Civic Intelligence

Incubate

990 • Fiscal year 2022 • EIN 85-4136963

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

Organization ProfileWWW.INCUBATECOALITION.ORG
1333 H Street NW 800EWashington, DC 20005

(202) 629-5190

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

31st percentile

-1.9%

Higher net margin than 31% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

10th percentile

-19%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$194,061

Down $45,389 (-19%) from 2021

Net Assets

Down

$194,061

Down $13,389 (-6.5%) from 2021

Liabilities

Down

$0

Down $32,000 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin31st percentile

Revenue

Down

$715,051

Down $1,560,004 (-69%) from 2021

Expenses

Down

$728,440

Down $1,474,279 (-67%) from 2021

Net Income

Down

-$13,389

Down $85,725 (-119%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0Assets 2021: $239,450Liabilities 2021: $32,000Net Assets 2021: $207,4502021Assets 2022: $194,061Liabilities 2022: $0Net Assets 2022: $194,0612022Assets 2023: $112,251Liabilities 2023: $0Net Assets 2023: $112,2512023Assets 2024: $967,600Liabilities 2024: $305,073Net Assets 2024: $662,5272024

Highlighted filing

2022

Assets$194,061
Liabilities$0
Net Assets$194,061
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $2,275,055Expenses 2021: $2,202,719Net Income 2021: $72,3362021Revenue 2022: $715,051Expenses 2022: $728,440Net Income 2022: -$13,3892022Revenue 2023: $995,261Expenses 2023: $1,077,071Net Income 2023: -$81,8102023Revenue 2024: $1,800,052Expenses 2024: $1,249,776Net Income 2024: $550,2762024

Highlighted filing

2022

Revenue$715,051
Expenses$728,440
Net Income-$13,389
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$715,051
Mission and Program Overview

Mission

We help ensure patients continue to benefit from the unrelenting innovation spurred by venture capital investment in life sciences and protected by america's intellectual property system.

Incubate is a 501(c)(4) organization of venture capital firms representing the patient, corporate, and investment communities, whose primary aim is to educate policymakers on the role of investments in bringing promising treatments to patients in need. Incubate helps to ensure patients continue to benefit from the unrelenting innovation spurred by venture capital investment in the life sciences and protected by america's intellectual property system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$199,450$194,061▼ $5,389
Accounts Receivable$40,000$0▼ $40,000
Total Assets$239,450$194,061▼ $45,389
Liabilities
Accounts Payable and Accrued Expenses$32,000$0▼ $32,000
Total Liabilities$32,000$0▼ $32,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$207,450$194,061▼ $13,389
Total Net Assets Fund Balance$207,450$194,061▼ $13,389
Total Liabilities and Net Assets / Fund Balance$239,450$194,061▼ $45,389
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Lindsay AndroskiPresident
Steve GibsonSecretary
Janis NaeveTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Prism Strategy INCConsulting Services1333 H STREET NW SUITE 800E, Washington, DC 20005$360,000
Context StrategiesConsulting Services909 E STREET 2ND FL, Washington, DC 20004$147,500
Revenue and Support

Revenue Composition

Contributions and Grants
$715,000
Program Service Revenue
$0
Investment Income
$51
Other Revenue
$0
Change in Net Assets
$-13,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$614,440
Grants and Similar Amounts Paid$114,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$241,062--$241,062
Advertising$195,066--$195,066
Fees for Services Lobbying$127,500--$127,500
Grants to Domestic Orgs$114,000--$114,000
Fees for Services Accounting-$41,048-$41,048
Travel$5,776--$5,776
Office Expenses$2,525--$2,525
Fees for Services Legal-$1,463-$1,463
Total Functional Expenses$685,929$42,511$0$728,440
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Future Forward Events LLCBoston, MAN/aBringing Together Entrepreneurs, Executives and Investors in Technology and Life Sciences.$44,000
Center ForwardMclean, VA501(c)(3)To Give Centrist Allies the Information They Need to Craft Common Sense Bipartisan Solutions, and Provide Those Allies the Support They Need to Turn Those Ideas Into Results.$30,000
Springboard 2000 Enterprises IncMclean, VA501(c)(3)To Support the Health Innovation Program$25,000
Aimhi Accelerator FundRockville, MD501(c)(3)Fund Start-up Oncology Companies, Supporting Innovative Laboratory Breakthroughs That Have the Potential to Save the Lives of Cancer Patients.$15,000
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$127,500
Total Nondeductible Lobbying and Political Cost$127,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 8B

“There are no such committees.”

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

“The organization's form 990 is provided to the board of directors prior to filing for their review.”

