Platteville Business Incubator Inc

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 12/2023, Platteville Business Incubator Inc generated $236.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $234.5k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
Jennifer Schweigert
Director
$0
Scott Chyko
Director
$0
Parth Partel
Director
$0
Ron Brisbois
Secretary/treasurer
$0
Jeff Stange
Director
$0
Nicholas Felder
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,000
All other contributions, gifts, grants, and similar amounts not included above$31,764
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$61,764
Total Program Service Revenue$172,046
Investment income $2,447
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 $236,257

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