Overview
What is Berkshire Innovation Center Inc?
Berkshire Innovation Center Inc, based in Pittsfield, Massachusetts, serves as a nonprofit organization dedicated to fostering innovation and growth within the local manufacturing sector. By providing state-of-the-art facilities and educational programs, this center aims to support small to medium-sized companies in the Berkshire County area. The organization's objective is to spur economic growth, develop a skilled workforce, and increase job opportunities and investments in the region. To achieve this, Berkshire Innovation Center offers advanced capabilities to manufacturers, primarily in life sciences, the life sciences supply chain, advanced manufacturing, and technology. The ultimate goal is to accelerate the growth of the manufacturing sector, ultimately contributing to the region's overall economic development.
Official website here: www.berkshireinnovationcenter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating. This high score indicates that Berkshire Innovation Center Inc demonstrates strong performance in accountability and finance, reflecting a commitment to transparency and effective financial management. The charity's overall score is derived from its exceptional accountability practices, which are critical for donor trust and organizational integrity.
The organization boasts a fully independent board with 100% of its members being independent, which enhances its governance and decision-making processes. Additionally, it has received high marks for various financial oversight mechanisms, including a comprehensive audit and strong policies on conflict of interest and whistleblower protections. The low liabilities to assets ratio suggests that the organization manages its resources effectively, supporting sustainability.
Berkshire Innovation Center Inc has a program expense ratio of 80.51%, indicating that a significant portion of its funds is directed towards programs rather than administrative costs. However, while the data presented is quite positive, it is essential for potential donors to consider ongoing performance and community impact in their decision-making process. Overall, the organization appears to be a reliable option for supporting innovation in Berkshire.
This AI summary has been generated from information found on Charity Navigator.
Is Berkshire Innovation Center Inc legitimate?
Berkshire Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkshire Innovation Center 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: $143,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,398
For more financial information, click here
Official website here: www.berkshireinnovationcenter.com
What is the mission statement of Berkshire Innovation Center Inc?
The Berkshire Innovation Center Inc's mission is to support and accelerate the growth of existing and startup businesses, focusing primarily on small to medium-sized manufacturing companies in the life sciences, the life sciences supply chain, advanced manufacturing, and technology sectors. Their objective is to expand the innovation capacity of these businesses by providing them with advanced capabilities, ultimately aiming to stimulate economic growth, create jobs, and increase investments. The center serves as a catalyst for fostering a skilled workforce in the region.
Official website here: www.berkshireinnovationcenter.com
Who is the CEO of Berkshire Innovation Center Inc?
B Stephen Boyd is the President of Berkshire Innovation Center Inc.
Official website here: www.berkshireinnovationcenter.com
What is the revenue of Berkshire Innovation Center Inc?
Berkshire Innovation Center Inc's revenue in 2022 was $968,470.
Official website here: www.berkshireinnovationcenter.com
Who are the executives of Berkshire Innovation Center Inc and what are their salaries?
The average compensation at Berkshire Innovation Center Inc during 2022 was $51,490. There are 7 employees and 22 volunteers at Berkshire Innovation Center Inc.
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- Compensation: $133,219
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- Other: $7,976
Official website here: www.berkshireinnovationcenter.com
Where can I find the form 990 for Berkshire Innovation Center Inc?
Berkshire Innovation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berkshireinnovationcenter.com
Learn more at the official website: www.berkshireinnovationcenter.com
Mission Statement of Berkshire Innovation Center Inc
The Berkshire Innovation Center Inc is dedicated to supporting the growth and innovation of existing and startup businesses, primarily small to medium-sized manufacturing companies, in the Berkshire County, Massachusetts area. Their mission is to expand the innovation capacity and growth potential of these businesses by providing them with advanced capabilities. This nonprofit organization serves the life sciences, the life sciences supply chain, advanced manufacturing, and technology sectors, with the ultimate goal of spurring economic growth, creating jobs, and fostering investments in the region. By facilitating the growth of the manufacturing sector, Berkshire Innovation Center Inc aims to develop a skilled workforce and contribute to the overall development of the region.
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Impact
July, 2024
Berkshire Innovation Center Inc has a significant impact on the Berkshire County, Massachusetts area, particularly on small to medium-sized manufacturing companies. By providing state-of-the-art scientific research facilities and educational programs, the organization plays a crucial role in expanding the innovation capacity and growth potential of businesses in the region. This support enables manufacturers to thrive in industries such as life sciences, advanced manufacturing, and technology, ultimately spurring economic growth, job creation, and increasing investments in the area.
This information is meant to be a general summary of Berkshire Innovation Center 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: $187,759
- Gross Receipts: $968,470
Assets and Liabilities:
- Total Assets: $12,529,840
- Total Liabilities: $1,070,204
- Net Assets: $11,459,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES
Revenue
$144,860
FACILITY SPACE AND LAB
Revenue
$42,899
Organization Details
Founding Year
2014
Phone
(413) 449-1100Principal Officer
B Stephen Boyd
Main Address
45 WOODLAWN AVENUE, PITTSFIELD, MA, 01201
NTEE Category
Code: J01 - Employment
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