Civic Intelligence

Memphis Incubator Systems Inc

990 • Fiscal year 2017 • EIN 62-1739744

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

Organization ProfileWWW.EMERGEMEMPHIS.ORG
516 Tennessee StreetMemphis, TN 38103

(901) 312-7766

Siviq Scores

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

Liabilities / Assets

59th percentile

0.16x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.93x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$110,000

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

21st percentile

-4.4%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

62nd percentile

10%

Faster revenue growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$3,472,872

Down $158,286 (-4.4%) from 2016

Net Assets

Down

$2,916,427

Down $146,137 (-4.8%) from 2016

Liabilities

Down

$556,445

Down $12,149 (-2.1%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin14th percentile

Revenue

Up

$595,608

Up $56,200 (+10%) from 2016

Expenses

Up

$707,166

Up $50,823 (+7.7%) from 2016

Net Income

Up

-$111,558

Up $5,377 (+4.6%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,197,525Liabilities 2010: $379,685Net Assets 2010: $2,817,8402010Assets 2011: $4,324,712Liabilities 2011: $672,630Net Assets 2011: $3,652,0822011Assets 2012: $4,271,610Liabilities 2012: $723,265Net Assets 2012: $3,548,3452012Assets 2013: $4,142,885Liabilities 2013: $715,804Net Assets 2013: $3,427,0812013Assets 2014: $3,965,988Liabilities 2014: $623,657Net Assets 2014: $3,342,3312014Assets 2015: $3,794,813Liabilities 2015: $615,314Net Assets 2015: $3,179,4992015Assets 2016: $3,631,158Liabilities 2016: $568,594Net Assets 2016: $3,062,5642016Assets 2017: $3,472,872Liabilities 2017: $556,445Net Assets 2017: $2,916,4272017Assets 2018: $3,342,385Liabilities 2018: $667,772Net Assets 2018: $2,674,6132018Assets 2019: $1,387,775Liabilities 2019: $77,733Net Assets 2019: $1,310,0422019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$3,472,872
Liabilities$556,445
Net Assets$2,916,427
Open 2017 Filing

Operations Trend

Revenue Growth62nd percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2010: $494,940Expenses 2010: $557,550Net Income 2010: -$62,6102010Revenue 2011: $1,443,767Expenses 2011: $609,525Net Income 2011: $834,2422011Expenses 2012: $717,2802012Revenue 2013: $566,308Expenses 2013: $687,569Net Income 2013: -$121,2612013Revenue 2014: $652,274Expenses 2014: $737,024Net Income 2014: -$84,7502014Revenue 2015: $512,398Expenses 2015: $675,230Net Income 2015: -$162,8322015Revenue 2016: $539,408Expenses 2016: $656,343Net Income 2016: -$116,9352016Revenue 2017: $595,608Expenses 2017: $707,166Net Income 2017: -$111,5582017Revenue 2018: $574,937Expenses 2018: $816,751Net Income 2018: -$241,8142018Revenue 2019: -$825,639Expenses 2019: $538,932Net Income 2019: -$1,364,5712019Revenue 2020: $87,806Expenses 2020: $1,397,848Net Income 2020: -$1,310,0422020

Highlighted filing

2017

Revenue$595,608
Expenses$707,166
Net Income-$111,558
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.1
Gross Receipts
$595,608
Mission and Program Overview

Mission

To develop, promote, and manage a system of business development incubators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,581,985$3,421,329▼ $160,656
Cash and Non-Interest-Bearing Accounts$20,818$36,065▲ $15,247
Accounts Receivable$20,232$8,021▼ $12,211
Prepaid Expenses and Deferred Charges$3,783$5,689▲ $1,906
Intangible Assets$4,340$1,768▼ $2,572
Total Assets$3,631,158$3,472,872▼ $158,286
Liabilities
Other Liabilities$501,283$465,018▼ $36,265
Deferred Revenue$7,306$45,765▲ $38,459
Unsecured Notes Loans Payable$23,075$32,145▲ $9,070
Accounts Payable and Accrued Expenses$36,930$13,517▼ $23,413
Total Liabilities$568,594$556,445▼ $12,149
Net Assets / Fund Balance
Unrestricted Net Assets$3,062,564$2,916,427▼ $146,137
Total Net Assets Fund Balance$3,062,564$2,916,427▼ $146,137
Total Liabilities and Net Assets / Fund Balance$3,631,158$3,472,872▼ $158,286

