100State Inc.

Overview

100State Inc. is a 501(c)(3) nonprofit organization located in Madison, Wisconsin. Founded in 2013, it operates as a collaborative workspace dedicated to empowering entrepreneurs, problem solvers, and creatives by fostering a supportive community environment.

Mission and Purpose

The mission of 100State is to unite and empower its community of innovators, providing a space where they can collaborate, inspire each other, and address local challenges through various events and programs. It aims to create a vibrant ecosystem that drives innovation and fuels entrepreneurial growth.

Activities and Services

100State offers a variety of coworking membership options, including day passes, hot desks, dedicated desks, and private offices. These memberships provide access to shared facilities such as printing services, conference rooms, kitchens, and event spaces. Beyond physical workspace, the organization hosts educational classes, mental health workshops, networking opportunities, and community events. These programs are designed to promote professional development and personal well-being among members.

Community Impact

100State has played a significant role in supporting local entrepreneurs and startups by providing them with a professional setting to work, network, and secure funding. The organization contributes to the economic growth of Madison by nurturing small businesses and fostering a diverse community of innovators. Its impact extends to mentoring students and promoting entrepreneurship, contributing to upward mobility among diverse companies in the area.

Financial Structure

As a nonprofit, 100State relies primarily on revenue from program services rather than donations. In recent years, the organization has experienced fluctuations in its financial structure, with program services accounting for a significant portion of its total revenue. The financial operations are reflected in annual reports filed with the IRS, detailing revenue sources and liabilities.

Leadership and Governance

The governance structure includes a board of directors responsible for overseeing the organization's strategy and operations. Key officers and members of the board are primarily volunteers who contribute their expertise to support the mission of 100State.