Overview
What is Starter Studio Fl Inc?
Starter Studio FL Inc is a nonprofit organization situated in the heart of Downtown Orlando, Florida, specifically at 130 S Orange Ave Suite B. Their primary mission is to foster Central Florida's technology and creative community by investing in emerging companies with substantial growth potential and a broad customer base. Their aim is to level the playing field by providing equal opportunities for capital investment to all members of the community. The organization operates a 20,000 square foot collaborative coworking facility, known as the Church Street Exchange Building, serving as a hub for tech start-ups to nurture innovation and growth into successful companies. Starter Studio FL Inc offers over 200 memberships, organizes numerous workshops, meetups, and speaker events, contributing to the development of a vibrant and diverse technology ecosystem in Orlando. The organization currently employs a team of four individuals.
Official website here: www.starterstudio.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Starter Studio Fl Inc has achieved a 79% overall score, reflecting strong accountability and finance practices. The rating is based entirely on a score that emphasizes the organization’s governance and financial transparency. The charity has demonstrated a commitment to maintaining an independent board, with all members being independent, which is crucial for ethical oversight.
The organization scores highly in several categories, including having no material diversion of assets and a solid liabilities to assets ratio of 28.18%. Additionally, it excels in its program expense ratio, with nearly 81% of its expenses directed towards programs, indicating a focus on mission-driven work. The presence of well-documented policies, such as conflict of interest and whistleblower protection, further enhances its accountability.
While the rating is commendable, potential donors may want to consider the overall impact and effectiveness of the programs offered by Starter Studio Fl Inc. The strong financial practices are a positive point, but understanding the outcomes of the projects funded is essential for a complete picture.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Starter Studio Fl Inc?
100% of 17 reviewers on Facebook recommend Starter Studio Fl Inc. Here is a summary of their reviews:
Participants express strong enthusiasm for the experiences provided by Starter Studio, highlighting the effective facilitation of events by Gregg and Shakirra. Many attendees appreciate the opportunity to connect with other startup companies and find value in the collaborative environment fostered by the organization. The sense of community and new friendships formed during these events is frequently noted, indicating that the nonprofit successfully meets the needs of its participants.
Overall, the sentiments reflect a high level of satisfaction with both the organization’s efforts and the positive outcomes of its programs. Individuals feel supported and empowered, suggesting that Starter Studio delivers on its promise to enhance the startup experience for new entrepreneurs.
This AI summary has been generated from reviews found on Facebook.
Is Starter Studio Fl Inc legitimate?
Starter Studio Fl Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Starter Studio Fl 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,352
For more financial information, click here
Official website here: www.starterstudio.org/
What is the mission statement of Starter Studio Fl Inc?
Starter Studio Fl Inc aims to foster Central Florida's technology and creative community by investing in promising companies. Their mission is to make it easier for individuals to start and grow businesses, believing in Orlando's potential to become a nationally recognized technology hub. They provide seed capital to early-stage technology companies with significant growth potential and a wide customer base. Their goal is to increase access to capital for these companies, creating a diverse technology ecosystem that reflects the community. Additionally, they operate a 20,000 square foot collaborative coworking facility in downtown Orlando, serving as a hub for tech start-ups to nurture innovation and grow into successful companies. They offer memberships, workshops, meetups, and speaker events to support this growth.
Official website here: www.starterstudio.org/
Who is the CEO of Starter Studio Fl Inc?
Dawn Haynes is the Ceo of Starter Studio Fl Inc. The CEO's salary of Starter Studio Fl Inc is $120,000 and their total compensation is $120,000.
Official website here: www.starterstudio.org/
What is the revenue of Starter Studio Fl Inc?
Starter Studio Fl Inc's revenue in 2021 was $591,239.
Official website here: www.starterstudio.org/
Who are the executives of Starter Studio Fl Inc and what are their salaries?
The average compensation at Starter Studio Fl Inc during 2021 was $47,088. There are 4 employees at Starter Studio Fl Inc.
Here are 11 key members and their salaries (Starter Studio Fl Inc's CEO's salary is $120,000 and their total compensation is $120,000):
- Compensation: $120,000
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Official website here: www.starterstudio.org/
Where can I find the form 990 for Starter Studio Fl Inc?
Starter Studio Fl Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.starterstudio.org/
Learn more at the official website: www.starterstudio.org/
Mission Statement of Starter Studio Fl Inc
Starter Studio FL Inc is dedicated to fostering Central Florida's technology and creative community by investing in promising companies. Their mission is threefold: firstly, they aim to provide seed capital to early-stage technology companies that show significant growth potential and a wide customer base. Secondly, they work towards increasing access to capital for these promising companies, thereby contributing to a diverse technology ecosystem that mirrors the community. Lastly, they strive to level the playing field by ensuring that capital is accessible to all members of the community.
In practice, Starter Studio FL Inc operates a 20,000 square foot collaborative coworking facility in the heart of downtown Orlando. This hub serves as a nurturing ground for tech start-ups, helping them transition from fledgling ideas into successful companies. They offer over 200 memberships, host numerous workshops, meetups, and speaker events, thereby creating an environment that encourages innovation and growth.
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Impact
July, 2024
Starter Studio Fl Inc's impact can be seen in its efforts to build Central Florida's technology and creative community by investing in promising companies. Through providing seed capital to early-stage technology companies with significant growth potential, they are increasing access to capital for these promising ventures and creating a diverse technology ecosystem that reflects the community. Additionally, the organization's successful operation of a 20,000 square foot collaborative coworking facility in downtown Orlando serves as a hub for tech start-ups to nurture innovation and growth. With 200 memberships, over 50 workshops, meetups, and speaker events, Starter Studio Fl Inc is actively supporting the growth and development of tech companies in the region. Their work aligns with their mission to make it easier for anyone in Orlando to start and grow a company, ultimately contributing to the growth and recognition of Orlando as a nationally-recognized center for technology.
This information is meant to be a general summary of Starter Studio Fl 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 2021.
- Investment Income: $208
- Program Service Revenue: $67,705
- Gross Receipts: $591,239
Assets and Liabilities:
- Total Assets: $2,025,728
- Total Liabilities: $744,464
- Net Assets: $1,281,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$35,351
CONFERENCE ROOM RENTAL
Revenue
$250
MEMBERSHIP FEES
Revenue
$32,104
Organization Details
Founding Year
2016
Phone
(407) 378-4150Principal Officer
Dawn Haynes
Main Address
130 S Orange Ave Suite B, Orlando, FL, 32801
Website
www.starterstudio.org/NTEE Category
Code: S30 - Community improvement
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