Overview
What is Cure Innovations Llc?
Cure Innovations Llc is a nonprofit organization situated in Groton, Connecticut, with a focus on fostering economic development in economically challenged areas within the state. They accomplish this by providing incubator support to budding bioscience and technology companies, nurturing their growth and development. Beyond this, Cure Innovations engages in STEM (Science, Technology, Engineering, and Math) and other educational activities related to bioscience, biopharmaceuticals, healthcare IT, and medical devices research. The organization was established with the mission to manage Cure Innovation Commons, an incubator that offers a conducive environment for the growth and development of various technologies.
Official website here: www.curecommons.org
Is Cure Innovations Llc legitimate?
Cure Innovations Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cure Innovations Llc 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,625
For more financial information, click here
Official website here: www.curecommons.org
What is the mission statement of Cure Innovations Llc?
Cure Innovations LLC was established with the purpose of managing Cure Innovation Commons, an incubator that fosters the growth of bioscience and other technologies. This organization aims to promote economic development in a economically-depressed area in Connecticut by providing support to fledgling bioscience and technology companies through its incubator program. Additionally, Cure Innovations engages in STEM (Science, Technology, Engineering, and Mathematics) and other educational activities related to bioscience, biopharmaceuticals, healthcare IT, and medical devices research.
Official website here: www.curecommons.org
What is the revenue of Cure Innovations Llc?
Cure Innovations Llc's revenue in 2024 was $420,556.
Official website here: www.curecommons.org
Who are the executives of Cure Innovations Llc and what are their salaries?
The average compensation at Cure Innovations Llc during 2024 was $219,625. There is 1 employee at Cure Innovations Llc.
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Official website here: www.curecommons.org
Where can I find the form 990 for Cure Innovations Llc?
Cure Innovations Llc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.curecommons.org
Learn more at the official website: www.curecommons.org
Mission Statement of Cure Innovations Llc
Cure Innovations LLC was established with a mission to manage Cure Innovation Commons, an incubator that fosters the growth of bioscience and other technologies. This organization aims to promote economic development in a economically-depressed area in Connecticut by providing support to fledgling bioscience and technology companies. Cure Innovations LLC is also actively involved in STEM (Science, Technology, Engineering, and Math) and other educational activities related to bioscience, biopharmaceuticals, healthcare IT, and medical devices research. This nonprofit organization is dedicated to nurturing innovative ideas and startups in these fields, contributing to the advancement of technology and science.
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Impact
October, 2024
Cure Innovations LLC plays a vital role in promoting economic development in Connecticut, particularly in economically depressed areas. By managing the Cure Innovation Commons, the organization provides essential support to emerging bioscience and technology companies, fostering innovation and entrepreneurship within the region.
Through its incubator program, Cure Innovations facilitates the growth of fledgling businesses, offering resources, mentorship, and networking opportunities that can significantly enhance their chances of success. This focus on bioscience and technology not only contributes to job creation but also helps to revitalize the local economy.
In addition to its business support initiatives, Cure Innovations is actively engaged in STEM education, promoting knowledge and interest in science, technology, engineering, and mathematics. This educational engagement is crucial for cultivating a skilled workforce that can meet the demands of modern industries, including biopharmaceuticals, healthcare IT, and medical devices research.
By intertwining business incubation with educational activities, Cure Innovations LLC not only strengthens the local economy but also ensures sustainable growth for the future, positioning the region as a hub for innovation and technological advancement.
This information is meant to be a general summary of Cure Innovations Llc. 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 2024.
- Gross Receipts: $624,530
Assets and Liabilities:
- Total Assets: $4,610,501
- Total Liabilities: $1,007,640
- Net Assets: $3,602,861
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Organization Details
Founding Year
2013
Principal Officer
Stanley Choy
Website
www.curecommons.orgNTEE Category
Code: O19 - Youth development
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