Overview
What is Don Ryan Center For Innovation Inc?
Don Ryan Center for Innovation Inc, located in Bluffton, South Carolina, serves as a hybrid incubator program. Its primary mission is to support the formation and development of new technology companies. The center blends hands-on consulting, resource identification, and long-distance learning to increase the chances of entrepreneurs, or as they call them, innovators, achieving success. The program provides access to intellectual property, technology evaluation, product development services, seed financing, business mentorship, corporate relationships, and recruiting. Its goal is to link innovators with various essential resources, ultimately fostering a supportive environment for technological innovation and entrepreneurship in Bluffton, South Carolina.
Official website here: www.donryancenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. The Don Ryan Center For Innovation Inc has received a solid three-star rating based on its Accountability & Finance score, which stands at 80%. This score reflects a strong commitment to financial transparency and responsible governance, indicating that the organization is effectively managing its resources.
The organization showcases commendable strengths, such as having a fully independent board with eight out of eight members. Additionally, it has been audited successfully, demonstrating good financial practices with a program expense ratio of 93.22%, indicating that a significant portion of its funds is directed towards its programs. However, the absence of a whistleblower policy and document retention and destruction policies could be seen as areas needing improvement.
While the accountability measures are largely in place, the center's liabilities to assets ratio of 60.13% suggests a moderate level of financial risk. Overall, the Don Ryan Center For Innovation Inc is managing its finances well and shows a commitment to transparency, but it may benefit from addressing the missing governance policies to enhance its accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Don Ryan Center For Innovation Inc?
The Don Ryan Center for Innovation Inc has received positive sentiment from its initial reviewers, with members highlighting the value of their involvement. One reviewer expressed that joining the center was a worthwhile investment at just $35, emphasizing the benefits of networking with fellow entrepreneurs and engaging in educational programming.
The community atmosphere and the opportunities for collaboration appear to be significant draws for those who participate. The enthusiastic feedback suggests that members feel inspired and supported in their entrepreneurial pursuits, which speaks to the center’s effectiveness in fostering innovation and business development.
Overall, feedback indicates that the Don Ryan Center for Innovation is a place where individuals can connect, learn, and grow, leaving participants motivated to explore new business ventures.
This AI summary has been generated from reviews found on Facebook.
Is Don Ryan Center For Innovation Inc legitimate?
Don Ryan Center For Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Don Ryan Center For Innovation 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: $160,220
For more financial information, click here
Official website here: www.donryancenter.com
What is the mission statement of Don Ryan Center For Innovation Inc?
The Don Ryan Center for Innovation Inc is committed to supporting the formation and development of new technology companies. Their mission is achieved through a program that combines hands-on consulting, resource identification and availability, and long-distance learning. This program aims to increase the probability of success for entrepreneurs, often referred to as innovators, by connecting them to intellectual property, technology evaluation, product development services, seed financing, business mentorship, corporate relationships, and recruiting. The center's approach blends real-time distance entrepreneurial learning with hands-on consulting support, thereby linking communities to various resources essential for new technology company growth.
Official website here: www.donryancenter.com
Who is the CEO of Don Ryan Center For Innovation Inc?
Walter Nester is the Secretary of Don Ryan Center For Innovation Inc.
Official website here: www.donryancenter.com
What is the revenue of Don Ryan Center For Innovation Inc?
Don Ryan Center For Innovation Inc's revenue in 2022 was $480,290.
Official website here: www.donryancenter.com
Who are the executives of Don Ryan Center For Innovation Inc and what are their salaries?
There 60 volunteers at Don Ryan Center For Innovation Inc.
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- Compensation: $96,031
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Official website here: www.donryancenter.com
Where can I find the form 990 for Don Ryan Center For Innovation Inc?
Don Ryan Center For Innovation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.donryancenter.com
Learn more at the official website: www.donryancenter.com
Mission Statement of Don Ryan Center For Innovation Inc
The Don Ryan Center for Innovation is committed to supporting the formation and development of new technology companies. Its program employs a unique approach, blending hands-on consulting support, resource identification, and distance learning to increase the chances of success for aspiring entrepreneurs, or innovators, in this field. The center links innovators to various resources such as intellectual property, technology evaluation, product development services, seed financing, business mentorship, corporate relationships, and recruitment. By doing so, it aims to foster a conducive environment for these entrepreneurs to thrive and turn their ideas into successful ventures.
In addition to its hands-on approach, the Don Ryan Center for Innovation also offers a hybrid internet/storefront incubator program. This program combines real-time distance entrepreneurial learning with hands-on consulting support. By linking communities to these resources, the center aims to provide a comprehensive ecosystem that supports entrepreneurs from idea conception to product development and beyond. The program's goal is to connect innovators with the necessary tools, funding, and guidance to turn their ideas into viable businesses, thereby fostering innovation and economic growth.
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Impact
July, 2024
The Don Ryan Center for Innovation Inc is making a significant impact by supporting new technology company formation and development in Bluffton, SC. Their hybrid internet/storefront incubator program provides hands-on consulting support, resource identification, long-distance learning, and access to a range of essential services such as intellectual property, technology evaluation, product development, seed financing, business mentorship, corporate relationships, and recruiting. By linking innovators to these crucial resources, the center increases the probability of entrepreneurs' success, ultimately fostering innovation and economic growth in the community.
This information is meant to be a general summary of Don Ryan Center For Innovation 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: $390
- Program Service Revenue: $6,900
- Gross Receipts: $480,290
Assets and Liabilities:
- Total Assets: $332,051
- Total Liabilities: $96,341
- Net Assets: $235,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT-TENANTS ACTIVITES
Revenue
$6,900
Organization Details
Founding Year
2011
Phone
(843) 706-4546Principal Officer
Walter Nester
Main Address
PO BOX 386, BLUFFTON, SC, 29910
Website
www.donryancenter.comNTEE Category
Code: S31 - Community improvement
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