Civic Intelligence

Economic Incubators Inc

990 • Fiscal year 2018 • EIN 47-1997241

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 31, 2019

Organization Profileeconomicincubators.com
3510 Kraft RoadNaples, FL 34105

(239) 249-5911

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$188,645

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

31st percentile

-3.0%

Faster asset growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$1,226,659

Down $38,529 (-3.0%) from 2017

Net Assets

Down

$1,095,984

Down $123,228 (-10%) from 2017

Liabilities

Up

$130,675

Up $84,699 (+184%) from 2017

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin17th percentile

Revenue

Down

$843,084

Down $1,762,888 (-68%) from 2017

Expenses

Down

$966,312

Down $579,685 (-37%) from 2017

Net Income

Down

-$123,228

Down $1,183,203 (-112%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$1.5M$1.0M$500K$0Assets 2015: $509,732Liabilities 2015: $302,099Net Assets 2015: $207,6332015Assets 2016: $481,441Liabilities 2016: $379,343Net Assets 2016: $102,0982016Assets 2017: $1,265,188Liabilities 2017: $45,976Net Assets 2017: $1,219,2122017Assets 2018: $1,226,659Liabilities 2018: $130,675Net Assets 2018: $1,095,9842018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2018

Assets$1,226,659
Liabilities$130,675
Net Assets$1,095,984
Open 2018 Filing

Operations Trend

Revenue Growth3rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2015: $490,000Expenses 2015: $717,994Net Income 2015: -$227,9942015Revenue 2016: $611,219Expenses 2016: $548,855Net Income 2016: $62,3642016Revenue 2017: $2,605,972Expenses 2017: $1,545,997Net Income 2017: $1,059,9752017Revenue 2018: $843,084Expenses 2018: $966,312Net Income 2018: -$123,2282018Revenue 2019: $650,986Expenses 2019: $1,746,973Net Income 2019: -$1,095,9872019

Highlighted filing

2018

Revenue$843,084
Expenses$966,312
Net Income-$123,228
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 31, 2019
Return Version
2017v2.2
Gross Receipts
$924,341
Mission and Program Overview

Mission

Economic Incubators, Inc. is dedicated to assist new and emerging businesses and ideas to achieve new heights by providing business mentorships, essential services and a collaborative environment.

Economic Incubators, Inc. supports and nurtures new and developing businesses to expand, grow and prosper in Collier County and beyond, thus creating jobs, investments and diversity in the local economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,184,093$1,108,176▼ $75,917
Accounts Receivable$4,197$85,891▲ $81,694
Cash and Non-Interest-Bearing Accounts$26,516$14,484▼ $12,032
Pledges and Grants Receivable$50,382$10,000▼ $40,382
Prepaid Expenses and Deferred Charges-$4,483-
Total Assets$1,265,188$1,226,659▼ $38,529
Other Assets Total-$3,625-
Liabilities
Accounts Payable and Accrued Expenses$24,824$75,273▲ $50,449
Mortgage Notes Payable Secured by Investment Property-$33,902-
Other Liabilities$21,152$11,333▼ $9,819
Deferred Revenue-$10,167-
Total Liabilities$45,976$130,675▲ $84,699
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,189,093$1,089,262▼ $99,831
Unrestricted Net Assets$30,119$6,722▼ $23,397
Total Net Assets Fund Balance$1,219,212$1,095,984▼ $123,228
Total Liabilities and Net Assets / Fund Balance$1,265,188$1,226,659▼ $38,529

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$39,814$20,380-
Equipment$20,618$15,786-
Leasehold Improvements$1,047,744$81,117-
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marshall GoodmanDirectorPresCEOFT$159,310$29,335$188,645
Jennifer PellechioPresidentFT$90,568$11,699$102,267

Board Members and Trustees

NameTitle
Fred PezeshkanDirectorChairman
Richard GrantDirectorVice ChairmanSecret
Dudley GoodletteDirector
George AhearnDirector
Jean-Pierre GarnierDirector
Joe PaternoDirector
Louis TrainaDirector
Philippe CamusDirector
Richard KlassDirector
Stephen WheelerDirector
Garrett RichterDirectorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$751,575
Program Service Revenue
$0
Investment Income
$-1,190
Other Revenue
$92,699
All Other Contributions
$86,580
Change in Net Assets
$-123,228

