Central Florida Incubator Inc

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

EIN: 871678486 ✦ Lake wales, FL ✦ Designated as a 501(c)(3)

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Overview

What is Central Florida Incubator Inc?

Central Florida Incubator Inc, located at 212 East Stuart Avenue, Lake Wales, Florida 33853, is a nonprofit organization dedicated to fostering entrepreneurship and small business development in the surrounding regions of Polk County, Hardee County, and Highlands County. They collaborate closely with key partners such as South Florida State College, the Hardee County Economic Development Council, the Lake Wales Chamber of Commerce, and Lake Wales Main Street. Their mission is to cultivate thriving communities by providing superior educational opportunities, an innovative entrepreneurial environment, business incubation, and angel investment. They have successfully worked with several regional non-profits to achieve this goal. As of now, the organization employs a team of one dedicated individual.


Official website here: www.centralfloridaincubator.com

Is Central Florida Incubator Inc legitimate?

Central Florida Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Florida Incubator 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: $270,617

For more financial information, click here


Official website here: www.centralfloridaincubator.com

What is the mission statement of Central Florida Incubator Inc?

Central Florida Incubator Inc envisions thriving communities supported by superior educational opportunities, an innovative entrepreneurial environment, business incubation, and angel investment. Their mission is aligned with this vision, aiming to foster such communities through their activities. They have successfully collaborated with various regional non-profits in Polk County, Hardee County, and Highlands County to promote entrepreneurship and small business development. Key partners in these initiatives include South Florida State College, the Hardee County Economic Development Council, Lake Wales Chamber of Commerce, and Lake Wales Main Street.


Official website here: www.centralfloridaincubator.com

What is the revenue of Central Florida Incubator Inc?

Central Florida Incubator Inc's revenue in 2022 was $330,604.


Official website here: www.centralfloridaincubator.com

Who are the executives of Central Florida Incubator Inc and what are their salaries?

The average compensation at Central Florida Incubator Inc during 2022 was $270,617. There is 1 employee at Central Florida Incubator Inc.

Here are 4 key members and their salaries:


Marshall Goodman (President)
  • Compensation: $270,617
  • Related: $0
  • Other: $0
Cindy Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Baldwin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Weber (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centralfloridaincubator.com

Where can I find the form 990 for Central Florida Incubator Inc?

Central Florida Incubator Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.centralfloridaincubator.com

Learn more at the official website: www.centralfloridaincubator.com

Mission Statement of Central Florida Incubator Inc

Central Florida Incubator Inc, as envisioned, aims to establish flourishing communities by fostering superior educational opportunities, nurturing an innovative entrepreneurial environment, promoting business incubation, and encouraging angel investment. Through its mission, the organization strives to create a setting that supports the growth and development of small businesses and entrepreneurs in a wider context.

Central Florida Incubator Inc has demonstrated its commitment to this mission by collaborating with various regional non-profits in Polk County, Hardee County, and Highlands County. By partnering with organizations such as South Florida State College, Hardee County Economic Development Council, Lake Wales Chamber of Commerce, and Lake Wales Main Street, the incubator has worked towards promoting entrepreneurship and small business expansion. This collaborative approach allows Central Florida Incubator Inc to contribute significantly to the local economic landscape.

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Impact




October, 2024

Central Florida Incubator Inc plays a vital role in fostering thriving communities by enhancing educational opportunities, cultivating an innovative entrepreneurial environment, and supporting small business development. It has effectively collaborated with various regional nonprofits in Polk, Hardee, and Highlands Counties to promote entrepreneurship, demonstrating a commitment to local economic growth.

Key partnerships with institutions like South Florida State College and organizations such as the Hardee County Economic Development Council and Lake Wales Chamber of Commerce have amplified its impact. By focusing on business incubation and angel investment, Central Florida Incubator Inc creates a supportive ecosystem for emerging businesses, which not only spurs economic development but also strengthens community ties and promotes sustainable growth.

Through its initiatives, the organization enhances the prospects for local entrepreneurs, leading to job creation, increased investment in the region, and a more resilient economy. Overall, its comprehensive approach to community improvement significantly contributes to the vitality and sustainability of Central Florida’s local economies.




This information is meant to be a general summary of Central Florida Incubator 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
$330,604 (2022)
Expenses
$403,405 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Program Service Revenue: $468
  • Gross Receipts: $330,604

Assets and Liabilities:

  • Total Assets: $70,237
  • Total Liabilities: $0
  • Net Assets: $70,237

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Programs

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

REVENUE - RENTAL FEES

Revenue

$468

Organization Details

Founding Year

2021

Principal Officer

Marshall Goodman

NTEE Category

Code: S43 - Community improvement

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