Civic Intelligence

Innovate-Educate

990 • Fiscal year 2022 • EIN 26-3205739

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

422 Old Santa Fe TrailSanta Fe, NM 87501

(505) 629-7071

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Net Margin

66th percentile

19%

Higher net margin than 66% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$80,303

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2022 filings • NTEE B • $500k-$1M nonprofits • Source year 2022

Asset Growth

95th percentile

180%

Faster asset growth than 95% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

73%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$222,143

Up $142,756 (+180%) from 2021

Net Assets

Up

$222,143

Up $152,490 (+219%) from 2021

Liabilities

Down

$0

Down $9,734 (-100%) from 2021

Revenue

Up

$801,950

Up $337,294 (+73%) from 2021

Expenses

Up

$649,460

Up $79,753 (+14%) from 2021

Net Income

Up

$152,490

Up $257,541 (+245%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $189,289Liabilities 2010: $42,349Net Assets 2010: $146,9402010Assets 2012: $352,921Liabilities 2012: $184,802Net Assets 2012: $168,1192012Assets 2014: $445,867Liabilities 2014: $68,223Net Assets 2014: $377,6442014Assets 2015: $1,373,829Liabilities 2015: $1,143,268Net Assets 2015: $230,5612015Assets 2016: $3,545,745Liabilities 2016: $1,720,929Net Assets 2016: $1,824,8162016Assets 2017: $1,411,646Liabilities 2017: $414,780Net Assets 2017: $996,8662017Assets 2018: $632,039Liabilities 2018: $180,877Net Assets 2018: $451,1622018Assets 2019: $100,928Liabilities 2019: $83,429Net Assets 2019: $17,4992019Assets 2020: $217,553Liabilities 2020: $42,849Net Assets 2020: $174,7042020Assets 2021: $79,387Liabilities 2021: $9,734Net Assets 2021: $69,6532021Assets 2022: $222,143Liabilities 2022: $0Net Assets 2022: $222,1432022Assets 2023: $7,704Liabilities 2023: $0Net Assets 2023: $7,7042023Assets 2024: $66,031Liabilities 2024: $41,126Net Assets 2024: $24,9052024

Highlighted filing

2022

Assets$222,143
Liabilities$0
Net Assets$222,143

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $469,9012010Expenses 2012: $2,682,0932012Revenue 2014: $2,659,124Expenses 2014: $2,719,248Net Income 2014: -$60,1242014Revenue 2015: $1,828,687Expenses 2015: $1,975,770Net Income 2015: -$147,0832015Revenue 2016: $4,589,288Expenses 2016: $2,995,033Net Income 2016: $1,594,2552016Revenue 2017: $2,881,387Expenses 2017: $3,709,336Net Income 2017: -$827,9492017Revenue 2018: $1,891,751Expenses 2018: $2,437,455Net Income 2018: -$545,7042018Revenue 2019: $897,758Expenses 2019: $1,331,421Net Income 2019: -$433,6632019Revenue 2020: $410,454Expenses 2020: $253,249Net Income 2020: $157,2052020Revenue 2021: $464,656Expenses 2021: $569,707Net Income 2021: -$105,0512021Revenue 2022: $801,950Expenses 2022: $649,460Net Income 2022: $152,4902022Revenue 2023: $255,487Expenses 2023: $373,952Net Income 2023: -$118,4652023Revenue 2024: $488,819Expenses 2024: $471,618Net Income 2024: $17,2012024

Highlighted filing

2022

Revenue$801,950
Expenses$649,460
Net Income$152,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$801,950
Mission and Program Overview

Mission

Innovate+educate is a national nonprofit working on strategies to close the u.s. Skills gap and bridge the opportunity divide by creating new pathways to employment based on validated skills. Our work includes three pillars: research, implementation and movement building.

Create multiple pathways to training and employement based on the assesment of compentencies and skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,369$147,655▲ $134,286
Pledges and Grants Receivable$44,160$68,116▲ $23,956
Prepaid Expenses and Deferred Charges$15,444$6,273▼ $9,171
Land, Buildings, and Equipment, Net$814$99▼ $715
Total Assets$79,387$222,143▲ $142,756
Other Assets Total$5,600--
Liabilities
Accounts Payable and Accrued Expenses$9,734--
Total Liabilities$9,734$0▼ $9,734
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$129,940-
Net Assets Without Donor Restrictions$69,653$92,203▲ $22,550
Total Net Assets Fund Balance$69,653$222,143▲ $152,490
Total Liabilities and Net Assets / Fund Balance$79,387$222,143▲ $142,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99$19,034$19,133
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jamai BlivinCEO/ Co-chaiFT$80,303$80,303
Tamara BatesTreasurer-$18,976$18,976
Erin MuffolettoSecretary-$8,879$8,879

