Form 990 for tax year 2022

What the amendment changed

Compared with the return it replaced , filed 28 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$2,324,839 →changed to $2,326,136

Total expenses

$10,385,596 →changed to $9,546,664

Grants paid

$8,415,000 →changed to $8,574,425

Investment income

$67 →changed to $1,364

Total assets, end of year

$1,192,973 →changed to $1,247,593

Total liabilities, end of year

$395,828 →changed to $500,726

Net assets or fund balances, end of year

$797,145 →changed to $746,867

Program services expenses

$10,052,699 →changed to $9,360,047

Management and general expenses

$332,897 →changed to $186,617

Program service expenses (Part III)

$10,052,699 →changed to $9,360,047

Totals

Total revenue

$2,326,136

Total expenses

$9,546,664

Contributions and grants received

$2,324,772

Grants paid

$8,574,425

Program service revenue

$0

Investment income

$1,364

Other revenue

$0

Total assets, end of year

$1,247,593

Total liabilities, end of year

$500,726

Net assets or fund balances, end of year

$746,867

Program services expenses (Part IX)

$9,360,047

Management and general expenses

$186,617

Fundraising expenses

$0

Program service expenses (Part III)

$9,360,047

Program services were 98.0% 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.

Mission and programs · 2022

• Social Tides (Google)With the help of the Google.org Fund and Social Tides Foundation, Inco was able to establish a Solutions Fund programme destined to further Europe's social Economy.The fund developed two tracks for aspiring social entrepreneurs, the Aspire Track and the Grow Track.Whereas the Aspire Track is a short term involvement with potential entrepreneurs, the Grow Track accompanies them longer, more intensively.Based on the current success an additional two countries are about to start their own local programs.Due to the nature of each program, the Aspire Track provides a two month involvement with the entrepreneurs in their respective countries assisting with business knowledge and shaping their business idea or product.The Gow Track however provides an eight month paneuropean program that involves the candidates in creating active steps to furthering their business and provides them with an even more nurturing environment. Each participant gains among other things viable business experience and networking opportunities by collaborating with their cohort.Both programs also provide financial aid to graduates after completion to ensure the best potential outcome for the entrepreneurs . So far the financial impact amounts to 209 000. On average each participant received 5 650 per so far.The Grow Program counts 33 participants from 12 countries who are currently still enrolled until March 2023.As for the Aspire Program, 37 graduated with 57% being female entrepreneurs.

  Expenses $7,910,515 · Grants $8,109,425

• Work in Tech IndonesiaInco's Work in Tech Indonesia program was launched in partnership with Plan International's local group in December 2021 for a duration of 16 months with funds provided by the Google.org Fund.Its focus is to provide people with knowledge in the IT field to help them secure an advantage on the job market. The students, who are represented by a large majority of vocational students from rural areas with a low income potential, therefore gain vital information in a field that will take a gradually larger part for every type of job in the future. In Addition the program provides them with the choice of specialization in a soaring IT field (digital marketing, data or web development) as well as soft skills training. After the end of their study Working in Tech offers a work placement scheme which accompanies the students individually during their placements in a partner company. Work in Tech but also its main partner, the Google Fund, organize job events to match interested companies with their alumni. So far the program is ahead of schedule with already having achieved 75% of its target training 10.000 students.Many of them, 42% to be exact, have already graduated and a third of graduates were able to find a work placement or further study.

  Expenses $508,286

• Australia TechIn November 2019, INCO launched INCO Academy across Australia, France, Germany, Ireland and the United Kingdom which has seen such success that it is currently expanding to Poland and Luxemburg.Today multiple benefactors such as the Google.org Fund, Atlassian and Accenture participate in funding tech schemes in Australia.The program's goal is to democratize tech skills and thus level the global playing field. In Australia this path started with a module called GetintoTech which is a 4-week bootcamp that helps participants to discover the sector and its opportunities. Further modules such as InCode, InMarketing or in UX Design provide applied learning courses to students. In addition students also receive courses furthering their soft skills and cultural knowledge to better adapt to their working environment. Today IT skills become increasingly important however green digital skills are very high in demand as well. Inco Academy therefore partnered with giants Microsoft, Linkedin and Credit Suisse to equip learners with a Green Digital Skills Certification to further their careers.Inco Academy in Australia is proud to help a 60% female student population which are mainly refugees, first generation or First Nation students and to provide a placement scheme for students who completed their course. So far 301 students graduated from a course offered by Inco Academy Australia and 80 graduates (26%), were being matched with Startup companies.

  Expenses $941,246 · Grants $465,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• INCO Australia LTD

  Foreign Equivalent · Individual Empowerment · AS

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.

Provenance

Return type

form_990

Tax year

2022

Filed

29 March 2024

IRS schema version

2022v5.0

Source object

202400909349300900

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