Civic Intelligence

International Business Innovation

EIN 31-1428403 • 501(c)3 • Orlando, FL

Profile

To help communities enable their entrepreneurs to transform their dreams into innovative businesses that make global prosperity a reality. To accomplish this mission, inbia serves as a clearing house of information on the entrepreneurial support ecosystem. The association engages in many activities that support members' professional development.

PO Box 677279Orlando, FL 32867

www.inbia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.48x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$145,869

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

42%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

29%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$924,448

Up $272,444 (+42%) from 2021

Liabilities

Up

$694,703

Up $81,194 (+13%) from 2021

Net Assets

Up

$229,745

Up $191,250 (+497%) from 2021

Revenue

Up

$1,460,550

Up $327,167 (+29%) from 2021

Expenses

Up

$1,269,300

Up $270,067 (+27%) from 2021

Net Income

Up

$191,250

Up $57,100 (+43%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $509,380Liabilities 2011: $521,551Net Assets 2011: -$12,1712011Assets 2012: $408,876Liabilities 2012: $514,098Net Assets 2012: -$105,2222012Assets 2013: $368,917Liabilities 2013: $434,891Net Assets 2013: -$65,9742013Assets 2014: $431,728Liabilities 2014: $531,509Net Assets 2014: -$99,7812014Assets 2016: $693,747Liabilities 2016: $412,152Net Assets 2016: $281,5952016Assets 2017: $773,402Liabilities 2017: $689,752Net Assets 2017: $83,6502017Assets 2018: $495,606Liabilities 2018: $410,054Net Assets 2018: $85,5522018Assets 2019: $399,624Liabilities 2019: $468,319Net Assets 2019: -$68,6952019Assets 2020: $605,144Liabilities 2020: $700,799Net Assets 2020: -$95,6552020Assets 2021: $652,004Liabilities 2021: $613,509Net Assets 2021: $38,4952021Assets 2022: $924,448Liabilities 2022: $694,703Net Assets 2022: $229,7452022

Highlighted filing

2022

Assets$924,448
Liabilities$694,703
Net Assets$229,745

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,689,8962011Expenses 2012: $1,623,6352012Expenses 2013: $1,491,9442013Revenue 2014: $1,415,898Expenses 2014: $1,449,705Net Income 2014: -$33,8072014Revenue 2016: $1,411,556Expenses 2016: $1,624,679Net Income 2016: -$213,1232016Revenue 2017: $1,693,562Expenses 2017: $1,891,507Net Income 2017: -$197,9452017Revenue 2018: $1,741,830Expenses 2018: $1,739,928Net Income 2018: $1,9022018Revenue 2019: $1,492,934Expenses 2019: $1,522,174Net Income 2019: -$29,2402019Revenue 2020: $1,120,105Expenses 2020: $1,070,768Net Income 2020: $49,3372020Revenue 2021: $1,133,383Expenses 2021: $999,233Net Income 2021: $134,1502021Revenue 2022: $1,460,550Expenses 2022: $1,269,300Net Income 2022: $191,2502022

Highlighted filing

2022

Revenue$1,460,550
Expenses$1,269,300
Net Income$191,250

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 24, 2023
Return Version
2021v4.2
Gross Receipts
$1,460,550
Mission and Program Overview

Mission

To help communities enable their entrepreneurs to transform their dreams into innovative businesses that make global prosperity a reality to accomplish this mission, inbia serves as a clearing house of information on the entrepreneurial support ecosystem. The association engages in many activities that support members' professional development.

To empower entrepreneur support organizations by creating an impactful community through comprehensive resources, training, and thought leadership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$503,499$746,014▲ $242,515
Savings and Temporary Cash Investments$108,615$108,673▲ $58
Pledges and Grants Receivable$11,870$47,605▲ $35,735
Inventories for Sale or Use$944$944→ $0
Land, Buildings, and Equipment, Net$883$0▼ $883
Prepaid Expenses and Deferred Charges$5,497$516▼ $4,981
Total Assets$652,004$924,448▲ $272,444
Other Assets Total$20,696$20,696→ $0
Liabilities
Other Liabilities$355,751$296,301▼ $59,450
Deferred Revenue$113,800$259,108▲ $145,308
Accounts Payable and Accrued Expenses$58,289$73,783▲ $15,494
Mortgage Notes Payable Secured by Investment Property$85,669$65,511▼ $20,158
Total Liabilities$613,509$694,703▲ $81,194
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,495$209,745▲ $191,250
Net Assets With Donor Restrictions$20,000$20,000→ $0
Total Net Assets Fund Balance$38,495$229,745▲ $191,250
Total Liabilities and Net Assets / Fund Balance$652,004$924,448▲ $272,444

