Overview
What is Business Invest In Growth Inc?
Business Invest in Growth Inc., referred to as BiGAUSTIN, is a nonprofit organization located in Austin, Texas. Their primary mission is to assist individuals seeking business ownership or expansion, who may face barriers due to factors such as poverty, minority or gender status. By providing comprehensive education, tailored business counseling, and flexible loans, BiGAUSTIN empowers entrepreneurs to access markets, improve financial literacy, and enhance their management skills, ultimately aiding in their business growth. The organization, with a team of six employees, operates from 8000 Centre Park Dr, Austin, TX 78754.
Official website here: www.bigaustin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Business Invest In Growth Inc has a solid rating of 78%, indicating that it meets a satisfactory level of accountability and financial performance. The organization boasts a fully independent board with strong governance practices, including a high score in financial oversight and policies designed to prevent conflicts of interest. However, the absence of a whistleblower policy and the failure to post its tax form on its website are noted as areas needing improvement.
The charity exhibits a robust program expense ratio of 72.20%, which suggests that a significant portion of its budget is allocated directly to its programs. Nonetheless, the liabilities to assets ratio of 68.04% raises some concerns about financial stability, as it may indicate a higher level of financial risk. These factors together reflect a balanced, though not without risks, operational model.
Overall, while Business Invest In Growth Inc demonstrates strong governance and a commitment to programmatic spending, addressing its policy gaps and improving financial metrics could enhance its reputation and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Business Invest In Growth Inc legitimate?
Business Invest In Growth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Invest In Growth 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: $131,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,281
For more financial information, click here
Official website here: www.bigaustin.org
What is the mission statement of Business Invest In Growth Inc?
Business Invest In Growth Inc, often referred to as BIGAUSTIN, aims to aid small businesses in achieving successful growth. They accomplish this by offering comprehensive education, tailored business counseling, and flexible loan options. The organization targets individuals with limited or non-existent access to credit and high-quality business training due to factors like poverty, minority or gender status, or other barriers to business opportunities. Through these services, entrepreneurs gain access to markets, financial literacy, management skills, and increased funding opportunities.
Official website here: www.bigaustin.org
Who is the CEO of Business Invest In Growth Inc?
Stacy D Rhone is the Director of Business Invest In Growth Inc.
Official website here: www.bigaustin.org
What is the revenue of Business Invest In Growth Inc?
Business Invest In Growth Inc's revenue in 2022 was $883,158.
Official website here: www.bigaustin.org
Who are the executives of Business Invest In Growth Inc and what are their salaries?
The average compensation at Business Invest In Growth Inc during 2022 was $46,307. There are 6 employees and 10 volunteers at Business Invest In Growth Inc.
Here are 10 key members and their salaries:
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Official website here: www.bigaustin.org
Where can I find the form 990 for Business Invest In Growth Inc?
Business Invest In Growth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigaustin.org
Learn more at the official website: www.bigaustin.org
Mission Statement of Business Invest In Growth Inc
Business Invest In Growth Inc, often referred to as BIGAUSTIN, is committed to aiding small businesses in their growth journey. The organization accomplishes this by offering comprehensive education, tailored business counseling, and flexible loans. BIGAUSTIN targets individuals who are interested in business ownership or expansion but face barriers such as limited access to credit, lack of high-quality business training, or obstacles stemming from poverty, minority or gender status. Through BIGAUSTIN's services, entrepreneurs gain access to vital markets, financial literacy, improved management skills, and increased funding opportunities. By providing these resources, BIGAUSTIN empowers entrepreneurs to overcome the challenges they face and grow their businesses successfully.
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Impact
July, 2024
Business Invest in Growth Inc, or BIGAUSTIN, plays a pivotal role in supporting the growth and success of small businesses in Austin, Texas. By providing comprehensive education, tailored business counseling, and flexible loans, this organization empowers individuals with limited access to credit or quality business training to pursue their entrepreneurial dreams.
Through its services, BIGAUSTIN helps entrepreneurs gain access to markets, enhance their financial literacy, improve their management skills, and increase their access to funding. By breaking down barriers to business opportunity, particularly for those facing poverty, minority status, or gender-related challenges, BIGAUSTIN contributes to economic empowerment and community development in Austin.
In essence, Business Invest in Growth Inc's impact lies in fostering a supportive ecosystem for small business owners, enabling them to thrive and contribute to the local economy.
This information is meant to be a general summary of Business Invest In Growth 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.
- Gross Receipts: $883,158
Assets and Liabilities:
- Total Assets: $152,112
- Total Liabilities: $259,290
- Net Assets: -$107,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROLOAN INTEREST
Organization Details
Founding Year
1995
Phone
(512) 928-8010Principal Officer
Stacy D Rhone
Main Address
8000 CENTRE PARK DR, AUSTIN, TX, 78754
Website
www.bigaustin.orgNTEE Category
Code: B90 - Education
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