Overview
What is Superior Business Center Inc?
Superior Business Center Inc, located in Superior, Wisconsin, functions as a nonprofit organization with a mission to stimulate economic growth in the local areas of Superior and Douglas County. They accomplish this by providing leased office spaces to small businesses, acting as a business incubator facility. The center's purpose is to support and empower these fledgling enterprises with necessary resources and technical assistance, thereby contributing to the overall development of the community.
Official website here: www.superiorbusinesscenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning a Two-Star out of Four Star rating. This rating indicates that Superior Business Center Inc has some strengths in governance and financial transparency, yet there are significant areas for improvement. The organization scored well on accountability metrics, such as having a majority independent board and no material diversion of assets, which reflects positively on its governance structure.
However, significant gaps in policies were noted, including missing conflict of interest, whistleblower, and document retention policies, which received zero points. Additionally, while the program expense ratio is strong at 86.42%, indicating that a large portion of funds is directed toward program services, the liabilities to assets ratio at 91.86% raises concerns about the organization's financial stability and sustainability.
Overall, while Superior Business Center Inc demonstrates commitment to effective programs and has a solid governance foundation, the lack of essential operational policies and high liabilities relative to assets highlight important areas that need to be addressed for improved accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Superior Business Center Inc legitimate?
Superior Business Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Superior Business 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.superiorbusinesscenter.com
What is the mission statement of Superior Business Center Inc?
The Superior Business Center Inc, as a non-profit corporation, is dedicated to fostering economic development within its community. It achieves this mission by providing both leased space and support/technical services to small businesses. By operating as a business incubator facility, the center serves the areas of Superior and Douglas County, aiming to support the growth and success of these small businesses.
Official website here: www.superiorbusinesscenter.com
Who is the CEO of Superior Business Center Inc?
Jim Caesar is the President of Superior Business Center Inc.
Official website here: www.superiorbusinesscenter.com
What is the revenue of Superior Business Center Inc?
Superior Business Center Inc's revenue in 2022 was $472,839.
Official website here: www.superiorbusinesscenter.com
Who are the executives of Superior Business Center Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.superiorbusinesscenter.com
Where can I find the form 990 for Superior Business Center Inc?
Superior Business Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.superiorbusinesscenter.com
Learn more at the official website: www.superiorbusinesscenter.com
Mission Statement of Superior Business Center Inc
The Superior Business Center (SBC) is a non-profit corporation dedicated to fostering economic development in both Superior and Douglas Counties. It accomplishes this mission by providing leased space and support/technical services to small businesses. By serving as a business incubator facility, the Superior Business Center aims to nurture the growth and success of these businesses, ultimately contributing to the economic health of the surrounding communities.
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Impact
July, 2024
Superior Business Center Inc has a significant impact on fostering economic development in Superior and Douglas County. By providing leased space and support services to small businesses through its operation of the Superior Business Center, this organization serves as a vital business incubator facility in the region. The support and resources offered by Superior Business Center Inc contribute to the growth and success of small businesses, ultimately leading to increased employment opportunities and economic prosperity in the community.
This information is meant to be a general summary of Superior Business 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.
- Program Service Revenue: $472,839
- Gross Receipts: $472,839
Assets and Liabilities:
- Total Assets: $1,278,061
- Total Liabilities: $1,174,060
- Net Assets: $104,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND RELATED FEES
Revenue
$472,839
Organization Details
Founding Year
1989
Phone
(715) 392-4749Principal Officer
Jim Caesar
Main Address
1401 TOWER AVENUE SUITE 309, SUPERIOR, WI, 54880
NTEE Category
Code: J20 - Employment
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