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Memphis Incubator Systems Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621739744 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Memphis Incubator Systems Inc?

Memphis Incubator Systems Inc, a nonprofit organization situated in Memphis, Tennessee, plays a significant role in nurturing the growth of new businesses. With a team of just two dedicated individuals, they provide essential business development assistance to local entrepreneurs. Their mission is to develop, promote, and manage a system of business development incubators, aiming to foster a conducive environment for startups to thrive.


Official website here: www.emergememphis.org

Is Memphis Incubator Systems Inc legitimate?

Memphis Incubator Systems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Incubator Systems Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.emergememphis.org

What is the mission statement of Memphis Incubator Systems Inc?

Memphis Incubator Systems Inc's mission is centered around developing, promoting, and managing a system of business development incubators. This organization aims to cultivate the growth of numerous new businesses by offering business development assistance to local entrepreneurs. By providing this support, Memphis Incubator Systems Inc contributes to the nurturing of innovative ideas and the establishment of thriving businesses within the community.


Official website here: www.emergememphis.org

Who is the CEO of Memphis Incubator Systems Inc?

Bryan Eagle Iii is the Director of Memphis Incubator Systems Inc.


Official website here: www.emergememphis.org

What is the revenue of Memphis Incubator Systems Inc?

Memphis Incubator Systems Inc's revenue in 2020 was $87,806.


Official website here: www.emergememphis.org

Who are the executives of Memphis Incubator Systems Inc and what are their salaries?

There are 2 employees at Memphis Incubator Systems Inc.


Here are 6 key members and their salaries:


Joe Fracchia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Humphries (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Eagle Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Lindy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ogle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Wade (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.emergememphis.org

Where can I find the form 990 for Memphis Incubator Systems Inc?

Memphis Incubator Systems Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.emergememphis.org

Learn more at the official website: www.emergememphis.org

Mission Statement of Memphis Incubator Systems Inc

Memphis Incubator Systems Inc is committed to developing, promoting, and managing a systematic network of business development incubators. Their primary objective is to cultivate the growth of numerous new businesses by providing business development assistance to local entrepreneurs. By implementing this mission, Memphis Incubator Systems Inc plays a pivotal role in fostering economic development and encouraging innovation within the entrepreneurial community.

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Impact




October, 2024

Memphis Incubator Systems Inc plays a crucial role in fostering economic growth and business innovation in the Memphis area. By developing, promoting, and managing a network of business development incubators, the organization provides essential support to emerging entrepreneurs. This assistance cultivates a thriving ecosystem for new business ventures, equipping local entrepreneurs with the resources, mentorship, and guidance necessary to navigate the complexities of starting and growing a business.

Through dedicated services tailored to the unique challenges faced by startups, Memphis Incubator Systems Inc enhances the local economy by creating jobs, stimulating community improvement, and promoting sustainable business practices. The organization's commitment to nurturing new businesses ultimately contributes to a vibrant and resilient entrepreneurial landscape in Memphis.




This information is meant to be a general summary of Memphis Incubator Systems Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$87,806 (2020)
Expenses
$1,397,848 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $17,661
  • Program Service Revenue: $70,145
  • Gross Receipts: $88,001

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$67,133

BUSINESS SERVICES

Revenue

$3,012

Organization Details

Founding Year

1998

Principal Officer

Bryan Eagle Iii

Main Address

2250 COURT AVENUE, MEMPHIS, TN, 38104

NTEE Category

Code: S41 - Community improvement

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