Overview
What is The Arkansas Regional Innovation Hub Inc?
The Arkansas Regional Innovation Hub Inc is a nonprofit organization situated in North Little Rock, Arkansas. Their primary mission is to foster innovation and expand opportunities within the state, encouraging the generation of cutting-edge technology, business, and creative ideas. They achieve this by providing inventors, entrepreneurs, and manufacturers with tools and resources to design, prototype, build, test, and deliver new products. This is facilitated through the use of advanced manufacturing equipment such as 3D printers, CNC mills, injection molders, and laser cutters. Their work encompasses a process called micromanufacturing, which automates and scales down manufacturing processes, allowing for the production of smaller quantities of products, perfect for startups. The Hub's production team also offers 2D & 3D design services and fabrication services utilizing state-of-the-art technology. With a team of 14 individuals, the Arkansas Regional Innovation Hub Inc is committed to boosting entrepreneurial and innovative activity in Arkansas, creating an environment that mobilizes resources and educational opportunities to develop, attract, and retain talent, ultimately contributing to the state's economy.
Official website here: www.arhub.org
What do the Facebook reviews say about The Arkansas Regional Innovation Hub Inc?
92% of 226 reviewers on Facebook recommend The Arkansas Regional Innovation Hub Inc. Here is a summary of their reviews:
Many individuals appreciate the high-quality services provided by the organization, praising the dedication and friendliness of the staff. The positive experience shared by reviewers highlights the nonprofit's commitment to its mission and the positive impact it has on the community.
Overall, the sentiment is very favorable, emphasizing that the nonprofit effectively meets the needs of its participants and fosters a supportive environment. This strong endorsement showcases the Hub's success in engaging and empowering its members through innovative programs and initiatives.
This AI summary has been generated from reviews found on Facebook.
Is The Arkansas Regional Innovation Hub Inc legitimate?
The Arkansas Regional Innovation Hub Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Arkansas Regional Innovation Hub 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: $154,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,094
For more financial information, click here
Official website here: www.arhub.org
What is the mission statement of The Arkansas Regional Innovation Hub Inc?
The Arkansas Regional Innovation Hub Inc is a non-profit organization with a mission to enhance the lives of people by fostering innovation and expanding opportunities. Regardless of demographic or geographic location, the organization aims to inspire innovation in cutting-edge technology, business, and creative fields. To achieve this, they create a collaborative environment that mobilizes resources, programs, and educational opportunities to develop, attract, and retain talent, contributing to the state's economy.
The Innovation Hub provides support to inventors, entrepreneurs, and manufacturers. They help design, prototype, build, test, and deliver new products, utilizing smart tools like 3D printers, CNC mills, injection molders, and laser cutters. The organization also offers micromanufacturing services, using automated tools on a smaller scale, which is more efficient and allows for greater control over production needs. Their production team provides 2D & 3D design services and fabrication services using state-of-the-art technology.
Official website here: www.arhub.org
Who is the CEO of The Arkansas Regional Innovation Hub Inc?
Errin Stanger is the Acting Director of The Arkansas Regional Innovation Hub Inc.
Official website here: www.arhub.org
What is the revenue of The Arkansas Regional Innovation Hub Inc?
The Arkansas Regional Innovation Hub Inc's revenue in 2021 was $1,003,839.
Official website here: www.arhub.org
Who are the executives of The Arkansas Regional Innovation Hub Inc and what are their salaries?
The average compensation at The Arkansas Regional Innovation Hub Inc during 2021 was $36,914. There are 14 employees and 50 volunteers at The Arkansas Regional Innovation Hub Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $620,356
- Other: $52,053
- Compensation: $0
- Related: $319,814
- Other: $50,145
- Compensation: $0
- Related: $346,685
- Other: $43,193
- Compensation: $0
- Related: $288,658
- Other: $47,231
- Compensation: $51,000
- Related: $0
- Other: $1,409
- Compensation: $96,067
- Related: $0
- Other: $6,229
Official website here: www.arhub.org
Where can I find the form 990 for The Arkansas Regional Innovation Hub Inc?
The Arkansas Regional Innovation Hub Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.arhub.org
Learn more at the official website: www.arhub.org
Mission Statement of The Arkansas Regional Innovation Hub Inc
The Arkansas Regional Innovation Hub Inc is a non-profit organization committed to improving the lives of Arkansans by fostering innovation and expanding opportunities. Their mission is to increase innovative and entrepreneurial activity in Arkansas by establishing a collaborative ecosystem that mobilizes the necessary resources, programs, and educational opportunities to develop, attract, and retain talent, ultimately building the state's economy. The Hub uses its tools, skills, and expertise to inspire innovators and entrepreneurs, enabling them to broaden the range of educational and economic opportunities for themselves, their communities, and beyond. This mission is aimed at making Arkansas a hub for cutting-edge technology, business, and creative innovation, regardless of demographic identifiers or geographic locations. The organization's goal is to create a more innovative and entrepreneurial Arkansas, contributing to a stronger and more prosperous state.
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Impact
October, 2024
The Arkansas Regional Innovation Hub Inc significantly enhances the lives of Arkansans by fostering innovation and expanding economic opportunities across various sectors. By providing resources and expertise, it inspires a culture of creativity in cutting-edge technology, business, and the arts. The Hub facilitates the creation of prototypes and products for inventors, entrepreneurs, and manufacturers, leveraging advanced tools such as 3D printers and CNC mills to optimize the production process.
Through micromanufacturing, the Hub enables local creators to efficiently launch businesses with the flexibility to produce small quantities, significantly reducing costs and resource usage. This innovative approach blends traditional craftsmanship with modern technology, allowing for personalized production tailored to market needs.
Furthermore, the Innovation Hub is dedicated to building a collaborative ecosystem that nurtures talent development, attracting and retaining skilled individuals to stimulate growth in Arkansas's economy. By promoting entrepreneurial activity and providing access to educational programs, the Hub not only empowers individuals but also strengthens communities, ultimately contributing to a more vibrant and innovative state.
This information is meant to be a general summary of The Arkansas Regional Innovation Hub 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 2021.
- Program Service Revenue: $142,181
- Gross Receipts: $1,003,839
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANUFACTURING/PRODUCTI
Revenue
$43,170
STEM
Revenue
$36,302
MEMBERSHIP
Revenue
$33,902
ART
Revenue
$28,807
Organization Details
Founding Year
2013
Phone
(501) 907-6570Principal Officer
Errin Stanger
Main Address
204 EAST 4TH STREET, NORTH LITTLE ROCK, AR, 72114
Website
www.arhub.orgNTEE Category
Code: S30 - Community improvement
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