Overview
What is Nxtus Inc?
Nxtus Inc, located in Wichita, Kansas, is a community-focused nonprofit organization with a mission to stimulate entrepreneurship. They achieve this by providing education, mentorship, incubation, and acceleration programs for aspiring entrepreneurs and entrepreneurial companies. Specifically, Nxtus Inc implements initiatives such as the Community Health and Vibrancy Cohort, Customer Traction Cohort, Fintech Pilot Competition, and the Enterprise Engagement Series. Their workforce consists of six dedicated individuals, making significant strides to foster the Wichita entrepreneurial ecosystem by inspiring, mentoring, and investing in the next generation of entrepreneurs.
Official website here: www.nxtus.io
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Nxtus Inc earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with a score of 77%. The organization demonstrates strong governance, with 87% of its board members being independent and a comprehensive conflict of interest policy in place. Additionally, there are no reported issues with material diversion of assets, highlighting financial integrity.
The organization excels in its program expense ratio, allocating approximately 70.63% of its expenses directly to its programs. This efficiency indicates a commitment to delivering value to its mission. Furthermore, Nxtus Inc maintains effective documentation practices, including retention and destruction policies, which helps bolster transparency and accountability.
However, the organization does have room for improvement, particularly noted by the absence of a whistleblower policy, which received a score of zero points. Addressing this gap could enhance Nxtus Inc's governance practices and overall trustworthiness. Overall, while Nxtus Inc shows several strengths, focusing on improving its policies could further elevate its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Nxtus Inc legitimate?
Nxtus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nxtus 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: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,393
For more financial information, click here
Official website here: www.nxtus.io
What is the mission statement of Nxtus Inc?
Nxtus Inc, being a community-driven organization, aims to educate, mentor, incubate, and accelerate aspiring entrepreneurs and entrepreneurial companies. Their mission is to serve as a center of gravity to foster the local entrepreneurial ecosystem by having seasoned entrepreneurs inspire, mentor, and invest in the next generation of entrepreneurs. This is accomplished through various programs such as the Nxtus Accelerator, including the Community Health and Vibrancy Cohort, Customer Traction Cohort, Fintech Pilot Competition, and the Enterprise Engagement Series.
Official website here: www.nxtus.io
Who is the CEO of Nxtus Inc?
Mary Beth Jarvis is the President/Ceo of Nxtus Inc. The CEO's salary of Nxtus Inc is $150,127 and their total compensation is $180,000.
Official website here: www.nxtus.io
What is the revenue of Nxtus Inc?
Nxtus Inc's revenue in 2022 was $924,507.
Official website here: www.nxtus.io
Who are the executives of Nxtus Inc and what are their salaries?
The average compensation at Nxtus Inc during 2022 was $59,399. There are 6 employees at Nxtus Inc.
Here are 8 key members and their salaries (Nxtus Inc's CEO's salary is $150,127 and their total compensation is $180,000):
- Compensation: $150,127
- Related: $0
- Other: $29,873
- 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.nxtus.io
Where can I find the form 990 for Nxtus Inc?
Nxtus Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nxtus.io
Learn more at the official website: www.nxtus.io
Mission Statement of Nxtus Inc
Nxtus Inc, a community-driven organization, is committed to its mission of serving as a hub to accelerate the entrepreneurial ecosystem in an unspecified location. By bringing together seasoned entrepreneurs, Nxtus Inc inspires, mentors, and invests in the next generation of entrepreneurs and entrepreneurial companies. The organization's goal is to be a center of gravity, fostering a vibrant and supportive environment for aspiring entrepreneurs to grow and thrive. This is achieved through various programs, including the Nxtus Accelerator, which encompasses initiatives such as the Community Health and Vibrancy Cohort, Customer Traction Cohort, Fintech Pilot Competition, and the Enterprise Engagement Series. These programs provide valuable resources and opportunities for aspiring entrepreneurs, ultimately contributing to the overall growth and success of the entrepreneurial community.
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Impact
July, 2024
Nxtus Inc's impact revolves around accelerating the Wichita entrepreneurial ecosystem by educating, mentoring, incubating, and accelerating aspiring entrepreneurs and entrepreneurial companies. Through initiatives like the NXTUS Accelerator, the organization supports the growth of entrepreneurs through programs like the Community Health and Vibrancy Cohort, Customer Traction Cohort, FinTech Pilot Competition, and the Enterprise Engagement Series. Nxtus Inc serves as a center-of-gravity for seasoned entrepreneurs to inspire, mentor, and invest in the next generation of entrepreneurs, ultimately working towards the improvement and growth of the community in Wichita, Kansas.
This information is meant to be a general summary of Nxtus 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.
- Investment Income: $825
- Program Service Revenue: $87,142
- Gross Receipts: $924,507
Assets and Liabilities:
- Total Assets: $591,599
- Total Liabilities: $43,250
- Net Assets: $548,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCELERATE VENTURE PAR
Revenue
$87,142
Organization Details
Founding Year
2015
Phone
(316) 559-4010Principal Officer
Mary Beth Jarvis
Main Address
245 N WACO 230A, WICHITA, KS, 67202
Website
www.nxtus.ioNTEE Category
Code: S30 - Community improvement
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