Georgia Business Success Center Inc
- Assets
- $111.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 47-4443286
Organization Overview
Georgia Business Success Center Inc, operating under the name Ignitehq, is located in Kennesaw, GA. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Ignitehq is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IGNITEHQ CONNECTS STARTUPS AND ENTREPRENEURS WITH INTERNATIONAL ACCELERATOR, FUNDING OPPORTUNITIES AND TALENT TO SCALE GLOBALLY. WE ACCELERATE STARTUPS, CULTIVATE JOB GROWTH AND PROVIDE MARKET EXPANSION RESOURCES IN THE SOUTHEAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IGNITEHQ'S PURPOSE, IN PARTNERSHIP WITH KENNESAW STATE UNIVERSITY AND IN COLLABORATION WITH THE COBB CHAMBER OF COMMERCE, WAS TO BE NORTH GEORGIA'S ENTREPRENEURIAL HEADQUARTERS DEDICATED TO HELPING INVENTORS AND PROBLEM SOLVERS IGNITE TRANSFORMATIVE SOLUTIONS ON A GLOBAL SCALE. AS A HYBRID OF A MODERN-DAY BUSINESS INCUBATOR AND A CO-WORKING HUB, THE ORGANIZATION MET THE NEEDS OF INVENTIVE ENTREPRENEURS BY PROVIDING OFFICE SPACES OF ALL SIZES, COMMON AREAS AND SPECIAL EVENT SPACES, FREE EDUCATIONAL PROGRAMS AND TRAINING OPPORTUNITIES, ACCESS TO EXPERIENCED MENTORS AND ADVISORS, AND A DIRECTORY OF PARTNER SERVICE PROVIDERS AND CAPITAL INVESTORS. IN JUNE 2020, THE MEMORANDUM OF UNDERSTANDING BETWEEN THE ORGANIZATION AND KENNESAW STATE UNIVERSITY EXPIRED AND THE ORGANIZATION BEGAN WINDING DOWN OPERATIONS. DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION CONTINUED TO INVESTIGATE ALTERNATIVE PLANS TO CARRY OUT ITS MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Ayers Director | Trustee | 1 | $0 |
Rachel Ford Director | Trustee | 1 | $0 |
Jeremy Fort Director | Trustee | 1 | $0 |
Stephanie Carvajalino Director | Trustee | 1 | $0 |
Craig Ganssle Director | Trustee | 1 | $0 |
Mike Mahan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,333 |
| Advertising and promotion | $593 |
| Office expenses | $943 |
| Information technology | $176,487 |
| Royalties | $0 |
| Occupancy | $4,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,346 |
| All other expenses | $0 |
| Total functional expenses | $201,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,417 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,417 |
| Accounts payable and accrued expenses | $1,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,050 |
| Net assets without donor restrictions | $110,367 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $111,417 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Business Success Center Inc has recieved totaling $15,093.
| Awarding Organization | Amount |
|---|---|
Kennesaw State University Foundation Inc Kennesaw, GA PURPOSE: Financial Support | $15,093 |
Peer Organizations
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|---|---|---|
Southeast Coastal Ocean Observing Regional Association Charleston, SC | $1,939,455 | $5,560,971 |
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Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Better Business Bureau Of Nashville Middle Tennessee Inc Nashville, TN | $1,542,443 | $3,414,512 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
Better Business Bureau Of Southern Piedmont Inc Matthews, NC | $2,483,072 | $3,109,120 |
Center For Nonprofit Management Inc Nashville, TN | $2,067,333 | $2,514,298 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Better Business Bureau Of Eastern Nc Inc Raleigh, NC | $1,763,504 | $1,892,051 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
First Flight Venture Center Inc Research Triangle Park, NC | $1,951,913 | $2,093,987 |