2019-02-20T13:07:32-05:00 2018-09-30 260254161 Tuscan & Company PA 12621 World Plaza Lane Bldg 55 Fort Myers FL 33907 990 2017-10-01 471997241 Economic Incubators Inc ECON 3510 Kraft Road Naples FL 34105 Jennifer Pellechio President 2392495911 2019-01-31 true Jeffrey M Tuscan CPA P00184439 2393332090 2019-01-31 50.192.23.189 2019-02-28 09:48:16 6573472019059ythg2yl 2019-02-28 P EECEA1A7A6C367BB5568F74753EE30F3990C14F7 EECEA1A7A6C367BB5568F74753EE30F3990C14F7 2017 2019-02-21 02:37:17Z 924341 false X http://economicincubators.com X 2014 FL Economic Incubators, Inc. supports and nurtures new and developing businesses to expand, grow and prosper in Collier County and beyond, thus creating jobs, investments and diversity in the local economy. 11 10 6 5 0 0 2458252 751575 0 -3329 -1190 151049 92699 2605972 843084 13950 0 406274 420766 0 0 1139723 531596 1545997 966312 1059975 -123228 1265188 1226659 45976 130675 1219212 1095984 Economic Incubators, Inc. supports and nurtures new and developing businesses to expand, grow and prosper in Collier County and beyond, thus creating jobs, investments and diversity in the local economy. false false 869681 91509 Establishment of a local incubator for job creation of individuals and businesses in the Collier County area. 869681 true true false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false false false true false false false false false false false false false true 2 0 6 true false false false false false false false false false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false FL X X X The Organization 2392495911 3510 Kraft Road Suite 200 Naples FL 34105 Marshall Goodman DirectorPresCEO 40.00 0.00 X X 159310 0 29335 Richard Grant DirectorVice ChairmanSecret 5.00 0.00 X X 0 0 0 Fred Pezeshkan DirectorChairman 5.00 0.00 X X 0 0 0 Dudley Goodlette Director 2.00 0.00 X 0 0 0 Jean-Pierre Garnier Director 2.00 0.00 X 0 0 0 Joe Paterno Director 2.00 0.00 X 0 0 0 Louis Traina Director 2.00 0.00 X 0 0 0 Stephen Wheeler Director 2.00 0.00 X 0 0 0 George Ahearn Director 2.00 0.00 X 0 0 0 Garrett Richter DirectorTreasurer 2.00 0.00 X X 0 0 0 Richard Klass Director 2.00 0.00 X 0 0 0 Philippe Camus Director 2.00 0.00 X 0 0 0 Jennifer Pellechio President 40.00 0.00 X 90568 0 11699 249878 0 41034 1 false true false 664995 86580 751575 168673 76021 92652 92652 92652 4046 5236 -1190 -1190 -1190 Miscellaneous Income 900099 47 47 47 843084 91509 0 0 13950 13950 217494 195745 21749 125549 112994 12555 13319 11987 1332 40736 36662 4074 23668 21301 2367 12264 11038 1226 23022 20720 2302 7130 6417 713 13589 12230 1359 218014 196213 21801 8850 7965 885 842 758 84 96121 86509 9612 7848 7063 785 Professional fees 80250 72225 8025 Sponsorship expense 13633 10875 2758 Facilities and equipment 30288 27259 3029 Participant amenities 8158 7342 816 11587 10428 1159 966312 869681 96631 0 26516 14484 50382 10000 4197 85891 4483 1225459 117283 1184093 1108176 3625 1265188 1226659 24824 75273 10167 33902 21152 11333 45976 130675 X 30119 6722 1189093 1089262 1219212 1095984 1265188 1226659 -123228 0 X false true X true false X 395000 519847 2458252 751575 4124674 395000 519847 2458252 751575 4124674 4124674 4124674 356266 X 1128861 81117 1047744 36404 15786 20618 60194 20380 39814 1108176 Accrued Compensated Absences 11333 11333 X 1128365 243400 41881 285281 843084 843084 1251593 243400 41881 285281 966312 966312 Other revenues not included on Form 990 (Part XI, line 2d) Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990. Other expenses not included on Form 990 (Part XII, line 2d) Rental expenses of $36,645 are included in expenses on the audited statements but are shown net of rental income on Form 990. Woodstocks expenses of $5,236 are included in expenses on the audited financial statements but are shown net of sale proceeds on Form 990. Footnote for uncertain tax position under FIN 48 (Part X) No provision for income tax expense has been made in the accompanying financial statements since Economic Incubators, Inc. is exempt from income taxes under Internal Revenue Code Section 501(c)(3). In addition, Economic Incubators, Inc. is not a private Foundation within the meaning of Section 509(a) of the Internal Revenue Code. The Internal Revenue Code provides for taxation of unrelated business income under certain circumstances. Management believes Economic Incubators, Inc. met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax. Economic Incubators, Inc.s income tax returns for the past three years are open and subject to examination by tax authorities, and may change upon examination. Economic Incubator, Inc. reports no unrelated business taxable income; however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities. true Seaway Studios DBA Fifth Ave Films 15130 Royal Windsor Lane Ste 1601 Fort Myers FL 33919 812929211 11250 FMV Business Development Marketing Package Monitoring procedures (Part I, line 2) The Organization maintains records for all grants or assistance provided to organizations and ensures that the organization meets any applicable conditions before distributing funds. X false false X false false false false false false false false false Marshall Goodman DirectorPresCEO 159310 8674 20661 188645 Fred Pezeshkan Chairman 197900 Rental of office space false Supplemental Information for Schedule L Economic Incubators (EII) paid $197,900 in rent to Kraft Office Center LLC (Kraft) during the fiscal period. Fred Pezeshkan is Chairman of EIIs Board of Directors and he is also manager of Kraft. Form 990 governing body review Part VI line 11 A copy of the Form 990 is provided to all Board Members prior to its submission to the Internal Revenue Service (IRS). The President, Secretary and Treasurer reviews and approves the Form 990 for submission to the IRS. Conflict of interest policy compliance Part VI line 12c Annually, the Board is asked to review the conflicts of interest policy, disclose any conflicts, and sign the policy. If conflict of interest arises, the Board Member will not be permitted to participate in the transaction or decision. CEO executive director top management comp Part VI line 15a Annually, the Board examines a salary survey and reference to Floridawages.com to determine compensation. Other officer or key employee compensation Part VI line 15b Annually, the Board examines a salary survey and reference to Floridawages.com to determine compensation. Form 990 availability to public Part VI line 18 The 990 is available by public request. Governing documents etc available to public Part VI line 19 Available upon request. General explanation attachment During the fiscal year, the Organization had one board member resign, Garrett Richter. Therefore, at the end of the year, they had 11 voting members.