Overview
What is Start Garden Inc?
Start Garden Inc, situated in Grand Rapids, Michigan, serves as a catalyst for fostering an entrepreneurial spirit. By offering physical infrastructure for business incubation, they aid in the development of entrepreneurs' intellectual capital. Through events and programs, they expand their social network within the business community, further bolstering their capacities. Additionally, Start Garden provides its members with access to relationships, education, mentorships, and financial resources. In 2022, the organization supported over 50 members in their ventures, embodying a mission to bring together financial, intellectual, and social capital to empower the burgeoning startup ecosystem of West Michigan.
Official website here: www.startgarden.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Start Garden Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The organization scored 96% overall, with the evaluation based entirely on its Accountability & Finance score. Such a high rating indicates a commitment to transparency and ethical practices, which are crucial for donor trust.
Key strengths of Start Garden Inc include its independent board composition, with 85% of its board members being independent. Additionally, the organization excels in financial management, evidenced by a perfect score in its financial statements audit and a low liabilities-to-assets ratio of 37.97%. The program expense ratio of 80.76% demonstrates a significant commitment to utilizing resources for its intended charitable purposes.
While the data highlights Start Garden Inc's strong governance and financial health, readers should consider that this evaluation primarily focuses on financial metrics. There may be other qualitative factors or programmatic impacts that are not captured in this financial-centric assessment. Nonetheless, the organization’s practices show a robust foundation for sustaining its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Start Garden Inc legitimate?
Start Garden Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Start Garden 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,941
For more financial information, click here
Official website here: www.startgarden.com
What is the mission statement of Start Garden Inc?
Start Garden Inc's mission is centered around assembling financial, intellectual, and social resources for entrepreneurs. The primary goal is to foster and strengthen the startup ecosystem in a specific region, promoting an entrepreneurial culture. Start Garden provides physical infrastructure for new businesses, builds entrepreneurs' intellectual capital, expands their social networks within the business community, and supports other organizations that empower entrepreneurs. By offering physical space, technology, relationships, education, mentorship, and financial resources, Start Garden aims to empower its member entrepreneurs, serving over 50 of them in 2022.
Official website here: www.startgarden.com
What is the revenue of Start Garden Inc?
Start Garden Inc's revenue in 2023 was $1,291,217.
Official website here: www.startgarden.com
Who are the executives of Start Garden Inc and what are their salaries?
The average compensation at Start Garden Inc during 2023 was $79,394. There are 10 employees and 10 volunteers at Start Garden Inc.
Here are 12 key members and their salaries:
- Compensation: $130,412
- Related: $0
- Other: $21,537
- Compensation: $108,681
- Related: $0
- Other: $18,445
- Compensation: $107,588
- Related: $0
- Other: $16,431
- Compensation: $98,885
- Related: $0
- Other: $20,359
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.startgarden.com
Where can I find the form 990 for Start Garden Inc?
Start Garden Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.startgarden.com
Learn more at the official website: www.startgarden.com
Mission Statement of Start Garden Inc
Start Garden Inc, with its mission at heart, aims to unite financial, intellectual, and social resources to empower the burgeoning startup ecosystem in West Michigan. The organization's objective is to foster a culture of entrepreneurship within the region and invest in this culture. Start Garden accomplishes this by providing physical infrastructure for new business incubation, services to enhance an entrepreneur's intellectual capital, and events and programs to expand their social network within the business community. Through these efforts, the organization seeks to build the capacity of other organizations that support entrepreneurs and streamline their participation in the broader system. By offering its members both physical space and technology, as well as access to relationships, education, mentorship, and financial resources, Start Garden plays a crucial role in nurturing the growth of new businesses in West Michigan. In 2022, Start Garden served over 50 members, demonstrating its commitment to supporting the entrepreneurial community in the region.
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Impact
July, 2024
The impact of Start Garden Inc is evident in its focus on bringing together financial, intellectual, and social capital to empower the startup ecosystem of West Michigan. By establishing a culture of entrepreneurship and investing in it, Start Garden is not only providing physical infrastructure for new business incubation, but also offering services to enhance entrepreneurs' intellectual capital, expand their social networks, and build relationships within the business community. Through events, mentorships, and access to financial resources, Start Garden is creating a supportive environment for entrepreneurs to thrive. With over 50 members served in 2022, Start Garden is actively contributing to the growth and development of the local startup community in Grand Rapids, Michigan, and making a significant impact on community improvement.
This information is meant to be a general summary of Start Garden 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 2023.
- Investment Income: $1,405
- Program Service Revenue: $1,027,157
- Gross Receipts: $1,291,217
Assets and Liabilities:
- Total Assets: $2,309,768
- Total Liabilities: $877,286
- Net Assets: $1,432,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
User program fees
Revenue
$195,782
Local Development Finan
Revenue
$831,375
Organization Details
Founding Year
2016
Principal Officer
Darel Ross
Website
www.startgarden.comNTEE Category
Code: S30 - Community improvement
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