Overview
What is The Warehouse Business Accelerator?
The Warehouse Business Accelerator, located in Loveland, Colorado at 815 14th Street SW STE C250, is a nonprofit organization that specializes in aiding new or early-stage businesses. They offer various services to support these companies' successful startups, such as workshops, networking events, connecting them with venture capitalists, and providing business consulting. Additionally, they offer access to business disaster recovery funds for eligible applicants and qualified businesses, further assisting in their growth and development. The organization currently employs a team of three individuals.
Official website here: www.warehouseinnovation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
The Warehouse Business Accelerator has received a Two-Star rating from Charity Navigator, indicating that while the organization has some strengths, it also has significant areas for improvement. The Accountability and Finance score of 63% reflects various factors, particularly the absence of independent board members, which can raise concerns about governance and oversight.
The organization demonstrates fiscal responsibility with a program expense ratio of 93.51%, showing that a substantial portion of its funding is directed toward its programs rather than administrative costs. Additionally, it has no reported diversion of assets, which is a positive sign for stakeholders. However, the nonprofit is lacking in key governance policies, such as the absence of a whistleblower policy and a document retention policy, which could limit its accountability.
Overall, while The Warehouse Business Accelerator shows promise through its financial management and program dedication, the lack of independent oversight and crucial governance policies may hinder its credibility and effectiveness in the long term. Stakeholders may want to encourage the organization to address these governance issues to improve its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Warehouse Business Accelerator?
The Warehouse Business Accelerator has received early attention with some promising insights from its initial reviewers. One individual expressed excitement about the organization's unique approach, highlighting its potential to foster a dynamic environment where arts, creativity, innovation, and business intersect effectively.
While there are only three reviews available so far, the sentiment is overwhelmingly positive. The enthusiastic comment suggests that the nonprofit is on the right path, indicating that it could play a significant role in the community by merging creative pursuits with business initiatives.
Overall, the initial reactions reflect optimism about what The Warehouse Business Accelerator aims to achieve, pointing towards a hopeful future for its contributions to entrepreneurship and the arts.
This AI summary has been generated from reviews found on Facebook.
Is The Warehouse Business Accelerator legitimate?
The Warehouse Business Accelerator is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Warehouse Business Accelerator 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: $140,022
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.warehouseinnovation.com
What is the mission statement of The Warehouse Business Accelerator?
The Warehouse Business Accelerator is dedicated to facilitating the success of new or early-stage businesses. They achieve this by offering a range of services, such as workshops, networking events, connecting businesses with venture capitalists, and providing business consulting. The organization's goal is to assist these companies in their initial stages, thereby enhancing their chances of thriving in the market. Additionally, The Warehouse Business Accelerator makes available business disaster recovery funds, upon meeting the necessary application criteria and qualifications.
Official website here: www.warehouseinnovation.com
Who is the CEO of The Warehouse Business Accelerator?
Jay Dokter is the Director of The Warehouse Business Accelerator.
Official website here: www.warehouseinnovation.com
What is the revenue of The Warehouse Business Accelerator?
The Warehouse Business Accelerator's revenue in 2022 was $474,936.
Official website here: www.warehouseinnovation.com
Who are the executives of The Warehouse Business Accelerator and what are their salaries?
The average compensation at The Warehouse Business Accelerator during 2022 was $46,674. There are 3 employees at The Warehouse Business Accelerator.
Here are 4 key members and their salaries:
- Compensation: $96,710
- 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.warehouseinnovation.com
Where can I find the form 990 for The Warehouse Business Accelerator?
The Warehouse Business Accelerator's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.warehouseinnovation.com
Learn more at the official website: www.warehouseinnovation.com
Mission Statement of The Warehouse Business Accelerator
The Warehouse Business Accelerator, a nonprofit organization, is dedicated to aiding the successful establishment and growth of new or early-stage businesses. It accomplishes this mission through a variety of services, including workshops, networking events, connecting businesses with venture capitalists, and offering business consulting. By providing these resources, The Warehouse Business Accelerator aims to empower entrepreneurs and help them navigate the complexities of starting and running a business. Additionally, under appropriate circumstances and qualified applications, The Warehouse Business Accelerator offers access to business disaster recovery funds. The organization's mission is to foster a supportive environment for entrepreneurs, equipping them with the tools and connections necessary to turn their business ideas into thriving ventures.
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Impact
July, 2024
The Warehouse Business Accelerator's impact can be seen in the successful startup and growth of numerous early-stage businesses. Through workshops, networking opportunities, connections with venture capitalists, and business consulting services, The Warehouse has played a pivotal role in supporting and nurturing these new ventures. Additionally, by providing access to business disaster recovery funds for eligible businesses, The Warehouse has further demonstrated its commitment to fostering a thriving entrepreneurial ecosystem. Overall, The Warehouse Business Accelerator's efforts have significantly contributed to the development and success of businesses in Loveland, CO, and beyond.
This information is meant to be a general summary of The Warehouse Business Accelerator. 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: $72,898
- Gross Receipts: $474,936
Assets and Liabilities:
- Total Assets: $883,326
- Total Liabilities: $442,420
- Net Assets: $440,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$11,400
PROF DEVELOP INCOME
Revenue
$1,498
PROGRAMMING SUPPORT
Revenue
$60,000
Organization Details
Founding Year
2015
Principal Officer
Jay Dokter
Main Address
815 14TH STREET SW STE C250, LOVELAND, CO, 80537
Website
www.warehouseinnovation.comNTEE Category
Code: S43 - Community improvement
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