Neighborhood Self Employment Initiative, Inc.
Neighborhood Self Employment Initiative, Inc.
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About this organization
Mission
BOI promotes and inspires small business ownership among individuals who seek to improve their lives, the lives of their families, and their communities through self-generated income. BOI provides access to knowledge, skills, and resources to help individuals start or grow their own business. Though BOI serves all who seek its help, it targets those without access to the economic mainstream.
About
The Business Ownership Initiative (BOI), located in Indianapolis, helps Central Indiana residents start & grow businesses by providing business resources, business coaching and access to financing. Whether you are a first time entrepreneur, developing a plan for a startup business or a small business veteran looking for a small business loan, BOI can help. BOI's services include the following: Entrepreneurial Services for Women: The Central Indiana Women's Business Center (CIWBC) is a cooperative program that partners with the U.S. Small Business Administration (SBA) to promote the creation and growth of businesses by women entrepreneurs, proving education business resources, and access to capital. Business Coaching and Training: BOI provides one-on-one, personalized business coaching free of charge. BOI also offers business training workshops and online business courses to educate entrepreneur and small business owners on a variety of business related topics from marketing to cash flow analysis. Our business coaches are qualified individuals who help our clients move forward and create success. This free service is provided by staff, contractors, and volunteers. Business coaching is also available in Spanish and is provided due to the generous support of The Clowes Fund, Inc. Small Business Lending: BOI offers micro loans from $1,000-$100,000+ for available start-ups or existing businesses.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Business ownership initiative of indiana's mission is to provide services and support to emerging and existing business owners in the nine-county, indianapolis metropolitan area. the services include micro lending, business-training classes and workshops, one-to-one business counseling, life coaching, mentoring and assistance with locating and obtaining financial resources.”.
When detailing its functions, they were listed as: “Our mission is to help individuals grow and launch their own business through free one-to-one coaching, workshops and access to capital in central indiana”.
- According to the law, the state where the non-profit operates has been reported as IN.
- The filing specifies that the non-profit's address in 2020 was 111 Monument Circle 1950, Indianapolis, IN, 46204.
- As of 2020, the non-profit's form shows they have a total of 12 employees.
- 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 greater than $1,000,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$116,859.
- The remuneration plan for the CEO of the organization is not based on a review and endorsement process by an independent body.
- The organization elects its board members.
- The organization has 12 independent voting members.
- The organization was formed in 1997.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $694,887 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.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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