Skip to content
Nonprofiteer
← BUSINESS TECHNOLOGY DEVELOPMENT

Form 990 for tax year 2022

Filed by BUSINESS TECHNOLOGY DEVELOPMENT.

Totals

Total revenue
$233,921
Total expenses
$370,520
Contributions and grants received
$114,500
Grants paid
$0
Program service revenue
$104,729
Investment income
$28,744
Other revenue
-$14,052
Total assets, end of year
$234,311
Total liabilities, end of year
$200,001
Net assets or fund balances, end of year
$34,310
Program services expenses (Part IX)
$278,490
Management and general expenses
$92,030
Fundraising expenses
$0
Program service expenses (Part III)
$278,490

Program services were 75.2% 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.

  • 1e · Government grants (contributions)

    $112,500

  • 1f · All other contributions, gifts and grants

    $2,000

  • 2a · Program service revenue: RENT INCOME

    total $96,069 · related or exempt $96,069

  • 2b · Program service revenue: CLIENT INCOME

    total $8,660 · related or exempt $8,660

  • 3 · Investment income

    total $28,744 · related or exempt $28,744

  • 8b · Fundraising events: direct expenses

    $14,052

  • 8c · Net income from fundraising events

    total -$14,052 · excluded -$14,052

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $62,321 · program services $46,741 · management and general $15,580

  • 10 · Payroll taxes

    total $4,880 · program services $3,660 · management and general $1,220

  • 11c · Fees: accounting

    total $1,613 · program services $806 · management and general $807

  • 13 · Office expenses

    total $532 · program services $399 · management and general $133

  • 14 · Information technology

    total $3,879 · program services $970 · management and general $2,909

  • 16 · Occupancy

    total $224,463 · program services $171,234 · management and general $53,229

  • 23 · Insurance

    total $4,569 · program services $2,284 · management and general $2,285

  • 24a · Other expenses: ADMINISTRATIVE SUPPORT

    total $61,849 · program services $46,387 · management and general $15,462

  • 24b · Other expenses: BAD DEBTS

    total $6,009 · program services $6,009

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $405 · management and general $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $459,470 · end of year $168,684

  • 4 · Accounts receivable

    beginning of year $55,368 · end of year $50,989

  • 9 · Prepaid expenses and deferred charges

    beginning of year $360

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

    $23,080

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

    $23,080

  • 12 · Investments: other securities

    beginning of year $1,208 · end of year $1,208

  • 15 · Other assets

    beginning of year $13,430 · end of year $13,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $352,918 · end of year $192,584

  • 25 · Other liabilities

    beginning of year $6,009 · end of year $7,417

  • 27 · Net assets without donor restrictions

    beginning of year $170,909 · end of year $34,310

Mission and programs · 2022

Mission

INCUBATOR FOR SMALL BUSINESS DEVELOPMENT

  • PROMOTING AND INCREASING BUSINESS OPPORTUNITIES FOR SMALL BUSINESSES IN MADISON COUNTY, ALABAMA. PROMOTING, COORDINATING, DEVELOPING AND OPERATING A SMALL BUSINESS INCUBATOR.

    Expenses $278,490 · Revenue $219,230

  • PROMOTING AND INCREASING BUSINESS OPPORTUNITIES FOR SMALL BUSINESSES IN MADISON COUNTY, ALABAMA. PROMOTING, COORDINATING, DEVELOPING AND OPERATING A SMALL BUSINESS INCUBATOR.

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

Listed in Part VII

  • Bob Baron

    MEMBER

    Total calculated
    $0

  • Peter Buecher

    MEMBER

    Total calculated
    $0

  • Clint Coleman

    MEMBER

    Total calculated
    $0

  • Eric Grigorian

    MEMBER

    Total calculated
    $0

  • Stephen Hall

    MEMBER

    Total calculated
    $0

  • Lee Hoekenschnieder

    BOD CHAIRMAN

    Total calculated
    $0

  • Larry Lewis

    CEO

    Total calculated
    $0

  • Bob Ludwig

    MEMBER

    Total calculated
    $0

  • Rich Marsden

    MEMBER

    Total calculated
    $0

  • Lisa Mays

    MEMBER

    Total calculated
    $0

  • Howard Sanderford

    EX OFFICIO

    Total calculated
    $0

  • Bob Thurber

    BOD VICE CHA

    Total calculated
    $0

  • Danny Windham

    MEMBER

    Total calculated
    $0

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349324980

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.