Overview
What is Refraction Inc?
Refraction Inc, based in McLean, Virginia, is a thriving nonprofit organization situated at 7950 Jones Branch Dr, 8th Floor Nort. Its primary mission is to support the growth and development of startups and high-growth companies within the Washington, DC region. To accomplish this, Refraction provides valuable mentorship, innovative programs, and dedicated workspace, all aimed at fostering job creation. With a dedicated team of three individuals, Refraction Inc plays a significant role in nurturing the local entrepreneurial ecosystem.
Official website here: www.refraction.one/
Is Refraction Inc legitimate?
Refraction Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Refraction 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: $250,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,300
For more financial information, click here
Official website here: www.refraction.one/
What is the mission statement of Refraction Inc?
Refraction Inc, as a nonprofit innovation hub, is dedicated to supporting the growth and creation of jobs for startups and high-growth companies. They achieve this mission by offering mentoring, specialized programs, and providing workspace. This assists these companies in their development, ultimately contributing to the economic growth of their respective industries. By providing these resources, Refraction Inc aims to foster an environment that encourages innovation and entrepreneurship.
Official website here: www.refraction.one/
Who is the CEO of Refraction Inc?
Esther Lee is the President & Ceo of Refraction Inc. The CEO's salary of Refraction Inc is $246,757 and their total compensation is $302,460.
Official website here: www.refraction.one/
What is the revenue of Refraction Inc?
Who are the executives of Refraction Inc and what are their salaries?
The average compensation at Refraction Inc during 2022 was $103,767. There are 3 employees at Refraction Inc.
Here are 3 key members and their salaries (Refraction Inc's CEO's salary is $246,757 and their total compensation is $302,460):
- Esther Lee (President & Ceo) [Trustee/Director]
- James Quigley (Chairman) [Trustee/Director]
- Tien Wong (Secretary) [Trustee/Director]
Official website here: www.refraction.one/
Where can I find the form 990 for Refraction Inc?
The Refraction Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.refraction.one/
Learn more at the official website: www.refraction.one/
Mission Statement of Refraction Inc
Refraction, a nonprofit innovation hub, is dedicated to supporting the growth of startups and high-growth companies in the greater Washington, DC region. The organization's mission is multifaceted, encompassing the provision of mentoring, programs, and workspace. Refraction aims to foster an environment that empowers these companies to thrive, ultimately contributing to job creation within the region. By offering these resources, Refraction plays a significant role in nurturing the entrepreneurial spirit and promoting economic development in its community.
Impact
This information is meant to be a general summary of Refraction Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Refraction Inc's impact is seen in the growth and job creation it catalyzes within the greater Washington, DC region. By providing mentoring, programs, and workspace to startups and high-growth companies, Refraction Inc plays a key role in fostering innovation and economic development in the area. Its initiatives not only support the growth of these businesses but also contribute to the overall improvement of the community by creating employment opportunities and driving entrepreneurship in the region.
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.
Membership Fees
Revenue
$922,741
Sponsorships and grants
Revenue
$235,641
Organization Details
Founding Year
2018
Phone
(703) 712-7565
Principal Officer
Esther Lee
Main Address
7950 Jones Branch Dr 8th Floor Nort, McLean, VA, 22102
Website
www.refraction.one/
NTEE Category
Code: S30 - Community improvement
If you are a representative of Refraction 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.