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,604,361$1,872,659$3,477,020
Leasehold Improvements$1,680,206-$1,680,206
Land$312,177-$312,177
Other Land Buildings$74,312-$74,312
Equipment$35,425-$35,425
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlton CrothersExecutive DiFT$110,000$110,000

Board Members and Trustees

NameTitle
Joe FracchiaChairman
Bryan Eagle IiiDirector
Jay LindyDirector
Kevin HumphriesDirector
Lisa WadeDirector
Jay OliphantSecretary
John OgleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,322
Program Service Revenue
$594,286
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,322
Change in Net Assets
$-111,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$527,484
Salaries, Compensation, and Employee Benefits$179,682
Total Fundraising Expense$14,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$134,834$33,065-$167,899
Current Officers, Directors, Trustees, and Key Employees$77,000$22,000$11,000$110,000
All Other Expenses$62,384$17,226$439$80,049
Other Salaries and Wages$44,666$11,453$1,145$57,264
Other Expenses$25,040$6,260$981$31,300
Interest$16,730$4,183-$20,913
Insurance$12,846$3,212-$16,058
Payroll Taxes$9,686$2,484$248$12,418
Information Technology$8,747$2,187-$10,934
Advertising$3,794$960$48$4,802
Travel$1,263$253$168$1,684
Total Functional Expenses$529,793$163,344$14,029$707,166
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
Other Liability$465,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Memphis Incubator Systems Inc
EIN
62-1739744
Address
516 TENNESSEE STREET, MEMPHIS, TN 38103
Doing Business As
Emerge Memphis

Signing Officer

Name
Carlton Crothers
Title
Executive Director
Signed
2017-11-06

Organization Details

Principal Officer
Carlton Crothers
Formed
1998
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Patrick Accounting & Tax Services
Address
5570 MURRAY AVE, MEMPHIS, TN 38119-3805
Preparer
Jennifer L Gann Ea
Phone
9017555858
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Services provided to cultivate the growth of several new businesses by providing business development assistance to area entrepreneurs.”

Form 990, Part IX, Line 24E

“Supplies 19,631 4,970 248 parking 12,197 2,178 145 elevator service 7,939 1,985 0 security and cleaning 6,756 0 0 other taxes 5,086 1,272 0 bank fees 0 4,686 0 copies 2,424 606 0 telephone 1,855 470 23 bad debt 2,280 0 0 equipment rental 1,807 452 0 miscellaneous 1,440 365 18 dues and subscriptions 418 104 0 postage and shipping 373 94 5 property taxes 178 44 0 total 62,384 17,226 439”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 643”

