Overview
What is Russell Innovation Center For Entrepreneurs Inc?
Russell Innovation Center for Entrepreneurs Inc., established in 2019, is a dynamic nonprofit organization situated in Atlanta, Georgia. This 40,000 square foot facility, located in the historic Castleberry Hill community, serves as a collaborative co-working ecosystem for both aspiring and experienced entrepreneurs. The center offers a tailored curriculum and corporate experience, aiming to foster and cultivate relationships between entrepreneurs and potential investors. Its mission is to empower innovators by providing a platform for creation, invention, and learning, motivating them to develop groundbreaking ideas that promote economic growth. The organization currently employs 22 individuals.
Official website here: www.russellcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Russell Innovation Center For Entrepreneurs Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With a score of 93% in this category, the organization demonstrates effective governance, highlighted by its fully independent board and robust financial oversight mechanisms. However, it lacks a whistleblower policy, which detracts slightly from its overall governance practices.
In terms of financial health, the center shows a solid program expense ratio of 66.53%, indicating that a substantial portion of its expenditures is directed towards its core programs. The organization exhibits strong fundraising efficiency, with low costs per dollar raised, and a favorable liability to assets ratio. This financial structure suggests that the nonprofit is well-positioned to sustain its operations and impact.
Additionally, the organization excels in culture and community, achieving a perfect score of 100%. It actively collects and utilizes feedback, which indicates a responsive approach to stakeholder engagement and improvement. Overall, the Russell Innovation Center For Entrepreneurs Inc represents a well-managed entity with a clear commitment to its mission, although it could benefit from enhancing its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Russell Innovation Center For Entrepreneurs Inc legitimate?
Russell Innovation Center For Entrepreneurs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Russell Innovation Center For Entrepreneurs 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: $367,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $815,101
For more financial information, click here
Official website here: www.russellcenter.org
What is the mission statement of Russell Innovation Center For Entrepreneurs Inc?
The Russell Innovation Center for Entrepreneurs Inc is dedicated to empowering innovators and entrepreneurs. Their mission is to motivate and engage individuals in creating, inventing, and learning, with the aim of fostering the development of game-changing ideas that contribute to economic empowerment. The center provides a customized curriculum and corporate experience, serving as a collaborative co-working ecosystem for both aspiring and experienced entrepreneurs. It strives to facilitate relationships between capital sources and talented entrepreneurs in Atlanta.
Official website here: www.russellcenter.org
Who is the CEO of Russell Innovation Center For Entrepreneurs Inc?
James Bailey is the President & Ceo of Russell Innovation Center For Entrepreneurs Inc. The CEO's salary of Russell Innovation Center For Entrepreneurs Inc is $197,200 and their total compensation is $197,200.
Official website here: www.russellcenter.org
What is the revenue of Russell Innovation Center For Entrepreneurs Inc?
Russell Innovation Center For Entrepreneurs Inc's revenue in 2022 was $3,437,415.
Official website here: www.russellcenter.org
Who are the executives of Russell Innovation Center For Entrepreneurs Inc and what are their salaries?
The average compensation at Russell Innovation Center For Entrepreneurs Inc during 2022 was $53,741. There are 22 employees at Russell Innovation Center For Entrepreneurs Inc.
Here are 10 key members and their salaries (Russell Innovation Center For Entrepreneurs Inc's CEO's salary is $197,200 and their total compensation is $197,200):
- Compensation: $197,200
- Related: $0
- Other: $0
- Compensation: $170,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.russellcenter.org
Where can I find the form 990 for Russell Innovation Center For Entrepreneurs Inc?
Russell Innovation Center For Entrepreneurs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.russellcenter.org
Learn more at the official website: www.russellcenter.org
Mission Statement of Russell Innovation Center For Entrepreneurs Inc
Russell Innovation Center for Entrepreneurs Inc, in its mission, aims to empower entrepreneurs and innovators by providing them with the resources and motivation necessary to create, invent, and learn. The center's primary goal is to promote economic empowerment by fostering an environment that nurtures the development of game-changing new ideas. This is achieved through a customized curriculum and corporate experience, which helps to forge meaningful relationships between capital sources and Atlanta's top entrepreneurial talent. The center serves as a collaborative co-working ecosystem, catering to both aspiring and experienced entrepreneurs, thereby fostering growth and development within this community.
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Impact
July, 2024
The Russell Innovation Center For Entrepreneurs Inc empowers entrepreneurs and innovators to create, invent, and learn while being engaged and motivated to develop game-changing new ideas to promote economic empowerment. The center provides a collaborative co-working ecosystem for both aspiring and experienced entrepreneurs, connecting them with a customized curriculum and corporate experience. By fostering and growing relationships between capital sources and Atlanta's top entrepreneurial talent, the center contributes to community improvement and economic growth in Atlanta, Georgia.
This information is meant to be a general summary of Russell Innovation Center For Entrepreneurs 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.
- Investment Income: $716
- Program Service Revenue: $1,029,875
- Gross Receipts: $3,437,415
Assets and Liabilities:
- Total Assets: $20,494,003
- Total Liabilities: $6,747,251
- Net Assets: $13,746,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENTAL
Revenue
$80,759
MEMBERSHIP REVENUES
Revenue
$178,744
ROOM AND EVENT RENTAL
Revenue
$54,813
SPONSORSHIPS
Revenue
$715,559
Organization Details
Founding Year
2015
Phone
(404) 572-6725Principal Officer
James Bailey
Main Address
504 FAIR STREET SW, ATLANTA, GA, 30313
Website
www.russellcenter.orgNTEE Category
Code: S40 - Community improvement
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