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Colab

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

EIN: 263934828 ✦ Chattanooga, TN ✦ Designated as a 501(c)(3)

Overview

What is Colab?

Colab, headquartered in Chattanooga, Tennessee, is a nonprofit organization that supports the growth and success of tech-focused startups in the greater Chattanooga area. Their primary mission is to boost startup viability by connecting entrepreneurs with necessary expertise, resources, and community connections. Through their mentorship-based program, GIGTANK 365, they target tech-enabled startups, focusing on the needs of founders and their companies. Colab's ultimate goal is to foster an innovative, inclusive, and thriving Chattanooga, recognizing the vital role entrepreneurship plays in this vision. With a team of 13 dedicated individuals, Colab empowers startups from launch to scale, contributing to the region's ongoing development.


Official website here: www.colab.com

Is Colab legitimate?

Colab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colab 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.

Here are some key statistics you may want to consider:

Executive Compensation: $83,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $418,737

For more financial information, click here


Official website here: www.colab.com

What is the mission statement of Colab?

Colab's mission is centered around boosting the success of startups in various sectors. They achieve this by connecting entrepreneurs with the necessary expertise, resources, and community support. Colab is committed to accelerating startups from their inception to growth, envisioning a thriving and innovative business ecosystem. They firmly believe that entrepreneurship plays a crucial role in this vision and strive to empower entrepreneurs daily. As part of their initiatives, Colab offers a mentorship-based program called GigTank 365, specifically designed for tech-driven startups, focusing on addressing the unique needs of founders and their companies.


Official website here: www.colab.com

Who is the CEO of Colab?

Tasia Malakasis is the Executive Director As Of 04/12/2021 of Colab.


Official website here: www.colab.com

What is the revenue of Colab?

Colab's revenue in 2021 was $650,371.


Official website here: www.colab.com

Who are the executives of Colab and what are their salaries?

The average compensation at Colab during 2021 was $38,667. There are 13 employees and 60 volunteers at Colab.

Here are 20 key members and their salaries:

    Lindsey Cox (Executive Director As Of 04/12/2021)
  • Compensation: $119,904
  • Related: $0
  • Other: $0

    • Marcus Shaw (Executive Director Through 4/11/2021)
  • Compensation: $44,712
  • Related: $0
  • Other: $0

    • Mattias Jannerbo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stefanie Crowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sheldon Grizzle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roy Keith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Mcknight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Hitchcock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Yu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mickey Cloud (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Santosh Sankar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Brock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebekah Sharpe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Lyons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deb Socia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charita Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Brown (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Travis Lytle (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wade Hinton (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard Harris (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.colab.com

    Where can I find the form 990 for Colab?

    The Colab’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.colab.com

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

    Mission Statement of Colab

    Colab, as an organization, is committed to enhancing the viability of startups in its surrounding region. Its mission is to connect entrepreneurs with the necessary expertise, resources, and community support. Colab envisions a dynamic, inclusive, and thriving environment in this region, believing that entrepreneurship plays a crucial role in achieving this vision. The organization's primary goal is to empower entrepreneurs daily, supporting their companies from inception to scale.

    As part of its mission, Colab operates a mentorship-based program called GigTank 365. This program is specifically designed for software and technology-driven companies in the region. The stage-gate mentoring program focuses on addressing the needs of tech-enabled startups, providing targeted support to founders. Colab's activities are driven by its commitment to accelerating startups and fostering a vibrant entrepreneurial ecosystem in the region.

    Impact

    This information is meant to be a general summary of Colab. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Colab's impact can be seen in the increased viability of startups in Chattanooga and the surrounding region. By connecting entrepreneurs with expertise, resources, and a supportive community, Colab plays a crucial role in helping startups thrive. The GIGTANK 365 program, a mentorship-based initiative designed for software and technology-backed companies, provides essential guidance and support for tech-enabled startups in the Chattanooga area. Through their stage-gate mentoring program, Colab targets founder and company needs, ensuring that startups have the necessary tools to succeed.

    Overall, Colab is dedicated to accelerating startups in the greater Chattanooga region, supporting companies from their initial launch to scaling up. Their vision of an innovative, inclusive, and thriving Chattanooga is supported by their belief that entrepreneurship is key to achieving this goal. By empowering startups on a daily basis, Colab is actively contributing to the growth and success of the local entrepreneurial ecosystem.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $0
  • Program Service Revenue: $200
  • Gross Receipts: $650,371

    • Assets and Liabilities:
  • Total Assets: $605,928
  • Total Liabilities: $23,735
  • Net Assets: $582,193
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM FEES

    Revenue

    $200

    Organization Details

    Founding Year

    2008

    Principal Officer

    Tasia Malakasis

    Main Address

    1100 MARKET STREET 100, CHATTANOOGA, TN, 37402

    NTEE Category

    Code: A20 - Arts

    If you are a representative of Colab and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.