The New Bohemian Innovation Collaborative Inc

Nonprofit profile at a glance

EIN
464387860
IRS 990 coverage
2014–2025
Forms available
Form 990 2025
Location
Cedar Rapids, IA, USA
Phone
3193825128
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$3,312,301
Expenses
$1,734,145
Assets
$812,165
Liabilities
$590,397

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JILL WILKINS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ALEX TAYLOR (DIRECTOR OF ENTREPRENEURSHIP): $144,504 total reported compensation
  • JILL WILKINS (EXECUTIVE DIRECTOR): $131,984 total reported compensation
  • JESSICA FABER (DIRECTOR OF MARKETING): $121,729 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We accelerate world-changing ideas, from Iowa.

What it reported doing in 2025

Newboco entrepreneurship programs included entrefest which served over 360 attendees, 1 million cups which gathered 25 attendees per week, vault coworking which assisted approximately 40 entrepreneurs, kiva Iowa which assisted 19 additional underserved entrepreneurs in 12 Iowa cities and over 2,500+ entrepreneurs participated in networking, learning, and mentorship programs during the year ending december 31, 2025.

Operating model

Revenue model
Donor-supported. 75% 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.3%; rating input score 37
  • Program expense ratio: 69%; rating input score 69
  • Fundraising efficiency: $17.58 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 47.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.73; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 23%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 16.3% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 37.3% of revenue deployed · 69% of spending went to programs
  • Governance: 9 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $145K · 14 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2014 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.