The Innovation Centre Inc
Nonprofit profile at a glance
- EIN
- 631177971
- IRS 990-EZ coverage
- 2012–2013
- Forms available
- Form 990-EZ 2013
- Location
- Selma, AL, USA
- Phone
- 3344180005
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $149,650
- Expenses
- $173,818
- Assets
- $130,434
- Liabilities
- $59
Source: IRS Form 990-EZ. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- MALLOY CHANDLER (SECRETARY/TREAS)
- CAROLYN VARNER (VICE-CHAIRMAN)
- DR JAMES MITCHELL (Chairman)
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 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dallas county business incubator and job training and assistance resource
What it reported doing in 2013
The business innovation centre has two primary activities, first as the county's business incubator and second as a business traning & assistance resource.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 100
- Sustainability: 36
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 80.2%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -16.1%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.75; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 27.3% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: -23% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 80.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $139K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2012 to 2013
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.