Lincubate
- Assets
- $7.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, IL
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 82-0903839
Organization Overview
Lincubate is located in Lincoln, IL. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Lincubate 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 12/2021, Lincubate generated $8.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING THE CITIZENS OF LOGAN COUNTY AND BEYOND TECHNOLOGY SKILLS TO ENABLE THEM TO GET JOBS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,618 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,618 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $365 |
| Occupancy, rent, utilities, and maintenance | $9,270 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,619 |
| Total expenses | $21,254 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $7,125 |
| Total liabilities | $13,665 |
| Net assets or fund balances | -$6,540 |