Overview
What is 43North Bpc Inc?
43North Bpc Inc is a nonprofit organization situated in the Buffalo/Niagara region and Western New York. Its primary mission is to foster an entrepreneurial environment by conducting a global business plan competition. This competition aims to showcase the region as an emerging hub for startups, attracting new businesses and ideas to Western New York. To support this endeavor, 43North provides financial and entrepreneurial assistance to winners of the competition and other startups that establish their companies in the area.
Official website here: www.43north.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)**
43North Bpc Inc has earned a Four-Star rating from Charity Navigator, reflecting a strong score in Accountability & Finance. This high rating indicates that the organization maintains a transparent and accountable financial structure, with 100% independent board members and a commendable program expense ratio of 97.60%. However, while the organization has demonstrated excellent accountability, other aspects like Leadership & Adaptability, Culture & Community, and Impact & Measurement have not been scored, suggesting areas for potential improvement or additional insight.
The analysis of financial practices further highlights the organization’s solid governance with effective oversight and no noted issues regarding asset diversion. The leadership salaries are disclosed, indicating transparency in compensation practices. Despite these strengths, the lack of scores in impact-related fields could leave question marks regarding the overall effectiveness and community engagement of the organization.
**User Reviews: Not Available**
This AI summary has been generated from information found on Charity Navigator.
Is 43North Bpc Inc legitimate?
43North Bpc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 43North Bpc 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: $449,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $633,948
For more financial information, click here
Official website here: www.43north.org
What is the mission statement of 43North Bpc Inc?
43North Bpc Inc's mission is centered around conducting a global business plan competition. This competition aims to elevate an emerging entrepreneurial scene for start-up companies, specifically in an unspecified region. The organization's goal is to attract new businesses and innovative ideas to this area, providing both financial and entrepreneurial support to the winners of the competition as well as to other start-ups establishing their companies there.
Official website here: www.43north.org
Who is the CEO of 43North Bpc Inc?
Colleen Heidinger is the President of 43North Bpc Inc.
Official website here: www.43north.org
What is the revenue of 43North Bpc Inc?
43North Bpc Inc's revenue in 2022 was $8,181,242.
Official website here: www.43north.org
Who are the executives of 43North Bpc Inc and what are their salaries?
The average compensation at 43North Bpc Inc during 2022 was $54,170. There are 20 employees and 500 volunteers at 43North Bpc Inc.
Here are 10 key members and their salaries:
- Compensation: $188,218
- Related: $0
- Other: $7,150
- Compensation: $137,231
- Related: $0
- Other: $20,116
- Compensation: $126,266
- Related: $0
- Other: $2,332
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.43north.org
Where can I find the form 990 for 43North Bpc Inc?
43North Bpc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.43north.org
Learn more at the official website: www.43north.org
Mission Statement of 43North Bpc Inc
43North Bpc Inc, a notable organization, is dedicated to conducting a global business plan competition with the primary objective of promoting Buffalo/Niagara Region and Western New York as an emerging entrepreneurial hub for startup companies. Their mission is multifaceted, aiming to attract new businesses and innovative ideas to the region and offer financial and entrepreneurial support to the winners of this competition, as well as to other startups establishing their companies within Western New York. By doing so, 43North Bpc Inc aims to establish Western New York as a thriving center for entrepreneurial activity, thereby fostering economic growth and innovation in the area.
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Impact
July, 2024
43North Bpc Inc's impact lies in promoting the Buffalo/Niagara region and Western New York as a burgeoning entrepreneurial hub for startup companies. By conducting a global business plan competition, the organization attracts new businesses and fresh business ideas to Western New York. Additionally, they provide financial and entrepreneurial support to contest winners and other startups choosing to base their companies in Western New York. Through these initiatives, 43North Bpc Inc contributes to the economic development and growth of the region, fostering innovation and community improvement.
This information is meant to be a general summary of 43North Bpc 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.
- Gross Receipts: $8,181,242
Assets and Liabilities:
- Total Assets: $13,369,607
- Total Liabilities: $3,085,563
- Net Assets: $10,284,044
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Organization Details
Founding Year
2015
Phone
(716) 207-1566Principal Officer
Colleen Heidinger
Main Address
1 WEST SENECA TOWER FLR 24, BUFFALO, NY, 14203
Website
www.43north.orgNTEE Category
Code: S31 - Community improvement
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