Overview
What is Santa Fe Business Incubator?
Santa Fe Business Incubator (SFBI) is a nonprofit organization situated in Santa Fe, New Mexico. Its primary mission is to foster the growth of early-stage startups by offering resources and support. This includes coaching, advisory councils, seminars, workshops, community building, and access to professional facilities. These facilities include flexible offices, labs, manufacturing spaces, meeting rooms, and training areas. Resident clients can lease space at SFBI and enjoy 24/7 access to these resources. Affiliate clients, although not physically based at SFBI, can still participate in programming and have limited facility use. SFBI's ultimate goal is to contribute to a diverse and balanced economy in Santa Fe by nurturing emerging businesses, ultimately creating future income opportunities for the local community.
Official website here: www.sfbi.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Santa Fe Business Incubator has achieved a high level of accountability and finance, reflected in its impressive 96% score, which translates into a Four-Star rating. This score indicates a strong commitment to transparency and responsible financial practices. The evaluation shows that the organization has a solid independent board of directors, with 90% of its members being independent, ensuring effective governance.
Strengths highlighted include robust financial oversight mechanisms, as evidenced by full scores in areas such as audit and oversight, absence of material asset diversion, and a commendable liabilities to assets ratio of 5.84%. Additionally, the organization maintains a clear conflict of interest policy and a whistleblower policy, enhancing its ethical framework. A significant portion of its expenses, 79.31%, is directed towards programs, demonstrating a focus on achieving its mission.
While there are no significant limitations noted in the data, the focus on accountability and financial health indicates that the Santa Fe Business Incubator is well-positioned to continue serving its community effectively. The organization's transparency and governance practices are notable strengths that could foster trust and support from stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Santa Fe Business Incubator?
86% of reviewers on Facebook recommend the Santa Fe Business Incubator. Here is a summary of their reviews:
Many users express strong support for the services provided by SFBI, highlighting its commitment to assisting entrepreneurs at all stages of business development. The resources, including free workshops and guidance on navigating the complexities of starting and growing a company, are frequently praised. Reviewers appreciate the welcoming atmosphere and the supportive community that SFBI fosters.
Overall, those who have engaged with the nonprofit feel it is an invaluable resource for anyone interested in entrepreneurship, emphasizing that not utilizing the services offered could put potential business owners at a disadvantage. The reviews reflect a shared sentiment that SFBI is making a positive impact in the local business landscape.
This AI summary has been generated from reviews found on Facebook.
Is Santa Fe Business Incubator legitimate?
Santa Fe Business Incubator is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Fe Business Incubator 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: $134,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,853
For more financial information, click here
Official website here: www.sfbi.net
What is the mission statement of Santa Fe Business Incubator?
The Santa Fe Business Incubator aims to foster a diverse and balanced economy by nurturing emerging businesses. This is done with the objective of creating future income opportunities for individuals. The organization accomplishes this by providing coaching, advisory councils, seminars, workshops, and community-building activities. Resident clients of the incubator lease space within the facility, gaining access to a professional public-facing facility equipped with flexible offices, labs, manufacturing spaces, meeting and training rooms. Shared resources include high-speed internet, a reference library, equipment, supplies, and parking. Affiliate clients, even if they do not occupy a physical space on the incubator's campus, have access to all programming with limited facility usage.
Official website here: www.sfbi.net
Who is the CEO of Santa Fe Business Incubator?
Donna M Smith is the Treasurer of Santa Fe Business Incubator.
Official website here: www.sfbi.net
What is the revenue of Santa Fe Business Incubator?
Santa Fe Business Incubator's revenue in 2022 was $835,898.
Official website here: www.sfbi.net
Who are the executives of Santa Fe Business Incubator and what are their salaries?
The average compensation at Santa Fe Business Incubator during 2022 was $49,174. There are 5 employees and 10 volunteers at Santa Fe Business Incubator.
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- Compensation: $134,015
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- Other: $22,662
Official website here: www.sfbi.net
Where can I find the form 990 for Santa Fe Business Incubator?
Santa Fe Business Incubator's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfbi.net
Learn more at the official website: www.sfbi.net
Mission Statement of Santa Fe Business Incubator
Santa Fe Business Incubator, as a nonprofit organization, is committed to fostering a diverse and balanced economy. They achieve this by supporting the growth of emerging businesses, with the ultimate goal of providing future income opportunities for the local community. The organization accomplishes this by offering a range of resources and programs to early-stage startups. These resources include coaching, advisory councils, one-on-one and group engagement, seminars, workshops, and community-building activities.
Resident clients of Santa Fe Business Incubator have the privilege of leasing workspace within the organization. This space provides 24/7 access to a professional public-facing facility, complete with flexible offices, labs, manufacturing spaces, meeting and training rooms. The facility also offers shared resources such as high-speed internet, a reference library, equipment, supplies, and parking. Affiliate clients, who may not occupy a physical space on the incubator's campus, still have access to all programming and can make limited use of the facility.
In essence, Santa Fe Business Incubator serves as a hub for aspiring entrepreneurs, offering them the tools, guidance, and resources necessary to grow their businesses and contribute to a thriving local economy.
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Impact
July, 2024
The Santa Fe Business Incubator has a significant impact on the local community by nurturing and supporting emerging businesses to accelerate their growth. Through coaching, advisory councils, seminars, workshops, and access to various resources and facilities, the organization provides crucial support to startups in their early stages. By doing so, the Santa Fe Business Incubator contributes to the development of a diverse and balanced economy in Santa Fe, creating future income opportunities for residents. This proactive approach not only benefits individual entrepreneurs but also contributes to the overall economic development and vitality of the community.
This information is meant to be a general summary of Santa Fe Business Incubator. 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: $943
- Program Service Revenue: $425,423
- Gross Receipts: $835,898
Assets and Liabilities:
- Total Assets: $3,986,105
- Total Liabilities: $207,189
- Net Assets: $3,778,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS AND REIMBURSE
Revenue
$425,423
Organization Details
Founding Year
1995
Phone
(505) 424-1140Principal Officer
Donna M Smith
Main Address
3900 PASEO DEL SOL, SANTA FE, NM, 87507
Website
www.sfbi.netNTEE Category
Code: S30Z - Community improvement
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