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City Startup Labs Inc

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

EIN: 455028985 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is City Startup Labs Inc?

City Startup Labs Inc, situated in Charlotte, North Carolina, is a nonprofit organization with a singular mission. They establish a Center of Excellence for Entrepreneurial Competency, Innovation, and Leadership at the University of North Carolina at Charlotte. This center aims to educate, train, mentor, and coach young individuals of color and formerly incarcerated individuals, empowering them to become successful entrepreneurs. In doing so, City Startup Labs Inc contributes positively to these individuals' lives, their families, communities, and the country as a whole. Additionally, they host convenings for Black tech talent, further promoting entrepreneurial and workforce development. With a dedicated team of one, City Startup Labs Inc is committed to making a significant impact in the realm of business and community development.


Official website here: www.citystartuplabs.com

Is City Startup Labs Inc legitimate?

City Startup Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Startup Labs 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.citystartuplabs.com

What is the mission statement of City Startup Labs Inc?

City Startup Labs Inc's mission is centered around providing entrepreneurial, business, and workforce development training and coaching to young individuals from underrepresented communities, specifically Black Americans and formerly incarcerated individuals, with an interest in business ownership. The organization aims to equip these individuals with the necessary skills to become viable entrepreneurs, thereby contributing positively to their own lives, families, communities, and the country. City Startup Labs Inc also hosts convenings for Black tech talent. Furthermore, they are establishing the Center of Excellence for Entrepreneurial Competency, Innovation, and Leadership (COE) at the University of North Carolina at Charlotte.


Official website here: www.citystartuplabs.com

Who is the CEO of City Startup Labs Inc?

Henry Rock is the Co-Chair of City Startup Labs Inc.


Official website here: www.citystartuplabs.com

What is the revenue of City Startup Labs Inc?

City Startup Labs Inc's revenue in 2022 was $1,087,508.


Official website here: www.citystartuplabs.com

Who are the executives of City Startup Labs Inc and what are their salaries?

The average compensation at City Startup Labs Inc during 2022 was $100,000. There are 1 employees at City Startup Labs Inc.

Here are 6 key members and their salaries:

    Henry Rock (Executive Director)
  • Compensation: $100,000
  • Related: $0
  • Other: $0

    • Brian Lyght (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nia Rock (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liz Thomas-Hollier (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sondra Hines Yates (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robyn Massey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.citystartuplabs.com

    Where can I find the form 990 for City Startup Labs Inc?

    The City Startup Labs Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.citystartuplabs.com

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

    Mission Statement of City Startup Labs Inc

    City Startup Labs Inc is committed to providing an educational platform that equips young individuals from underrepresented communities, including Black Americans and formerly incarcerated individuals, with the necessary entrepreneurial, business, and workforce development skills. This nonprofit organization aims to transform these individuals into viable entrepreneurs, thereby positively impacting not only their lives but also their families, communities, and the nation at large.

    In addition to its training and coaching programs, City Startup Labs Inc also hosts convenings for Black tech talent. The organization's mission extends beyond individual empowerment, as it seeks to foster a supportive environment that encourages entrepreneurship and innovation among its participants. To further its mission, City Startup Labs Inc has established the Center of Excellence for Entrepreneurial Competency, Innovation, and Leadership (COE) at the University of North Carolina at Charlotte. This center serves as a hub for entrepreneurial education, research, and innovation, providing a comprehensive platform for the development of the next generation of entrepreneurs.

    Impact

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




    Saturday, July 20, 2024

    City Startup Labs Inc's impact includes providing instruction, training, mentoring, and coaching to prepare young persons of color and the formerly incarcerated to become viable entrepreneurs. By establishing the Center of Excellence for Entrepreneurial Competency, Innovation, and Leadership at the University of North Carolina at Charlotte, they are contributing to the development of entrepreneurial skills and leadership qualities in individuals from underrepresented communities. This initiative not only benefits the individuals themselves but also their families, communities, and the country as a whole in a fundamentally positive way. Additionally, by hosting convenings for black tech talent, City Startup Labs Inc is fostering a supportive environment for the growth and success of black entrepreneurs. Overall, their work focuses on entrepreneurial, business, and workforce development training and coaching for black Americans and formerly incarcerated individuals interested in business ownership.





    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: $0
  • Program Service Revenue: $504,777
  • Gross Receipts: $1,087,508

    • Assets and Liabilities:
  • Total Assets: $428,484
  • Total Liabilities: $31,819
  • Net Assets: $396,665
  • Programs

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

    PROGRAM SERVICE INCOME

    Revenue

    $504,777

    Organization Details

    Founding Year

    2016

    Principal Officer

    Henry Rock

    Main Address

    8816 CAVONNIER LANE, CHARLOTTE, NC, 28216

    NTEE Category

    Code: O53 - Youth development

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