Overview
What is Build Institute?
Build Institute is a nonprofit organization situated in Detroit, Michigan, specifically at 1620 Michigan Ave Apt 120. Their primary mission is to empower individuals to launch and grow businesses by offering education, resources, and a supportive, engaged community. Over 1800 aspiring and experienced entrepreneurs have graduated from their classes, leading to numerous successful ventures in the city. They extend their programming beyond the main location, reaching over 100 zip codes across metro Detroit. Build Institute provides networking events, mentorship, and connections to resources, fostering an environment that allows ideas to develop and thrive over time. The organization is committed to inclusivity, with 63% of their participants being people of color and 83% female student enrollment. Currently, the team consists of 11 dedicated individuals.
Official website here: www.buildinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Build Institute has achieved an overall score of 88%, reflecting a strong commitment to accountability and finance. The rating is derived entirely from its Accountability & Finance score, where it has demonstrated excellence in several key areas, including a fully independent board and robust financial oversight mechanisms.
The organization has scored full points in several categories such as the percentage of independent board members and the lack of material diversion of assets. Additionally, its program expense ratio stands at 69.87%, indicating that a significant portion of its budget is allocated directly to its programs rather than administrative costs.
However, there are a few areas where Build Institute could improve. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are crucial for transparency and good governance. Overall, while the organization shows strong financial health and governance, addressing these gaps would enhance its accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Build Institute?
98% of 35 reviewers on Facebook recommend Build Institute. Here is a summary of their reviews:
The feedback indicates a strong appreciation for the events organized by Build Institute, particularly highlighting the positive experience at The Sunday Street market. Reviewers noted the event's success and the effectiveness of the institute's support, specifically mentioning the helpfulness of staff members like Jessica in facilitating opportunities for local entrepreneurs.
Overall, supporters express a sense of community and gratitude for the services provided by Build Institute, suggesting that it truly supports and empowers local businesses through engaging initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Build Institute legitimate?
Build Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Build Institute 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: $125,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $381,113
For more financial information, click here
Official website here: www.buildinstitute.org
What is the mission statement of Build Institute?
The Build Institute's mission is centered around empowering individuals to launch their business ideas and facilitate their growth. They achieve this by providing access to educational resources, essential tools, and a supportive and engaged community. Through their classes, networking events, mentorship programs, and connections to resources, they foster an environment where ideas can develop and thrive over time. The Institute's programming is accessible across various locations, and a significant portion of their participants are people of color and women.
Official website here: www.buildinstitute.org
Who is the CEO of Build Institute?
Regina Ann Campbell is the President And Ceo of Build Institute. The CEO's salary of Build Institute is $125,448 and their total compensation is $125,448.
Official website here: www.buildinstitute.org
What is the revenue of Build Institute?
Build Institute's revenue in 2022 was $1,448,828.
Official website here: www.buildinstitute.org
Who are the executives of Build Institute and what are their salaries?
The average compensation at Build Institute during 2022 was $46,051. There are 11 employees and 72 volunteers at Build Institute.
Here are 13 key members and their salaries (Build Institute's CEO's salary is $125,448 and their total compensation is $125,448):
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Official website here: www.buildinstitute.org
Where can I find the form 990 for Build Institute?
Build Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.buildinstitute.org
Learn more at the official website: www.buildinstitute.org
Mission Statement of Build Institute
Build Institute, a nonprofit organization, aims to empower individuals to launch their ideas and grow their businesses. It accomplishes this mission by providing access to education, resources, and a supportive engaged community. By offering classes, networking events, mentorship, and connections to resources, Build Institute fosters an environment where ideas can develop and flourish over time. The organization's programming reaches over 100 zip codes across the metro Detroit area, with a significant portion of its participants being people of color and a high enrollment of female students. By offering these resources and support, Build Institute plays a crucial role in helping aspiring and experienced entrepreneurs turn their ideas into successful businesses.
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Impact
July, 2024
Build Institute has empowered over 1800 individuals to launch their ideas and grow businesses by providing access to education, resources, and a supportive engaged community. Many of its graduates have successfully started businesses in Detroit. Build Institute's impact extends across over 100 zip codes in metro Detroit, with a focus on supporting people of color and women entrepreneurs. Its programs have fostered a diverse and thriving entrepreneurial ecosystem, contributing to community improvement in the city.
This information is meant to be a general summary of Build Institute. 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: $665
- Program Service Revenue: $80,418
- Gross Receipts: $1,448,828
Assets and Liabilities:
- Total Assets: $2,363,910
- Total Liabilities: $303,439
- Net Assets: $2,060,471
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOPS
Revenue
$80,418
Organization Details
Founding Year
2017
Phone
(313) 265-3590Principal Officer
Regina Ann Campbell
Main Address
1620 MICHIGAN AVE APT 120, DETROIT, MI, 48216
Website
www.buildinstitute.orgNTEE Category
Code: S20 - Community improvement
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