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

“It is the responsibility of all persons in positions of trust to disclose potential conflicts of interest on an annual basis, and more often if matters arise, all officers, members of the board of directors, volunteers, and employees shall be provided with a copy of the conflict of interest policy and be required to complete and sign the acknowledgment and disclosure form. All completed forms, as well as other conflicts of interest information provided, shall be forwarded to and reviewed by incubate's president. Incubate's president shall forward such information on potential or actual conflicts of interest to outside counsel, which will review the information and recommend whether further action may be warranted.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Incubate
EIN
85-4136963
Phone
2026295190
Address
1333 H STREET NW 800E, WASHINGTON, DC 20005

Signing Officer

Name
Lindsay Androski
Title
President
Phone
2026295190
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsay Androski
Formed
2020
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Helfer and Company LLC
Address
1101 CONNECTICUT AVE NW SUITE 410, WASHINGTON, DC 20036
Preparer
Alan S Helfer
Phone
2026295190
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultants: program service expenses 241,062. Management and general expenses 0. Fundraising expenses 0. Total expenses 241,062.”

Financial Statement Notes

PART X, LINE 2:

“Incubate is a nonprofit organization exempt from the payment of taxes on income other than net unrelated business income under section 501(c)(4) of the internal revenue code. No provision for income taxes is required for the years ended december 31, 2022 and 2021, as the organization had no net unrelated business income.”

Raw XML Appendix357 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCUBATE IS A NONPROFIT ORGANIZATION EXEMPT FROM THE PAYMENT OF TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, AS THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE HEALTH INNOVATION PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FUND START-UP ONCOLOGY COMPANIES, SUPPORTING INNOVATIVE LABORATORY BREAKTHROUGHS THAT HAVE THE POTENTIAL TO SAVE THE LIVES OF CANCER PATIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TO GIVE CENTRIST ALLIES THE INFORMATION THEY NEED TO CRAFT COMMON SENSE BIPARTISAN SOLUTIONS, AND PROVIDE THOSE ALLIES THE SUPPORT THEY NEED TO TURN THOSE IDEAS INTO RESULTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3BRINGING TOGETHER ENTREPRENEURS, EXECUTIVES AND INVESTORS IN TECHNOLOGY AND LIFE SCIENCES.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3FUTURE FORWARD EVENTS LLC
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd2221013904
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd302116
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IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS THE RESPONSIBILITY OF ALL PERSONS IN POSITIONS OF TRUST TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS, AND MORE OFTEN IF MATTERS ARISE, ALL OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS, VOLUNTEERS, AND EMPLOYEES SHALL BE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND BE REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGMENT AND DISCLOSURE FORM. ALL COMPLETED FORMS, AS WELL AS OTHER CONFLICTS OF INTEREST INFORMATION PROVIDED, SHALL BE FORWARDED TO AND REVIEWED BY INCUBATE'S PRESIDENT. INCUBATE'S PRESIDENT SHALL FORWARD SUCH INFORMATION ON POTENTIAL OR ACTUAL CONFLICTS OF INTEREST TO OUTSIDE COUNSEL, WHICH WILL REVIEW THE INFORMATION AND RECOMMEND WHETHER FURTHER ACTION MAY BE WARRANTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTANTS: PROGRAM SERVICE EXPENSES 241,062. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 241,062.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0239450
IRS990/TotalAssetsEOYAmt0194061
IRS990/TotalAssetsGrp/BOYAmt0239450
IRS990/TotalAssetsGrp/EOYAmt0194061
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0715000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042511
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0685929
IRS990/TotalFunctionalExpensesGrp/TotalAmt0728440
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt032000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0207450
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0194061
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0685929
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt051
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0715051
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0239450
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0194061
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05776
IRS990/TravelGrp/TotalAmt05776
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01333 H STREET NW 800E
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020005
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.INCUBATECOALITION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDSAY ANDROSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02026295190
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INCUBATE
ReturnHeader/Filer/BusinessNameControlTxt0INCU
ReturnHeader/Filer/EIN0854136963
ReturnHeader/Filer/PhoneNum02026295190
ReturnHeader/Filer/USAddress/AddressLine1Txt01333 H STREET NW 800E
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0822363929
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HELFER AND COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01101 CONNECTICUT AVE NW SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02026295190
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN S HELFER
ReturnHeader/ReturnTs02023-11-15T11:10:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDSAY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDROSKI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$194,061
Liabilities
$0
Net assets
$194,061
Revenue
$715,051
Expenses
$728,440
Net income
-$13,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.97$0.31$0.66$1.80$1.25$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.11$1.00$1.08$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.72$0.73$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.03$0.21$2.28$2.20$0.07