Civic Intelligence

Innovation Depot Inc.

990 • Fiscal year 2017 • EIN 63-0917530

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 24, 2018

Organization ProfileWWW.INNOVATIONDEPOT.ORG

View Organization Page

1500 1st Avenue NorthBirmingham, AL 35203

(205) 250-8000

Siviq Scores

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

Liabilities / Assets

58th percentile

0.30x

Higher debt load relative to assets than 58% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.50x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

51st percentile

3.0%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$187,678

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

29th percentile

-0.7%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

42%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$15,992,588

Down $117,359 (-0.7%) from 2016

Net Assets

Up

$11,201,588

Up $95,815 (+0.9%) from 2016

Liabilities

Down

$4,791,000

Down $213,174 (-4.3%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin51st percentile

Revenue

Up

$3,198,058

Up $953,377 (+42%) from 2016

Expenses

Up

$3,102,243

Up $714,962 (+30%) from 2016

Net Income

Up

$95,815

Up $238,415 (+167%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $9,768,307Liabilities 2011: $356,805Net Assets 2011: $9,411,5022011Assets 2012: $12,644,235Liabilities 2012: $684,545Net Assets 2012: $11,959,6902012Assets 2013: $17,237,534Liabilities 2013: $5,506,264Net Assets 2013: $11,731,2702013Assets 2014: $16,707,827Liabilities 2014: $5,294,125Net Assets 2014: $11,413,7022014Assets 2015: $16,401,502Liabilities 2015: $5,153,129Net Assets 2015: $11,248,3732015Assets 2016: $16,109,947Liabilities 2016: $5,004,174Net Assets 2016: $11,105,7732016Assets 2017: $15,992,588Liabilities 2017: $4,791,000Net Assets 2017: $11,201,5882017Assets 2018: $15,945,504Liabilities 2018: $4,525,875Net Assets 2018: $11,419,6292018Assets 2019: $15,647,592Liabilities 2019: $4,271,602Net Assets 2019: $11,375,9902019Assets 2020: $15,861,384Liabilities 2020: $4,453,588Net Assets 2020: $11,407,7962020Assets 2021: $15,832,125Liabilities 2021: $4,735,954Net Assets 2021: $11,096,1712021Assets 2022: $15,060,564Liabilities 2022: $4,409,705Net Assets 2022: $10,650,8592022Assets 2023: $16,239,208Liabilities 2023: $3,667,821Net Assets 2023: $12,571,3872023Assets 2024: $16,676,067Liabilities 2024: $3,308,629Net Assets 2024: $13,367,4382024

Highlighted filing

2017

Assets$15,992,588
Liabilities$4,791,000
Net Assets$11,201,588
Open 2017 Filing

Operations Trend

Revenue Growth86th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,023,6232011Expenses 2012: $2,420,6942012Expenses 2013: $2,272,6072013Revenue 2014: $2,091,008Expenses 2014: $2,408,576Net Income 2014: -$317,5682014Revenue 2015: $2,206,759Expenses 2015: $2,382,300Net Income 2015: -$175,5412015Revenue 2016: $2,244,681Expenses 2016: $2,387,281Net Income 2016: -$142,6002016Revenue 2017: $3,198,058Expenses 2017: $3,102,243Net Income 2017: $95,8152017Revenue 2018: $3,462,796Expenses 2018: $3,266,921Net Income 2018: $195,8752018Revenue 2019: $3,351,433Expenses 2019: $3,332,466Net Income 2019: $18,9672019Revenue 2020: $3,144,705Expenses 2020: $3,112,895Net Income 2020: $31,8102020Revenue 2021: $3,165,143Expenses 2021: $3,466,264Net Income 2021: -$301,1212021Revenue 2022: $2,997,256Expenses 2022: $3,442,568Net Income 2022: -$445,3122022Revenue 2023: $5,731,968Expenses 2023: $3,233,777Net Income 2023: $2,498,1912023Revenue 2024: $4,662,387Expenses 2024: $3,866,336Net Income 2024: $796,0512024

Highlighted filing

2017

Revenue$3,198,058
Expenses$3,102,243
Net Income$95,815
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 24, 2018
Return Version
2016v3.0
Gross Receipts
$3,198,058
Mission and Program Overview