Board Members and Trustees

NameTitle
Dr Brain OrmandBoard Co-CHA
Revenue and Support

Revenue Composition

Contributions and Grants
$301,371
Program Service Revenue
$500,572
Investment Income
$7
Other Revenue
$0
All Other Contributions
$253,255
Change in Net Assets
$152,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,950
Total Revenue per Audited Statements
$801,950
Total Revenue per Form 990
$801,950
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$649,460
Total Fundraising Expense$74,118
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$222,355$74,118$74,118$370,591
Office Expenses$18,116$26,921-$45,037
Occupancy$12,000--$12,000
Other Expenses$8,703--$8,703
Fees for Services Accounting-$1,805-$1,805
Depreciation Depletion-$715-$715
Total Functional Expenses$471,783$103,559$74,118$649,460

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$649,460
Total Expenses per Audited Statements$649,460
Total Expenses per Form 990$649,460
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 was reviewed by the board members prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board members review and disclose conflicts during board meetings each year.

Form 990, Page 6, Part VI, Line 15A

The chairman of the board and the ceo worked on the compensation structure of the ceo. There was a discussion with other board members, and approved by the treasurer before payments.

Form 990, Page 6, Part VI, Line 15B

The chairman of the board and the ceo worked on the compensation structure of the ceo and other employees. There was a discussion with other board members, and approved by the treasurer before payments.

Form 990, Page 6, Part VI, Line 19

The organization makes the governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Innovate Educate
EIN
26-3205739
Phone
5056297071
Address
422 OLD SANTA FE TRAIL, SANTA FE, NM 87501

Signing Officer

Name
Jamai Blivin
Title
CEO/ Co-chair
Phone
5056297071
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamai Blivin
Formed
2009
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
1
Employees
0

Preparer

Firm
Loftis & Lovato Group
Address
5501 EAGLE ROCK AVE NE SUITE C-5, ALBUQUERQUE, NM 87113
Preparer
Nick Loftis
Phone
5052935009
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants 222,355 74,118 74,118

Financial Statement Notes

Schedule D, Page 3, Part X

Innovate+educate has received tax-exempt status under code section 501(c) (3) of the internal revenue code. Innovate+educate has adopted accounting principles generally accepted in the united states of america, as they relate to uncertain tax positions and has evaluated its tax positions taken for all open tax years. Currently, the open audit periods are for the years ended december 31, 2019 and thereafter. However, innovate+educate is not currently under audit nor has innovate+educate been contacted by any of these jurisdictions. Management believes that the activities of innovate+educate are within their tax-exempt purpose, and that there are no uncertain tax positions. Therefore, no provision for the effects of uncertain income taxes has been recorded for the year ended december 31, 2022.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INNOVATE+EDUCATE HAS RECEIVED TAX-EXEMPT STATUS UNDER CODE SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. INNOVATE+EDUCATE HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, AS THEY RELATE TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED DECEMBER 31, 2019 AND THEREAFTER. HOWEVER, INNOVATE+EDUCATE IS NOT CURRENTLY UNDER AUDIT NOR HAS INNOVATE+EDUCATE BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF INNOVATE+EDUCATE ARE WITHIN THEIR TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN INCOME TAXES HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt0801950
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 WAS REVIEWED BY THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS REVIEW AND DISCLOSE CONFLICTS DURING BOARD MEETINGS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHAIRMAN OF THE BOARD AND THE CEO WORKED ON THE COMPENSATION STRUCTURE OF THE CEO. THERE WAS A DISCUSSION WITH OTHER BOARD MEMBERS, AND APPROVED BY THE TREASURER BEFORE PAYMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIRMAN OF THE BOARD AND THE CEO WORKED ON THE COMPENSATION STRUCTURE OF THE CEO AND OTHER EMPLOYEES. THERE WAS A DISCUSSION WITH OTHER BOARD MEMBERS, AND APPROVED BY THE TREASURER BEFORE PAYMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTANTS 222,355 74,118 74,118
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103559
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0471783
IRS990/TotalFunctionalExpensesGrp/TotalAmt0649460
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0471783
IRS990/TotalProgramServiceRevenueAmt0500572
IRS990/TotalReportableCompFromOrgAmt0108158
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0500572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0801950
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt079387
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SANTA FE
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IRS990/WebsiteAddressTxt0INNOVATE-EDUCATE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMAI BLIVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/ CO-CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05056297071
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATE EDUCATE
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0263205739
ReturnHeader/Filer/PhoneNum05056297071
ReturnHeader/Filer/USAddress/AddressLine1Txt0422 OLD SANTA FE TRAIL
ReturnHeader/Filer/USAddress/CityNm0SANTA FE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843463346
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOFTIS & LOVATO GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05501 EAGLE ROCK AVE NE SUITE C-5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087113
ReturnHeader/PreparerPersonGrp/PhoneNum05052935009
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICK LOFTIS
ReturnHeader/ReturnTs02023-11-15T12:48:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMAI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BLIVIN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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