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Platteville Business Incubator Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391944653 ✦ Platteville, WI ✦ Designated as a 501(c)(3)

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Overview

What is Platteville Business Incubator Inc?

Platteville Business Incubator Inc is a nonprofit organization situated in Platteville, Wisconsin. Their primary mission is to stimulate the local economy by investing in small businesses or ventures demonstrating high growth potential. They provide a building for rent to new and expanding businesses, offering reduced overhead costs via amenities such as a conference room, copy machine, fax machine, break room, forklift access, and trash removal services. Additionally, the incubator offers various resources within the building to support these businesses, including a copy machine, fax machine, and access to a forklift. The organization currently employs one individual.


Official website here: www.pbii.org

Is Platteville Business Incubator Inc legitimate?

Platteville Business Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Platteville Business Incubator 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,704

For more financial information, click here


Official website here: www.pbii.org

What is the mission statement of Platteville Business Incubator Inc?

The Platteville Business Incubator Inc, as an organization, aims to bolster the local economy by investing in small businesses or ventures with significant growth potential. This is accomplished by providing them with a conducive environment, complete with resources such as a conference room, copy machine, fax machine, break room, forklift access, and trash removal services. By doing so, these businesses can reduce their overhead costs, thereby fostering their growth and development.


Official website here: www.pbii.org

Who is the CEO of Platteville Business Incubator Inc?

Nick Felder is the Director of Platteville Business Incubator Inc.


Official website here: www.pbii.org

What is the revenue of Platteville Business Incubator Inc?

Platteville Business Incubator Inc's revenue in 2022 was $227,752.


Official website here: www.pbii.org

Who are the executives of Platteville Business Incubator Inc and what are their salaries?

The average compensation at Platteville Business Incubator Inc during 2022 was $13,704. There is 1 employee at Platteville Business Incubator Inc.


Here are 13 key members and their salaries:


Jennifer Schweigert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Ruechel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Chyko (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parth Partel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Brisbois (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Stange (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicholas Felder (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Schmelz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Fritz (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Crase (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jodi Prosise (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Koziol (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pbii.org

Where can I find the form 990 for Platteville Business Incubator Inc?

Platteville Business Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pbii.org

Learn more at the official website: www.pbii.org

Mission Statement of Platteville Business Incubator Inc

Platteville Business Incubator Inc, a nonprofit organization, is dedicated to fostering the growth of Platteville's economy. They accomplish this by investing in small businesses and ventures with significant growth potential. The organization's mission is to provide a supportive environment for these businesses, enabling them to reduce their overhead costs. This is achieved by offering them shared resources such as a conference room, copy machine, fax machine, break room, access to a forklift, trash removal services, and various other tools within a rented building. By doing so, Platteville Business Incubator Inc plays a crucial role in nurturing these businesses, helping them to thrive and contribute to the overall economic development of the community.

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Impact




October, 2024

Platteville Business Incubator Inc significantly impacts the local economy by fostering the growth of small businesses with high potential. By providing affordable rental space and essential resources such as conference rooms, office equipment, and infrastructure support, the incubator reduces overhead costs for startups and expanding businesses. This support enables entrepreneurs to focus on their growth without the burden of high operational expenses.

The incubator’s commitment to investing in small business ventures directly contributes to job creation and community development. As businesses thrive, they generate employment opportunities, stimulate local spending, and enhance economic vitality within Platteville. Overall, Platteville Business Incubator Inc plays a crucial role in strengthening the economic landscape of the area, empowering entrepreneurs, and promoting sustainable growth.




This information is meant to be a general summary of Platteville Business Incubator 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.

Revenue
$227,752 (2022)
Expenses
$223,575 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,014
  • Program Service Revenue: $176,268
  • Gross Receipts: $227,752

Assets and Liabilities:

  • Total Assets: $1,097,699
  • Total Liabilities: $495,905
  • Net Assets: $601,794

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENT

Revenue

$127,212

REIMBURSED EXPENSES FO

Revenue

$48,602

PARKING LOT FEE

Revenue

$250

LASER INCOME

Revenue

$195

PROGRAM FEES

Revenue

$9

Organization Details

Founding Year

1998

Principal Officer

Nick Felder

Main Address

52 MEANS DRIVE 114A, PLATTEVILLE, WI, 53818

NTEE Category

Code: S31 - Community improvement

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