Overview
What is The Catalyst Center For Business & Entrepreneurship?
The Catalyst Center for Business and Entrepreneurship, situated in Huntsville, Alabama, is a dedicated nonprofit organization. Their primary focus is to support the development and growth of new businesses and to offer counseling services to small enterprises. This is accomplished through various programs they facilitate. By providing assistance to startups and small businesses, the center aims to contribute positively to their growth and success.
Official website here: www.catalystcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Catalyst Center for Business & Entrepreneurship has achieved a solid rating of 88% from Charity Navigator, indicating a strong performance in accountability and finance. This rating reflects the organization's commitment to transparency, with a completely independent board and a high percentage of program expenses directed toward its mission. The charity's robust financial oversight, including an audit and oversight committee, further highlights its dedication to responsible financial management.
The organization earned full points in several areas, including its conflict of interest policy and the absence of material diversion of assets, showcasing a strong ethical framework. Additionally, the Catalyst Center has a promising liabilities-to-assets ratio of 32.49%, which suggests a healthy financial state. However, it should be noted that the organization is missing a whistleblower policy, which could impact its overall governance framework.
While the Catalyst Center demonstrates strong accountability practices, potential donors may want to consider the lack of a whistleblower policy as a limitation. Overall, the charity's commitment to high program expense ratios and effective governance practices positions it as a reliable choice for those looking to support entrepreneurship initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Catalyst Center For Business & Entrepreneurship legitimate?
The Catalyst Center For Business & Entrepreneurship is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catalyst Center For Business & Entrepreneurship 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: $128,840
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,584
For more financial information, click here
Official website here: www.catalystcenter.org
What is the mission statement of The Catalyst Center For Business & Entrepreneurship?
The Catalyst Center for Business and Entrepreneurship is dedicated to supporting the growth of new businesses and assisting small enterprises. Through its programs, the center offers counseling services to help startups thrive. Its mission is to aid in the expansion and success of these enterprises, contributing to the overall economic development.
Official website here: www.catalystcenter.org
Who is the CEO of The Catalyst Center For Business & Entrepreneurship?
Lisa Mays is the Chair of The Catalyst Center For Business & Entrepreneurship. The CEO's salary of The Catalyst Center For Business & Entrepreneurship is $128,840 and their total compensation is $128,840.
Official website here: www.catalystcenter.org
What is the revenue of The Catalyst Center For Business & Entrepreneurship?
The Catalyst Center For Business & Entrepreneurship's revenue in 2022 was $1,592,920.
Official website here: www.catalystcenter.org
Who are the executives of The Catalyst Center For Business & Entrepreneurship and what are their salaries?
The average compensation at The Catalyst Center For Business & Entrepreneurship during 2022 was $44,186. There are 13 employees and 150 volunteers at The Catalyst Center For Business & Entrepreneurship.
Here are 14 key members and their salaries (The Catalyst Center For Business & Entrepreneurship's CEO's salary is $128,840 and their total compensation is $128,840):
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- Compensation: $128,840
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Official website here: www.catalystcenter.org
Where can I find the form 990 for The Catalyst Center For Business & Entrepreneurship?
The Catalyst Center For Business & Entrepreneurship's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catalystcenter.org
Learn more at the official website: www.catalystcenter.org
Mission Statement of The Catalyst Center For Business & Entrepreneurship
The Catalyst Center for Business and Entrepreneurship is dedicated to furthering the growth of new businesses and offering guidance to startups. This nonprofit organization, based on its mission statement, aims to support the development of small businesses through its various programs. By providing counseling and resources, The Catalyst Center for Business and Entrepreneurship strives to contribute to the success of these fledgling ventures.
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Impact
July, 2024
The Catalyst Center For Business & Entrepreneurship has had a significant impact on the Huntsville, AL community by providing vital support and guidance to startups and small businesses. Through its programs, the center has helped numerous entrepreneurs navigate the complexities of starting and growing their businesses. By fostering a culture of innovation and entrepreneurship, The Catalyst Center has played a key role in the economic development of the region. Its efforts have not only led to the creation of new businesses but have also contributed to job creation, wealth generation, and overall community improvement.
This information is meant to be a general summary of The Catalyst Center For Business & Entrepreneurship. 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: $312
- Program Service Revenue: $568,122
- Gross Receipts: $1,592,920
Assets and Liabilities:
- Total Assets: $800,491
- Total Liabilities: $222,723
- Net Assets: $577,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING AND DEVELOPMENT
Revenue
$568,122
Organization Details
Founding Year
2003
Phone
(256) 535-2038Principal Officer
Lisa Mays
Main Address
515 SPARKMAN DR, HUNTSVILLE, AL, 35816
Website
www.catalystcenter.orgNTEE Category
Code: S43 - Community improvement
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