Overview
What is Entrepreneur Startup Business Development Corporation?
The Entrepreneur Startup Business Development Corporation, commonly known as Arch Grants, is a nonprofit organization based in St. Louis, Missouri. Their primary mission is to promote community development and economic revitalization by offering equity-free grants to innovative startups willing to establish their headquarters in St. Louis. Through an annual competitive grant program, Arch Grants retains and attracts talented innovators to the city, aiming to foster a thriving entrepreneurial ecosystem and cultivate future leaders and philanthropists. In 2022, Arch Grants awarded $14.15 million in grants to 230 companies, including 23 full $75,000 awards and 13 relocation grants of $25,000, as well as six follow-on grants to previously funded companies. The corporation, with a team of 12 employees, has received thousands of applications from around the world since its inception in 2012.
Official website here: www.archgrants.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Entrepreneur Startup Business Development Corporation has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, highlighting its strong performance in accountability and finance, as well as its commitment to culture and community. With a perfect score of 100% for Accountability & Finance, the organization demonstrates robust financial health and transparency. Key indicators such as a fully independent board, effective oversight measures, and an exemplary program expense ratio underscore its commitment to responsible financial management.
The organization excels in maintaining a low liabilities-to-assets ratio and an impressive fundraising efficiency ratio, reflecting its ability to effectively utilize resources for its programs. Additionally, the presence of clear policies regarding conflict of interest and whistleblower protections indicates a strong governance framework. These factors contribute to a solid foundation for its operational effectiveness and trustworthiness.
Moreover, the organization scores 100% in Culture & Community, with high marks in equity strategies enhancing its reputation as a socially responsible entity. While the data showcases numerous strengths, ongoing engagement with stakeholders and community members will be essential to further bolster its impact and outreach. Overall, the Entrepreneur Startup Business Development Corporation stands out as a highly effective nonprofit dedicated to supporting entrepreneurial initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Entrepreneur Startup Business Development Corporation?
96% of 11 reviewers on Facebook recommend the Entrepreneur Startup Business Development Corporation. Here's a summary of their insights:
Many users express gratitude for the resources provided, particularly highlighting the effectiveness of the Arch Grants resource page in facilitating successful recruitment processes. This has been particularly beneficial for businesses looking to tap into local talent pools, demonstrating the organization's commitment to supporting startups in their growth journey.
Overall, the sentiment is overwhelmingly positive, with users appreciating the valuable tools and support offered by the corporation. It seems that the organization delivers on its promises, making a significant impact on the entrepreneurial community in St. Louis.
This AI summary has been generated from reviews found on Facebook.
Is Entrepreneur Startup Business Development Corporation legitimate?
Entrepreneur Startup Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Entrepreneur Startup Business Development Corporation 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: $237,107
Professional Fundraising Fees: $0
Other Salaries and Wages: $581,690
For more financial information, click here
Official website here: www.archgrants.org
What is the mission statement of Entrepreneur Startup Business Development Corporation?
The Entrepreneur Startup Business Development Corporation, often referred to as Arch Grants, aims to stimulate economic growth and community revitalization by offering equity-free grants of up to $100,000 to innovative entrepreneurs willing to establish their businesses within the corporation's jurisdiction. Arch Grants conducts an annual, highly competitive startup competition to retain and attract talented innovators, thereby boosting entrepreneurial activity and nurturing the upcoming generation of employers, civic leaders, and philanthropists. This initiative is a proactive measure to foster a vibrant entrepreneurial landscape.
Official website here: www.archgrants.org
Who is the CEO of Entrepreneur Startup Business Development Corporation?
Elizabeth Zucker is the President of Entrepreneur Startup Business Development Corporation.
Official website here: www.archgrants.org
What is the revenue of Entrepreneur Startup Business Development Corporation?
Entrepreneur Startup Business Development Corporation's revenue in 2022 was $2,347,434.
Official website here: www.archgrants.org
Who are the executives of Entrepreneur Startup Business Development Corporation and what are their salaries?
The average compensation at Entrepreneur Startup Business Development Corporation during 2022 was $68,233. There are 12 employees and 380 volunteers at Entrepreneur Startup Business Development Corporation.
Here are 15 key members and their salaries:
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- Compensation: $172,592
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- Compensation: $33,547
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- Other: $2,098
Official website here: www.archgrants.org
Where can I find the form 990 for Entrepreneur Startup Business Development Corporation?
Entrepreneur Startup Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archgrants.org
Learn more at the official website: www.archgrants.org
Mission Statement of Entrepreneur Startup Business Development Corporation
Entrepreneur Startup Business Development Corporation, often abbreviated as Arch Grants, is committed to fostering community development in St. Louis through an annual grant competition for start-up companies. The organization's mission is to stimulate economic growth and community revitalization by offering equity-free grants of up to $100,000 to ambitious entrepreneurs willing to establish their businesses in St. Louis. Arch Grants conducts a rigorous and competitive annual competition to attract and retain top innovators, aiming to increase entrepreneurial activity in St. Louis and cultivate the next generation of employers, civic leaders, and philanthropists in the city. This initiative is a proactive effort by Arch Grants to support startup entrepreneurs and contribute to the long-term economic development and vibrancy of St. Louis.
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Impact
October, 2024
The Entrepreneur Startup Business Development Corporation significantly impacts the St. Louis community by fostering economic development and revitalization through its innovative grant programs. By offering equity-free grants of up to $100,000 to startup entrepreneurs, the organization addresses the crucial gap in access to capital that many new businesses face. This initiative not only supports the growth and establishment of local startups but also contributes to job creation, combating blight, and enhancing overall community development.
In 2022 alone, the organization awarded 23 new grants, including both relocation grants and follow-on grants for previously funded companies, amounting to a total of $14.15 million distributed since its inception in 2012. These grants entice talented entrepreneurs from across the globe—receiving thousands of applications from 49 states and 93 countries—aiming to settle and bring their innovative ideas to St. Louis.
Through its competitive annual startup competition, the Entrepreneur Startup Business Development Corporation is not only attracting the best innovators to the region but is also cultivating a new generation of employers and civic leaders, thereby seeding a community rich in economic potential and philanthropic spirit. This multi-faceted approach to community improvement stands as a vital pillar in enhancing St. Louis city's entrepreneurial landscape.
This information is meant to be a general summary of Entrepreneur Startup Business Development 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: $1,116,164
- Gross Receipts: $5,569,207
Assets and Liabilities:
- Total Assets: $24,747,654
- Total Liabilities: $1,634,156
- Net Assets: $23,113,498
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Organization Details
Founding Year
2010
Phone
(314) 272-4857Principal Officer
Elizabeth Zucker
Main Address
2315 LOCUST STREET 2B, ST LOUIS, MO, 63103
Website
www.archgrants.orgNTEE Category
Code: S30 - Community improvement
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