Overview
What is Idaho Innovation Center Inc?
Idaho Innovation Center Inc is a nonprofit organization committed to promoting economic growth. They operate a business incubator, providing a low-cost environment for fledgling enterprises to launch and grow during their early stages. The center offers these start-ups shared resources and assistance, contributing to their initial business development. By doing so, Idaho Innovation Center Inc plays a significant role in fostering innovation and entrepreneurship within the local economy.
Is Idaho Innovation Center Inc legitimate?
Idaho Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Idaho Innovation Center 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,458
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What is the mission statement of Idaho Innovation Center Inc?
The Idaho Innovation Center Inc serves a role in promoting economic development by operating a small business incubator. This incubator provides a low-cost facility for start-up businesses to develop their initial stages, offering them a supportive environment. Alongside the physical space, the center also provides shared services and assistance to these nascent enterprises, aiming to aid their growth and success.
Who is the CEO of Idaho Innovation Center Inc?
Monte Young is the Treasurer of Idaho Innovation Center Inc.
What is the revenue of Idaho Innovation Center Inc?
Idaho Innovation Center Inc's revenue in 2022 was $449,264.
Who are the executives of Idaho Innovation Center Inc and what are their salaries?
The average compensation at Idaho Innovation Center Inc during 2022 was $37,364. There are 4 employees at Idaho Innovation Center Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Idaho Innovation Center Inc?
Idaho Innovation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Idaho Innovation Center Inc
Idaho Innovation Center, a nonprofit organization, is dedicated to fostering economic development. It achieves this mission by operating a small business incubator. This incubator provides start-up businesses with an affordable rental space to grow during their initial phase. In addition to the low-cost facility, Idaho Innovation Center offers shared services and assistance to these emerging enterprises. By doing so, it plays a vital role in supporting the development of Idaho's economy.
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Impact
October, 2024
Idaho Innovation Center Inc significantly boosts economic development in Idaho Falls by providing a supportive environment for start-up businesses. Through its small business incubator, it offers affordable facilities that enable entrepreneurs to focus on the critical initial phases of their ventures. The center also supplies shared services and assistance, equipping businesses with essential resources and guidance for growth and sustainability.
This impact extends beyond individual start-ups; it fosters a thriving entrepreneurial ecosystem that benefits the broader community. By encouraging innovation, job creation, and economic activity, Idaho Innovation Center Inc contributes to community improvement and enhances the overall economic vitality of the region. The center plays a vital role in transforming ideas into successful businesses, driving progress and development in the local economy.
This information is meant to be a general summary of Idaho Innovation Center 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 2022.
- Investment Income: $1,556
- Program Service Revenue: $431,835
- Gross Receipts: $449,264
Assets and Liabilities:
- Total Assets: $1,538,039
- Total Liabilities: $106,893
- Net Assets: $1,431,146
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW RENT FACILITY INCOME
Revenue
$431,835
Organization Details
Principal Officer
Monte Young
Main Address
2300 NORTH YELLOWSTONE, IDAHO FALLS, ID, 83401
NTEE Category
Code: S43 - Community improvement
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