Northern Arizona Technology & Business Incubator
- Assets
- $422.0k
- Revenue
- $963.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Flagstaff, AZ
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 86-1019180
Organization Overview
Northern Arizona Technology & Business Incubator is located in Flagstaff, AZ. The organization was established in 2001. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Northern Arizona Technology & Business Incubator employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Arizona Technology & Business Incubator 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, Northern Arizona Technology & Business Incubator generated $963.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $918.7k during the year ending 06/2021. While expenses have increased by 1.7% 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 FACILITATE ECONOMIC GROWTH AND TO PROVIDE JOB CREATION AND EXPANSION OF THE LOCAL TAX BASE BY TRANSFORMING START-UP COMPANIES INTO SUCCESSFUL BUSINESS VENTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE ECONOMIC GROWTH AND TO PROVIDE JOB CREATION AND EXPANSION OF THE LOCAL TAX BASE BY TRANSFORMING START-UP COMPANIES INTO SUCCESSFUL BUSINESS VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Scott Hathcock President & | Officer | 40 | $98,708 |
Nathan Friedman Director | Trustee | 0.7 | $0 |
Katherine Romero Director | Trustee | 0.7 | $0 |
Stephanie Pierotti Director | Trustee | 0.7 | $0 |
David Johns Secretary | Trustee | 0.7 | $0 |
Todd Davis Chairman | Trustee | 0.7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $246,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,762 |
| Total Program Service Revenue | $559,760 |
| Investment income | $31 |
| 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 | $963,553 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $32,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,554 |
| Pension plan accruals and contributions | $6,614 |
| Other employee benefits | $30,237 |
| Payroll taxes | $36,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,913 |
| Advertising and promotion | $8,056 |
| Office expenses | $7,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,911 |
| Travel | $9,336 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,446 |
| Insurance | $12,874 |
| All other expenses | $42 |
| Total functional expenses | $918,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,798 |
| Savings and temporary cash investments | $72,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,541 |
| 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 | $14,643 |
| Net Land, buildings, and equipment | $6,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $421,992 |
| Accounts payable and accrued expenses | $201,356 |
| 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 | $30,916 |
| Total liabilities | $232,272 |
| Net assets without donor restrictions | $189,720 |
| 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 | $421,992 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northern Arizona Technology & Business Incubator has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |