2024-09-19T12:32:11-04:00 2024-06-30 841894608 SANDERS WALSH & EATON CPAS LLC PO BOX 670 SANDWICH MA 02563 990 2023-07-01 882523319 SALT LICK INCUBATOR INC SALT 7045026857 73 SOMERSET STREET BELMONT MA 02478 ROGER H BROWN JR CHAIRMAN 7045026857 2024-08-19 true JOSEPH F MCGEE CPA P01584870 7743385444 2024-09-09 2023 2024-08-08 14:25:15Z ROGER H BROWN JR 73 SOMERSET STREET BELMONT MA 02478 2391398 false X WWW.SALTLICKINCUBATOR.ORG X 2022 MA SALT LICK INCUBATOR SUPPORTS EMERGING MUSICIANS WITH GRANTS, COLLABORATIVE OPPORTUNITIES, STRATEGY, COMMUNICATION, MARKETING SUPPORT, AND DATA ANALYTICS, KNIT TOGETHER BY AN OVERARCHING FOCUS ON WELLNESS. WE ASSEMBLE A SUPPORTIVE COMMUNITY OF ARTISTS OPERATING WITHIN AN EXPLOITATION FREE ECOSYSTEM OF PARTNERS WHO HELP DEVELOPING ARTISTS DISCOVER PATHWAYS TO SUSTAINABLE CAREERS. WE WILL ASPIRE TO KEEP THE PRIMARY FOCUS ON THE PROFOUNDLY BEAUTIFUL ACT OF CREATING MUSIC. 4 4 9 0 1776356 2347367 0 22307 41422 1159 2609 1799822 2391398 117795 184668 0 228735 291084 0 0 492489 503200 839019 978952 960803 1412446 1273273 2678318 14123 8567 1259150 2669751 X SALT LICK INCUBATOR SUPPORTS EMERGING MUSICIANS WITH GRANTS, COLLABORATIVE OPPORTUNITIES, STRATEGY, COMMUNICATION, MARKETING SUPPORT, AND DATA ANALYTICS, KNIT TOGETHER BY AN OVERARCHING FOCUS ON WELLNESS. WE ASSEMBLE A SUPPORTIVE COMMUNITY OF ARTISTS OPERATING WITHIN AN EXPLOITATION FREE ECOSYSTEM OF PARTNERS WHO HELP DEVELOPING ARTISTS DISCOVER PATHWAYS TO SUSTAINABLE CAREERS. WE WILL ASPIRE TO KEEP THE PRIMARY FOCUS ON THE PROFOUNDLY BEAUTIFUL ACT OF CREATING MUSIC. false false 860181 184668 SUPPORTED EMERGING MUSICIANS THROUGH THE USE OF GRANTS, COLLABORATIVE OPPORTUNITIES, STRATEGY, COMMUNICATION, MARKETING SUPPORT, AND DATA ANALYTICS. 860181 true true false false false false false false false false true true false false false false true false false false false false false false false false false false true false false false false false false false false false true false false false false false false false false true 20 0 true 9 true false false false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true true true false MA X X THE ORGANIZATION 7045026857 73 SOMERSET STREET BELMONT MA 02478 LIZA LEVY PRESIDENT 40.00 X 121668 0 8463 MICHAEL EISENSON TREASURER 1.00 X X 0 0 0 ROGER H BROWN JR CHAIRMAN 16.00 X X 0 0 0 LINDA MASON SECRETARY 1.00 X X 0 0 0 LAWRENCE J SIMPSON DIRECTOR 1.00 X 0 0 0 121668 8463 1 false false false 2347367 75244 2347367 41422 41422 OTHER 900099 2609 2609 2609 2391398 2609 41422 184668 184668 260339 195254 65085 10132 7599 2533 20613 15460 5153 4000 3200 800 52630 42530 10100 113682 106253 7429 4976 4976 42843 42843 149 149 10318 10318 CONTENT PRODUCTION 240566 240566 DUES