philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Peninsula Technology Incubator FY2021 filing

Hampton, VAUnknown exempt organizationEIN 45-5282723

Dedication to nourishing ideas into small business that are prepared to change the world.

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $991 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
113% of total assets
Concern: liabilities are 113% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
-7% vs prior year
Spent
$251K
To programs
84%
Net assets
−$3K
By yearFY2020–FY2022
Revenue
$247K
FY2021▼ -7%
Revenue by fiscal year
FY2020$265K
FY2021$247K
FY2022$126K
Expenses
$251K
FY2021▼ -5%
Expenses by fiscal year
FY2020$265K
FY2021$251K
FY2022$126K
Net assets
−$3K
FY2021
Net assets by fiscal year
FY2020$0
FY2021−$3K
FY2022$0

From the FY2021 Form 990 (year ending September 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $210K Management & general 16% · $41K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Douglas O Stanley
Director & President
$0Pt VII · Sec A
Karl L Drews
Director & Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Peninsula Technology Incubator executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aNo

Programs and updates

Nurtures innovative ideas into world-changing small businesses.

Provided by the organization

This section is blank until Peninsula Technology Incubator claims this page.

Know this organization? Claim it to add your story

2 program services account for $210K of program spending, described in the organization's own filed words · FY2020.
01

Hampton Ida Grant

Pti provides clients with office accommodations, access to laboratories, and business consulting services. Pti assists clients with business plans, marketing development and capitalization.

$183Kprogram expense
02

Sba Growth Accelerator Funds

The U.S. Small business administration launched a competition for accelerators and other entrepreneurial ecosystem models to compete for monetary prizes of $50,000 each to fund operating budgets.

$27Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$247K
Ln 12
Gifts and grantsLn 1h$227K
Fees for servicesLn 2g$20K
Investment incomeLn 3$3
Money outPt IX
$251K
Ln 25
Programscol B$210K
Managementcol C$41K
Owns and owesPt X
−$3K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$25K
LiabilitiesLn 26$29K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$227K
Government grantsLn 1e$200K
Fees for servicesLn 2g$20K
Investment incomeLn 3$3
Total revenueLn 12$247K
Assets in detailPt X, end of year
SavingsLn 2$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$25K
LiabilitiesLn 26$29K
Net assetsLn 32−$3K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$39K$20K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$94K$25K
LiabilitiesLn 26$94K$29K
Net assetsLn 32$0−$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$189K$189K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$3K$233$3K
Information technologyLn 14$259$259
OccupancyLn 16$56K$21K$35K
Other expenses (24a–d)Ln 24$501$501
Total functional expensesLn 25$251K$210K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $126K$126K$276$0 990 PDF
FY2021 Viewing $247K$251K−$3K−$3K 990 PDF
FY2020 $265K$265K$0$0 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $247,491 across 6 lines filed
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$27,310
VIII-1h Total contributions, gifts and grants$227,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,178$20,178
VIII-3 Investment incomeExcluded from tax $3$3
VIII-12 Total revenueRelated to mission $20,178 · Unrelated business $0 · Excluded from tax $3$247,491
Part IX · Statement of functional expenses $250,741 across 6 lines filed
IX-11a Management feesPrograms $188,572$188,572
IX-11c Accounting feesManagement $2,625$2,625
IX-13 Office expensesPrograms $233 · Management $2,965$3,198
IX-14 Information technologyPrograms $259$259
IX-16 OccupancyPrograms $20,896 · Management $34,690$55,586
IX-24 Other expenses (24a–d)Management $501$501
IX-25 Total functional expensesPrograms $209,960 · Management $40,781 · Fundraising $0$250,741
Part X · Balance sheet $25,391 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $39,044$19,766
X-4 Accounts receivableStart of year $55,375$5,625
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $94,419$25,391
X-17 Accounts payable and accrued expensesStart of year $64,700$25,307
X-19 Deferred revenueStart of year $29,719$3,334
X-26 Total liabilitiesStart of year $94,419$28,641
X-27 Net assets without donor restrictions−$3,250
X-32 Total net assets or fund balancesStart of year $0−$3,250
X-33 Total liabilities and net assetsStart of year $94,419$25,391
Part XI · Reconciliation of net assets −$3,250 net assets at year end
XI-1 Total revenue$247,491
XI-2 Total expenses$250,741
XI-3 Revenue less expenses−$3,250
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,250

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.