Business Invest In Growth

Organization Overview

Business Invest In Growth is located in Austin, TX. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Business Invest In Growth employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Invest In Growth 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 12/2021, Business Invest In Growth generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 10.5% 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

BIGAUSTIN ASSISTS SMALL BUSINESSES TO SUCCESSFULY GROW BY PROVIDING COMPREHENSIVE EDUCATION, TAILORED BUSINESS COUNSELING AND FLEXIBLE LOANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION ASSISTS INDIVIDUALS WITH AN INTEREST IN BUSINESS OWNERSHIP OF BUSINESS EXPANSION WHOSE ACCESS TO CREDIT AND/OR TO HIGH QUALITY BUSINESS TRAINING AND ON GOING SUPPORT IS LIMITED OR NON-EXISTENT AS A RESULT OF POVERTY, MINORITY OR GENDER STATUS, OR OTHER BARRIERS TO BUSINESS OPPORTUNITY. THROUGH THE SERVICES PROVIDED BY THE ORGANIZATION, ENTREPRENEURS GAIN ACCESS TO MARKETS, FINANCIAL LITERACY, MANAGEMENT SKILLS, AND INCREASED ACCESS TO FUNDING, THEREBY REDUCING THE GAP BETWEEN THE ADVANTAGED AND THE DISADVANTAGE.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Hodges
Board Member
$0
Manuel Morin
Treasurer
$0
Melvin Wrenn
Board Chair
$0
Donna Myers
Vice Chair
$0
Todd Reed
Board Member
$0
Alfred Jackson
Dev Chair
$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$234,253
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$234,253
Total Program Service Revenue$55,590
Investment income $551
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,857,884
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,152,903

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Business Invest In Growth has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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