Overview
What is Startup Columbus?
Startup Columbus, based in Columbus, Georgia, located at 1190 Front Avenue, is a nonprofit organization dedicated to enhancing the entrepreneurial ecosystem in the greater Columbus area. They have successfully hosted four cohorts, graduating 43 businesses, with eight of these ventures continuing to thrive in their incubator space. These endeavors have led to the creation of approximately 109 jobs, generating a revenue of approximately $1.9 million. The organization's mission is to connect grassroots leaders with high-impact entrepreneurs, ultimately aiming to strengthen the entrepreneurial landscape in the region. With a small team of two employees, Startup Columbus plays a significant role in fostering business growth and innovation in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Startup Columbus has earned a solid Three-Star rating from Charity Navigator, reflecting a strong accountability and finance score of 83%. The organization has demonstrated good governance practices with an independent board comprised of 87% independent members and a well-sized board of seven independent members. Additionally, they have no material diversion of assets and maintain a solid liabilities to assets ratio of only 4.26%, indicating sound financial health.
Despite these strengths, Startup Columbus does have areas for improvement. Notably, they lack a whistleblower policy and a document retention and destruction policy, which scored zero points in those categories. While they meet expectations in several other governance metrics, addressing these missing policies could enhance their accountability and transparency further.
Overall, Startup Columbus shows a commitment to effective financial management and governance, but to boost their standing further, they should focus on implementing missing policies that ensure enhanced organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Startup Columbus legitimate?
Startup Columbus is a legitimate nonprofit organization registered as a 501(c)(3) entity. Startup Columbus 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: $62,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,140
For more financial information, click here
What is the mission statement of Startup Columbus?
Startup Columbus aims to enhance and strengthen the entrepreneurial ecosystem by connecting grassroots leaders with high-impact entrepreneurs. Their mission is to foster a conducive environment for business growth, nurturing a total of 43 businesses through four cohorts. Eight of these companies further prospered in the incubator space they facilitate. As a result, an estimated 109 jobs were created, generating approximately $1.9 million in revenue.
Who is the CEO of Startup Columbus?
Ben Macminn is the Executive Dir. of Startup Columbus.
What is the revenue of Startup Columbus?
Startup Columbus's revenue in 2022 was $210,133.
Who are the executives of Startup Columbus and what are their salaries?
The average compensation at Startup Columbus during 2022 was $34,473. There are 2 employees at Startup Columbus.
Here are 7 key members and their salaries:
- Compensation: $62,806
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Startup Columbus?
Startup Columbus's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Startup Columbus
Startup Columbus is an organization dedicated to enhancing and fortifying the entrepreneurial landscape of greater Columbus, Georgia. It achieves this by connecting grassroots leaders with high-impact entrepreneurs. The mission of Startup Columbus is multifaceted, aiming to shape and strengthen the local entrepreneurial ecosystem by bridging the gap between experienced leaders and innovative business owners. By doing so, Startup Columbus fosters an environment that encourages the growth and success of new businesses.
The organization's activities are centered around hosting cohorts and facilitating an incubator space. Through these initiatives, Startup Columbus has helped launch 43 businesses, with 8 of them continuing to thrive within the incubator. As a result, these ventures have created an estimated 109 jobs and generated approximately $1.9 million in revenue. By supporting these high-impact entrepreneurs, Startup Columbus plays a pivotal role in fueling the entrepreneurial ecosystem and driving economic growth in the community.
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Impact
October, 2024
Startup Columbus has made a significant impact on the entrepreneurial ecosystem of Greater Columbus, Georgia. By facilitating the growth of local businesses, it has hosted four successful cohorts, graduating 43 businesses, with 8 of these continuing into the incubator space. This initiative has led to the creation of approximately 109 jobs and has generated around $1.9 million in revenue. By connecting grassroots leaders with high-impact entrepreneurs, Startup Columbus actively shapes and strengthens the community, fostering economic growth and innovation in the region.
This information is meant to be a general summary of Startup Columbus. 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: $17,746
- Gross Receipts: $210,133
Assets and Liabilities:
- Total Assets: $102,610
- Total Liabilities: $3,534
- Net Assets: $99,076
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COStarters Revenue
Revenue
$17,746
Organization Details
Founding Year
2019
Phone
(706) 521-6122Principal Officer
Ben Macminn
Main Address
1190 Front Avenue, Columbus, GA, 31901
NTEE Category
Code: S30 - Community improvement
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