Don Ryan Center For Innovation Inc

Organization Overview

Don Ryan Center For Innovation Inc is located in Bluffton, SC. The organization was established in 2012. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Don Ryan Center For Innovation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Don Ryan Center For Innovation Inc generated $581.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $448.3k during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE DON RYAN CENTER FOR INNOVATION IS DESIGNED TO SUPPORT NEW TECHNOLOGY COMPANY FORMATION AND DEVELOPMENT IN BLUFFTON, SC. THE PROGRAM BLENDS THE ATTRIBUTES OF HANDS-ON CONSULTING SUPPORT, RESOURCE IDENTIFICATION AND AVAILABILITY, AND LONG DISTANCE LEARNING TO HELP INCREASE THE PROBABILITY OF ENTREPRENEURS, WHO WE CALL INNOVATORS, TO BE SUCCESSFUL. THIS PROGRAM LINKS INNOVATORS TO INTELLECTUAL PROPERTY, TECHNOLOGY EVALUATION, PRODUCT DEVELOPMENT SERVICES, SEED FINANCING, BUSINESS MENTORSHIP, CORPORATE RELATIONSHIPS AND RECRUITING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HYBRID INTERNET/STOREFRONT INCUBATOR PROGRAM BLENDS THE ATTRIBUTES OF REAL-TIME DISTANCE ENTREPRENEURIAL LEARNING WITH HANDS ON CONSULTING SUPPORT. THIS PROGRAM LINKS COMMUNITIES TO INTELLECTUAL PROPERTY, TECHNOLOGY EVALUATION, PRODUCT DEVELOPMENT SERVICES, SEED FINANCING, BUSINESS MENTORSHIP, CORPORATE RELATIONSHIPS AND RECRUITING.


SUCCESSFULLY IMPLEMENTED THE HEROES PROGRAM FOCUSED ON ACTIVE, PRIOR SERVICE, AND RETIRED MILITARY AND FIRST RESPONDERS TO INCREASE OPPORTUNITIES OF HIGH-TECH EXPANSION IN OUR REGION THAT INCLUDES PROTOYPE/PRODUCT DEVELOPMENT UTILIZING THE FAB.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Levine
Executive Dir.
$90,000
Matt Green
Vice Chairman
$0
Walter Nester
Secretary
$0
Edward Taylor
Director
$0
Deborah Edmonson
Director
$0
Berl Davis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $371,447
All other contributions, gifts, grants, and similar amounts not included above$195,030
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$566,477
Total Program Service Revenue$7,205
Investment income $7,539
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $581,387

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Don Ryan Center For Innovation Inc has recieved totaling $2,500.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: PROGRAM/OPERATING SUPPORT

$2,500
View Grant Recipient Profile

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