Overview
What is Startedup Foundation Inc?
Startedup Foundation Inc, based in Noblesville, Indiana, is a nonprofit organization with a mission to enhance the entrepreneurial ecosystem in the state. They achieve this by fostering collaboration between the State of Indiana, business support organizations, and local entrepreneurs. This connection creates opportunities for business growth, mentorship, and community impact, aiming to establish Indiana as the most connected entrepreneurial hub in the country. Additionally, the foundation engages with students, immersing them in an entrepreneurial mindset, inspiring them to start new ventures, and providing mentorship throughout the process. With a team of five dedicated individuals, Startedup Foundation Inc is committed to empowering and supporting entrepreneurs in Indiana.
Official website here: www.startedupfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Startedup Foundation Inc has received a 79% rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The score reflects a strong commitment to transparency and good governance, with 100% of board members being independent. This level of independence is crucial for maintaining objectivity and trust in the organization's operations.
The foundation demonstrated excellence in several key areas, such as having no material diversion of assets and a favorable liabilities-to-assets ratio of just 2.89%. Additionally, it has effectively implemented policies regarding conflicts of interest, whistleblowing, and document retention, all of which contribute to its accountable functioning. The program expense ratio stands at a commendable 68%, illustrating a significant allocation of resources towards its mission.
However, the overall score is calculated solely from the accountability and finance beacon, which means other aspects of the organization, such as programmatic effectiveness, were not evaluated in this rating. While the financial indicators are strong, potential donors may want to consider additional information on the organization's impact and effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Startedup Foundation Inc legitimate?
Startedup Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Startedup Foundation 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: $163,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,453
For more financial information, click here
Official website here: www.startedupfoundation.org
What is the mission statement of Startedup Foundation Inc?
The Startedup Foundation Inc's mission is centered around empowering students. Through an immersive approach, it encourages them to embrace the entrepreneurial mindset and consider starting new ventures. The foundation offers mentorship throughout this process, providing the necessary guidance and support. Furthermore, the foundation aims to foster a connected ecosystem by facilitating collaborations between entrepreneurs, business support organizations, and the state. This network offers business opportunities, mentorship, and community impact, ultimately serving to grow businesses and foster support in various communities.
Official website here: www.startedupfoundation.org
Who is the CEO of Startedup Foundation Inc?
Hunter Stone is the Board Member of Startedup Foundation Inc. The CEO's salary of Startedup Foundation Inc is $82,878 and their total compensation is $90,000.
Official website here: www.startedupfoundation.org
What is the revenue of Startedup Foundation Inc?
Startedup Foundation Inc's revenue in 2022 was $1,112,158.
Official website here: www.startedupfoundation.org
Who are the executives of Startedup Foundation Inc and what are their salaries?
The average compensation at Startedup Foundation Inc during 2022 was $52,962. There are 5 employees and 5 volunteers at Startedup Foundation Inc.
Here are 7 key members and their salaries (Startedup Foundation Inc's CEO's salary is $82,878 and their total compensation is $90,000):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $82,878
- Related: $0
- Other: $7,122
- Compensation: $61,738
- Related: $0
- Other: $11,621
Official website here: www.startedupfoundation.org
Where can I find the form 990 for Startedup Foundation Inc?
Startedup Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.startedupfoundation.org
Learn more at the official website: www.startedupfoundation.org
Mission Statement of Startedup Foundation Inc
Startedup Foundation Inc, a nonprofit organization, is dedicated to empowering students by immersing them in an entrepreneurial mindset. The foundation inspires young individuals to embark on new ventures and provides mentorship throughout the process. By doing so, the organization aims to equip students with the necessary skills and support to create something new, fostering a spirit of innovation and self-sufficiency. This mission is carried out through various means, including facilitating collaborations between the state, business support organizations, and local entrepreneurs. By building a connected entrepreneurial ecosystem, Startedup Foundation Inc helps create business opportunities, mentorship, and community impact, ultimately fostering support and growth for businesses in various communities.
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Impact
July, 2024
Startedup Foundation Inc's impact lies in empowering students by immersing them into the entrepreneurial way of being, inspiring them to start something new, and mentoring them through new ventures. One of their key projects is the Ecosystem Build Project in Indiana, where they connect entrepreneurs to resources in their communities, thereby increasing the financial runway for these aspiring business owners. By facilitating collaboration between the state of Indiana, business support organizations, and local entrepreneurs, the foundation helps build a highly connected entrepreneurial ecosystem in the state. This interconnected network creates business opportunities, mentorship, and community impact, ultimately fostering support and growth for businesses in Indiana's communities.
This information is meant to be a general summary of Startedup Foundation 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.
- Program Service Revenue: $976,580
- Gross Receipts: $1,173,027
Assets and Liabilities:
- Total Assets: $221,201
- Total Liabilities: $8,067
- Net Assets: $213,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECOSYSTEM BUILD PROJEC
Revenue
$300,000
INNOVATE WITHIN
Revenue
$227,081
EDUCATOR TRAINING
Revenue
$203,833
CERTIFICATION
Revenue
$174,999
OTHER PROGRAM REVENUE
Revenue
$70,667
Organization Details
Founding Year
2018
Phone
(317) 777-9240Principal Officer
Hunter Stone
Main Address
1098 PEBBLE BROOK DR, NOBLESVILLE, IN, 46062
Website
www.startedupfoundation.orgNTEE Category
Code: P20 - Human services
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