2019-09-19T10:16:34-04:00 2019-08-31 260254161 Tuscan & Company PA 12621 World Plaza Lane Bldg 55 Fort Myers FL 33907 990 2018-10-01 471997241 Economic Incubators Inc ECON 5551 Ridgewood Drive Naples FL 34108 Richard Grant Chairman 2395141000 2019-09-13 true Jeffrey M Tuscan CPA P00184439 2393332090 2019-09-13 50.192.23.189 2019-09-25 08:37:35 6573472019268rxxu1w5 2019-09-25 P BA58B87AC5F491E7F862D51EA5E7319EBB23C533 BA58B87AC5F491E7F862D51EA5E7319EBB23C533 2018 2019-02-21 02:37:17Z X X 705690 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. X 11 10 6 1 0 0 751575 490695 0 -1190 393 92699 159898 843084 650986 13950 0 0 420766 315087 0 0 531596 1431886 966312 1746973 -123228 -1095987 1226659 0 130675 0 1095984 0 X 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 true 1572251 160291 Establishment of a local incubator for job creation of individuals and businesses in the Collier County area. 1572251 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false true false false true true false false false false false true 8 0 6 true 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 Jennifer Pellechio 2395141000 5551 Ridgewood Drive Naples FL 34108 Richard Grant DirectorChairman 5.00 0.00 X X 0 0 0 Fred Pezeshkan Director 5.00 0.00 X 0 0 0 Dudley Goodlette DirectorVice Chairman 0.50 0.00 X X 0 0 0 Jean-Pierre Garnier Director 0.50 0.00 X 0 0 0 Joe Paterno Director 0.50 0.00 X 0 0 0 Louis Traina Director 0.50 0.00 X 0 0 0 Stephen Wheeler Director 0.50 0.00 X 0 0 0 George Ahearn Director 0.50 0.00 X 0 0 0 Richard Klass Director 0.50 0.00 X 0 0 0 Philippe Camus Director 0.50 0.00 X 0 0 0 Tim Durham Director 0.50 0.00 X 0 0 0 Jennifer Pellechio President 40.00 0.00 X 101532 0 11602 Marshall Goodman DirectorPresCEO 40.00 0.00 X 84332 0 6821 185864 0 18423 1 true false false 477999 12696 490695 210703 50805 159898 159898 159898 4292 3899 393 393 393 650986 160291 0 0 88573 79716 8857 162836 146552 16284 10195 9175 1020 32278 29050 3228 21205 19085 2120 11278 10150 1128 14454 13009 1445 4813 4332 481 14203 12783 1420 178645 160780 17865 2700 2430 270 1762 1586 176 98187 88368 9819 9151 8236 915 Business donation to Collier 1031849 928664 103185 Professional fees 14235 12812 1423 Sponsorship expense 8869 7982 887 Participant amenities 8064 7258 806 33676 30283 3393 1746973 1572251 174722 0 14484 10000 85891 4483 1108176 3625 1226659 0 75273 10167 33902 11333 130675 0 X 6722 1089262 1095984 0 1226659 0 X -1095987 3 X false false false X 395000 519847 2458252 751575 490684 4615358 395000 519847 2458252 751575 490684 4615358 1532412 3082946 210703 210703 4826061 356266 0.63880 X Accrued Compensated Absences X false false X false false false false false false Marshall Goodman DirectorPresCEO 84332 3210 3611 91153 Fred Pezeshkan Chairman 156510 Rental of office space false Supplemental Information for Schedule L Collier County paid $152,872 in rent to Kraft Office Center LLC (Kraft) on behalf of Economic Incubators Inc (EII) during the fiscal period. EII paid rent directly to Kraft in the amount of $3,638 which is reflected in Part VIII Line 6b. Fred Pezeshkan is a Director of EIIs Board of Directors and he is also manager of Kraft. Computer equipment fixed assets 2019-06-30 12919 Book value 596000558 The BOCC of Collier County 3299 Tamiami Trail East Ste 303 Naples FL 34112 Government unit Furniture and equipment fixed assets 2019-06-30 30786 Book value 596000558 The BOCC of Collier County 3299 Tamiami Trail East Ste 303 Naples FL 34112 Government unit Leasehold improvements fixed assets 2019-06-30 966284 Book value 596000558 The BOCC of Collier County 3299 Tamiami Trail East Ste 303 Naples FL 34112 Government unit Other expenses 2019-06-30 21860 Cost 596000558 The BOCC of Collier County 3299 Tamiami Trail East Ste 303 Naples FL 34112 Government unit false false false false true false true false false false false false 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. Cessation of or significant change to any program service Part III line 3 The Organization ceased operations effective August 31, 2019. Explanation of other changes in net assets or fund balances Part XI line 9 Economic Incubators, Inc. (EII) ceased operations as of August 31, 2019. Operations of EII ceased due to the fact that the entitys main funding source, Collier County, Florida, resolved to cease funding of EII and to absorb the assets and take over the operations of the facilities previously operated by EII. All assets and liabilities were transferred to The Board of County Commissioners of Collier County totaling $1,031,849. General explanation attachment The Organization had one board member resign on 1/25/19, Steve Wheeler. Therefore, at the end of the year, they had 11 voting members. In addition to that, Marshall Goodman, President, resigned 4/30/2018 and was replaced by Jennifer Pellechio.