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William M Factory Small Business Incubator

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

EIN: 911373010 ✦ Tacoma, WA ✦ Designated as a 501(c)(3)

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Overview

What is William M Factory Small Business Incubator?


Official website here: www.williamfactory.com

Is William M Factory Small Business Incubator legitimate?

William M Factory Small Business Incubator is a legitimate nonprofit organization registered as a 501(c)(3) entity. William M Factory Small 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: $85,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,963

For more financial information, click here


Official website here: www.williamfactory.com

What is the mission statement of William M Factory Small Business Incubator?

This mission statement is temporarily unavailable


Official website here: www.williamfactory.com

Who is the CEO of William M Factory Small Business Incubator?

Tim Strege is the Executive Director of William M Factory Small Business Incubator.


Official website here: www.williamfactory.com

What is the revenue of William M Factory Small Business Incubator?

William M Factory Small Business Incubator's revenue in 2023 was $441,325.


Official website here: www.williamfactory.com

Who are the executives of William M Factory Small Business Incubator and what are their salaries?

The average compensation at William M Factory Small Business Incubator during 2023 was $65,316. There are 2 employees and 50 volunteers at William M Factory Small Business Incubator.


Here are 5 key members and their salaries:


Tim Strege (Executive Director)
  • Compensation: $85,670
  • Related: $0
  • Other: $11,137
Dennis Joyce (Chair, Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arti O'Brien (Vice- Chair, Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsea Bjorkman (Secretary/Treasurer, Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Pace (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.williamfactory.com

Where can I find the form 990 for William M Factory Small Business Incubator?

William M Factory Small Business Incubator's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.williamfactory.com

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

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Impact




October, 2024

The William M Factory Small Business Incubator significantly impacts the local economy and community in Tacoma, WA, by fostering the growth of small businesses, particularly among underrepresented entrepreneurs. Over the past fiscal year, the Incubator has assisted more than 300 entrepreneurs through various workshops covering essential business topics such as finance, marketing, technology, and industry networking.

In addition to group training, more than 100 entrepreneurs received personalized, one-on-one counseling to help navigate the challenges of starting and expanding their enterprises. These individualized sessions included access to mentors, faculty referrals, and a range of valuable business resources that help enhance the entrepreneurs' chances of success.

The Incubator also partnered with Tacoma Community College to host an Idea & Pitch Competition, which attracted 20 aspiring entrepreneurs. Participants received training in presentation skills and preparation for venture investments, strengthening their ability to secure funding and thrive in a competitive landscape.

Overall, the Incubator plays a crucial role in driving economic revitalization in the area by empowering disadvantaged small business enterprises, creating jobs, and promoting community improvement.




This information is meant to be a general summary of William M Factory Small 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.

Revenue
$441,325 (2023)
Expenses
$265,335 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $304,427
  • Gross Receipts: $441,325

Assets and Liabilities:

  • Total Assets: $2,794,167
  • Total Liabilities: $27,373
  • Net Assets: $2,766,794

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Organization Details

Founding Year

1986

Principal Officer

Tim Strege

Main Address

8340 Sixth Avenue, Tacoma, WA, 98465

NTEE Category

Code: S31 - Community improvement

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