Civic Intelligence

Wachusett Business Incubator Inc.

EIN 47-2065508 • 501(c)3 • Gardner, MA

Pub. 78 Eligible

Profile

Purpose is to carry out activities dedicated to fostering entrepreneurial activity and to encourage the successful development of new businesses in the grater gardner region.

PO Box 725Gardner, MA 01440

www.wachusettincubator.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

5th percentile

-400%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

33rd percentile

-18%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

13th percentile

-65%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Assets

Down

$84,381

Down $40,778 (-33%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$84,381

Down $40,778 (-33%) from 2021

Revenue

Down

$8,459

Down $59,673 (-88%) from 2021

Expenses

Up

$42,287

Up $4,364 (+12%) from 2021

Net Income

Down

-$33,828

Down $64,037 (-212%) from 2021

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2016: $1Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Net Assets 2017: $02017Assets 2019: $0Liabilities 2019: $02019Assets 2020: $94,950Liabilities 2020: $0Net Assets 2020: $94,9502020Assets 2021: $125,159Liabilities 2021: $0Net Assets 2021: $125,1592021Assets 2023: $84,381Liabilities 2023: $0Net Assets 2023: $84,3812023

Highlighted filing

2023

Assets$84,381
Liabilities$0
Net Assets$84,381

Operations Trend

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

$100K$50K$0-$50KRevenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $02017Revenue 2019: $42,561Expenses 2019: $17,351Net Income 2019: $25,2102019Revenue 2020: $69,359Expenses 2020: $96,564Net Income 2020: -$27,2052020Revenue 2021: $68,132Expenses 2021: $37,923Net Income 2021: $30,2092021Revenue 2023: $8,459Expenses 2023: $42,287Net Income 2023: -$33,8282023

Highlighted filing

2023

Revenue$8,459
Expenses$42,287
Net Income-$33,828

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 23, 2024
Return Version
2022v5.0
Gross Receipts
$8,459
Mission and Program Overview

Mission

Purpose is to carry out activities dedicated to fostering entrepreneurial activity and to encourage the successful development of new businesses in the grater gardner region.

Program Services

DescriptionGrantsExpenses
TARGETED INDIVIDUALS AND GROUPS INTERESTED IN STARTING THEIR OWN BUSINESS THROUGH VARIOUS OUTREACH AND AWARENESS ACTIVITIES, MENTORING, BUSINESS NETWORKING, INFRASTRUTURE SUPPORT AND OTHER APPROPRIATE MEANS OF SUPPORT.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GLENN EATONChairman-$0--
M PAUL CARLBERGTreasurer/Ed-$0--
SANDIE CATALDOSecretary-$0--
CHERYL GAUDREAUDirector-$0--
MICHAEL GREENWOOD PHDDirector-$0--
KEVIN TOMASETTIDirector-$0--
JAMES VANDER HOVEN ED DDirector-$0--
Filing and Contact Details

Filer

Filer Name
Wachusett Business Incubator Inc
EIN
47-2065508
Phone
9787079900
Address
PO BOX 725, GARDNER, MA 01440

Signing Officer

Name
M Paul Carlberg
Title
Treasurer
Signed
2024-05-23
Discuss with paid preparer
Yes

Preparer

Firm
Venning & Jacques Inc
Address
43 Lennon St, Gardner, MA 01440
Preparer
Jeffrey J Gallant CPA
Phone
9786324080
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $39

Other Expenses.1002

Office Expenses $1699

Other Expenses.1009

Depreciation $994

Other Expenses.1012

Insurance $1359

Other Expenses.1

Computer & software $16875

Other Expenses.2

SEMINAR SUPPLIES $5101

Other Expenses.3

INTERNET SERVICES $1531

Other Expenses.4

Dues and Subscriptions $1009

Other Expenses.5

contract labor $788

Other Expenses.7

Food $337

Other Expenses.8

taxes $246

Other Assets.1002

Furniture and Fixtures - Beginning $1957 Furniture and Fixtures - Ending $1623

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