Cleveland-Bradley Business Incubator
- Assets
- $291.7k
- Revenue
- $168.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Cleveland, TN
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 62-1822013
Organization Overview
Cleveland-Bradley Business Incubator is located in Cleveland, TN. The organization was established in 2002. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Cleveland-Bradley Business Incubator 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 06/2022, Cleveland-Bradley Business Incubator generated $168.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $155.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS INCUBATOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BUILDING MAINTENANCE AND REPAIRS FORTENANTS. IN ORDER TO KEEP COSTS DOWN FOR TENANTSWE PROVIDE BUILDING MTC,LANDSCAPING AND CLEANING.
MISC SUPPLIES FOR LETTERS, MEMOS AND COPYING SERVICEINCUBATOR PROVIDES COPYING, FAX, AND OTHER SERVICESTHAT START UP BUSINESS MAY NOT POSSESS.CONDUCTMEETINGS.ADVERTISE FOR TENANTS
COLLECT AND BILL FOR TELEPHONE SERVICES, INTERNETACCESS, FAX LINES, LONG DISTANCE, EQUIPMENT REPAIRAND EXPENSE. AT BELOW MARKET RATES FOR 45 TENANTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $168,583 |
| Investment income | $30 |
| 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 | $168,652 |
| 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. | $64,866 |
| Compensation of current officers, directors, key employees. | $64,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $883 |
| Office expenses | $1,313 |
| Information technology | $1,123 |
| Royalties | $0 |
| Occupancy | $71,545 |
| Travel | $460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,307 |
| All other expenses | $277 |
| Total functional expenses | $154,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,211 |
| Savings and temporary cash investments | $158,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,308 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,036 |
| Total assets | $291,680 |
| Accounts payable and accrued expenses | $735 |
| Grants payable | -$4,278 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,030 |
| Total liabilities | $115,487 |
| 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 | $176,193 |
| Total liabilities and net assets/fund balances | $291,680 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cleveland-Bradley Business Incubator has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
West Alabama Regional Commission Northport, AL | $6,900,451 | $11,260,282 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |