Overview
What is Ferris Wheel Innovation Center?
The Ferris Wheel Innovation Center, also known as 100K Ideas, is a nonprofit organization situated in Flint, Michigan. Their primary mission is to foster interest in STEAM (Science, Technology, Engineering, Arts, and Mathematics) among students by offering experimental education and practical training. Their goal is to assist inventors, innovators, and entrepreneurs in bringing their products from concept to market, thereby promoting economic stability in Flint. As a supportive community of student professionals led by a dynamic leadership team, they vet entrepreneurial ideas and provide guidance in business development, regardless of an individual's prior experience or background. With a team of 33 employees, they aim to alleviate the entrepreneurial burden, recognizing that the journey can be challenging.
Official website here: www.100kideas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Ferris Wheel Innovation Center has achieved a commendable 85% rating from Charity Navigator, indicating strong accountability and financial health. With a perfect score for independent board members and an effective audit and oversight committee, the organization demonstrates a commitment to governance and transparency.
Significant strengths include a high program expense ratio of 77.54%, suggesting that a large portion of its funds is directed towards its programs rather than administrative costs. The organization also showcases robust policies, such as conflict of interest and whistleblower policies, which contribute to its overall credibility and effectiveness in operations.
While the organization appears to maintain a solid financial standing and a commitment to ethical practices, details about its specific programs and impacts on the community are less clear from the available data. Overall, the Ferris Wheel Innovation Center presents itself as a well-governed nonprofit focused on innovation and support, though further information on program outcomes would enhance understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ferris Wheel Innovation Center?
While the Ferris Wheel Innovation Center currently has only a couple of reviews on Facebook and hasn't received an overall rating yet, the sentiment expressed is quite positive. One commenter highlighted it as a "great place for innovation," emphasizing the presence of talented individuals within the center.
This suggests that the center is viewed as an encouraging environment for creativity and collaboration. Even with the limited number of reviews, the recommendation indicates that the community appreciates the resources and potential for innovation that the Ferris Wheel Innovation Center fosters.
This AI summary has been generated from reviews found on Facebook.
Is Ferris Wheel Innovation Center legitimate?
Ferris Wheel Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferris Wheel Innovation Center 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: $163,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,059
For more financial information, click here
Official website here: www.100kideas.org
What is the mission statement of Ferris Wheel Innovation Center?
The Ferris Wheel Innovation Center is a non-profit organization dedicated to alleviating the challenges faced by innovators and entrepreneurs. Recognizing the complexity of entrepreneurship, the center aims to offer support. Led by a dynamic leadership team, this community of student professionals vets entrepreneurial ideas, offering assistance in business development, regardless of an individual's prior experience or background. Their mission is to help ease the burden of entrepreneurship, fostering an environment that encourages innovation and growth.
Official website here: www.100kideas.org
Who is the CEO of Ferris Wheel Innovation Center?
Brandee Cooke-Brown is the Executive Di of Ferris Wheel Innovation Center.
Official website here: www.100kideas.org
What is the revenue of Ferris Wheel Innovation Center?
Ferris Wheel Innovation Center's revenue in 2022 was $660,956.
Official website here: www.100kideas.org
Who are the executives of Ferris Wheel Innovation Center and what are their salaries?
The average compensation at Ferris Wheel Innovation Center during 2022 was $14,155. There are 33 employees and 49 volunteers at Ferris Wheel Innovation Center.
Here are 8 key members and their salaries:
- Compensation: $86,157
- Related: $0
- Other: $0
- Compensation: $76,915
- 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.100kideas.org
Where can I find the form 990 for Ferris Wheel Innovation Center?
Ferris Wheel Innovation Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.100kideas.org
Learn more at the official website: www.100kideas.org
Mission Statement of Ferris Wheel Innovation Center
The Ferris Wheel Innovation Center is a non-profit organization committed to alleviating the challenges faced by innovators and entrepreneurs. Recognizing the complexities inherent in entrepreneurship, this community of student professionals and dedicated leaders aims to offer support. They vet and assess entrepreneurial ideas, providing a helping hand in the development of businesses, regardless of an individual's prior experience or background. The mission of the Ferris Wheel Innovation Center is to ease the burden of entrepreneurship, empowering innovators to bring their ideas to life.
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Impact
July, 2024
The Ferris Wheel Innovation Center's impact is seen in its mission to relieve the innovator of the entrepreneurial burden. By fostering interest in S.T.E.A.M (Science, Technology, Engineering, Arts, and Math) fields and providing practical training to students, the center is helping bring products from concept to market. This not only aids inventors, innovators, and entrepreneurs but also promotes economic stability in Flint, Michigan through innovation and entrepreneurship. The center's focus on education and practical guidance is empowering individuals from diverse backgrounds to pursue their entrepreneurial dreams and contribute to the local economy.
This information is meant to be a general summary of Ferris Wheel Innovation Center. 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 2022.
- Program Service Revenue: $26,778
- Gross Receipts: $660,956
Assets and Liabilities:
- Total Assets: $399,602
- Total Liabilities: $27,849
- Net Assets: $371,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT PARTICIPATION FEES
Revenue
$26,778
Organization Details
Phone
(810) 213-4720Principal Officer
Brandee Cooke-Brown
Main Address
601 SAGINAW STREET, FLINT, MI, 48502
Website
www.100kideas.orgNTEE Category
Code: B60 - Education
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