Incite Labs Inc
- Assets
- $33.9m
- Revenue
- $716.9k
- Investments
- $33.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 06/2017
- Data as of
- 12/2022
- EIN
- 81-4410279
Organization Overview
Incite Labs Inc is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Incite Labs Inc 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 12/2022, Incite Labs Inc generated $716.9k 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 (35.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Incite Labs Inc has awarded 91 individual grants totaling $13,618,394. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rogers President And Treasurer | 0.1 | $0 | |
Swati Mylavarapu Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,471 |
| Dividends & Interest | $674,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,425 |
| Capital Gain Net Income | $41,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $716,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $76,236 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $27,315 |
| Printing and publications | $0 |
| Other expenses | $38,918 |
| Total operating and administrative expenses | $615,566 |
| Contributions, gifts, grants paid | $965,050 |
| Total expenses and disbursements | $1,580,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,968 |
| Savings and temporary cash investments | $569,100 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,742,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,863,765 |
| Accounts payable and accrued expenses | $42,911 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,911 |
Grants Awarded
Over the last fiscal year, Incite Labs Inc has awarded $965,050 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCED ENERGY ECONOMY INSTITUTE PURPOSE: SUPPORT | $100,000 |
CARBON PLAN PURPOSE: SUPPORT | $100,000 |
CENTER FOR CARBON REMOVAL PURPOSE: SUPPORT | $150,000 |
EDUCATION FDTN OF ALACHUA CO PURPOSE: SUPPORT | $100,050 |
FREEDMAN HEIRS FOUNDATION PURPOSE: SUPPORT | $50,000 |
UPSOLVE PURPOSE: SUPPORT | $90,000 |