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Nonprofiteer
← NORTHERN ARIZONA TECHNOLOGY & BUSINESS INCUBATOR

Form 990 for tax year 2023

Filed by NORTHERN ARIZONA TECHNOLOGY & BUSINESS INCUBATOR.

Totals

Total revenue
$959,359
Total expenses
$1,118,077
Contributions and grants received
$392,943
Grants paid
$0
Program service revenue
$555,428
Investment income
-$3,746
Other revenue
$14,734
Total assets, end of year
$448,595
Total liabilities, end of year
$319,319
Net assets or fund balances, end of year
$129,276
Program services expenses (Part IX)
$784,683
Management and general expenses
$188,673
Fundraising expenses
$144,721
Program service expenses (Part III)
$784,683

Program services were 70.2% 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)

    $231,693

  • 1f · All other contributions, gifts and grants

    $161,250

  • 2a · Program service revenue: CONTRACT REVENUE

    total $484,125 · related or exempt $484,125

  • 2b · Program service revenue: CLIENT PROGRAMS

    total $43,620 · related or exempt $43,620

  • 2c · Program service revenue: EVENT REVENUE

    total $27,683 · related or exempt $27,683

  • 3 · Investment income

    total $24 · excluded $24

  • 7a · Gross sales of assets other than inventory

    other assets $2,790

  • 7b · Less cost or other basis and sales expenses

    other assets $6,560

  • 7c · Gain or loss

    other assets -$3,770

  • 7d · Net gain or loss

    total -$3,770 · related or exempt -$3,770

  • 11a · Other revenue: OTHER

    total $14,734 · related or exempt $14,734

  • 11e · Other revenue, total

    $14,734

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $260,257 · program services $158,757 · management and general $54,654 · fundraising $46,846

  • 7 · Other salaries and wages

    total $334,321 · program services $205,539 · management and general $71,801 · fundraising $56,981

  • 8 · Pension plan contributions

    total $8,301 · program services $5,064 · management and general $1,743 · fundraising $1,494

  • 9 · Other employee benefits

    total $32,746 · program services $19,975 · management and general $6,877 · fundraising $5,894

  • 10 · Payroll taxes

    total $42,188 · program services $25,735 · management and general $8,859 · fundraising $7,594

  • 11g · Fees: other

    total $39,062 · program services $26,093 · management and general $4,024 · fundraising $8,945

  • 12 · Advertising and promotion

    total $14,459 · program services $13,777 · fundraising $682

  • 13 · Office expenses

    total $15,124 · program services $8,835 · management and general $4,513 · fundraising $1,776

  • 16 · Occupancy

    total $31,781 · program services $21,562 · management and general $5,194 · fundraising $5,025

  • 17 · Travel

    total $28,606 · program services $19,562 · management and general $5,031 · fundraising $4,013

  • 19 · Conferences, conventions and meetings

    total $20,080 · program services $16,363 · management and general $1,233 · fundraising $2,484

  • 22 · Depreciation, depletion and amortization

    total $7,600 · management and general $7,600

  • 23 · Insurance

    total $16,120 · program services $6,226 · management and general $9,894

  • 24a · Other expenses: PROGRAMS

    total $220,000 · program services $220,000

  • 24b · Other expenses: FLAGSTAFF EVENTS

    total $27,855 · program services $27,000 · fundraising $855

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,472 · program services $7,519 · management and general $5,592 · fundraising $1,361

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $2,986 · program services $2,676 · management and general $310

  • 24e · All other expenses

    total $2,119 · management and general $1,348 · fundraising $771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,299 · end of year $135,960

  • 2 · Savings and temporary cash investments

    beginning of year $69,053 · end of year $68,865

  • 4 · Accounts receivable

    beginning of year $117,218 · end of year $66,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,418 · end of year $16,716

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

    $353,436

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

    $300,560

  • 10c · Land, buildings and equipment, net

    beginning of year $64,041 · end of year $52,876

  • 15 · Other assets

    beginning of year $127,804 · end of year $107,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $123,780 · end of year $175,778

  • 25 · Other liabilities

    beginning of year $160,059 · end of year $143,541

  • 27 · Net assets without donor restrictions

    beginning of year $287,994 · end of year $129,276

Mission and programs · 2023

Mission

TO FACILITATE ECONOMIC GROWTH AND TO PROVIDE JOB CREATION AND EXPANSION OF THE LOCAL TAX BASE BY TRANSFORMING START-UP COMPANIES INTO SUCCESSFUL BUSINESS VENTURES.

  • TO FACILITATE ECONOMIC GROWTH AND TO PROVIDE JOB CREATION AND EXPANSION OF THE LOCAL TAX BASE BY TRANSFORMING START-UP COMPANIES INTO SUCCESSFUL BUSINESS VENTURES.

    Expenses $784,683 · Revenue $566,392

As filed on the 2023 return.

Listed in Part VII

  • Molly Davies

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • MacKenzie Fitz-Gerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • Jen Nordstrom

    TRESURER

    Total calculated
    $0
    Hours/week
    0.7

  • Jill Howard Allen

    CHAIR

    Total calculated
    $0
    Hours/week
    0.7

  • Steve Reese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • David Johns

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.7

  • Robert Theobald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • Andre Whittington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • David McIntire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.7

  • L Scott Hathcock

    CEO

    Total calculated
    $138,967
    From this org
    $128,117
    From related orgs
    $0
    Other
    $10,850
    Hours/week
    40

  • Donna Eastman Liddle

    CFO

    Total calculated
    $0
    Hours/week
    40

  • Amanda Kristinat

    CFO

    Total calculated
    $84,274
    From this org
    $81,265
    From related orgs
    $0
    Other
    $3,009
    Hours/week
    40

  • Diana White

    EXECUTIVE DIRECTOR

    Total calculated
    $110,573
    From this org
    $100,926
    From related orgs
    $0
    Other
    $9,647
    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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349316621

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