Overview
What is Catalyst Space?
Catalyst Space is a nonprofit organization located in Altoona, Pennsylvania, with a specific focus on bridging the gap between local businesses, education, and young entrepreneurs in terms of technological resources. Recognizing the shared challenge of limited access to such resources, Catalyst Space partners with these entities to identify their needs and opportunities for collaboration. By establishing a physical location, they acquire and make these resources available to everyone, fostering an environment that encourages innovation and growth.
Official website here: www.catalystspace.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating. This rating indicates that while Catalyst Space demonstrates some strong financial practices, there are significant areas in need of improvement, particularly regarding governance and compliance policies.
The organization excels in maintaining an independent board and demonstrates accountability with a high program expense ratio, indicating that a substantial portion of its funds directly support charitable activities. However, the lack of conflict of interest and whistleblower policies raises concerns about transparency and governance practices, which are critical for maintaining stakeholder trust.
While the charity effectively manages its resources, the absence of key policies points to a need for better oversight and risk management strategies. Improving these areas could enhance the overall effectiveness and credibility of Catalyst Space within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Catalyst Space legitimate?
Catalyst Space is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Space 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: $0
For more financial information, click here
Official website here: www.catalystspace.org/
What is the mission statement of Catalyst Space?
Catalyst Space collaborates with local businesses and educational resources to identify their needs and opportunities. The organization recognizes a common challenge among education, small businesses, and young entrepreneurs: limited access to technological resources. To address this issue, Catalyst Space constructs a physical facility, procures necessary technological resources, and makes them accessible to everyone. By doing so, the organization aims to foster partnerships and enhance the resources available to these groups.
Official website here: www.catalystspace.org/
Who is the CEO of Catalyst Space?
Justin Merrell is the Board Chair of Catalyst Space.
Official website here: www.catalystspace.org/
What is the revenue of Catalyst Space?
Catalyst Space's revenue in 2021 was $24,086.
Official website here: www.catalystspace.org/
Who are the executives of Catalyst Space and what are their salaries?
Here are 4 key members and their salaries:
- 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.catalystspace.org/
Where can I find the form 990 for Catalyst Space?
Catalyst Space's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.catalystspace.org/
Learn more at the official website: www.catalystspace.org/
Mission Statement of Catalyst Space
Catalyst Space, as a nonprofit organization, collaborates with local businesses and educational resources to identify their needs and potential opportunities for collaboration. The primary commonality between education, small businesses, and young entrepreneurs is a lack of access to technological resources. In response to this, Catalyst Space constructs a physical location, procures the necessary resources, and makes them accessible to everyone. By doing so, it bridges the gap in technological resources, thereby fostering growth and development within these sectors.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Catalyst Space is making a significant impact by addressing the common challenge of limited access to technological resources faced by education, small businesses, and young entrepreneurs. By partnering with local businesses and educational resources in Altoona, PA, Catalyst Space is able to identify needs and opportunities for collaboration to enhance essential resources. The organization goes beyond just recognizing these needs by establishing a physical location, acquiring technological resources, and making them accessible to everyone. Through this initiative, Catalyst Space is not only bridging the gap in technological resources but also fostering community improvement and innovation.
This information is meant to be a general summary of Catalyst Space. 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 2021.
- Program Service Revenue: $4,442
- Gross Receipts: $24,086
Assets and Liabilities:
- Total Assets: $39,597
- Total Liabilities: $41,006
- Net Assets: -$1,409
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USAGE
Revenue
$4,442
Organization Details
Founding Year
2016
Phone
(814) 201-2196Principal Officer
Justin Merrell
Main Address
1331 12TH AVE 205, ALTOONA, PA, 16601
Website
www.catalystspace.org/NTEE Category
Code: S30 - Community improvement
If you are a representative of Catalyst Space and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.