Overview
What is Cintrifuse?
Cintrifuse is a nonprofit organization situated in Cincinnati, Ohio, with a focus on fostering startup growth and innovation. By leveraging a network of partners, they aim to activate, develop, and expand entrepreneurship in the region. Their services encompass educational programs, such as speaker series and innovation exchanges, designed to support entrepreneurs and startups. Cintrifuse also acts as a bridge for venture capital funds, connecting them with potential investment opportunities in the Greater Cincinnati area, offering workshops on valuation and other relevant topics. The organization's ultimate goal is to stimulate business formation, job creation, and contribute to the revitalization of the Cincinnati region. With a workforce of 48 individuals, Cintrifuse is committed to advancing entrepreneurship and innovation in the area.
Official website here: www.cintrifuse.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Cintrifuse has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization excels in areas such as board independence and the presence of essential policies (like conflict of interest and whistleblower policies), it struggles with transparency in financial reporting, particularly due to the absence of its tax form on its website.
The charity's financial metrics raise red flags; it has a low program expense ratio of 36.83%, suggesting that a minimal portion of its funding is directed towards its stated programs. Additionally, the liabilities to assets ratio of 5.15% indicates potential financial vulnerabilities. The high salaries of key personnel may also be viewed unfavorably in light of its overall financial performance.
Overall, while Cintrifuse demonstrates a commitment to governance and accountability through its policies, the shortcomings in financial transparency and program spending limit its effectiveness and raise questions about its sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cintrifuse legitimate?
Cintrifuse is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cintrifuse 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: $814,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $800,047
For more financial information, click here
Official website here: www.cintrifuse.com
What is the mission statement of Cintrifuse?
Cintrifuse's mission is centered around fostering business growth and job creation, aiming to revitalize a specific region. They achieve this by cultivating, accelerating, and promoting entrepreneurship and innovation. Their activities include providing strategic connections and resources to startups, offering educational programs and workshops, and serving as a bridge between venture capital funds and potential investors. The organization's goal is to expand innovation and entrepreneurship across the region, ultimately contributing to its overall development.
Official website here: www.cintrifuse.com
Who is the CEO of Cintrifuse?
Peter Blackshaw is the Ceo of Cintrifuse. The CEO's salary of Cintrifuse is $417,013 and their total compensation is $438,540.
Official website here: www.cintrifuse.com
What is the revenue of Cintrifuse?
Cintrifuse's revenue in 2022 was $3,725,567.
Official website here: www.cintrifuse.com
Who are the executives of Cintrifuse and what are their salaries?
The average compensation at Cintrifuse during 2022 was $33,629. There are 48 employees and 75 volunteers at Cintrifuse.
Here are 42 key members and their salaries (Cintrifuse's CEO's salary is $417,013 and their total compensation is $438,540):
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Official website here: www.cintrifuse.com
Where can I find the form 990 for Cintrifuse?
Cintrifuse's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cintrifuse.com
Learn more at the official website: www.cintrifuse.com
Mission Statement of Cintrifuse
Cintrifuse, a nonprofit organization, is dedicated to fostering business growth, creating jobs, and revitalizing its region. Its mission is multifaceted, encompassing the cultivation, acceleration, and promotion of entrepreneurship. Cintrifuse strategically leverages and connects a network of partners to expand innovation and entrepreneurship across the region. The organization provides a range of educational and programmatic services to entrepreneurs and startups, including speaker series, innovation exchanges, and development workshops. For venture capital funds that venture into the region, Cintrifuse acts as a bridge, introducing them to the local startup ecosystem and established companies. The goal is to prepare companies, from seed stage to series B stage, for conversations with potential funders, thereby aiding in their growth and success.
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Impact
July, 2024
Cintrifuse is making a significant impact by cultivating, accelerating, and promoting business formation, job creation, and the revitalization of the Cincinnati region. Through its startup, venture, and innovation programs, Cintrifuse enables the activation, development, and growth of startups by strategically leveraging and connecting a network of partners dedicated to expanding innovation and entrepreneurship across the area. By providing educational services, speaker series, innovation exchanges, and development programs, Cintrifuse supports entrepreneurs and startups in reaching their full potential.
Additionally, Cintrifuse plays a vital role in introducing venture capital funds to the Greater Cincinnati area, connecting them with startups and established companies. Workshops on valuation and other key aspects prepare companies in seed to Series B stages for discussions with potential funders, further fostering growth and development in the region. Overall, Cintrifuse's efforts are contributing to building a vibrant ecosystem for innovation and entrepreneurship, ultimately driving community improvement and economic prosperity in Cincinnati.
This information is meant to be a general summary of Cintrifuse. 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: $339,964
- Program Service Revenue: $134,436
- Gross Receipts: $3,725,567
Assets and Liabilities:
- Total Assets: $9,930,758
- Total Liabilities: $511,454
- Net Assets: $9,419,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$24,000
Organization Details
Founding Year
2012
Phone
(513) 246-2700Principal Officer
Peter Blackshaw
Main Address
1311 VINE STREET, CINCINNATI, OH, 45202
Website
www.cintrifuse.comNTEE Category
Code: S31 - Community improvement
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