Groover Labs Inc

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

EIN: 843484606 ✦ Wichita, KS ✦ Designated as a 501(c)(3)

Overview

What is Groover Labs Inc?

Groover Labs Inc, a nonprofit organization situated in Wichita, Kansas, at 334 N St Francis Ave, is committed to fostering growth in local start-up activities. Their primary mission is to provide a collaborative working environment where entrepreneurs and tech workers can seek support and exchange ideas. The organization operates from a 42,000-square-foot facility, equipped with various flexible work and meeting spaces, including large and small offices, dedicated desks, conference rooms, an event venue, and two classrooms. These spaces can be rented by the hour or month, ensuring accessibility for individuals and businesses. With a focus on fostering innovation and collaboration, Groover Labs Inc serves as a hub for local start-up activity, contributing to the growth and development of the tech community in Wichita.


Official website here: www.grooverlabs.org

Is Groover Labs Inc legitimate?

Groover Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groover Labs 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,649

For more financial information, click here


Official website here: www.grooverlabs.org

What is the mission statement of Groover Labs Inc?

Groover Labs Inc, being a non-profit organization, aims to stimulate growth in local startup activity. They accomplish this by offering a centralized location where entrepreneurs and tech professionals can obtain support and exchange ideas in a collaborative working environment. The organization provides a range of flexible workspaces, including offices, open desk seating, conference rooms, a large event venue, and classrooms, all equipped with high-speed gigabit internet access. These resources enable entrepreneurs to network, brainstorm, and develop their ventures in a supportive setting.


Official website here: www.grooverlabs.org

Who is the CEO of Groover Labs Inc?

Curtis Gridley is the Director of Groover Labs Inc.


Official website here: www.grooverlabs.org

What is the revenue of Groover Labs Inc?

Groover Labs Inc's revenue in 2022 was $496,050.


Official website here: www.grooverlabs.org

Who are the executives of Groover Labs Inc and what are their salaries?

The average compensation at Groover Labs Inc during 2022 was $20,942. There are 6 employees at Groover Labs Inc.

Here are 3 key members and their salaries:

    Dave Cunningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Curt Gridley (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Hoover (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.grooverlabs.org

    Where can I find the form 990 for Groover Labs Inc?

    The Groover Labs Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.grooverlabs.org

    Learn more at the official website: www.grooverlabs.org

    Mission Statement of Groover Labs Inc

    Groover Labs Inc, a non-profit organization, is committed to fostering growth in local start-up activity. They achieve this by offering a collaborative working environment where entrepreneurs and tech workers can seek support and share ideas. This mission is realized through the provision of a single location equipped with flexible work and meeting spaces, including large and small offices, dedicated and open desk seating, conference rooms, a large event venue, and two classrooms. These spaces are equipped with high-speed gigabit internet access, providing an ideal environment for innovation and collaboration. Groover Labs Inc serves as a hub where start-ups can thrive, offering a supportive network for entrepreneurs to grow and succeed in their ventures.

    Impact

    This information is meant to be a general summary of Groover Labs Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Groover Labs Inc's impact is significant in fostering growth in local start-up activity. By providing a collaborative working environment where entrepreneurs and tech workers can receive support and share ideas, Groover Labs Inc plays a crucial role in creating a supportive ecosystem for innovation and entrepreneurship. Through its co-working spaces and various meeting areas, Groover Labs Inc contributes to enhancing the local entrepreneurial scene and driving community improvement in Wichita, Kansas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $403,902
  • Gross Receipts: $496,050

    • Assets and Liabilities:
  • Total Assets: $132,464
  • Total Liabilities: $8,254
  • Net Assets: $124,210
  • Programs

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

    COWORKING SPACES

    Revenue

    $185,113

    MAKERSPACE PROGRAMS

    Revenue

    $143,123

    SHARED PROGRAMS

    Revenue

    $75,666

    Organization Details

    Founding Year

    2019

    Principal Officer

    Curtis Gridley

    Main Address

    334 N ST FRANCIS AVE, WICHITA, KS, 67202

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Groover Labs Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.