Form 990 for tax year 2022
Filed by MISSOURI INNOVATION CENTER INC.
Totals
- Total revenue
- $586,727
- Total expenses
- $697,693
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $581,387
- Investment income
- $6,534
- Other revenue
- -$1,194
- Total assets, end of year
- $801,037
- Total liabilities, end of year
- $157,153
- Net assets or fund balances, end of year
- $643,884
- Program services expenses (Part IX)
- $623,667
- Management and general expenses
- $74,026
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $623,667
Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: INCUBATOR RENTAL SERVI
total $405,295 · related or exempt $405,295
-
2b · Program service revenue: MTC CONTRACT INCOME
total $159,860 · related or exempt $159,860
-
2c · Program service revenue: INCUBATOR TENANT SERVI
total $16,232 · related or exempt $16,232
-
3 · Investment income
total $6,534 · related or exempt $6,534
-
11a · Other revenue: PARTNERSHIP K-1 INCOME
total -$1,194 · unrelated business -$1,194
-
11e · Other revenue, total
-$1,194
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,267 · program services $92,267
-
7 · Other salaries and wages
total $216,210 · program services $163,448 · management and general $52,762
-
11c · Fees: accounting
total $15,312 · management and general $15,312
-
11g · Fees: other
total $4,120 · program services $4,120
-
12 · Advertising and promotion
total $2,275 · management and general $2,275
-
13 · Office expenses
total $20,908 · program services $17,911 · management and general $2,997
-
14 · Information technology
total $339 · program services $339
-
16 · Occupancy
total $307,558 · program services $307,558
-
19 · Conferences, conventions and meetings
total $718 · program services $718
-
23 · Insurance
total $6,894 · program services $6,894
-
24a · Other expenses: MICELLANEOUS EQUIP AND
total $30,412 · program services $30,412
-
24b · Other expenses: INCOME TAX
total $680 · management and general $680
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $899,336 · end of year $648,385
-
2 · Savings and temporary cash investments
end of year $144,094
-
4 · Accounts receivable
beginning of year $1,130 · end of year $1,668
-
9 · Prepaid expenses and deferred charges
beginning of year $8,217 · end of year $5,890
-
15 · Other assets
beginning of year $29,213 · end of year $1,000
-
17 · Accounts payable and accrued expenses
beginning of year $120,046 · end of year $111,366
-
19 · Deferred revenue
beginning of year $13,530 · end of year $21,895
-
25 · Other liabilities
beginning of year $24,977 · end of year $23,892
-
27 · Net assets without donor restrictions
beginning of year $743,470 · end of year $630,497
-
28 · Net assets with donor restrictions
beginning of year $35,873 · end of year $13,387
Mission and programs · 2022
Mission
TO NURTURE ENTREPRENEURS AS THEY CREATE HIGH-GROWTH VENTURES IN MID MISSOURI THAT IMPROVE LIVES AND GROW THE ECONOMY.
-
ASSIST ENTREPRENEURS IN LAUNCHING NEW VENTURES. MIC ENGAGED WITH 17 RESIDENT CLIENTS AND 12 NON-RESIDENT CLIENTS. MIC HAS A CONTRACT TO OPERATE AN INCUBATOR SPACE AND COLLECTS RENTS FROM THE COMPANIES TO OFFSET THE COSTS OF RUNNING THE INCUBATOR SPACE. WE HAD THREE COMPANIES GRADUATE FROM THE INCUBATION PROGRAM. ASSIST ENTREPRENEURS IN RAISING GRANTS AND EQUITY CAPITAL. MIC'S CLIENTS RAISED $17.9 MILLION IN PRIVATE CAPITAL AND $3 MILLION IN GOVERNMANT CAPITAL (SBIR/STTR GRANTS). JOB CREATION BY CLIENT COMPANIES. MIC'S CLIENTS CREATED 40 ACTUAL JOBS AND AN ADDITIONAL 40 INDIRECT JOBS.
Expenses $623,667 · Revenue $587,921
As filed on the 2022 return.
Listed in Part VII
-
Mark GingrichMARK GINGRICH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn HenryCAROLYN HENRY
VICE CHAIR AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jeff LashleyJEFF LASHLEY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jay AlexanderJAY ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara BuffaloeBARBARA BUFFALOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brant BukowskyBRANT BUKOWSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey ButtonSTACEY BUTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris DaubertCHRIS DAUBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eugene GerkeEUGENE GERKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve GuthrieSTEVE GUTHRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kip KendrickKIP KENDRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Noah ManringNOAH MANRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt McCormickMATT MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randa RawlinsRANDA RAWLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelsey RaymondKELSEY RAYMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott RectorSCOTT RECTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris RobertCHRIS ROBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom SpencerTOM SPENCER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Quinten MessbargerQUINTEN MESSBARGER
INTERIM PRESIDENT AND CEO
- Total calculated
- $92,267
- From this org
- $51,404
- From related orgs
- $0
- Other
- $40,863
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MIC ACCELERATOR FUND MANAGER
C · FUND ADMINISTRATION · MO · 100% owned · share of income $17,392 · share of assets $48,830 · controlled entity
Directly controlled by MO INNOVATION CENTER
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421249349302632
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