Civic Intelligence

Georgia Business Success Center Inc

EIN 47-4443286 • 501(c)3 • Kennesaw, GA

Profile

To be north georgia's entrepreneurial headquarters dedicated to helping inventors and problem solvers ignite transformative solutions on a global scale

585 Cobb Ave NWKennesaw, GA 30144

n/A

Siviq Scores

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

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-97%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$3,823

Down $107,594 (-97%) from 2021

Liabilities

Flat

$1,050

Flat from 2021

Net Assets

Down

$2,773

Down $107,594 (-97%) from 2021

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2021

Expenses

Down

$107,594

Down $94,054 (-47%) from 2021

Net Income

Up

-$107,594

Up $94,054 (+47%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $1,334,425Liabilities 2017: $97,994Net Assets 2017: $1,236,4312017Assets 2018: $1,426,361Liabilities 2018: $76,949Net Assets 2018: $1,349,4122018Assets 2019: $626,131Liabilities 2019: $141,598Net Assets 2019: $484,5332019Assets 2020: $316,214Liabilities 2020: $4,199Net Assets 2020: $312,0152020Assets 2021: $111,417Liabilities 2021: $1,050Net Assets 2021: $110,3672021Assets 2022: $3,823Liabilities 2022: $1,050Net Assets 2022: $2,7732022

Highlighted filing

2022

Assets$3,823
Liabilities$1,050
Net Assets$2,773
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2017: $798,612Expenses 2017: $575,674Net Income 2017: $222,9382017Revenue 2018: $869,705Expenses 2018: $756,724Net Income 2018: $112,9812018Revenue 2019: $857,081Expenses 2019: $714,336Net Income 2019: $142,7452019Revenue 2020: $490,063Expenses 2020: $662,581Net Income 2020: -$172,5182020Revenue 2021: $0Expenses 2021: $201,648Net Income 2021: -$201,6482021Revenue 2022: $0Expenses 2022: $107,594Net Income 2022: -$107,5942022

Highlighted filing

2022

Revenue$0
Expenses$107,594
Net Income-$107,594
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,823
Liabilities
$1,050
Net assets
$2,773
Revenue
$0
Expenses
$107,594
Net income
-$107,594
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.11$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.00$0.20$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.31$0.49$0.66$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.14$0.48$0.86$0.71$0.14
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.08$1.35$0.87$0.76$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.10$1.24$0.80$0.58$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To be north georgia's entrepreneurial headquarters dedicated to helping inventors and problem solvers ignite transformative solutions on a global scale

Program Services

DescriptionGrantsExpenses
IGNITEHQ'S PURPOSE, IN PARTNERSHIP WITH KENNESAW STATE UNIVERSITY AND IN COLLABORATION WITH THE COBB CHAMBER OF COMMERCE, WAS TO BE NORTH GEORGIA'S ENTREPRENEURIAL HEADQUARTERS DEDICATED TO HELPING INVENTORS AND PROBLEM SOLVERS IGNITE TRANSFORMATIVE SOLUTIONS ON A GLOBAL SCALE. AS A HYBRID OF A MODERN-DAY BUSINESS INCUBATOR AND A CO-WORKING HUB, THE ORGANIZATION MET THE NEEDS OF INVENTIVE ENTREPRENEURS BY PROVIDING OFFICE SPACES OF ALL SIZES, COMMON AREAS AND SPECIAL EVENT SPACES, FREE EDUCATIONAL PROGRAMS AND TRAINING OPPORTUNITIES, ACCESS TO EXPERIENCED MENTORS AND ADVISORS, AND A DIRECTORY OF PARTNER SERVICE PROVIDERS AND CAPITAL INVESTORS. IN JUNE 2020, THE MEMORANDUM OF UNDERSTANDING BETWEEN THE ORGANIZATION AND KENNESAW STATE UNIVERSITY EXPIRED AND THE ORGANIZATION BEGAN WINDING DOWN OPERATIONS. DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION CONTINUED TO INVESTIGATE ALTERNATIVE PLANS TO CARRY OUT ITS MISSION.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIA AYERSDirector-$0--
STEPHANIE CARVAJALINODirector-$0--
RACHEL FORDDirector-$0--
JEREMY FORTDirector-$0--
CRAIG GANSSLEDirector-$0--
MIKE MAHANDirector-$0--
SHARON MASONDirector-$0--
JACOB REUSCHELDirector-$0--
MITCH RHODENDirector-$0--
UMESH SHIKNISDirector-$0--
PAMELA WHITTENDirector-$0--
Filing and Contact Details

Filer

Filer Name
Georgia Business Success Center Inc
EIN
47-4443286
Phone
7706458440
Address
585 COBB AVE NW, KENNESAW, GA 30144

Signing Officer

Name
Tyler Reinagel
Title
Interim VP for Research
Phone
7706458440
Signed
2023-05-03
Discuss with paid preparer
Yes

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1029 GREENE STREET, AUGUSTA, GA 30901
Preparer
Amanda Adams
Phone
7067243557
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges . Amount: 774. Description: supplies . Amount: 144. Description: software. Amount: 75,000. Description: other technology costs. Amount: 3,229. Description: advertising. Amount: 19,277. Total to form 990-ez, line 16: 98,424.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accrued expenses . Beg. Of year amount: 1,050. End of year amount: 1,050.”

Raw XML Appendix183 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK CHARGES . AMOUNT: 774. DESCRIPTION: SUPPLIES . AMOUNT: 144. DESCRIPTION: SOFTWARE. AMOUNT: 75,000. DESCRIPTION: OTHER TECHNOLOGY COSTS. AMOUNT: 3,229. DESCRIPTION: ADVERTISING. AMOUNT: 19,277. TOTAL TO FORM 990-EZ, LINE 16: 98,424.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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