Overview
What is Renaissance Entrepreneurship Center?
The Renaissance Entrepreneurship Center, located in San Francisco, California, is a dedicated nonprofit organization focusing on empowering individuals. In 2022, they served a diverse clientele, primarily lower-income individuals, people of color, and women, totalling 513 individuals. Their services were predominantly delivered virtually, proving effective for tech-savvy clients with adequate internet access. They offered training in technology basics, such as using Zoom, email, and Google Classroom, and provided Chromebooks to those reliant on their phones for internet. They also organized marketplaces, outdoor selling opportunities, and integrated a hybrid model of both in-person and online classes. Expanding their reach, they launched a new center in South San Francisco serving North San Mateo County, became the host of the U.S. Small Business Administration Small Business Development Center (SBDC) in San Mateo County, and opened a satellite office in San Jose, Santa Clara County. Their mission is to impact lives and communities positively through entrepreneurship.
Official website here: www.rencenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Renaissance Entrepreneurship Center has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency within its operations. The organization's accountability score is 96%, bolstered by a fully independent board and robust financial management practices. Notably, they have received perfect scores in areas such as culture and community, feedback collection and usage, and equity strategies, showcasing a strong commitment to their mission and the communities they serve.
User feedback from Great Nonprofits highlights the center's impactful role in the lives of individuals seeking entrepreneurial support. A volunteer praised the organization for its assistance in personal and professional development, particularly in business plan creation and incubation processes. The staff's friendliness and the center’s convenient downtown location further enhance the positive experiences reported by users.
While the overall ratings and feedback are overwhelmingly positive, it is essential to monitor areas such as the liabilities to assets ratio, which stands at 55.38%. This score, while not alarming, indicates that continued vigilance regarding financial health will be necessary as the organization grows and expands its services. Overall, Renaissance appears to be a well-managed nonprofit making significant contributions to entrepreneurial development.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Renaissance Entrepreneurship Center legitimate?
Renaissance Entrepreneurship Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Entrepreneurship Center 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: $199,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,602,306
For more financial information, click here
Official website here: www.rencenter.org
What is the mission statement of Renaissance Entrepreneurship Center?
The Renaissance Entrepreneurship Center, often referred to as Renaissance, is committed to making a significant impact through entrepreneurship. Their mission is to transform lives and communities by fostering entrepreneurial spirit. In 2022, they served a diverse group of individuals, primarily those from lower-income backgrounds, people of color, and women. They delivered their services predominantly online, finding success with virtual training and providing necessary technology equipment to clients. Additionally, they organized marketplaces and outdoor selling opportunities, and expanded their services by opening a new center and hosting the U.S. Small Business Administration Small Business Development Center.
Official website here: www.rencenter.org
Who is the CEO of Renaissance Entrepreneurship Center?
Sharon Miller is the Board Chair of Renaissance Entrepreneurship Center. The CEO's salary of Renaissance Entrepreneurship Center is $186,127 and their total compensation is $199,460.
Official website here: www.rencenter.org
What is the revenue of Renaissance Entrepreneurship Center?
Renaissance Entrepreneurship Center's revenue in 2022 was $5,570,660.
Official website here: www.rencenter.org
Who are the executives of Renaissance Entrepreneurship Center and what are their salaries?
The average compensation at Renaissance Entrepreneurship Center during 2022 was $62,261. There are 45 employees and 100 volunteers at Renaissance Entrepreneurship Center.
Here are 21 key members and their salaries (Renaissance Entrepreneurship Center's CEO's salary is $186,127 and their total compensation is $199,460):
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- Compensation: $186,127
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- Compensation: $136,663
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- Compensation: $108,932
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- Compensation: $107,289
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- Other: $2,452
- Compensation: $102,782
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- Other: $2,261
- Compensation: $101,744
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- Other: $29,190
Official website here: www.rencenter.org
Where can I find the form 990 for Renaissance Entrepreneurship Center?
Renaissance Entrepreneurship Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rencenter.org
Learn more at the official website: www.rencenter.org
Mission Statement of Renaissance Entrepreneurship Center
Renaissance Entrepreneurship Center, often referred to as Renaissance, is dedicated to making a significant impact in people's lives and communities through the power of entrepreneurship. Their mission is to transform lives in a holistic manner, going beyond just business ventures. By focusing on entrepreneurship, Renaissance aims to foster personal growth, economic independence, and community development. The organization serves a diverse population, with a majority of its clients being lower-income individuals, people of color, and women. Despite operating primarily online due to the current circumstances, Renaissance has managed to deliver its services effectively, using virtual platforms and providing necessary technology tools to its clients. They offer various training programs, ranging from basic technology skills to marketplace opportunities, and even launched a new center in South San Francisco to expand their reach. Renaissance's commitment to empowering individuals and communities through entrepreneurship truly embodies its mission of transformation.
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Impact
July, 2024
Renaissance Entrepreneurship Center's impact is significant. In 2022, Renaissance Peninsula served 513 individuals, with 94% of them being lower-income, 99% people of color, and 90% women. The organization's services, primarily delivered virtually, have been highly effective for clients who are adept at using technology. They provided training in technology basics and distributed Chromebooks to individuals who relied solely on their phones for internet access. Additionally, Renaissance organized marketplaces and outdoor selling opportunities for their clients and introduced a hybrid model of in-person and online classes.
Furthermore, Renaissance has expanded its services by launching a new center in South San Francisco, hosting the U.S. Small Business Administration Small Business Development Center (SBDC) in San Mateo County, and opening a satellite office in San Jose, Santa Clara County. Through these initiatives, Renaissance Entrepreneurship Center is making a tangible difference in transforming lives and communities through entrepreneurship.
This information is meant to be a general summary of Renaissance Entrepreneurship Center. 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 2022.
- Program Service Revenue: $349,938
- Gross Receipts: $5,685,751
Assets and Liabilities:
- Total Assets: $5,425,839
- Total Liabilities: $3,005,159
- Net Assets: $2,420,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Incubator Rent & Fees
Revenue
$341,519
Tuition/Program fees
Revenue
$8,419
Organization Details
Founding Year
1985
Phone
(415) 541-8580Principal Officer
Sharon Miller
Main Address
275 5th Street 2nd Floor, San Francisco, CA, 94103
Website
www.rencenter.orgNTEE Category
Code: S430 - Community improvement
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