Overview
What is Nmotion Inc?
Nmotion Inc, located in Lincoln, Nebraska, serves as a startup accelerator, specializing in high-growth software and technology-based businesses. Their mission is to foster growth in targeted industries such as agriculture, healthcare, education, finance/insurance, and sports technologies. Nmotion provides a 14-week program that offers seed funding, hands-on education, and access to highly educated mentors. They also have a pool of talented associates that complement member company skill sets and provide free or reduced professional services. This nonprofit organization is committed to supporting and nurturing promising startups in these specific sectors.
Official website here: www.nmotion.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating. This rating reflects significant concerns regarding the accountability and financial practices of Nmotion Inc. The overall score is based solely on the Accountability & Finance criteria, indicating that the organization has room for improvement in these areas.
Nmotion Inc demonstrates strengths in several governance aspects, such as having an entirely independent board and a solid conflict of interest policy. However, the organization lacks essential policies like a whistleblower policy and document retention procedures, which are critical for transparency and accountability. Additionally, while the board meeting minutes are documented and the tax form is listed on the nonprofit's website, other financial metrics are troubling.
The financial ratios for Nmotion Inc raise red flags, particularly with a program expense ratio of 45.10%, which suggests that less than half of the expenses are going towards programs. Furthermore, the organization has a liabilities to assets ratio of 0.00%, which may indicate financial instability or improper reporting. Overall, while Nmotion Inc has established some foundational governance practices, significant improvements are necessary to enhance its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Nmotion Inc legitimate?
Nmotion Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nmotion 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: $0
For more financial information, click here
Official website here: www.nmotion.co
What is the mission statement of Nmotion Inc?
Nmotion Inc is an education-focused startup accelerator that specializes in high-growth software and technology-based businesses. It operates in targeted industries such as agriculture, healthcare, education, finance/insurance, and sports technologies. Nmotion's mission is to accelerate the growth of these companies by providing access to seed funding, hands-on education, and highly educated mentors. The organization also offers a shared pool of talented associates to complement member company skill sets and provides access to free or reduced professional services. The 14-week program is designed to help startups reach their full potential.
Official website here: www.nmotion.co
Who is the CEO of Nmotion Inc?
Brad Roth is the President of Nmotion Inc.
Official website here: www.nmotion.co
What is the revenue of Nmotion Inc?
Nmotion Inc's revenue in 2022 was $80.
Official website here: www.nmotion.co
Who are the executives of Nmotion Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nmotion.co
Where can I find the form 990 for Nmotion Inc?
Nmotion Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmotion.co
Learn more at the official website: www.nmotion.co
Mission Statement of Nmotion Inc
Nmotion Inc, a mentor-driven and education-focused startup accelerator, is dedicated to supporting high-growth software and technology-based businesses in targeted industries such as agriculture, healthcare, education, finance/insurance, and sports technologies. The organization's mission is to foster the growth of these startups by providing them with access to seed funding, hands-on education, and highly educated mentors. Nmotion Inc also offers a pool of talented associates who can complement the skill sets of its member companies, and provides access to free or reduced professional services. By offering these resources, Nmotion Inc aims to help these startups thrive and make a significant impact in their respective industries.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Nmotion Inc significantly impacts the startup ecosystem in Lincoln, Nebraska, by providing a structured 14-week program designed to accelerate the growth of innovative companies in high-potential sectors such as agriculture, healthcare, education, finance/insurance, and sports technologies. The organization focuses on mentor-driven, education-rich pathways that equip entrepreneurs with essential tools and knowledge necessary for scaling their businesses.
Through its unique approach, Nmotion offers startups access to seed funding, tailored mentorship, and a collaborative environment filled with skilled associates. This not only enhances the capabilities of participating companies but also fosters community development and workforce growth in the targeted industries. Nmotion’s commitment to nurturing high-growth software and technology-based businesses positions it as a catalyst for economic development in Lincoln, helping to stimulate local job creation and innovation.
Ultimately, Nmotion Inc plays a crucial role in shaping a vibrant entrepreneurial landscape, significantly contributing to youth development by inspiring and preparing the next generation of business leaders and innovators.
This information is meant to be a general summary of Nmotion 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: $80
- Gross Receipts: $80
Assets and Liabilities:
- Total Assets: $71,934
- Total Liabilities: $0
- Net Assets: $71,934
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(402) 202-9650Principal Officer
Brad Roth
Main Address
151 N 8TH ST SUITE 518, LINCOLN, NE, 68508
Website
www.nmotion.coNTEE Category
Code: O53 - Youth development
If you are a representative of Nmotion Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.