Overview
What is Cultivate?
Cultivate is a nonprofit organization situated in Grove City, Ohio, with a postal address at 3989 Broadway. Their primary mission is to foster entrepreneurial growth by offering start-up companies a conducive work space, advanced technology, and expert guidance. In 2022, they aided 574 clients, with their incubator spaces housing 204 of these businesses, which collectively employed 1133 individuals or sole proprietors. The organization's purpose is to support the development and growth of emerging enterprises, contributing to the local economy and fostering innovation.
Official website here: www.cultivatesmb.com
Is Cultivate legitimate?
Cultivate is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cultivate 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:
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Other Salaries and Wages: $96,710
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Official website here: www.cultivatesmb.com
What is the mission statement of Cultivate?
Cultivate's mission is centered around promoting entrepreneurial growth. They achieve this by offering a conducive work environment, essential technology, and professional guidance to budding companies. By doing so, they aim to aid in the development and success of these start-ups. In 2022, Cultivate assisted 574 clients, with their incubator spaces accommodating 204 of these businesses, employing a total of 1133 individuals or sole proprietors as of December 31, 2022.
Official website here: www.cultivatesmb.com
Who is the CEO of Cultivate?
Matthew B Yerkes is the Chairman-Trustee of Cultivate.
Official website here: www.cultivatesmb.com
What is the revenue of Cultivate?
Cultivate's revenue in 2022 was $316,516.
Official website here: www.cultivatesmb.com
Who are the executives of Cultivate and what are their salaries?
The average compensation at Cultivate during 2022 was $16,118. There are 6 employees at Cultivate.
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Official website here: www.cultivatesmb.com
Where can I find the form 990 for Cultivate?
Cultivate's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cultivatesmb.com
Learn more at the official website: www.cultivatesmb.com
Mission Statement of Cultivate
Cultivate, as an organization, is committed to nurturing entrepreneurial development. It accomplishes this by offering a conducive workspace, cutting-edge technology, and valuable professional guidance to budding businesses and independent entrepreneurs. The primary goal of Cultivate is to empower these start-up ventures in their growth journey, providing them with the necessary resources to thrive. As of 2022, the organization has assisted 574 clients, housing 204 of them in its incubator spaces, resulting in a workforce of 1133 employees and sole proprietors.
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Impact
October, 2024
Cultivate significantly impacts the entrepreneurial landscape in Grove City, Ohio, by fostering the growth of start-up companies through essential support services. In 2022, it assisted 574 clients, creating a vibrant ecosystem for innovation and entrepreneurship. Within its incubator spaces, it housed 204 clients who collectively employed 1,133 individuals, highlighting its role as a catalyst for job creation and economic development.
By providing a collaborative workspace, access to technology, and expert professional guidance, Cultivate enables emerging businesses to thrive. This support not only enhances the capabilities of individual entrepreneurs but also contributes to the overall improvement of the community, driving sustainable economic growth and fostering a culture of innovation. The tangible outcomes of its efforts underscore its commitment to empowering local entrepreneurs and transforming the business landscape in Grove City.
This information is meant to be a general summary of Cultivate. 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.
- Gross Receipts: $316,516
Assets and Liabilities:
- Total Assets: $20,955
- Total Liabilities: $11,142
- Net Assets: $9,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Office Space
Organization Details
Founding Year
2016
Phone
(614) 594-0046Principal Officer
Matthew B Yerkes
Main Address
3989 Broadway, Grove City, OH, 43123
Website
www.cultivatesmb.comNTEE Category
Code: S43 - Community improvement
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