Ignite Presque Isle

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

EIN: 861274227 ✦ Presque isle, ME ✦ Designated as a 501(c)(3)

Overview

What is Ignite Presque Isle?

Ignite Presque Isle is a nonprofit organization situated in Presque Isle, Maine, specifically at 436 Main Street. Their primary objective is to foster community revitalization and innovation by encouraging entrepreneurship. They have embarked on an innovative approach to serve their community by transforming a storefront property into a modern co-working space, which is currently undergoing an impressive renovation. This entrepreneurial hub complements existing businesses and services within the downtown district, aiming to unite the community for future generations. The organization is also involved in a unique collaboration with a service-based nonprofit and the restoration of the iconic Northeastland Hotel, contributing to the revitalization of the downtown area. With a workforce of 72 individuals, Ignite Presque Isle is dedicated to inspiring growth and innovation in Presque Isle.


Official website here: www.ignitepi.org

Is Ignite Presque Isle legitimate?

Ignite Presque Isle is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ignite Presque Isle 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $917,728

For more financial information, click here


Official website here: www.ignitepi.org

What is the mission statement of Ignite Presque Isle?

Ignite Presque Isle's mission is geared towards inspiring community revitalization and innovation by promoting entrepreneurship. They achieve this in a unique and creative manner, combining a service-based nonprofit with the restoration of a landmark hotel in the downtown area. Their primary project, the Innovation Center, serves as a hub for entrepreneurs, offering a cutting-edge co-working space that complements existing businesses and services in the district. The organization aims to foster an entrepreneurial spirit, bringing the community together for generations to come, as they transform the storefront property into a modern business hub.


Official website here: www.ignitepi.org

Who is the CEO of Ignite Presque Isle?

Lerae Kinney is the Ceo of Ignite Presque Isle. The CEO's salary of Ignite Presque Isle is $17,539 and their total compensation is $17,539.


Official website here: www.ignitepi.org

What is the revenue of Ignite Presque Isle?

Ignite Presque Isle's revenue in 2022 was $4,298,460.


Official website here: www.ignitepi.org

Who are the executives of Ignite Presque Isle and what are their salaries?

The average compensation at Ignite Presque Isle during 2022 was $12,746. There are 72 employees at Ignite Presque Isle.

Here are 9 key members and their salaries (Ignite Presque Isle's CEO's salary is $17,539 and their total compensation is $17,539):

    Lerae Kinney (Ceo)
  • Compensation: $17,539
  • Related: $0
  • Other: $0

    • Kallie Bard (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Beaulieu (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

    • Julie Libby (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

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

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


  • Official website here: www.ignitepi.org

    Where can I find the form 990 for Ignite Presque Isle?

    The Ignite Presque Isle’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ignitepi.org

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

    Mission Statement of Ignite Presque Isle

    Ignite Presque Isle, a nonprofit organization, is dedicated to inspiring community revitalization and innovation by promoting entrepreneurship. Their mission is to bring together various sectors of the community in an innovative and creative way, fostering an entrepreneurial spirit that will benefit generations to come. To achieve this, Ignite Presque Isle has initiated a project called the Innovation Center, which is transforming a storefront property into a cutting-edge co-working space. This entrepreneurial nexus, located in the heart of Presque Isle, aims to complement existing businesses and services, ultimately revitalizing the downtown district. By promoting entrepreneurship, Ignite Presque Isle seeks to foster a sense of community and encourage long-term growth and development.

    Impact

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




    Saturday, July 20, 2024

    Ignite Presque Isle's impact can be seen in the revitalization of downtown Presque Isle through its focus on promoting entrepreneurship and community innovation. By creating an innovative and creative space in the form of the Ignite PI Innovation Center, they are fostering a spirit of entrepreneurship in the community. This effort not only benefits existing businesses and services in the downtown district but also sets the stage for future generations to come together and contribute to the economic growth of the city. In essence, Ignite Presque Isle is helping to transform the heart of Presque Isle into a hub of business activity and community improvement.





    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: $1,935
  • Program Service Revenue: $952,761
  • Gross Receipts: $4,298,460

    • Assets and Liabilities:
  • Total Assets: $7,391,898
  • Total Liabilities: $1,257,028
  • Net Assets: $6,134,870
  • Programs

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

    HOTEL & EVENT CENTER

    Revenue

    $952,761

    Organization Details

    Founding Year

    2020

    Principal Officer

    Lerae Kinney

    Main Address

    436 MAIN STREET, PRESQUE ISLE, ME, 04769

    NTEE Category

    Code: S32 - Community improvement

    If you are a representative of Ignite Presque Isle 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.