Civic Intelligence

Peninsula Technology Incubator

990 • Fiscal year 2014 • EIN 45-5282723

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 10, 2015

100 Exploration Way23666-6186

(757) 325-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

92nd percentile

0.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

55th percentile

5.4%

Higher net margin than 55% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

100th percentile

$356,127

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 134.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

86th percentile

61%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$96,341

Up $36,499 (+61%) from 2013

Net Assets

Up

-$27,320

Up $14,347 (+34%) from 2013

Liabilities

Up

$123,661

Up $22,152 (+22%) from 2013

Revenue

$264,114

No earlier filing loaded for comparison.

Expenses

Down

$249,767

Down $105,518 (-30%) from 2013

Net Income

$14,347

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2013: $59,842Liabilities 2013: $101,509Net Assets 2013: -$41,6672013Assets 2014: $96,341Liabilities 2014: $123,661Net Assets 2014: -$27,3202014Assets 2015: $100,369Liabilities 2015: $115,127Net Assets 2015: -$14,7582015Assets 2016: $70,497Liabilities 2016: $80,333Net Assets 2016: -$9,8362016Assets 2017: $54,780Liabilities 2017: $61,227Net Assets 2017: -$6,4472017Assets 2018: $90,845Liabilities 2018: $97,292Net Assets 2018: -$6,4472018Assets 2019: $118,660Liabilities 2019: $118,660Net Assets 2019: $02019Assets 2020: $94,419Liabilities 2020: $94,419Net Assets 2020: $02020Assets 2021: $25,391Liabilities 2021: $28,641Net Assets 2021: -$3,2502021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$96,341
Liabilities$123,661
Net Assets-$27,320

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2013: $355,2852013Revenue 2014: $264,114Expenses 2014: $249,767Net Income 2014: $14,3472014Revenue 2015: $297,428Expenses 2015: $284,866Net Income 2015: $12,5622015Revenue 2016: $281,060Expenses 2016: $276,140Net Income 2016: $4,9202016Revenue 2017: $250,825Expenses 2017: $247,436Net Income 2017: $3,3892017Revenue 2018: $257,434Expenses 2018: $257,434Net Income 2018: $02018Revenue 2019: $251,672Expenses 2019: $246,235Net Income 2019: $5,4372019Revenue 2020: $264,809Expenses 2020: $264,809Net Income 2020: $02020Revenue 2021: $247,491Expenses 2021: $250,741Net Income 2021: -$3,2502021Revenue 2022: $125,858Expenses 2022: $125,582Net Income 2022: $2762022

Highlighted filing

2014

Revenue$264,114
Expenses$249,767
Net Income$14,347
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 10, 2015
Return Version
2013v4.0
Gross Receipts
$264,114
Mission and Program Overview

Mission

The Peninsula Technology Incubator (PTI) was commissioned by the City of Hampton Industrial Development Authority (Hampton IDA) to nurture the start-up and growth of emerging technology businesses in the Hampton Roads area. The organization provides startups with the resources they need to position themselves as they implement their business plan and work towards raising capital.

Dedication to nourishing ideas into small business that are prepared to change the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,720$45,957▲ $41,237
Accounts Receivable$30,833$30,667▼ $166
Land, Buildings, and Equipment, Net$20,881$15,800▼ $5,081
Total Assets$59,842$96,341▲ $36,499
Other Assets Total$3,408$3,917▲ $509
Liabilities
Other Liabilities$55,569$53,155▼ $2,414
Deferred Revenue-$47,500-
Accounts Payable and Accrued Expenses$45,940$23,006▼ $22,934
Total Liabilities$101,509$123,661▲ $22,152
Net Assets / Fund Balance
Unrestricted Net Assets$-41,667$-27,320▲ $14,347
Total Net Assets Fund Balance$-41,667$-27,320▲ $14,347
Total Liabilities and Net Assets / Fund Balance$59,842$96,341▲ $36,499

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,800$9,605$25,405
Compensation and Service Providers

Board Members and Trustees

NameTitle
Douglas O StanleyDirector & President
Barry L BurksDirector
Karl L DrewsDirector & Secretary
Kerry L ChristianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,250
Program Service Revenue
$5,179
Investment Income
$1
Other Revenue
$35,684
All Other Contributions
$34,500
Change in Net Assets
$14,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$249,767
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
Fees for Services Management$152,731--$152,731
Occupancy-$60,616-$60,616
Office Expenses$598$4,526-$5,124
Depreciation Depletion-$5,081-$5,081
Fees for Services Other-$2,500-$2,500
Other Expenses$2,500$342-$342
Conferences and Meetings$148--$148
Travel$80--$80
Total Functional Expenses$175,429$74,338$0$249,767
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
Due to Niaa/niaf$53,155
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft form 990 is distributed to the board's finance & audit committee for comments and questions.

