Civic Intelligence

Incubator Kitchen Collective Co

990EZ • Fiscal year 2017 • EIN 81-4918647

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

517 W 7th StNewport, KY 41071-0441

(859) 638-4317

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.87x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$28,462

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$6,125

No earlier filing loaded for comparison.

Net Assets

$807

No earlier filing loaded for comparison.

Liabilities

$5,318

No earlier filing loaded for comparison.

Revenue

$132,842

No earlier filing loaded for comparison.

Expenses

$132,035

No earlier filing loaded for comparison.

Net Income

$807

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2017: $6,125Liabilities 2017: $5,318Net Assets 2017: $8072017Assets 2018: $867Liabilities 2018: $2,354Net Assets 2018: -$1,4872018Assets 2019: $17,261Liabilities 2019: $4,642Net Assets 2019: $12,6192019Assets 2020: $37,807Liabilities 2020: $0Net Assets 2020: $37,8072020Assets 2021: $36,851Liabilities 2021: $4,054Net Assets 2021: $32,7972021Assets 2022: $44,888Liabilities 2022: $762Net Assets 2022: $44,1262022Assets 2023: $80,007Liabilities 2023: $619Net Assets 2023: $79,3882023Assets 2024: $68,900Liabilities 2024: $960Net Assets 2024: $67,9402024

Highlighted filing

2017

Assets$6,125
Liabilities$5,318
Net Assets$807

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $132,842Expenses 2017: $132,035Net Income 2017: $8072017Revenue 2018: $224,781Expenses 2018: $227,075Net Income 2018: -$2,2942018Revenue 2019: $183,332Expenses 2019: $169,226Net Income 2019: $14,1062019Revenue 2020: $232,230Expenses 2020: $205,353Net Income 2020: $26,8772020Revenue 2021: $239,830Expenses 2021: $244,840Net Income 2021: -$5,0102021Revenue 2022: $294,794Expenses 2022: $283,465Net Income 2022: $11,3292022Revenue 2023: $302,886Expenses 2023: $267,624Net Income 2023: $35,2622023Revenue 2024: $307,620Expenses 2024: $319,068Net Income 2024: -$11,4482024

Highlighted filing

2017

Revenue$132,842
Expenses$132,035
Net Income$807
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$132,842
Mission and Program Overview

Mission

Incubator kitchen collective creates a shared kitchen space to support food entrepreneurs with an affordable, comprehensive approach. At ikc, food entrepreneurs will find below-market rate licensed kitchen facilities; food-focused entrepreneurial education; a network of markets, investors, mentors and a community of passionate, like-minded peers. During 2018, ikc held four different learning workshops, supported over 35 companies to launch and grow, and started a food education series.

The incubator kitchen collective is a community-driven support system that combines resources, knowledge, and experience to help local food entrepreneurs succeed. We provide education, promote food access, and offer support to our kitchen members and to the community around us.

Program Services

DescriptionGrantsExpenses
INCUBATOR KITCHEN COLLECTIVE CREATES A SHARED KITCHEN SPACE TO SUPPORT FOOD ENTREPRENEURS WITH AN AFFORDABLE, COMPREHENSIVE APPROACH. AT IKC, FOOD ENTREPRENEURS WILL FIND BELOW-MARKET RATE LICENSED KITCHEN FACILITIES; FOOD-FOCUSED ENTREPRENEURIAL EDUCATION; A NETWORK OF MARKETS, INVESTORS, MENTORS AND A COMMUNITY OF PASSIONATE, LIKE-MINDED PEERS. DURING 2017, IKC HELD FIVE DIFFERENT LEARNING WORKSHOPS, SUPPORTED OVER 30 COMPANIES TO LAUNCH AND GROW, AND STARTED A FOOD EDUCATION SERIES.-$109,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TRISTAN CRIGGER THR AUG 17COOPT$28,462-$28,462
RACHEL DESROCHERSCEOPT$6,941-$6,941
STEPHANIE BECK-BORDENDirector-$0--
GERALD GRUBBSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Incubator Kitchen Collective
EIN
81-4918647
Phone
8596384317
Address
517 W 7TH ST, NEWPORT, KY 41071-0441

Signing Officer

Name
Rachel Desrochers
Title
CEO
Phone
8596384317
Signed
2018-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Sheldon Reder Cpas Inc
Address
1230 SPRINGFIELD PIKE, CINCINNATI, OH 45215
Preparer
Mark Reder
Phone
5137714100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 515 office 321 travel 579 insurance 1,056 bank charges 300 dues and subscriptions 151 class events 1,810 interest expense 240 kitchen & office supplies 3,105 meals and entertainment 232 other business expenses 2,266 repairs and maintence 3,368 total 13,943

Form 990-ez, Part II, Line 24

Accounts receivable 0 200 total 0 200

Form 990-ez, Part II, Line 26

Payroll liab 0 1,375 loans from officers 0 3,943

Form 990-ez, Part III

The incubator kitchen collective is a community-driven support system that combines resources, knowledge, and experience to help local food entrepreneurs succeed. We provide education, promote food access, and offer support to our kitchen members and to the community around us.

Form 990-ez, Part III, Line 28

Incubator kitchen collective creates a shared kitchen space to support food entrepreneurs with an affordable, comprehensive approach. At ikc, food entrepreneurs will find below-market rate licensed kitchen facilities; food-focused entrepreneurial education; a network of markets, investors, mentors and a community of passionate, like-minded peers. During 2017, ikc held five different learning workshops, supported over 30 companies to launch and grow, and started a food education series.

Raw XML Appendix148 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/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 515 OFFICE 321 TRAVEL 579 INSURANCE 1,056 BANK CHARGES 300 DUES AND SUBSCRIPTIONS 151 CLASS EVENTS 1,810 INTEREST EXPENSE 240 KITCHEN & OFFICE SUPPLIES 3,105 MEALS AND ENTERTAINMENT 232 OTHER BUSINESS EXPENSES 2,266 REPAIRS AND MAINTENCE 3,368 TOTAL 13,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 0 200 TOTAL 0 200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIAB 0 1,375 LOANS FROM OFFICERS 0 3,943
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INCUBATOR KITCHEN COLLECTIVE IS A COMMUNITY-DRIVEN SUPPORT SYSTEM THAT COMBINES RESOURCES, KNOWLEDGE, AND EXPERIENCE TO HELP LOCAL FOOD ENTREPRENEURS SUCCEED. WE PROVIDE EDUCATION, PROMOTE FOOD ACCESS, AND OFFER SUPPORT TO OUR KITCHEN MEMBERS AND TO THE COMMUNITY AROUND US.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCUBATOR KITCHEN COLLECTIVE CREATES A SHARED KITCHEN SPACE TO SUPPORT FOOD ENTREPRENEURS WITH AN AFFORDABLE, COMPREHENSIVE APPROACH. AT IKC, FOOD ENTREPRENEURS WILL FIND BELOW-MARKET RATE LICENSED KITCHEN FACILITIES; FOOD-FOCUSED ENTREPRENEURIAL EDUCATION; A NETWORK OF MARKETS, INVESTORS, MENTORS AND A COMMUNITY OF PASSIONATE, LIKE-MINDED PEERS. DURING 2017, IKC HELD FIVE DIFFERENT LEARNING WORKSHOPS, SUPPORTED OVER 30 COMPANIES TO LAUNCH AND GROW, AND STARTED A FOOD EDUCATION SERIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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