Missouri Incutech Foundation FY2022 filing

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State and federal funded program for economic development of local businesses.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$621K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $137K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$621K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $775K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$443K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
-11% vs prior year
Spent
$5.0M
To programs
92%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$5.0M
FY2022▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$5.6M
FY2022$5.0M
FY2023$4.5M
FY2024$5.2M
FY2025$4.7M
Expenses
$5.0M
FY2022▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$5.5M
FY2022$5.0M
FY2023$4.5M
FY2024$4.7M
FY2025$4.4M
Net assets
$1.0M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$991K
FY2021$999K
FY2022$1.0M
FY2023$1.1M
FY2024$1.7M
FY2025$2.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $4.6M Management & general 8% · $385K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $621K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Employee
$108,374Pt VII · Sec A
Employee
$105,521Pt VII · Sec A
Employee
$102,578Pt VII · Sec A
$100,866Pt VII · Sec A
$100,619Pt VII · Sec A
$95,893Pt VII · Sec A
$7,283Pt VII · Sec A
Director
$0Pt VII · Sec A

Dusty Cruise’s $148K as CEO is at the 45th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dusty Cruise$147,637$14,494$6,314$7,283$1,200$19,412
Jeanne Wagner————$125,222$139,709
Sherry Phelps$125,597$109,752$99,847$95,893——
Stacey Marler$124,551$112,204—$100,866——
Gary Harrell—$116,518————
David Goebel—————$114,751
Jimmy Story Thru 13123——$111,441———
Joe Bullinger$110,587—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Missouri Incutech Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds local businesses for economic development through state and federal programs.

Questions for Missouri Incutech Foundation

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1 program · $4.6M · in their own filed words · FY2021
01

State and federal funded program for economic development of local businesses, primarily manufacturers and high-technology industries.

$4.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$775K
Grants paid · 35 grants · $1.2M · 2021–2024
Ranken Technical CollegeMO · FY2024$62,500
Ranken Technical CollegeMO · FY2023$25,000
MagnetOH · FY2022$171,947
Ranken Technical CollegeMO · FY2022$31,250
Mep at Columbus StateFY2022$20,000
Catalyst ConnectionPA · FY2022$16,500
Missouri University Science & TechFY2022$12,568
Floridamakes INCFL · FY2022$10,000
Center for Economic GrowthNY · FY2022$10,000
See all 35 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $3.0M federal money spent
Manufacturing Extension PartnershipDepartment of Commerce · ALN 11.611 · Direct$2.7M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Missouri Department of Economic Development$248K
Rural Energy for America ProgramDepartment of Agriculture · ALN 10.868 · Through University of Missouri$23K

The auditor reported: a material weakness in money controls.

Year ending Jun 2024 · $3.4M federal money spent
Manufacturing Extension PartnershipDepartment of Commerce · ALN 11.611 · Direct$3.0M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Missouri Department of Economic Development$399K
Rural Energy for America ProgramDepartment of Agriculture · ALN 10.868 · Through University of Missouri$42K
Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$5K

The auditor reported no findings.

Year ending Jun 2023 · $2.9M federal money spent
Manufacturing Extension PartnershipDepartment of Commerce · ALN 11.611 · Direct$2.8M
Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$49K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Direct$38K

The auditor reported no findings.