Raw XML Appendix386 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt036930
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013517
IRS990/AccountsReceivableGrp/BOYAmt020232
IRS990/AccountsReceivableGrp/EOYAmt08021
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO DEVELOP, PROMOTE, AND MANAGE A SYSTEM OF BUSINESS DEVELOPMENT INCUBATORS.
IRS990/AdvertisingGrp/FundraisingAmt048
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0960
IRS990/AdvertisingGrp/ProgramServicesAmt03794
IRS990/AdvertisingGrp/TotalAmt04802
IRS990/AllOtherContributionsAmt01322
IRS990/AllOtherExpensesGrp/FundraisingAmt0439
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt017226
IRS990/AllOtherExpensesGrp/ProgramServicesAmt062384
IRS990/AllOtherExpensesGrp/TotalAmt080049
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CARLTON CROTHERS
IRS990/BooksInCareOfDetail/PhoneNum09013127766
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0516 TENNESSEE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt020818
IRS990/CashNonInterestBearingGrp/EOYAmt036065
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011000
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt022000
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt077000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0110000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01322
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0527484
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0594286
IRS990/CYRevenuesLessExpensesAmt0-111558
IRS990/CYSalariesCompEmpBnftPaidAmt0179682
IRS990/CYTotalExpensesAmt0707166
IRS990/CYTotalFundraisingExpenseAmt014029
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0595608
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt07306
IRS990/DeferredRevenueGrp/EOYAmt045765
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt033065
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0134834
IRS990/DepreciationDepletionGrp/TotalAmt0167899
IRS990/Desc0SERVICES PROVIDED TO CULTIVATE THE GROWTH OF SEVERAL NEW BUSINESSES BY PROVIDING BUSINESS DEVELOPMENT ASSISTANCE TO AREA ENTREPRENEURS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0EMERGE MEMPHIS
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0529793
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0CARLTON CROTHERS
IRS990/Form990PartVIISectionAGrp/PersonNm1BRYAN EAGLE III
IRS990/Form990PartVIISectionAGrp/PersonNm2LISA WADE
IRS990/Form990PartVIISectionAGrp/PersonNm3KEVIN HUMPHRIES
IRS990/Form990PartVIISectionAGrp/PersonNm4JAY LINDY
IRS990/Form990PartVIISectionAGrp/PersonNm5JOE FRACCHIA
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN OGLE
IRS990/Form990PartVIISectionAGrp/PersonNm7JAY OLIPHANT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0110000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0595608
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02187
IRS990/InformationTechnologyGrp/ProgramServicesAmt08747
IRS990/InformationTechnologyGrp/TotalAmt010934
IRS990/InsuranceGrp/ManagementAndGeneralAmt03212
IRS990/InsuranceGrp/ProgramServicesAmt012846
IRS990/InsuranceGrp/TotalAmt016058
IRS990/IntangibleAssetsGrp/BOYAmt04340
IRS990/IntangibleAssetsGrp/EOYAmt01768
IRS990/InterestGrp/ManagementAndGeneralAmt04183
IRS990/InterestGrp/ProgramServicesAmt016730
IRS990/InterestGrp/TotalAmt020913
IRS990/InvestmentExpenseAmt0-35222
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02157811
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03581985
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03421329
IRS990/LandBldgEquipCostOrOtherBssAmt05579140
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DEVELOP, PROMOTE, AND MANAGE A SYSTEM OF BUSINESS DEVELOPMENT INCUBATORS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03062564
IRS990/NetAssetsOrFundBalancesEOYAmt02916427
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0643
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3FOURTH FLOOR EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0981
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019620
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt111407
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt229034
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36260
IRS990/OtherExpensesGrp/ProgramServicesAmt077499
IRS990/OtherExpensesGrp/ProgramServicesAmt145626
IRS990/OtherExpensesGrp/ProgramServicesAmt29678
IRS990/OtherExpensesGrp/ProgramServicesAmt325040
IRS990/OtherExpensesGrp/TotalAmt098100
IRS990/OtherExpensesGrp/TotalAmt157033
IRS990/OtherExpensesGrp/TotalAmt238712
IRS990/OtherExpensesGrp/TotalAmt331300
IRS990/OtherLiabilitiesGrp/BOYAmt0501283
IRS990/OtherLiabilitiesGrp/EOYAmt0465018
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01145
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011453
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044666
IRS990/OtherSalariesAndWagesGrp/TotalAmt057264
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0248
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02484
IRS990/PayrollTaxesGrp/ProgramServicesAmt09686
IRS990/PayrollTaxesGrp/TotalAmt012418
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03783
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05689
IRS990/PrincipalOfficerNm0CARLTON CROTHERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2PARKING INCOME
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0449499
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt190883
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt229108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0449499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt190883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324796
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SERVICES PROVIDED TO CULTIVATE THE GROWTH OF SEVERAL NEW BUSINESSES BY PROVIDING BUSINESS DEVELOPMENT ASSISTANCE TO AREA ENTREPRENEURS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03109
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0477821
IRS990/PYProgramServiceRevenueAmt0536299
IRS990/PYRevenuesLessExpensesAmt0-116935
IRS990/PYSalariesCompEmpBnftPaidAmt0178522
IRS990/PYTotalExpensesAmt0656343
IRS990/PYTotalRevenueAmt0539408
IRS990/ReconcilationRevenueExpnssAmt0-111558
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0594286
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01322
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011155
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0105111
