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Cobiz Richmond Inc

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

EIN: 842956832 ✦ Richmond, CA ✦ Designated as a 501(c)(3)

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Overview

What is Cobiz Richmond Inc?

Cobiz Richmond Inc, based in Richmond, California, serves as an entrepreneurial hub, providing low to no-cost business innovation and incubation services within a collaborative shared workspace setting. Their mission is to foster a culture of innovation, collaboration, and entrepreneurship among individuals and tri-sector stakeholders, aiming to drive sustainable economic development and revitalization in downtown and greater Richmond, California. Despite the challenges posed by the pandemic and numerous shelter-in-place orders, Cobiz Richmond Inc continued its operations, supporting the community and essential professionals. With a team of only two employees, they demonstrate a strong commitment to their mission, contributing to the local economy and fostering entrepreneurship in the area.


Official website here: www.cobizrichmond.com

What do the Facebook reviews say about Cobiz Richmond Inc?

92% of reviewers on Facebook recommend Cobiz Richmond Inc. Here is a summary of their reviews:

The atmosphere at Cobiz Richmond Inc is frequently praised as being conducive for business activities. Reviewers appreciate the environment, indicating that it fosters collaboration and networking opportunities.

Overall, the sentiment is positive, with users expressing satisfaction with the organization’s ability to create a supportive space for business endeavors. This nonprofit seems to successfully deliver on its commitment to enhancing the business community.


This AI summary has been generated from reviews found on Facebook.

Is Cobiz Richmond Inc legitimate?

Cobiz Richmond Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cobiz Richmond 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,742

For more financial information, click here


Official website here: www.cobizrichmond.com

What is the mission statement of Cobiz Richmond Inc?

Cobiz Richmond Inc's mission is to establish an entrepreneurial hub that encourages innovation, collaboration, and entrepreneurship among various stakeholders. The aim is to drive sustainable economic development and revitalization, specifically in a downtown and wider area. This hub serves as a platform for individuals and organizations to work together, fostering a culture that supports business growth and long-term prosperity. During the pandemic, Cobiz Richmond Inc continued providing low-cost business innovation and incubation services, serving the community and essential professionals in a shared workspace setting.


Official website here: www.cobizrichmond.com

Who is the CEO of Cobiz Richmond Inc?

Wesley Alexander is the Ceo of Cobiz Richmond Inc. The CEO's salary of Cobiz Richmond Inc is $0 and their total compensation is $0.


Official website here: www.cobizrichmond.com

What is the revenue of Cobiz Richmond Inc?

Cobiz Richmond Inc's revenue in 2022 was $563,616.


Official website here: www.cobizrichmond.com

Who are the executives of Cobiz Richmond Inc and what are their salaries?

The average compensation at Cobiz Richmond Inc during 2022 was $118,371. There are 2 employees at Cobiz Richmond Inc.


Here are 5 key members and their salaries (Cobiz Richmond Inc's CEO's salary is $0 and their total compensation is $0):


Bret Sweet (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Martin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lily Rahnema (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wesley Alexander (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cobizrichmond.com

Where can I find the form 990 for Cobiz Richmond Inc?

Cobiz Richmond Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cobizrichmond.com

Learn more at the official website: www.cobizrichmond.com

Mission Statement of Cobiz Richmond Inc

Cobiz Richmond Inc, as a nonprofit organization, is dedicated to establishing an entrepreneurial hub that encourages a culture of innovation, collaboration, and entrepreneurship among individuals and tri-sector stakeholders. The ultimate goal is to drive sustainable economic development and revitalization in the downtown and greater Richmond area. By providing low to no-cost business innovation and incubation services in a collaborative shared workspace setting, Cobiz Richmond Inc serves the community and essential professionals, even during the pandemic and numerous shelter-in-place orders.

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Impact




October, 2024

Cobiz Richmond Inc plays a pivotal role in fostering a vibrant entrepreneurial ecosystem in Richmond, California. By establishing an entrepreneurial hub, it cultivates a culture of innovation and collaboration, bringing together individuals, businesses, and community stakeholders. This collaborative environment is essential for stimulating economic development, especially in areas struggling with revitalization.

The organization has been particularly impactful in providing low to no-cost business innovation and incubation services, making essential resources accessible to a diverse range of entrepreneurs. Throughout the challenges posed by the pandemic, Cobiz Richmond has demonstrated resilience by continuing its services, ensuring that local entrepreneurs have the support they need to adapt and thrive despite adversity.

Moreover, Cobiz Richmond's emphasis on tri-sector engagement underscores its commitment to fostering partnerships across public, private, and nonprofit sectors. This integrated approach not only enhances the effectiveness of entrepreneurial initiatives but also strengthens community ties, ultimately driving sustainable growth in the region. By focusing on creative solutions and collaborative efforts, Cobiz Richmond Inc is instrumental in transforming downtown and greater Richmond into a hub of economic vitality and innovation.




This information is meant to be a general summary of Cobiz Richmond 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.

Revenue
$563,616 (2022)
Expenses
$622,803 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $277,733
  • Gross Receipts: $563,616

Assets and Liabilities:

  • Total Assets: $136,740
  • Total Liabilities: $151,339
  • Net Assets: -$14,599

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Programs

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

SPACE AND SERVICES

Revenue

$277,733

Organization Details

Founding Year

2019

Principal Officer

Wesley Alexander

Main Address

1503 MACDONALD AVE STE STE A, RICHMOND, CA, 94801

NTEE Category

Code: S32 - Community improvement

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