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Nonprofiteer
← INCUBATE

Form 990 for tax year 2022

Filed by INCUBATE.

Totals

Total revenue
$715,051
Total expenses
$728,440
Contributions and grants received
$715,000
Grants paid
$114,000
Program service revenue
$0
Investment income
$51
Other revenue
$0
Total assets, end of year
$194,061
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$194,061
Program services expenses (Part IX)
$685,929
Management and general expenses
$42,511
Fundraising expenses
$0
Program service expenses (Part III)
$685,929

Program services were 94.2% 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.

  • 1b · Membership dues

    $715,000

  • 3 · Investment income

    total $51 · excluded $51

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $114,000 · program services $114,000

  • 11b · Fees: legal

    total $1,463 · management and general $1,463

  • 11c · Fees: accounting

    total $41,048 · management and general $41,048

  • 11d · Fees: lobbying

    total $127,500 · program services $127,500

  • 11g · Fees: other

    total $241,062 · program services $241,062

  • 12 · Advertising and promotion

    total $195,066 · program services $195,066

  • 13 · Office expenses

    total $2,525 · program services $2,525

  • 17 · Travel

    total $5,776 · program services $5,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,450 · end of year $194,061

  • 4 · Accounts receivable

    beginning of year $40,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $207,450 · end of year $194,061

Mission and programs · 2022

Mission

WE HELP ENSURE PATIENTS CONTINUE TO BENEFIT FROM THE UNRELENTING INNOVATION SPURRED BY VENTURE CAPITAL INVESTMENT IN LIFE SCIENCES AND PROTECTED BY AMERICA'S INTELLECTUAL PROPERTY SYSTEM.

Activities or mission (Part I)

INCUBATE IS A 501(C)(4) ORGANIZATION OF VENTURE CAPITAL FIRMS REPRESENTING THE PATIENT, CORPORATE, AND INVESTMENT COMMUNITIES, WHOSE PRIMARY AIM IS TO EDUCATE POLICYMAKERS ON THE ROLE OF INVESTMENTS IN BRINGING PROMISING TREATMENTS TO PATIENTS IN NEED. INCUBATE HELPS TO ENSURE PATIENTS CONTINUE TO BENEFIT FROM THE UNRELENTING INNOVATION SPURRED BY VENTURE CAPITAL INVESTMENT IN THE LIFE SCIENCES AND PROTECTED BY AMERICA'S INTELLECTUAL PROPERTY SYSTEM.

  • CONVENED PATIENTS, SCIENTISTS AND INVESTORS TO ADVANCE PRIORITIES FOR EARLY STAGE LIFE SCIENCE ECOSYSTEM.

    Expenses $228,643 · Grants $114,000

  • RAISED AWARENESS FOR POLICYMAKERS ABOUT THE EARLY STAGE ECOSYSTEM.

    Expenses $228,643

  • EDUCATED INVESTORS AND PATIENT GROUPS ON CHANGES TO LIFE SCIENCE POLICY IN THE UNITED STATES.

    Expenses $228,643

As filed on the 2022 return.

Listed in Part VII

  • Steve Gibson

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Janis Naeve

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Lindsay Androski

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

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

  • FUTURE FORWARD EVENTS LLC

    $44,000

    BRINGING TOGETHER ENTREPRENEURS, EXECUTIVES AND INVESTORS IN TECHNOLOGY AND LIFE SCIENCES.

  • CENTER FORWARD

    $30,000

    TO GIVE CENTRIST ALLIES THE INFORMATION THEY NEED TO CRAFT COMMON SENSE BIPARTISAN SOLUTIONS, AND PROVIDE THOSE ALLIES THE SUPPORT THEY NEED TO TURN THOSE IDEAS INTO RESULTS.

  • SPRINGBOARD 2000 ENTERPRISES INC

    $25,000

    TO SUPPORT THE HEALTH INNOVATION PROGRAM

  • AIMHI ACCELERATOR FUND

    $15,000

    FUND START-UP ONCOLOGY COMPANIES, SUPPORTING INNOVATIVE LABORATORY BREAKTHROUGHS THAT HAVE THE POTENTIAL TO SAVE THE LIVES OF CANCER PATIENTS.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333199349309663

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