Overview
What is Sayre Incubator Inc?
Sayre Incubator Inc is a nonprofit organization that offers management services to small businesses and budding entrepreneurs. They accomplish this by running an enterprise center, functioning as a business incubator. The primary objective of Sayre Incubator is to foster and encourage the growth of new ventures in their initial stages of development. By providing essential support and nurturing environment, they aim to help these businesses thrive and eventually become self-sufficient.
Official website here: www.sayreenterprisecenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Sayre Incubator Inc has received a score of 76%, which translates to a Three-Star rating. This score reflects strong accountability and financial practices, as the rating is based entirely on that category. The organization boasts a perfect score for having a majority of independent board members and a low liabilities to assets ratio, indicating a solid financial foundation.
However, there are notable weaknesses in Sayre Incubator Inc's governance practices. The organization is lacking in essential policies, such as a conflict of interest policy and a whistleblower policy, which adversely affected its overall scoring in the governance section. Despite this, the charity has shown commitment to transparency by listing documents like board meeting minutes and maintaining a high program expense ratio, with 94.11% of expenses directed toward its programs.
Prospective donors may appreciate the charity's strong financial metrics but should consider the governance gaps that could impact overall operational integrity. Addressing these policy shortcomings could enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Sayre Incubator Inc legitimate?
Sayre Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sayre 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,815
For more financial information, click here
Official website here: www.sayreenterprisecenter.com
What is the mission statement of Sayre Incubator Inc?
Sayre Incubator Inc, as a business incubator, offers management services to aid small businesses and entrepreneurs in their initial stages. Their mission is centered around supporting and nurturing these budding enterprises, providing them with the necessary resources and environment to grow and develop effectively. The enterprise center they operate serves as a hub for this process.
Official website here: www.sayreenterprisecenter.com
Who is the CEO of Sayre Incubator Inc?
Kelly Luvison is the Director of Sayre Incubator Inc.
Official website here: www.sayreenterprisecenter.com
What is the revenue of Sayre Incubator Inc?
Sayre Incubator Inc's revenue in 2022 was $546,620.
Official website here: www.sayreenterprisecenter.com
Who are the executives of Sayre Incubator Inc and what are their salaries?
The average compensation at Sayre Incubator Inc during 2022 was $10,704. There are 4 employees at Sayre Incubator Inc.
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Official website here: www.sayreenterprisecenter.com
Where can I find the form 990 for Sayre Incubator Inc?
Sayre Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sayreenterprisecenter.com
Learn more at the official website: www.sayreenterprisecenter.com
Mission Statement of Sayre Incubator Inc
Sayre Incubator Inc, as a business incubator, is dedicated to providing essential management services for budding entrepreneurs and small businesses. Their mission is to foster and cultivate these new ventures in their formative stages, serving as a supportive environment for their growth. By operating an enterprise center, Sayre Incubator Inc acts as a nurturing ground where these businesses can develop and thrive.
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Impact
July, 2024
Sayre Incubator Inc's impact lies in its dedicated support and nurturing of new businesses and entrepreneurs in their early stages of development. By providing essential management services through its operation of the enterprise center, Sayre Incubator plays a crucial role in fostering the growth and success of small businesses within the community. This support not only empowers entrepreneurs to pursue their visions but also contributes to the overall improvement and vitality of the local business ecosystem.
This information is meant to be a general summary of Sayre 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 2022.
- Investment Income: $1,132
- Program Service Revenue: $512,212
- Gross Receipts: $546,620
Assets and Liabilities:
- Total Assets: $1,811,777
- Total Liabilities: $283,647
- Net Assets: $1,528,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENT
Revenue
$512,212
Organization Details
Principal Officer
Kelly Luvison
Main Address
703 S ELMER AVE, SAYRE, PA, 18840
NTEE Category
Code: S30 - Community improvement
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