Overview
What is Bizdom Fund?
Bizdom Fund is a Michigan-based nonprofit organization situated in Detroit, with a focus on supporting entrepreneurship in the Detroit and Cleveland areas. Their primary mission is to aid Bizdom entrepreneurs in advancing their business ventures by providing necessary funding. The nonprofit was established specifically to manage funds for the benefit of Bizdom, another non-profit corporation, and to carry out its purposes. Through their investments, Bizdom Fund contributes to the development of local businesses in these two cities, ultimately fostering growth and prosperity in the communities they serve.
Official website here: www.bizdom.org
Is Bizdom Fund legitimate?
Bizdom Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bizdom Fund 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.bizdom.org
What is the mission statement of Bizdom Fund?
The Bizdom Fund was established with the primary purpose of managing funds specifically to benefit and support the activities of Bizdom, a Michigan non-profit corporation. Its mission is to aid entrepreneurs in progressing their business ventures, primarily in the Detroit and Cleveland areas. The fund provides financial assistance to participants of the Bizdom Academy, with the objective of fostering the development of local businesses. In essence, the Bizdom Fund serves to support and advance entrepreneurial endeavors within the designated regions, thereby contributing to local economic growth.
Official website here: www.bizdom.org
What is the revenue of Bizdom Fund?
Bizdom Fund's revenue in 2023 was $22,516.
Official website here: www.bizdom.org
Who are the executives of Bizdom Fund and what are their salaries?
There 3 volunteers at Bizdom Fund.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bizdom.org
Where can I find the form 990 for Bizdom Fund?
Bizdom Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bizdom.org
Learn more at the official website: www.bizdom.org
Mission Statement of Bizdom Fund
Bizdom Fund, a Michigan-based non-profit corporation, was established with the primary mission to manage and distribute funds exclusively for the benefit of Bizdom, another non-profit organization. The objective of Bizdom Fund is to carry out Bizdom's purposes and functions, which primarily involve assisting entrepreneurs in advancing their business ventures in the Detroit and Cleveland areas. To achieve this, Bizdom Fund provides funding to participants of the Bizdom Academy, helping them develop and grow their businesses effectively. By doing so, Bizdom Fund plays a crucial role in fostering entrepreneurial growth and business development within these two cities.
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Impact
October, 2024
Bizdom Fund significantly impacts the entrepreneurial landscape in Detroit and Cleveland by providing essential funding and support to aspiring business owners. By assisting Bizdom entrepreneurs in advancing their ventures, the organization plays a crucial role in fostering economic development and innovation within these urban centers.
Through targeted investments in students, Bizdom Fund helps cultivate a new generation of leaders and entrepreneurs, empowering them to develop and grow businesses that contribute to the local economy. This initiative not only encourages job creation but also helps to revitalize communities by enhancing the entrepreneurial ecosystem.
By focusing on youth development, Bizdom Fund is shaping the future of business in these areas, driving forward economic opportunities, and inspiring a culture of entrepreneurship. The result is a dynamic and diverse business environment that benefits both the entrepreneurs and the communities they serve.
This information is meant to be a general summary of Bizdom Fund. 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: $4,986
- Gross Receipts: $22,516
Assets and Liabilities:
- Total Assets: $2,979,862
- Total Liabilities: $997,933
- Net Assets: $1,981,929
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Organization Details
Founding Year
2009
Principal Officer
Laura Grannemann
Website
www.bizdom.orgNTEE Category
Code: O53 - Youth development
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