Overview
What is Growth Factory Inc?
Growth Factory Inc, based in Rocklin, California, is a nonprofit organization dedicated to supporting high-growth ventures. Its core program, introduced in 2022, focuses on customer discovery, fundability, and leadership development for startups. In 2022, 33 companies and around 70 individuals were supported through two cohorts. The organization expanded its reach to serve a broader range of entrepreneurs and contribute to the regional entrepreneurial ecosystem. Growth Factory launched the Roseville Venture Lab, offering free coworking space, and supported additional companies through Roseville Rising. The nonprofit also acted as an Entrepreneur in Residence at Sierra College, fostering an entrepreneurial mindset across campus. Growth Factory hosted GFX, a large-scale regional innovation conference, attracting 600 attendees and showcasing 23 companies. Overall, Growth Factory Inc aims to provide early-stage entrepreneurs from Northern California with access to capital, capacity-building programs, and a network of expert resources to support their companies' growth.
Official website here: www.growthfactory.us
Is Growth Factory Inc legitimate?
Growth Factory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Growth Factory 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: $125,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,954
For more financial information, click here
Official website here: www.growthfactory.us
What is the mission statement of Growth Factory Inc?
Growth Factory Inc's mission is centered around supporting early-stage entrepreneurs. It provides them with access to capital, capacity-building programs, and a community of expert resources, aiming to foster the growth and success of their companies. The organization offers programming such as workshops and mentorship in market acceleration, fundraising strategies, and leadership development for high-growth startups. In 2022, it supported 33 companies and their teams through its core accelerator program, and expanded its reach to a broader range of entrepreneurs and the regional entrepreneurial ecosystem. Growth Factory also launched the Roseville Venture Lab, a coworking space and event venue, and offered entrepreneurial support programs like Roseville Rising.
Official website here: www.growthfactory.us
Who is the CEO of Growth Factory Inc?
Monique Brown is the Secretary of Growth Factory Inc.
Official website here: www.growthfactory.us
What is the revenue of Growth Factory Inc?
Growth Factory Inc's revenue in 2022 was $431,273.
Official website here: www.growthfactory.us
Who are the executives of Growth Factory Inc and what are their salaries?
The average compensation at Growth Factory Inc during 2022 was $30,452. There are 5 employees at Growth Factory Inc.
Here are 3 key members and their salaries:
- Compensation: $125,308
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.growthfactory.us
Where can I find the form 990 for Growth Factory Inc?
Growth Factory Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.growthfactory.us
Learn more at the official website: www.growthfactory.us
Mission Statement of Growth Factory Inc
Growth Factory Inc, a nonprofit organization, is committed to supporting early-stage entrepreneurs from Northern California. Its mission is to provide these entrepreneurs with essential resources to foster the growth and success of their companies. Specifically, the nonprofit offers access to capital, capacity building programs, and a community of expert resources. By doing so, Growth Factory Inc aims to equip entrepreneurs with the necessary tools to navigate the complexities of the startup world and increase their chances of success.
In 2022, Growth Factory Inc expanded its offerings to serve a broader range of entrepreneurs and contribute to the development of the regional entrepreneurial ecosystem and entrepreneurial talent. The nonprofit launched the Roseville Venture Lab, a program and events space providing free coworking for the public, which saw approximately 1,500 visits between September and December. Additionally, Growth Factory Inc introduced Roseville Rising, a 6-week bootcamp and pitch event supporting an additional 15 companies and their teams. Furthermore, the nonprofit served as an Entrepreneur in Residence at Sierra College, working with faculty to instill an entrepreneurial mindset, skillset, and toolset across the campus.
In sum, Growth Factory Inc's mission is to empower early-stage entrepreneurs in Northern California by providing them with the resources necessary to grow their companies. Through programs like the core accelerator program, workshops, mentorship, and events, the nonprofit equips entrepreneurs with the skills, capital, and community support required for success. Growth Factory Inc also contributes to the development of the regional entrepreneurial ecosystem, helping to foster the growth of entrepreneurial talent and the overall startup scene.
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Impact
October, 2024
Growth Factory Inc has a significant impact on early-stage entrepreneurs in Northern California by empowering them with critical resources essential for business growth and success. The organization offers access to capital, robust capacity-building programs, and a supportive community of expert mentors. Through its yearlong Growth Factory Accelerator program, entrepreneurs engage in workshops and mentorship that focus on vital areas such as customer discovery, product-market fit, and fundraising strategies.
By facilitating these learning opportunities, Growth Factory fosters an environment where innovation can thrive, enabling entrepreneurs to develop effective strategies, build necessary assets, and expand their professional networks. This comprehensive support structure not only helps individual businesses succeed but also contributes to the broader economic development of the region, strengthening the entrepreneurial ecosystem in Rocklin and beyond. Ultimately, Growth Factory Inc plays a crucial role in nurturing talent and driving community improvement through entrepreneurship.
This information is meant to be a general summary of Growth Factory 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.
- Program Service Revenue: $109,410
- Gross Receipts: $431,273
Assets and Liabilities:
- Total Assets: $86,921
- Total Liabilities: $19,269
- Net Assets: $67,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GFX CONFERENCE
Revenue
$109,410
Organization Details
Phone
(925) 323-9351Principal Officer
Monique Brown
Main Address
4465 GRANITE DRIVE SUITE 700, ROCKLIN, CA, 95677
Website
www.growthfactory.usNTEE Category
Code: S43 - Community improvement
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