Overview
What is The New Bohemian Innovation Collaborative Inc?
The New Bohemian Innovation Collaborative Inc, headquartered unspecified, is a nonprofit organization committed to enriching entrepreneurs and the broader business community. They achieve this goal by offering educational programs, such as Deltav codeschool, networking events like 1 Million Cups, and workspace facilities like Vault coworking. Their mission is to empower new business owners and established professionals, fostering a supportive environment for innovation and growth within their community.
Official website here: www.newbo.co
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
The New Bohemian Innovation Collaborative Inc has received an 81% rating, indicating a solid performance in the area of Accountability & Finance. This score reflects the organization’s commitment to transparency and ethical financial practices, as evidenced by its strong scores across various accountability metrics. Notably, the organization boasts a fully independent board and comprehensive fiscal oversight measures which enhance its credibility.
Strengths of this nonprofit include its high percentage of independent board members and an excellent program expense ratio of 83.73%, suggesting that a significant portion of its funds directly supports its mission-related activities. Furthermore, the organization has established policies for conflict of interest, whistleblowing, and document retention, showcasing a robust governance framework. These factors contribute to the trustworthiness and reliability of the organization in the eyes of donors and stakeholders.
While the overall rating is commendable, it is worth noting that the score is solely based on the Accountability & Finance beacon. This focus may limit insights into other crucial areas such as impact and effectiveness of programs. Nonetheless, the overall strong governance and financial health point to a well-managed organization capable of making a positive difference within its community.
This AI summary has been generated from information found on Charity Navigator.
Is The New Bohemian Innovation Collaborative Inc legitimate?
The New Bohemian Innovation Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Bohemian Innovation Collaborative 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: $113,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,589,995
For more financial information, click here
Official website here: www.newbo.co
What is the mission statement of The New Bohemian Innovation Collaborative Inc?
The New Bohemian Innovation Collaborative Inc, often referred to as NewBoCo, is dedicated to educating and supporting new business owners, entrepreneurs, and the broader business community. They accomplish this mission through various initiatives such as Deltav codeschool, 1 Million Cups, and Vault coworking. These programs aim to educate, accelerate, and provide assistance to entrepreneurs, contributing to the growth and development of the wider business community.
Official website here: www.newbo.co
Who is the CEO of The New Bohemian Innovation Collaborative Inc?
Jill Wilkins is the E.D. (Thru April 2023) of The New Bohemian Innovation Collaborative Inc.
Official website here: www.newbo.co
What is the revenue of The New Bohemian Innovation Collaborative Inc?
The New Bohemian Innovation Collaborative Inc's revenue in 2022 was $2,714,657.
Official website here: www.newbo.co
Who are the executives of The New Bohemian Innovation Collaborative Inc and what are their salaries?
The average compensation at The New Bohemian Innovation Collaborative Inc during 2022 was $51,610. There are 33 employees and 11 volunteers at The New Bohemian Innovation Collaborative Inc.
Here are 15 key members and their salaries:
- Compensation: $108,971
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- Other: $3,700
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- Compensation: $109,334
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- Other: $3,280
- Compensation: $105,503
- Related: $0
- Other: $21,720
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- Other: $0
Official website here: www.newbo.co
Where can I find the form 990 for The New Bohemian Innovation Collaborative Inc?
The New Bohemian Innovation Collaborative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newbo.co
Learn more at the official website: www.newbo.co
Mission Statement of The New Bohemian Innovation Collaborative Inc
The New Bohemian Innovation Collaborative Inc, often referred to as NewBoCo, is a mission-driven organization dedicated to enlightening and aiding new business owners, entrepreneurs, and the broader business community. Its primary objective is to educate, stimulate, and support these individuals through initiatives such as Deltav codeschool, 1 Million Cups, and Vault coworking.
NewBoCo's mission is multifaceted, with a strong focus on education. Through programs like Deltav codeschool, it offers learning opportunities for individuals looking to develop their skills in coding and technology. This educational aspect is crucial in fostering a robust entrepreneurial community.
Beyond education, NewBoCo also seeks to accelerate growth in the entrepreneurial sector. By providing resources and support, it encourages the development of new businesses and the expansion of existing ones. Programs like 1 Million Cups offer a platform for entrepreneurs to present their ideas and receive feedback from their peers and mentors, thereby aiding in the growth and success of their ventures.
Lastly, NewBoCo also supports the broader business community by offering coworking spaces through Vault. This facility provides a shared workspace where entrepreneurs can network, collaborate, and work alongside one another, fostering a sense of community and mutual support.
In conclusion, The New Bohemian Innovation Collaborative Inc, or NewBoCo, is an organization that educates, accelerates, and assists entrepreneurs and the wider business community through various programs. Its mission is to empower individuals, stimulate growth, and foster a supportive environment for new business owners and entrepreneurs.
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Impact
July, 2024
The New Bohemian Innovation Collaborative Inc, based in Cedar Rapids, Iowa, is making a significant impact by providing education and support to new business owners, entrepreneurs, and the broader business community. Through programs like Deltav codeschool, 1 Million Cups, and Vault coworking, NewBoCo is empowering individuals to develop their entrepreneurial skills and succeed in the business world. Their work is fostering innovation, collaboration, and economic growth in the region, ultimately contributing to the development of a vibrant and thriving business ecosystem.
This information is meant to be a general summary of The New Bohemian Innovation Collaborative 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: $12
- Program Service Revenue: $2,067,062
- Gross Receipts: $2,714,657
Assets and Liabilities:
- Total Assets: $841,737
- Total Liabilities: $1,655,889
- Net Assets: -$814,152
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAMS
Revenue
$1,125,546
ADMINISTRATION SERVICE
Revenue
$614,841
ECOSYSTEM PROGRAM
Revenue
$326,675
Organization Details
Founding Year
2013
Phone
(319) 382-5128Principal Officer
Jill Wilkins
Main Address
415 12TH AVENUE SOUTH EAST, CEDAR RAPIDS, IA, 52401
Website
www.newbo.coNTEE Category
Code: T02 - Philanthropy
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