AND SUBSCRIPTIONS 23954 5583 18371 MISCELLANEOUS 4324 4324 FEES AND LICENSES 2450 2450 3308 3308 978952 860181 118771 0 275281 145799 450000 300000 4708 4486 371 222 547621 2232297 1273273 2678318 6583 8567 7540 14123 8567 X 809150 2369751 450000 300000 1259150 2669751 1273273 2678318 1412446 -1845 X false true X true false X 300000 1776356 2347367 4423723 2609 2609 300000 1776356 2349976 4426332 4426332 41422 41422 41422 41422 300000 1776356 2391398 4467754 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4708 4486 222 222 CERTIFICATES OF DEPOSIT 1611776 F MONEY MARKET FUNDS 620521 F 2232297 2389553 -1845 -1845 2391398 2391398 978952 978952 978952 false ARTIST PROJECT ASSISTANCE 19 184668 SCHEDULE I, PAGE 1, PART I, LINE 2 OUR GRANT MAKING PROCESS IS OVERSEEN BY OUR BOARD OF DIRECTORS. AWARDEE SELECTION IS GUIDED BY OUR ARTIST ADVISORY BOARD AND PRESIDENT'S LEADERSHIP COUNCIL. ELIGIBILITY REQUIREMENTS WERE FORMULATED WITH ADVICE FROM OUTSIDE LEGAL COUNCIL. ELIGIBILITY REQUIREMENTS WERE FORMULATED WITH ADVICE FROM OUTSIDE LEGAL COUNCIL AND ARE STATED ON OUR WEBSITE AND APPLICATION PLATFORM. APPLICATIONS ARE SUBMITTED ONLINE VIA SUBMITTABLE.ORG. APPLICATIONS ARE REVIEWED VIRTUALLY IN THREE ROUNDS: TWO INTERNAL (STAFF) AND ONE EXTERNAL (ADVISORS AND COUNCIL). DOCUMENTS TRACKING RATINGS AND REVIEWS ARE RETAINED FOR 10 YEARS. FINANCIAL RECORDS ARE RETAINED PERMANENTLY. X 395 75244 FAIR MARKET VALUE false false false FORM 990 - ORGANIZATION'S MISSION SALT LICK INCUBATOR SUPPORTS EMERGING MUSICIANS WITH GRANTS, COLLABORATIVE OPPORTUNITIES, STRATEGY, COMMUNICATION, MARKETING SUPPORT, AND DATA ANALYTICS, KNIT TOGETHER BY AN OVERARCHING FOCUS ON WELLNESS. WE ASSEMBLE A SUPPORTIVE COMMUNITY OF ARTISTS OPERATING WITHIN AN EXPLOITATION FREE ECOSYSTEM OF PARTNERS WHO HELP DEVELOPING ARTISTS DISCOVER PATHWAYS TO SUSTAINABLE CAREERS. WE WILL ASPIRE TO KEEP THE PRIMARY FOCUS ON THE PROFOUNDLY BEAUTIFUL ACT OF CREATING MUSIC. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM ANNUALLY. THE POLICY INDICATES BOARD MEMBERS MUST ALERT THE PRESIDENT SHOULD CONFLICTS ARISE IN BETWEEN FILINGS. THE FORMS ARE REVIEWED BY EXECUTIVE LEADERSHIP AND MONITORED FOR ANY CONFLICTS. PER THE POLICY: IF THE BOARD OF EXECUTIVE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS COMPENSATION IN EXECUTIVE SESSION EACH YEAR USING COMPARABLE POSITION COMPENSATION LEVELS AND PERFORMANCE OF THE LEADERSHIP TO INSURE REASONABLENESS AND FAIRNESS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS REVIEWS COMPENSATION IN EXECUTIVE SESSION EACH YEAR USING COMPARABLE POSITION COMPENSATION LEVELS AND PERFORMANCE OF THE LEADERSHIP TO INSURE REASONABLENESS AND FAIRNESS. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST.