Inncuvate Community Development Partners Inc
- Assets
- $20.2k
- Revenue
- $111.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Largo, MD
- Founding
- Data as of
- 12/2022
- EIN
- 84-4151627
Organization Overview
Inncuvate Community Development Partners Inc is located in Largo, MD. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Inncuvate Community Development Partners 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 12/2022, Inncuvate Community Development Partners Inc generated $111.5k in total revenue. All expenses for the organization totaled $109.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INNCUVATE COMMUNITY DEVELOPMENT PARTNERS INC. (INNCUVATE CDP) EXISTS TO BUILD THRIVING COMMUNITIES THAT FUEL CREATIVITY AND AMBITION. WE FOCUS ON COMBATING COMMUNITY DETERIORATION BY ASSISTING AND PROMOTING LOCAL DEVELOPMENT AND REVITALIZATION OF UNDER-SERVED AND BLIGHTED COMMUNITIES; AND BUILDING THRIVING COMMUNITIES BY ASSISTING AND PROMOTING SUSTAINABLE COMMUNITY ECONOMIC DEVELOPMENT PROJECTS INCLUDING (BUT NOT LIMITED TO) WORKFORCE DEVELOPMENT AND ENTREPRENEURIAL DEVELOPMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEUR ECOSYSTEM BUILDING THE PURPOSE OF THE GRANT WAS TO PILOT AN INNOVATION AND ENTREPRENEURSHIP LEARNING SERIES TO HELP ENTREPRENEUR SUPPORT ORGANIZATIONS GAIN A BETTER UNDERSTANDING OF THE LOCAL ENTREPRENEUR ECOSYSTEM METRICS IN ORDER TO PERFORM AN ENTREPRENEUR ECOSYSTEM HEALTH ASSESSMENT. PARTICIPANTS WERE MADE FAMILIAR WITH THE TOOLS USED TO EFFECTIVELY MEASURE COMMUNITY GROWTH AND ACQUIRE NEW WAYS TO TELL STORIES ABOUT THE POSITIVE IMPACT ON THEIR ECOSYSTEMS. THE TOOLS ARE INTENDED TO BASELINE AND CONTINUALLY MEASURE THE PRINCE GEORGE'S COUNTY ENTREPRENEUR ECOSYSTEM. THE PROGRAM WILL FOCUS ON SKILLS BUILDING AND LEVEL SETTING COUNTY ENTREPRENEUR SUPPORT ORGANIZATIONS ON MEANING, MEASURING, COMMUNICATION, AND FOCUSING INFORMATION ON THE DEVELOPMENT OF ENTREPRENEURS IN PRINCE GEORGE'S COUNTY.
ENTREPRENEUR INFRASTRACTURE INNCUVATE COMMUNITY DEVELOPMENT PARTNERS INC, (ICDP) AND METRO SPORTS HAS ENTERED INTO A PARTNERSHIP FOR THE PURPOSE OF HAVING A METRO GAMING LOUNGE AND TECHNOLOGY CENTER AS AN ANCHOR TENANT IN INNCUVATE CDPS INNOVATION CAMPUS PROJECT IN PRINCE GEORGES COUNTY, MARYLAND. THE METRO GAMING LOUNGE AND TECHNOLOGY CENTER WILL PROVIDE IN PERSON AND VIRTUAL GAMING, STEM EDUCATION, AND WORKFORCE DEVELOPMENT OPPORTUNITIES AROUND E-GAMING FOR ECONOMICALLY AND/OR EDUCATIONALLY DISADVANTAGED YOUTH AND YOUNG ADULTS WITHIN COMMUNITIES OF COLOR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brunson Cooper Treasurer | Officer | 4 | $0 |
Mark Lawrence Executive Di | Officer | 16 | $0 |
Tonia Wellons Secretary | Officer | 2 | $0 |
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 | $111,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,504 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $111,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,150 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $109,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,239 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,239 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98 |
| Total liabilities | $98 |
| Net assets without donor restrictions | $20,141 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $20,239 |
Grants Awarded
Over the last fiscal year, Inncuvate Community Development Partners Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METRO SPORTS & ENTERTAINMENT GROUP | | | $20,000 |
METRO SPORTS & ENTERTAINMENT GROUP | | | $80,000 |