Overview
What is Nevada Battle Born Growth Escalator Inc?
Nevada Battle Born Growth Escalator Inc is a nonprofit organization based in Carson City, Nevada, with a mission to foster and boost economic development within the state. As authorized by Assembly Bill No. 17 of the 78th (2015) session, this organization administers resources to support small and medium-sized businesses in Nevada. This includes investments in companies like Outlaw Soaps Inc and Tu Biomics Inc. The nonprofit is allowed to engage in various lawful activities to promote and encourage economic development, as per Section 501 (C) (3) of the Internal Revenue Code and other applicable laws.
Official website here: www.nvsmallbiz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in accountability and finance, indicating a need for improvement in certain governance practices. While the organization has a solid program expense ratio of 80.41%, which suggests that a significant portion of its funds is directed toward its programs, concerns arise from the lack of independent board members and missing key policies such as a whistleblower and document retention policy.
Strengths of Nevada Battle Born Growth Escalator Inc include a perfect score in areas like material diversion of assets and financial oversight, indicating responsible financial management. The organization also shows transparency by listing its website on its tax form and maintaining a conflict of interest policy. However, the absence of independent board members raises questions about governance and oversight.
Limitations noted in the evaluation revolve around the organization's governance structure and policy completeness. The absence of independent board members may affect the board's effectiveness in safeguarding against conflicts of interest or ensuring diverse perspectives in decision-making. Additionally, missing important policies could hinder operational transparency and accountability, which are essential for building trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada Battle Born Growth Escalator Inc legitimate?
Nevada Battle Born Growth Escalator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Battle Born Growth Escalator 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nvsmallbiz.org
What is the mission statement of Nevada Battle Born Growth Escalator Inc?
Nevada Battle Born Growth Escalator Inc is committed to promoting, aiding, and encouraging economic development in the state of Nevada. This is done by administering resources to support small and medium-sized businesses in the state, as authorized by Assembly Bill No. 17 of the 78th (2015) session of the Nevada Legislature. The organization's activities are in line with Section 501 (C) (3) of the Internal Revenue Code of 1991, and it engages in other lawful activities that further its mission. The corporation's goal is to contribute to Nevada's economic growth by providing necessary support to local businesses.
Official website here: www.nvsmallbiz.org
What is the revenue of Nevada Battle Born Growth Escalator Inc?
Nevada Battle Born Growth Escalator Inc's revenue in 2024 was $8,728,549.
Official website here: www.nvsmallbiz.org
Who are the executives of Nevada Battle Born Growth Escalator Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.nvsmallbiz.org
Where can I find the form 990 for Nevada Battle Born Growth Escalator Inc?
Nevada Battle Born Growth Escalator Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nvsmallbiz.org
Learn more at the official website: www.nvsmallbiz.org
Mission Statement of Nevada Battle Born Growth Escalator Inc
Nevada Battle Born Growth Escalator Inc is dedicated to fostering economic growth within the state of Nevada. In line with this mission, the organization strives to promote, aid, and encourage economic development by administering resources available to support small and medium-sized businesses in the region. As authorized by Assembly Bill No. 17 of the 78th (2015) session of the Nevada Legislature, Nevada Battle Born Growth Escalator Inc plays a significant role in driving the economic vitality of the state, ultimately contributing to its overall prosperity.
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Impact
July, 2024
Nevada Battle Born Growth Escalator Inc's impact lies in actively promoting, aiding, and encouraging economic development in the state of Nevada. Through administering resources available to support small and medium-sized businesses, the organization plays a vital role in fostering growth and sustainability within the local business community. Its programs, including investments in Outlaw Soaps Inc and Tu Biomics Inc, demonstrate a commitment to providing opportunities for businesses to thrive and create employment opportunities in Nevada.
This information is meant to be a general summary of Nevada Battle Born Growth Escalator 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 2024.
- Investment Income: $116,301
- Gross Receipts: $8,828,549
Assets and Liabilities:
- Total Assets: $4,649,999
- Total Liabilities: $0
- Net Assets: $4,649,999
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Organization Details
Founding Year
2016
Principal Officer
Thomas Burns
Website
www.nvsmallbiz.orgNTEE Category
Code: J19 - Employment
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