Overview
What is Und Center For Innovation Foundation?
The UND Center for Innovation Foundation, situated in Grand Forks, North Dakota, is a nonprofit organization that primarily serves the University of North Dakota. Its principal aim is to foster entrepreneurship and innovation, both within the university and the wider state of North Dakota. The foundation operates the Ina Mae Rude Entrepreneur Center, a business incubation facility, offering licensed space to tenants. This center encourages commercialization activities, contributing to the state's economic development. The foundation's activities are centered around experiential, engaged learning experiences, and it offers innovation consulting, entrepreneur seminars, and workshops, along with business coaching for innovators. Additionally, it provides fiscal management and operational support for projects funded mainly by state grants. The foundation's outreach programs and educational services focus on innovation, entrepreneurial activity, technology commercialization, startup funding strategies, and business incubation and acceleration, aiming to maintain a leading role in these fields, particularly in rural America.
Official website here: www.innovators.net/
What do the Facebook reviews say about Und Center For Innovation Foundation?
94% of the seven reviewers on Facebook recommend the Und Center For Innovation Foundation. Here is a summary of their reviews:
Many users appreciate the foundation's welcoming atmosphere, highlighting its visually appealing building and the showcase of local artwork. The organization is praised for providing valuable resources for startups and entrepreneurs, making it a supportive environment for innovation and creativity.
Additionally, the staff received commendations for their friendliness and intelligence, creating a community that fosters collaboration among like-minded individuals. Overall, the foundation appears to successfully deliver on its mission to support local innovation and entrepreneurship.
This AI summary has been generated from reviews found on Facebook.
Is Und Center For Innovation Foundation legitimate?
Und Center For Innovation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Und Center For Innovation Foundation 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:
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For more financial information, click here
Official website here: www.innovators.net/
What is the mission statement of Und Center For Innovation Foundation?
The Und Center for Innovation Foundation's mission is centered around maintaining a leading role in entrepreneurship outreach and education nationally. Additionally, the organization aims to establish itself as a pioneer in tech entrepreneurship, particularly in rural areas of the United States. The foundation operates the Ina Mae Rude Entrepreneur Center, a business incubation facility, and supports commercialization activities in the state and at the University of North Dakota. It provides experiential learning experiences, innovation consulting, entrepreneur seminars, workshops, and business coaching for innovators. Furthermore, the foundation manages projects funded primarily by state grants and offers outreach programs and educational services in the fields of innovation, entrepreneurship, technology commercialization, and business incubation.
Official website here: www.innovators.net/
Who is the CEO of Und Center For Innovation Foundation?
Amy Whitney is the Chair of Und Center For Innovation Foundation. The CEO's salary of Und Center For Innovation Foundation is $42,875 and their total compensation is $60,025.
Official website here: www.innovators.net/
What is the revenue of Und Center For Innovation Foundation?
Und Center For Innovation Foundation's revenue in 2022 was $309,220.
Official website here: www.innovators.net/
Who are the executives of Und Center For Innovation Foundation and what are their salaries?
There 7 volunteers at Und Center For Innovation Foundation.
Here are 8 key members and their salaries (Und Center For Innovation Foundation's CEO's salary is $42,875 and their total compensation is $60,025):
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- Compensation: $42,875
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- Other: $17,150
Official website here: www.innovators.net/
Where can I find the form 990 for Und Center For Innovation Foundation?
Und Center For Innovation Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovators.net/
Learn more at the official website: www.innovators.net/
Mission Statement of Und Center For Innovation Foundation
The Und Center for Innovation Foundation, established for the benefit of the University of North Dakota, is committed to maintaining national leadership in entrepreneur outreach and education. Its mission goes beyond this, aiming to become the leader in tech entrepreneurship in rural America. The organization achieves this by supporting commercialization activities for the State of North Dakota and the University of North Dakota through the Ina Mae Rude Entrepreneur Center, a business incubation facility. This facility provides tenants with licensed space and focuses on experiential, engaged learning experiences.
To promote commerce and economic development in North Dakota, the Und Center for Innovation Foundation offers innovation consulting, entrepreneur seminars and workshops, and business coaching for innovators. These initiatives aim to provide the necessary tools and guidance to innovators, helping them turn their ideas into successful businesses. The Foundation also supports various outreach programs and educational services in the field of innovation, entrepreneurial activity, commercialization of technologies, startup funding strategies, and business incubation and acceleration. By doing so, the Und Center for Innovation Foundation plays a significant role in fostering a vibrant entrepreneurial ecosystem in rural America.
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Impact
October, 2024
The UND Center for Innovation Foundation significantly impacts the entrepreneurial landscape in North Dakota by fostering innovation, entrepreneurship, and economic development. Through the Ina Mae Rude Entrepreneur Center, the Foundation facilitates business incubation, offering space and resources to startups and innovators. This business incubation facility supports commercialization activities that not only benefit the University of North Dakota but also stimulate the state's economy.
The Foundation enhances entrepreneurial ecosystems by providing comprehensive support, including innovation consulting, seminars, workshops, and business coaching tailored for innovators. These programs aim to equip entrepreneurs with critical skills and knowledge, promoting experiential learning and engagement.
Furthermore, the Foundation plays a vital role in securing fiscal management for state-funded projects, strengthening the infrastructure necessary for sustained economic growth. By actively promoting outreach programs and educational initiatives, it cultivates a robust environment for innovation and technology commercialization, particularly in rural areas.
Ultimately, the Foundation's commitment to maintaining national leadership in entrepreneur outreach and tech entrepreneurship solidifies its position as a catalyst for community improvement and economic vitality in North Dakota.
This information is meant to be a general summary of Und Center For Innovation Foundation. 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: $20,470
- Program Service Revenue: $57,229
- Gross Receipts: $450,023
Assets and Liabilities:
- Total Assets: $8,057,210
- Total Liabilities: $193,673
- Net Assets: $7,863,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EB-5 Fees
Revenue
$30,000
Client Services
Revenue
$15,000
Conference Income
Revenue
$4,879
Student Run Enterprise
Revenue
$3,200
Organization Details
Founding Year
1991
Phone
(701) 777-3132Principal Officer
Amy Whitney
Main Address
4200 James Ray Dr, Grand Forks, ND, 58203
Website
www.innovators.net/NTEE Category
Code: S41Z - Community improvement
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