Incubate
- Assets
- $194.1k
- Revenue
- $715.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 85-4136963
Organization Overview
Incubate is located in Washington, DC. Incubate is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Incubate generated $715.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (43.9%) each year. All expenses for the organization totaled $728.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (42.5%) per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INCUBATE IS A 501(C)(4) ORGANIZATION OF VENTURE CAPITAL FIRMS REPRESENTING THE PATIENT, CORPORATE, AND INVESTMENT COMMUNITIES, WHOSE PRIMARY AIM IS TO EDUCATE POLICYMAKERS ON THE ROLE OF INVESTMENTS IN BRINGING PROMISING TREATMENTS TO PATIENTS IN NEED. INCUBATE HELPS TO ENSURE PATIENTS CONTINUE TO BENEFIT FROM THE UNRELENTING INNOVATION SPURRED BY VENTURE CAPITAL INVESTMENT IN THE LIFE SCIENCES AND PROTECTED BY AMERICA'S INTELLECTUAL PROPERTY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENED PATIENTS, SCIENTISTS AND INVESTORS TO ADVANCE PRIORITIES FOR EARLY STAGE LIFE SCIENCE ECOSYSTEM.
RAISED AWARENESS FOR POLICYMAKERS ABOUT THE EARLY STAGE ECOSYSTEM.
EDUCATED INVESTORS AND PATIENT GROUPS ON CHANGES TO LIFE SCIENCE POLICY IN THE UNITED STATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gibson Secretary | OfficerTrustee | 4 | $0 |
Janis Naeve Treasurer | OfficerTrustee | 4 | $0 |
Lindsay Androski President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Context Strategies Consulting Services | 12/30/22 | $147,500 |
Prism Strategy Inc Consulting Services | 12/30/22 | $360,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $715,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $715,000 |
| Total Program Service Revenue | $0 |
| Investment income | $51 |
| 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 | $715,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,463 |
| Fees for services: Accounting | $41,048 |
| Fees for services: Lobbying | $127,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $241,062 |
| Advertising and promotion | $195,066 |
| Office expenses | $2,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $728,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $194,061 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $194,061 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $194,061 |
Grants Awarded
Over the last fiscal year, Incubate has awarded $114,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPRINGBOARD 2000 ENTERPRISES INC PURPOSE: TO SUPPORT THE HEALTH INNOVATION PROGRAM | $25,000 |
AIMHI ACCELERATOR FUND PURPOSE: FUND START-UP ONCOLOGY COMPANIES, SUPPORTING INNOVATIVE LABORATORY BREAKTHROUGHS THAT HAVE THE POTENTIAL TO SAVE THE LIVES OF CANCER PATIENTS. | $15,000 |
CENTER FORWARD PURPOSE: TO GIVE CENTRIST ALLIES THE INFORMATION THEY NEED TO CRAFT COMMON SENSE BIPARTISAN SOLUTIONS, AND PROVIDE THOSE ALLIES THE SUPPORT THEY NEED TO TURN THOSE IDEAS INTO RESULTS. | $30,000 |
FUTURE FORWARD EVENTS LLC PURPOSE: BRINGING TOGETHER ENTREPRENEURS, EXECUTIVES AND INVESTORS IN TECHNOLOGY AND LIFE SCIENCES. | $44,000 |