Home › Community improvement & capacity building
Russell Innovation Center for Entrepreneurs
Russell Innovation Center for Entrepreneurs reported $12.1 million in revenue and $12.1 million in expenses for calendar year 2024. Of every $100 it spent, $71.24 went to program services, $22.07 to management and general costs and $6.69 to fundraising. Its largest source of revenue was contributions and grants: 90.6% of the total. Government grants made up 12.3%. The highest compensation it reported for one person was $282,200 (President & CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 273% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 71.2% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.7% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 90.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 12.3% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 9.4% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $282,200 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.33% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Russell Innovation Center for Entrepreneurs (RICE) serves as a mission-driven collaborative hub dedicated to empowering Atlantas entrepreneurial community. Since opening in 2019 with an initial cohort of 100 Entrepreneurs in Residence, RICE has evolved into a 40,000-square-foot world-class facility located in Atlanta's historic Castleberry Hill district. This dynamic ecosystem connects both aspiring and established entrepreneurs through a customized curriculum and immersive corporate experiences. RICE actively fosters relationships between entrepreneurs and capital sources, providing…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Officer, 40.00 hrs/week | $282,200 | $0 | $0 | $282,200 |
| COO Officer, 40.00 hrs/week | $190,730 | $0 | $0 | $190,730 |
| CHIEF EXPERIENCE OFFICER Listed in Part VII, 40.00 hrs/week | $170,914 | $0 | $0 | $170,914 |
| COO Listed in Part VII, 40.00 hrs/week | $104,615 | $0 | $0 | $104,615 |
4 people received more than $100,000 in reportable compensation from Russell Innovation Center for Entrepreneurs (Part VII, line 2). Compensation of current officers, directors and key employees totaled $644K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 555
Private foundation grants it received
3 private foundations reported grants to Russell Innovation Center for Entrepreneurs totaling $550K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Russell Innovation Center for Entrepreneurs's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Russell Innovation Center for Entrepreneurs, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Russell Innovation Center for Entrepreneurs spent in 2024, $71.24 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Spruce RootJuneau, AK · revenue $12M · programs 79.4% · 2024
- John Paul II Shrine and InstituteNew Haven, CT · revenue $12M · programs 89.0% · 2024
- Red Por Los Derechos de LA Niez y LA Juventud de Puerto RicoSan Juan, PR · revenue $12M · programs 99.2% · 2024
- Neighborhood Development ServicesRavenna, OH · revenue $12M · programs 89.1% · 2024
- Greater Sacramento Area Economic CouncilSacramento, CA · revenue $12M · programs 81.2% · FY2025
All community improvement & capacity building charities · Largest charities in Georgia
Questions people ask
How much of Russell Innovation Center for Entrepreneurs's spending goes to programs?
In calendar year 2024, Russell Innovation Center for Entrepreneurs reported that 71.2% of its $12.1 million in expenses went to program services, 22.1% to management and general and 6.7% to fundraising (Form 990, Part IX).
How much does Russell Innovation Center for Entrepreneurs pay its top executive?
The largest total compensation Russell Innovation Center for Entrepreneurs reported for one person in calendar year 2024 was $282,200, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Russell Innovation Center for Entrepreneurs get its money?
Of $12.1 million in revenue in calendar year 2024, 90.6% came from contributions and grants (including 12.3% from government grants) and 9.4% from program service revenue (Form 990, Part VIII).
Is Russell Innovation Center for Entrepreneurs a registered charity?
The IRS lists EIN 81-0727619 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543239349301814 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349304954 · read the filing
- 2022: Form 990 for calendar year 2022 (amended), object 202440729349301829 · read the filing
- 2021: Form 990 for calendar year 2021 (amended), object 202321949349300042 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123199349317652 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013219349320861 · read the filing
All filings for EIN 81-0727619: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.