Overview
What is Lindenpointe Development Corporation?
Lindenpointe Development Corporation is a nonprofit organization situated in Hermitage, Pennsylvania (16148). Its primary objective is to create a conducive environment for entrepreneurs and established businesses in Western Pennsylvania and Eastern Ohio by offering infrastructure, education, training, mentorship, and a network of service providers. This supportive setting aims to foster innovation, commercialization of new ideas, job creation, and sustainable businesses. By doing so, the organization intends to improve the conditions and demographics of an economically distressed region. To achieve this, Lindenpointe Development Corporation manages a small business incubator, providing hands-on management assistance and orchestrating exposure to critical business or technical support services. With a team of six dedicated individuals, the organization serves as a catalyst for growth and development in the region.
Official website here: www.ecenterlindenpointe.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Lindenpointe Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The charity scored 96% overall, with all points coming from its accountability and finance metrics. This high score indicates that Lindenpointe responsibly manages its resources and adheres to best practices in governance.
The organization exhibits a noteworthy commitment to transparency and sound management practices, as evidenced by its 100% independent board members and a robust conflict of interest policy. Additionally, it maintains an excellent program expense ratio of 90.19%, showcasing that the majority of its funding is directed toward its programs rather than administrative costs. The fiscal responsibility is further highlighted by a low liabilities to assets ratio of just 8.31%.
While the data reflects strong organizational strengths, there are no specific limitations noted in the available information. Overall, Lindenpointe Development Corporation demonstrates a solid financial foundation and effective governance, making it a commendable choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lindenpointe Development Corporation legitimate?
Lindenpointe Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lindenpointe Development Corporation 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: $92,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,221
For more financial information, click here
Official website here: www.ecenterlindenpointe.com
What is the mission statement of Lindenpointe Development Corporation?
The Lindenpointe Development Corporation's mission is centered around establishing and managing a small business incubator in the Ohio/Pa interstate region. The organization provides education, training, mentorship, and connects entrepreneurs and existing businesses to a network of service providers. Their goal is to foster innovation, commercialization of new ideas, job creation, and sustainable businesses. This initiative aims to enhance the conditions and demographics of an economically distressed region. The corporation offers hands-on management assistance and orchestrates exposure to critical business or technical support services.
Official website here: www.ecenterlindenpointe.com
Who is the CEO of Lindenpointe Development Corporation?
Jeff Meier is the President of Lindenpointe Development Corporation.
Official website here: www.ecenterlindenpointe.com
What is the revenue of Lindenpointe Development Corporation?
Lindenpointe Development Corporation's revenue in 2022 was $536,450.
Official website here: www.ecenterlindenpointe.com
Who are the executives of Lindenpointe Development Corporation and what are their salaries?
The average compensation at Lindenpointe Development Corporation during 2022 was $31,370. There are 6 employees and 20 volunteers at Lindenpointe Development Corporation.
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- Compensation: $92,000
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Official website here: www.ecenterlindenpointe.com
Where can I find the form 990 for Lindenpointe Development Corporation?
Lindenpointe Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecenterlindenpointe.com
Learn more at the official website: www.ecenterlindenpointe.com
Mission Statement of Lindenpointe Development Corporation
Lindenpointe Development Corporation is dedicated to fostering entrepreneurial growth and business success in the Ohio/Pennsylvania interstate region. They achieve this by establishing and managing a small business incubator, providing a supportive environment that includes essential infrastructure, education, training, mentorship, and a network of service providers. The organization's mission is to encourage innovation, commercialization of new ideas, job creation, and the development of sustainable businesses. By doing so, Lindenpointe Development Corporation aims to improve the conditions and demographics of an economically distressed region, ultimately contributing to its overall development and prosperity.
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Impact
July, 2024
Lindenpointe Development Corporation's impact can be seen through its dedication to providing a supportive environment for entrepreneurs and existing businesses in Western Pennsylvania and Eastern Ohio. By offering infrastructure, education, training, mentorship, and access to a network of service providers, Lindenpointe Development Corporation plays a crucial role in fostering innovation, commercializing new ideas, creating jobs, and supporting sustainable businesses. This organization significantly contributes to improving the economic conditions and demographics of an economically distressed region, ultimately driving community improvement.
This information is meant to be a general summary of Lindenpointe Development Corporation. 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: $245
- Program Service Revenue: $114,601
- Gross Receipts: $536,450
Assets and Liabilities:
- Total Assets: $524,774
- Total Liabilities: $43,617
- Net Assets: $481,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPACE RENTALS
Revenue
$74,926
PROGRAM FEES
Revenue
$39,675
Organization Details
Founding Year
2011
Phone
(724) 981-3496Principal Officer
Jeff Meier
Main Address
3580 INNOVATION WAY, HERMITAGE, PA, 16148
Website
www.ecenterlindenpointe.comNTEE Category
Code: S43 - Community improvement
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