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

Peninsula technology incubator has in place an organizational conflict of interests policy that is used by management to monitor and enforce compliance within the corporation. The board of directors has in place board resolution 08-02 requiring board members, committee members, officers, and employees to report on an annual basis any potential conflict of interest that must be disclosed to the board. Directors, committee members, and officers will communicate any suspected violations of this code promptly to the chair and the president and executive director of the institute. Violations will be investigated by a person or persons designated by the chair and appropriate action will be taken in the event of any violations of the code.

Form 990, Part VI, Section B, Line 15

The organization relied on the national institute of aerospace associates, a related organization, that used the following techniques to establish the top management official's compensation: a compensation committee, compensation surveys or studies, and an approval by the board or compensation committee.

Form 990, Part VI, Section C, Line 19

Pti makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
45-5282723
Phone
7573256700

Signing Officer

Name
Kerry L Christian
Title
Treasurer
Phone
7573256700
Signed
2015-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Stanley
Formed
2011
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Preparer
Kellianne F Benson
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has evaluated tax positions that could have a significant effect on the financial statements and determined that the organization had no uncertain income tax positions at september 30, 2014.

Raw XML AppendixShowing 400 of 446 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt045940
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt023006
IRS990/AccountsReceivableGrp/BOYAmt030833
IRS990/AccountsReceivableGrp/EOYAmt030667
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEDICATION TO NOURISHING IDEAS INTO SMALL BUSINESS THAT ARE PREPARED TO CHANGE THE WORLD.
IRS990/AllOtherContributionsAmt034500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10DAVID MEYERS
IRS990/BooksInCareOfDetail/PhoneNum07573256741
IRS990/BooksInCareOfDetail/USAddress/AddressLine10100 EXPLORATION WAY
IRS990/BooksInCareOfDetail/USAddress/City0HAMPTON
IRS990/BooksInCareOfDetail/USAddress/State0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode023666
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04720
IRS990/CashNonInterestBearingGrp/EOYAmt045957
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0148
IRS990/ConferencesMeetingsGrp/TotalAmt0148
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0223250
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01
IRS990/CYOtherExpensesAmt0249767
IRS990/CYOtherRevenueAmt035684
IRS990/CYProgramServiceRevenueAmt05179
IRS990/CYRevenuesLessExpensesAmt014347
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0249767
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0264114
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt047500
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt05081
IRS990/DepreciationDepletionGrp/TotalAmt05081
IRS990/Desc0HAMPTON IDA GRANT: PTI PROVIDES CLIENTS WITH OFFICE ACCOMMODATIONS, ACCESS TO LABORATORIES, AND BUSINESS CONSULTING SERVICES. PTI ASSISTS CLIENTS WITH BUSINESS PLAN AND MARKETING DEVELOPMENT AND HAS CATALYZED THE ORGANIZATION OF A GROUP OF ANGEL INVESTORS (757ANGELS) TO INVEST IN SEED STAGE COMPANIES IN OUR REGION THUS ENSURING THAT PROMISING BUSINESSES HAVE ACCESS TO NECESSARY CAPITAL. PTI ALSO SUPPORTS ENTREPRENEURIAL EDUCATION AND OUTREACH IN THE HAMPTON ROADS AREA. PTI ENGAGES WITH NIA'S RESEARCHERS AND GRADUATE STUDENTS, AS WELL AS UNDERGRADUATE AND K-12 STUDENTS TO ADVANCE THE TECHNOLOGY COMMERCIALIZATION OBJECTIVES OF BOTH NIA AND THE CITY OF HAMPTON. PTI FOSTERS ENTREPRENEURIAL CLUBS AND BUSINESS PLAN COMPETITIONS AT FIVE LOCAL UNIVERSITIES AND COLLEGES, AND IS WORKING IN COLLABORATION WITH THE VIRGINIA VIRTUAL ENTERPRISE GROUP, THE VIRGINIA GOVERNOR'S SCHOOL FOR INNOVATION AND ENTREPRENEURSHIP, AND THE VIRGINIA STEM ACADEMY. PTI HAD A TOTAL OF 17 RESIDENT CLIENTS DURING THE 2014 FISCAL YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0153556
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0152731
IRS990/FeesForServicesManagementGrp/TotalAmt0152731
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt02500
IRS990/FeesForServicesOtherGrp/TotalAmt02500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt146491
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230811
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt322561
IRS990/Form990PartVIISectionAGrp/PersonNm0BARRY L BURKS
