Overview
What is Innovation Marquette Enterprise Corporation?
Innovation Marquette Enterprise Corporation, based in Marquette, Michigan, is a flourishing nonprofit organization currently employing nine individuals. With a mission to nurture and empower innovators, inventors, researchers, and entrepreneurs, the corporation serves as a business accelerator. By partnering with local assets and organizations, it aims to transform its community and region into a globally recognized hub for entrepreneurial endeavors. This includes fostering the creation of new tech-based business start-ups, which in turn helps retain existing jobs and stimulates local economic growth. The corporation provides essential support and services to its target demographic, aiming to contribute significantly to the region's entrepreneurial ecosystem.
Official website here: www.innovatemarquette.org/about-us/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Innovation Marquette Enterprise Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid overall score largely derived from its Accountability & Finance metrics. The organization demonstrates strong governance practices, with a fully independent board and comprehensive financial oversight measures, scoring full points in several areas like board independence and conflict of interest policies.
The organization has shown effective management of its resources, with a notable absence of asset diversion and well-documented board meeting minutes. However, some areas, such as the liabilities to assets ratio, received a lower score, indicating potential areas for financial improvement. The program expense ratio also suggests that while they spend a good portion on their programs, there is room for enhancing the efficiency of those expenditures.
Overall, while Innovation Marquette Enterprise Corporation exhibits strong accountability and sound financial practices, attention to certain financial ratios could bolster its operational effectiveness and further increase its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Marquette Enterprise Corporation legitimate?
Innovation Marquette Enterprise Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Marquette Enterprise Corporation 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: $138,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,130
For more financial information, click here
Official website here: www.innovatemarquette.org/about-us/
What is the mission statement of Innovation Marquette Enterprise Corporation?
Innovation Marquette Enterprise Corporation serves as a non-profit business accelerator, offering support and resources to innovators, inventors, researchers, and entrepreneurs. Its mission is to aid in the transformation of the community and region into a thriving entrepreneurial ecosystem. This involves partnering with other community assets and organizations to foster the creation of new tech-based business start-ups and various entrepreneurial initiatives. These endeavors aim to generate new job opportunities and retain existing ones, ultimately contributing to the growth and development of the entrepreneurial sector.
Official website here: www.innovatemarquette.org/about-us/
Who is the CEO of Innovation Marquette Enterprise Corporation?
Joseph A Thiel is the Ceo of Innovation Marquette Enterprise Corporation. The CEO's salary of Innovation Marquette Enterprise Corporation is $138,669 and their total compensation is $138,669.
Official website here: www.innovatemarquette.org/about-us/
What is the revenue of Innovation Marquette Enterprise Corporation?
Innovation Marquette Enterprise Corporation's revenue in 2022 was $1,649,387.
Official website here: www.innovatemarquette.org/about-us/
Who are the executives of Innovation Marquette Enterprise Corporation and what are their salaries?
The average compensation at Innovation Marquette Enterprise Corporation during 2022 was $57,978. There are 9 employees at Innovation Marquette Enterprise Corporation.
Here are 17 key members and their salaries (Innovation Marquette Enterprise Corporation's CEO's salary is $138,669 and their total compensation is $138,669):
- Compensation: $138,669
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.innovatemarquette.org/about-us/
Where can I find the form 990 for Innovation Marquette Enterprise Corporation?
Innovation Marquette Enterprise Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovatemarquette.org/about-us/
Learn more at the official website: www.innovatemarquette.org/about-us/
Mission Statement of Innovation Marquette Enterprise Corporation
Innovation Marquette Enterprise Corporation, as a non-profit business accelerator, is dedicated to providing support and services to innovators, inventors, researchers, and entrepreneurs. Their mission is to foster an environment that nurtures the growth of new tech-based business start-ups and other entrepreneurial endeavors. By partnering with other community assets and organizations, this non-profit aims to transform the community and region into a world-class entrepreneurial ecosystem. This transformation will not only create new jobs but also help retain existing ones, thereby contributing to the overall development and progress of the entrepreneurial sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Innovation Marquette Enterprise Corporation's impact lies in its role as a catalyst for fostering innovation, entrepreneurship, and economic growth within the Marquette community and beyond. Through its non-profit business acceleration programs and support services, the organization empowers innovators, inventors, researchers, and entrepreneurs to transform their cutting-edge ideas into successful tech-based startups and other entrepreneurial ventures. By doing so, Innovation Marquette Enterprise Corporation contributes to the creation of new job opportunities, the retention of existing ones, and the overall enhancement of the local entrepreneurial ecosystem. This impact is essential in driving community improvement and advancing the region towards becoming a distinguished hub for innovation and business development.
This information is meant to be a general summary of Innovation Marquette Enterprise Corporation. 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: $1,100
- Program Service Revenue: $1,486,549
- Gross Receipts: $1,649,387
Assets and Liabilities:
- Total Assets: $2,836,209
- Total Liabilities: $1,673,757
- Net Assets: $1,162,452
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$2,000
MANAGEMENT SERVICES
Revenue
$207,362
LDFA TIF FUNDING
Revenue
$1,277,187
Organization Details
Founding Year
2015
Phone
(906) 273-0688Principal Officer
Joseph A Thiel
Main Address
101 WEST WASHINGTON APT 11, MARQUETTE, MI, 49855
NTEE Category
Code: S41 - Community improvement
If you are a representative of Innovation Marquette Enterprise Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.