Civic Intelligence

Inncuvate Community Development Partners Inc.

990 • Fiscal year 2023 • EIN 84-4151627

Jan 01, 2023 to Dec 31, 2023 • Filed on May 10, 2024

Organization ProfileWWW.INNCUVATE.ORG
9701 Apollo Drive Suite 301Largo, MD 20774

(301) 683-7373

Siviq Scores

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

Liabilities / Assets

80th percentile

0.11x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

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

Net Margin

13th percentile

-35%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

4th percentile

-86%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-55%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$2,741

Down $17,498 (-86%) from 2022

Net Assets

Down

$2,447

Down $17,694 (-88%) from 2022

Liabilities

Up

$294

Up $196 (+200%) from 2022

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin13th percentile

Revenue

Down

$50,024

Down $61,481 (-55%) from 2022

Expenses

Down

$67,718

Down $41,315 (-38%) from 2022

Net Income

Down

-$17,694

Down $20,166 (-816%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$100K$50K$0Assets 2020: $12,947Liabilities 2020: $2,825Net Assets 2020: $10,1222020Assets 2021: $19,127Liabilities 2021: $1,458Net Assets 2021: $17,6692021Assets 2022: $20,239Liabilities 2022: $98Net Assets 2022: $20,1412022Assets 2023: $2,741Liabilities 2023: $294Net Assets 2023: $2,4472023Assets 2024: $91,845Liabilities 2024: $202Net Assets 2024: $91,6432024

Highlighted filing

2023

Assets$2,741
Liabilities$294
Net Assets$2,447
Open 2023 Filing

Operations Trend

Revenue Growth10th percentile

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

$200K$100K$0-$100KRevenue 2020: $13,004Expenses 2020: $2,882Net Income 2020: $10,1222020Revenue 2021: $20,007Expenses 2021: $12,460Net Income 2021: $7,5472021Revenue 2022: $111,505Expenses 2022: $109,033Net Income 2022: $2,4722022Revenue 2023: $50,024Expenses 2023: $67,718Net Income 2023: -$17,6942023Revenue 2024: $196,570Expenses 2024: $107,374Net Income 2024: $89,1962024

Highlighted filing

2023

Revenue$50,024
Expenses$67,718
Net Income-$17,694
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v5.0
Gross Receipts
$50,024
Mission and Program Overview

Mission

Inncuvate community development partners inc. (inncuvate cdp) exists to build thriving communities that fuel creativity and ambition. We focus on combating community deterioration by assisting and promoting local development and revitalization of under-served and blighted communities; and building thriving communities by assisting and promoting sustainable community economic development projects including (but not limited to) workforce development and entrepreneurial development opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,239$2,741▼ $17,498
Total Assets$20,239$2,741▼ $17,498
Liabilities
Other Liabilities$98$294▲ $196
Total Liabilities$98$294▲ $196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,141$2,447▼ $17,694
Total Net Assets Fund Balance$20,141$2,447▼ $17,694
Total Liabilities and Net Assets / Fund Balance$20,239$2,741▼ $17,498
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Mark LawrenceExecutive Di
Tonia WellonsSecretary
Brunson CooperTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,024
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$24
Change in Net Assets
$-17,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$59,700--$59,700
Fees for Services Accounting-$3,600-$3,600
Office Expenses$859$992-$1,851
Insurance-$350-$350
Fees for Services Legal-$225-$225
Other Expenses$140$33-$33
All Other Expenses-$20-$20
Total Functional Expenses$62,199$5,519$0$67,718
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
Credit Card Payable$294
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
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

“Director does a formal review with cpa and board members.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Inncuvate Community Development
EIN
84-4151627
Phone
3016837373
Address
9701 APOLLO DRIVE SUITE 301, LARGO, MD 20774

Signing Officer

Name
Mark Lawrence
Title
Executive Director
Phone
3016837373
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Lawrence
Formed
2019
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Charles P Myrick CPA
Address
805 15TH ST NW STE 805, WASHINGTON, DC 20005
Preparer
Charles Myrick CPA
Phone
2027898898
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Inncuvate community development partners inc. (inncuvate cdp) exists to build thriving communities that fuel creativity and ambition. We focus on combating community deterioration by assisting and promoting local development and revitalization of under-served and blighted communities; and building thriving communities by assisting and promoting sustainable community economic development projects including (but not limited to) workforce development and entrepreneurial development opportunities.”

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

“Entrepreneur ecosystem building the purpose of the grant was to pilot an innovation and entrepreneurship learning series to help entrepreneur support organizations gain a better understanding of the local entrepreneur ecosystem metrics in order to perform an entrepreneur ecosystem health assessment. Participants were made familiar with the tools used to effectively measure community growth and acquire new ways to tell stories about the positive impact on their ecosystems. The tools are intended to baseline and continually measure the prince george's county entrepreneur ecosystem. The program will focus on skills building and level setting county entrepreneur support organizations on meaning, measuring, communication, and focusing information on the development of entrepreneurs in prince george's county.”

