Incubator Kitchen Collective Co

Tax-deductible

Newport, KY501(c)(3)Since 2016Food & AgricultureEIN 81-4918647Revenue $317K in FY2025

On file with the IRS517 W 7th St, 41071-1238 · Newport, KYTax-exempt since Feb 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Shared Kitchen Spaces to Support Food Entrepreneurs With An Affordable & Comprehensive Approach. Food Entrepreneurs Find Below - Market Rate Licensed Kitchen Facilities, Food-Focused Entrepreneurial Education, And A Network Of Markets, Investors, Mentors And A Community Of Passionate, Like-Minded Peers.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$42K 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

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $10K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$42K
to officers and key staff · 13% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$317K
+3% vs prior year
Spent
$315K
To programs
77%
Net assets
$70K
By yearFY2020–FY2025
Revenue
$317K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$240K
FY2022$295K
FY2023$303K
FY2024$308K
FY2025$317K
Expenses
$315K
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$205K
FY2021$245K
FY2022$283K
FY2023$268K
FY2024$319K
FY2025$315K
Net assets
$70K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$38K
FY2021$33K
FY2022$44K
FY2023$79K
FY2024$68K
FY2025$70K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2017.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $244K Management & general 23% · $71K

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

1 person listed on the 990; $42K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive D1
$41,733Pt VII · Sec A

Rachel Desrochers’s $42K as Executive D1 is at the 42nd percentile of top reported officer pay among 1171 $100K–1M food & agriculture 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 · 1 named individual · Part VII

NameFY2025FY2024
Rachel Desrochers$41,733$54,546

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.

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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

Provides shared kitchen space, education, and resources for food entrepreneurs to launch and grow businesses.

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Provided by the organization

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1 program · $244K · in their own filed words · FY2025
01

Provide Shared Kitchen Spaces to Support Food Entrepreneurs With An Affordable & Comprehensive Approach. Food Entrepreneurs Find Below - Market Rate Licensed Kitchen Facilities, Food-Focused Entrepreneurial Education, And A Network Of Markets, Investors, Mentors And A Community Of Passionate, Like-Minded Peers.

$244Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$317K
Ln 12
Fees for servicesLn 2g$252K
Gifts and grantsLn 1h$64K
Investment incomeLn 3$931
Money outPt IX
$315K
Ln 25
Programscol B$244K
Managementcol C$71K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$71K
LiabilitiesLn 26$2K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Fees for servicesLn 2g$252K
Investment incomeLn 3$931
Total revenueLn 12$317K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$29K
Total assetsLn 16$71K
LiabilitiesLn 26$2K
Net assetsLn 32$70K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$38K$42K
Land, buildings, equipmentLn 10c$30K$29K
Total assetsLn 16$69K$71K
LiabilitiesLn 26$960$2K
Net assetsLn 32$68K$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23K$23K
Other salaries and wagesLn 7$81K$41K$41K$0
Payroll taxesLn 10$7K$3K$3K$0
Legal feesLn 11b$8K$8K$0$0
Advertising and promotionLn 12$2K$1K$1K$0
Office expensesLn 13$22K$0$22K$0
Information technologyLn 14$1K$745$745$0
OccupancyLn 16$58K$58K$0$0
TravelLn 17$780$780$0$0
Travel and entertainment for public officialsLn 18$731$731$0$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$2K$2K$0$0
InsuranceLn 23$6K$3K$3K$0
Other expenses (24a–d)Ln 24$7K$6K$634$0
All other expensesLn 24e$94K$94K$0$0
Total functional expensesLn 25$315K$244K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $317K$315K$2K$70K 990 PDF
FY2024 $308K$319K−$11K$68K 990 PDF
FY2023 $303K$268K$35K$79K 990 PDF
FY2022 $295K$283K$11K$44K 990 PDF
FY2021 $240K$245K−$5K$33K 990 PDF
FY2020 $232K$205K$27K$38K 990 PDF

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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 FY2025 990 (6 parts)
Part I · Summary $316,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,700$63,925
I-9 Program service revenuePrior year $238,301$251,856
I-10 Investment incomePrior year $619$931
I-11 Other revenue$0
I-12 Total revenuePrior year $307,620$316,712
I-13 Grants and similar amounts paidPrior year $0$23,280
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $95,632$88,398
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $223,436$203,460
I-18 Total expensesPrior year $319,068$315,138
I-19 Revenue less expensesPrior year −$11,448$1,574
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $316,712 across 5 lines filed
Lines not itemized here account for $10,584 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$63,925
VIII-1h Total contributions, gifts and grants$63,925
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$241,272
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $931$931
VIII-12 Total revenueRelated to mission $251,856 · Unrelated business $0 · Excluded from tax $931$316,712
Part IX · Statement of functional expenses $315,138 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $23,280$23,280
IX-7 Other salaries and wagesPrograms $40,716 · Management $40,716 · Fundraising $0$81,432
IX-10 Payroll taxesPrograms $3,483 · Management $3,483 · Fundraising $0$6,966
IX-11b Legal feesPrograms $8,436 · Management $0 · Fundraising $0$8,436
IX-12 Advertising and promotionPrograms $1,031 · Management $1,031 · Fundraising $0$2,062
IX-13 Office expensesPrograms $0 · Management $21,751 · Fundraising $0$21,751
IX-14 Information technologyPrograms $745 · Management $745 · Fundraising $0$1,490
IX-16 OccupancyPrograms $57,846 · Management $0 · Fundraising $0$57,846
IX-17 TravelPrograms $780 · Management $0 · Fundraising $0$780
IX-18 Travel and entertainment for public officialsPrograms $731 · Management $0 · Fundraising $0$731
IX-19 Conferences, conventions and meetingsPrograms $2,733 · Management $0 · Fundraising $0$2,733
IX-22 Depreciation, depletion and amortizationPrograms $1,615 · Management $0 · Fundraising $0$1,615
IX-23 InsurancePrograms $2,780 · Management $2,781 · Fundraising $0$5,561
IX-24 Other expenses (24a–d)Programs $5,973 · Management $634 · Fundraising $0$6,607
IX-24e All other expensesPrograms $93,848 · Management $0 · Fundraising $0$93,848
IX-25 Total functional expensesPrograms $243,997 · Management $71,141 · Fundraising $0$315,138
Part X · Balance sheet $71,087 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $38,189$41,818
X-4 Accounts receivable$420
X-10c Land, buildings and equipment, netStart of year $30,465$28,849
X-16 Total assetsStart of year $68,900$71,087
X-17 Accounts payable and accrued expensesStart of year $960$1,573
X-26 Total liabilitiesStart of year $960$1,573
X-27 Net assets without donor restrictionsStart of year $67,940$69,514
X-32 Total net assets or fund balancesStart of year $67,940$69,514
X-33 Total liabilities and net assetsStart of year $68,900$71,087
Part XI · Reconciliation of net assets $69,514 net assets at year end
XI-1 Total revenue$316,712
XI-2 Total expenses$315,138
XI-3 Revenue less expenses$1,574
XI-4 Net assets at start of year$67,940
XI-10 Net assets at end of year$69,514

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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