Overview
What is Economic Growth Business Incubator?
Economic Growth Business Incubator (EGBI) is a nonprofit organization located in Austin, Texas, specifically at 1144 Airport Blvd, ZIP code 78702. Their primary mission is to empower and assist aspiring and existing business owners who encounter barriers in growing a successful enterprise. EGBI accomplishes this by offering comprehensive education, coaching, and support services. Their activities are centered around fostering entrepreneurship and financial literacy, aiming to help these business owners overcome their challenges and thrive in their respective industries. With a team of 9 dedicated individuals, EGBI is committed to making a tangible impact on the local business community.
Is Economic Growth Business Incubator legitimate?
Economic Growth Business Incubator is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Growth 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: $63,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,577
For more financial information, click here
What is the mission statement of Economic Growth Business Incubator?
The Economic Growth Business Incubator (EGBI) is dedicated to assisting aspiring and established business owners who encounter challenges in expanding their ventures successfully. Their mission, as stated, involves providing essential training, coaching, and support to these entrepreneurs. EGBI focuses on imparting knowledge in entrepreneurship and financial literacy, aiming to equip these individuals with the necessary tools to thrive in their business endeavors.
What is the revenue of Economic Growth Business Incubator?
Economic Growth Business Incubator's revenue in 2023 was $551,796.
Who are the executives of Economic Growth Business Incubator and what are their salaries?
The average compensation at Economic Growth Business Incubator during 2023 was $28,673. There are 10 employees and 65 volunteers at Economic Growth Business Incubator.
Here are 11 key members and their salaries:
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- Compensation: $57,821
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- Other: $718
Where can I find the form 990 for Economic Growth Business Incubator?
Economic Growth Business Incubator's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Economic Growth Business Incubator
Economic Growth Business Incubator, often referred to as EGBI, is committed to helping aspiring and established business owners overcome the challenges they face in growing their ventures successfully. Their mission, in essence, is to provide these entrepreneurs with the necessary education, coaching, and support they need to thrive. EGBI's activities are centered around fostering entrepreneurship and financial literacy, aiming to equip business owners with the knowledge and skills required to navigate the competitive business landscape.
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Impact
October, 2024
The Economic Growth Business Incubator (EGBI) plays a significant role in empowering aspiring and existing business owners, particularly those who encounter barriers to success. By offering comprehensive training and coaching in entrepreneurship and financial literacy, EGBI equips individuals with essential skills and knowledge necessary for thriving in the competitive business landscape.
EGBI’s educational programs help unlock potential by providing resources that promote effective business management and financial acumen. This focus on skill development not only enhances the potential for individual success but also contributes to the overall economic vitality of the Austin community.
Moreover, by supporting diverse entrepreneurs, EGBI fosters innovation and encourages the establishment of businesses that reflect the local cultural and social fabric. The organization's commitment to removing barriers allows for a more inclusive economic growth, benefiting not only the participants but also the broader community through job creation and enhanced economic diversity.
In summary, EGBI’s impact is profound, as it nurtures entrepreneurial talent and fosters a sustainable economic environment, ultimately leading to increased opportunities and prosperity within the Austin area.
This information is meant to be a general summary of Economic Growth 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 2023.
- Investment Income: $1,921
- Program Service Revenue: $192,109
- Gross Receipts: $570,977
Assets and Liabilities:
- Total Assets: $374,039
- Total Liabilities: $0
- Net Assets: $374,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING AND COACHING
Revenue
$136,407
BACK OFFICE SERVICES AND FEES
Revenue
$53,702
OTHER PROGRAM INCOME
Revenue
$2,000
Organization Details
Founding Year
2004
Principal Officer
Larissa Davila
NTEE Category
Code: B60 - Education
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