Southern Windsor County Incubator Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SOUTHERN WINDSOR COUNTY INCUBATOR DBA BLACK RIVER INNOVATION CAMPUSACTIVATES THRIVING COMMUNITIES THROUGH STEAM EDUCATION, STARTUPINCUBATION AND ACCELERATION, AND COLLABORATIVE INITIATIVES.
- Income
- $1.1 million
- Spending
- $1.1 million
- Spent on programs
- 94%
- Reserves
- 5.1 months of spending
- Largest source of income
- donations and private grants, 57%
- Employees
- 5
- Volunteers
- 8
- Highest pay
- $161,135, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 67% of charities in its peer group (community improvement, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 5.1 months of spending.
Debt
20 of 20It owes 13% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
15 of 15Income rose 12% on the year before.
Spending floor
15 of 1594% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 36% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $17,994 spent. ACTUATOR ENTREPRENEURSHIP PROGRAM - IN 2025, WE HOSTED THREE COHORTS OF COMPANIES IN THE IDEATION AND VALIDATION STAGES OF GROWTH. THESE 24 COMPANIES REPRESENTED FOUNDERS FROM COMMUNITIES THROUGHOUT VERMONT AND INCLUDED STARTUPS FROM BOSTON AND NEW YORK CITY THAT WERE CONSIDERING RELOCATION TO VERMONT. IN 2025, BRIC STARTED CONVERSATIONS WITH TWO COMPANIES AS THEY WORKED TO RELOCATE TO SPRINGFIELD, VT TO GROW THEIR COMPANIES.
- $111,460 spent. STEAM EDUCATION PROGRAMS - IN PRIOR YEAR, BRIC HIRED ITS FIRST FULL TIME DIRECTOR OF STEAM PROGRAMS, WHO WAS INTEGRAL IN LAUNCHING FIVE WEEKS OF STEAM SUMMER CAMPS AND MULTIPLE LEGO ROBOTICS CLUBS, AND A COMPUTER SCIENCE EDUCATION PILOT THAT LEVERAGES VIDEO GAME DEVELOPMENT AND DESIGN THINKING TO ENGAGE STUDENTS IN STEAM ACTIVITIES, WHICH CONTINUED IN THE CURRENT YEAR. AS THE ORGANIZATION MOVES INTO 2026, IT IS EXPANDING PROGRAMS TO INCLUDE 20 SUMMER CAMPS, DRONE AND VIRTUAL REALITY EDUCATION, AND EMERGING TECHNOLOGY PROFESSIONAL DEVELOPMENT FOR EDUCATORS AND COMPANIES.
- $503,824 spent. TECH-BASED ECONOMIC DEVELOPMENT - IN 2025, BRIC CONTINUED IN A STATEWIDE CONSORTIUM OF INNOVATION HUBS AND COWORKING SPACES LED BY THE UNIVERSITY OF VERMONT LEAHY INSTITUTE FOR RURAL PARTNERSHIPS. THE ORGANIZATION ALSO CONTINUED WITH A $7 MILLION RENOVATION PROJECT AT ITS PARK STREET SCHOOL HEADQUARTERS. DESIGNED TO BE THE FIRST PHASE OF THE TBED INNOVATION HUB, THIS WORK WILL PROVIDE CRITICAL INFRASTRUCTURE FOR FUTURE TBED ACTIVITIES.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2011 for not filing returns for three years, and reinstated on July 15, 2017.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.