Skip to content
Nonprofiteer
← INCUBATE

Form 990 for tax year 2023

Filed by INCUBATE.

Totals

Total revenue
$995,261
Total expenses
$1,077,071
Contributions and grants received
$995,000
Grants paid
$62,500
Program service revenue
$0
Investment income
$261
Other revenue
$0
Total assets, end of year
$112,251
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$112,251
Program services expenses (Part IX)
$991,536
Management and general expenses
$85,535
Fundraising expenses
$0
Program service expenses (Part III)
$991,536

Program services were 92.1% 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

    $995,000

  • 3 · Investment income

    total $261 · excluded $261

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $62,500 · program services $62,500

  • 11b · Fees: legal

    total $49,551 · management and general $49,551

  • 11c · Fees: accounting

    total $35,984 · management and general $35,984

  • 11d · Fees: lobbying

    total $120,000 · program services $120,000

  • 11g · Fees: other

    total $405,250 · program services $405,250

  • 12 · Advertising and promotion

    total $402,533 · program services $402,533

  • 13 · Office expenses

    total $1,253 · program services $1,253

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,061 · end of year $86,781

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $25,470

  • 17 · Accounts payable and accrued expenses

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $194,061 · end of year $112,251

Mission and programs · 2023

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 $330,512 · Grants $62,500

  • RAISED AWARENESS FOR POLICYMAKERS ABOUT THE EARLY STAGE ECOSYSTEM.

    Expenses $330,512

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

    Expenses $330,512

As filed on the 2023 return.

Listed in Part VII

  • Christine Brennan

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Laura Gunter

    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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433209349303118

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.