Central Region Innovation and Commercialization Center Inc.
Central Region Innovation and Commercialization Center Inc.
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About this organization
Mission
To facilitate the creation, growth, recruitment and retention of science and technology/scalable companies within the central region of Kentucky.
About
The CRICC assisted entrepreneurs, startup companies, and existing businesses by providing the following services at no charge: business development consulting, mentoring, training, networking opportunities, funding guidance. These services are designed to grow, recruit, and retain companies in our region ultimately creating jobs and opportunities. In fiscal year 2019, we engaged approximately 30 new companies and supported the expansion of many of our existing client companies. We estimate that approximately 100 new full and part time jobs were created by our client companies. We also estimate the average annual salary for full-time jobs created is between $40,000 and $50,000. Our client companies raised an estimated $2m in private equity funding and total annual revenues is estimated to exceed $75m.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “To facilitate the creation, growth, recruitment and retention of science and technology/scalable companies within the central region of kentucky.”.
When explaining its purpose, the activities were described as: “To facilitate the creation, growth, recruitment and retention of science and technology/scalable companies within the central region of kentucky.”.
- The non-profit is legally allowed to operate in the state of KY, as reported.
- The filing provides the non-profit's address in 2020 as 2413 NASHVILLE ROAD B8, BOWLING GREEN, KY, 42101.
- The non-profit has a total of 1 employees, as reported on their form for 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is less than $100,000.
- Revenue less expenses is -$2,927.
- The CEO remuneration policy within the organization is not established through a review and endorsement from a neutral party.
- The organization has 4 independent voting members.
- The organization was formed in 2002.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $88,473 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
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