2018-08-14T09:07:27-04:00 2016-09-30 260254161 Tuscan & Company PA 12621 World Plaza Ln Bldg 55 Fort Myers FL 33907 990 2015-10-01 471997241 Economic Incubators Inc ECON 3510 Kraft Road Naples FL 34105 Marshall Goodman Chief Operating 2392495911 2018-08-13 true Jeffrey M Tuscan CPA P00184439 2393332090 2018-08-13 2015 2018-06-14 16:35:46Z X 611219 false X http://economicincubators.com/ X 2014 FL Organization is designed to assist the growth of local businesses and the attraction of investment from outside companies. 13 12 5 21 0 0 395000 519847 52000 0 0 43000 20487 490000 540334 0 0 199232 296076 0 0 518762 181894 717994 477970 -227994 62364 509732 481441 302099 379343 207633 102098 Organization is designed to assist the growth of local businesses and the attraction of investment from outside companies. false false 438004 91372 Establishment of local incubator for the job creation of individuals and businesses in the Collier County area. 438004 true true false false false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false false false true false false false false false false false false false true 2 0 5 true false false false false false false false false false false false false false false false X 13 12 false false true false false false false true true false false true false false false false false false false FL X The Organization 2392495911 3510 Kraft Road Suite 200 Naples FL 34105 Dolph Von Arx DirectorChairman 5.00 0.00 X X 0 0 0 Fred Pezeshkan DirectorVice Chairman 5.00 0.00 X X 0 0 0 Richard Grant DirectorSecretary 2.00 0.00 X X 0 0 0 Dudley Goodlette DirectorTreasurer 2.00 0.00 X X 0 0 0 Jean-Pierre Garnier Director 2.00 0.00 X 0 0 0 George Ahearn Director 2.00 0.00 X 0 0 0 Stephen Wheeler Director 2.00 0.00 X 0 0 0 Louis Trania Director 2.00 0.00 X 0 0 0 Carolyn Rambosk Director 2.00 0.00 X 0 0 0 Joe Paterno Director 5.00 0.00 X 0 0 0 Marshall Goodman DirectorPresCEO 40.00 0.00 X X 146804 0 14283 Garrett Richter Director 2.00 0.00 X 0 0 0 Tom Grady Director 2.00 0.00 X 0 0 0 146804 0 14283 1 false true false 489647 30200 519847 85484 70885 14599 14599 14599 RefundsAllowances 525100 5886 5886 Miscellaneous Income 900099 2 2 5888 540334 20487 0 0 158157 142341 15816 102230 92007 10223 15372 13835 1537 20317 18285 2032 23331 20998 2333 7882 7094 788 1838 1654 184 5735 5162 573 4498 4048 450 7396 6656 740 2643 2379 264 Bad Debts 15853 15853 State Tasks 67235 67235 Food and coffee 8956 8060 896 Repairs and Maintenance 17448 15703 1745 19079 16694 2385 477970 438004 39966 0 110369 358518 102554 59112 20369 340251 509732 481441 277099 46396 314947 25000 18000 302099 379343 X 207633 102098 207633 102098 509732 481441 X 62364 -167899 X false true X true false X 395000 519847 914847 395000 519847 914847 1703 913144 914847 115487 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 611219 70885 70885 540334 540334 548855 70885 70885 477970 477970 Other revenues not included on Form 990 (Part XI, line 2d) Rental promotions of $70,885 are included in expenses on the audited statements but are included net of rental income on Form 990. Other expenses not included on Form 990 (Part XII, line 2d) Rental promotions of $70,885 are included in expenses on the audited statements but are included net of rental income on Form 990. Footnote for uncertain tax position under FIN 48 (Part X) The Organization is exempt from Federal Income Taxes under IRC Section 501(c)(3). The Organization is not classified as a private foundation within the meaning of Section 509(a) of the Internal Revenue Code. Management believes the Organization met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax. The Organizations income tax returns for the past three years are open and subject to examination by tax authorities, and may change upon examination. The Organization 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. X false false X false false false false false false false false false Marshall Goodman DirectorPresCEO 141861 4943 14283 161087 Fred Pezeshkan Vice Chairman 118511 Rental of office space false Supplemental Information for Schedule L Economic Incubators (EII) paid $118,511 in rent to Kraft Office Center LLC (Kraft) during the fiscal period. Fred Pezeshkan is Vice Chairman of EIIs Board of Directors and he is also manager of Kraft.There is no rent expense on the audited statements or the 990 because Collier County paid the rent directly to Kraft on EIIs behalf. Amended return infomation See attached PDF. Organizational document changes Part VI line 4 The Board voted to amend the bylaws to include additional individuals on the board, not to exceed 15 total. 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 Chief Operating Officer reviews and approves the Form 990 for submission to the IRS. 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. Explanation of other changes in net assets or fund balances Part XI line 9 The prior year financial statements were unaudited. In 2016, the Organization engaged Tuscan & Co, PA to prepare audited financial statements. The audit required adjustments to the beginning net assets in order to comply with generally accepted accounting principles. General explanation attachment Fixed assets on 2014 Form 990 were removed because the Organization discovered that, per the grant documents, Collier County retains the ownership of said fixed assets.