Overview
What is Janesville Innovation Inc?
Janesville Innovation Inc is a nonprofit organization situated in Janesville, Wisconsin, specifically aimed at supporting small, locally-owned entrepreneurial firms. Their mission is to nurture these businesses during their formative years, thereby increasing job opportunities for unemployed and underemployed residents in the area. They accomplish this by recruiting potential growth businesses, offering mentorship, training, and financial services through the Rock County Entrepreneurial Business Development Program. Janesville Innovation is strategically located in a city that meets the economic distress criteria established by the United States Department of Commerce, Economic Development Administration, characterized by higher unemployment rates, low per capita income, numerous plant closures, and significant manufacturing job losses.
Official website here: www.janesvilleinnovation.com
Is Janesville Innovation Inc legitimate?
Janesville Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Janesville Innovation 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.
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Official website here: www.janesvilleinnovation.com
What is the mission statement of Janesville Innovation Inc?
Janesville Innovation Inc's mission is centered around supporting smaller, locally-owned entrepreneurial businesses in their formative years. By recruiting and assisting these companies with high growth potential, the corporation aims to create job opportunities for the unemployed and underemployed residents in the area. The corporation's primary service area is a city that meets the economic distress criteria established by the United States Department of Commerce, Economic Development Administration. The economic conditions in this area include higher unemployment rates than other sections of the country, low per capita income, an unusually high number of plant closings, and a significant loss of manufacturing jobs. The corporation's activities ultimately contribute to the revitalization and job growth in the community.
Official website here: www.janesvilleinnovation.com
Who is the CEO of Janesville Innovation Inc?
Barry Brandt is the President of Janesville Innovation Inc.
Official website here: www.janesvilleinnovation.com
What is the revenue of Janesville Innovation Inc?
Janesville Innovation Inc's revenue in 2022 was $171,471.
Official website here: www.janesvilleinnovation.com
Who are the executives of Janesville Innovation Inc and what are their salaries?
There 15 volunteers at Janesville Innovation Inc.
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Official website here: www.janesvilleinnovation.com
Where can I find the form 990 for Janesville Innovation Inc?
Janesville Innovation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.janesvilleinnovation.com
Learn more at the official website: www.janesvilleinnovation.com
Mission Statement of Janesville Innovation Inc
Janesville Innovation Inc, a corporation dedicated to aiding smaller, locally-owned entrepreneurial businesses, aims to provide a nurturing environment during their formative years. The primary objective of Janesville Innovation Inc is to increase job opportunities for unemployed and underemployed residents in the Janesville area. By recruiting and assisting businesses with high growth potential, Janesville Innovation Inc contributes to the local economy, which has been impacted by higher unemployment rates, low per capita income, a significant number of plant closings, and lost manufacturing jobs. The corporation's activities serve as a catalyst for economic growth and development, offering a chance for these businesses to thrive and create sustainable employment opportunities within the community.
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Impact
October, 2024
Janesville Innovation Inc significantly impacts the local economy by nurturing smaller, locally owned entrepreneurial firms during their formative years. Their activities focus on recruiting and assisting businesses that show high growth potential, directly addressing the economic challenges faced by the Janesville area, including higher unemployment rates, low per capita income, and a history of plant closures and job losses in manufacturing.
Through programs like the Rock County Entrepreneurial Business Development Program, Janesville Innovation fosters entrepreneurial education, mentorship, and training, which are crucial for developing a robust business ecosystem. By enhancing the capabilities of these businesses, they not only create new job opportunities for unemployed and underemployed residents but also stimulate economic dynamism in a region struggling with economic distress.
Ultimately, Janesville Innovation's efforts contribute to community improvement by promoting sustainable business growth, improving employment prospects, and revitalizing the local economy.
This information is meant to be a general summary of Janesville Innovation 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.
- Program Service Revenue: $171,471
- Gross Receipts: $171,471
Assets and Liabilities:
- Total Assets: $19,949
- Total Liabilities: $137,993
- Net Assets: -$118,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY RENTAL INCOME
Revenue
$171,471
Organization Details
Founding Year
2013
Phone
(608) 755-3059Principal Officer
Barry Brandt
Main Address
18 N JACKSON STREET PO BOX 5005, JANESVILLE, WI, 535475005
Website
www.janesvilleinnovation.comNTEE Category
Code: S41 - Community improvement
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