Overview
What is Business Elevator?
Business Elevator is a nonprofit organization situated in Champaign, Illinois, committed to assisting new businesses. They offer vital support services to budding entrepreneurs, including financial aid through stipends for pitch competitions and business ventures. Furthermore, Business Elevator provides assistance with essential documentation and registration processes, making the endeavor of starting a new business more manageable. Their primary goal is to empower and empower new businesses, contributing to the local economy and entrepreneurial spirit in Champaign, IL.
Is Business Elevator legitimate?
Business Elevator is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Elevator submitted a form 990EZ, 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.
What is the mission statement of Business Elevator?
Business Elevator's mission is centered around supporting new businesses. They offer various services, including providing financial aid for pitch competitions and business initiatives, and assisting with documentation and registration processes. The organization's primary goal is to aid in the growth and establishment of new businesses, ultimately contributing to entrepreneurial success. Although the information does not specify, it can be inferred that Business Elevator aims to equip and empower emerging businesses with the necessary tools and resources to thrive in their respective industries.
Who is the CEO of Business Elevator?
Mark Pelmore is the Co-Founder of Business Elevator.
What is the revenue of Business Elevator?
Business Elevator's revenue in 2023 was $191,200.
Who are the executives of Business Elevator and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Business Elevator?
Business Elevator's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Business Elevator
Business Elevator, a nonprofit organization, is dedicated to aiding new businesses in their early stages. Its mission revolves around offering start-up support services to participants. This support includes providing stipends for pitch competitions and business ventures, as well as assistance with necessary documentation and registration processes. By doing so, Business Elevator plays a crucial role in empowering nascent businesses, thereby contributing to their growth and success.
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Impact
October, 2024
Business Elevator significantly impacts the entrepreneurial landscape in Champaign, IL, by empowering new businesses with essential start-up support services. By offering stipends for pitch competitions and various business endeavors, it fosters innovation and provides financial assistance to budding entrepreneurs, allowing them to pursue their business ideas with greater confidence.
Additionally, Business Elevator aids in navigating the complexities of documentation and registration, which can often be hurdles for newcomers in the business world. This support not only accelerates the start-up process for many but also contributes to a more vibrant and diverse local economy. By nurturing new ventures, Business Elevator plays a crucial role in community improvement, helping to stimulate economic growth and create job opportunities within the region.
This information is meant to be a general summary of Business Elevator. 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 2023.
- Gross Receipts: $191,200
Assets and Liabilities:
- Total Assets: $80,253
- Total Liabilities: $0
- Net Assets: $80,253
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Organization Details
Principal Officer
Mark Pelmore
Main Address
405 E HILL ST, CHAMPAIGN, IL, 618203815
NTEE Category
Code: S40 - Community improvement
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