Civic Intelligence

Salt Lick Incubator Incorporated

990 • Fiscal year 2023 • EIN 88-2523319

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 18, 2024

Organization ProfileWWW.SALTLICKINCUBATOR.ORG

View Organization Page

73 Somerset StreetBelmont, MA 02478

(704) 502-6857

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$110,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

$1,273,273

No earlier filing loaded for comparison.

Net Assets

$1,259,150

No earlier filing loaded for comparison.

Liabilities

$14,123

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin91st percentile

Revenue

$1,799,822

No earlier filing loaded for comparison.

Expenses

$839,019

No earlier filing loaded for comparison.

Net Income

$960,803

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $1,273,273Liabilities 2023: $14,123Net Assets 2023: $1,259,1502023Assets 2024: $2,678,318Liabilities 2024: $8,567Net Assets 2024: $2,669,7512024Assets 2025: $3,585,341Liabilities 2025: $9,799Net Assets 2025: $3,575,5422025

Highlighted filing

2023

Assets$1,273,273
Liabilities$14,123
Net Assets$1,259,150
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Revenue 2023: $1,799,822Expenses 2023: $839,019Net Income 2023: $960,8032023Revenue 2024: $2,391,398Expenses 2024: $978,952Net Income 2024: $1,412,4462024Revenue 2025: $1,903,904Expenses 2025: $998,113Net Income 2025: $905,7912025

Highlighted filing

2023

Revenue$1,799,822
Expenses$839,019
Net Income$960,803
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 18, 2024
Return Version
2022v5.0
Gross Receipts
$1,799,822
Mission and Program Overview

Mission

Salt lick incubator supports emerging musicians with grants, collaborative opportunities, strategy, communication, marketing support, and data analytics, knit together by an overarching focus on wellness. We assemble a supportive community of artists operating within an exploitation free ecosystem of partners who help developing artists discover pathways to sustainable careers. We will aspire to keep the primary focus on the profoundly beautiful act of creating music.

Salt lick incubator supports emerging musicians with grants, collaborative opportunities, strategy, communication, marketing support, and data analytics, knit together by an overarching focus on wellness. We assemble a supportive community of artists operating within an exploitation-free ecosystem of partners who help developing artists discover pathways to sustainable careers. We will aspire to keep the primary focus on the profoundly beautiful act of creating music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$224,726$547,621▲ $322,895
Pledges and Grants Receivable$0$450,000▲ $450,000
Savings and Temporary Cash Investments$75,000$275,281▲ $200,281
Land, Buildings, and Equipment, Net$0$371▲ $371
Total Assets$299,726$1,273,273▲ $973,547
Liabilities
Other Liabilities$0$7,540▲ $7,540
Accounts Payable and Accrued Expenses$0$6,583▲ $6,583
Total Liabilities$0$14,123▲ $14,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$299,726$809,150▲ $509,424
Net Assets With Donor Restrictions$0$450,000▲ $450,000
Total Net Assets Fund Balance$299,726$1,259,150▲ $959,424
Total Liabilities and Net Assets / Fund Balance$299,726$1,273,273▲ $973,547

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$371$4,337$4,708
Other Securities$547,621--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Liza LevyPresidentFT$110,000$110,000

Board Members and Trustees

NameTitle
Roger H Brown JrChairman
Lawrence J SimpsonDirector
Linda a MasonSecretary
Michael EisensonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,776,356
Program Service Revenue
$0
Investment Income
$22,307
Other Revenue
$1,159
All Other Contributions
$1,776,356
Change in Net Assets
$960,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,799,822
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,379
Total Revenue per Audited Statements
$1,798,443
Total Revenue per Form 990
$1,799,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,489
Salaries, Compensation, and Employee Benefits$228,735
Grants and Similar Amounts Paid$117,795
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$117,795--$117,795
Current Officers, Directors, Trustees, and Key Employees$82,500$27,500-$110,000
Other Salaries and Wages$71,078$23,693-$94,771
Advertising$61,695$10,101-$71,796
Fees for Services Other$51,942$9,248-$61,190
Office Expenses$6,366$16,804-$23,170
Payroll Taxes$12,099$4,033-$16,132
All Other Expenses$4,295$9,709-$14,004
Fees for Services Legal-$11,380-$11,380
Other Expenses$9,890--$9,890
Other Employee Benefits$5,874$1,958-$7,832
Depreciation Depletion$4,337--$4,337
Total Functional Expenses$724,593$114,426$0$839,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$839,019
Total Expenses per Audited Statements$839,019
Total Expenses per Form 990$839,019
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
Payroll Liabilities$7,540
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“Form 990 is reviewed by the board of directors before it is filed.”

