Mansfield-Richland Incubator Inc
- Assets
- $602.1k
- Revenue
- $147.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Mansfield, OH
- Founding
- 11/1990
- Data as of
- 12/2020
- EIN
- 34-1530287
Organization Overview
Mansfield-Richland Incubator Inc, operating under the name Braintree, is located in Mansfield, OH. The organization was established in 1990. 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. As of 12/2021, Braintree employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braintree 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 12/2020, Braintree generated $147.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $200.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST BUSINESS START-UPS AND EMERGING COMPANIES, OFFER COUNSELING, CUSTOMER REFERRAL, ACCESS TO CAPITAL AND TRAINING OPPERTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PROGRAMS THAT ENABLE NEW BUSINESSES TO AQUIRE NEEDED ASSISTANCE, SERVICES, FACILITIES, AND TRAINING IN BUSINESS OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Cohen CEO | Trustee | 40 | $101,071 |
Sally Gesouras President | OfficerTrustee | 1 | $0 |
Marge Thompson Vice Preside | OfficerTrustee | 1 | $0 |
Barb Miller Secretary | OfficerTrustee | 1 | $0 |
Chris Yoho Treasurer | OfficerTrustee | 1 | $0 |
Tim Bowersock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,560 |
| Investment income | $7,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,287 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268 |
| Insurance | $2,643 |
| All other expenses | $0 |
| Total functional expenses | $199,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,102 |
| Savings and temporary cash investments | $259,714 |
| Pledges and grants receivable | $36,022 |
| Accounts receivable, net | $3,748 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,408 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,071 |
| Accounts payable and accrued expenses | $3,893 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,893 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $598,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mansfield-Richland Incubator Inc has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
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|---|---|---|
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16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |