Overview
What is Cleveland Bradley Business Incubator?
The Cleveland Bradley Business Incubator serves as a supportive hub for budding businesses, offering a range of essential services at reduced rates. Its primary function is to provide resources such as copying and fax facilities, conduct meetings, and advertise for prospective tenants. The incubator also manages bills for telephone services, internet access, fax lines, long-distance calls, and equipment repair at lower-than-market prices for its 45 tenant businesses. In essence, it acts as an affordable and comprehensive solution for startup companies in need of essential business infrastructure.
Official website here: www.cbbi.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating. The Cleveland Bradley Business Incubator has received a low score primarily due to its accountability and finance practices, reflecting a significant need for improvement in certain governance areas. While it boasts a strong board composition with 92% independent members, the absence of key policies such as conflict of interest and whistleblower protections has negatively impacted its overall rating.
Despite its low rating, user feedback highlights the positive impact the Incubator has had on local entrepreneurs. One client review praised the organization for providing essential support services to new businesses, which can help mitigate risks associated with startup ventures. The flexible leases and advisory council mentioned in the review indicate a commitment to fostering local economic development.
However, the organization's financial practices, particularly its program expense ratio, suggests that more resources could be directed toward its programs. The lack of transparency through missing documents on its website further underscores the need for better governance and accountability measures to enhance its credibility and effectiveness within the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cleveland Bradley Business Incubator legitimate?
Cleveland Bradley Business Incubator is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Bradley Business Incubator 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cbbi.net
What is the mission statement of Cleveland Bradley Business Incubator?
The Cleveland Bradley Business Incubator serves as a hub for nurturing start-up businesses. Its mission is to offer a range of essential services and supplies at affordable rates, including facilities such as copying and fax machines. The incubator actively seeks out potential tenants, hosts meetings, and manages bills for utilities like telephone services, internet access, fax lines, long-distance calls, and equipment repair, all at reduced rates. This supportive environment aims to help its 45 tenants establish and grow their businesses effectively.
Official website here: www.cbbi.net
Who is the CEO of Cleveland Bradley Business Incubator?
Hurley Buff Director is the Director of Cleveland Bradley Business Incubator.
Official website here: www.cbbi.net
What is the revenue of Cleveland Bradley Business Incubator?
Cleveland Bradley Business Incubator's revenue in 2023 was $163,445.
Official website here: www.cbbi.net
Who are the executives of Cleveland Bradley Business Incubator and what are their salaries?
There is 1 employee at Cleveland Bradley Business Incubator.
There is 1 key member and their salary:
- Compensation: $59,642
- Related: $0
- Other: $0
Official website here: www.cbbi.net
Where can I find the form 990 for Cleveland Bradley Business Incubator?
Cleveland Bradley Business Incubator's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cbbi.net
Learn more at the official website: www.cbbi.net
Mission Statement of Cleveland Bradley Business Incubator
Cleveland Bradley Business Incubator serves as a hub for nurturing start-up businesses. Its mission is to offer a array of essential services and supplies that fledgling companies may require, such as copying, faxing, and more. Acting as a supportive environment, the incubator conducts meetings and actively seeks potential tenants. Furthermore, Cleveland Bradley Business Incubator manages bills for various services, including telephone services, internet access, fax lines, long distance calls, equipment repair, and expenses, all at rates below the market average for its 45 tenants. In essence, the incubator plays a vital role in providing the necessary infrastructure and resources to support the growth of fledgling businesses.
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Impact
October, 2024
Cleveland Bradley Business Incubator significantly impacts the local economy by providing essential support services to start-up businesses in Cleveland, Tennessee. By offering resources like copying, fax services, internet access, and equipment repair at below-market rates, it eases the financial burden on its 45 tenants, allowing them to focus on growth and innovation. The incubator also facilitates networking and collaboration through meetings and advertising opportunities, helping new businesses establish a presence in the community. This supportive environment not only fosters entrepreneurship but also contributes to the overall economic development of the region, promoting community improvement and resilience.
This information is meant to be a general summary of Cleveland Bradley Business Incubator. 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: $26
- Program Service Revenue: $163,385
- Gross Receipts: $163,445
Assets and Liabilities:
- Total Assets: $302,164
- Total Liabilities: $115,139
- Net Assets: $187,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPACE RENTAL
Revenue
$147,832
COLLECTION INCOME
Revenue
$90
PHONE INCOME
Revenue
$281
UTILITY INCOME
Revenue
$15,176
MISCELLANEOUS INCOME
Revenue
$6
Organization Details
Founding Year
2000
Principal Officer
Hurley Buff Director
Main Address
3505 ADKISSON DR STE 102, CLEVELAND, TN, 373126806
Website
www.cbbi.netNTEE Category
Code: S32 - Community improvement
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