Overview
What is Northeast Indiana Innovation Center Inc?
The Northeast Indiana Innovation Center Inc, based in Fort Wayne, Indiana, is a distinguished entrepreneurship resource center. For over two decades, it has been committed to fostering a vibrant entrepreneurial community, focusing on the four essential pillars of venture success: capital, talent, workspaces, and networks. With numerous knowledge workers on its Innovation Park campus and programs spread across Northeast Indiana, the center serves as the region's largest and most diverse entrepreneurial ecosystem. Its mission is to put business growth, innovation, and entrepreneurship into action for the benefit of Northeast Indiana, acting as a comprehensive community-oriented support organization.
Official website here: www.niic.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 98% (Four-Star out of Four Star rating)
The Northeast Indiana Innovation Center Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100 in this category, the organization demonstrates excellent fiscal management and transparency, including an independent board and robust oversight practices. The organization has consistently maintained a low ratio of liabilities to assets, indicating solid financial health.
In terms of program efficiency, the center allocates over 80% of its expenses directly to its programs, showcasing a commitment to maximizing its impact in the community. Additionally, the organization has well-documented policies regarding conflicts of interest, whistleblower protections, and document retention, which further enhance its governance standards.
While the organization scores slightly lower in the Culture & Community category with an 83%, this still reflects a positive approach towards equity strategies. Overall, the Northeast Indiana Innovation Center Inc stands out for its strong accountability practices and financial management, making it a trustworthy choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Indiana Innovation Center Inc legitimate?
Northeast Indiana Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Indiana Innovation 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: $212,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,397
For more financial information, click here
Official website here: www.niic.net
What is the mission statement of Northeast Indiana Innovation Center Inc?
The Northeast Indiana Innovation Center Inc is a comprehensive entrepreneurial center with a mission to promote business growth, innovation, and entrepreneurship, working to benefit the wider community, not just Indiana specifically. As a community entrepreneurial support organization, its primary goal is to accelerate the growth and development of innovative businesses, enhancing their chances of success. For over two decades, the center has fostered an entrepreneurial community, aligning and leveraging the four key components of venture success: capital, talent, workspaces, and networks. Today, with numerous knowledge workers on its Innovation Park campus and programs spread across Northeast Indiana, the Northeast Indiana Innovation Center is recognized as the region's largest and most diverse entrepreneurial ecosystem.
Official website here: www.niic.net
Who is the CEO of Northeast Indiana Innovation Center Inc?
Michael Fritsch is the President / of Northeast Indiana Innovation Center Inc.
Official website here: www.niic.net
What is the revenue of Northeast Indiana Innovation Center Inc?
Northeast Indiana Innovation Center Inc's revenue in 2022 was $2,117,873.
Official website here: www.niic.net
Who are the executives of Northeast Indiana Innovation Center Inc and what are their salaries?
The average compensation at Northeast Indiana Innovation Center Inc during 2022 was $46,246. There are 16 employees and 50 volunteers at Northeast Indiana Innovation Center Inc.
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Official website here: www.niic.net
Where can I find the form 990 for Northeast Indiana Innovation Center Inc?
Northeast Indiana Innovation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.niic.net
Learn more at the official website: www.niic.net
Mission Statement of Northeast Indiana Innovation Center Inc
The Northeast Indiana Innovation Center Inc, as a comprehensive entrepreneurial center, is committed to putting business growth, innovation, and entrepreneurship into action for the benefit of Indiana. This community entrepreneurial support organization's mission is to foster an environment that encourages the success of innovative businesses. For over two decades, the Northeast Indiana Innovation Center has played a significant role in cultivating a vibrant entrepreneurial community, aligning and leveraging the four pillars of venture success: capital, talent, workspaces, and networks. Today, the center, with a large number of knowledge workers on its innovation park campus, is recognized as the region's largest and most diverse entrepreneurial ecosystem, providing programs and resources throughout Northeast Indiana.
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Impact
October, 2024
Northeast Indiana Innovation Center Inc plays a vital role in fostering business growth and entrepreneurship in the region. With over 23 years of experience, it serves as a comprehensive resource center dedicated to enhancing the development of innovative businesses. The center is recognized nationally for its best-in-class services and works to increase the success rate of startups and established companies alike.
Central to its impact are the four pillars of venture success: capital, talent, workspaces, and networks. By aligning these resources, the Innovation Center creates an entrepreneurial ecosystem that not only supports individual businesses but also strengthens the overall economic landscape of Northeast Indiana. Its Innovation Park campus is home to numerous knowledge workers, facilitating collaboration and innovation.
Through various programs and initiatives throughout the region, the center promotes a vibrant community focused on entrepreneurship, driving economic development and improving the quality of life for residents. The cumulative effect of these efforts enhances the likelihood of business success and positions the region as a hub for innovation and growth.
This information is meant to be a general summary of Northeast Indiana Innovation 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: $50,704
- Program Service Revenue: $799,735
- Gross Receipts: $2,181,533
Assets and Liabilities:
- Total Assets: $9,489,244
- Total Liabilities: $663,044
- Net Assets: $8,826,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$745,585
INNOVATIVE PROPERTY MGMT GR
Revenue
$54,150
Organization Details
Founding Year
2000
Phone
(260) 407-6442Principal Officer
Michael Fritsch
Main Address
3201 STELLHORN ROAD, FORT WAYNE, IN, 46815
Website
www.niic.netNTEE Category
Code: S30 - Community improvement
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