Georgia Business Success Center Inc
Nonprofit profile at a glance
- EIN
- 474443286
- IRS 990-EZ coverage
- 2021–2022
- Forms available
- Form 990 2020, Form 990-EZ 2022, Form 990-N 2015
- Location
- Kennesaw, GA, USA
- Phone
- 7706458440
- Rating confidence
- Limited
- Sector
- Business and Industry
Reported finances
- Revenue
- $0
- Expenses
- $2,773
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- JULIA AYERS (DIRECTOR)
- STEPHANIE CARVAJALINO (DIRECTOR)
- RACHEL FORD (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be north Georgia's entrepreneurial headquarters dedicated to helping inventors and problem solvers ignite transformative solutions on a global scale
What it reported doing in 2022
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. As of july 19, 2022, the organization ceased operations and formally dissolved.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -41.4% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -48.2% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2021 to 2022
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.