Startup Columbus Inc
- Assets
- $103.2k
- Revenue
- $358.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Columbus, GA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4442524
Organization Overview
Startup Columbus Inc is located in Columbus, GA. 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. As of 12/2023, Startup Columbus Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startup Columbus Inc 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, Startup Columbus Inc generated $358.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $359.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STARTUP COLUMBUS IS FOCUSED ON CULTIVATING A THRIVING ENTREPRENEURIAL ECOSYSTEM TO SUPPORT ENTREPRENEURS AND SUCCESSFUL STARTUPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIZPITCH IS A BUSINESS PITCH COMPETITION DESIGNED TO SUPPORT AND SPOTLIGHT INNOVATIVE ENTREPRENEURS. PARTICIPANTS PROGRESS THROUGH MULTIPLE ROUNDS, PRESENTING THEIR BUSINESS IDEAS TO A PANEL OF JUDGES. THE PROGRAM CULMINATES IN A FINAL PITCH EVENT, WHERE WINNERS IN THE PRE-REVENUE AND POST-REVENUE CATEGORIES RECEIVE SUBSTANTIAL FUNDING TO HELP LAUNCH OR EXPAND THEIR VENTURES.
HOSTED 3 COHORTS THAT GRADUATED 24 BUSINESSES. INCUBATED 34 BUSINESSES. ESTIMATED 235 JOBS CREATED THAT PRODUCED $2,279,813 IN TAXABLE REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Macminn Executive Dir. | OfficerTrustee | 40 | $86,917 |
Sherricka Day Director | Trustee | 1 | $0 |
Josh Brooks Director | Trustee | 1 | $0 |
Tabetha Getz Director | Trustee | 1 | $0 |
John Woolbright Treasurer | Trustee | 1 | $0 |
Ron Williams Chairman | 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 | $331,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,217 |
| Total Program Service Revenue | $27,718 |
| 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 | $358,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $56,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,917 |
| Compensation of current officers, directors, key employees. | $8,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,066 |
| Pension plan accruals and contributions | $4,895 |
| Other employee benefits | $1,246 |
| Payroll taxes | $10,233 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $166 |
| Fees for services: Accounting | $8,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,800 |
| Advertising and promotion | $38,800 |
| Office expenses | $13,826 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,477 |
| Travel | $1,141 |
| 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 | $11,542 |
| Insurance | $11,993 |
| All other expenses | $0 |
| Total functional expenses | $359,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,535 |
| 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 | $714 |
| Net Land, buildings, and equipment | $38,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,219 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,412 |
| Total liabilities | $4,412 |
| Net assets without donor restrictions | $57,088 |
| Net assets with donor restrictions | $41,719 |
| 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 | $103,219 |