Spice-Southern Perry Incubation is located in New Straitsville, OH. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spice-Southern Perry Incubation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Spice-Southern Perry Incubation generated $150.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $115.9k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ASSIST AND SUPPORT THE CREATION OF MICROENTERPRISES IN RUAL PERRY COUNY, OHIO BY OPERATING A SMALL BUSINESS INCUBATOR AND BUSINESS CENTER FOR THE BENEFIT OF LOW TO MODERATE INCOM
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Higgins Sectreasurer | 6 | $0 | |
Fritzie Nitschke Ex Director | 20 | $0 | |
Susan Miller Prisident | 6 | $0 | |
Emily Swackhammer Board Member | 6 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,084 |
| Total Program Service Revenue | $5,978 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,646 |
| Total Revenue | $150,832 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,753 |
| Professional fees and other payments to independent contractors | $39,889 |
| Occupancy, rent, utilities, and maintenance | $13,759 |
| Printing, publications, postage, and shipping | $1,375 |
| Other expenses | $28,075 |
| Total expenses | $115,851 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,083 |
| Other assets | $0 |
| Total assets | $74,924 |
| Total liabilities | $2,728 |
| Net assets or fund balances | $72,196 |