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EIN 63-1045752

Shoals Business Incubator

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Florence
State
Alabama
Year formed
1989
Most recent tax filings
2022-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Shoals Business Incubator offers facilities and support to new development stage small businesses during their start-up period. It provides administrative, management, financial, and technical assistance to serve as an incubator for these businesses.
Also known as...
Shoals Entrepreneurial Center
Total revenues
$375,969
2022
Total expenses
$431,071
2022
Total assets
$1,114,188
2022
Num. employees
2
2022

Program areas at Shoals Business Incubator

Provididng new development stage small Business facilities to serve as an Incubator for the Business providing administrative, management, financail and technical support.

Personnel at Shoals Business Incubator

NameTitleCompensation
Giles McDanielExecutive Director$120,060
Suanne SockwellOperations Manager
Jan IngleBoard Member$0
David MuhlendorfTreasurer$0
Rebecca HovaterChair$0
...and 1 more key personnel

Financials for Shoals Business Incubator

RevenuesFYE 12/2022
Total grants, contributions, etc.$105,000
Program services$324,852
Investment income and dividends$23,065
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-76,948
Total revenues$375,969

Form 990s for Shoals Business Incubator

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-08-20990View PDF
2019-122022-02-09990View PDF
2018-122019-09-12990View PDF
...and 9 more Form 990s
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 2 new personnel
November 23, 2023
Updated personnel
Identified 1 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyEconomic developmentBusiness and industry
Characteristics
Conducts researchManagement and technical assistanceTax deductible donations
General information
Address
3115 Northington CT
Florence, AL 35630
Metro area
Florence-Muscle Shoals, AL
County
Lauderdale County, AL
Website URL
shoalsbusinessincubator.com/ 
IRS details
EIN
63-1045752
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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