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Nonprofiteer
← SANTA FE BUSINESS INCUBATOR INC

Form 990 for tax year 2024

Filed by SANTA FE BUSINESS INCUBATOR INC.

Totals

Total revenue
$787,917
Total expenses
$1,014,564
Contributions and grants received
$422,879
Grants paid
$0
Program service revenue
$363,441
Investment income
$1,597
Other revenue
$0
Total assets, end of year
$3,438,723
Total liabilities, end of year
$203,892
Net assets or fund balances, end of year
$3,234,831
Program services expenses (Part IX)
$800,300
Management and general expenses
$182,047
Fundraising expenses
$32,217
Program service expenses (Part III)
$800,300

Program services were 78.9% 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)

    $397,759

  • 1f · All other contributions, gifts and grants

    $25,120

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

    total $363,441 · related or exempt $363,441

  • 3 · Investment income

    total $1,597 · related or exempt $1,597

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,431 · program services $110,220 · management and general $29,576 · fundraising $5,635

  • 7 · Other salaries and wages

    total $201,587 · program services $152,767 · management and general $41,017 · fundraising $7,803

  • 8 · Pension plan contributions

    total $2,124 · program services $1,196 · management and general $315 · fundraising $613

  • 9 · Other employee benefits

    total $6,781 · program services $5,273 · management and general $1,237 · fundraising $271

  • 10 · Payroll taxes

    total $26,502 · program services $21,467 · management and general $3,975 · fundraising $1,060

  • 11c · Fees: accounting

    total $27,556 · management and general $27,556

  • 11g · Fees: other

    total $61,281 · program services $5,656 · management and general $42,869 · fundraising $12,756

  • 12 · Advertising and promotion

    total $15,820 · program services $11,989 · management and general $3,219 · fundraising $612

  • 13 · Office expenses

    total $6,705 · program services $4,990 · management and general $1,510 · fundraising $205

  • 14 · Information technology

    total $42,190 · program services $32,064 · management and general $8,438 · fundraising $1,688

  • 16 · Occupancy

    total $100,082 · program services $98,871 · management and general $1,018 · fundraising $193

  • 19 · Conferences, conventions and meetings

    total $20,516 · program services $15,947 · management and general $4,282 · fundraising $287

  • 22 · Depreciation, depletion and amortization

    total $195,289 · program services $193,593 · management and general $1,425 · fundraising $271

  • 23 · Insurance

    total $21,313 · program services $20,109 · management and general $1,012 · fundraising $192

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $73,121 · program services $72,235 · management and general $744 · fundraising $142

  • 24b · Other expenses: MISCELLANEOUS

    total $47,011 · program services $46,696 · management and general $195 · fundraising $120

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $6,749 · management and general $6,749

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $6,364 · program services $4,823 · management and general $1,295 · fundraising $246

  • 24e · All other expenses

    total $8,142 · program services $2,404 · management and general $5,615 · fundraising $123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,032 · end of year $137,569

  • 2 · Savings and temporary cash investments

    beginning of year $112,924 · end of year $40,894

  • 3 · Pledges and grants receivable

    beginning of year $89,221 · end of year $66,963

  • 4 · Accounts receivable

    beginning of year $3,265 · end of year $4,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,139 · end of year $3,223

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

    $6,442,696

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

    $3,270,174

  • 10c · Land, buildings and equipment, net

    beginning of year $3,358,023 · end of year $3,172,522

  • 11 · Investments: publicly traded securities

    beginning of year $11,955 · end of year $13,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,981 · end of year $25,818

  • 23 · Secured mortgages and notes payable

    beginning of year $144,194 · end of year $149,164

  • 25 · Other liabilities

    beginning of year $27,905 · end of year $28,910

  • 27 · Net assets without donor restrictions

    beginning of year $3,461,479 · end of year $3,234,831

Mission and programs · 2024

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 $800,300

As filed on the 2024 return.

Listed in Part VII

  • Marie Longserre

    PRESIDENT &

    Total calculated
    $146,031
    From this org
    $141,056
    From related orgs
    $0
    Other
    $4,975
    Hours/week
    40

  • 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

  • Ian Brownlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carlos Duno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Baldonado

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 April 2026
IRS schema version
2024v5.0
Source object
202621109349300882

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