Incubate EIN 85-4136963

Incubate

EIN  85-4136963 Unknown exempt organization Washington, DC
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Incubate claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Educates policymakers on how venture capital investments advance patient treatments.
Leadership
Christine Brennan · Secretary
Money in and out
$1.8M revenue, $1.2M expenses
Bottom line
+31% surplus margin

Educates policymakers on how venture capital investments advance patient treatments. For fiscal year 2024 it reported $1.8M in revenue, $1.2M in expenses, and $663K in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$663K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $550K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Surplus margin
+31%
revenue over expenses, this year▲ +472% vs prior filing year
Program spending
95%
of expenses reach programs▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.8M
FY2024▲ +81%
Expenses
$1.2M
FY2024▲ +16%
Total assets
$968K
FY2024▲ +762%
Total liabilities
$305K
FY2024
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$663K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$550K
Total assetsPt X · Ln 16$968K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Educated investors and patient groups on changes to life science policy in the united states.

$395Kprogram expense
02

Convened patients, scientists and investors to advance priorities for early stage life science ecosystem.

$395Kprogram expense
03

Raised awareness for policymakers about the early stage ecosystem.

$395Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIncubate
EINHdr · item D85-4136963
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.incubatecoalition.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Incubate executive salaries →

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

Statement of Revenue

Part VIII
Contributions & grants100%$1.8M
Investment income$52
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$1.2M
Management & general5%$64K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$966K
Total assetsLn 16$968K
Total liabilitiesLn 26$305K
Total net assetsLn 32$663K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $966K · Operating expenses/yr $1.2M
9.3 months
Where the money goes
Program services
Program services $1.2M · Total expenses $1.2M
95%
Management & General
Management & general $64K · Total expenses $1.2M
5%
Fundraising
Fundraising $0 · Total expenses $1.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $1.8M
100%
Government reliance
Government grants — · Total revenue $1.8M
Earned-income share
Program service revenue $0 · Total revenue $1.8M
0%
Investment reliance
Investment income $52 · Total revenue $1.8M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.2M
0%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $995K
+81%
Net-asset trend (YoY)
End of year $663K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $1.2M
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $968K
Net-asset ratio
Net assets $663K · Total assets $968K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $968K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christine Brennan · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $1.2M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.2M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 81%
Legal fee ratio 2%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 8 grants · $232K · 2021–2024
Center ForwardVA · FY2023$35,000
Future Forward Events LLCFY2022$44,000
Center ForwardVA · FY2022$30,000
Aim-Hi Accelerator Fund INCMD · FY2022$15,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.8M revenue · viewing · ⤓ 990 PDF
FY2023$995K revenue · ⤓ 990 PDF
FY2022$715K revenue · ⤓ 990 PDF
FY2021$2.3M revenue · ⤓ 990 PDF

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

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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

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 peer-cohort and compensation comparisons above.

Pay it forward
Keep 990 Scout free for the next person.

Better charities, better world. There is no paywall here and nothing to unlock: what you pay covers the next person's lookup.

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