Overview
What is Innovation For Green Advanced Transportation Excellence Dev Corp?
Innovation For Green Advanced Transportation Excellence Development Corporation, often abbreviated as I-GATE, is a nonprofit organization based in Livermore, California. Their primary mission is to foster technology-driven economic development and promote positive social impact in the Tri-Valley region of California. They achieve this by providing incubation services to technology-based startups through their commercialization center. This center, located near two Department of Energy national laboratories, offers office and research & development space to companies working on innovative green transportation and clean energy technologies. With a team of three dedicated individuals, I-GATE aims to support the growth of these new science and technology companies, contributing to a more sustainable future.
Official website here: www.igateihub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating.
Innovation For Green Advanced Transportation Excellence Dev Corp has received a Two-Star rating, indicating some concerns in its accountability and finance practices. While the organization boasts a solid program expense ratio of 74.15%, demonstrating effective allocation towards its mission, there are significant gaps in governance policies, specifically the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which raises concerns about transparency and oversight.
On a positive note, the organization features a majority independent board, which is a strength, as it fosters unbiased decision-making. However, the board's size includes only two independent members, which may limit its effectiveness. The organization's financial health appears stable, with a low liabilities to assets ratio of 0.16%, indicating sound management of resources. Overall, while the nonprofit shows promise in its mission-related spending, it needs to address its governance deficiencies to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation For Green Advanced Transportation Excellence Dev Corp legitimate?
Innovation For Green Advanced Transportation Excellence Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation For Green Advanced Transportation Excellence Dev 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: $112,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,568
For more financial information, click here
Official website here: www.igateihub.org
What is the mission statement of Innovation For Green Advanced Transportation Excellence Dev Corp?
The Innovation For Green Advanced Transportation Excellence Dev Corp's mission is centered around fostering technology-driven economic development and promoting positive social impact. Their primary focus is on supporting new companies that specialize in green transportation and clean energy technologies. By operating a commercialization center, they provide office and research space, enabling these startups to innovate and develop their technologies effectively. This initiative aims to contribute to a more sustainable and technologically advanced future.
Official website here: www.igateihub.org
Who is the CEO of Innovation For Green Advanced Transportation Excellence Dev Corp?
Yolanda Fintschenko is the Secretary of Innovation For Green Advanced Transportation Excellence Dev Corp.
Official website here: www.igateihub.org
What is the revenue of Innovation For Green Advanced Transportation Excellence Dev Corp?
Innovation For Green Advanced Transportation Excellence Dev Corp's revenue in 2023 was $484,417.
Official website here: www.igateihub.org
Who are the executives of Innovation For Green Advanced Transportation Excellence Dev Corp and what are their salaries?
The average compensation at Innovation For Green Advanced Transportation Excellence Dev Corp during 2023 was $46,023. There are 3 employees and 2 volunteers at Innovation For Green Advanced Transportation Excellence Dev Corp.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $31,250
- Related: $0
- Other: $0
Official website here: www.igateihub.org
Where can I find the form 990 for Innovation For Green Advanced Transportation Excellence Dev Corp?
Innovation For Green Advanced Transportation Excellence Dev Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.igateihub.org
Learn more at the official website: www.igateihub.org
Mission Statement of Innovation For Green Advanced Transportation Excellence Dev Corp
Innovation For Green Advanced Transportation Excellence Dev Corp, often referred to as I-Gate Development Corp, is dedicated to fostering technology-driven economic growth and promoting positive social impact in the Tri-Valley, California region. Their mission is centered around supporting new science and technology companies, specifically those focused on developing green transportation and clean energy solutions. By providing incubation services through the operation of a commercialization center, I-Gate offers office and research & development space to these innovative technology startups. This center is strategically located near two Department of Energy national laboratories in Livermore, California, including Lawrence Livermore Lab and Sandia Labs. The commercialization center serves as a hub for these technology-driven companies, providing them with the necessary resources to develop and bring their groundbreaking technologies to life.
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Impact
July, 2024
The impact of Innovation For Green Advanced Transportation Excellence Dev Corp is focused on fostering technology-based economic development for positive social impact in the Tri-Valley, CA region. They support new science and technology companies in developing green transportation and clean energy solutions. Their work contributes to the growth of innovative technologies and businesses in the region, which in turn can lead to environmental benefits and economic growth.
This information is meant to be a general summary of Innovation For Green Advanced Transportation Excellence Dev 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 2023.
- Investment Income: -$17,571
- Program Service Revenue: $79,490
- Gross Receipts: $501,989
Assets and Liabilities:
- Total Assets: $525,201
- Total Liabilities: $869
- Net Assets: $524,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$79,490
Organization Details
Founding Year
2010
Phone
(925) 231-2333Principal Officer
Yolanda Fintschenko
Main Address
7683 SOUTHFRONT RD 230, LIVERMORE, CA, 94551
Website
www.igateihub.orgNTEE Category
Code: S30 - Community improvement
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