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  4. Russell Innovation Center for Entrepreneurs
EIN 81-0727619

Russell Innovation Center for Entrepreneurs

IRS 501(c) type
501(c)(3)
Num. employees
34
City
Atlanta
State
Georgia
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Russell Innovation Center for Entrepreneurship empowers entrepreneurs and innovators to create, invent, and learn while being engaged and motivated to develop game-changing new ideas to promote economic empowerment. It opened in 2019 with an initial 100 entrepreneurs in residence. Now, it is a functioning 40,000 square foot world-class facility located in Atlanta's historic Castleberry Hill community. Russell is a collaborative co-working ecosystem for both aspiring and established entrepreneurs.
Also known as...
The Herman J Russell Center for Innovation and Entrepreneurship
Total revenues
$17,312,188
2023
Total expenses
$9,337,231
2023
Total assets
$25,514,686
2023
Num. employees
34
2023

Program areas at Russell Innovation Center for Entrepreneurs

The 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 essential resources to support the growth of Atlanta's top entrepreneurial talent. By offering a supportive environment tailored to the needs of its members, RICE promotes sustainable business development, economic inclusion, and advancement of entrepreneurial skills, aligned with its mission to uplift and empower diverse business leaders.

Who funds Russell Innovation Center for Entrepreneurs

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Truist FoundationGeneral Operating$1,500,000
Ressler Gertz FoundationContribution$1,000,000
The Community Foundation for Greater AtlantaCommunity Improvement$652,466
...and 13 more grants received

Financials for Russell Innovation Center for Entrepreneurs

RevenuesFYE 12/2023
Total grants, contributions, etc.$16,041,261
Program services$1,263,840
Investment income and dividends$7,087
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$17,312,188

Organizations like Russell Innovation Center for Entrepreneurs

OrganizationLocationRevenue
Renaissance Entrepreneurship CenterSan Francisco, CA$7,685,266
Maryland Capital EnterprisesSalisbury, MD$6,094,228
TechTownDetroit, MI$6,792,234
SF New DealSan Francisco, CA$9,662,132
Allies for Community Business (A4CB)Chicago, IL$9,139,197
JumpStartCleveland, OH$22,585,465
Just Community / Andrew S White Sole MBRAustin, TX$5,602,468
Inquiring SystemsSanta Rosa, CA$11,115,177
Thread CapitalRaleigh, NC$7,228,789
New Economics for WomenLos Angeles, CA$10,445,467
Data update history
May 24, 2025
Received grants
Identified 3 new grant, including a grant for $652,466 from The Community Foundation for Greater Atlanta
January 20, 2025
Received grants
Identified 9 new grant, including a grant for $1,500,000 from Truist Foundation
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 6, 2025
Updated personnel
Identified 2 new personnel
November 25, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from The Bank of America Charitable Foundation
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
MembershipsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
504 Fair St SW
Atlanta, GA 30313
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Fulton County, GA
Website URL
russellcenter.org/ 
Phone
(404) 572-6725
IRS details
EIN
81-0727619
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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