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0181106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0594286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0536299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0501243
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0547163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0505899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02684890
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02865996
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0595608
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0539408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0512398
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0652274
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0566308
IRS990ScheduleA/Total509Grp/TotalAmt02865996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0595608
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0539408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0512398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0652274
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0566308
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02865996
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01604361
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01872659
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03477020
IRS990ScheduleD/EquipmentGrp/BookValueAmt035425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035425
IRS990ScheduleD/LandGrp/BookValueAmt0312177
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0312177
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01680206
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01680206
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074312
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0465018
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03706481
IRS990ScheduleD/TotalLiabilityAmt0465018
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERVICES PROVIDED TO CULTIVATE THE GROWTH OF SEVERAL NEW BUSINESSES BY PROVIDING BUSINESS DEVELOPMENT ASSISTANCE TO AREA ENTREPRENEURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUPPLIES 19,631 4,970 248 PARKING 12,197 2,178 145 ELEVATOR SERVICE 7,939 1,985 0 SECURITY AND CLEANING 6,756 0 0 OTHER TAXES 5,086 1,272 0 BANK FEES 0 4,686 0 COPIES 2,424 606 0 TELEPHONE 1,855 470 23 BAD DEBT 2,280 0 0 EQUIPMENT RENTAL 1,807 452 0 MISCELLANEOUS 1,440 365 18 DUES AND SUBSCRIPTIONS 418 104 0 POSTAGE AND SHIPPING 373 94 5 PROPERTY TAXES 178 44 0 TOTAL 62,384 17,226 439
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 643
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03631158
IRS990/TotalAssetsEOYAmt03472872
IRS990/TotalAssetsGrp/BOYAmt03631158
IRS990/TotalAssetsGrp/EOYAmt03472872
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01322
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014029
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163344
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0529793
IRS990/TotalFunctionalExpensesGrp/TotalAmt0707166
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0568594
IRS990/TotalLiabilitiesEOYAmt0556445
IRS990/TotalLiabilitiesGrp/BOYAmt0568594
IRS990/TotalLiabilitiesGrp/EOYAmt0556445
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03062564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02916427
IRS990/TotalProgramServiceExpensesAmt0529793
IRS990/TotalProgramServiceRevenueAmt0594286
IRS990/TotalReportableCompFromOrgAmt0110000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0594286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0595608
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03631158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03472872
IRS990/TravelGrp/FundraisingAmt0168
IRS990/TravelGrp/ManagementAndGeneralAmt0253
IRS990/TravelGrp/ProgramServicesAmt01263
IRS990/TravelGrp/TotalAmt01684
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03062564
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02916427
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt023075
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt032145
IRS990/USAddress/AddressLine1Txt0516 TENNESSEE ST
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038103
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.EMERGEMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON CROTHERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS INCUBATOR SYSTEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0621739744
ReturnHeader/Filer/USAddress/AddressLine1Txt0516 TENNESSEE STREET
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038103
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C3144B696B880A73B6C394F19EDD1CF9E19F7C97
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C3144B696B880A73B6C394F19EDD1CF9E19F7C97
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205278613
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATRICK ACCOUNTING & TAX SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05570 MURRAY AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381193805
ReturnHeader/PreparerPersonGrp/PhoneNum09017555858
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER L GANN EA
ReturnHeader/ReturnTs02018-05-14T17:18:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,472,872
Liabilities
$556,445
Net assets
$2,916,427
Revenue
$595,608
Expenses
$707,166
Net income
-$111,558
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.09$1.40$1.31
2019Detailed filing. Detailed filing data is available for this year.$1.39$0.08$1.31$0.83$0.54$1.36
2018Detailed filing. Detailed filing data is available for this year.$3.34$0.67$2.67$0.57$0.82$0.24
2017Detailed filing. Detailed filing data is available for this year.$3.47$0.56$2.92$0.60$0.71$0.11
2016Detailed filing. Detailed filing data is available for this year.$3.63$0.57$3.06$0.54$0.66$0.12
2015Summary only. Only limited summary data is available for this year.$3.79$0.62$3.18$0.51$0.68$0.16
2014Summary only. Only limited summary data is available for this year.$3.97$0.62$3.34$0.65$0.74$0.08
2013Summary only. Only limited summary data is available for this year.$4.14$0.72$3.43$0.57$0.69$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.27$0.72$3.55$0.72
2011Summary only. Only limited summary data is available for this year.$4.32$0.67$3.65$1.44$0.61$0.83
2010Summary only. Only limited summary data is available for this year.$3.20$0.38$2.82$0.49$0.56$0.06