Mission

To provide an environment in which start up/growth phase businesses can develop, grow, and succeed by offering management assistance and a business incubation center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,306,827$14,950,171▼ $356,656
Cash and Non-Interest-Bearing Accounts$504,918$671,671▲ $166,753
Savings and Temporary Cash Investments$220,705$221,731▲ $1,026
Pledges and Grants Receivable$39,170$149,015▲ $109,845
Prepaid Expenses and Deferred Charges$2,903--
Total Assets$16,074,523$15,992,588▼ $81,935
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,697,737$4,502,114▼ $195,623
Accounts Payable and Accrued Expenses$148,455$156,850▲ $8,395
Other Liabilities$122,558$132,036▲ $9,478
Total Liabilities$4,968,750$4,791,000▼ $177,750
Net Assets / Fund Balance
Unrestricted Net Assets$11,095,773$10,988,589▼ $107,184
Temporarily Rstr Net Assets$10,000$212,999▲ $202,999
Total Net Assets Fund Balance$11,105,773$11,201,588▲ $95,815
Total Liabilities and Net Assets / Fund Balance$16,074,523$15,992,588▼ $81,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,430,128$4,257,964$14,688,092
Land$2,771,000-$2,771,000
Leasehold Improvements$804,228$259,400$1,063,628
Equipment$662,129$213,567$875,696
Other Land Buildings$282,686$91,179$373,865
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas LaneyPresident & CEOFT$149,178$38,500$187,678
Molly WatkinsCOOFT$104,147$9,000$113,147
Desiree PageControllerFT$70,753$9,000$79,753

Board Members and Trustees

NameTitle
Alan DeanBoard Member
Art TiptonBoard Member
Bob CrutchfieldBoard Member
Brian BucherBoard Member
Cecil BostanyBoard Member
David BrownBoard Member
Eric Jack PhdBoard Member
Gene PriceBoard Member
Greg BarkerBoard Member
Greg CanfieldBoard Member
Hb BrantleyBoard Member
Iwan AlexanderBoard Member
James ChildsBoard Member
James OutlandBoard Member
John McdonaldBoard Member
Jonathan GeisenBoard Member
Kathy Nugent PhdBoard Member
Keith BarfieldBoard Member
Lee Smith JrBoard Member
Lisa CooperBoard Member
Mark DrewBoard Member
Michel MarcouxBoard Member
Mike RossBoard Member
Ray WattsBoard Member
Richard Marchase PhdBoard Member
Scott AdamsBoard Member
Scott McglaunBoard Member
Stan GravesBoard Member
Will GoodrichBoard Member
William RitterBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$977,166
Program Service Revenue
$2,183,672
Investment Income
$837
Other Revenue
$36,383
All Other Contributions
$577,166
Change in Net Assets
$95,815

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,198,058
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,198,058
Total Revenue per Form 990
$3,198,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,411,973
Salaries, Compensation, and Employee Benefits$690,270
Total Fundraising Expense$82,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$527,272$72,923$13,221$613,416
Depreciation Depletion$440,340$48,927-$489,267
Occupancy$317,789$38,010-$355,799
Other Salaries and Wages$286,182-$19,805$305,987
Current Officers, Directors, Trustees, and Key Employees$7,375$211,720$36,336$255,431
Interest$141,868$83,319-$225,187
Information Technology$60,799$35,708-$96,507
Other Employee Benefits$46,630$9,326$6,217$62,173
Insurance$36,998$4,111-$41,109
Payroll Taxes$30,786$6,157$4,105$41,048
Conferences and Meetings$22,227$13,065-$35,292
Pension Plan Contributions$19,224$3,844$2,563$25,631
Fees for Services Other$9,765$5,735-$15,500
Fees for Services Legal$7,988$4,692-$12,680
Fees for Services Accounting$6,615$3,885-$10,500
Advertising$7,990$889-$8,879
Other Expenses$4,937$2,900-$7,837
Total Functional Expenses$2,474,785$545,211$82,247$3,102,243

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,102,243
Total Expenses per Audited Statements$3,102,243
Total Expenses per Form 990$3,102,243
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Security Deposits$132,036
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
No
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, Part VI, Section A, line 1

“At each annual meeting of the board of directors, a number of directors consituting not less than three (3) or more than fifteen (15), to include the chairman, shall be elected to serve on the executive committee. The board of the directors shall elect the members of the executive committee from among those directors nominated by the president of the corporation, with the advice and consent of the chairman, and presented to the board for its consideration and action. The president of the corporation shall serve as an ex officio, non-voting member of the executive committee. The size of the executive committee shall possess and may exercise all of the powers and functions of the board of directors in the management and direction of the affairs of the corporation in all cases in which specific directions shall not have been given by the board of directors.”

Form 990, Part VI, Section B, line 11B

“The board's executive committee was provided the 990 for review at the end of the audit prior to filing the form 990.”

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

“The organization requires board members to review the conflict of interest policy and disclose potential conflicts biannually.”

Form 990, Part VI, Section B, line 15A

“The executive committee reviews the CEO's salary. The CEO salary is based upon local economy and the organization's operating budget. The approval of the salaries is part of the annual budget approval process.”

Form 990, Part VI, Section C, line 18

“In addition, recent filings of the form 990 are made available at www.guidestar.org.”

Form 990, Part VI, Section C, line 19

“The organization maintains the governing documents and audited financial statements at the administrative offices.”

