Overview
What is Business Innovation Factory?
Business Innovation Factory, abbreviated as BIF, is a nonprofit organization situated in Barrington, Rhode Island. Specializing in the fields of Healthcare, Education, and Citizen action, BIF engages in project work with organizations seeking significant transformations. Their approach combines human-centered design, rapid prototyping, storytelling, and active engagement to drive meaningful changes. BIF operates as a laboratory, allowing organizations to experiment with and test new models for delivering value. With a mission to foster business model and system-level innovation, BIF aims to make significant impacts in high-impact areas such as Healthcare and Education. Currently, BIF has a team of 11 dedicated professionals.
Official website here: www.businessinnovationfactory.com
Is Business Innovation Factory legitimate?
Business Innovation Factory is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Innovation Factory 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: $269,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.businessinnovationfactory.com
What is the mission statement of Business Innovation Factory?
The Business Innovation Factory (BIF), as a organization, is committed to tackling significant challenges in sectors such as healthcare and education. Their mission, in essence, revolves around establishing real-world environments where businesses can design, prototype, and test innovative models for delivering value. The BIF's mission specifically focuses on fostering business model and system-level innovation in high-impact areas, including health, education, and civic services. Their approach to this mission involves a unique blend of human-centered design, rapid prototyping, storytelling, and engagement in their project work with organizations eager for transformation. Additionally, they offer strategy, design, and capacity services to aid organizations in their transformation journey.
Official website here: www.businessinnovationfactory.com
Who is the CEO of Business Innovation Factory?
Victoria Guck is the Chief Catalyst of Business Innovation Factory.
Official website here: www.businessinnovationfactory.com
What is the revenue of Business Innovation Factory?
Business Innovation Factory's revenue in 2022 was $281,247.
Official website here: www.businessinnovationfactory.com
Who are the executives of Business Innovation Factory and what are their salaries?
The average compensation at Business Innovation Factory during 2022 was $24,480. There are 11 employees at Business Innovation Factory.
Here are 14 key members and their salaries:
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Official website here: www.businessinnovationfactory.com
Where can I find the form 990 for Business Innovation Factory?
Business Innovation Factory's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.businessinnovationfactory.com
Learn more at the official website: www.businessinnovationfactory.com
Mission Statement of Business Innovation Factory
The Business Innovation Factory, or BIF, is dedicated to tackling significant challenges in sectors such as Healthcare and Education, as well as encouraging citizen action. Their mission is to empower organizations by setting up real-world laboratories, where they can develop, prototype, and test innovative models for delivering value. By employing strategies that blend human-centered design, rapid prototyping, storytelling, and engagement, BIF assists organizations in transforming from minor adjustments to substantial changes. Their focus is on high-impact areas, including health, education, and civil services, aiming to drive system-level innovation. The BIF offers strategy, design, and capacity services to facilitate this transformation.
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Impact
October, 2024
The Business Innovation Factory (BIF) drives significant impact by addressing critical challenges in healthcare, education, and civic engagement through innovative methodologies. By creating real-world laboratories, BIF enables organizations to design, prototype, and test new business models that deliver greater value to communities.
BIF employs a unique approach that combines human-centered design, rapid prototyping, storytelling, and engagement to facilitate transformation. Through Experience Labs, they collaborate with organizations ready to move beyond incremental changes and embrace holistic transformation. Their strategy design and capacity services empower these organizations to implement system-level innovations that lead to sustainable improvements.
Operating out of Barrington, RI, BIF's mission centers on fostering collaboration to solve pressing societal issues, ultimately contributing to community improvement and systemic change in critical sectors. Their work has a lasting influence, encouraging other organizations to rethink and reshape how they deliver services and engage with the communities they serve.
This information is meant to be a general summary of Business Innovation Factory. 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: $88
- Program Service Revenue: $186,400
- Gross Receipts: $281,247
Assets and Liabilities:
- Total Assets: $410,292
- Total Liabilities: $0
- Net Assets: $410,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
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Revenue
$186,400
Organization Details
Founding Year
2004
Phone
(401) 270-7906Principal Officer
Victoria Guck
Main Address
200 Middle Highway, Barrington, RI, 02806
NTEE Category
Code: S99 - Community improvement
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