Overview
What is Innovation Connector Inc?
Innovation Connector Inc, situated in Muncie, Indiana, serves as the primary advocate for the growth of technology-driven businesses in East Central Indiana. With a mission to attract technological firms, this nonprofit organization aims to enhance the economic prosperity of the region. Although the specifics of their schedule or events are not provided, their main focus is on fostering the creation of emerging technology companies. The nonprofit operates with a modest workforce of four individuals, demonstrating their commitment to this mission.
Official website here: www.innovationconnector.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Innovation Connector Inc has achieved an 80% score, which reflects its strong performance in accountability and finance. The organization boasts a fully independent board, demonstrating commitment to governance, with all board members being independent. The fiscal management is commendable, highlighted by high ratings in program expense ratio and financial statement reviews, indicating effective use of resources towards its mission.
While the charity excels in many areas, there are noted gaps, particularly in governance policies, as it lacks documented conflict of interest and whistleblower policies. Additionally, the organization does not have a document retention and destruction policy in place. These missing elements suggest potential areas for improvement in organizational transparency and ethics, even though the financial health appears solid based on the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Connector Inc legitimate?
Innovation Connector Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Connector 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: $313,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.innovationconnector.org
What is the mission statement of Innovation Connector Inc?
Innovation Connector Inc's mission is to serve as the primary sponsor in bringing technological firms into operation. In essence, they aim to foster the emergence of technology-driven companies that can contribute positively to the economy. Their activities are centered around assisting in the creation of these emerging tech companies, ultimately aiming to promote economic growth.
In simpler terms, Innovation Connector Inc plays a crucial role in attracting tech firms and helping establish new technology-based businesses. This initiative is expected to bolster the economic growth of the respective community.
Official website here: www.innovationconnector.org
Who is the CEO of Innovation Connector Inc?
Ted Baker is the Chairman Of The Board of Innovation Connector Inc.
Official website here: www.innovationconnector.org
What is the revenue of Innovation Connector Inc?
Innovation Connector Inc's revenue in 2022 was $750,717.
Official website here: www.innovationconnector.org
Who are the executives of Innovation Connector Inc and what are their salaries?
The average compensation at Innovation Connector Inc during 2022 was $78,487. There are 4 employees at Innovation Connector Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $148,464
- Related: $0
- Other: $0
Official website here: www.innovationconnector.org
Where can I find the form 990 for Innovation Connector Inc?
Innovation Connector Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationconnector.org
Learn more at the official website: www.innovationconnector.org
Mission Statement of Innovation Connector Inc
Innovation Connector Inc, as the primary sponsor, is committed to attracting technological firms. Their mission is to foster the development of emerging technology-based companies in an aim to enhance the economic growth of the region. By providing assistance, Innovation Connector Inc plays a crucial role in establishing these tech-driven companies, ultimately contributing to the overall improvement of East Central Indiana's economy.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Innovation Connector Inc significantly impacts East Central Indiana by fostering the growth of emerging technology-based companies. By actively bringing in technological firms, it enhances the region's economic landscape and creates job opportunities. This initiative not only drives innovation but also strengthens the local community, contributing to overall improvement in quality of life. Through its efforts, Innovation Connector Inc positions East Central Indiana as a hub for technological advancement, ultimately transforming the area into a vibrant ecosystem for startups and established tech firms alike.
This information is meant to be a general summary of Innovation Connector 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: $45
- Program Service Revenue: $255,462
- Gross Receipts: $750,717
Assets and Liabilities:
- Total Assets: $2,711,069
- Total Liabilities: $1,511,747
- Net Assets: $1,199,322
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE REVENUE
Revenue
$212,940
SPECIAL EVENT INCOME
Revenue
$22,010
CODING CONNECTOR
Revenue
$12,554
MISC PROGRAM
Revenue
$4,358
SEMINAR INCOME
Revenue
$3,600
Organization Details
Founding Year
2001
Phone
(765) 285-4900Principal Officer
Ted Baker
Main Address
1208 WEST WHITE RIVER BLVD, MUNCIE, IN, 47303
Website
www.innovationconnector.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Innovation Connector Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.