Cape Ann Business Incubator Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Cape Ann Business Incubator Inc | |
| Employer Identification Number (EIN) | 743101523 |
| Name of Organization | Cape Ann Business Incubator Inc |
| In Care of Name | Erika Hansen |
| Address | 183 Main St, Gloucester, MA 01930-5703 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 06/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $1 to $9,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $8,146 |
| Amount of Income | $166,185 |
| Form 990 Revenue Amount | $166,185 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs |
Non-representatives - add comments:
Amount of income in 2013: $166,185 (it was $187,071 in 2012)
| This organization: | $166,185 |
| Other organizations performing similar types of work: | $127,010 |
Assets in 2013: $8,146 (it was $7,826 in 2012)
| Cape Ann Business Incubator Inc: | $8,146 |
| Other organizations performing similar types of work: | $83,317 |
Expenses in 2013: $165,864
| Cape Ann Business Incubator Inc: | $165,864 |
| Other organizations performing similar types of work: | $154,560 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 40.3%
| This organization: | 40.3% |
| Other organizations performing similar types of work: | 40.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $162,839 | $187,071 | $166,185 |
| Contributions, gifts, grants, and similar amounts received | $77,287 | $87,834 | $66,951 |
| Program service revenue including government fees and contracts | $85,552 | $99,237 | $99,234 |
| 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 | $0 | $0 | $0 |
| Total expenses | $161,585 | $196,628 | $165,864 |
| Total net assets | $0 | $7,826 | $8,146 |
| Excess/Deficit for the year | $1,254 | $-9,556 | $320 |
| Net assets or fund balances at beginning of year | $-1,254 | $17,382 | $7,826 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $7,826 | $8,146 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $0 | $7,826 | $8,146 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $0 | $7,826 | $8,146 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $526,199 |
| Subtotal | $794,263 |
| Gifts, grants, contributions, and membership fees received | $387,933 |
| 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 | $406,329 |
| 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 | $268,063 |
| 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 | $268,063 |
| Total support | $794,263 |
| Public support | $794,263 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Craft3 Investment I Llc | PO BOX 826, Ilwaco, WA 98624-0826 | WA | 1995-07 | $18,154,406 |
| 2 | Masschallenge | 21 Dry Dock Ave 6th Flr, Boston, MA 02210-2384 | MA | 2010-04 | $4,959,384 |
| 3 | Small Business Majority Foundation Inc | 4000 Bridgeway Ste 101, Sausalito, CA 94965-1444 | CA | 2010-11 | $4,935,336 |
| 4 | Circle Of Nations Inc | 836 Humphrey St, Swampscott, MA 01907-2339 | MA | 1997-01 | $3,721,466 |
| 5 | Solutions Community Development Corporation Inc | 245 High St, Holyoke, MA 01040-6513 | MA | 1997-07 | $516,458 |
| 6 | Massachusetss Municipal Policecoalition | 352 Turnpike Road, Southborough, MA 01772-1756 | MA | 2010-05 | $449,721 |
| 7 | Community Economic Development Center Of Southeastern Mass | 1285 Acushnet Ave, New Bedford, MA 02746-2020 | MA | 1997-11 | $443,222 |
| 8 | Cropcircle Kitchen Inc | 31 Germania Street Vj, Jamaica Plain, MA 02130-2314 | MA | 2011-03 | $392,608 |
| 9 | Mango Fund Inc | 124 South St, Hingham, MA 02043-2455 | MA | 2013-02 | $302,277 |
| 10 | Cape Ann Business Incubator Inc | 183 Main St, Gloucester, MA 01930-5703 | MA | 2004-06 | $166,185 |
| 11 | National Black Mba Association Boston Chapter Inc | PO BOX 190686, Boston, MA 02119-0013 | MA | 1999-10 | $56,466 |
| 12 | Haitian National Congress Inc | PO BOX 431, North Easton, MA 02356-0431 | MA | 2010-07 | $9,275 |
| 13 | Emerging Business Collaborative Inc | 53 State Street 38th Floor, Boston, MA 02109-2823 | MA | 2007-03 | $0 |
| 14 | Entrepreneurship For All Inc | 175 Cabot St Ste 100, Lowell, MA 01854-3635 | MA | 2015-02 | $0 |
| 15 | Incubando Inc | 23 Maverick St, Boston, MA 02128-2310 | MA | 2015-03 | $0 |
| 16 | Jewish Venture Mentoring Service Corporation | 384 Harvard St, Brookline, MA 02446 | MA | 2014-08 | $0 |
| 17 | Main Street Partners Inc | 89 South St 700, Boston, MA 02111 | MA | 2013-01 | $0 |
| 18 | Microcapital Institute | 2 Claremont St, Boston, MA 02118-3017 | MA | 2004-03 | $0 |
| 19 | New England Center For Veterans Business Development Inc | Univ Of Ma Healy Library 100 Morrissey Blvd 10th Flr, Boston, MA 02125-3393 | MA | 2005-12 | $0 |
| 20 | Prism Business Foundation Inc | 16 Clarendon St, Boston, MA 02116-6117 | MA | 2002-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 518 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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