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Ferris Wheel Innovation Center

100K Ideas

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

EIN: 815434313 ✦ Flint, MI ✦ Designated as a 501(c)(3)

Overview

What is Ferris Wheel Innovation Center?

The Ferris Wheel Innovation Center, also known as 100K Ideas, is a nonprofit organization situated in Flint, Michigan. Their primary mission is to foster interest in STEAM (Science, Technology, Engineering, Arts, and Mathematics) among students by offering experimental education and practical training. Their goal is to assist inventors, innovators, and entrepreneurs in bringing their products from concept to market, thereby promoting economic stability in Flint. As a supportive community of student professionals led by a dynamic leadership team, they vet entrepreneurial ideas and provide guidance in business development, regardless of an individual's prior experience or background. With a team of 33 employees, they aim to alleviate the entrepreneurial burden, recognizing that the journey can be challenging.


Official website here: www.100kideas.org

Is Ferris Wheel Innovation Center legitimate?

Ferris Wheel Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferris Wheel Innovation Center 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: $163,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,059

For more financial information, click here


Official website here: www.100kideas.org

What is the mission statement of Ferris Wheel Innovation Center?

The Ferris Wheel Innovation Center is a non-profit organization dedicated to alleviating the challenges faced by innovators and entrepreneurs. Recognizing the complexity of entrepreneurship, the center aims to offer support. Led by a dynamic leadership team, this community of student professionals vets entrepreneurial ideas, offering assistance in business development, regardless of an individual's prior experience or background. Their mission is to help ease the burden of entrepreneurship, fostering an environment that encourages innovation and growth.


Official website here: www.100kideas.org

Who is the CEO of Ferris Wheel Innovation Center?

Brandee Cooke-Brown is the Executive Di of Ferris Wheel Innovation Center.


Official website here: www.100kideas.org

What is the revenue of Ferris Wheel Innovation Center?

Ferris Wheel Innovation Center's revenue in 2022 was $660,956.


Official website here: www.100kideas.org

Who are the executives of Ferris Wheel Innovation Center and what are their salaries?

The average compensation at Ferris Wheel Innovation Center during 2022 was $14,155. There are 33 employees and 49 volunteers at Ferris Wheel Innovation Center.

Here are 8 key members and their salaries:

    Brandee Cooke-Brown (Executive Di) [Trustee/Director]
  • Compensation: $86,157
  • Related: $0
  • Other: $0

    • Darrell Williams (Director Of)
  • Compensation: $76,915
  • Related: $0
  • Other: $0

    • Cathy Gentry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Hagerman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dylan Luna (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mia Mcneil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcus Rankins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Ollila (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.100kideas.org

    Where can I find the form 990 for Ferris Wheel Innovation Center?

    The Ferris Wheel Innovation Center’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.100kideas.org

    Learn more at the official website: www.100kideas.org

    Mission Statement of Ferris Wheel Innovation Center

    The Ferris Wheel Innovation Center is a non-profit organization committed to alleviating the challenges faced by innovators and entrepreneurs. Recognizing the complexities inherent in entrepreneurship, this community of student professionals and dedicated leaders aims to offer support. They vet and assess entrepreneurial ideas, providing a helping hand in the development of businesses, regardless of an individual's prior experience or background. The mission of the Ferris Wheel Innovation Center is to ease the burden of entrepreneurship, empowering innovators to bring their ideas to life.

    Impact

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




    Wednesday, July 24, 2024

    The Ferris Wheel Innovation Center's impact is seen in its mission to relieve the innovator of the entrepreneurial burden. By fostering interest in S.T.E.A.M (Science, Technology, Engineering, Arts, and Math) fields and providing practical training to students, the center is helping bring products from concept to market. This not only aids inventors, innovators, and entrepreneurs but also promotes economic stability in Flint, Michigan through innovation and entrepreneurship. The center's focus on education and practical guidance is empowering individuals from diverse backgrounds to pursue their entrepreneurial dreams and contribute to the local economy.





    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: $26,778
  • Gross Receipts: $660,956

    • Assets and Liabilities:
  • Total Assets: $399,602
  • Total Liabilities: $27,849
  • Net Assets: $371,753
  • Programs

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

    CLIENT PARTICIPATION FEES

    Revenue

    $26,778

    Organization Details

    Principal Officer

    Brandee Cooke-Brown

    Main Address

    601 SAGINAW STREET, FLINT, MI, 48502

    NTEE Category

    Code: B60 - Education

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