Santa Fe Business Incubator Inc
- Assets
- $4.0m
- Revenue
- $835.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Santa Fe, NM
- Founding
- 12/1996
- Data as of
- 06/2022
- EIN
- 85-0431271
Organization Overview
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 06/2022, Santa Fe Business Incubator Inc employed 5 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 06/2022, Santa Fe Business Incubator Inc generated $835.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $808.8k during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Lantieri Chair | OfficerTrustee | 2 | $0 |
Kent Fuka Vice-Chair | OfficerTrustee | 2 | $0 |
Donna M Smith Treasurer | OfficerTrustee | 2 | $0 |
Debora Ramirez Secretary | OfficerTrustee | 2 | $0 |
Alex Padilla Director | Trustee | 1 | $0 |
Mary Jo Edwards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $346,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,532 |
| Total Program Service Revenue | $425,423 |
| Investment income | $943 |
| 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 | $835,898 |
| 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. | $134,015 |
| Compensation of current officers, directors, key employees. | $14,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,853 |
| Pension plan accruals and contributions | $5,995 |
| Other employee benefits | $25,563 |
| Payroll taxes | $19,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305 |
| Fees for services: Accounting | $41,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,359 |
| Advertising and promotion | $13,339 |
| Office expenses | $3,392 |
| Information technology | $37,204 |
| Royalties | $0 |
| Occupancy | $92,472 |
| Travel | $32 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,131 |
| Insurance | $12,462 |
| All other expenses | $120 |
| Total functional expenses | $808,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,564 |
| Savings and temporary cash investments | $147,834 |
| Pledges and grants receivable | $39,051 |
| Accounts receivable, net | $3,833 |
| 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 | $1,400 |
| Net Land, buildings, and equipment | $3,409,963 |
| Investments—publicly traded securities | $9,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,986,105 |
| Accounts payable and accrued expenses | $23,175 |
| 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 | $0 |
| Other liabilities | $41,319 |
| Total liabilities | $207,189 |
| Net assets without donor restrictions | $3,708,916 |
| Net assets with donor restrictions | $70,000 |
| 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 | $3,986,105 |