The Thinkubator

EIN: 851875592 501(c)(3) Employment

Bronx, NY

Total Revenue
$1,304,275
Total Expenses
$640,823
Total Assets
$649,731
Net Assets
$663,452
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
Edward Summers
Tax Period
2020-07-01 to 2021-06-30

The Thinkubator, founded in 2020, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2020. The organization ran a surplus of $663K, a strong 51% operating margin.

Mission

The Thinkubator is a Bronx-based innovation and workforce development organization. We bring power to youth voices through internships, consultancy, work-based learning experiences, jobs, academic advising, mental health and wellness and career counseling.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,149,525
Program Service Revenue $154,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,304,275

Expense Breakdown

Grants Paid $88,131
Salaries & Benefits $386,702
Fundraising Expenses $0
Program Expenses $503,548
Other Expenses $165,990
TOTAL EXPENSES $640,823

Year-over-Year Comparison

2020 2019 Change
Revenue $1,304,275 N/A N/A
Expenses $640,823 N/A N/A
Net Income $663,452 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
19
Employees
8
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$130,000
Total Directors
19
$130,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Summers CEO 40.00
Officer Director Highest
$130,000 $0 $130,000
Monica Major Board Member 1.00
Director
$0 $0 $0
Talika Summers Board Member 1.00
Director
$0 $0 $0
Marlene Cintron Board Member 1.00
Director
$0 $0 $0
Carina Hayek Board Member 1.00
Director
$0 $0 $0
Amina Yamusah Board Member 1.00
Director
$0 $0 $0
Lynne Holden Board Member 1.00
Director
$0 $0 $0
Calvin McCoy Board Member 1.00
Director
$0 $0 $0
Terrence Turner Board Member 1.00
Director
$0 $0 $0
Naomi Okunrobo Board Member 1.00
Director
$0 $0 $0
Rachel Charlop-Powers Board Member 1.00
Director
$0 $0 $0
Lessie Branch Board Member 1.00
Director
$0 $0 $0
Jessica Johnson-Pope Chair 1.00
Director
$0 $0 $0
Jason Acosta Board Member 1.00
Director
$0 $0 $0
Jason Duchin Board Member 1.00
Director
$0 $0 $0
Brenda Rosen Board Member 1.00
Director
$0 $0 $0
Alex Margovsky Board Member 1.00
Director
$0 $0 $0
Cecil Brooks Board Member 1.00
Director
$0 $0 $0
Tim Lord Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $1,304,275 $640,823 $649,731 $663,452
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