Overview
What is Holston Business Group?
Holston Business Group is a collaborative effort between the public and private sectors, situated in the Kingsport/Hawkins County area. Their primary mission is to foster and encourage entrepreneurship, leading to the establishment of various enterprises that contribute positively to the local community's citizens. They achieve this goal through their public/private partnership known as Holston Business Group. One of the ways they support this mission is by offering a Business Incubator program, designed to help fledgling businesses grow and thrive. This program provides a nurturing environment for businesses to develop, ultimately contributing to the creation of diverse job opportunities in the area.
Is Holston Business Group legitimate?
Holston Business Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holston Business Group 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.
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What is the mission statement of Holston Business Group?
The Holston Business Group, functioning as a public-private partnership, is committed to fostering and sustaining the entrepreneurial spirit. This initiative aims to establish a variety of businesses and generate employment opportunities that positively impact the local community. By nurturing budding entrepreneurs, the Holston Business Group contributes to the betterment of the greater Kingsport/Hawkins County area's citizens. The group operates a Business Incubator program, providing essential support to help businesses grow and thrive.
What is the revenue of Holston Business Group?
Holston Business Group's revenue in 2024 was $167,157.
Who are the executives of Holston Business Group and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Holston Business Group?
Holston Business Group's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Holston Business Group
The Holston Business Group, a notable public-private partnership, is dedicated to fostering and nurturing the entrepreneurial spirit within the community. Its mission is centered around creating a diverse range of businesses and generating employment opportunities that positively impact the citizens of the greater Kingsport/Hawkins County area. By leveraging its unique public/private partnership, Holston Business Group serves as a catalyst for economic growth and development, ultimately benefiting the local community as a whole.
To achieve its mission, Holston Business Group offers various support systems, one of which is its Business Incubator program. This program is specifically designed to help budding businesses grow and thrive, thereby contributing to the overall economic vigor of the community. By providing a nurturing environment and necessary resources, Holston Business Group empowers these businesses to develop and expand, creating more jobs and stimulating further economic growth. In this way, the Holston Business Group plays a vital role in promoting entrepreneurship and economic development within its community.
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Impact
October, 2024
Holston Business Group has a significant impact on the greater Kingsport and Hawkins County area by fostering entrepreneurship and supporting the establishment of diverse businesses. Through its initiatives, such as the Business Incubator program, it empowers aspiring entrepreneurs with the resources and guidance needed to launch and grow their enterprises. This support not only stimulates economic development but also creates jobs, enhancing the overall quality of life for residents in the community. By nurturing the entrepreneurial spirit, Holston Business Group contributes to a thriving local economy and fosters community improvement.
This information is meant to be a general summary of Holston Business Group. 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 2024.
- Investment Income: $16
- Program Service Revenue: $152,677
- Gross Receipts: $167,157
Assets and Liabilities:
- Total Assets: $525,692
- Total Liabilities: $15,656
- Net Assets: $510,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant affiliate rent
Revenue
$84,977
City of Kingsport
Revenue
$33,840
Hawkins County
Revenue
$30,700
Conference room rental
Revenue
$3,160
Organization Details
Founding Year
2001
Principal Officer
Liz Bennett
NTEE Category
Code: S31 - Community improvement
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