Eigerlab Nfp
- Assets
- $80.3k
- Revenue
- $386.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Loves Park, IL
- Founding
- 03/2016
- Data as of
- 06/2021
- EIN
- 47-2534715
Organization Overview
Eigerlab Nfp, operating under the name Niu Eigerlab, is located in Loves Park, IL. The organization was established in 2016. 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. Niu Eigerlab 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, Niu Eigerlab generated $386.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $565.9k during the year ending 06/2021. While expenses have increased by 10.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOCUSED TO ASSIST START UP, EARLY STAGE GROWTH AND EXPANDING EXISTING BUSINESSES, NIU EIGERLAB SERVES AS A ONE-STOP RESOURCE FOR BOTH NEW AND EXISTING ENTREPRENEURS AND INNOVATORS TO COMMERCIALIZE NEW IDEAS, INCREASE REVENUES AND PROFITS, PARTICIPATE IN PEER GROUPS, ACCESS BUSINESS SERVICES, UTILIZE DESIGN ENGINEERING AND ART-TO-PART RAPID PROTOTYPING SERVICES, LEARN NEW SKILLS, MEET WITH DEDICATED MENTORS, LINK TO QUALIFIED INVESTORS AND RECEIVE ASSISTANCE IN SELLING TO THE GOVERNMENT OR EXECUTING GLOBAL MARKET EXPANSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCT DEVELOPMENT - THE CENTER FOR PRODUCT DEVELOPMENT SERVES THE REGION WITH COMMERCIALIZATION AND ENGINEERING SUPPORT SERVICES.
BUSINESS SERVICES - ASSIST WITH BUSINESS PLANNING, STRATEGIC PLANNING, PEER TO PEER LEARNING, INVESTOR PRESENTATION PREPARATION, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Gerald C Blazey President | OfficerTrustee | 2 | $0 |
Dr Rena Cotsones Vice President | OfficerTrustee | 2 | $0 |
Cara Carlson Treasurer | Officer | 2 | $0 |
Karinne Bredberg Secretary | Officer | 2 | $0 |
Dr Balaji Rajagopalan Director | Trustee | 2 | $0 |
Dr Anne Kaplan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 | $386,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,250 |
| Office expenses | $8,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,757 |
| Travel | $721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,046 |
| Insurance | $3,160 |
| All other expenses | $0 |
| Total functional expenses | $565,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,337 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,900 |
| Total assets | $80,261 |
| Accounts payable and accrued expenses | $9,138 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,989 |
| Total liabilities | $25,627 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $54,634 |
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