Independence Regional Ennovation Center Inc
- Assets
- $288.9k
- Revenue
- $231.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Independence, MO
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 81-2209930
Organization Overview
Independence Regional Ennovation Center Inc is located in Independence, MO. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Independence Regional Ennovation Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Regional Ennovation Center Inc 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENNOVATION CENTERS AIM IS TO PROVIDE A CONDUCIVE ENVIRONMENT FOR ENTREPRENEURS AND THEIR IDEAS TO THRIVE. THEY ARE COMMITTED TO OFFERING EVERY POSSIBLE OPPORTUNITY FOR BUSINESSES TO SUCCEED, ENABLING ENTREPRENEURS TO DEVELOP THEIR BUSINESSES TO THE BEST OF THEIR ABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENNOVATION CENTER, A NONPROFIT BUSINESS INCUBATOR BECOMING A HUB FOR STARTUP AND SMALL BUSINESSES.SINCE ITS INCEPTION, THE ENNOVATION CENTER HAS INCUBATED OVER 500 BUSINESSES, WHICH OUR CURRENT CLIENTS GENERATE OVER 200 JOBS. SINCE 2010, OUR CLIENTS HAVE GENERATED OVER $38 MILLION IN TAX REVENUE FOR THE STATE OF MISSOURI AND OVER $12 MILLION FOR THE CITY OF INDEPENDENCE. THE ENNOVATION CENTER SERVES THE KC REGION, AND ITS GRADUATES HAVE GONE ON TO CREATE THEIR OWN SPACES, CONTRIBUTING TO NOT ONLY INDEPENDENCES ECONOMY, BUT THE REGIONAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Dupree Executive Director | Officer | 40 | $55,417 |
Christina Leakey Director | Trustee | 0 | $0 |
Adam Kisler Director | Trustee | 0 | $0 |
Teresa Dorsch Director | Trustee | 0 | $0 |
Bridget Mccandless Director | Trustee | 0 | $0 |
Greg Mcghee Director | Trustee | 0 | $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 | $231,026 |
| 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 | $231,026 |
| 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 | $70,081 |
| Pension plan accruals and contributions | $4,008 |
| Other employee benefits | $14,552 |
| Payroll taxes | $25,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,960 |
| Advertising and promotion | $16,685 |
| Office expenses | $42,325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,698 |
| Travel | $2,612 |
| 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 | $2,957 |
| All other expenses | $31,513 |
| Total functional expenses | $258,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,885 |
| 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 | $288,885 |
| Accounts payable and accrued expenses | $6,502 |
| 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 | $363 |
| Total liabilities | $6,865 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $282,020 |
| Total liabilities and net assets/fund balances | $288,885 |