Overview
What is The Entrepreneurs Edge?
The Entrepreneurs Edge is a nonprofit organization located in Independence, Ohio, specifically at 6801 Brecksville Road 160. Their primary objective is to boost economic development in Northeast Ohio through innovation and entrepreneurship. They achieve this goal by providing four main programs: membership, Scalerator, InnoQuest, and Edge Fellows. The membership program offers educational opportunities for midsize company CEOs and their leadership teams, fostering peer-to-peer learning and collaboration with outside experts. Scalerator is an intense classroom-based program designed for smaller company management teams aiming to expand their businesses. InnoQuest is a peer group program that provides experiential learning for company innovation leaders. Lastly, Edge Fellows is a graduate-level student intern program where students work with companies to explore new market opportunities, with The Entrepreneurs Edge handling project selection, hiring, and supervision. The total employee count at The Entrepreneurs Edge is 6.
Official website here: www.edgef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Entrepreneurs Edge has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization scored particularly well in areas such as board independence and asset management, indicating some strong governance frameworks in place. However, the overall rating highlights weaknesses, especially in program expense allocation and the absence of a whistleblower and document retention policies.
The organization's program expense ratio is notably low, suggesting that a smaller proportion of its expenditures are directed towards its core mission. This may indicate inefficiencies in how funds are utilized to achieve their stated goals. The lack of a whistleblower policy is also a critical concern, as it can affect transparency and accountability within the organization, potentially deterring reports of misconduct.
Despite these challenges, The Entrepreneurs Edge demonstrates a commitment to having an independent board and maintaining proper documentation of meetings and financial assets. However, potential donors and supporters may want to critically assess these factors before contributing, as the overall financial health and mission impact remain uncertain.
This AI summary has been generated from information found on Charity Navigator.
Is The Entrepreneurs Edge legitimate?
The Entrepreneurs Edge is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Entrepreneurs Edge 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: $297,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,286
For more financial information, click here
Official website here: www.edgef.org
What is the mission statement of The Entrepreneurs Edge?
The Entrepreneurs Edge aims to foster economic development through innovation and entrepreneurship. Their mission is to stimulate profitable business growth for mid-sized companies by facilitating the exchange of knowledge and experiences among CEOs and leadership teams. They provide four primary programs: membership programs for midsize company executives to learn from each other and outside experts, a Scalerator program for smaller company management teams looking to expand, an InnoQuest peer group program for innovation leaders, and an Edge Fellows program, which is a graduate-level student intern program where students work with companies to evaluate new market opportunities. Their ultimate goal is to establish the organization's location as a prime spot for midsize companies.
Official website here: www.edgef.org
What is the revenue of The Entrepreneurs Edge?
The Entrepreneurs Edge's revenue in 2023 was $622,610.
Official website here: www.edgef.org
Who are the executives of The Entrepreneurs Edge and what are their salaries?
The average compensation at The Entrepreneurs Edge during 2023 was $100,344. There are 6 employees and 75 volunteers at The Entrepreneurs Edge.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $233,917
- Related: $0
- Other: $63,861
- Compensation: $0
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- Other: $0
- Compensation: $108,160
- Related: $0
- Other: $0
Official website here: www.edgef.org
Where can I find the form 990 for The Entrepreneurs Edge?
The Entrepreneurs Edge's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edgef.org
Learn more at the official website: www.edgef.org
Mission Statement of The Entrepreneurs Edge
The Entrepreneurs Edge, a nonprofit organization, aims to foster economic development in Northeast Ohio through innovation and entrepreneurship. Its mission is to stimulate profitable business growth for mid-sized companies in the region by facilitating the exchange of knowledge and experience among CEOs and leadership teams. The Entrepreneurs Edge believes in the power of peer-to-peer learning and outside experts, designing educational programs for its member companies' leaders to learn from each other.
In pursuit of its vision to establish Northeast Ohio as a leading location for midsize companies, The Entrepreneurs Edge offers four primary programs. The Membership program provides educational opportunities for CEOs and their teams, allowing them to learn from each other and external experts. The Scalerator program targets smaller company management teams who are eager to expand their businesses, offering an intense classroom-based program. The InnoQuest program is a peer group initiative that offers experiential learning to company innovation leaders. Lastly, the Edge Fellows program is a graduate-level student intern program, where students work with companies to evaluate new market opportunities. The Entrepreneurs Edge takes on the responsibility of finding projects, hiring students, and providing supervision and mentorship.
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Impact
July, 2024
The Entrepreneurs Edge is making a significant impact in Northeast Ohio by sparking profitable business growth for mid-sized companies in the region. Through its innovative programs, The Entrepreneurs Edge is accelerating the exchange of knowledge and experience among CEOs and leadership teams, ultimately enhancing economic development in the area. By focusing on providing educational programs, intensive training, peer group experiences, and student intern opportunities, The Entrepreneurs Edge is actively working towards its vision of making Northeast Ohio a preeminent location for midsize companies. Their dedication to fostering entrepreneurship and innovation is not only beneficial for the companies involved but also contributes to the overall improvement of the community.
This information is meant to be a general summary of The Entrepreneurs Edge. 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 2023.
- Investment Income: $94,173
- Program Service Revenue: $467,801
- Gross Receipts: $656,598
Assets and Liabilities:
- Total Assets: $3,397,210
- Total Liabilities: $393,731
- Net Assets: $3,003,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMMING
Revenue
$311,509
MEMBERSHIP DUES
Revenue
$156,292
Organization Details
Founding Year
2004
Principal Officer
D Kirk Neiswander
Website
www.edgef.orgNTEE Category
Code: S40 - Community improvement
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