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Passes our checks

Eigerlab NFP

EIN 47-2534715 · Rockford, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FOCUSED TO EDUCATE AND ASSIST START UP, EARLY STAGE GROWTH AND EXPANDING EXISTING BUSINESSES, NIU EIGERLAB SERVES AS A ONE-STOP RESOURCE FOR BOTH NEW AND EXISTING ENTREPRENEURS AND INNOVATORS TO COMMERCIALIZE NEW IDEAS, INCREASE REVENUES AND PROFITS, PARTICIPATE IN PEER GROUPS, ACCESS BUSINESS SERVICES, UTILIZE DESIGN ENGINEERING AND ART-TO-PART RAPID PROTOTYPING SERVICES, LEARN NEW SKILLS, MEET WITH DEDICATED MENTORS, LINK TO QUALIFIED INVESTORS AND RECEIVE ASSISTANCE IN SELLING TO THE GOVERNMENT OR EXECUTING GLOBAL MARKET EXPANSIONS.

Income
$22,465
Spending
$30,113
Spent on programs
93%
Reserves
14.3 months of spending
Largest source of income
fees for its services, 78%
Employees
0
Volunteers
0

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 89% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $13,968 spent. PRODUCT DEVELOPMENT - THE CENTER FOR PRODUCT DEVELOPMENT SERVES THE REGION WITH COMMERCIALIZATION AND ENGINEERING SUPPORT SERVICES.
  2. $13,969 spent. BUSINESS SERVICES - ASSIST WITH BUSINESS PLANNING, STRATEGIC PLANNING, PEER TO PEER LEARNING, INVESTOR PRESENTATION PREPARATION, AND MORE.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.