Midcity Accelerator Foundation Inc

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

EIN: 854102045 ✦ Huntsville, AL ✦ Designated as a 501(c)(3)

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Overview

What is Midcity Accelerator Foundation Inc?

Midcity Accelerator Foundation Inc. is a 501 C 3 nonprofit organization based in Alabama, committed to fostering economic development. Their primary mission is to facilitate community investment and nurture local business ecosystems, aiming to promote productivity, innovation, and job opportunities for all entrepreneurs, irrespective of their race, place, or gender. They achieve this through their partnership with gener8tor, a program that provides funding and resources to support the growth of the entrepreneurial ecosystem.

Is Midcity Accelerator Foundation Inc legitimate?

Midcity Accelerator Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midcity Accelerator Foundation 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.


Heare are some key statistics you may want to consider:

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

For more financial information, click here

What is the mission statement of Midcity Accelerator Foundation Inc?

The Midcity Accelerator Foundation Inc., a 501 C 3 organization, is dedicated to promoting community investment and fostering local business ecosystems. Their primary focus is on growing the entrepreneurial ecosystem, aiming to enhance productivity, innovation, and job opportunities. They strive to provide equal chances for entrepreneurs, irrespective of their race, place of origin, or gender. The foundation's mission is to facilitate this growth, ultimately benefiting the community as a whole.

Who is the CEO of Midcity Accelerator Foundation Inc?

Alan Duncan is the Director of Midcity Accelerator Foundation Inc.

What is the revenue of Midcity Accelerator Foundation Inc?

Midcity Accelerator Foundation Inc's revenue in 2022 was $963,000.

Who are the executives of Midcity Accelerator Foundation Inc and what are their salaries?

There 5 volunteers at Midcity Accelerator Foundation Inc.


Here are 3 key members and their salaries:


Maximilian J Grelier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Remy F Gross Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Midcity Accelerator Foundation Inc?

Midcity Accelerator Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Midcity Accelerator Foundation Inc

Midcity Accelerator Foundation Inc, a 501(c)3 organization based in Alabama, is dedicated to fostering community investment and nurturing local business ecosystems. Their mission is centered around growing the entrepreneurial landscape, aiming to boost productivity, innovation, and job opportunities. The foundation is committed to providing equal chances for entrepreneurs, regardless of their racial background, location, or gender. By facilitating this environment, Midcity Accelerator Foundation Inc aspires to contribute to a thriving and inclusive economic development scene.

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Impact




July, 2024

Midcity Accelerator Foundation Inc's impact can be seen in the growth and development of local business ecosystems in Huntsville, Alabama. By focusing on fostering the entrepreneurial ecosystem, the foundation is working towards increasing productivity, promoting innovation, and creating job opportunities for individuals in the community. Through programs like funding gener8tor, Midcity Accelerator Foundation Inc is dedicated to providing opportunities for all entrepreneurs, without regard to race, location, or gender. This commitment to community improvement is driving positive change and economic development in Huntsville.




This information is meant to be a general summary of Midcity Accelerator Foundation 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.

Revenue
$963,000 (2022)
Expenses
$948,107 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $963,000

Assets and Liabilities:

  • Total Assets: $1,045
  • Total Liabilities: $6,042
  • Net Assets: -$4,997

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Organization Details

Founding Year

2020

Principal Officer

Alan Duncan

Main Address

920 BOB WALLACE AVE SW 320, HUNTSVILLE, AL, 35801

NTEE Category

Code: S31 - Community improvement

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