Overview
What is Startup Bucks Inc?
Startup Bucks Inc, situated in Doylestown, PA, is a dedicated nonprofit organization committed to assisting early-stage startups. Their primary objective is to aid entrepreneurs in achieving success. They accomplish this through various initiatives, including the weekly forum 'Founder's 30', which invites entrepreneurs and supporters to present their startups, followed by valuable advice and support from an average of 40 attendees. Over 50 companies have showcased their projects in 2022 alone. Moreover, Startup Bucks manages the Bucks Built Accelerator Fund, investing $25,000 on behalf of Ida, to support promising early-stage startups. From an initial pool of 120 applicants, seven companies were selected to receive funding. This organization is instrumental in bolstering the growth and potential of emerging businesses.
Is Startup Bucks Inc legitimate?
Startup Bucks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Startup Bucks Inc 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 Startup Bucks Inc?
Startup Bucks Inc, as an organization, is committed to assisting early-stage startups in their success journey. They achieve this through various initiatives, such as the Founder's 30, a weekly event that offers entrepreneurs a platform to present their ideas, followed by advice and support from a network of around 40 attendees. Additionally, Startup Bucks administers the Bucks Built Accelerator Fund, investing $25,000 on behalf of Ida, to support promising startups. Out of the numerous applicants, seven companies were selected for funding in 2022. Overall, Startup Bucks Inc's mission is to foster an environment that aids entrepreneurs in overcoming challenges and growing their businesses.
Who is the CEO of Startup Bucks Inc?
Jonathan Mercer is the President of Startup Bucks Inc.
What is the revenue of Startup Bucks Inc?
Startup Bucks Inc's revenue in 2022 was $131,180.
Who are the executives of Startup Bucks Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990EZ for Startup Bucks Inc?
Startup Bucks Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Startup Bucks Inc
Startup Bucks Inc, a nonprofit organization, is dedicated to supporting early-stage startups. Its mission is centered around aiding entrepreneurs in achieving success. This is accomplished through various initiatives, including a weekly forum called Founder's 30. This event provides a platform for startups to present their ideas, followed by advice and support from an average of 40 attendees. In the year 2022, over 50 companies have benefited from this forum.
In addition to the weekly forum, Startup Bucks Inc manages the Bucks Built Accelerator Fund. This fund, backed by an investment of $25,000 from Ida, supports promising early-stage startups. Out of the 120 companies that applied, seven were selected for funding, demonstrating the organization's commitment to identifying and nurturing potential success stories. By providing these resources, Startup Bucks Inc plays a significant role in the entrepreneurial ecosystem, empowering innovators and contributing to the growth of new businesses.
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Impact
October, 2024
Startup Bucks Inc has made a significant impact on the entrepreneurial ecosystem, particularly in supporting early-stage startups. By providing a structured platform through the Founder's 30 forum, entrepreneurs gain direct access to advice and support from a community of peers and seasoned professionals. This initiative fosters collaboration and knowledge-sharing, which is vital for young businesses seeking guidance.
In 2022 alone, over 50 companies showcased their ideas at these forums, benefiting from the collective insights of an average of 40 attendees each week. This not only enhances the startups' market readiness but also strengthens community ties among entrepreneurs and supporters.
Moreover, Startup Bucks enhances the financial viability of promising startups through the Bucks Built Accelerator Fund. With $25,000 allocated for investment, the fund supports select companies that demonstrate potential for growth and innovation. Out of 120 applicants, only seven startups were chosen for funding, reflecting a selective and impactful approach that helps ensure those that receive support are well-positioned to succeed.
Overall, Startup Bucks Inc plays a crucial role in nurturing the entrepreneurial spirit in Doylestown, PA, empowering startups with resources, mentorship, and funding opportunities aimed at fostering long-term success.
This information is meant to be a general summary of Startup Bucks 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24
- Program Service Revenue: $75,000
- Gross Receipts: $131,180
Assets and Liabilities:
- Total Assets: $32,206
- Total Liabilities: $0
- Net Assets: $32,206
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Organization Details
Phone
(215) 369-3224Principal Officer
Jonathan Mercer
Main Address
54 E OAKLAND AVE, DOYLESTOWN, PA, 18901
NTEE Category
Code: P20 - Human services
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