Overview
What is Middletown Area Chamber Foundation?
The Middletown Area Chamber Foundation is a nonprofit organization situated in Middletown, Delaware. Its primary focus is to foster entrepreneurship in the community through its most prominent project, the Middletown Business Incubator and Collaborative Workspace (MBI). This enterprise business center provides essential resources to budding entrepreneurs, acting as a hub for their growth and development. The MBI serves as the foundation's most significant activity, inspiring innovation and enterprise within Middletown.
Official website here: www.maccde.org
Is Middletown Area Chamber Foundation legitimate?
Middletown Area Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middletown Area Chamber Foundation 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.
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Official website here: www.maccde.org
What is the mission statement of Middletown Area Chamber Foundation?
The Middletown Area Chamber Foundation's primary mission lies in fostering entrepreneurship. They achieve this by operating the Middletown Business Incubator and Collaborative Workspace (MBI), serving as a hub for resources for entrepreneurs. This enterprise business center is their significant endeavor, designed to inspire and support new businesses in their growth journey. The foundation's activities, primarily centered around the MBI, aim to stimulate entrepreneurial spirit and provide a conducive environment for businesses to thrive.
Official website here: www.maccde.org
What is the revenue of Middletown Area Chamber Foundation?
Middletown Area Chamber Foundation's revenue in 2024 was $70,751.
Official website here: www.maccde.org
Who are the executives of Middletown Area Chamber Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.maccde.org
Where can I find the form 990 for Middletown Area Chamber Foundation?
Middletown Area Chamber Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.maccde.org
Learn more at the official website: www.maccde.org
Mission Statement of Middletown Area Chamber Foundation
The Middletown Area Chamber Foundation, as a driving force, operates the Middletown Business Incubator and Collaborative Workspace (MBI). This organization's primary mission lies in inspiring entrepreneurship. By offering resources and functioning as an enterprise business center, the Middletown Area Chamber Foundation empowers budding entrepreneurs within its significant activity, the MBI. The foundation's actions are instrumental in fostering a conducive environment for businesses to grow and thrive.
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Impact
October, 2024
The Middletown Area Chamber Foundation significantly impacts the local economy by operating the Middletown Business Incubator and Collaborative Workspace (MBI). This facility serves as a vital resource for entrepreneurs, providing them with the tools, support, and environment necessary to launch and grow their businesses. By fostering innovation and collaboration, the MBI inspires entrepreneurship and contributes to the overall economic development of Middletown, DE. The foundation plays a crucial role in nurturing new ventures, creating job opportunities, and encouraging community engagement in the entrepreneurial ecosystem.
This information is meant to be a general summary of Middletown Area Chamber Foundation. 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 2024.
- Program Service Revenue: $20,751
- Gross Receipts: $70,751
Assets and Liabilities:
- Total Assets: $64,782
- Total Liabilities: $0
- Net Assets: $64,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS INCUBATOR
Revenue
$15,710
SCHOLARSHIP FUND
Revenue
$4,640
SERVICES
Revenue
$401
Organization Details
Founding Year
2012
Principal Officer
William O'Neal
Website
www.maccde.orgNTEE Category
Code: B82 - Education
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