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5Tht Innovation Group

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471164981 ✦ Conway, SC ✦ Designated as a 501(c)(3)

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Overview

What is 5Tht Innovation Group?

5Tht Innovation Group is a small, nonprofit organization located in Conway, South Carolina. With a single employee, their mission is centered around stimulating economic growth through the fostering of new technology and local entrepreneurial ventures. They dedicate their efforts to helping individuals and businesses organize and operate their business ventures effectively. Their activities mainly focus on promoting economic development at a local level.

Is 5Tht Innovation Group legitimate?

5Tht Innovation Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5Tht Innovation Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,766

For more financial information, click here

What is the mission statement of 5Tht Innovation Group?

The mission of 5Tht Innovation Group is centered around promoting economic development. They achieve this by fostering the creation of new technologies and supporting local entrepreneurial ventures. In essence, their mission is to assist individuals and businesses in getting their innovative ideas off the ground and functioning effectively.

Who is the CEO of 5Tht Innovation Group?

Michael H Roberts is the Board Member of 5Tht Innovation Group.

What is the revenue of 5Tht Innovation Group?

5Tht Innovation Group's revenue in 2021 was $38,761.

Who are the executives of 5Tht Innovation Group and what are their salaries?

The average compensation at 5Tht Innovation Group during 2021 was $5,766. There is 1 employee at 5Tht Innovation Group.


Here are 7 key members and their salaries:


Becky Boone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Skunda (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Gross (Bord Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Ritter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chet Hosmer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael H Roberts (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Mulikin (Secretarytreasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 5Tht Innovation Group?

5Tht Innovation Group's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of 5Tht Innovation Group

5Tht Innovation Group, as a nonprofit organization, is dedicated to promoting economic development through innovative means and the nurturing of local entrepreneurial ventures. Their mission is centered around the creation and cultivation of new technology, aiming to foster a thriving business environment within their community. By providing assistance to individuals and businesses, they work tirelessly to help these ventures get off the ground and operate effectively. This mission is a testament to their commitment to driving economic growth and development, all while leveraging the power of technology and local entrepreneurship.

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Impact




August, 2024

5Tht Innovation Group's impact can be seen in its efforts to drive economic development through the creation of new technology and local entrepreneurial ventures. By assisting individuals and businesses in getting their ventures organized and operating, this organization is making a tangible difference in the community of Conway, SC. Their mission to foster economic growth and innovation is apparent in their dedication to supporting local entrepreneurs and fostering a culture of innovation.




This information is meant to be a general summary of 5Tht Innovation Group. 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.

Revenue
$38,761 (2021)
Expenses
$135,193 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $12,000
  • Gross Receipts: $38,761

Assets and Liabilities:

  • Total Assets: $10,441
  • Total Liabilities: $78,028
  • Net Assets: -$67,587

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employment Assistance

Revenue

$12,000

Organization Details

Founding Year

2014

Principal Officer

Michael H Roberts

Main Address

690 Country Club Drive, Conway, SC, 29526

NTEE Category

Code: S20 - Community improvement

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