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

“Board members are provided with a conflict of interest policy and disclosure form annually. The policy indicates board members must alert the president should conflicts arise in between filings. The forms are reviewed by executive leadership and monitored for any conflicts. Per the policy: if the board or executive committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or executive committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews compensation in executive session each year using comparable position compensation levels and performance of the leadership to insure reasonableness and fairness.”

Form 990, Part VI, Section C, Line 18

“Available on websites charity navigator and candid (formerly guidestar) and upon request.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Salt Lick Incubator Inc
EIN
88-2523319
Phone
7045026857
Address
73 SOMERSET STREET, BELMONT, MA 02478

Signing Officer

Name
Roger H Brown Jr
Title
Chairman
Phone
7045026857
Signed
2024-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger H Brown Jr
Formed
2022
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Goldman Clearfield & Ocampo Llp
Address
6230 OLD DOBBIN LANE SUITE 180, COLUMBIA, MD 21045
Preparer
Michael J Ocampo CPA
Phone
4107728090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“This is the first year for an audit of the organization.”

Raw XML Appendix389 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0OUR GRANT-MAKING PROCESS IS OVERSEEN BY OUR BOARD OF DIRECTORS. AWARDEE SELECTION IS GUIDED BY OUR ARTIST ADVISORY BOARD AND PRESIDENT'S LEADERSHIP COUNCIL. ELIGIBILITY REQUIREMENTS WERE FORMULATED WITH ADVICE FROM OUTSIDE LEGAL COUNCIL AND ARE STATED ON OUR WEBSITE AND APPLICATION PLATFORM. APPLICATIONS ARE SUBMITTED ONLINE VIA SUBMITTABLE.ORG. APPLICATIONS ARE REVIEWED VIRTUALLY IN THREE ROUNDS: TWO INTERNAL (STAFF) AND ONE EXTERNAL (ADVISORS AND COUNCIL). DOCUMENTS TRACKING RATINGS AND REVIEWS ARE RETAINED FOR 10 YEARS. FINANCIAL RECORDS ARE RETAINED PERMANENTLY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM ANNUALLY. THE POLICY INDICATES BOARD MEMBERS MUST ALERT THE PRESIDENT SHOULD CONFLICTS ARISE IN BETWEEN FILINGS. THE FORMS ARE REVIEWED BY EXECUTIVE LEADERSHIP AND MONITORED FOR ANY CONFLICTS. PER THE POLICY: IF THE BOARD OR EXECUTIVE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS COMPENSATION IN EXECUTIVE SESSION EACH YEAR USING COMPARABLE POSITION COMPENSATION LEVELS AND PERFORMANCE OF THE LEADERSHIP TO INSURE REASONABLENESS AND FAIRNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE ON WEBSITES CHARITY NAVIGATOR AND CANDID (FORMERLY GUIDESTAR) AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS IS THE FIRST YEAR FOR AN AUDIT OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/WebsiteAddressTxt0WWW.SALTLICKINCUBATOR.ORG
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROGER H BROWN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-18
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDMAN CLEARFIELD & OCAMPO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06230 OLD DOBBIN LANE SUITE 180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021045
ReturnHeader/PreparerPersonGrp/PhoneNum04107728090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J OCAMPO CPA
ReturnHeader/ReturnTs02024-03-19T11:52:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROGER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BROWN JR
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,273,273
Liabilities
$14,123
Net assets
$1,259,150
Revenue
$1,799,822
Expenses
$839,019
Net income
$960,803
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.59$0.01$3.58$1.90$1.00$0.91
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.01$2.67$2.39$0.98$1.41
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.26$1.80$0.84$0.96