Overview
What is Daytonmiami Valley Entrepreneurs Center?
The Daytonmiami Valley Entrepreneurs Center, situated in Dayton, Ohio, serves as a catalyst for fostering entrepreneurial leadership across various sectors of the regional community. With a mission to incubate over 700 new entrepreneurs, this nonprofit organization aims to stimulate employment and contribute to the social welfare of the community. The Center utilizes its resources for information sharing and member assistance to equip entrepreneurs with the necessary skills and values to succeed in the marketplace. By researching, identifying, teaching, and disseminating critical skills, the Center encourages economic development and maintains a network of successful technology-based entrepreneurs for peer support. The Center's activities are concentrated in the nine-county region, promoting self-help and encouraging others to support entrepreneurship. With a workforce of 22 employees, the Daytonmiami Valley Entrepreneurs Center plays a vital role in nurturing and growing local businesses.
Official website here: www.ecinnovates.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
The Daytonmiami Valley Entrepreneurs Center has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score is predominantly derived from its strong accountability practices, as evidenced by its independent board and comprehensive financial oversight measures. Notably, the organization has a 100% independent board, which enhances its governance and decision-making processes.
The center showcases significant strengths in its financial management, achieving high scores in program expenditure and having no material diversion of assets. It also maintains essential policies such as conflict of interest and whistleblower protections, which contribute to its transparency and operational integrity. These attributes suggest that the organization prioritizes ethical standards and accountability in its operations.
However, one area of concern lies in its liabilities to assets ratio, which scored low, indicating potential financial vulnerability. While the organization effectively directs a substantial portion of its resources towards programs, the elevated liabilities may warrant closer scrutiny to ensure long-term stability. Overall, the Daytonmiami Valley Entrepreneurs Center demonstrates strong governance but may need to address its financial ratios to bolster its sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Daytonmiami Valley Entrepreneurs Center?
92% of 8 reviewers on Facebook recommend the Dayton Miami Valley Entrepreneurs Center. Here is a summary of their reviews:
The center's services appear to have made a positive impression, particularly highlighted by the friendly staff. Users appreciate the welcoming atmosphere during meetings, indicating that the environment is conducive to collaboration and support.
Overall, the sentiment leans towards satisfaction, reflecting the center's commitment to fostering a helpful and engaging space for entrepreneurs.
This AI summary has been generated from reviews found on Facebook.
Is Daytonmiami Valley Entrepreneurs Center legitimate?
Daytonmiami Valley Entrepreneurs Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daytonmiami Valley Entrepreneurs Center 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: $294,985
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,621,110
For more financial information, click here
Official website here: www.ecinnovates.com
What is the mission statement of Daytonmiami Valley Entrepreneurs Center?
The Daytonmiami Valley Entrepreneurs Center aims to serve as a catalyst for stimulating entrepreneurial leadership across various sectors of the regional community. Its mission is to incubate new technology-based businesses by utilizing its resources for information sharing and member assistance. The center identifies, teaches, and disseminates critical skills and values that enable entrepreneurs to succeed. It fosters economic development and maintains a network of successful technology-based entrepreneurs for self-help and peer support. Additionally, the center encourages others to support entrepreneurship within the nine-county region.
Official website here: www.ecinnovates.com
Who is the CEO of Daytonmiami Valley Entrepreneurs Center?
Scott Koorndyk is the Chair of Daytonmiami Valley Entrepreneurs Center.
Official website here: www.ecinnovates.com
What is the revenue of Daytonmiami Valley Entrepreneurs Center?
Daytonmiami Valley Entrepreneurs Center's revenue in 2022 was $5,517,965.
Official website here: www.ecinnovates.com
Who are the executives of Daytonmiami Valley Entrepreneurs Center and what are their salaries?
The average compensation at Daytonmiami Valley Entrepreneurs Center during 2022 was $87,095. There are 22 employees and 55 volunteers at Daytonmiami Valley Entrepreneurs Center.
Here are 24 key members and their salaries:
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- Compensation: $136,600
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- Other: $5,464
Official website here: www.ecinnovates.com
Where can I find the form 990 for Daytonmiami Valley Entrepreneurs Center?
Daytonmiami Valley Entrepreneurs Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecinnovates.com
Learn more at the official website: www.ecinnovates.com
Mission Statement of Daytonmiami Valley Entrepreneurs Center
The DaytonMiami Valley Entrepreneurs Center serves as a catalyst for stimulating entrepreneurial leadership across various sectors within its regional community. Its primary mission is to incubate new technology-based businesses by utilizing its resources for information sharing and member assistance. The center recognizes the importance of critical skills and values that enable entrepreneurs to thrive, and it is committed to researching, identifying, teaching, and disseminating these vital elements.
In addition to nurturing new entrepreneurs, the DaytonMiami Valley Entrepreneurs Center aims to foster economic development and maintain a network of successful technology-based entrepreneurs for self-help and peer support. This network provides a valuable resource for entrepreneurs in the nine-county region, offering a sense of community and mutual support as they navigate the challenging journey of establishing a presence in the marketplace. The center encourages others to support entrepreneurship, recognizing its potential to drive innovation and growth within the community.
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Impact
October, 2024
The Daytonmiami Valley Entrepreneurs Center significantly impacts the region by fostering entrepreneurial leadership and supporting the development of new technology-based businesses. By incubating over 700 new entrepreneurs, the center plays a crucial role in stimulating local employment and enhancing the community's economic welfare.
Through information sharing and member assistance, the center equips aspiring entrepreneurs with critical skills and values necessary for success in the marketplace. This initiative not only helps individuals establish their businesses but also enriches the broader economic landscape by promoting innovative practices and collaboration among entrepreneurs.
Furthermore, the center actively maintains a network of successful technology-based entrepreneurs, providing a platform for peer support and self-help that fosters an entrepreneurial spirit throughout the nine-county region. Its commitment to researching and disseminating essential entrepreneurial knowledge drives economic development and encourages a culture of entrepreneurship that benefits the entire community.
This information is meant to be a general summary of Daytonmiami Valley Entrepreneurs Center. 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: $4,007
- Program Service Revenue: $315,400
- Gross Receipts: $5,517,965
Assets and Liabilities:
- Total Assets: $3,765,130
- Total Liabilities: $3,037,221
- Net Assets: $727,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$315,400
Organization Details
Founding Year
1997
Phone
(937) 281-0098Principal Officer
Scott Koorndyk
Main Address
31 SOUTH MAIN STREET, DAYTON, OH, 45402
Website
www.ecinnovates.comNTEE Category
Code: S430 - Community improvement
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