Mansfield-Richland Incubator Inc

Organization Overview

Mansfield-Richland Incubator Inc, operating under the name Braintree, is located in Mansfield, OH. The organization was established in 1990. 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 12/2022, Braintree employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Braintree 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 12/2022, Braintree generated $264.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $213.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST BUSINESS START-UPS AND EMERGING COMPANIES, OFFER COUNSELING, CUSTOMER REFERRAL, ACCESS TO CAPITAL AND TRAINING OPPERTUNITIES.

Describe the Organization's Program Activity:

PROVIDE PROGRAMS THAT ENABLE NEW BUSINESSES TO AQUIRE NEEDED ASSISTANCE, SERVICES, FACILITIES, AND TRAINING IN BUSINESS OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Sally Gesouras
President
$0
Barb Miller
President El
$0
Jason Bivens
Secretary Tr
$0
Tim Bowersock
Director
$0
Jay Goyal
Director
$0
David Grant
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $125,752
All other contributions, gifts, grants, and similar amounts not included above$281
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$126,033
Total Program Service Revenue$134,057
Investment income $3,970
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 $264,569

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