Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Feb 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $271K paid to officers and key staff.
Marshall Goodman’s $271K as President is at the 99th percentile of top reported officer pay among 1709 $100K–1M 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 · 1 named individual · Part VII
| Name | FY2022 | FY2021 |
|---|---|---|
| Marshall Goodman | $270,617 | $120,000 |
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 Central Florida Incubator INC executive salaries →Are you one of these people? Claim this org to confirm your role
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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
Fosters thriving communities through education, entrepreneurship, and investment.
Questions for Central Florida Incubator INC
Your first name shows with your question. Central Florida Incubator INC answers here, for everyone.
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Developed and operated a non-profit store-front (the studio of lake wales) located at 208 e. Stuart avenue in downtown lake wales that provided mentoring services, office space, and technical tools and internet access to start-up small businesses, local entrepreneurs and minority and women- owned enterprises.
Successfully worked with multiple regional non-profits in polk co, hardee co. And highlands co. To promote entrepreneurship and small business development. Key partners were south florida state college, hardee county economic development council, lake wales chamber of commerce, and lake wales main street.
Successfully developed a plan to develop with south florida state college in avon park florida, a culinary incubator to be based on their campus. The plan was unanimously approved by their board.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $114K | $46K |
| Land, buildings, equipmentLn 10c | $29K | $25K |
| Total assetsLn 16 | $143K | $70K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $143K | $70K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $271K | $271K | ||
| Other employee benefitsLn 9 | $1K | $1K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $73K | $73K | ||
| Advertising and promotionLn 12 | $6K | $6K | ||
| Office expensesLn 13 | $14K | $14K | ||
| OccupancyLn 16 | $7K | $7K | ||
| TravelLn 17 | $7K | $7K | ||
| Conferences, conventions and meetingsLn 19 | $179 | $179 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $15K | $15K | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $403K | $0 | $403K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $331K | $403K | −$73K | $70K | 990 PDF |
| FY2021 | $299K | $156K | $143K | $143K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $330,604 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $330,604 across 6 lines filed
Part IX · Statement of functional expenses $403,405 across 12 lines filed
Part X · Balance sheet $70,237 assets, 7 lines filed
Part XI · Reconciliation of net assets $70,237 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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