Santa Fe Business Incubator Inc is located in Santa Fe, NM. The organization was established in 1996. 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 06/2021, Santa Fe Business Incubator Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Business Incubator 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 06/2021, Santa Fe Business Incubator Inc generated $930.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $805.6k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A DIVERSE AND BALANCED ECONOMY BY DEVELOPING EMERGING BUSINESSES IN AN EFFORT TO PROVIDE FUTURE INCOME OPPORTUNITIES FOR SANTA FEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HELPS ACCELERATE THE GROWTH OF EARLY STAGE STARTUP COMPANIES THROUGH COACHING, ADVISORY COUNCILS, ONE-ON-ONE AND GROUP ENGAGEMENT, SEMINARS, WORKSHOPS, AND COMMUNITY BUILDING. RESIDENT CLIENTS LEASE SPACE AT SFBI AND ARE ENTITLED TO 24/7 ACCESS TO A PROFESSIONAL PUBLIC-FACING FACILITY PROVIDING FLEXIBLE OFFICES, LABS, MANUFACTURING, MEETING AND TRAINING SPACES. SHARED RESOURCES INCLUDE HIGH- SPEED INTERNET, REFERENCE LIBRARY, EQUIPMENT, SUPPLIES, AND PARKING. AFFILIATE CLIENTS WHO DO NOT OCCUPY A PHYSICAL SPACE IN SFBI'S CAMPUS HAVE ACCESS TO ALL PROGRAMMING WITH LIMITED USE OF THE FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed President & | Officer | 40 | $124,388 |
Jonathan Mertz Secretary | OfficerTrustee | 2 | $0 |
Thomas Lantieri Chair | OfficerTrustee | 2 | $0 |
Alex Padilla Immediate Pa | OfficerTrustee | 2 | $0 |
Donna M Smith Treasurer | OfficerTrustee | 2 | $0 |
Ed Maglisceau Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $483,652 |
All other contributions, gifts, grants, and similar amounts not included above | $69,446 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $553,098 |
Total Program Service Revenue | $374,889 |
Investment income | $2,333 |
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 | $930,320 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $152,436 |
Compensation of current officers, directors, key employees. | $24,008 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $127,916 |
Pension plan accruals and contributions | $2,135 |
Other employee benefits | $10,112 |
Payroll taxes | $20,262 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,224 |
Fees for services: Accounting | $28,133 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $59,379 |
Advertising and promotion | $22,824 |
Office expenses | $2,525 |
Information technology | $35,175 |
Royalties | $0 |
Occupancy | $82,427 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,831 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $157,271 |
Insurance | $14,493 |
All other expenses | $1,977 |
Total functional expenses | $805,624 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $168,959 |
Savings and temporary cash investments | $137,788 |
Pledges and grants receivable | $193,434 |
Accounts receivable, net | $5,511 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $913 |
Net Land, buildings, and equipment | $3,547,240 |
Investments—publicly traded securities | $10,427 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,064,272 |
Accounts payable and accrued expenses | $29,172 |
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 | $142,695 |
Unsecured mortgages and notes payable | $106,360 |
Other liabilities | $32,319 |
Total liabilities | $310,546 |
Net assets without donor restrictions | $3,693,726 |
Net assets with donor restrictions | $60,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,064,272 |
Over the last fiscal year, we have identified 1 grants that Santa Fe Business Incubator Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Organization Name | Assets | Revenue |
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Manned Space Flight Education Foundation Incorporated Houston, TX | $76,743,192 | $45,013,359 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |