Civic Intelligence

The Thinkubator Inc.

990 • Fiscal year 2021 • EIN 85-1875592

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 28, 2021

Organization Profilewww.thethinkubator.org

View Organization Page

598 Beech Terrace STE 1FBronx, NY 10454

(347) 468-6621

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.02x

Higher debt load relative to assets than 1% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

1st percentile

-0.01x

Higher debt load relative to revenue than 1% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Net Margin

93rd percentile

51%

Higher net margin than 93% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$130,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets1st percentile

Assets

$649,731

No earlier filing loaded for comparison.

Net Assets

$663,452

No earlier filing loaded for comparison.

Liabilities

-$13,721

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin93rd percentile

Revenue

$1,304,275

No earlier filing loaded for comparison.

Expenses

$640,823

No earlier filing loaded for comparison.

Net Income

$663,452

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KAssets 2021: $649,731Liabilities 2021: -$13,721Net Assets 2021: $663,4522021

Highlighted filing

2021

Assets$649,731
Liabilities-$13,721
Net Assets$663,452
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2021: $1,304,275Expenses 2021: $640,823Net Income 2021: $663,4522021

Highlighted filing

2021

Revenue$1,304,275
Expenses$640,823
Net Income$663,452
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 28, 2021
Return Version
2020v4.1
Gross Receipts
$1,304,275
Mission and Program Overview

Mission

The Thinkubator is a Bronx-based innovation and workforce development organization. We bring power to youth voices through internships, consultancy, work-based learning experiences, jobs, academic advising, mental health and wellness and career counseling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$369,186-
Cash and Non-Interest-Bearing Accounts-$280,545-
Total Assets$0$649,731▲ $649,731
Liabilities
Other Liabilities-$-13,721-
Total Liabilities$0$-13,721▼ $13,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$663,452-
Total Net Assets Fund Balance$0$663,452▲ $663,452
Total Liabilities and Net Assets / Fund Balance$0$649,731▲ $649,731
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Edward SummersCEOFT$130,000$130,000

Board Members and Trustees

NameTitle
Jessica Johnson-PopeChair
Alex MargovskyBoard Member
Amina YamusahBoard Member
Brenda RosenBoard Member
Calvin McCoyBoard Member
Carina HayekBoard Member
Cecil BrooksBoard Member
Jason AcostaBoard Member
Jason DuchinBoard Member
Lessie BranchBoard Member
Lynne HoldenBoard Member
Marlene CintronBoard Member
Monica MajorBoard Member
Naomi OkunroboBoard Member
Rachel Charlop-PowersBoard Member
Talika SummersBoard Member
Terrence TurnerBoard Member
Tim LordBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,149,525
Program Service Revenue
$154,750
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$663,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$386,702
Other Expenses$165,990
Grants and Similar Amounts Paid$88,131
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$289,757--$289,757
Grants to Domestic Individuals$85,440--$85,440
Payroll Taxes$67,204--$67,204
Occupancy-$37,049-$37,049
Other Employee Benefits$29,741--$29,741
Fees for Services Other-$25,193-$25,193
Fees for Services Legal-$9,558-$9,558
Insurance-$7,857-$7,857
Information Technology-$6,006-$6,006
Advertising$5,518--$5,518
Travel$5,422--$5,422
Other Expenses$2,881$2,648-$2,881
Grants to Domestic Orgs$2,691--$2,691
All Other Expenses-$762-$762
Office Expenses-$647-$647
Total Functional Expenses$503,548$137,275$0$640,823
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Garnishments$3,333
Ny Fli$998
Ny Sdi$98
Employer Benefit Liabilities$-18,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Executive & Finance Committees review the Form 990 prior to filing. All Board Members receive an electronic copy when the return is filed.”

Form 990 availability to public Part VI line 18

“The 990 is available upon formal request.”

Governing documents etc available to public Part VI line 19

“Governing body documents are avialalbe upon written request.”

Filing and Contact Details

Filer

Filer Name
The Thinkubator
EIN
85-1875592
Address
598 Beech Terrace STE 1F, Bronx, NY 10454
Doing Business As
The Thinkubator

Signing Officer

Name
Edward Summers
Title
CEO
Phone
3474686621
Signed
2021-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Summers
Formed
2020
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
8

Preparer

Firm
Cory W Johnson CPA LLC
Address
6901 Saint Ambrose Way, Landover, MD 20785
Preparer
Cory W Johnson CPA
Phone
4438653778
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IRS990/OtherLiabilitiesGrp/EOYAmt0-13721
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0289757
IRS990/OtherSalariesAndWagesGrp/TotalAmt0289757
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt067204
IRS990/PayrollTaxesGrp/TotalAmt067204
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0369186
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Edward Summers
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0Government
IRS990/ProgramServiceRevenueGrp/Desc1Pledges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1150000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0663452
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01304275
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01304275
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0101533
IRS990ScheduleA/SubstantialContributorsTotAmt01202742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01304275
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01304275
IRS990ScheduleA/TotalSupportAmt01304275
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-18150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2998
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Employee Garnishments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Employer Benefit Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NY FLI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NY SDI
IRS990ScheduleD/TotalLiabilityAmt0-13721
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive & Finance Committees review the Form 990 prior to filing. All Board Members receive an electronic copy when the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is available upon formal request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing body documents are avialalbe upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0649731
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0649731
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01149525
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0137275
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0503548
IRS990/TotalFunctionalExpensesGrp/TotalAmt0640823
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0-13721
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0-13721
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0663452
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0503548
IRS990/TotalProgramServiceRevenueAmt0154750
IRS990/TotalReportableCompFromOrgAmt0130000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01304275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0649731
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05422
IRS990/TravelGrp/TotalAmt05422
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$649,731
Liabilities
-$13,721
Net assets
$663,452
Revenue
$1,304,275
Expenses
$640,823
Net income
$663,452
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.66$1.30$0.64$0.66
Peer Organizations

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