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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 99-0855558

INCEPTION STUDIO

Tax-exempt · FREMONT, CA 94536

Financials

$107K$21K2024
Revenue Expenses · by fiscal year end
Financials of INCEPTION STUDIO by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$107,406$20,556$86,850$86,850–$86,850
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$106,856
Other revenue
$550

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$5,925
Other expenses
$14,631
Program services (functional)
$11,862

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$86,850
Total liabilities, end of year
–
Net assets, end of year
$86,850
Cash, savings and investments
$86,850
Gross receipts
$107,406

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
John WhaleyPresident40$0
Michael MorrisTreasurer40$0
Monisha PerkashDirector5$0
Adria HouDirector5$0
Anand AtreyaDirector2$0

Address and contacts

Address (IRS master file)
1676 RIVERWALK DR, FREMONT, CA 94536-3904
Mailing address (990-N for 2023)
1676 Riverwalk Dr, Fremont CA 94536
Principal officer (990-N for 2023)
Michael Morris, 3711 Brandy Rock Way, Redwood City CA 94061
Signed the 990-EZ
Michael Morris, Treasurer

California records

California keeps its own records of charities and corporations. Search them by EIN 99-0855558 or by the name INCEPTION STUDIO.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

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.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $11,862

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

File the 2025 990-EZ for INCEPTION STUDIO

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
99-0855558
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2026
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$86,850
Income (IRS master file)
$107,406

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$107,406$20,556$86,850XML
990-N for 2023
Officer: Michael Morris
December 31, 2023≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-0855558).

Questions about INCEPTION STUDIO

What is the EIN of INCEPTION STUDIO?
The employer identification number (EIN) of INCEPTION STUDIO is 99-0855558.
Is INCEPTION STUDIO tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2026.
Are donations to INCEPTION STUDIO tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INCEPTION STUDIO file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INCEPTION STUDIO due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INCEPTION STUDIO last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of INCEPTION STUDIO?
The 990-N for 2023 names Michael Morris.
Who are the officers and directors of INCEPTION STUDIO?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does INCEPTION STUDIO have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $107,406, expenses of $20,556 and total assets of $86,850 at year end.

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