Overview
What is Mortar Cincinnati?
Mortar Cincinnati is a nonprofit organization situated in Cincinnati, Ohio, with a mission to foster diverse communities by empowering historically underrepresented entrepreneurs. They offer various programs, such as the Mortar Entrepreneurship Academy, a comprehensive fifteen-week course for business beginners or growth seekers, Brick OTR, a dynamic pop-up shop that allows entrepreneurs to test their ideas in real-life scenarios, as well as an Alumni Program providing mentorship and support for 18 months post-graduation. Furthermore, Mortar Cincinnati offers access to capital in the form of loans and grants to ensure entrepreneurs have the necessary funds to establish their businesses. Overall, Mortar Cincinnati's objective is to create an inclusive business environment, enabling historically marginalized entrepreneurs to succeed and contribute to diverse communities.
Official website here: www.wearemortar.com
Is Mortar Cincinnati legitimate?
Mortar Cincinnati is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mortar Cincinnati 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: $176,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,689
For more financial information, click here
Official website here: www.wearemortar.com
What is the mission statement of Mortar Cincinnati?
Mortar, an organization, is committed to empowering underprivileged entrepreneurs and businesses to thrive. Their mission is to foster diverse communities by granting historically marginalized entrepreneurs access to the essential resources required to launch and manage successful businesses. Mortar offers various programs to achieve this goal, such as the Mortar Entrepreneurship Academy, a fifteen-week course for budding or growing entrepreneurs, Brick OTR, a pop-up shop for testing business ideas in real-time, and an Alumni program providing mentorship and support for 18 months post-graduation. Additionally, they offer Access to Capital, a program providing loans and grants to ensure entrepreneurs have the necessary financial backing to establish their businesses.
Official website here: www.wearemortar.com
Who is the CEO of Mortar Cincinnati?
Yvette Simpson is the Principal Officer of Mortar Cincinnati.
Official website here: www.wearemortar.com
What is the revenue of Mortar Cincinnati?
Who are the executives of Mortar Cincinnati and what are their salaries?
The average compensation at Mortar Cincinnati during 2022 was $39,846. There are 15 employees and 33 volunteers at Mortar Cincinnati.
Here are 14 key members and their salaries:
- Joseph Allen Woods (Director / Executive Director)
- Derrick Braziel (Director)
- Kala Gibson (President) [Trustee/Director]
- Ben Greenberg (Director)
- Stephanie Khurana (Director)
- Pranav Kothari (Vice President - Term Ended) [Trustee/Director]
- Shawn Manns (Treasurer) [Trustee/Director]
- Robert W Mcdonald (Director)
- Jake Samad (Director)
- Kashif Shaikh (Director)
- Yvette R Simpson Esqmba (Director)
- William Thomas (Director)
- Dr Nita Walker (Director)
- Ashlee Young (Secretary) [Trustee/Director]
Official website here: www.wearemortar.com
Where can I find the form 990 for Mortar Cincinnati?
The Mortar Cincinnati’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wearemortar.com
Learn more at the official website: www.wearemortar.com
Mission Statement of Mortar Cincinnati
Mortar Cincinnati, a nonprofit organization, is dedicated to empowering underprivileged entrepreneurs and businesses to thrive. Their mission is twofold: firstly, they aim to foster diverse communities by providing historically marginalized entrepreneurs with the necessary resources to launch and maintain successful ventures. Secondly, Mortar Cincinnati strives to create opportunities that contribute to community development through entrepreneurship.
To realize this mission, Mortar Cincinnati offers a range of programs. The Mortar Entrepreneurship Academy is a fifteen-week course designed for aspiring and growing business owners. This comprehensive program equips participants with the essential skills needed to establish and manage their businesses effectively.
Furthermore, Mortar Cincinnati operates Brick OTR, a continually evolving pop-up shop. This innovative platform gives entrepreneurs the chance to trial their business concepts in real-world scenarios, thereby reducing the risks associated with traditional start-ups.
In addition to these initiatives, Mortar Cincinnati provides an alumni program. This 18-month mentoring and support system connects interested graduates of the Mortar Entrepreneurship Academy with established entrepreneurs, fostering relationships that help the new business owners navigate the challenges of entrepreneurship.
Lastly, Mortar Cincinnati acknowledges the importance of capital in the success of businesses. To address this need, they offer a program that provides loans and grants to the entrepreneurs they serve. This financial assistance enables these entrepreneurs to establish their ventures and contribute positively to their communities.
In conclusion, Mortar Cincinnati is a nonprofit organization committed to enabling historically marginalized entrepreneurs to access the resources needed to start and run successful businesses. By doing so, they aim to foster diverse communities and contribute to community development through entrepreneurship.
Impact
This information is meant to be a general summary of Mortar Cincinnati. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Mortar Cincinnati's impact can be seen in the tangible outcomes of under-served entrepreneurs and businesses thriving and succeeding in creating opportunities to build communities through entrepreneurship. By providing access to resources, training, mentorship, and capital through programs like the Mortar Entrepreneurship Academy, Brick OTR, Alumni Program, and Access to Capital, Mortar Cincinnati plays a crucial role in empowering historically marginalized individuals to launch and sustain successful businesses. Through this work, Mortar Cincinnati is actively contributing to the economic empowerment and growth of Cincinnati, Ohio, and beyond.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CURRICULUM LICENSING FEES
Revenue
$417,500
ACADEMY, ALUMNI AND DESIGN FEES
Revenue
$71,775
SPONSORSHIP REVENUE
Revenue
$15,000
OTHER PROGRAM REVENUE
Revenue
$2,172
Organization Details
Founding Year
2014
Phone
(513) 888-4769
Principal Officer
Yvette Simpson
Main Address
340 Reading Road, Cincinnati, OH, 45202
Website
www.wearemortar.com
NTEE Category
Code: J19 - Employment
If you are a representative of Mortar Cincinnati 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.