IRS990/Form990PartVIISectionAGrp/PersonNm1DOUGLAS O STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2KARL L DREWS
IRS990/Form990PartVIISectionAGrp/PersonNm3KERRY L CHRISTIAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1309636
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2182434
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3197939
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0188750
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0264114
IRS990/GrossRentsGrp/RealAmt035684
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09605
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020881
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015800
IRS990/LandBldgEquipCostOrOtherBssAmt025405
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PENINSULA TECHNOLOGY INCUBATOR (PTI) WAS COMMISSIONED BY THE CITY OF HAMPTON INDUSTRIAL DEVELOPMENT AUTHORITY (HAMPTON IDA) TO NURTURE THE START-UP AND GROWTH OF EMERGING TECHNOLOGY BUSINESSES IN THE HAMPTON ROADS AREA. THE ORGANIZATION PROVIDES STARTUPS WITH THE RESOURCES THEY NEED TO POSITION THEMSELVES AS THEY IMPLEMENT THEIR BUSINESS PLAN AND WORK TOWARDS RAISING CAPITAL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-41667
IRS990/NetAssetsOrFundBalancesEOYAmt0-27320
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt035684
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt035684
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt060616
IRS990/OccupancyGrp/TotalAmt060616
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04526
IRS990/OfficeExpensesGrp/ProgramServicesAmt0598
IRS990/OfficeExpensesGrp/TotalAmt05124
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03408
IRS990/OtherAssetsTotalGrp/EOYAmt03917
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0START! PENINSULA
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11075
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2342
IRS990/OtherExpensesGrp/ProgramServicesAmt019372
IRS990/OtherExpensesGrp/ProgramServicesAmt12500
IRS990/OtherExpensesGrp/TotalAmt019372
IRS990/OtherExpensesGrp/TotalAmt12698
IRS990/OtherExpensesGrp/TotalAmt21075
IRS990/OtherExpensesGrp/TotalAmt3342
IRS990/OtherLiabilitiesGrp/BOYAmt055569
IRS990/OtherLiabilitiesGrp/EOYAmt053155
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DOUGLAS STANLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0START!PENISULA
IRS990/ProgramServiceRevenueGrp/Desc1SMALL BUSINESS ADMIN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12500
IRS990/ProgSrvcAccomActy2Grp/Desc0START! PENINSULA IS A 54-HOUR-LONG "MOSH PIT OF BUSINESS," BRINGING TOGETHER DOZENS OF PASSIONATE ENTREPRENEURS AND BUSINESS LEADERS UNDER ONE ROOF WITH ONE PURPOSE: TO IDENTIFY THE BEST IDEAS AND CREATE NEW BUSINESSES WITHIN ONE WEEKEND. START! PENINSULA COMBINES THE COLLABORATIVE EFFORTS OF PEOPLE WHO HAVE GREAT BUSINESS IDEAS WITH PROFESSIONALS WITH DESIGN TALENT, PROGRAMMING EXPERIENCE, MANAGEMENT KNOW-HOW, MARKETING SKILL, OR INVESTMENT CAPITAL. TOGETHER WE CAN THINK IT, START IT AND GROW IT! AT START! PENINSULA YOU CAN ACCESS THE TOOLS, RESOURCES AND TALENT YOU NEED TO GET YOUR IDEA OFF THE DRAWING BOARD AND INTO THE MARKETPLACE. PARTICIPANTS WILL HAVE THE CHANCE TO PITCH THEIR BEST IDEA AND COMPETE TO WIN UP TO $5,000 IN INITIAL START-UP FUNDING, AS WELL AS MANY OTHER SUPPORT SERVICES DONATED BY SPONSORS. WE'RE TALKING FREE OFFICE SPACE, BUSINESS PLANNING, MARKETING, LEGAL ASSISTANCE, WEB DEVELOPMENT EXPERTISE AND MORE!
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt019373
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02679
IRS990/ProgSrvcAccomActy3Grp/Desc0THE U.S. SMALL BUSINESS ADMINISTRATION LAUNCHED A COMPETITION FOR ACCELERATORS AND OTHER ENTREPRENEURIAL ECOSYSTEM MODELS TO COMPETE FOR MONETARY PRIZES OF $50,000 EACH TO FUND OPERATING BUDGETS. TO AWARD THE PRIZES, APPLICANTS ARE JUDGED BY AN EXPERT PANEL THAT CONSIDERS EACH APPLICANT'S STATED MISSION, FOUNDING TEAM MEMBERS AND BUSINESS GOALS AMONG OTHER CORE COMPONENTS.THIS CONTEST WAS DESIGNED TO PROVIDE WINNERS WITH SUPPLEMENTAL AND CRITICAL CAPITAL TO THE OPERATING BUDGETS OF ENTREPRENEURIAL ECOSYSTEMS ACROSS THE UNITED STATES. WITH ACCESS TO CAPITAL VIA THIS HIGHLY COMPETITIVE PROCESS, APPLICANTS WILL HAVE GREATER OPPORTUNITY TO SCALE UP (IF ALREADY EXISTING) OR TO LAUNCH SOMETHING COMPLETELY NEW. THE BASIC TENET IS SIMPLE: THE STARTUP WORLD AND A PORTFOLIO'S SURVIVAL IS DRIVEN BY A GAME OF NUMBERS. MORE QUALITY STARTUPS SUPPORTED BY MORE WELL-FUNDED ENTREPRENEURIAL ECOSYSTEMS LEADS TO SUCCESSFUL STARTUPS GROWING INTO COMPETITIVE, EXCITING AND HIGH-VALUE JOB CREATORS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02500
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0258851
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt030000
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt0325285
