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Economic Incubators Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Details

According to its Aug. 2019 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$651k (2019)

Expenses
$1.75M (2019)

Total Assets
$0 (2019)

Total Liabilities
$0 (2019)

Source: Form 990 tax filings from 2015 to 2019

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$650,986
Expenses
$1,746,973
Net Income
-$1,095,987
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $490,695
75.4%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $159,898
24.6%
Net Fundraising $0
Sales of Assets $393
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $88,573
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $162,836
9.3%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Pellechio (President) $101,532 $0 $11,602
Marshall Goodman (Director Pres Ceo) $84,332 $0 $6,821
Richard Grant (Director Chairman) $0 $0 $0
Fred Pezeshkan (Director) $0 $0 $0
Dudley Goodlette (Director Vice Chairman) $0 $0 $0
Jean Pierre Garnier (Director) $0 $0 $0
Joe Paterno (Director) $0 $0 $0
Louis Traina (Director) $0 $0 $0
Stephen Wheeler (Director) $0 $0 $0
George Ahearn (Director) $0 $0 $0
Richard Klass (Director) $0 $0 $0
Philippe Camus (Director) $0 $0 $0
Tim Durham (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$843,084
Expenses
$966,312
Net Income
-$123,228
Net Assets
$1,095,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $751,575
89.1%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $92,652
11.0%
Net Fundraising $0
Sales of Assets -$1,190
Net Inventory Sales $0
Other Revenue $47
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $217,494
22.5%
Professional Fundraising Fees $0
Other Salaries and Wages $125,549
13.0%
Assets/Debt
Total Assets $1,226,659
Total Liabilities $130,675
Net Assets $1,095,984
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marshall Goodman (Director Pres Ceo) $159,310 $0 $29,335
Jennifer Pellechio (President) $90,568 $0 $11,699
Richard Grant (Director Vice Chairman Secret) $0 $0 $0
Fred Pezeshkan (Director Chairman) $0 $0 $0
Dudley Goodlette (Director) $0 $0 $0
Jean Pierre Garnier (Director) $0 $0 $0
Joe Paterno (Director) $0 $0 $0
Louis Traina (Director) $0 $0 $0
Stephen Wheeler (Director) $0 $0 $0
George Ahearn (Director) $0 $0 $0
Garrett Richter (Director Treasurer) $0 $0 $0
Richard Klass (Director) $0 $0 $0
Philippe Camus (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,605,972
Expenses
$1,545,997
Net Income
$1,059,975
Net Assets
$1,219,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,458,252
94.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $150,850
5.8%
Net Fundraising $0
Sales of Assets -$3,329
Net Inventory Sales $0
Other Revenue $199
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $272,976
17.7%
Professional Fundraising Fees $0
Other Salaries and Wages $66,203
4.3%
Assets/Debt
Total Assets $1,265,188
Total Liabilities $45,976
Net Assets $1,219,212
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marshall Goodman (Director Pres Ceo) $159,089 $0 $21,784
Jennifer Pellechio (Chief Operating Officer) $56,577 $0 $4,412
Dolph Von Arx (Director Chairman) $0 $0 $0
Richard Grant (Director Vice Chairman Secret) $0 $0 $0
Fred Pezeshkan (Director Chairman) $0 $0 $0
Dudley Goodlette (Director) $0 $0 $0
Jean Pierre Garnier (Director) $0 $0 $0
Joe Paterno (Director) $0 $0 $0
Carolyn Rambosk (Director) $0 $0 $0
Louis Traina (Director) $0 $0 $0
Stephen Wheeler (Director) $0 $0 $0
George Ahearn (Director) $0 $0 $0
Garrett Richter (Director Treasurer) $0 $0 $0
Tom Grady (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$611,219
Expenses
$548,855
Net Income
$62,364
Net Assets
$102,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $519,847
85.1%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $85,484
14.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,888
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $303,958
55.4%
Assets/Debt
Total Assets $481,441
Total Liabilities $379,343
Net Assets $102,098
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marshall Goodman (Director Pres Ceo) $146,804 $0 $14,283
Dolph Von Arx (Director Chairman) $0 $0 $0
Fred Pezeshkan (Director Vice Chairman) $0 $0 $0
Richard Grant (Director Secretary) $0 $0 $0
Dudley Goodlette (Director Treasurer) $0 $0 $0
Jean Pierre Garnier (Director) $0 $0 $0
George Ahearn (Director) $0 $0 $0
Stephen Wheeler (Director) $0 $0 $0
Louis Trania (Director) $0 $0 $0
Carolyn Rambosk (Director) $0 $0 $0
Joe Paterno (Director) $0 $0 $0
Garrett Richter (Director) $0 $0 $0
Tom Grady (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$490,000
Expenses
$717,994
Net Income
-$227,994
Net Assets
$207,633
Notable Sources of Revenue Percent of Total Revenue
Contributions $395,000
80.6%
Program Services $52,000
10.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $43,000
8.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $168,499
23.5%
Assets/Debt
Total Assets $509,732
Total Liabilities $302,099
Net Assets $207,633

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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