Incubadora Creativa Inc

Nonprofit profile at a glance

EIN
660795977
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Mayaguez, PR, RQ
Phone
7874325018
Rating confidence
Limited
Sector
Small Business Development

Reported finances

Revenue
$33,629
Expenses
$57,757
Assets
$12,910
Liabilities
$1,145

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Silvia A Aguilo Ramos (President)
  • Viviana Cesani (Vice President)

People named in this filing

  • Silvia A Aguilo Ramos (President)
  • Viviana Cesani (Vice President)
  • Mariluz Frontera (Treasurer)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Educational services and support with the purpose of empowering the artist designer and creationist toward his her creative destiny under the entrepreneurship and sustainable economy.

What it reported doing in 2024

Incubadora Creativa is a business incubator for the creative and cultural sector in Puerto Rico. During 2023 we had 20 Pre-Incubation participants and 23 Incubation participants. We offer both programs free of cost with internal and external voluntary resources. Supporting and nurturing talent in the creative and cultural industries have a significant impact on the growth and success of creative entrepreneur individuals and the creative and cultural sector in Puerto Rico as a whole. Having 20 Pre-Incubation participants and 23 Incubation participants indicates a strong interest and demand for our Incubadora Creativa programs. It showcases the value and reputation our Incubadora Creativa has built within the creative and cultural sector in Puerto Rico. The diversity of this sector demonstrates our ability to cater to a wide range of creative talents. Our building capacity curricula which expands to all our programs give free support with internal and external resources to our participants.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 18
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -71.7%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -17.8% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -39.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -60.5% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.