Overview
What is Hamilton County Buiness Center Inc?
Hamilton County Business Center Inc, based in Cincinnati, Ohio, is a nonprofit organization dedicated to fostering entrepreneurial growth in the Southwest Ohio marketplace. They offer business incubation services to early-stage, innovative businesses, providing essential resources such as business coaching, mentorship, access to capital, programming, connections, and an entrepreneurially conducive environment. Their mission facility, spanning over 72,000 square feet, offers start-up space to support these businesses. The organization's primary objective is to contribute to economic development in the state of Ohio.
Official website here: www.alloydev.org/growth-lab
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Hamilton County Business Center Inc has earned a solid Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. This rating is particularly notable as it is based entirely on a single beacon score that reflects the organization's effective management of funds and resources during the fiscal year 2022.
The nonprofit showcases impressive governance practices, with a fully independent board and a high score for financial oversight. Their accountability measures include comprehensive policies for conflict of interest and whistleblowing, as well as transparent documentation of board meeting minutes. Additionally, they maintain a low liabilities to assets ratio and a high program expense ratio, demonstrating efficient use of donations towards their mission.
Despite the high scores in accountability and finance, no additional information was provided regarding the specific programs or services offered by the Hamilton County Business Center Inc. This limits the understanding of the overall impact and outreach of the organization. Overall, the high rating reflects well on the organization's management practices, but further insight into its initiatives would provide a more complete picture.
This AI summary has been generated from information found on Charity Navigator.
Is Hamilton County Buiness Center Inc legitimate?
Hamilton County Buiness Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamilton County Buiness Center 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: $126,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alloydev.org/growth-lab
What is the mission statement of Hamilton County Buiness Center Inc?
The Hamilton County Business Center Inc is committed to fostering economic and entrepreneurial growth within Ohio. They accomplish this by offering business incubation and outreach services to early-stage, innovative businesses in the southwest Ohio marketplace. This is achieved through business coaching, access to mentoring, capital assistance, programming, connections, and an entrepreneurially conducive environment. The organization maintains a mixed-use facility, providing over 72,000 square feet of startup space, to support these businesses in their growth journey.
Official website here: www.alloydev.org/growth-lab
Who is the CEO of Hamilton County Buiness Center Inc?
Patrick N Longo is the Chair, Board Of Directors of Hamilton County Buiness Center Inc.
Official website here: www.alloydev.org/growth-lab
What is the revenue of Hamilton County Buiness Center Inc?
Hamilton County Buiness Center Inc's revenue in 2022 was $1,243,578.
Official website here: www.alloydev.org/growth-lab
Who are the executives of Hamilton County Buiness Center Inc and what are their salaries?
There 15 volunteers at Hamilton County Buiness Center Inc.
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- Related: $201,156
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- Compensation: $94,633
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- Other: $32,227
Official website here: www.alloydev.org/growth-lab
Where can I find the form 990 for Hamilton County Buiness Center Inc?
Hamilton County Buiness Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alloydev.org/growth-lab
Learn more at the official website: www.alloydev.org/growth-lab
Mission Statement of Hamilton County Buiness Center Inc
Hamilton County Business Center Inc is committed to fostering economic growth and entrepreneurial development within the state of Ohio. In pursuit of this mission, the organization provides a range of services to support early-stage, innovative businesses in the southwest Ohio marketplace. This support includes business coaching, mentoring opportunities, access to capital, programming, connections, and creating an environment conducive to entrepreneurship. The organization operates a mixed-use facility, offering over 72,000 square feet of startup space, further facilitating the growth of these enterprises.
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Impact
October, 2024
Hamilton County Business Center Inc is pivotal in fostering economic and entrepreneurial development in Ohio, particularly within the Southwest Ohio marketplace. By providing business incubation and outreach services, it supports early-stage, innovative businesses through tailored business coaching and access to mentoring. This organization enhances the entrepreneurial ecosystem by facilitating connections and providing essential resources for startups.
With over 72,000 square feet of mixed-use space, it creates an environment conducive to innovation and growth. Access to capital and specialized programming further empowers entrepreneurs, allowing them to navigate the complexities of launching and sustaining a business. Overall, Hamilton County Business Center Inc plays a critical role in not only supporting individual businesses but also contributing to the broader economic vitality of the region.
This information is meant to be a general summary of Hamilton County Buiness Center 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: $316
- Program Service Revenue: $700,846
- Gross Receipts: $1,243,578
Assets and Liabilities:
- Total Assets: $1,060,683
- Total Liabilities: $125,734
- Net Assets: $934,949
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$518,052
SERVICE INCOME
Revenue
$182,794
Organization Details
Founding Year
1989
Phone
(513) 631-8292Principal Officer
Patrick N Longo
Main Address
1776 MENTOR AVENUE 100, CINCINNATI, OH, 45212
Website
www.alloydev.org/growth-labNTEE Category
Code: S30Z - Community improvement
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