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Eigerlab Nfp

Niu Eigerlab

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

EIN: 472534715 ✦ Loves park, IL ✦ Designated as a 501(c)(3)

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Overview

What is Eigerlab Nfp?

Eigerlab Nfp, based in Loves Park, Illinois, serves as a comprehensive resource for entrepreneurs and innovators. Operating under the name NIU Eigerlab, this nonprofit organization assists startups, early-stage businesses, and expanding existing ventures by providing commercialization and engineering support services. Their mission is to facilitate the commercialization of new ideas, increase revenues and profits, offer peer groups, business services, design engineering, and rapid prototyping facilities, and connect with qualified investors. Additionally, NIU Eigerlab offers mentorship opportunities and aids in selling to the government or executing global market expansions. The organization is dedicated to educating and assisting entrepreneurs, fostering a supportive environment for innovation and growth.


Official website here: www.eigerlab.org

Is Eigerlab Nfp legitimate?

Eigerlab Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eigerlab Nfp 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: $191,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.eigerlab.org

What is the mission statement of Eigerlab Nfp?

Eigerlab Nfp is committed to assisting start-ups, early-stage businesses, and existing enterprises with growth and expansion. Acting as a comprehensive resource, it provides entrepreneurs and innovators with the tools necessary to commercialize new ideas, boost revenues and profits, join peer groups, utilize business services, and access design engineering and rapid prototyping services. Additionally, Eigerlab Nfp offers opportunities to learn new skills, connect with dedicated mentors, link to qualified investors, and receive assistance in selling to the government or expanding into international markets. Ultimately, its mission is to educate and assist businesses in reaching their full potential.


Official website here: www.eigerlab.org

Who is the CEO of Eigerlab Nfp?

Dr Gerald C Blazey is the President of Eigerlab Nfp.


Official website here: www.eigerlab.org

What is the revenue of Eigerlab Nfp?

Eigerlab Nfp's revenue in 2021 was $386,380.


Official website here: www.eigerlab.org

Who are the executives of Eigerlab Nfp and what are their salaries?


Here are 15 key members and their salaries:


Dr Gerald C Blazey (President)
  • Compensation: $0
  • Related: $234,883
  • Other: $62,990
Dr Anne Kaplan (Director)
  • Compensation: $0
  • Related: $118,660
  • Other: $6,028
Scott Dobbs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr John Kowalski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Linderman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Marutzky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Leslie Matuszewich (Director)
  • Compensation: $0
  • Related: $127,381
  • Other: $36,949
Gregory Morin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Balaji Rajagopalan (Director)
  • Compensation: $0
  • Related: $264,245
  • Other: $62,320
Dr Donald Peterson (Director)
  • Compensation: $0
  • Related: $255,597
  • Other: $55,199
Lee Sheridan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Jayakar Tobin Thangaraj (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Rena Cotsones (Vice President)
  • Compensation: $0
  • Related: $185,415
  • Other: $38,853
Cara Carlson (Treasurer)
  • Compensation: $0
  • Related: $118,377
  • Other: $43,267
Karinne Bredberg (Secretary)
  • Compensation: $0
  • Related: $72,374
  • Other: $27,368


Official website here: www.eigerlab.org

Where can I find the form 990 for Eigerlab Nfp?

Eigerlab Nfp's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.eigerlab.org

Learn more at the official website: www.eigerlab.org

Mission Statement of Eigerlab Nfp

Eigerlab Nfp, a nonprofit organization, is dedicated to supporting start-ups, early-stage businesses, and those looking to expand existing ventures. Acting as a comprehensive resource, Eigerlab Nfp aims to assist entrepreneurs and innovators in commercializing new ideas, boosting revenues and profits, participating in peer groups, accessing business services, and utilizing design engineering and rapid prototyping services. The organization offers opportunities for learning new skills, arranging meetings with experienced mentors, linking up with qualified investors, and securing assistance in selling to the government or executing global market expansions. By providing these services, Eigerlab Nfp plays a significant role in fostering the growth and success of new and established businesses.

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Impact




October, 2024

Eigerlab Nfp significantly impacts the entrepreneurial landscape by providing comprehensive support to start-ups, early-stage growth companies, and expanding businesses. Located in Loves Park, IL, it serves as a centralized resource hub for innovators and entrepreneurs, facilitating the commercialization of new ideas and enhancing revenue generation.

By offering design engineering and art-to-part rapid prototyping services, Eigerlab enables businesses to develop and refine their products efficiently. The center fosters a collaborative environment through peer groups, allowing entrepreneurs to share insights and experiences while gaining valuable skills through targeted educational programs.

Additionally, Eigerlab connects businesses with dedicated mentors who provide guidance tailored to specific challenges, thereby increasing the chances of success. Access to a network of qualified investors further supports businesses in securing funding for their ventures. Furthermore, the assistance in navigating government sales and executing global market expansions equips entrepreneurs with the tools necessary to thrive in competitive environments.

Ultimately, Eigerlab Nfp plays a crucial role in driving innovation and economic growth within the community, making it an indispensable asset for local businesses seeking to realize their potential.




This information is meant to be a general summary of Eigerlab Nfp. 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
$386,380 (2021)
Expenses
$565,908 (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: $386,380
  • Gross Receipts: $386,380

Assets and Liabilities:

  • Total Assets: $80,261
  • Total Liabilities: $25,627
  • Net Assets: $54,634

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Programs

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

UNIVERSITY CONTRACT FE

Revenue

$129,048

BUSINESS SERVICES

Revenue

$115,307

PRODUCT DEVELOPMENT

Revenue

$98,346

MEMBERSHIP REVENUE

Revenue

$43,679

Organization Details

Founding Year

2014

Principal Officer

Dr Gerald C Blazey

Main Address

5299 ZENITH PARKWAY, LOVES PARK, IL, 61111

NTEE Category

Code: S30 - Community improvement

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