Civic Intelligence

Mbe Incubator Fund Inc

EIN 35-2090479 • 501(c)4 • Indianapolis, IN

990-N Coverage

Profile

To assist and foster minority owned business

1 American Square Box 82001Indianapolis, IN 46282
Siviq Scores

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

Liabilities / Assets

73rd percentile

0.22x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

133333.33x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-160500%

Higher net margin than 1% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2014

Asset Growth

26th percentile

-2.1%

Faster asset growth than 26% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$1,840,248

Down $38,633 (-2.1%) from 2013

Liabilities

Flat

$400,000

Flat from 2013

Net Assets

Down

$1,440,248

Down $38,633 (-2.6%) from 2013

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$3

Down $3,779 (-100%) from 2013

Expenses

Down

$4,818

Down $14,162 (-75%) from 2013

Net Income

Up

-$4,815

Up $10,383 (+68%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,909,371Liabilities 2010: $400,000Net Assets 2010: $1,509,3712010Assets 2011: $1,896,449Liabilities 2011: $400,000Net Assets 2011: $1,496,4492011Assets 2012: $1,906,579Liabilities 2012: $400,000Net Assets 2012: $1,506,5792012Assets 2013: $1,878,881Liabilities 2013: $400,000Net Assets 2013: $1,478,8812013Assets 2014: $1,840,248Liabilities 2014: $400,000Net Assets 2014: $1,440,2482014

Highlighted filing

2014

Assets$1,840,248
Liabilities$400,000
Net Assets$1,440,248
Open 2014 Filing

Operations Trend

Revenue Growth1st percentile

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

$60K$40K$20K$0-$20KExpenses 2010: $41,4632010Expenses 2011: $32,0222011Expenses 2012: $18,8702012Revenue 2013: $3,782Expenses 2013: $18,980Net Income 2013: -$15,1982013Revenue 2014: $3Expenses 2014: $4,818Net Income 2014: -$4,8152014

Highlighted filing

2014

Revenue$3
Expenses$4,818
Net Income-$4,815
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,840,248
Liabilities
$400,000
Net assets
$1,440,248
Revenue
$3
Expenses
$4,818
Net income
-$4,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$1.84$0.40$1.44$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.88$0.40$1.48$0.00$0.02$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.40$1.51$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.40$1.50$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.40$1.51$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 15, 2015
Return Version
2014v5.0
Gross Receipts
$3
Mission and Program Overview

Mission

To assist and foster minority owned business

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,837,035$1,837,035→ $0
Savings and Temporary Cash Investments$34,502--
Cash and Non-Interest-Bearing Accounts$7,344$3,213▼ $4,131
Total Assets$1,878,881$1,840,248▼ $38,633
Liabilities
Grants Payable$400,000$400,000→ $0
Total Liabilities$400,000$400,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,478,881$1,440,248▼ $38,633
Total Net Assets Fund Balance$1,478,881$1,440,248▼ $38,633
Total Liabilities and Net Assets / Fund Balance$1,878,881$1,840,248▼ $38,633
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Lacy JohnsonChairman
Carl DrummerVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$-4,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,818
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,131--$4,131
Fees for Services Accounting-$675-$675
Office Expenses-$12-$12
Total Functional Expenses$4,131$687$0$4,818
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“Minutes are taken for every meeting.”

Committee meeting documentation Part VI line 8B

“Minutes are taken for every meeting”

Form 990 governing body review Part VI line 11

“The 990 is reviewed before filling”

Governing documents etc available to public Part VI line 19

“Documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
MBE Incubator Fund Inc
EIN
35-2090479
Address
1 American Square Box 82001, Indianapolis, IN 46282

Signing Officer

Name
Lacy Johnson
Title
Chairman
Phone
3172362209
Signed
2015-04-15
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
In
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
E M Hughes Associates
Address
8057 Windham Lake Dr, Indianapolis, IN 46214
Preparer
Robyn Hughes
Phone
3179179817
Raw XML Appendix242 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02016-04-25 22:37:26Z
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