IRS990/PYOtherRevenueAmt026515
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-69917
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0355285
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0285368
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt014347
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt035684
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035684
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0542065665
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt015800
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09605
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025405
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NIAA/NIAF
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT SEPTEMBER 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015800
IRS990ScheduleD/TotalLiabilityAmt053155
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0309636
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1182434
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2197939
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt031519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt118520
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt219700
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014972
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt112291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt22861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS O STANLEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KARL L DREWS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2KERRY L CHRISTIAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR & PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0356127
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1213245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2220500
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT FORM 990 IS DISTRIBUTED TO THE BOARD'S FINANCE & AUDIT COMMITTEE FOR COMMENTS AND QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PENINSULA TECHNOLOGY INCUBATOR HAS IN PLACE AN ORGANIZATIONAL CONFLICT OF INTERESTS POLICY THAT IS USED BY MANAGEMENT TO MONITOR AND ENFORCE COMPLIANCE WITHIN THE CORPORATION. THE BOARD OF DIRECTORS HAS IN PLACE BOARD RESOLUTION 08-02 REQUIRING BOARD MEMBERS, COMMITTEE MEMBERS, OFFICERS, AND EMPLOYEES TO REPORT ON AN ANNUAL BASIS ANY POTENTIAL CONFLICT OF INTEREST THAT MUST BE DISCLOSED TO THE BOARD. DIRECTORS, COMMITTEE MEMBERS, AND OFFICERS WILL COMMUNICATE ANY SUSPECTED VIOLATIONS OF THIS CODE PROMPTLY TO THE CHAIR AND THE PRESIDENT AND EXECUTIVE DIRECTOR OF THE INSTITUTE. VIOLATIONS WILL BE INVESTIGATED BY A PERSON OR PERSONS DESIGNATED BY THE CHAIR AND APPROPRIATE ACTION WILL BE TAKEN IN THE EVENT OF ANY VIOLATIONS OF THE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RELIED ON THE NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES, A RELATED ORGANIZATION, THAT USED THE FOLLOWING TECHNIQUES TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: A COMPENSATION COMMITTEE, COMPENSATION SURVEYS OR STUDIES, AND AN APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PTI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0542065665
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AEROSPACE R&D AND EDUCATION & OUTREACH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10100 EXPLORATION WAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0HAMPTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode023666
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0152731
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt151881
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10NATIONAL INSTITUTE OF AEROSPACE ASSOC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11NATIONAL INSTITUTE OF AEROSPACE ASSOC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt059842
IRS990/TotalAssetsEOYAmt096341
IRS990/TotalAssetsGrp/BOYAmt059842
IRS990/TotalAssetsGrp/EOYAmt096341
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0223250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074338
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175429
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249767
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0101509
IRS990/TotalLiabilitiesEOYAmt0123661
IRS990/TotalLiabilitiesGrp/BOYAmt0101509
IRS990/TotalLiabilitiesGrp/EOYAmt0123661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-41667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-27320
IRS990/TotalOtherCompensationAmt099863
IRS990/TotalProgramServiceExpensesAmt0175429
IRS990/TotalProgramServiceRevenueAmt05179
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040863
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264114
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings