Civic Intelligence

Usccolumbia Technology Incubator

EIN 45-4165030 • 501(c)3 • Columbia, SC

Profile

This organization is formed exclusively

1225 Laurel StreetColumbia, SC 29201-5820

n/A

Siviq Scores

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

Liabilities / Assets

74th percentile

0.30x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

22nd percentile

-9.6%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$150,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-23%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

39th percentile

1.4%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Down

$340,947

Down $232,078 (-41%) from 2022

Liabilities

Down

$100,969

Down $114,972 (-53%) from 2022

Net Assets

Down

$239,978

Down $117,106 (-33%) from 2022

Revenue

Up

$946,846

Up $25,144 (+2.7%) from 2022

Expenses

Down

$1,037,293

Down $91,292 (-8.1%) from 2022

Net Income

Up

-$90,447

Up $116,436 (+56%) from 2022

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $105,908Liabilities 2012: $85,649Net Assets 2012: $20,2592012Assets 2013: $196,625Liabilities 2013: $45,752Net Assets 2013: $150,8732013Assets 2014: $186,946Liabilities 2014: $53,241Net Assets 2014: $133,7052014Assets 2015: $163,465Liabilities 2015: $117,091Net Assets 2015: $46,3742015Assets 2016: $114,174Liabilities 2016: $67,644Net Assets 2016: $46,5302016Assets 2017: $125,347Liabilities 2017: $69,262Net Assets 2017: $56,0852017Assets 2018: $291,005Liabilities 2018: $66,947Net Assets 2018: $224,0582018Assets 2019: $361,500Liabilities 2019: $77,309Net Assets 2019: $284,1912019Assets 2021: $748,327Liabilities 2021: $184,358Net Assets 2021: $563,9692021Assets 2022: $573,025Liabilities 2022: $215,941Net Assets 2022: $357,0842022Assets 2024: $340,947Liabilities 2024: $100,969Net Assets 2024: $239,9782024

Highlighted filing

2024

Assets$340,947
Liabilities$100,969
Net Assets$239,978

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $322,460Expenses 2012: $302,201Net Income 2012: $20,2592012Revenue 2013: $438,187Expenses 2013: $307,573Net Income 2013: $130,6142013Revenue 2014: $387,266Expenses 2014: $404,434Net Income 2014: -$17,1682014Revenue 2015: $833,857Expenses 2015: $864,774Net Income 2015: -$30,9172015Revenue 2016: $809,993Expenses 2016: $809,837Net Income 2016: $1562016Revenue 2017: $696,565Expenses 2017: $687,009Net Income 2017: $9,5562017Revenue 2018: $788,462Expenses 2018: $620,489Net Income 2018: $167,9732018Revenue 2019: $749,680Expenses 2019: $689,547Net Income 2019: $60,1332019Revenue 2021: $1,498,180Expenses 2021: $1,232,912Net Income 2021: $265,2682021Revenue 2022: $921,702Expenses 2022: $1,128,585Net Income 2022: -$206,8832022Revenue 2024: $946,846Expenses 2024: $1,037,293Net Income 2024: -$90,4472024

Highlighted filing

2024

Revenue$946,846
Expenses$1,037,293
Net Income-$90,447

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 6, 2025
Return Version
2024v5.2
Gross Receipts
$1,428,149
Mission and Program Overview

Mission

This organization is formed exclusively for educational and scientific purposes and to increase economic development in the Midlands Region of South Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$321,239$0▼ $321,239
Cash and Non-Interest-Bearing Accounts$164,758$286,962▲ $122,204
Accounts Receivable$31,725$53,985▲ $22,260
Total Assets$517,722$340,947▼ $176,775
Liabilities
Deferred Revenue$140,881$76,277▼ $64,604
Accounts Payable and Accrued Expenses$46,416$24,692▼ $21,724
Total Liabilities$187,297$100,969▼ $86,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$330,425$239,978▼ $90,447
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$330,425$239,978▼ $90,447
Total Liabilities and Net Assets / Fund Balance$517,722$340,947▼ $176,775

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$501,672$501,672
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick FinchExecutive DirectorPT$150,000$150,000

Board Members and Trustees

NameTitle
Timothy DavisChairman, Treasurer
Dr Dirk BrownVice Chairman
Chuck WhippleBoard of Directors
Daniel RickenmannBoard of Directors
Garrett DraganoBoard of Directors
Jeff RubleBoard of Directors
John F DeniseBoard of Directors
Lee MacIlwinenBoard of Directors
Pete StromBoard of Directors
Ryan ColemanBoard of Directors
Susan Edwards StromBoard of Directors
David ZalesneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$700,200
Program Service Revenue
$390,140
Investment Income
$7
Other Revenue
$-143,501
All Other Contributions
$260,000
Change in Net Assets
$-90,447

Audited Revenue Reconciliation

Revenue per Audited Statements
$946,846
Revenue Not Reported on Form 990
$515,225
Total Revenue per Audited Statements
$1,462,071
Total Revenue per Form 990
$946,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$879,223
Salaries, Compensation, and Employee Benefits$158,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$396,894$0$0$396,894
Other Salaries and Wages$118,101$39,969$0$158,070
Fees for Services Accounting$3,928$56,098$0$60,026
Other Expenses$16,178$7,104$0$23,282
Office Expenses$12,314$0$0$12,314
Insurance$2,403$1,804$0$4,207
Total Functional Expenses$913,193$124,100$0$1,037,293

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,552,518
Expenses per Audited Statements$1,037,293
Total Expenses per Form 990$1,037,293
Expenses Not Reported on Form 990$515,225
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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
Filing and Contact Details

Filer

Filer Name
USCColumbia Technology Incubator
EIN
45-4165030
Phone
8039312544
Address
1225 Laurel Street, Columbia, SC 29201-5820

Signing Officer

Name
Tim Davis
Title
Treasurer
Phone
8039312544
Signed
2025-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Davis
Formed
2011
Legal Domicile
Sc
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
25

Preparer

Firm
Randall L Raber CPA PA
Address
1920 Barnwell Street, Columbia, SC 29201
Preparer
Randall L Raber
Phone
8032542509
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A board meeting is called. The 990 is presented to the board for them to review and approve.

Pt VI, Line 18

The Board makes its documents available to the public upon request.

Pt VI, Line 19

The Board makes its documents available to the public upon request.

Pt VI, Line 12C

The Board constantly checks its members to make sure there is no conflict of interest that is not appropriately disclosed.

Pt VI, Line 2

Two board of directors members were married during the year 2018. The balance of the Board of Directors is aware of this and has deemed it not to be a direct conflict of interest.

Form 990, Part IX, Line 24E

Incubator industry resources 1443. 1443. 0. 0.

Form 990, Part IX, Line 24E

Bank fee 831. 831. 0. 0.

Form 990, Part IX, Line 24E

Hospitality 9755. 9755. 0. 0.

Form 990, Part IX, Line 24E

Other expenses and allocations 41815. 41815. 0. 0.

Form 990, Part IX, Line 24E

Programs 342988. 342988. 0. 0.

Form 990, Part IX, Line 24E

Licenses 62. 62. 0. 0.

Financial Statement Notes

Pt XI, Line 2D

Building Operations expense from Part VIII Line 6b 481303

Pt XI, Line 2D

Reimbursement included in income 33922 TOTAL 515225

Pt XII, Line 2D

Building operations expense from Part VIII Line 6b 481303

Pt XII, Line 2D

Reimbursement included in income 33922 TOTAL 515225

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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Occupancy rental income and expenses for organizations participating in the incubator program Income 337,802 Expenses 481,303
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0337802
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0569140
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01187054
IRS990/PYOtherRevenueAmt054754
IRS990/PYProgramServiceRevenueAmt0591615
IRS990/PYRevenuesLessExpensesAmt0-26659
IRS990/PYSalariesCompEmpBnftPaidAmt055114
IRS990/PYTotalExpensesAmt01242168
IRS990/PYTotalRevenueAmt01215509
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-90447
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-143501
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01090340
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0440200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0569140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0604140
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0821640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0882459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03317579
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0590200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0591615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0343900
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0651286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0388324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02565325
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0337802
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0330750
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0245091
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0186289
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0268710
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01368642
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0467
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt07251546
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01368202
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01491505
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01193131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01659215
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01539493
IRS990ScheduleA/Total509Grp/TotalAmt07251546
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07252013
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0501672
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0501672
IRS990ScheduleD/ExpensesNotReportedAmt0515225
IRS990ScheduleD/ExpensesSubtotalAmt01037293
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt0515225
IRS990ScheduleD/OtherRevenueAmt0515225
IRS990ScheduleD/RevenueNotReportedAmt0515225
IRS990ScheduleD/RevenueSubtotalAmt0946846
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Operations expense from Part VIII Line 6b 481303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Reimbursement included in income 33922 TOTAL 515225
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building operations expense from Part VIII Line 6b 481303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Reimbursement included in income 33922 TOTAL 515225
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01037293
IRS990ScheduleD/TotalRevenuePerForm990Amt0946846
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01462071
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01552518
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A board meeting is called. The 990 is presented to the board for them to review and approve.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board makes its documents available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board makes its documents available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board constantly checks its members to make sure there is no conflict of interest that is not appropriately disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Two board of directors members were married during the year 2018. The balance of the Board of Directors is aware of this and has deemed it not to be a direct conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Incubator industry resources 1443. 1443. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank fee 831. 831. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Hospitality 9755. 9755. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Other expenses and allocations 41815. 41815. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Programs 342988. 342988. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Licenses 62. 62. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

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