Who are the executives of Southern Windsor County Incubator Inc and what are their salaries?
The average compensation at Southern Windsor County Incubator Inc during 2023 was $74,391. There are 4 employees and 20 volunteers at Southern Windsor County Incubator Inc.
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Official website here: www.bricvt.org
Where can I find the form 990 for Southern Windsor County Incubator Inc?
Southern Windsor County Incubator Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bricvt.org
Learn more at the official website: www.bricvt.org
Mission Statement of Southern Windsor County Incubator Inc
Southern Windsor County Incubator Inc, as a nonprofit organization, is committed to fostering economic development in the area. Their mission is threefold: providing training and financing for local businesses, securing grant revenue, and aiding in workforce development. Furthermore, they are dedicated to eliminating barriers of entry for digital and technology entrepreneurs and web-enabled businesses, helping them thrive and grow. The organization has seen success with this mission, as two companies currently housed in their facility have experienced significant growth after receiving additional investment and expanding their client base. Additionally, their Actuator Tech Entrepreneurship Program has gained recognition and assisted over 20 new technology companies to date. Southern Windsor County Incubator Inc's programming has also produced multiple successful events about technology, garnering an international audience for its content.
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Impact
October, 2024
Southern Windsor County Incubator Inc. plays a significant role in fostering economic growth and innovation in the Springfield, VT area. By providing essential economic development training and financing, it helps local businesses thrive, particularly focusing on digital and technology entrepreneurs.
The organization has successfully hosted the BRIC/Entrepreneurship Center, where two companies are experiencing robust growth after receiving investment and expanding their client base. Their "Actuator" tech entrepreneurship program stands out by attracting interest and successfully assisting over 20 new technology companies, which contributes to a more vibrant local economy.
Moreover, Southern Windsor County Incubator Inc. focuses on eliminating barriers for emerging entrepreneurs, thereby facilitating access to grant revenue and resources crucial for business development. Their programming includes successful events related to technology, which have drawn an international audience, enhancing community engagement and visibility.
Overall, the Incubator significantly impacts the local economy by nurturing startup companies, supporting workforce development, and contributing to the overall economic vitality of the region.
This information is meant to be a general summary of Southern Windsor County Incubator 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: $71
- Program Service Revenue: $15,677
- Gross Receipts: $824,335
Assets and Liabilities:
- Total Assets: $136,755
- Total Liabilities: $30,401
- Net Assets: $106,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSPACE FEES
Revenue
$14,277
OTHER
Revenue
$1,400
Organization Details
Founding Year
2000
Principal Officer
Peter Andrews
Website
www.bricvt.orgNTEE Category
Code: S41 - Community improvement
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