Overview
What is Wayne Brown Institute?
Wayne Brown Institute is a nonprofit organization situated in Salt Lake City, Utah, specifically at 350 E 400 S. Its primary mission is to foster, encourage, and educate first-time entrepreneurs. They achieve this by imparting financial literacy, business practices, and job-seeking skills. The organization guides aspiring entrepreneurs in planning, constructing, and launching their startups or enterprises. The ultimate goal is to promote the growth of sustainable businesses, generate meaningful job opportunities, and stimulate economic development. This is accomplished through educational programs tailored for diverse entrepreneurs. With a team of five dedicated individuals, Wayne Brown Institute plays a significant role in nurturing the entrepreneurial spirit in the community.
Official website here: www.venturecapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Wayne Brown Institute has received a Three-Star rating from Charity Navigator, signifying a good level of accountability and financial health, with an overall score of 77%. The organization excels in accountability and finance, achieving a strong program expense ratio of 82.35% and a majority of independent board members. However, it lacks certain governance policies, including conflict of interest and whistleblower policies, which could raise concerns regarding organizational transparency.
On the positive side, the Institute demonstrates outstanding leadership and adaptability, with perfect scores in both categories. They have shown a significant commitment to leadership development, indicating a proactive approach in enhancing their operational capabilities. The high culture and community score of 98 reflects a strong alignment with their mission and community engagement efforts.
Despite these strengths, the organization faces challenges in its financial liabilities, indicated by a liabilities to assets ratio of 331.83%, which might suggest financial stability concerns. Overall, while the Wayne Brown Institute shows many positive attributes and a commitment to accountability, addressing the noted governance gaps may further enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wayne Brown Institute legitimate?
Wayne Brown Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne Brown Institute 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: $175,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $213,159
For more financial information, click here
Official website here: www.venturecapital.org
What is the mission statement of Wayne Brown Institute?
The Wayne Brown Institute is dedicated to supporting first-time entrepreneurs by providing them with essential education in areas such as financial literacy, business practices, and job-seeking skills. The organization's mission is to guide these individuals in planning, building, and launching their own startups or enterprises, with the aim of fostering sustainable businesses, creating meaningful employment opportunities, and contributing to economic development. The institute offers educational programs to a diverse group of entrepreneurs, with the ultimate goal of helping them establish successful ventures.
Official website here: www.venturecapital.org
Who is the CEO of Wayne Brown Institute?
Chris Badger is the Treasurer of Wayne Brown Institute. The CEO's salary of Wayne Brown Institute is $29,108 and their total compensation is $29,108.
Official website here: www.venturecapital.org
What is the revenue of Wayne Brown Institute?
Wayne Brown Institute's revenue in 2022 was $978,845.
Official website here: www.venturecapital.org
Who are the executives of Wayne Brown Institute and what are their salaries?
The average compensation at Wayne Brown Institute during 2022 was $77,798. There are 5 employees and 150 volunteers at Wayne Brown Institute.
Here are 14 key members and their salaries (Wayne Brown Institute's CEO's salary is $29,108 and their total compensation is $29,108):
- Compensation: $146,725
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- Compensation: $29,108
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Official website here: www.venturecapital.org
Where can I find the form 990 for Wayne Brown Institute?
Wayne Brown Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.venturecapital.org
Learn more at the official website: www.venturecapital.org
Mission Statement of Wayne Brown Institute
The Wayne Brown Institute is an organization dedicated to supporting first-time entrepreneurs. Its mission involves mentoring, nurturing, and educating these individuals. By teaching them essential skills such as financial literacy, business practices, and job-seeking techniques, the Institute guides them in planning, building, and launching their own startups or enterprises. The primary goal of Wayne Brown Institute is to foster sustainable businesses, generate meaningful employment opportunities for the workforce, and contribute to the overall improvement of economic development. The organization offers educational programs designed for diverse entrepreneurs, aiming to help them establish successful ventures that contribute positively to their communities.
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Impact
July, 2024
Wayne Brown Institute's impact lies in its dedication to mentoring, nurturing, and educating first-time entrepreneurs. By teaching financial literacy, business practices, and job-seeking skills, the organization empowers individuals to plan, build, and launch their own startups and enterprises. Through its educational programs, Wayne Brown Institute aims to support diverse entrepreneurs in building sustainable businesses, creating meaningful job opportunities, and contributing to economic development.
This information is meant to be a general summary of Wayne Brown Institute. 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: $106,154
- Gross Receipts: $978,845
Assets and Liabilities:
- Total Assets: $170,867
- Total Liabilities: $566,995
- Net Assets: -$396,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conf rev & entry fees
Revenue
$106,154
Organization Details
Phone
(801) 347-0646Principal Officer
Chris Badger
Main Address
350 E 400 S, SALT LAKE CTY, UT, 84111
Website
www.venturecapital.orgNTEE Category
Code: Z99 - Unknown
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