Overview
What is Rocket Innovations Corp?
Rocket Innovations Corp is a dynamic entity established with the purpose of fostering commercial activities that resonate with the university's vision, mission, and community interests. Their operations encompass identifying, facilitating, stimulating, and supporting such endeavors, ensuring a harmonious alignment between the academic institution and the local community. The organization boasts a diverse portfolio through K-1 Rocket ventures and Twinestudio startups, which serve as crucial catalysts for commercial growth and innovation.
Is Rocket Innovations Corp legitimate?
Rocket Innovations Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocket Innovations Corp 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: $13,514
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rocket Innovations Corp?
Rocket Innovations Corp's mission is to foster commercial activities that align with the university's vision and mission, as well as the interests of the community. They achieve this by identifying potential opportunities, facilitating their development, stimulating growth, and providing necessary support. The organization's efforts are primarily focused on projects that can make a positive impact, both for the university and the wider community. Rocket Innovations' initiatives include the K-1 Rocket ventures fund portfolio and Twinestudio startup program, which are designed to nurture and promote promising commercial projects.
Who is the CEO of Rocket Innovations Corp?
Norman Rapino is the Executive Director of Rocket Innovations Corp.
What is the revenue of Rocket Innovations Corp?
Rocket Innovations Corp's revenue in 2022 was $109,721.
Who are the executives of Rocket Innovations Corp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $13,514
- Related: $136,363
- Other: $6,292
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rocket Innovations Corp?
Rocket Innovations Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rocket Innovations Corp
Rocket Innovations Corp, a catalyst in its field, is committed to identifying, facilitating, and stimulating commercial activities that align with the university's vision and mission, as well as the interests of the community. This organization serves as a bridge, connecting innovative ideas with real-world opportunities, ensuring that the university's values and community needs are both considered and addressed. Through its initiatives, Rocket Innovations supports various commercial endeavors that are in line with these shared goals, ensuring that the university's influence and the community's needs are intertwined.
Two of the key programs offered by Rocket Innovations Corp are the K-1 Rocket ventures fund portfolio and Twinestudio startup. The K-1 Rocket ventures fund portfolio focuses on investing in and supporting early-stage businesses that align with the university's vision and mission, providing them with the financial and operational resources necessary to thrive. Meanwhile, Twinestudio startup offers a platform for entrepreneurs to develop and launch their startup ventures, providing them with the necessary mentorship, training, and resources to navigate the challenging world of entrepreneurship.
In essence, Rocket Innovations Corp serves as a facilitator, connecting the university's vision and mission with commercial opportunities, and empowering entrepreneurs to turn their ideas into reality. By doing so, it contributes to the broader community, fostering economic growth and innovation that aligns with the university's values and the needs of the community.
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Impact
October, 2024
Rocket Innovations Corp plays a crucial role in stimulating economic growth and fostering innovation within the Toledo community. By identifying and facilitating commercial activities that align with both the university's vision and the interests of the community, Rocket Innovations acts as a bridge between academic research and practical application, ensuring that cutting-edge ideas are translated into viable business ventures.
Key initiatives like the K-1 Rocket ventures fund portfolio and Twinestudio startup provide essential resources and support for entrepreneurs and startups, nurturing local talent and encouraging the development of new technologies and services. This not only supports individual businesses but also contributes to a vibrant ecosystem that attracts investment and creates jobs, ultimately enhancing the community's economic landscape.
In summary, Rocket Innovations Corp significantly impacts Toledo by fostering a collaborative environment for innovation and economic development, ensuring that the benefits of university research are accessible to the broader community.
This information is meant to be a general summary of Rocket Innovations Corp. 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: $150,044
- Program Service Revenue: -$40,323
- Gross Receipts: $109,721
Assets and Liabilities:
- Total Assets: $2,930,652
- Total Liabilities: $0
- Net Assets: $2,930,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
K-1 TWINESTUDIO
Revenue
-$5,620
K-1 ROCKET VENTRUES FU
Revenue
-$34,703
Organization Details
Founding Year
2006
Phone
(419) 530-6165Principal Officer
Norman Rapino
Main Address
2801 W BANCROFT ST MSC 311, TOLEDO, OH, 436063328
NTEE Category
Code: W02 - Public benefit
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