Overview
What is Mill Race Center For Entrepreneuership And Innovation?
The Mill Race Center for Entrepreneurship and Innovation is a nonprofit organization situated in the Cedar Valley, dedicated to empowering budding entrepreneurs and early-stage companies. They achieve this mission by introducing two innovative training programs. Among these, a licensed program named co.starters was successfully completed by 15 business pioneers in the autumn of 2019. Furthermore, they facilitated 20 new business ventures, providing them with an opportunity to showcase their ideas at 1 Million Cups, a regular event that offers constructive community input and potential connections to foster their business growth.
Official website here: www.redcedarcv.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Mill Race Center For Entrepreneurship And Innovation has received a strong score of 83%, indicating a solid level of accountability and financial health. The organization excels in maintaining an independent board, with 100% of its board members being independent, which contributes positively to its governance structure. It also demonstrates financial responsibility with a program expense ratio of 76.03%, reflecting a commitment to using funds effectively for its mission.
Despite these strengths, there are some areas for improvement, particularly concerning its policy documentation. The organization is noted to be missing a whistleblower policy and a document retention and destruction policy, which could impact its transparency and operational integrity. Additionally, the tax form, while listed on the nonprofit's website, is marked as missing in some documentation aspects, which could be an area to address for better public access to information.
Overall, the Mill Race Center For Entrepreneurship And Innovation showcases a commendable commitment to accountability and efficient use of resources, although it would benefit from enhancing its policy documentation to strengthen overall governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mill Race Center For Entrepreneuership And Innovation legitimate?
Mill Race Center For Entrepreneuership And Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mill Race Center For Entrepreneuership And Innovation 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.redcedarcv.com
What is the mission statement of Mill Race Center For Entrepreneuership And Innovation?
The Mill Race Center for Entrepreneurship and Innovation supports early-stage companies and entrepreneurs through its mission. Red Cedar CV, as the center is known, offers various initiatives to aid in business growth. One such initiative is the co.starters program, a licensed 10-week entrepreneurial training course that graduated 15 business founders in the fall of 2019. Moreover, the center hosts monthly events, such as 1 Million Cups, where new startups present their businesses to the community, seeking valuable feedback and connections to help propel their growth.
Official website here: www.redcedarcv.com
Who is the CEO of Mill Race Center For Entrepreneuership And Innovation?
Danny Laudick is the Executive Director of Mill Race Center For Entrepreneuership And Innovation.
Official website here: www.redcedarcv.com
What is the revenue of Mill Race Center For Entrepreneuership And Innovation?
Mill Race Center For Entrepreneuership And Innovation's revenue in 2022 was $33,000.
Official website here: www.redcedarcv.com
Who are the executives of Mill Race Center For Entrepreneuership And Innovation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.redcedarcv.com
Where can I find the form 990EZ for Mill Race Center For Entrepreneuership And Innovation?
Mill Race Center For Entrepreneuership And Innovation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.redcedarcv.com
Learn more at the official website: www.redcedarcv.com
Mission Statement of Mill Race Center For Entrepreneuership And Innovation
Mill Race Center for Entrepreneurship and Innovation is dedicated to supporting entrepreneurs and early-stage companies in their journey. Their mission, as outlined, involves providing resources and opportunities for business founders in the Cedar Valley area. They have launched two entrepreneur training programs, one of which is a licensed program called co.starters. Through this program, 15 business founders successfully graduated from a 10-week course in the fall of 2019.
Beyond the co.starters program, Mill Race Center for Entrepreneurship and Innovation also hosts a monthly event called 1 Million Cups. This event is designed to offer valuable community feedback and connections to help new businesses grow. Twenty new business startups presented at these events, providing them with the chance to connect with potential investors, mentors, and fellow entrepreneurs. By offering these programs, Mill Race Center for Entrepreneurship and Innovation is actively contributing to the growth and success of local businesses in the entrepreneurial sphere.
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Impact
August, 2024
Mill Race Center For Entrepreneurship And Innovation in Cedar Falls, Iowa, has made a significant impact on the local entrepreneurial ecosystem. Through their programs like co.starters and 1 Million Cups, they have provided valuable support and resources to 15 business founders who successfully graduated from the 10-week training program. Additionally, they have facilitated connections for 20 new business startups, helping them grow and thrive in the community. Their dedication to supporting entrepreneurs and early-stage companies is evident in the positive outcomes they have achieved, making them a key player in fostering innovation and economic development in the Cedar Valley.
This information is meant to be a general summary of Mill Race Center For Entrepreneuership And Innovation. 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.
- Gross Receipts: $33,000
Assets and Liabilities:
- Total Assets: $32,390
- Total Liabilities: $0
- Net Assets: $32,390
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Organization Details
Phone
(319) 553-6921Principal Officer
Danny Laudick
Main Address
4516 CORONADO CT, CEDAR FALLS, IA, 50613
Website
www.redcedarcv.comNTEE Category
Code: B60 - Education
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