Overview
What is The Alliance For Commercialization?
The Alliance for Commercialization is a nonprofit organization situated in Austin, Texas, specifically at 1409 West 51st Street. Their primary mission is to empower entrepreneurs by equipping them with essential business skills, thereby fostering economic growth and job creation. This is achieved through practical education, with a special focus on underrepresented groups in entrepreneurship, such as women and rural entrepreneurs. The organization conducts training programs, including workshops and mentoring sessions, at the American Center in New Delhi, India, to nurture startup entrepreneurs across India. Their activities also involve alumni engagement through mentoring, workshops, networking, and incubation opportunities. The Alliance for Commercialization's vision is to support entrepreneurs in launching, managing, and growing their businesses, ultimately benefiting the founders and society as a whole.
Official website here: www.acirfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. The Alliance for Commercialization has demonstrated solid financial accountability in some areas, such as having a fully independent board and no material diversion of assets. The organization shows a high program expense ratio of 89.33%, indicating that a significant portion of its expenses is directed towards its programs.
However, the rating is tempered by notable weaknesses, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions could raise concerns about governance and transparency within the organization. While the board meeting minutes are documented, the lack of these key policies may affect stakeholder trust.
Overall, while The Alliance for Commercialization has strengths in financial management and program implementation, its governance practices require improvement to enhance its overall accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Alliance For Commercialization legitimate?
The Alliance For Commercialization is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alliance For Commercialization 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: $194,791
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.acirfound.org
What is the mission statement of The Alliance For Commercialization?
The Alliance For Commercialization's mission is centered around empowering entrepreneurs. It aims to help these individuals develop the necessary skills to launch, manage, and expand their businesses effectively. This practical education ultimately drives economic growth and job creation, benefiting both the entrepreneurs and society as a whole. The organization exhibits a strong commitment to fostering entrepreneurship among historically underrepresented groups, such as women and rural entrepreneurs, within innovative communities.
Official website here: www.acirfound.org
Who is the CEO of The Alliance For Commercialization?
Erik Azulay is the Founder of The Alliance For Commercialization.
Official website here: www.acirfound.org
What is the revenue of The Alliance For Commercialization?
The Alliance For Commercialization's revenue in 2022 was $612,903.
Official website here: www.acirfound.org
Who are the executives of The Alliance For Commercialization and what are their salaries?
The average compensation at The Alliance For Commercialization during 2022 was $97,396. There are 2 employees at The Alliance For Commercialization.
Here are 4 key members and their salaries:
- Compensation: $129,600
- Related: $0
- Other: $0
- Compensation: $65,191
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acirfound.org
Where can I find the form 990 for The Alliance For Commercialization?
The Alliance For Commercialization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acirfound.org
Learn more at the official website: www.acirfound.org
Mission Statement of The Alliance For Commercialization
The Alliance for Commercialization is an organization committed to supporting entrepreneurs in their journey to launch, manage, and grow their businesses. By providing practical education, the organization aims to foster economic growth and create job opportunities that benefit both the founders and society as a whole. The Alliance for Commercialization has a special focus on historically underrepresented groups in entrepreneurship and innovative communities, such as women and rural entrepreneurs. By doing so, they contribute to the diversification and vitality of the entrepreneurial landscape.
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Impact
July, 2024
The Alliance For Commercialization's impact can be seen in the support it provides to entrepreneurs in building the skill sets needed to launch, run, and grow their businesses through practical education. By focusing on under-represented groups in entrepreneurship, such as women and rural entrepreneurs, the organization contributes to economic growth and job creation, benefiting both the founders and society as a whole. Additionally, through programs like the Nexus Startup Hub, which offers training on American best practices in entrepreneurship and incubation, the organization facilitates learning, mentoring, and networking opportunities that help Indian startups thrive.
This information is meant to be a general summary of The Alliance For Commercialization. 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.
- Gross Receipts: $612,903
Assets and Liabilities:
- Total Assets: $218,200
- Total Liabilities: $4
- Net Assets: $218,196
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Organization Details
Founding Year
2015
Phone
(512) 952-2647Principal Officer
Erik Azulay
Main Address
1409 WEST 51ST STREET, AUSTIN, TX, 78756
Website
www.acirfound.orgNTEE Category
Code: P20 - Human services
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