Overview
What is Dimension Mill Inc?
Dimension Mill Inc, situated in Bloomington, Indiana, is a nonprofit organization that plays a significant role in supporting the local technology and innovation community. Their primary mission is to foster the growth of high-potential companies, aiming to establish itself as the hub for coworking and entrepreneurship within the state of Indiana. They achieve this goal by organizing events and providing programming, with the ultimate objective of launching and accelerating these companies to their full potential.
Official website here: www.dimensionmill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating). Dimension Mill Inc has achieved a score of 73%, which indicates a moderate level of performance in terms of accountability and finance. The organization has a fully independent board, with 100% of its members meeting independence criteria, and it maintains strong financial oversight, as evidenced by its audit and absence of material asset diversion.
However, there are notable limitations in their governance practices. The nonprofit lacks several essential policies, including a whistleblower policy and a document retention and destruction policy, both of which are crucial for transparency and ethical conduct. Additionally, the organization has not posted its tax forms on its website, which could limit public access to important financial information.
While Dimension Mill Inc demonstrates a solid commitment to program expenses, with a program expense ratio of nearly 70%, its liabilities to assets ratio raises concerns at 106.82%. This indicates potential financial risk, suggesting that the organization may be operating with more liabilities than it has assets to cover. Overall, while there are strengths in governance and program spending, improvements are needed in several policy areas and financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Dimension Mill Inc legitimate?
Dimension Mill Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dimension Mill 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: $159,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $511,368
For more financial information, click here
Official website here: www.dimensionmill.org
What is the mission statement of Dimension Mill Inc?
Dimension Mill Inc's mission is focused on assisting and propelling high-caliber companies. Their vision extends further, aiming to establish themselves as the focal point for coworking and entrepreneurship within Indiana. In pursuit of this mission, they actively engage with the technology and innovation community, organizing events and programming to provide support.
Official website here: www.dimensionmill.org
Who is the CEO of Dimension Mill Inc?
Pat East is the Executive Dir. of Dimension Mill Inc.
Official website here: www.dimensionmill.org
What is the revenue of Dimension Mill Inc?
Dimension Mill Inc's revenue in 2022 was $1,279,893.
Official website here: www.dimensionmill.org
Who are the executives of Dimension Mill Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.dimensionmill.org
Where can I find the form 990 for Dimension Mill Inc?
Dimension Mill Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dimensionmill.org
Learn more at the official website: www.dimensionmill.org
Mission Statement of Dimension Mill Inc
Dimension Mill Inc, a dynamic organization, is dedicated to assisting and fostering the growth of high-potential companies. The nonprofit's vision extends beyond this, aiming to establish itself as the hub of coworking and entrepreneurship in its respective region. Beyond just a vision, Dimension Mill Inc actively works towards this goal by supporting the technology and innovation community through the production of events and programming. This proactive approach reflects the organization's commitment to nurturing and promoting entrepreneurship, ultimately contributing to a thriving and innovative ecosystem.
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Impact
July, 2024
Dimension Mill Inc has a significant impact on the technology and innovation community in Indiana. They actively support high-potential companies by offering resources, events, and programming to help these businesses launch and grow. As a hub for coworking and entrepreneurship in Bloomington, Dimension Mill Inc plays a vital role in fostering a thriving ecosystem for startups and innovators in the state. Their efforts contribute to the overall improvement of the community by driving economic growth and innovation.
This information is meant to be a general summary of Dimension Mill 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: $1,133
- Program Service Revenue: $792,180
- Gross Receipts: $1,279,893
Assets and Liabilities:
- Total Assets: $1,860,065
- Total Liabilities: $1,987,024
- Net Assets: -$126,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Space - Non-member
Revenue
$99,717
Investment Management
Revenue
$96,100
Membership Dues & Assessments
Revenue
$407,107
Program Management
Revenue
$116,397
Sponsorship Income
Revenue
$61,933
Organization Details
Founding Year
2017
Phone
(317) 965-2155Principal Officer
Pat East
Main Address
642 N Madison St, Bloomington, IN, 47404
Website
www.dimensionmill.orgNTEE Category
Code: S20 - Community improvement
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