Overview
What is Rural Business Innovation Corporation?
The Rural Business Innovation Corporation is a nonprofit organization committed to fostering the growth of nascent businesses in rural areas. They achieve this by offering direct loans, educational resources, and instrumental assistance to aspiring entrepreneurs. The corporation also provides incubator facilities, which serve as launchpads for early-stage companies, helping them to establish a solid foundation. Beyond financial assistance, RBI Corporation extends its support through educational programs, empowering new business owners with the necessary skills and knowledge to thrive.
Official website here: www.ruralbusinessinnovation.org
Is Rural Business Innovation Corporation legitimate?
Rural Business Innovation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Business Innovation Corporation submitted a form 990EZ, 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.
Official website here: www.ruralbusinessinnovation.org
What is the mission statement of Rural Business Innovation Corporation?
The Rural Business Innovation Corporation serves to promote the inception and growth of early-stage companies. It accomplishes this by providing direct loans, educational resources, and assistance to potential entrepreneurs. The corporation also offers incubator spaces that aid in the startup process for these companies. Furthermore, it extends loans directly to assist newly established businesses. In essence, the Rural Business Innovation Corporation plays a crucial role in fostering business development in its early stages, offering both financial and educational support.
Official website here: www.ruralbusinessinnovation.org
Who is the CEO of Rural Business Innovation Corporation?
Fred Kluck is the President of Rural Business Innovation Corporation.
Official website here: www.ruralbusinessinnovation.org
What is the revenue of Rural Business Innovation Corporation?
Rural Business Innovation Corporation's revenue in 2022 was $38,088.
Official website here: www.ruralbusinessinnovation.org
Who are the executives of Rural Business Innovation Corporation and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.ruralbusinessinnovation.org
Where can I find the form 990EZ for Rural Business Innovation Corporation?
Rural Business Innovation Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.ruralbusinessinnovation.org
Learn more at the official website: www.ruralbusinessinnovation.org
Mission Statement of Rural Business Innovation Corporation
The Rural Business Innovation Corporation plays a crucial role in fostering the inception of nascent businesses in their early stages. By offering direct loans, this organization provides financial support to aspiring entrepreneurs. Beyond financial assistance, Rural Business Innovation Corporation also extends its reach through education and guidance to these prospective business owners.
In addition to its financial aid, Rural Business Innovation Corporation offers incubator space to early-stage companies. This incubator environment serves as a nurturing ground, where these companies can begin their journey towards sustainability. The corporation's team also provides assistance to these new businesses, helping them navigate the complexities of starting up.
In essence, the mission of Rural Business Innovation Corporation is to empower entrepreneurs in rural areas by providing them with the necessary resources to launch and grow their businesses. By offering direct loans, incubator space, and education, the corporation aims to contribute to the economic development of rural communities.
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Impact
August, 2024
The impact of Rural Business Innovation Corporation is significant in fostering economic growth and job creation in rural areas. By providing direct loans, education, and assistance to prospective business owners, this organization facilitates the start-up of early-stage companies, which in turn helps stimulate entrepreneurship and innovation in rural communities. The incubator space provided by Rural Business Innovation Corporation supports the growth of early-stage businesses, ultimately contributing to the creation of new job opportunities and the overall economic development of the region. Additionally, the direct loans offered by the organization play a crucial role in helping start-up businesses establish themselves and thrive, further boosting employment prospects and economic vitality in rural areas.
This information is meant to be a general summary of Rural Business Innovation Corporation. 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: $3,641
- Program Service Revenue: $3,990
- Gross Receipts: $38,088
Assets and Liabilities:
- Total Assets: $105,553
- Total Liabilities: $137,024
- Net Assets: -$31,471
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Organization Details
Phone
(570) 254-0096Principal Officer
Fred Kluck
Main Address
240 MARKET STREET, BLOOMSBURG, PA, 17815
NTEE Category
Code: J20Z - Employment
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