Overview
What is 62 Market Street Inc?
62 Market Street Inc is a nonprofit organization situated in Wailuku, Hawaii. Their primary mission is to revitalize the local economy and society in Maui County through a unique urban development project. This project involves constructing a mixed-use building, combining a business incubator and a commercial kitchen. The business incubator offers private office spaces, business support, counseling services, and advanced equipment and facilities for up to nine start-up or expanding service and professional businesses. Additionally, 62 Market Street Inc provides a virtual office service, which includes business address, mail and courier services, phone, fax, and web-hosting facilities, and meeting and conference facilities. This initiative aims to enhance the overall quality of life for the residents of Maui County.
Official website here: www.lokahipacific.org
Is 62 Market Street Inc legitimate?
62 Market Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 62 Market Street 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: $43
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,953
For more financial information, click here
Official website here: www.lokahipacific.org
What is the mission statement of 62 Market Street Inc?
62 Market Street Inc's mission is focused on enhancing the economic and social well-being of a specific community. They aim to achieve this through an urban revitalization project, which involves the development of a unique mixed-use property. This property includes a business incubator and a commercial kitchen, providing a conducive environment for start-ups and expanding businesses. The Lokahi Pacific Business Incubator, a part of 62 Market Street Inc., offers private office spaces, business support services, and advanced amenities to up to nine businesses. Additionally, the company provides a virtual office service, offering shared office facilities, including business address, mail services, communication facilities, and meeting spaces.
Official website here: www.lokahipacific.org
Who is the CEO of 62 Market Street Inc?
Regina S Thieman is the Chairman of 62 Market Street Inc.
Official website here: www.lokahipacific.org
What is the revenue of 62 Market Street Inc?
62 Market Street Inc's revenue in 2022 was $130,488.
Official website here: www.lokahipacific.org
Who are the executives of 62 Market Street Inc and what are their salaries?
There 8 volunteers at 62 Market Street Inc.
Here are 9 key members and their salaries:
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Official website here: www.lokahipacific.org
Where can I find the form 990 for 62 Market Street Inc?
62 Market Street Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lokahipacific.org
Learn more at the official website: www.lokahipacific.org
Mission Statement of 62 Market Street Inc
62 Market Street Inc, a mission-driven organization, is dedicated to enhancing the economic and social well-being of the residents in their community. They aim to achieve this goal through an urban revitalization project, which involves the development of a unique mixed-use property. This property comprises a business incubator and a commercial kitchen, designed to foster growth and expansion among local start-ups and established businesses.
At the heart of 62 Market Street Inc's project is the Lokahi Pacific Business Incubator. This incubator offers private office spaces, business support and counseling services, and state-of-the-art equipment and amenities to up to nine start-up or expanding service and professional businesses. By providing these resources, 62 Market Street Inc aims to contribute to the overall success and prosperity of these businesses, ultimately improving the quality of life for the community.
In addition to the business incubator, 62 Market Street Inc also operates a virtual office service, known as 62 Market Street Inc's Virtual Office. This service offers shared office facilities, including business address, mail and courier services, phone, fax answering, web-hosting services, and meeting and conference facilities. By offering these services, 62 Market Street Inc aims to support small businesses and entrepreneurs, providing them with the necessary infrastructure to operate effectively.
In summary, 62 Market Street Inc is a mission-driven organization committed to improving the quality of life in their community. They achieve this through an urban revitalization project, which includes a business incubator and a commercial kitchen, and a virtual office service, all designed to support local start-ups and established businesses. By providing these resources, 62 Market Street Inc aims to foster economic growth and social development in their community.
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Impact
October, 2024
62 Market Street Inc significantly enhances the quality of life for residents in Maui County by focusing on economic and social revitalization. Its innovative urban development project features a mixed-use design that integrates a business incubator alongside a commercial kitchen, providing essential resources for local entrepreneurs.
The Lokahi Pacific Business Incubator serves as a vital hub for up to nine start-up or expanding service and professional businesses, offering private office spaces, business support, and counseling services. This initiative not only fosters entrepreneurship but also strengthens the local economy by enabling small businesses to grow and thrive.
Additionally, the organization offers virtual office services that include a professional business address, mail and courier services, phone and fax answering, web hosting, and access to meeting and conference facilities. This versatility allows businesses to operate more efficiently and professionally, further contributing to the economic vitality of the region.
Overall, 62 Market Street Inc plays a crucial role in elevating the entrepreneurial landscape in Wailuku, providing the tools and support necessary for businesses to succeed while simultaneously promoting community improvement and collaboration.
This information is meant to be a general summary of 62 Market Street 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.
- Program Service Revenue: $120,127
- Gross Receipts: $130,488
Assets and Liabilities:
- Total Assets: $2,056,005
- Total Liabilities: $2,851,603
- Net Assets: -$795,598
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR OFFICE RENT FEES
Revenue
$54,961
CAFE RENT
Revenue
$26,580
RESTAURANT CAM
Revenue
$18,922
COMMERCIAL KITCHEN
Revenue
$17,145
TRANSIENT INCUBATOR RENT
Revenue
$1,875
Organization Details
Founding Year
2007
Phone
(808) 242-5761Principal Officer
Regina S Thieman
Main Address
1935 MAIN ST SUITE 204, WAILUKU, HI, 96793
Website
www.lokahipacific.orgNTEE Category
Code: S30 - Community improvement
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