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Northern Arizona Technology & Business Incubator Inc

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

EIN: 861019180 ✦ Flagstaff, AZ ✦ Designated as a 501(c)(3)

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Overview

What is Northern Arizona Technology & Business Incubator Inc?

Northern Arizona Technology & Business Incubator Inc, located at 2225 North Gemini Drive, Flagstaff, AZ 86001, is a nonprofit organization dedicated to fostering economic growth and creating job opportunities. By transforming startup companies into successful business ventures, it contributes to the expansion of the local tax base. With a team of nine individuals, this incubator provides an environment that nurtures emerging enterprises, ultimately contributing to the overall development and prosperity of the local community.


Official website here: www.moonshotaz.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Star rating)

Northern Arizona Technology & Business Incubator Inc has received a commendable score of 83%, indicating a solid performance in accountability and finance. The organization boasts a perfect score in the Culture & Community category, reflecting a strong commitment to community engagement and inclusivity. With a fully independent board of directors and effective oversight measures, it demonstrates transparency and good governance practices.

Despite its strengths, some areas for improvement have been identified. The charity lacks specific policies regarding whistleblower protection and document retention, which are critical for enhancing organizational accountability. Additionally, while the program expense ratio is respectable, it could benefit from further investment in program-related activities to maximize impact.

Overall, the organization's high scores in feedback collection and usage suggest a proactive approach to community and stakeholder engagement. With a commitment to equity strategies and a solid financial foundation, Northern Arizona Technology & Business Incubator Inc is positioned to continue making a positive difference in its community.


This AI summary has been generated from information found on Charity Navigator.

Is Northern Arizona Technology & Business Incubator Inc legitimate?

Northern Arizona Technology & Business Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Arizona Technology & Business Incubator 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: $129,976
Professional Fundraising Fees: $0
Other Salaries and Wages: $436,251

For more financial information, click here


Official website here: www.moonshotaz.com

What is the mission statement of Northern Arizona Technology & Business Incubator Inc?

The mission of Northern Arizona Technology & Business Incubator Inc is centered around fostering economic growth and creating job opportunities. They achieve this by transforming start-up companies into successful business ventures, thereby contributing to the expansion of the local tax base. This organization plays a crucial role in nurturing budding businesses, ultimately contributing to the overall economic development.


Official website here: www.moonshotaz.com

Who is the CEO of Northern Arizona Technology & Business Incubator Inc?

L Scott Hathcock is the President & of Northern Arizona Technology & Business Incubator Inc.


Official website here: www.moonshotaz.com

What is the revenue of Northern Arizona Technology & Business Incubator Inc?

Northern Arizona Technology & Business Incubator Inc's revenue in 2022 was $1,388,863.


Official website here: www.moonshotaz.com

Who are the executives of Northern Arizona Technology & Business Incubator Inc and what are their salaries?

The average compensation at Northern Arizona Technology & Business Incubator Inc during 2022 was $62,914. There are 9 employees at Northern Arizona Technology & Business Incubator Inc.


Here are 14 key members and their salaries:


L Scott Hathcock (President &)
  • Compensation: $110,062
  • Related: $0
  • Other: $8,342
Todd Davis (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mackenzie Fitz-Gerald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Friedman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Harrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Howardallen (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Johns (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Kalinich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Kaspryzk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Nordstrom (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Pierotti (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Reese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Romero (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Spangler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.moonshotaz.com

Where can I find the form 990 for Northern Arizona Technology & Business Incubator Inc?

Northern Arizona Technology & Business Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.moonshotaz.com

Learn more at the official website: www.moonshotaz.com

Mission Statement of Northern Arizona Technology & Business Incubator Inc

Northern Arizona Technology & Business Incubator Inc, a notable organization, is dedicated to facilitating economic growth and promoting job creation. Their mission lies in transforming start-up companies into successful business ventures, thereby contributing to the expansion of the local tax base. By providing an environment conducive to nurturing young businesses, this nonprofit plays a significant role in stimulating the economy and fostering innovation.

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Impact




July, 2024

Northern Arizona Technology & Business Incubator Inc plays a crucial role in facilitating economic growth, job creation, and the expansion of the local tax base by transforming startup companies into successful business ventures. This organization in Flagstaff, AZ, has a significant impact on the community improvement through its mission to support and nurture the growth of new businesses. By providing resources, guidance, and a supportive environment for startups, Northern Arizona Technology & Business Incubator Inc helps stimulate the local economy and create opportunities for both entrepreneurs and residents in the area. Its efforts contribute to building a more vibrant and sustainable business ecosystem in Northern Arizona.




This information is meant to be a general summary of Northern Arizona Technology & Business Incubator 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
$1,388,863 (2022)
Expenses
$1,397,009 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $25
  • Program Service Revenue: $618,750
  • Gross Receipts: $1,388,863

Assets and Liabilities:

  • Total Assets: $471,298
  • Total Liabilities: $289,724
  • Net Assets: $181,574

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACT REVENUE

Revenue

$603,000

EVENTS REVENUE

Revenue

$12,500

CLIENT PROGRAMS

Revenue

$3,250

Organization Details

Founding Year

2001

Principal Officer

L Scott Hathcock

Main Address

2225 NORTH GEMINI DRIVE, FLAGSTAFF, AZ, 86001

NTEE Category

Code: S43 - Community improvement

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