Audited Revenue Reconciliation

Revenue per Audited Statements
$843,084
Revenue Not Reported on Form 990
$285,281
Total Revenue per Audited Statements
$1,128,365
Total Revenue per Form 990
$843,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,596
Salaries, Compensation, and Employee Benefits$420,766
Grants and Similar Amounts Paid$13,950
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$196,213$21,801-$218,014
Current Officers, Directors, Trustees, and Key Employees$195,745$21,749-$217,494
Other Salaries and Wages$112,994$12,555-$125,549
Depreciation Depletion$86,509$9,612-$96,121
Other Employee Benefits$36,662$4,074-$40,736
Payroll Taxes$21,301$2,367-$23,668
Advertising$20,720$2,302-$23,022
Grants to Domestic Orgs$13,950--$13,950
Information Technology$12,230$1,359-$13,589
Pension Plan Contributions$11,987$1,332-$13,319
Fees for Services Other$11,038$1,226-$12,264
All Other Expenses$10,428$1,159-$11,587
Travel$7,965$885-$8,850
Other Expenses$7,342$816-$8,158
Insurance$7,063$785-$7,848
Office Expenses$6,417$713-$7,130
Interest$758$84-$842
Total Functional Expenses$869,681$96,631$0$966,312

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,251,593
Expenses per Audited Statements$966,312
Total Expenses per Form 990$966,312
Expenses Not Reported on Form 990$285,281
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Seaway Studios DBA Fifth Ave FilmsFort Myers, FL-Business Development Marketing Package$11,250
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Fred PezeshkanChairmanRental of office spaceNo$197,900
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Compensated Absences$11,333
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“A copy of the Form 990 is provided to all Board Members prior to its submission to the Internal Revenue Service (IRS). The President, Secretary and Treasurer reviews and approves the Form 990 for submission to the IRS.”

Conflict of interest policy compliance Part VI line 12C

“Annually, the Board is asked to review the conflicts of interest policy, disclose any conflicts, and sign the policy. If conflict of interest arises, the Board Member will not be permitted to participate in the transaction or decision.”

CEO executive director top management comp Part VI line 15A

“Annually, the Board examines a salary survey and reference to Floridawages.com to determine compensation.”

Other officer or key employee compensation Part VI line 15B

“Annually, the Board examines a salary survey and reference to Floridawages.com to determine compensation.”

Form 990 availability to public Part VI line 18

“The 990 is available by public request.”

Governing documents etc available to public Part VI line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Incubators Inc
EIN
47-1997241
Address
3510 Kraft Road, Naples, FL 34105

Signing Officer

Name
Jennifer Pellechio
Title
President
Phone
2392495911
Signed
2019-01-31
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
10
Employees
6
Volunteers
5

Preparer

Firm
Tuscan & Company PA
Address
12621 World Plaza Lane Bldg 55, Fort Myers, FL 33907
Preparer
Jeffrey M Tuscan CPA
Phone
2393332090
Supplemental Narrative

Additional Explanations

General explanation attachment

“During the fiscal year, the Organization had one board member resign, Garrett Richter. Therefore, at the end of the year, they had 11 voting members.”

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990.”

Other expenses not included on Form 990 (Part XII, line 2D)

“Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990.”

Footnote for uncertain tax position under FIN 48 (Part X)

“No provision for income tax expense has been made in the accompanying financial statements since Economic Incubators, Inc. is exempt from income taxes under Internal Revenue Code Section 501(c)(3). In addition, Economic Incubators, Inc. is not a private Foundation within the meaning of Section 509(a) of the Internal Revenue Code. The Internal Revenue Code provides for taxation of unrelated business income under certain circumstances. Management believes Economic Incubators, Inc. met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax. Economic Incubators, Inc.s income tax returns for the past three years are open and subject to examination by tax authorities, and may change upon examination. Economic Incubator, Inc. reports no unrelated business taxable income; however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities.”

