Fertilab

Nonprofit profile at a glance

EIN
462972090
IRS 990-EZ coverage
2020–2020
Forms available
Form 990 2019, Form 990-EZ 2020
Location
Eugene, OR, USA
Phone
5414841314
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Small Business Development

Official website

Reported finances

Revenue
$75,959
Expenses
$117,524
Assets
$5,388

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • BRITTANY QUICK-WARNER (CHAIR)
  • SHULA JOHNSON (SECRETARY)
  • SHANE JOHNSON (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fertilab thinkubator empowers entrepreneurs by providing business incubation space alongside mentorship and educational programming.

What it reported doing in 2020

Fertilab thinkubator empowers entrepreneurs by providing business incubation space alongside mentorship and educational programming for over 1400 people in the area. Fertilab is the only incubator between portland and san francisco that fully supports bioscience companies. Those companies have created 40 jobs in lane county in the past year. Pre-accelerator programs mentor open hours (previously called the startup clinic) is now held at four locations - eugene, springfield, cottage grove and veneta - on a rolling monthly basis in all locations. Both the mentor open hours and the id8 pre-accelerator have provided formal training to educate people in entrepreneurial thinking and business development. Since inception, the programs have helped over 30 companies with their startup which has brought over 5 million into the local economy.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 93
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.6%; rating input score 68
  • Program expense ratio: 60.8%; rating input score 61

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -54.7%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -12.8% per year; rating input score 0; 28th percentile among comparable filings
  • Asset growth: -30.4% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 67.6% of revenue deployed · 60.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $71K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.