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$10,048$10,048

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$20,000---$20,000
2020$20,000---$20,000
2019$20,000---$20,000
2018$20,000---$20,000
2017$20,000---$20,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles RossPresident & CEOFT$140,235$5,634$145,869

Board Members and Trustees

NameTitle
Krista CoveyChair
Brad RickelmanFirst Vice Chair
Linda FowlerSecond Vice Chair
Adrian WallaceDirector
Amanda ChockoDirector
Angela Crane JonesDirector
Ariella LukachDirector
David FonsecaDirector
Eric SmithDirector
Esther VargasDirector
Lisa SmithDirector
Lynne HenkielDirector
Matt GardnerDirector
Paul RiserDirector
Wilson ChanDirector
Herman NyamungaSecretary
Steve DebrettoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,459
Program Service Revenue
$1,145,012
Investment Income
$195
Other Revenue
$9,884
Change in Net Assets
$191,250

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,460,550
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,460,550
Total Revenue per Form 990
$1,460,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$810,211
Salaries, Compensation, and Employee Benefits$459,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$236,355$39,638-$275,993
Current Officers, Directors, Trustees, and Key Employees$84,141$56,094-$140,235
Fees for Services Other$56,926$20,448-$77,374
Fees for Services Accounting-$60,745-$60,745
All Other Expenses$19,815$20,478-$40,293
Payroll Taxes$22,490$6,719-$29,209
Other Employee Benefits$10,512$3,140-$13,652
Occupancy$10,263$1,140-$11,403
Insurance$2,497$5,068-$7,565
Interest$3,464$3,464-$6,928
Other Expenses$5,137--$5,137
Travel$4,187--$4,187
Advertising$1,636--$1,636
Fees for Services Legal-$1,297-$1,297
Depreciation Depletion-$883-$883
Total Functional Expenses$1,050,186$219,114$0$1,269,300

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,269,300
Total Expenses per Audited Statements$1,269,300
Total Expenses per Form 990$1,269,300
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$206,309
Contingent Liabilities$89,992
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The organization contracted with the georgia institute of technology to provide bootcamp services in support of the la idea grant with the u.s. Department of state. Associated compensation was $15,000 and lynne henkiel is an employee of the georgia institute of technology. Molly mordocco is employed as manager of training and is the sister of lindsay schuenke, inbia's director of content. For the year ended 9/30/22, molly mordocco received $18,774 in compensation and lindsay schuenke received $66,033 in compensation.

Form 990, Part VI, Section A, Line 6

The association has members.

Form 990, Part VI, Section A, Line 7A

Directors shall be elected for a term of three years by the members of the association from a slate recommended by the nominating committee and approved by the board of directors.

Form 990, Part VI, Section B, Line 11B

A draft of form 990 is provided to the board of directors prior to filing the return. Once the board approves, form 990 is electronically filed with the irs.

Form 990, Part VI, Section B, Line 12C

Conflicts of interest are required to be disclosed annually by the directors and officer. Directors shall refrain from voting on all motions involving acceptance of contracts or award of work for which renumeration is made in which they have a direct personal or financial interest.

Form 990, Part VI, Section B, Line 15A

The determination of the president's compensation is the responsibility of the executive committee which makes a recommendation to the board of directors for final approval. The process includes an annual performance review and the study of comparable compensation data from peer institutions. In addition to the compensation factors described above, the recommendation for any particular year shall take into account the financial condition of the organization. The executive committee and the board of directors maintain a detailed record of the meetings and discussions relative to the executive compensation. Meanwhile, the president recommends the compensation of all employees, including "key employees" as part of the annual budget approval process. Key employee salaries are reviewed and approved by the board of directors in conjuction with the annual budget review process. Information described in the determination of the president's compensation is also used for determining compensation for "key employees". 2021 was the most recent year in which the process included review and approval by independent persons (the board of directors), comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

The organization provided its governing documents, conflict of interest policy and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
International Business Innovation
EIN
31-1428403
Phone
4079655653
Address
PO BOX 677279, ORLANDO, FL 32867

Signing Officer

Name
Charles Ross
Title
President/CEO
Phone
4079655653
Signed
2023-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Ross
Formed
1996
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
7
Volunteers
17

Preparer

Firm
Schafer Tschopp Whitcomb Et Al
Address
541 S ORLANDO AVENUE SUITE 312, MAITLAND, FL 32751
Preparer
Thomas R Tschopp
Phone
4078752760
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The association is exempt from income taxes under the provisions of section 501(c)(3) of the internal revenue code. Accordingly, no provisions for federal and state income taxes have been recorded in the accompanying financial statements. The association follows the standard for accounting for uncertain tax positions. As a result of the implementation, the association recognized no liability for unrecognized tax benefits. The association files as a tax-exempt organization. The association is not aware of any activities that would jeopardize its tax-exempt status. The association is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes.

