Civic Intelligence

Inception Studio

EIN 99-0855558 • Fremont, CA

990-N CoverageNTEE B90

Profile

Inception Studio is a nonprofit organization that supports early-stage entrepreneurs through educational retreats community-building programs and peer mentorship to foster practical experience and long-term collaboration among under-resourced founders.

1676 Riverwalk DrFremont, CA 94536

inceptionstudio.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$86,850

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$86,850

No earlier filing loaded for comparison.

Operations

Revenue

$107,406

No earlier filing loaded for comparison.

Expenses

$20,556

No earlier filing loaded for comparison.

Net Income

$86,850

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2024: $86,850Net Assets 2024: $86,8502024

Highlighted filing

2024

Assets$86,850
Liabilities-
Net Assets$86,850
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2024: $107,406Expenses 2024: $20,556Net Income 2024: $86,8502024

Highlighted filing

2024

Revenue$107,406
Expenses$20,556
Net Income$86,850
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,850
Liabilities
-
Net assets
$86,850
Revenue
$107,406
Expenses
$20,556
Net income
$86,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.87$1.07$0.21$0.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 5, 2026
Return Version
2024v5.1
Gross Receipts
$107,406
Mission and Program Overview

Mission

Inception Studio is a nonprofit organization that supports early-stage entrepreneurs through educational retreats community-building programs and peer mentorship to foster practical experience and long-term collaboration among under-resourced founders.

Program Services

DescriptionGrantsExpenses
The organization conducted seven immersive educational retreats in 2024 designed to support early-stage entrepreneurs through structured programming peer mentorship and collaborative business development activities. A total of 88 new and unique founders participated in these retreats. Each retreat concluded with a public Demo Day event to showcase participant progress and foster broader community engagement. Approximately 1,000 individuals attended Demo Day events across the year with an estimated 500-600 unique attendees.$0$11,862
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John WhaleyPresidentFT$0--
Michael MorrisTreasurerFT$0--
Monisha PerkashDirectorPT$0--
Adria HouDirectorPT$0--
Anand AtreyaDirector-$0--
Filing and Contact Details

Filer

Filer Name
Inception Studio
EIN
99-0855558
Address
1676 Riverwalk Dr, Fremont, CA 94536

Signing Officer

Name
Michael Morris
Title
Treasurer
Phone
6508687737
Signed
2026-03-05
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 8

“| Other Revenues:, Amount:| 2 x $250 bank referral bonuses, $500| Credit card rewards, $50|”

Part I, line 16

“| Other Expenses:, Amount:| Event venue expenses, $6920.00| Event-related travel expenses, $3661.00| branded merchansise, $2769.00| Event food & beverage, $1281.00|”

Raw XML Appendix172 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| S.No:, Amount:, Description:| 1, $500, 2 x $250 bank referral bonuses| 2, $50, Credit card rewards|
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ReasonableCauseExplanation/ExplanationTxt0The organization began independent operations in April 2024 after transitioning from a fiscal sponsorship arrangement. During 2024 and 2025 the organization was also in the process of applying for recognition of exemption under Section 501c3 Form 1023 which was recently approved. Due to this transition and the establishment of independent financial and compliance systems the organization did not timely file its 2024 Form 990-EZ. The organization has since reconciled its records implemented improved compliance procedures and is filing this return promptly upon identifying the oversight. The organization intends to remain fully compliant with all future filing requirements.
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ReturnHeader/TaxYr02024

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