Platteville Business Incubator Inc
- Assets
- $1.1m
- Revenue
- $270.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Platteville, WI
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 39-1944653
Organization Overview
Platteville Business Incubator Inc is located in Platteville, WI. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platteville Business Incubator Inc 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 12/2021, Platteville Business Incubator Inc generated $270.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $222.5k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
THE PLATTEVILLE BUSINESS INCUBATOR, INC. GROWS THE PLATTEVILLE ECONOMY BY INVESTING IN SMALL BUSINESSES OR VENTURES WITH HIGH GROWTH POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CURRENTLY HAS A BUILDING AVAILABLE FOR RENT TO NEW AND EXPANDING BUSINESSES. THE BUSINESSES ARE ABLE TO HAVE REDUCED OVERHEAD COSTS BY THE ORGANIZATION PROVIDING A CONFERENCE ROOM, COPY MACHINE, FAX MACHINE, BREAK ROOM, ACCESS TO FORKLIFT, TRASH REMOVAL SERVICES AND VARIOUS OTHER RESOURCES WITHIN THE BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Chyko President | Officer | 1 | $0 |
Jeff Stange Vice-President | Officer | 1 | $0 |
Brian Fritz Secretary/treasurer | Officer | 0.5 | $0 |
Kate Koziol Executive Director | Officer | 10 | $0 |
Jennifer Schweigert Director | Trustee | 0.5 | $0 |
Amy Charles Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,890 |
| Total Program Service Revenue | $171,869 |
| Investment income | $764 |
| 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 | $270,851 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $959 |
| Fees for services: Management | $32,536 |
| Fees for services: Legal | $409 |
| Fees for services: Accounting | $931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,080 |
| Office expenses | $9,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,680 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179 |
| Interest | $4,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,256 |
| Insurance | $5,865 |
| All other expenses | $99 |
| Total functional expenses | $222,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,854 |
| Savings and temporary cash investments | $39,435 |
| 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 | $937,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $76,877 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,093,358 |
| 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 | $486,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,852 |
| Total liabilities | $495,741 |
| Net assets without donor restrictions | $0 |
| 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 | $597,617 |
| Total liabilities and net assets/fund balances | $1,093,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Platteville Business Incubator Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Alliant Energy Foundation Inc Madison, WI PURPOSE: COMMUNITY GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Reinvestment Fund Inc Minneapolis, MN | $272,393,749 | $53,118,127 |
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Milwaukee Economic Development Corp Milwaukee, WI | $129,937,785 | $4,507,113 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
World Business Chicago Chicago, IL | $9,302,792 | $9,942,081 |
Enlace Chicago Chicago, IL | $7,912,354 | $9,016,287 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Common Wealth Development Inc Madison, WI | $16,900,042 | $3,774,568 |
Renaissance Development Fund Benton Harbor, MI | $26,943,889 | $2,827,375 |
Humans First Detroit Detroit, MI | $6,650,332 | $4,303,626 |
Milwaukee Urban Strategic Investment Corp Milwaukee, WI | $23,035,863 | $4,044,506 |