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Innovation Connector Inc

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

EIN: 352216589 ✦ Muncie, IN ✦ Designated as a 501(c)(3)

Overview

What is Innovation Connector Inc?

Innovation Connector Inc, situated in Muncie, Indiana, serves as the primary advocate for the growth of technology-driven businesses in East Central Indiana. With a mission to attract technological firms, this nonprofit organization aims to enhance the economic prosperity of the region. Although the specifics of their schedule or events are not provided, their main focus is on fostering the creation of emerging technology companies. The nonprofit operates with a modest workforce of four individuals, demonstrating their commitment to this mission.


Official website here: www.innovationconnector.org

Is Innovation Connector Inc legitimate?

Innovation Connector Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Connector Inc 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: $313,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.innovationconnector.org

What is the mission statement of Innovation Connector Inc?

Innovation Connector Inc's mission is to serve as the primary sponsor in bringing technological firms into operation. In essence, they aim to foster the emergence of technology-driven companies that can contribute positively to the economy. Their activities are centered around assisting in the creation of these emerging tech companies, ultimately aiming to promote economic growth. In simpler terms, Innovation Connector Inc plays a crucial role in attracting tech firms and helping establish new technology-based businesses. This initiative is expected to bolster the economic growth of the respective community.


Official website here: www.innovationconnector.org

Who is the CEO of Innovation Connector Inc?

Ted Baker is the Chairman Of The Board of Innovation Connector Inc.


Official website here: www.innovationconnector.org

What is the revenue of Innovation Connector Inc?

Innovation Connector Inc's revenue in 2022 was $750,717.


Official website here: www.innovationconnector.org

Who are the executives of Innovation Connector Inc and what are their salaries?

The average compensation at Innovation Connector Inc during 2022 was $78,487. There are 4 employees at Innovation Connector Inc.

Here are 8 key members and their salaries:

    Theodore Baker (Executive Director)
  • Compensation: $148,464
  • Related: $0
  • Other: $0

    • Ronald Fauquher (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stefan Anderson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Borgmann (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Parson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Engel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Matt Marvel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.innovationconnector.org

    Where can I find the form 990 for Innovation Connector Inc?

    The Innovation Connector Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.innovationconnector.org

    Learn more at the official website: www.innovationconnector.org

    Mission Statement of Innovation Connector Inc

    Innovation Connector Inc, as the primary sponsor, is committed to attracting technological firms. Their mission is to foster the development of emerging technology-based companies in an aim to enhance the economic growth of the region. By providing assistance, Innovation Connector Inc plays a crucial role in establishing these tech-driven companies, ultimately contributing to the overall improvement of East Central Indiana's economy.

    Impact

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




    Thursday, August 15, 2024

    Innovation Connector Inc's impact lies in fostering the creation of emerging technology-based companies that are poised to enhance the economy of East Central Indiana. By serving as the primary sponsor to attract technological firms to the region, Innovation Connector Inc contributes to the growth and development of the local economy. Through its commitment to supporting innovation and entrepreneurship, the organization plays a key role in driving community improvement and creating opportunities for sustainable economic progress in East Central Indiana.





    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 2022.

  • Investment Income: $45
  • Program Service Revenue: $255,462
  • Gross Receipts: $750,717

    • Assets and Liabilities:
  • Total Assets: $2,711,069
  • Total Liabilities: $1,511,747
  • Net Assets: $1,199,322
  • Programs

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

    LEASE REVENUE

    Revenue

    $212,940

    SPECIAL EVENT INCOME

    Revenue

    $22,010

    CODING CONNECTOR

    Revenue

    $12,554

    MISC PROGRAM

    Revenue

    $4,358

    SEMINAR INCOME

    Revenue

    $3,600

    Organization Details

    Founding Year

    2001

    Principal Officer

    Ted Baker

    Main Address

    1208 WEST WHITE RIVER BLVD, MUNCIE, IN, 47303

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Innovation Connector Inc 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.