2026-03-04T08:08:16-05:00 2024-12-31 990EZ 2024-01-01 990855558 Inception Studio INCE 6508687737 1676 Riverwalk Dr Fremont CA 94536 Michael Morris Treasurer 6508687737 2026-03-05 false 2024 2025-03-06 01:10:19Z X inceptionstudio.org X X 107406 X 106856 0 0 0 550 107406 5925 14631 20556 86850 0 0 86850 0 86850 0 86850 0 86850 Inception Studio is a nonprofit organization that supports early-stage entrepreneurs through educational retreats community-building programs and peer mentorship to foster practical experience and long-term collaboration among under-resourced founders. The organization conducted seven immersive educational retreats in 2024 designed to support early-stage entrepreneurs through structured programming peer mentorship and collaborative business development activities. A total of 88 new and unique founders participated in these retreats. Each retreat concluded with a public Demo Day event to showcase participant progress and foster broader community engagement. Approximately 1,000 individuals attended Demo Day events across the year with an estimated 500-600 unique attendees. 0 11862 11862 John Whaley President 40 0 0 0 Michael Morris Treasurer 40 0 0 0 Monisha Perkash Director 5 0 0 0 Adria Hou Director 5 0 0 0 Anand Atreya Director 2 0 0 0 false false false false false false false false false CA Michael Morris 3711 Brandy Rock Way Redwood City CA 94061 6508687737 false false false false false false false false false false false NONE NONE true X 0 0 0 0 106856 106856 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 106856 106856 56704 50152 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 550 550 107406 0 X Part II, line 10 | S.No:, Amount:, Description:| 1, $500, 2 x $250 bank referral bonuses| 2, $50, Credit card rewards| RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Part I, line 8 | Other Revenues:, Amount:| 2 x $250 bank referral bonuses, $500| Credit card rewards, $50| Part I, line 16 | Other Expenses:, Amount:| Event venue expenses, $6920.00| Event-related travel expenses, $3661.00| branded merchansise, $2769.00| Event food & beverage, $1281.00| The organization began independent operations in April 2024 after transitioning from a fiscal sponsorship arrangement. During 2024 and 2025 the organization was also in the process of applying for recognition of exemption under Section 501c3 Form 1023 which was recently approved. Due to this transition and the establishment of independent financial and compliance systems the organization did not timely file its 2024 Form 990-EZ. The organization has since reconciled its records implemented improved compliance procedures and is filing this return promptly upon identifying the oversight. The organization intends to remain fully compliant with all future filing requirements.