EIN 90-0128899

Economic Growth Business Incubator

IRS 501(c) type
501(c)(3)
Num. employees
10
City
State
Year formed
2004
Most recent tax filings
2023-12-01
Description
Economic Growth Business Incubator provides training, coaching, and support to aspiring and existing business owners who face barriers to growing a successful business. Its programs provide an incubation setting for individuals looking to start or grow their businesses and bookkeeping services to educate clients on their business' financial position. The organization is located in Austin, TX.
Total revenues
$551,796
2023
Total expenses
$468,353
2023
Total assets
$464,666
2023
Num. employees
10
2023

Program areas at Economic Growth Business Incubator

Training - egbi provides education and training in entrepreneurship and financial literacy.
Back office services - egbi provides bookkeeping services to help educate clients on their businesss financial position.
Incubator - egbi provides an incubation setting to individuals who are starting or growing their businesses.

Who funds Economic Growth Business Incubator

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Blackbaud Giving FundGeneral Support$30,000
Sooch FoundationTo Support Organization's Purpose$25,000
Texas Capital FoundationTexas Capital Bank Foundation Grant Supports Aspiring and Existing Business Owners To Start Or Grow A Business. Egbi's Program Supports Clients To Set Up and Manage Their Business Finances; Produce and Interpret Timely and Accurate Financial Reports; and Access Business Financing Using Paper A Spreadsheet Or Using Accounting Software Such As Wave Or Quickbooks Online. in Addition Clients Can Contract With Egbi To Be Their First Monthly Bookkeeper Using Quickbooks Online Or To Fix Accounting Problems.$20,000
...and 3 more grants received

Personnel at Economic Growth Business Incubator

NameTitleCompensation
Larissa DavilaExecutive Director$57,821
Joni FosterPast Interim Executive Director
Michael CummingsSecretary$0
Manny CamposTreasurer$0
Elsa ReyesChair$0
...and 1 more key personnel

Financials for Economic Growth Business Incubator

RevenuesFYE 12/2023
Total grants, contributions, etc.$336,118
Program services$192,109
Investment income and dividends$1,921
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,675
Net gain from sale of non-inventory assets$0
Net income from fundraising events$18,973
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,000
Total revenues$551,796

Form 990s for Economic Growth Business Incubator

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-08990View PDF
2022-122023-07-26990View PDF
2021-122022-08-02990View PDF
2020-122021-09-03990View PDF
2019-122021-10-25990View PDF
...and 9 more Form 990s
Data update history
August 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 25, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $20,000 from Texas Capital Foundation
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $25,000 from Sooch Foundation
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsEthnic centersCharities
Issues
EducationHuman servicesCommunity improvementEconomic development
Characteristics
Fundraising eventsState / local levelTax deductible donations
General information
Address
1144 Airport Blvd
Austin, TX 78702
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Phone
(512) 928-2594
IRS details
EIN
90-0128899
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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