West Des Moines Business Incubator in W Des Moines, Iowa (IA)

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West Des Moines Business Incubator
Employer Identification Number (EIN)273164197
Name of OrganizationWest Des Moines Business Incubator
In Care of NameClyde Evans
Address2829 Westown Pkwy Ste 220, W Des Moines, IA 50266-1314
SubsectionCharitable Organization
Ruling Date12/2010
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$75,219
Amount of Income$67,114
Form 990 Revenue Amount$67,114
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs


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Amount of income in 2013: $67,114 (it was $63,033 in 2012)
West Des Moines Business Incubator: 

 $67,114
Other organizations performing similar types of work: 

 $127,010

Assets in 2013: $75,219 (it was $77,168 in 2012)
This organization: 

 $75,219
Other organizations performing similar types of work: 

 $83,317

Expenses in 2013: $58,499
West Des Moines Business Incubator: 

 $58,499
Other organizations performing similar types of work: 

 $154,560

Income to expenses ratio in 2013: 1.1
West Des Moines Business Incubator: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 31.3%
This organization: 

 31.3%
Other organizations performing similar types of work: 

 40.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$43,218$63,033$67,114
Contributions, gifts, grants, and similar amounts received$10,350$11,500$21,000
Program service revenue including government fees and contracts$32,851$51,516$46,107
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$17$17$7
Total expenses$71,945$43,113$58,499
Total net assets$10,369$30,289$38,904
Excess/Deficit for the year$-28,727$19,920$8,615
Net assets or fund balances at beginning of year$39,096$10,369$30,289
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$30,289$38,904
Balance Sheets
201120122013
Total assets$60,374$77,168$75,219
Total liabilities$50,005$46,879$36,315
Net assets or fund balances$10,369$30,289$38,904
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$229,976
Subtotal$229,976
Gifts, grants, contributions, and membership fees received$95,850
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$134,126
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$230,017
Public support$229,976
Subtotal$41
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$41
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Craft3 Investment I LlcPO BOX 826, Ilwaco, WA 98624-0826WA1995-07$18,154,406
2Masschallenge21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384MA2010-04$4,959,384
3Small Business Majority Foundation Inc4000 Bridgeway Ste 101, Sausalito, CA 94965-1444CA2010-11$4,935,336
4Western North Carolina Regional Economic Development Non-Profit Co134 Wright Brothers Way, Fletcher, NC 28732-7808NC1996-02$2,225,305
5Women Venture2021 E Hennepin Ave Ste 200, Minneapolis, MN 55413-2724MN1984-09$1,770,287
6Los Angeles Cleantech Incubator411 S Hewitt Street, Los Angeles, CA 90013CA2012-08$1,684,863
7Puerto Rico Manufacturing Extension Primex Inc, PrimexMercantil Plaza Ste 819, San Juaninternational1996-12$1,678,335
8Startx2627 Hanover St, Palo Alto, CA 94304-1118CA2013-06$1,657,007
9Rockford Area Strategic Initiatives100 Park Ave Ste 100, Rockford, IL 61101-1099IL2010-06$1,367,725
10Commonwise Education Inc464 Black Willow Ln, Charlotte, VT 05445-4405VT2011-09$1,303,500
11Iowa Innovation Corporation309 Court Ave Ste 222, Des Moines, IA 50309-2259IA2013-10$1,096,234
12Kauffman Laboratories For Enterprise Creation IncEnterprise Creation Inc 4801 Rockhi, Kansas City, MO 64110MO2014-09$1,024,080
13Women In Progress Inc2205 California St Ne Ste 110, Minneapolis, MN 55418-3353MN2002-11$946,703
14Cedar Valley Growth Fund I Inc3835 W 9th St, Waterloo, IA 50702-5913IA2010-04$569,850
15Iowa Community Capital915 8th Street Suite 205, Boone, IA 50036IA2004-03$166,355
16West Des Moines Business Incubator2829 Westown Pkwy Ste 220, W Des Moines, IA 50266-1314IA2010-12$67,114
17Mid Iowa Development Fund Inc1205 North Drive, Polk City, IA 50226IA1995-11$33,437
18Cr Small Business RecoveryPO BOX 2292, Cedar Rapids, IA 52406IA2010-02$0
19Iowa Women-Owned Business Initiative Inc, Ascent210 2nd St Se Ste 304, Cedar Rapids, IA 52401-1407IA2013-07$0
20Silk Road Advisors8 West 4th St Ste 1, Spencer, IA 51301IA2014-10$0
Number of organizations performing similar types of work
Alaska2
Alabama5
Arkansas4
Arizona10
California76
Colorado14
Connecticut7
District of Columbia7
Florida26
Georgia20
Hawaii5
Iowa8
Idaho3
Illinois22
Indiana11
Kansas3
Kentucky5
Louisiana6
Massachusetts18
Maryland19
Maine3
Michigan16
Minnesota8
Missouri13
Mississippi6
Montana3
North Carolina18
North Dakota1
Nebraska5
New Jersey6
New Mexico5
Nevada4
New York26
Ohio16
Oklahoma5
Oregon5
Pennsylvania12
Rhode Island1
South Carolina12
South Dakota4
Tennessee10
Texas27
Utah1
Virginia14
Vermont2
Washington10
Wisconsin8
West Virginia3
Wyoming1
International2
Total518

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