Form 990, Part IX, Line 11G

“Contract labor 59,700 0 0”

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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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IRS990/MissionDesc0INNCUVATE COMMUNITY DEVELOPMENT PARTNERS INC. (INNCUVATE CDP) EXISTS TO BUILD THRIVING COMMUNITIES THAT FUEL CREATIVITY AND AMBITION. WE FOCUS ON COMBATING COMMUNITY DETERIORATION BY ASSISTING AND PROMOTING LOCAL DEVELOPMENT AND REVITALIZATION OF UNDER-SERVED AND BLIGHTED COMMUNITIES; AND BUILDING THRIVING COMMUNITIES BY ASSISTING AND PROMOTING SUSTAINABLE COMMUNITY ECONOMIC DEVELOPMENT PROJECTS INCLUDING (BUT NOT LIMITED TO) WORKFORCE DEVELOPMENT AND ENTREPRENEURIAL DEVELOPMENT OPPORTUNITIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ENTREPRENEUR INFRASTRACTURE INNCUVATE COMMUNITY DEVELOPMENT PARTNERS INC., (ICDP) HAS BEGUN THE PLANNING AND DESIGN OF IT'S FIRST COMMUNITY-BASED CAMPUS IN LARGO, MD WHICH WILL CREATE PROFESSIONAL AND ENTREPRENEURIAL CAREER ON-RAMPS BY ENGAGING COLLECTIVE EXPERIENCES THAT ARE FAMILIAR, PROVIDE CONNECTIVE EXPOSURE TO EMERGING TECHNOLOGIES, AND OFFER RELATED TECHNOLOGY EDUCATION AND EXPERT MENTORSHIP. THE GOAL IS TO ENABLE ACTIONABLE PATHWAYS FOR PARTICIPANTS TO BECOME IMPACTFUL CHANGE AGENTS OF THE FUTURE BY FACILITATING A SUSTAINABLE COMMUNITY CULTURE OF INNOVATION AND RELATED SKILLS DEVELOPMENT IN COMMUNITIES OF COLOR GOING FORWARD.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INNCUVATE COMMUNITY DEVELOPMENT PARTNERS INC. (INNCUVATE CDP) EXISTS TO BUILD THRIVING COMMUNITIES THAT FUEL CREATIVITY AND AMBITION. WE FOCUS ON COMBATING COMMUNITY DETERIORATION BY ASSISTING AND PROMOTING LOCAL DEVELOPMENT AND REVITALIZATION OF UNDER-SERVED AND BLIGHTED COMMUNITIES; AND BUILDING THRIVING COMMUNITIES BY ASSISTING AND PROMOTING SUSTAINABLE COMMUNITY ECONOMIC DEVELOPMENT PROJECTS INCLUDING (BUT NOT LIMITED TO) WORKFORCE DEVELOPMENT AND ENTREPRENEURIAL DEVELOPMENT OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENTREPRENEUR ECOSYSTEM BUILDING THE PURPOSE OF THE GRANT WAS TO PILOT AN INNOVATION AND ENTREPRENEURSHIP LEARNING SERIES TO HELP ENTREPRENEUR SUPPORT ORGANIZATIONS GAIN A BETTER UNDERSTANDING OF THE LOCAL ENTREPRENEUR ECOSYSTEM METRICS IN ORDER TO PERFORM AN ENTREPRENEUR ECOSYSTEM HEALTH ASSESSMENT. PARTICIPANTS WERE MADE FAMILIAR WITH THE TOOLS USED TO EFFECTIVELY MEASURE COMMUNITY GROWTH AND ACQUIRE NEW WAYS TO TELL STORIES ABOUT THE POSITIVE IMPACT ON THEIR ECOSYSTEMS. THE TOOLS ARE INTENDED TO BASELINE AND CONTINUALLY MEASURE THE PRINCE GEORGE'S COUNTY ENTREPRENEUR ECOSYSTEM. THE PROGRAM WILL FOCUS ON SKILLS BUILDING AND LEVEL SETTING COUNTY ENTREPRENEUR SUPPORT ORGANIZATIONS ON MEANING, MEASURING, COMMUNICATION, AND FOCUSING INFORMATION ON THE DEVELOPMENT OF ENTREPRENEURS IN PRINCE GEORGE'S COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTOR DOES A FORMAL REVIEW WITH CPA AND BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT LABOR 59,700 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt098
IRS990/TotalLiabilitiesEOYAmt0294
IRS990/TotalLiabilitiesGrp/BOYAmt098
IRS990/TotalLiabilitiesGrp/EOYAmt0294
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02447
IRS990/TotalProgramServiceExpensesAmt062199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050024
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020239
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02741
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02003 WATER LEAF WAY
IRS990/USAddress/CityNm0BOWIE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020721
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.INNCUVATE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK LAWRENCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03016837373
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNCUVATE COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PARTNERS INC
ReturnHeader/Filer/BusinessNameControlTxt0INNC
ReturnHeader/Filer/EIN0844151627
ReturnHeader/Filer/PhoneNum03016837373
ReturnHeader/Filer/USAddress/AddressLine1Txt09701 APOLLO DRIVE SUITE 301
ReturnHeader/Filer/USAddress/CityNm0LARGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020774
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465293995
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES P MYRICK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0805 15TH ST NW STE 805
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020005
ReturnHeader/PreparerPersonGrp/PhoneNum02027898898
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES MYRICK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-14T16:27:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LAWRENCE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,741
Liabilities
$294
Net assets
$2,447
Revenue
$50,024
Expenses
$67,718
Net income
-$17,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$1.97$1.07$0.89
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.02$0.50$0.68$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$1.12$1.09$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.20$0.12$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.03$0.10$0.13$0.03$0.10