Year ending Jun 2022 · $3.3M federal money spent
Manufacturing Extension PartnershipDepartment of Commerce · ALN 11.611 · Direct$3.2M
Rural Energy for America ProgramDepartment of Agriculture · ALN 10.868 · Through University of Missouri$25K
Rural Business Development GrantDepartment of Agriculture · ALN 10.351 · Direct$21K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$3.7M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$2K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.6M
Managementcol C$385K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$847K
Total assetsLn 16$1.5M
LiabilitiesLn 26$443K
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$3.7M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$2K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$577K
SavingsLn 2$270K
Cash and savings togetherLn 1–2$847K
Pledges and grants receivableLn 3$331K
Accounts receivableLn 4$206K
Prepaid expenses and deferred chargesLn 9$54K
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$6K
Total assetsLn 16$1.5M
LiabilitiesLn 26$443K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 528
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$949K$847K
Land, buildings, equipmentLn 10c$21K$20K
Total assetsLn 16$1.7M$1.5M
LiabilitiesLn 26$673K$443K
Net assetsLn 32$999K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$609K$609K
Pay of current officers, directors and key staffLn 5$169K$30K$139K
Other salaries and wagesLn 7$1.7M$1.7M
Pension plan contributionsLn 8$106K$106K
Other employee benefitsLn 9$181K$181K
Payroll taxesLn 10$150K$140K$10K
Other fees for servicesLn 11g$1.3M$1.3M$27K
Office expensesLn 13$53K$41K$12K
Information technologyLn 14$166K$138K$28K
OccupancyLn 16$113K$43K$70K
TravelLn 17$192K$191K$763
Conferences, conventions and meetingsLn 19$53K$43K$10K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$27K$211$27K
Other expenses (24a–d)Ln 24$178K$122K$56K
Total functional expensesLn 25$5.0M$4.6M$385K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 6, 2026 $4.7M$4.4M$306K$2.0M 990 PDF
FY2024Filed with the IRS May 14, 2025 $5.2M$4.7M$551K$1.7M 990 PDF
FY2023Filed with the IRS Mar 6, 2024 $4.5M$4.5M$81K$1.1M 990 PDF
FY2022 ViewingFiled with the IRS Feb 23, 2023 $5.0M$5.0M$22K$1.0M 990 PDF
FY2021Filed with the IRS Jan 28, 2022 $5.6M$5.5M$54K$999K 990 PDF
FY2020Filed with the IRS May 11, 2021 $4.7M$4.9M−$190K$991K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,973,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,213,557$3,675,245
I-9 Program service revenuePrior year $1,352,685$1,296,566
I-10 Investment incomePrior year $13,434$1,735
I-11 Other revenue$0
I-12 Total revenuePrior year $5,579,676$4,973,546
I-13 Grants and similar amounts paid$608,779
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,760,243$2,259,208
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,765,624$2,083,934
I-18 Total expensesPrior year $5,525,867$4,951,921
I-19 Revenue less expensesPrior year $53,809$21,625
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,973,546 across 5 lines filed
VIII-1e Government grants$3,675,245
VIII-1h Total contributions, gifts and grants$3,675,245
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,296,566$1,296,566
VIII-3 Investment incomeExcluded from tax $1,735$1,735
VIII-12 Total revenueRelated to mission $1,296,566 · Excluded from tax $1,735$4,973,546
Part IX · Statement of functional expenses $4,951,921 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $608,779$608,779
IX-5 Pay of current officers, directors and key staffPrograms $29,999 · Management $139,354$169,353
IX-7 Other salaries and wagesPrograms $1,653,249$1,653,249
IX-8 Pension plan contributionsPrograms $105,609$105,609
IX-9 Other employee benefitsPrograms $180,896$180,896
IX-10 Payroll taxesPrograms $139,984 · Management $10,117$150,101
IX-11g Other fees for servicesPrograms $1,271,202 · Management $26,869$1,298,071
IX-13 Office expensesPrograms $40,731 · Management $11,997$52,728
IX-14 Information technologyPrograms $137,792 · Management $28,260$166,052
IX-16 OccupancyPrograms $42,551 · Management $70,141$112,692
IX-17 TravelPrograms $191,273 · Management $763$192,036
IX-19 Conferences, conventions and meetingsPrograms $42,692 · Management $10,015$52,707
IX-22 Depreciation, depletion and amortizationManagement $4,791$4,791
IX-23 InsurancePrograms $211 · Management $26,718$26,929
IX-24 Other expenses (24a–d)Programs $121,915 · Management $56,013$177,928
IX-25 Total functional expensesPrograms $4,566,883 · Management $385,038 · Fundraising $0$4,951,921
Part X · Balance sheet $1,463,624 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $678,965$576,995
X-2 Savings and temporary cash investmentsStart of year $270,176$270,192
X-3 Pledges and grants receivableStart of year $374,727$330,784
X-4 Accounts receivableStart of year $221,392$205,767
X-9 Prepaid expenses and deferred chargesStart of year $99,274$54,144
X-10c Land, buildings and equipment, netStart of year $21,380$19,744
X-15 Other assetsStart of year $6,045$5,998
X-16 Total assetsStart of year $1,671,959$1,463,624
X-17 Accounts payable and accrued expensesStart of year $582,907$380,340
X-19 Deferred revenueStart of year $43,739$62,468
X-26 Total liabilitiesStart of year $672,768$442,808
X-27 Net assets without donor restrictionsStart of year $999,191$1,020,816
X-32 Total net assets or fund balancesStart of year $999,191$1,020,816
X-33 Total liabilities and net assetsStart of year $1,671,959$1,463,624
Part XI · Reconciliation of net assets $1,020,816 net assets at year end
XI-1 Total revenue$4,973,546
XI-2 Total expenses$4,951,921
XI-3 Revenue less expenses$21,625
XI-4 Net assets at start of year$999,191
XI-10 Net assets at end of year$1,020,816

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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