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Sprocket Inc

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

EIN: 822967525 ✦ Paducah, KY ✦ Designated as a 501(c)(3)

Overview

What is Sprocket Inc?

Sprocket Inc, located at 3121 Broadway St STE 106, Paducah, KY 42001, is a modest nonprofit organization with a team of four individuals. Their primary focus lies in promoting entrepreneurship and community learning through the development and hosting of educational programs. Acting as a pioneer, Sprocket Inc plays a crucial role in supporting the Paducah Innovations Hub and fostering entrepreneurial innovations in the surrounding region. Their mission is geared towards driving the growth and development of these educational initiatives, contributing positively to the local community.


Official website here: www.sprocketpaducah

Is Sprocket Inc legitimate?

Sprocket Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sprocket 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,617

For more financial information, click here


Official website here: www.sprocketpaducah

What is the mission statement of Sprocket Inc?

Sprocket Inc serves a crucial role in driving educational advancements. Their mission is to aid in the development of educational programs focused on entrepreneurship and community learning, primarily for the Paducah Innovations Hub and EntreprenuerialInnovations in the region. Through these initiatives, Sprocket Inc aims to foster a learning environment that encourages innovation and growth. They host and develop these educational programs, contributing to the wider community's knowledge and skills in entrepreneurship.


Official website here: www.sprocketpaducah

Who is the CEO of Sprocket Inc?

Monica Bilak is the Executive Director of Sprocket Inc.


Official website here: www.sprocketpaducah

What is the revenue of Sprocket Inc?

Sprocket Inc's revenue in 2023 was $1,029,539.


Official website here: www.sprocketpaducah

Who are the executives of Sprocket Inc and what are their salaries?

The average compensation at Sprocket Inc during 2023 was $39,904. There are 4 employees at Sprocket Inc.

Here are 7 key members and their salaries:

    Monica Bilak (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Truitt (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Tennyson (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Brumley (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michale Ramage (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Inez Hutchins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brandon Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sprocketpaducah

    Where can I find the form 990 for Sprocket Inc?

    The Sprocket Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.sprocketpaducah

    Learn more at the official website: www.sprocketpaducah

    Mission Statement of Sprocket Inc

    Sprocket Inc, a pioneering organization, plays a significant role in spearheading the development of educational programs aimed at fostering entrepreneurship and community learning within the realms of Paducah Innovations Hub and EntreprenuerialInnovations. The mission of Sprocket Inc is to serve as a catalyst, designing and implementing educational programs that empower individuals and stimulate innovation within the respective communities. By doing so, Sprocket Inc contributes to the promotion of an environment that encourages creativity, learning, and the nurturing of entrepreneurial spirit.

    Impact

    This information is meant to be a general summary of Sprocket Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Sprocket Inc's impact lies in its role as a pilot organization dedicated to developing educational programs for the Paducah Innovations Hub and fostering entrepreneurial innovations in the region. Through its educational programs, Sprocket promotes entrepreneurship and community learning, thereby contributing to the growth and development of individuals and businesses in Paducah, KY.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $0
  • Program Service Revenue: $119,266
  • Gross Receipts: $1,029,539

    • Assets and Liabilities:
  • Total Assets: $2,740,633
  • Total Liabilities: $2,050,838
  • Net Assets: $689,795
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Program Fees

    Revenue

    $119,266

    Organization Details

    Founding Year

    2018

    Principal Officer

    Monica Bilak

    Main Address

    3121 Broadway St STE 106, Paducah, KY, 42001

    NTEE Category

    Code: B01 - Education

    If you are a representative of Sprocket Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.