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IRS990/Desc0EVENTS- INCLUDES THREE MAJOR CONVENINGS, INBIA'S INTERNATIONAL CONFERENCE ON BUSINESS INCUBATION (ICBI), E.BUILDERS FORUM, AND THE ADVANCE LEADERSHIP SUMMIT. ICBI BRINGS TOGETHER INDUSTRY PROFESSIONALS FROM ACROSS THE GLOBE TO EXPLORE TOPICS RELATED TO ENTREPRENEURIAL SUPPORT THROUGH EDUCATION SESSIONS, PEER DISCUSSIONS, AND NETWORKING OPPORTUNITIES. ICB WAS DELIVERED IN PERSON WITH OVER 260 ATTENDEES. ATTENDEES PARTICIPATED IN MODERATED PANEL PRESENTATIONS AND PLENARY SESSIONS. THE E. BUILDERS FORUM EXAMINES THE INTERSECTION OF ENTREPRENEUR SUPPORT AND ECOSYSTEM BUILDING WITHIN THE CONTENT OF ONE OR MORE COMMUNITIES WITHIN THE UNITED STATES. THE E. BUILDERS FORUM CONVENED OVER 60 ATTENDEES. THE ADVANCE LEADERSHIP SUMMIT FOCUSES ON TOPICS OF COMMUNITY AND ORGANIZATIONAL LEADERSHIP FOR EXECUTIVE MANAGERS OF ENTREPRENEUR SUPPORT ORGANIZATIONS. THE ADVANCED LEADERSHIP SUMMIT CONVENED OVER 40 ATTENDEES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECOND VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & CEO
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROFESSIONAL DEVELOPMENT - ENTREPRENEURIAL SUPPORT PROFESSIONALS FROM ACROSS THE WORLD PARTICIPATE IN INTENSIVE TRAINING ON VARIOUS TOPICS RELATED TO IMPROVING THE SUCCESS OF ENTREPRENEURS. THE TRAINING IS HELD IN CONJUCTION WITH THE ANNUAL CONFERENCE AND SOME COURSES ARE AVAILABLE ONLINE. ONLINE COURSES TYPICALLY TAKE TWO WEEKS TO COMPLETE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0RESEARCH GRANTS/CONTRACTS - GRANT ACTIVITY AND CONTRACTS TO ADVANCE THE STATE OF THE ENTREPRENEURSHIP SUPPORT INDUSTRY AND GENERATE RESEARCH DATA AND REPORTS TO SUPPORT ENTREPRENEUR SUPPORT PROFESSIONALS. INBIA OPERATES THE U.S. DEPARTMENT OF STATE-FUNDED, LA IDEA PROGRAM, TO HOST LATIN AMERICAN ENTREPRENEURS IN THE USA. INBIA ALSO OPERATES TWO GRANTS FROM THE KAUFMAN FOUNDATION TO INCLUDE AN INITIATIVE TO DESIGN AND LAUNCH A SHARED-LEADERSHIP INFRASTRUCTURE TO ADVANCE THE PRACTICE AND FIELD OF ENTREPRENEURSHIP ECOSYSTEM BUILDING AND AN INITIATIVE TO COLLECT AND DISTRIBUTE TOOLS AND RESOURCES FROM INBIA'S CONVENING EVENTS. AND LASTLY, INBIA OPERATED A JP MORGAN CHASE FOUNDATION-FUNDED GRANT TO EVALUATE THE EFFICACY OF A MERIT-BASED CLIENT INTAKE TOOL TO IMPROVE OUTCOMES FOR ENTREPRENEURS AND ENTREPRENEUR SUPPORT ORGANIZATIONS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0KNOWLEDGE SERVICES - BOOKS, ARTICLES, AND WHITE PAPERS ON PROVIDING CLIENT SERVICES AND RUNNING EFFECTIVE PROGRAMS FOR ENTREPRENEUR SUPPORT PROFESSIONALS. THE ONLINE BOOKSTORE INCLUDES BOOKS FOR PURCHASE FOR ENTREPRENEUR SUPPORT PROFESSIONALS.
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IRS990/PYProgramServiceRevenueAmt0833454
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01242950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01457852
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01553
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01322

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