Overview
What is New Ulm Business Resource And Innovation Center Inc?
New Ulm Business Resource and Innovation Center Inc, based in New Ulm, Minnesota, is a nonprofit organization committed to fostering economic growth and development in the region. In 2022, the organization saw significant progress, selling several lots for redevelopment and defining its focus for future years through a strategic planning retreat. The organization continues to educate the community about various economic development aspects and opportunities, maintaining a relationship with the CTE Center at ISD 88, which was funded in 2021 to provide students with job-related training and enhance the workforce with necessary skills. The organization's mission is to act as a catalyst for promoting the economic well-being of New Ulm, with a team of one dedicated individual.
Official website here: www.nubric.org
Is New Ulm Business Resource And Innovation Center Inc legitimate?
New Ulm Business Resource And Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Ulm Business Resource And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,327
For more financial information, click here
Official website here: www.nubric.org
What is the mission statement of New Ulm Business Resource And Innovation Center Inc?
The New Ulm Business Resource and Innovation Center Inc serves as a catalyst for promoting the economic well-being of its community. In 2022, the organization continued its efforts in supporting economic development, selling several lots for redevelopment and holding a strategic planning retreat to define its focus for the coming years. It continues to educate the community on various aspects of economic development and opportunities that exist, including maintaining a relationship with the CTE Center at ISD 88, which was funded in 2021 to provide current students with training for jobs requiring technical certification. This initiative aims to improve economic development by increasing the needed workforce skills.
Official website here: www.nubric.org
Who is the CEO of New Ulm Business Resource And Innovation Center Inc?
Mike Lieb is the Executive Di of New Ulm Business Resource And Innovation Center Inc.
Official website here: www.nubric.org
What is the revenue of New Ulm Business Resource And Innovation Center Inc?
New Ulm Business Resource And Innovation Center Inc's revenue in 2022 was -$38,317.
Official website here: www.nubric.org
Who are the executives of New Ulm Business Resource And Innovation Center Inc and what are their salaries?
The average compensation at New Ulm Business Resource And Innovation Center Inc during 2022 was $40,327. There is 1 employee and 15 volunteers at New Ulm Business Resource And Innovation Center Inc.
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Official website here: www.nubric.org
Where can I find the form 990 for New Ulm Business Resource And Innovation Center Inc?
New Ulm Business Resource And Innovation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nubric.org
Learn more at the official website: www.nubric.org
Mission Statement of New Ulm Business Resource And Innovation Center Inc
New Ulm Business Resource and Innovation Center Inc, often referred to as NUBRIC, is dedicated to acting as a catalyst for the promotion of economic well-being in its community. This nonprofit organization's mission is to drive economic growth and development within New Ulm, utilizing various strategies and initiatives.
In pursuit of its mission, NUBRIC focuses on educating the community about the various aspects of economic development and the opportunities available. The organization fosters partnerships with local organizations, such as the CTE Center at ISD 88, to provide current students with the necessary training for jobs requiring technical certification. This approach aims to enhance economic development by improving the workforce skills available in the community.
Throughout the year, NUBRIC continues to identify and support future development opportunities. In 2022, the organization sold several lots that were held for potential redevelopment, demonstrating its commitment to driving economic growth in the area. Moreover, NUBRIC held a strategic planning retreat to define its focus for the coming years, ensuring that it remains aligned with its mission and the changing needs of the community.
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Impact
October, 2024
New Ulm Business Resource and Innovation Center Inc. plays a crucial role in enhancing the economic vitality of New Ulm, MN. By actively engaging in the redevelopment of land and facilitating strategic planning, the organization directly influences the community's growth and development trajectory. In 2022, several lots were sold for future projects, signaling a commitment to reinvigorate the local economy and create new opportunities for residents.
Furthermore, the center emphasizes education and workforce development, notably through its collaboration with the CTE Center at ISD 88. This initiative aims to equip students with technical certifications, addressing the community's workforce needs while simultaneously preparing new generations for successful careers. Through ongoing education about economic development opportunities, the center fosters a greater understanding within the community of how these elements interconnect and contribute to overall well-being.
The center’s focus on promoting local economic interests and partnering with educational institutions highlights its impact as a catalyst for sustainable growth and community improvement in New Ulm.
This information is meant to be a general summary of New Ulm Business Resource And 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: -$79,967
- Gross Receipts: $335,852
Assets and Liabilities:
- Total Assets: $946,954
- Total Liabilities: $20,496
- Net Assets: $926,458
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Organization Details
Founding Year
1995
Phone
(763) 213-6878Principal Officer
Mike Lieb
Main Address
PO BOX 442, NEW ULM, MN, 56073
Website
www.nubric.orgNTEE Category
Code: S30 - Community improvement
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