Quatere

Organization Overview

Quatere is located in Salt Lake City, UT. The organization was established in 2014. According to its NTEE Classification (S30) the organization is classified as: 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. Quatere 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 12/2019, Quatere generated $240.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $323.8k during the year ending 12/2019. While expenses have increased by 14.7% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

QUATERE'S MISSION IS TO PROVIDE ECONOMIC FREEDOM FOR INDIVIDUALS THROUGH ENTREPRENEURSHIP. WE HELP ENTREPRENEURS CREATE PRODUCTS, SERVICES, FIRMS AND JOBS. QUATERE MAKES PEOPLE BETTER PEOPLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE IDENTIFY PROMISING CREATORS OF VALUE AND HELP THEM BE PRODUCTIVE. WE ORGANIZE THEM IN FOCUSED GROUPS TO CREATE OPPORTUNITIES, EVALUATE THOSE OPPORTUNITIES AND DETERMINE WHETHER THEY FIT THEIR OWN SKILL SETS. IN THIS BUSINESS INCEPTION PROGRAM WE TEACH PRECISION EXECUTION, HYPOTHESIS TESTING, REPORTING AND PROPER POVERNANCE TO OUR PARTICIPANTS. EDUCATIONAL EVENTS ARE RUN BY THE PARTICIPANTS THEMSELVES AND ARE EDUCATION FOCUSED, DESIGNED FOR THE CURRENT PROBLEMS THAT THE ENTREPRENEURS ENCOUNTER. FOR NEW REGIONS WE PROVIDE A SET OF OPENLY PUBLISHED DOCUMENTS AND BEST PRACTICES TO BUILD THEIR PROGRAM. FREQUENTLY OUR ALUMNI VISIT THESE NEW PROGRAMS TO COACH THE NEW DIRECTORS. SOMETIMES OUR ALUMNI BECOME DIRECTORS WHEN THEY MOVE TO NEW REGIONS AND BUILD PROGRAMS OF THEIR OWN. SOMETIMES WE PROVIDE MONEY FOR THESE PROGRAMS BUT TYPICALLY THEY BECOME FUNDED BY THE REGION. WE BUILD A SET OF TOOLS TO HELP DIRECTORS MANAGE THEIR PROGRAMS AND TO HELP US MEASURE THEIR SUCCESS.


QUATERE SEEKS TO CREATE AND IMPLEMENT ITS INNOVATIVE NEXT GENERATION EARLY STAGE UMBRELLA FUND TO INJECT MUCH NEEDED SUSTAINABLE FUNDING OPTIONS FOR EARLY STAGE AND STARTUP COMPANIES IN THE INTERMOUNTAIN REGION AND BEYOND. THE FUND IS EXPECTED TO RESULT IN NEW JOB CREATION AND INCRASE THE AVAILABILITY OF CAPITAL AND TECHNICAL ASSISTANCE TO EARLY STAGE COMPANIES IN THE REGION. THE FUND STRUCTURE WILL: PROVIDE STONG RETURNS; MEET CRA, SBA AND OTHER ECONOMIC DEVELOPMENT OBJECTIVES; HAVE STONG ALIGNMENT BETWEEN GENERAL PARTNERS AND LIMITED PARTNERS; AND ADDRESS THE MARKET DYNAMICS OF STARTUPS GETTING FARTHER WITH SMALLER AMOUNTS OF CAPITAL. QUATERE INTENDS TO CREATE A SEED FUND MODEL THAT CAN SUCCESSFULLY BE IMPLEMENTED IN OTHER SIMILAR MARKETS, AND INTENDS TO PUBLISH BEST PRACTICES FOR THE FUND IN THE CREATIVE COMMONS.


ECOSYSTEM MAPPING AND RESEARCH QUATERE, IN PARTNERSHIP WITH ENDEVOR INSIGHT, IS MAPPING UTAH'S ENTREPRENEURIAL ECOSYSTEM. TOGETHER, QUATERE AND ENDEVOR ARE PRODUCING THE FIRST COMPREHENSIVE ANALYSIS OF THE ENTREPRENEURIAL ECOSYSTEM THAT IS ESTABLISHING UTAH AS A HUB OF INNOVATION. MAPPING UTAH IS MODIELED AFTER ENDEAVOR'S MUCH-PUBLICIXED NYCTECHMAP. THE GOALS ARE TO: UNDERSTAND WHAT INFLUENCES AND DRIVES INNOVATION IN UTAH; PROVIDE A BASIS FOR ACADEMIC AND POLICY STUDIES. PRODUCE INTERACTIVE MAPS THAT ILLUSTRATE THE INFLUENCE OF VARIOUS ACTORS ON THE ENTRPENEURIAL ECOSYSTEM. FURTHER ESTABLISH UTAH AS A LEADER IN REGIONAL INNOVATION.


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Board, Officers & Key Employees

Name (title)Compensation
Mackenzie Maness
President
$4,000
Brent Sloan
Director
$0
Robert Wuebker
Director
$0
Bruce Tow
Director
$0
Carine Clark
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $221,509
All other contributions, gifts, grants, and similar amounts not included above$18,484
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$239,993
Total Program Service Revenue$0
Investment income $0
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 $239,993

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