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Memphis Incubator Systems Inc

  • Memphis, TN
  • Tax-exempt since Sept. 2016
  • EIN: 62-1739744

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Organization summary might be incomplete or out of date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.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$87.8k (2020)

Expenses
$1.4M (2020)

Total Assets
$0 (2020)

Total Liabilities
$0 (2020)

Source: Form 990 tax filings from 2010 to 2020

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 June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,806
Expenses
$1,397,848
Net Income
-$1,310,042
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $70,145
79.9%
Investment Income $17,856
20.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$195
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Joe Fracchia (Director) $0 $0 $0
Kevin Humphries (Director) $0 $0 $0
Bryan Eagle Iii (Director) $0 $0 $0
Jay Lindy (Director) $0 $0 $0
John Ogle (Director) $0 $0 $0
Lisa Wade (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 17, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$825,639
Expenses
$538,932
Net Income
-$1,364,571
Net Assets
$1,310,042
Notable Sources of Revenue Percent of Total Revenue
Contributions $77
Program Services $333,788
Investment Income $112
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,159,616
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $25,385
4.7%
Assets/Debt
Total Assets $1,387,775
Total Liabilities $77,733
Net Assets $1,310,042
Compensation
Key Employees and Officers Compensation Related Other
Carlton Crothers (Executive Di) $110,000 $0 $0
Bryan Eagle Iii (Director) $0 $0 $0
Jay Lindy (Director) $0 $0 $0
Lisa Wade (Director) $0 $0 $0
Joe Fracchia (Director) $0 $0 $0
Kevin Humphries (Director) $0 $0 $0
John Ogle (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 20, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$574,937
Expenses
$816,751
Net Income
-$241,814
Net Assets
$2,674,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $120
0.0%
Program Services $574,817
100.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $56,495
6.9%
Assets/Debt
Total Assets $3,342,385
Total Liabilities $667,772
Net Assets $2,674,613
Compensation
Key Employees and Officers Compensation Related Other
Carlton Crothers (Executive Di) $110,000 $0 $0
Bryan Eagle Iii (Director) $0 $0 $0
Lisa Wade (Director) $0 $0 $0
Kevin Humphries (Director) $0 $0 $0
Jay Lindy (Director) $0 $0 $0
Joe Fracchia (Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$595,608
Expenses
$707,166
Net Income
-$111,558
Net Assets
$2,916,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,322
0.2%
Program Services $594,286
99.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $57,264
8.1%
Assets/Debt
Total Assets $3,472,872
Total Liabilities $556,445
Net Assets $2,916,427
Compensation
Key Employees and Officers Compensation Related Other
Carlton Crothers (Executive Di) $110,000 $0 $0
Bryan Eagle Iii (Director) $0 $0 $0
Lisa Wade (Director) $0 $0 $0
Kevin Humphries (Director) $0 $0 $0
Jay Lindy (Director) $0 $0 $0
Joe Fracchia (Chairman) $0 $0 $0
John Ogle (Treasurer) $0 $0 $0
Jay Oliphant (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$539,408
Expenses
$656,343
Net Income
-$116,935
Net Assets
$3,062,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,109
0.6%
Program Services $536,299
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $55,813
8.5%
Assets/Debt
Total Assets $3,631,158
Total Liabilities $568,594
Net Assets $3,062,564
Compensation
Key Employees and Officers Compensation Related Other
Carlton Crothers (Executive Di) $110,000 $0 $0
Bryan Eagle Iii (Director) $0 $0 $0
Lisa Wade (Director) $0 $0 $0
Kevin Humphries (Director) $0 $0 $0
Joe Fracchia (Chairman) $0 $0 $0
John Ogle (Treasurer) $0 $0 $0
Jay Oliphant (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$512,398
Expenses
$675,230
Net Income
-$162,832
Net Assets
$3,179,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,155
2.2%
Program Services $501,243
97.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $56,408
8.4%
Assets/Debt
Total Assets $3,794,813
Total Liabilities $615,314
Net Assets $3,179,499

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$652,274
Expenses
$737,024
Net Income
-$84,750
Net Assets
$3,342,331
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,111
16.1%
Program Services $547,160
83.9%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,000
14.9%
Professional Fundraising Fees $0
Other Salaries and Wages $56,252
7.6%
Assets/Debt
Total Assets $3,965,988
Total Liabilities $623,657
Net Assets $3,342,331

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$566,308
Expenses
$687,569
Net Income
-$121,261
Net Assets
$3,427,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,409
10.7%
Program Services $505,889
89.3%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $76,027
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $6,789
1.0%
Assets/Debt
Total Assets $4,142,885
Total Liabilities $715,804
Net Assets $3,427,081

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$613,543
Expenses
$717,280
Net Income
-$103,737
Net Assets
$3,548,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $127,564
20.8%
Program Services $485,976
79.2%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $169,445
23.6%
Assets/Debt
Total Assets $4,271,610
Total Liabilities $723,265
Net Assets $3,548,345

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,443,767
Expenses
$609,525
Net Income
$834,242
Net Assets
$3,652,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,106,954
76.7%
Program Services $336,801
23.3%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $188,404
30.9%
Assets/Debt
Total Assets $4,324,712
Total Liabilities $672,630
Net Assets $3,652,082

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$494,940
Expenses
$557,550
Net Income
-$62,610
Net Assets
$2,817,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $160,868
32.5%
Program Services $333,585
67.4%
Investment Income $487
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
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 $198,428
35.6%
Assets/Debt
Total Assets $3,197,525
Total Liabilities $379,685
Net Assets $2,817,840

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About 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.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated