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Nonprofiteer
← NOVACOMM

Form 990 for tax year 2022

Filed by NOVACOMM.

Totals

Total revenue
$0
Total expenses
$588
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,422
Total liabilities, end of year
$1,856
Net assets or fund balances, end of year
$1,566
Program services expenses (Part IX)
$0
Management and general expenses
$588
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $588 · management and general $588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,422 · end of year $3,422

  • 25 · Other liabilities

    beginning of year $1,268 · end of year $1,856

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,154 · end of year $1,566

Mission and programs · 2022

Mission

NOVACOMM'S MISSION IS TO CREATE JOBS AND EDUCATE SOUTHERN CALIFORNIA'S HIGH-TECH COMMUNITY AT LARGE, PRIMARILY THROUGH THE EVONEXUS INCUBATOR.

  • EVONEXUS IS A LEADING NON-PROFIT HIGH-TECH TRADE ORGANIZATION AND INCUBATOR WITH LOCATIONS IN SAN DIEGO, IRVINE AND SAN MATEO. OUR MISSION IS TO STIMULATE THE GROWTH OF NEW HIGH TECHNOLOGY COMPANIES IN OUR REGION. WE PROVIDE FULL SERVICES - FURNISHED OFFICE SPACE, DOMAIN EXPERTS AND MENTORS, AND THE OPPORTUNITY TO LEVERAGE OUR WIDE NETWORK OF BUSINESS AND VC CONTRACTS - TO START-UP COMPANIES STRIVING TO ACHIEVE SUSTAINABILITY. ADMITTED STARTUPS WILL PARTICIPATE IN THE PROGRAM UP TO 24 MONTHS.EVONEXUS' STATISTICS TO DATE:- ESTABLISHED OCTOBER 2009- 6,000+ APPLICATIONS RECEIVED, 260 COMPANIES IN OUR PORTFOLIO- $4.6B IN TOTAL FUNDING AND ACQUISITION OUTCOME BY COMPANIES. 85% OF COMPANIES RECEIVED FUNDING DURING INCUBATION. - 80% OF PORTFOLIO COMPANIES ARE STILL ACTIVE- 12 COMPANIES CURRENTLY INCUBATING- 54 ACQUISITIONS- 4,000+ JOBS CREATED

  • MARKETLINK IS AN OPPORTUNITY FOR COMPANIES TO INITIATE AND DEVELOP STRATEGIC RELATIONSHIPS WITH LEADING MULTI-NATIONAL CORPORATIONS. THIS UNIQUE AND POWERFUL PROGRAM INTRODUCES PARTICIPATING COMPANIES TO TOP-LEVEL EXECUTIVES SEARCHING FOR NEW PRODUCTS AND TECHNOLOGIES, ALL AT NO COST TO THE APPLICANT. THE PROGRAM IS A HIGHLY EFFICIENT AND EFFECTIVE VEHICLE FOR CONNECTING INDUSTRY GIANTS WITH QUALITY COMPANIES DEVELOPING THE LATEST TECHNOLOGY AND PRODUCTS.MARKETLINK HAS CONNECTED INNOVATIVE COMPANIES WITH MULTI-NATIONAL CORPORATIONS SUCH AS VIASAT, CUBIC, HP, LG AND OTHERS IN A TARGETED AND EXTREMELY TIME-EFFICIENT MANNER.

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

Listed in Part VII

  • John Major

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Tom Hartman

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Admiral Walter Davis

    BOARD MEMBER,OFFICER

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • EVONEXUS

    501(C)(6) · SAN DIEGO BUSINESS DEVELOPMENT IN THE TECHNOLOGY INDUSTRY · CA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349318600

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