Cleveland-Bradley Business Incubator
Public records show a registered, tax-exempt organization in good standing.
What it says it does
BUSINESS INCUBATOR
- Income
- $180,763
- Spending
- $176,641
- Spent on programs
- 56%
- Reserves
- 13.9 months of spending
- Largest source of income
- fees for its services, 99%
- Employees
- 1
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 83 out of 100. Higher than 65% of charities in its peer group (community improvement, under $250k).
Reserves
35 of 35Spendable reserves would cover 13.9 months of spending.
Debt
10 of 20It owes 37% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 7% on the year before.
Spending floor
8 of 1557% of spending went to programs.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 50 out of 100. Higher than 19% of charities in its peer group (community improvement, under $250k).
Independent board
25 of 2512 of 13 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no 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.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 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)
- $45,047 spent. MISC SUPPLIES FOR LETTERS, MEMOS AND COPYING SERVICE INCUBATOR PROVIDES COPYING, FAX, AND OTHER SERVICES THAT START UP BUSINESS MAY NOT POSSESS.CONDUCT MEETINGS.ADVERTISE FOR TENANTS
- $41,077 spent. PROVIDE BUILDING MAINTENANCE AND REPAIRS FOR TENANTS. IN ORDER TO KEEP COSTS DOWN FOR TENANTS WE PROVIDE BUILDING MTC,LANDSCAPING AND CLEANING.
- $13,744 spent. COLLECT AND BILL FOR TELEPHONE SERVICES, INTERNET ACCESS, FAX LINES,UTILITIES,LONG DISTANCE, EQUIPMENT REPAIR AND EXPENSE. AT BELOW MARKET RATES FOR 45 TENANTS
Source: Form 990 for the year ending June 30, 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 September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.