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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0117283
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01184093
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01108176
IRS990/LandBldgEquipCostOrOtherBssAmt01225459
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt05236
IRS990/LessRentalExpensesGrp/RealAmt076021
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Economic Incubators, Inc. supports and nurtures new and developing businesses to expand, grow and prosper in Collier County and beyond, thus creating jobs, investments and diversity in the local economy.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033902
IRS990/NetAssetsOrFundBalancesBOYAmt01219212
IRS990/NetAssetsOrFundBalancesEOYAmt01095984
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-1190
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1190
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt092652
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt092652
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt021801
IRS990/OccupancyGrp/ProgramServicesAmt0196213
IRS990/OccupancyGrp/TotalAmt0218014
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0713
IRS990/OfficeExpensesGrp/ProgramServicesAmt06417
IRS990/OfficeExpensesGrp/TotalAmt07130
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt03625
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04074
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040736
IRS990/OtherExpensesGrp/Desc0Professional fees
IRS990/OtherExpensesGrp/Desc1Sponsorship expense
IRS990/OtherExpensesGrp/Desc2Facilities and equipment
IRS990/OtherExpensesGrp/Desc3Participant amenities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12758
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23029
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3816
IRS990/OtherExpensesGrp/ProgramServicesAmt072225
IRS990/OtherExpensesGrp/ProgramServicesAmt110875
IRS990/OtherExpensesGrp/ProgramServicesAmt227259
IRS990/OtherExpensesGrp/ProgramServicesAmt37342
IRS990/OtherExpensesGrp/TotalAmt080250
IRS990/OtherExpensesGrp/TotalAmt113633
IRS990/OtherExpensesGrp/TotalAmt230288
IRS990/OtherExpensesGrp/TotalAmt38158
IRS990/OtherLiabilitiesGrp/BOYAmt021152
IRS990/OtherLiabilitiesGrp/EOYAmt011333
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt047
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt047
IRS990/OtherRevenueTotalAmt047
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012555
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0112994
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125549
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02367
IRS990/PayrollTaxesGrp/ProgramServicesAmt021301
IRS990/PayrollTaxesGrp/TotalAmt023668
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01332
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011987
IRS990/PensionPlanContributionsGrp/TotalAmt013319
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050382
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04483
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02458252
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-3329
IRS990/PYOtherExpensesAmt01139723
IRS990/PYOtherRevenueAmt0151049
IRS990/PYRevenuesLessExpensesAmt01059975
IRS990/PYSalariesCompEmpBnftPaidAmt0406274
IRS990/PYTotalExpensesAmt01545997
IRS990/PYTotalRevenueAmt02605972
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-123228
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt092652
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt091509
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0751575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02458252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0519847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0395000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04124674
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0356266
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04124674
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0751575
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02458252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0519847
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0395000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04124674
IRS990ScheduleA/TotalSupportAmt04124674
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0243400
IRS990ScheduleD/DonatedServicesUseFcltsAmt0243400
IRS990ScheduleD/EquipmentGrp/BookValueAmt020618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015786
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt036404
IRS990ScheduleD/ExpensesNotReportedAmt0285281
IRS990ScheduleD/ExpensesSubtotalAmt0966312
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01047744
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt081117
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01128861
IRS990ScheduleD/OtherExpensesIncludedAmt041881
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039814
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020380
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt060194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Compensated Absences
IRS990ScheduleD/OtherRevenueAmt041881
IRS990ScheduleD/RevenueNotReportedAmt0285281
IRS990ScheduleD/RevenueSubtotalAmt0843084
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2No provision for income tax expense has been made in the accompanying financial statements since Economic Incubators, Inc. is exempt from income taxes under Internal Revenue Code Section 501(c)(3). In addition, Economic Incubators, Inc. is not a private Foundation within the meaning of Section 509(a) of the Internal Revenue Code. The Internal Revenue Code provides for taxation of unrelated business income under certain circumstances. Management believes Economic Incubators, Inc. met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax. Economic Incubators, Inc.s income tax returns for the past three years are open and subject to examination by tax authorities, and may change upon examination. Economic Incubator, Inc. reports no unrelated business taxable income; however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01108176
IRS990ScheduleD/TotalExpensesPerForm990Amt0966312
IRS990ScheduleD/TotalLiabilityAmt011333
IRS990ScheduleD/TotalRevenuePerForm990Amt0843084
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01128365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01251593
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt011250
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Business Development Marketing Package
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Seaway Studios DBA Fifth Ave Films
IRS990ScheduleI/RecipientTable/RecipientEIN0812929211
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt015130 Royal Windsor Lane Ste 1601
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Fort Myers
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033919
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization maintains records for all grants or assistance provided to organizations and ensures that the organization meets any applicable conditions before distributing funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,226,659
Liabilities
$130,675
Net assets
$1,095,984
Revenue
$843,084
Expenses
$966,312
Net income
-$123,228
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.65$1.75$1.10
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.13$1.10$0.84$0.97$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.05$1.22$2.61$1.55$1.06
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.38$0.10$0.61$0.55$0.06
2015Summary only. Only limited summary data is available for this year.$0.51$0.30$0.21$0.49$0.72$0.23