Overview
What is Innovation Dupage?
Innovation Dupage is a nonprofit organization situated in Glen Ellyn, Illinois, specifically at 535 Duane Street. Its primary mission is to foster innovation and support the growth of local entrepreneurs and startups in DuPage County and the surrounding Midwest region. The organization accomplishes this by providing access to educational and training resources, business and community support, capital, and customers. Innovation Dupage is powered by a network of academic, governmental, and business partners, who collaborate and share resources, talent, and ideas to strengthen the startup community. The goal is to enhance regional prosperity, attract world-class talent, and drive sustainable economic growth in the area. As of the provided data, the organization employs 21 individuals.
Official website here: www.innovationdupage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating.
Innovation DuPage has received a Two-Star rating, indicating a moderate level of accountability and financial health. The charity's score is primarily derived from its Accountability & Finance metrics, which stands at 70%. Key strengths include a fully independent board, strong oversight on financial statements, and no material diversion of assets, reflecting a solid governance structure.
However, there are notable areas for improvement. The organization has missing policies for whistleblower protection and document retention, which are critical for transparency and accountability. Additionally, while the program expense ratio is relatively low at 55.37%, this suggests that a significant portion of its resources may not be directly invested in its programs, potentially affecting its overall impact.
Overall, while Innovation DuPage demonstrates good governance practices, addressing its policy gaps and increasing investment in program-related activities could enhance its effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Dupage legitimate?
Innovation Dupage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Dupage 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: $111,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,822
For more financial information, click here
Official website here: www.innovationdupage.org
What is the mission statement of Innovation Dupage?
Innovation Dupage's mission is facilitated through a network of academic, governmental, and business partners. The organization shares resources, talent, and ideas to support the growth of local entrepreneurs and startups. They accomplish this by providing education, incubation, acceleration, and collaboration services. Innovation Dupage is a non-profit venture that connects startup founders and small business owners with the necessary resources, programs, and partnerships to help them grow. By doing so, they enhance regional prosperity, attract world-class talent, and drive sustainable economic growth. The organization fosters innovation and supports the growth of jobs, companies, and economic development in the surrounding midwest region, providing entrepreneurs with access to education, training resources, business and community support, capital, and customers.
Official website here: www.innovationdupage.org
Who is the CEO of Innovation Dupage?
Joseph Cassidy is the President of Innovation Dupage.
Official website here: www.innovationdupage.org
What is the revenue of Innovation Dupage?
Innovation Dupage's revenue in 2022 was $585,911.
Official website here: www.innovationdupage.org
Who are the executives of Innovation Dupage and what are their salaries?
The average compensation at Innovation Dupage during 2022 was $18,501. There are 21 employees and 8 volunteers at Innovation Dupage.
Here are 9 key members and their salaries:
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- Compensation: $23,077
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- Compensation: $96,140
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Official website here: www.innovationdupage.org
Where can I find the form 990 for Innovation Dupage?
Innovation Dupage's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationdupage.org
Learn more at the official website: www.innovationdupage.org
Mission Statement of Innovation Dupage
Innovation Dupage, a non-profit venture, serves as a platform for connecting local entrepreneurs and small business owners with the necessary resources, talent, and opportunities for growth. By leveraging a network of academic, governmental, and business partners, Innovation Dupage fosters collaboration and idea sharing, thereby supporting its expanding community of entrepreneurs and startups. Through education, incubation, acceleration, and collaboration, Innovation Dupage aims to enhance regional prosperity, attract top talent, and drive sustainable economic growth. By providing access to education and training resources, business and community support, capital, and customers, Innovation Dupage encourages innovation, job creation, company growth, and economic development in the Midwest region.
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Impact
July, 2024
Innovation Dupage's impact is significant as it unites startup founders and small business owners with the resources, programs, and support needed for growth. By fostering innovation and providing access to education, training, capital, and customers, Innovation Dupage contributes to job creation, company growth, and economic development in DuPage County and the surrounding Midwest region. Through collaboration with a diverse network of partners, this organization enhances regional prosperity, attracts top talent, and drives sustainable economic growth.
This information is meant to be a general summary of Innovation Dupage. 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: $33
- Program Service Revenue: $141,921
- Gross Receipts: $585,911
Assets and Liabilities:
- Total Assets: $148,017
- Total Liabilities: $50,664
- Net Assets: $97,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OWNER TO CEO
Revenue
$50,167
OTHER FEES FOR PROGRAM
Revenue
$43,784
MEMBERSHIP DUES
Revenue
$27,470
COMMUNITY PARTNERSHIPS
Revenue
$20,500
Organization Details
Founding Year
2018
Phone
(630) 942-2316Principal Officer
Joseph Cassidy
Main Address
535 DUANE ST, GLEN ELLYN, IL, 60137
Website
www.innovationdupage.orgNTEE Category
Code: P20 - Human services
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