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Nonprofiteer
← SANTA FE BUSINESS INCUBATOR INC

Form 990 for tax year 2023

Filed by SANTA FE BUSINESS INCUBATOR INC.

Totals

Total revenue
$896,166
Total expenses
$1,028,470
Contributions and grants received
$484,225
Grants paid
$0
Program service revenue
$411,251
Investment income
$690
Other revenue
$0
Total assets, end of year
$3,679,559
Total liabilities, end of year
$218,080
Net assets or fund balances, end of year
$3,461,479
Program services expenses (Part IX)
$752,197
Management and general expenses
$174,229
Fundraising expenses
$102,044
Program service expenses (Part III)
$752,197

Program services were 73.1% 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.

  • 1e · Government grants (contributions)

    $458,225

  • 1f · All other contributions, gifts and grants

    $26,000

  • 2a · Program service revenue: TENANT RENTS AND REIMBURSE

    total $411,251 · related or exempt $411,251

  • 3 · Investment income

    total $690 · excluded $690

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,933 · program services $121,673 · management and general $37,311 · fundraising $6,949

  • 7 · Other salaries and wages

    total $170,158 · program services $124,771 · management and general $38,261 · fundraising $7,126

  • 8 · Pension plan contributions

    total $725 · program services $704 · fundraising $21

  • 9 · Other employee benefits

    total $5,297 · program services $5,118 · fundraising $179

  • 10 · Payroll taxes

    total $24,200 · program services $19,602 · management and general $3,630 · fundraising $968

  • 11b · Fees: legal

    total $1,440 · management and general $1,440

  • 11c · Fees: accounting

    total $29,229 · management and general $29,229

  • 11g · Fees: other

    total $112,303 · management and general $29,462 · fundraising $82,841

  • 12 · Advertising and promotion

    total $12,723 · program services $9,329 · management and general $3,394

  • 13 · Office expenses

    total $3,404 · program services $2,496 · management and general $765 · fundraising $143

  • 14 · Information technology

    total $40,775 · program services $29,899 · management and general $9,169 · fundraising $1,707

  • 16 · Occupancy

    total $82,701 · program services $81,357 · management and general $1,171 · fundraising $173

  • 17 · Travel

    total $2,663 · program services $2,627 · management and general $30 · fundraising $6

  • 19 · Conferences, conventions and meetings

    total $15,126 · program services $11,092 · management and general $3,401 · fundraising $633

  • 22 · Depreciation, depletion and amortization

    total $192,616 · program services $190,783 · management and general $1,545 · fundraising $288

  • 23 · Insurance

    total $16,044 · program services $15,113 · management and general $785 · fundraising $146

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $97,728 · program services $96,424 · management and general $1,099 · fundraising $205

  • 24b · Other expenses: MISCELLANEOUS

    total $45,767 · program services $34,106 · management and general $11,400 · fundraising $261

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $7,450 · program services $5,464 · management and general $1,674 · fundraising $312

  • 24d · Other expenses: COMMUNICATIONS

    total $2,056 · program services $1,508 · management and general $462 · fundraising $86

  • 24e · All other expenses

    total $132 · program services $131 · management and general $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,722 · end of year $103,032

  • 2 · Savings and temporary cash investments

    beginning of year $157,878 · end of year $112,924

  • 3 · Pledges and grants receivable

    beginning of year $80,123 · end of year $89,221

  • 4 · Accounts receivable

    beginning of year $4,256 · end of year $3,265

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,023 · end of year $1,139

  • 10a · Land, buildings and equipment: cost or other basis

    $6,432,906

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,074,883

  • 10c · Land, buildings and equipment, net

    beginning of year $3,455,550 · end of year $3,358,023

  • 11 · Investments: publicly traded securities

    beginning of year $10,399 · end of year $11,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,183 · end of year $45,981

  • 23 · Secured mortgages and notes payable

    beginning of year $143,950 · end of year $144,194

  • 25 · Other liabilities

    beginning of year $38,939 · end of year $27,905

  • 27 · Net assets without donor restrictions

    beginning of year $3,512,879 · end of year $3,381,479

  • 28 · Net assets with donor restrictions

    beginning of year $80,000 · end of year $80,000

Mission and programs · 2023

Mission

TO PROMOTE A DIVERSE AND BALANCED ECONOMY BY DEVELOPING EMERGING BUSINESSES IN AN EFFORT TO PROVIDE FUTURE INCOME OPPORTUNITIES FOR SANTA FEANS.

  • THE ORGANIZATION HELPS ACCELERATE THE GROWTH OF EARLY STAGE STARTUP COMPANIES THROUGH COACHING, ADVISORY COUNCILS, ONE-ON-ONE AND GROUP ENGAGEMENT, SEMINARS, WORKSHOPS, AND COMMUNITY BUILDING. RESIDENT CLIENTS LEASE SPACE AT SFBI AND ARE ENTITLED TO 24/7 ACCESS TO A PROFESSIONAL PUBLIC-FACING FACILITY PROVIDING FLEXIBLE OFFICES, LABS, MANUFACTURING, MEETING AND TRAINING SPACES. SHARED RESOURCES INCLUDE HIGH- SPEED INTERNET, REFERENCE LIBRARY, EQUIPMENT, SUPPLIES, AND PARKING. AFFILIATE CLIENTS WHO DO NOT OCCUPY A PHYSICAL SPACE IN SFBI'S CAMPUS HAVE ACCESS TO ALL PROGRAMMING WITH LIMITED USE OF THE FACILITY.

    Expenses $752,197

As filed on the 2023 return.

Listed in Part VII

  • Marie Longserre

    PRESIDENT &

    Total calculated
    $165,932
    From this org
    $143,837
    From related orgs
    $0
    Other
    $22,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,500
    Bonus
    $11,337
    Other
    not reported
    Deferred
    $22,095
    Nontaxable benefits
    not reported
    Filer's total
    $165,932

  • Kent Fuka

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Donna M Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Amanda Cola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Estevan Gonzales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carlos V Duno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Wiviott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349318754

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