Business Innovation Factory

Organization Overview

Business Innovation Factory is located in Barrington, RI. The organization was established in 2006. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Business Innovation Factory employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Innovation Factory 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 12/2023, Business Innovation Factory generated $378.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $788.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SOLVING MAJOR PROBLEMS IN AREAS SUCH AS HEALTHCARE, EDUCATION, AND CITIZEN ACTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPERIENCE LABS - OUR WORK IS A MASHUP OF HUMAN-CENTERED DESIGN, RAPID PROTOTYPING, STORYTELLING AND ENGAGEMENT. WE DO PROJECT WORK WITH ORGANIZATIONS THAT ARE READY TO GO FROM TWEAKS TO TRANSFORMATION. WE OFFER STRATEGY, DESIGN AND CAPACITY SERVICES.


EXPERIENCE LABS - OUR WORK IS A MASHUP OF HUMAN-CENTERED DESIGN, RAPID PROTOTYPING, STORYTELLING AND ENGAGEMENT. WE DO PROJECT WORK WITH ORGANIZATIONS THAT ARE READY TO GO FROM TWEAKS TO TRANSFORMATION. WE OFFER STRATEGY, DESIGN AND CAPACITY SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Saul Kaplan
Chief Catalyst
$87,500
Donald Stanford
Treasurer
$0
Robert Taylolr
Secretary
$0
Mickey Ackerman
Director
$0
Lorne Adrian
Director
$0
Kare Anderson
Director
$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$791
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$791
Total Program Service Revenue$377,200
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 $377,991

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