Overview
What is The Beta Group?
The Beta Group is a Minneapolis, Minnesota-based nonprofit organization, specifically located at 4405 Bryant Avenue South, 55419. With a modest workforce of four individuals, their primary mission is to boost the success of Minnesota's technology startup founders. This is achieved through various educational events during Twin Cities Startup Week, an annual conference they organize. Their overarching goal is to accelerate the growth of local startups, contributing positively to the entrepreneurial ecosystem in the region.
Official website here: www.beta.mn
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Beta Group has achieved an 83% score from Charity Navigator, which reflects a strong commitment to accountability and finance. This rating is based solely on the Accountability & Finance beacon, and the organization has demonstrated robust practices in these areas, including a fully independent board and compliance with various operational policies.
Strengths identified in the evaluation include a high percentage of independent board members, a complete absence of material diversion of assets, and effective financial management evidenced by a low liabilities to assets ratio. Furthermore, the organization has transparent policies in place for conflict of interest, whistleblowing, and document retention, all of which contribute to its credibility and operational integrity.
Despite its strong performance, it's important to consider that the rating is solely based on financial accountability, and information on program effectiveness or impact is not included in this score. As such, while The Beta Group demonstrates strong governance and financial responsibility, potential donors may want to seek further information about its programmatic outcomes and overall mission impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Beta Group legitimate?
The Beta Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Beta 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,260
For more financial information, click here
Official website here: www.beta.mn
What is the mission statement of The Beta Group?
The Beta Group's mission is centered around accelerating the success of entrepreneurs from technology startups based in Minnesota. This organization strives to achieve this objective by providing a supportive environment and resources. One of their notable initiatives is Twin Cities Startup Week, a week-long conference that offers various educational events for startups. This event aims to foster growth and development in the startup community by providing valuable insights and networking opportunities. Overall, The Beta Group's mission is to empower Minnesota's tech entrepreneurs, contributing to the growth and innovation of the local startup ecosystem.
Official website here: www.beta.mn
What is the revenue of The Beta Group?
The Beta Group's revenue in 2023 was $563,133.
Official website here: www.beta.mn
Who are the executives of The Beta Group and what are their salaries?
The average compensation at The Beta Group during 2023 was $54,130. There are 2 employees and 25 volunteers at The Beta Group.
Here are 9 key members and their salaries:
- Compensation: $70,329
- Related: $0
- Other: $4,313
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.beta.mn
Where can I find the form 990 for The Beta Group?
The Beta Group's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.beta.mn
Learn more at the official website: www.beta.mn
Mission Statement of The Beta Group
The Beta Group, a nonprofit organization, is dedicated to advancing the success of founders associated with technology startups based in Minnesota. Their mission is to provide a supportive environment and facilitate the growth of these entrepreneurs, aiming to see them thrive in their ventures. This is achieved through various educational events during Twin Cities Startup Week, a week-long conference organized by The Beta Group. The events focus on equipping these founders with the necessary skills and knowledge to navigate the complex world of startup development, ultimately boosting their chances of achieving long-term success.
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Impact
July, 2024
The Beta Group's impact lies in accelerating the success of Minnesota founders through initiatives like Twin Cities Startup Week, a week-long conference focused on startup education events. By providing resources, networking opportunities, and educational support, The Beta Group plays a vital role in fostering growth within the Minnesota-based technology startup ecosystem. Through their dedication to supporting founders, The Beta Group contributes to the overall improvement of the startup community in Minneapolis and beyond.
This information is meant to be a general summary of The Beta 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 2023.
- Program Service Revenue: $46,690
- Gross Receipts: $563,133
Assets and Liabilities:
- Total Assets: $180,516
- Total Liabilities: $2,709
- Net Assets: $177,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Speaker Fees
Revenue
$1,500
Ticket Revenue
Revenue
$43,190
Rental Income
Revenue
$2,000
Organization Details
Founding Year
2016
Principal Officer
Cihan Behlivan
Website
www.beta.mnNTEE Category
Code: S43 - Community improvement
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