Overview
What is Startup Champions Network Inc?
Startup Champions Network Inc is a nonprofit organization situated in Gig Harbor, Washington, with a mission to empower builders of entrepreneurial ecosystems. By providing connections, resources, and professional development opportunities, they aim to foster thriving and inclusive communities. Their activities include hosting summits, such as the one in Des Moines, Iowa, where members share and learn resources. They also launched the Ecosystem Health Challenge, which helps establish effective metrics in local markets. Furthermore, they offer periodic webinars and maintain an active online community for knowledge sharing.
Official website here: www.startupchampions.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Startup Champions Network Inc has received a low rating from Charity Navigator, indicating concerns around its accountability and finance practices. The organization scored 58% overall, with a focus solely on the Accountability & Finance beacon. While it has strengths in having an independent board with full membership and structure, there are significant gaps, particularly in its policies for whistleblowing and document retention.
The independent board of directors appears robust, with the organization scoring full points for board size and independence. Additionally, there are no reported material diversions of assets, and they maintain transparency by listing their website on tax forms. However, the absence of a whistleblower policy and document retention guidelines raises red flags about governance practices, which could affect stakeholder trust.
Financially, the program expense ratio is concerning at 50.25%, suggesting that only half of the funds are directed toward programs. This ratio, coupled with the missing policies, contributes to the overall low rating, emphasizing the need for the organization to improve its financial management practices and governance policies to enhance its effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Startup Champions Network Inc legitimate?
Startup Champions Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Startup Champions Network 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.
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Official website here: www.startupchampions.co
What is the mission statement of Startup Champions Network Inc?
The mission of Startup Champions Network Inc is to support individuals who build entrepreneurial ecosystems by providing them with essential connections, resources, and professional development opportunities. This aim is to foster thriving and inclusive communities. They accomplish this through hosting summits, offering learning programs like the "Ecosystem Health Challenge" to develop effective metrics in local markets, and providing periodic webinars and an active online community for knowledge sharing.
Official website here: www.startupchampions.co
Who is the CEO of Startup Champions Network Inc?
Mark Lawrence is the Past President of Startup Champions Network Inc.
Official website here: www.startupchampions.co
What is the revenue of Startup Champions Network Inc?
Startup Champions Network Inc's revenue in 2022 was $167,341.
Official website here: www.startupchampions.co
Who are the executives of Startup Champions Network Inc and what are their salaries?
There 8 volunteers at Startup Champions Network Inc.
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Official website here: www.startupchampions.co
Where can I find the form 990 for Startup Champions Network Inc?
Startup Champions Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.startupchampions.co
Learn more at the official website: www.startupchampions.co
Mission Statement of Startup Champions Network Inc
Startup Champions Network, an organization dedicated to its mission, aims to provide the builders of entrepreneurial ecosystems with the necessary connections, resources, and professional development required to cultivate thriving and inclusive communities. By offering a variety of resources, this nonprofit seeks to empower these individuals, enabling them to establish and nurture thriving entrepreneurial environments.
Startup Champions Network's mission is centered around fostering connections, supplying resources, and promoting professional development among those responsible for building entrepreneurial ecosystems. Through hosting events and programs, the organization provides a platform for members to learn, share resources, and network. One such event was a summit hosted in Des Moines, Iowa, where members gathered to engage in learning and resource-sharing activities.
Beyond hosting events, Startup Champions Network also offers programs designed to help builders of entrepreneurial ecosystems develop effective metrics for local markets. For instance, they hosted the "Ecosystem Health Challenge," a learning program that equipped participants with the tools necessary to establish meaningful metrics in their respective communities. Additionally, the nonprofit offers periodic webinars and maintains an active online community, providing a platform for members to share knowledge and insights.
In summary, Startup Champions Network's mission is to provide the necessary connections, resources, and professional development opportunities for individuals responsible for building entrepreneurial ecosystems. By hosting events, offering learning programs, and maintaining an active online community, this nonprofit aims to empower these individuals, enabling them to cultivate thriving and inclusive communities.
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Impact
October, 2024
Startup Champions Network Inc actively strengthens entrepreneurial ecosystems by equipping builders with vital connections, resources, and professional development. By hosting summits, such as the recent event in Des Moines, IA, they facilitate invaluable opportunities for members to share insights and strategies. The organization also initiated the "Ecosystem Health Challenge," focusing on developing effective metrics to enhance local markets.
Their commitment to ongoing education is evident through regular webinars and an engaged online community, fostering a culture of knowledge sharing. This collaborative approach not only enhances the skills of those involved but also contributes to the creation of thriving and inclusive communities, ultimately driving economic growth and resilience in various regions.
This information is meant to be a general summary of Startup Champions Network 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: $62,841
- Gross Receipts: $167,341
Assets and Liabilities:
- Total Assets: $171,845
- Total Liabilities: $34,428
- Net Assets: $137,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REGISTRATIONS
Revenue
$30,896
PROGRAM REVENUE
Revenue
$15,000
MEMBERSHIP DUES
Revenue
$11,945
EVENT SPONSORSHIPS
Revenue
$5,000
Organization Details
Founding Year
2016
Principal Officer
Mark Lawrence
Main Address
CO 5727 BAKER WAY NW 200, GIG HARBOR, WA, 98332
Website
www.startupchampions.coNTEE Category
Code: S31 - Community improvement
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