Filing and Contact Details

Filer

Filer Name
Innovation Depot Inc
EIN
63-0917530
Phone
2052508000
Address
1500 1ST AVENUE NORTH, BIRMINGHAM, AL 35203

Signing Officer

Name
signing officer
Title
President & CEO
Phone
2052508000
Signed
2018-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Laney
Formed
1985
Legal Domicile
Al
Voting Board Members
30
Independent Board Members
30
Employees
10
Volunteers
25

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Company is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Center believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the consolidated financial statements.”

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IRS990/Form990PartVIISectionAGrp/PersonNm2KEITH BARFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm3CECIL BOSTANY
IRS990/Form990PartVIISectionAGrp/PersonNm4HB BRANTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm6GREG CANFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES CHILDS
IRS990/Form990PartVIISectionAGrp/PersonNm8BOB CRUTCHFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm9ALAN DEAN
IRS990/Form990PartVIISectionAGrp/PersonNm10MARK DREW
IRS990/Form990PartVIISectionAGrp/PersonNm11JONATHAN GEISEN
IRS990/Form990PartVIISectionAGrp/PersonNm12WILL GOODRICH
IRS990/Form990PartVIISectionAGrp/PersonNm13STAN GRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm14GREG BARKER
IRS990/Form990PartVIISectionAGrp/PersonNm15ERIC JACK PHD
IRS990/Form990PartVIISectionAGrp/PersonNm16ART TIPTON
IRS990/Form990PartVIISectionAGrp/PersonNm17RICHARD MARCHASE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm18JOHN MCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm19SCOTT MCGLAUN
IRS990/Form990PartVIISectionAGrp/PersonNm20JAMES OUTLAND
IRS990/Form990PartVIISectionAGrp/PersonNm21GENE PRICE
IRS990/Form990PartVIISectionAGrp/PersonNm22WILLIAM RITTER
IRS990/Form990PartVIISectionAGrp/PersonNm23MIKE ROSS
IRS990/Form990PartVIISectionAGrp/PersonNm24LEE SMITH JR
IRS990/Form990PartVIISectionAGrp/PersonNm25RAY WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm26BRIAN BUCHER
IRS990/Form990PartVIISectionAGrp/PersonNm27LISA COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm28MICHEL MARCOUX
IRS990/Form990PartVIISectionAGrp/PersonNm29KATHY NUGENT PHD
IRS990/Form990PartVIISectionAGrp/PersonNm30THOMAS LANEY
IRS990/Form990PartVIISectionAGrp/PersonNm31DESIREE PAGE
IRS990/Form990PartVIISectionAGrp/PersonNm32MOLLY WATKINS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt31CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt32COO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt0400000
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt04111
IRS990/InsuranceGrp/ProgramServicesAmt036998
IRS990/InsuranceGrp/TotalAmt041109
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide an environment in which start up/growth phase businesses can develop, grow, and succeed by offering management assistance and a business incubation center.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/ProgramServicesAmt0317789
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IRS990/OfficeExpensesGrp/FundraisingAmt013221
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt072923
IRS990/OfficeExpensesGrp/ProgramServicesAmt0527272
IRS990/OfficeExpensesGrp/TotalAmt0613416
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06217
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09326
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt046630
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062173
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1INVESTMENT IMPAIRMENT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02900
IRS990/OtherExpensesGrp/ProgramServicesAmt0350000
IRS990/OtherExpensesGrp/ProgramServicesAmt1150000
IRS990/OtherExpensesGrp/ProgramServicesAmt24937
IRS990/OtherExpensesGrp/TotalAmt0350000
IRS990/OtherExpensesGrp/TotalAmt1150000
IRS990/OtherExpensesGrp/TotalAmt27837
IRS990/OtherLiabilitiesGrp/BOYAmt0122558

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$15,992,588
Liabilities
$4,791,000
Net assets
$11,201,588
Revenue
$3,198,058
Expenses
$3,102,243
Net income
$95,815
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.7$3.31$13.4$4.66$3.87$0.80
2023Detailed filing. Detailed filing data is available for this year.$16.2$3.67$12.6$5.73$3.23$2.50
2022Detailed filing. Detailed filing data is available for this year.$15.1$4.41$10.7$3.00$3.44$0.45
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$4.74$11.1$3.17$3.47$0.30
2020Detailed filing. Detailed filing data is available for this year.$15.9$4.45$11.4$3.14$3.11$0.03
2019Detailed filing. Detailed filing data is available for this year.$15.6$4.27$11.4$3.35$3.33$0.02
2018Detailed filing. Detailed filing data is available for this year.$15.9$4.53$11.4$3.46$3.27$0.20
2017Detailed filing. Detailed filing data is available for this year.$16.0$4.79$11.2$3.20$3.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$16.1$5.00$11.1$2.24$2.39$0.14
2015Detailed filing. Detailed filing data is available for this year.$16.4$5.15$11.2$2.21$2.38$0.18
2014Detailed filing. Detailed filing data is available for this year.$16.7$5.29$11.4$2.09$2.41$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$5.51$11.7$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.68$12.0$2.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.77$0.36$9.41$2.02