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Selma Idea Factory Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814686090 ✦ Selma, AL ✦ Designated as a 501(c)(3)

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Overview

What is Selma Idea Factory Inc?

Selma Idea Factory Inc is a nonprofit organization established with the mission to revitalize Selma's entrepreneurial landscape. Their primary objective is to cultivate problem-solvers who create innovative startups and invest in their community. Through various programs, this organization nurtures individuals, transforming them into skilled startup builders and community investors. By doing so, Selma Idea Factory Inc aims to stimulate economic growth and foster a thriving entrepreneurial environment within Selma.


Official website here: www.selmaideafactory.org

Is Selma Idea Factory Inc legitimate?

Selma Idea Factory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selma Idea Factory Inc submitted a form 990EZ, 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.


Official website here: www.selmaideafactory.org

What is the mission statement of Selma Idea Factory Inc?

Selma Idea Factory Inc's mission is centered around revitalizing the entrepreneurial landscape. By focusing on developing problem-solvers, the organization encourages individuals to establish startups and invest in their community. Through various programs, Selma Idea Factory Inc nurtures skilled startup creators and community investors, aiming to strengthen the entrepreneurial spirit and stimulate economic growth.


Official website here: www.selmaideafactory.org

Who is the CEO of Selma Idea Factory Inc?

Unavailable


Official website here: www.selmaideafactory.org

What is the revenue of Selma Idea Factory Inc?

Selma Idea Factory Inc's revenue in 2022 was $330.


Official website here: www.selmaideafactory.org

Who are the executives of Selma Idea Factory Inc and what are their salaries?


Here are 3 key members and their salaries:


Russell Ralston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mel Gilmer (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Moore (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.selmaideafactory.org

Where can I find the form 990EZ for Selma Idea Factory Inc?

Selma Idea Factory Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.selmaideafactory.org

Learn more at the official website: www.selmaideafactory.org

Mission Statement of Selma Idea Factory Inc

Selma Idea Factory, a nonprofit organization, is dedicated to revitalizing the entrepreneurial spirit in Selma. Their mission is to cultivate problem solvers who not only establish successful startups but also invest in their community. Through their programs, Selma Idea Factory empowers individuals to become skilled entrepreneurs and community investors, thereby contributing to the overall development and growth of the community.

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Impact




October, 2024

Selma Idea Factory Inc has a transformative impact on the entrepreneurial landscape of Selma, Alabama. By focusing on the development of problem solvers, the organization empowers individuals to create startups that not only drive economic growth but also foster community investment.

Through its various programs, Selma Idea Factory cultivates a new generation of startup builders equipped with the skills necessary to navigate the complexities of entrepreneurship. This nurturing environment encourages creativity and innovation, allowing participants to identify and solve pressing local challenges. As these individuals launch their ventures, they stimulate the local economy, create jobs, and enhance the overall quality of life in the region.

Furthermore, Selma Idea Factory emphasizes community investment, encouraging entrepreneurs to reinvest in their neighborhoods. This approach not only strengthens the local economy but also fosters a sense of ownership and pride among community members. By rebuilding the entrepreneurial spirit in Selma, the organization plays a pivotal role in revitalizing the area and creating a sustainable future that benefits all residents.




This information is meant to be a general summary of Selma Idea Factory 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.

Revenue
$330 (2022)
Expenses
$25 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Gross Receipts: $330

Assets and Liabilities:

  • Total Assets: $4,605
  • Total Liabilities: $0
  • Net Assets: $4,605

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Organization Details

Main Address

617 Broad Street, Selma, AL, 36701

NTEE Category

Code: S43 - Community improvement

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