Overview
What is Innovation Fund America Inc?
Innovation Fund America Inc., based in Elyria, Ohio, is a nonprofit organization with a mission to stimulate economic development in select communities across the United States. They achieve this by fostering an entrepreneurial climate, recruiting and educating organizations and entrepreneurs, and providing funding for activities that lessen government burdens related to entrepreneurial enterprises. The organization works in conjunction with private and public investments, philanthropic organizations, and federal, state, and local governments. Currently, Innovation Fund America Inc. is collaborating with community colleges to accelerate the growth of technology startups through early-stage funding and education.
Official website here: www.innovationfundamerica.org
Is Innovation Fund America Inc legitimate?
Innovation Fund America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Fund America 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:
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Other Salaries and Wages: $13,826
For more financial information, click here
Official website here: www.innovationfundamerica.org
What is the mission statement of Innovation Fund America Inc?
Innovation Fund America Inc., as a nonprofit organization, collaborates with community colleges to expedite the growth of technology startups through early-stage funding and education. Its mission is to develop and administer activities and programs aimed at educating students and entrepreneurs, combat community deterioration, alleviate poverty, and reduce government burdens by stimulating economic development in select communities across the United States. This is achieved by fostering an entrepreneurial climate that generates employment opportunities through the recruitment and education of organizations and entrepreneurs working with related enterprises within these communities. Innovation Fund America Inc. provides funding assistance for activities that lessen government burdens in relation to the development of entrepreneurial enterprises, in conjunction with private and public investments and contributions from philanthropic organizations and governments. The organization offers counsel or assistance in advisory services to promote and nurture the formation and development of entrepreneurial businesses and capacity in the respective communities, ultimately aiming to enhance the welfare of these communities.
Official website here: www.innovationfundamerica.org
Who is the CEO of Innovation Fund America Inc?
Dr Roy A Church is the President & Chair of Innovation Fund America Inc.
Official website here: www.innovationfundamerica.org
What is the revenue of Innovation Fund America Inc?
Innovation Fund America Inc's revenue in 2022 was $25,000.
Official website here: www.innovationfundamerica.org
Who are the executives of Innovation Fund America Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.innovationfundamerica.org
Where can I find the form 990 for Innovation Fund America Inc?
Innovation Fund America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationfundamerica.org
Learn more at the official website: www.innovationfundamerica.org
Mission Statement of Innovation Fund America Inc
Innovation Fund America Inc, a nonprofit organization, partners with community colleges to stimulate the growth of technology startups. Their mission is twofold: to provide early-stage funding for budding entrepreneurs and to offer educational programs. By collaborating with community colleges, Innovation Fund America Inc aims to foster an entrepreneurial climate that creates employment opportunities and combats community deterioration in selected areas across the United States. This is achieved by recruiting and educating organizations and entrepreneurs working with related enterprises within these communities.
Furthermore, Innovation Fund America Inc offers assistance in funding activities that lessen government burdens related to the development of entrepreneurial enterprises. They work alongside private and public investments and contributions from philanthropic organizations and federal, state, and local governments. By doing so, they promote and nurture the formation and development of entrepreneurial businesses in their communities, ultimately serving as a national leader in innovation, education, and training. Their ultimate goal is to improve the welfare of these communities by promoting economic development and employment opportunities.
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Impact
August, 2024
Innovation Fund America Inc partners with community colleges to accelerate the growth of technology startups through early-stage funding and education. This initiative aims to create an entrepreneurial climate that fosters employment opportunities in select communities across the United States. By providing funding, advisory services, and promoting the formation and development of entrepreneurial businesses, Innovation Fund America Inc is working to combat community deterioration, relieve poverty, and stimulate economic development. Through its efforts, Innovation Fund America Inc is making a tangible impact on promoting innovation, education, and training in entrepreneurial business and contributing to the welfare of the communities it serves.
This information is meant to be a general summary of Innovation Fund America 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.
- Gross Receipts: $25,000
Assets and Liabilities:
- Total Assets: $210,364
- Total Liabilities: $3,277,768
- Net Assets: -$3,067,404
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Organization Details
Founding Year
2012
Phone
(440) 366-4274Principal Officer
Dr Roy A Church
Main Address
1005 NORTH ABBE ROAD CC220, ELYRIA, OH, 44035
NTEE Category
Code: S30 - Community improvement
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