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← INCUBATOR KITCHEN COLLECTIVE CO

Form 990 for tax year 2024

Filed by INCUBATOR KITCHEN COLLECTIVE CO.

Totals

Total revenue
$307,620
Total expenses
$319,068
Contributions and grants received
$68,700
Grants paid
$0
Program service revenue
$238,301
Investment income
$619
Other revenue
$0
Total assets, end of year
$68,900
Total liabilities, end of year
$960
Net assets or fund balances, end of year
$67,940
Program services expenses (Part IX)
$252,755
Management and general expenses
$66,313
Fundraising expenses
$0
Program service expenses (Part III)
$252,755

Program services were 79.2% 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.

  • 1f · All other contributions, gifts and grants

    $68,700

  • 2a · Program service revenue: SHORT-TERM RENT INCUBATOR

    total $211,320 · related or exempt $211,320

  • 2b · Program service revenue: EVENTS AND CLASSES

    total $21,604 · related or exempt $21,604

  • 2c · Program service revenue: SHORT-TERM RENT HATCHERY

    total $4,612 · related or exempt $4,612

  • 2d · Program service revenue: GOOD N' LOCAL

    total $750 · related or exempt $750

  • 2e · Program service revenue: OTHER

    total $15 · related or exempt $15

  • 3 · Investment income

    total $619 · excluded $619

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $88,422 · program services $44,211 · management and general $44,211

  • 10 · Payroll taxes

    total $7,210 · program services $3,605 · management and general $3,605

  • 11c · Fees: accounting

    total $8,413 · program services $8,413

  • 12 · Advertising and promotion

    total $23,522 · program services $19,500 · management and general $4,022

  • 13 · Office expenses

    total $9,768 · management and general $9,768

  • 16 · Occupancy

    total $122,092 · program services $122,092

  • 17 · Travel

    total $4,438 · program services $4,438

  • 19 · Conferences, conventions and meetings

    total $2,239 · program services $2,239

  • 22 · Depreciation, depletion and amortization

    total $4,356 · program services $4,356

  • 23 · Insurance

    total $4,803 · program services $2,401 · management and general $2,402

  • 24a · Other expenses: KITCHEN AND OFFICE SUPPLI

    total $27,724 · program services $27,724

  • 24b · Other expenses: SMALL FURNITURE & EQUIP

    total $6,103 · program services $6,103

  • 24c · Other expenses: OTHER

    total $5,522 · program services $5,522

  • 24d · Other expenses: BANK CHARGES

    total $2,305 · management and general $2,305

  • 24e · All other expenses

    total $2,151 · program services $2,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,616 · end of year $38,189

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

    $99,082

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

    $68,617

  • 10c · Land, buildings and equipment, net

    beginning of year $30,391 · end of year $30,465

  • 11 · Investments: publicly traded securities

    end of year $246

  • 17 · Accounts payable and accrued expenses

    beginning of year $619 · end of year $960

  • 27 · Net assets without donor restrictions

    beginning of year $79,388 · end of year $67,940

Mission and programs · 2024

Mission

PROVIDE SHARED KITCHEN SPACES TO SUPPORT FOOD ENTREPRENEURS WITH AN AFFORDABLE & COMPREHENSIVE APPROACH. FOOD ENTREPRENEURS FIND BELOW- MARKET RATE LICENSED KITCHEN FACILITIES, FOOD-FOCUSED ENTREPRENEURIAL EDUCATION, AND A NETWORK OF MARKETS, INVESTORS, MENTORS AND A COMMUNITY OF PASSIONATE, LIKE-MINDED PEERS. DURING 2024 - HELD FOUR DIFFERENT LEARNING WORKSHOPS; HELPED OVER 35 COMPANIES LAUNCH OR GROW; AND PROVIDED A FOOD EDUCATION SERIES

  • PROVIDE SHARED KITCHEN SPACES TO SUPPORT FOOD ENTREPRENEURS WITH AN AFFORDABLE & COMPREHENSIVE APPROACH. FOOD ENTREPRENEURS FIND BELOW-MARKET RATE, LICENSED KITCHEN FACILITIES, FOOD-FOCUSED ENTREPRENEURIAL EDUCATION, AND A NETWORK OF MARKETS, INVESTORS, MENTORS AND A COMMUNITY OF PASSIONATE, LIKE-MINDED PEERS. DURING 2024 - HELD FOUR LEARNING WORKSHOPS; HELPED OVER 35 COMPANIES LAUNCH OR GROW; AND PROVIDED A FOOD EDUCATION SERIES

    Expenses $252,755 · Revenue $238,301

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rachel Desrochers

    EXECUTIVE DI

    Total calculated
    $54,546
    From this org
    $54,546
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
27 November 2025
IRS schema version
2024v5.0
Source object
202513319349300501

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