Civic Intelligence

The Ingenuity Project Inc

990 • Fiscal year 2015 • EIN 52-1942495

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 18, 2016

1400 West Cold Spring Lane No 337Baltimore, MD 21209-4904

(410) 662-8665

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

78th percentile

18%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$60,490

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

86%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

22%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$507,965

Up $234,555 (+86%) from 2014

Net Assets

Up

$490,989

Up $248,805 (+103%) from 2014

Liabilities

Down

$16,976

Down $14,250 (-46%) from 2014

Revenue

Up

$1,362,414

Up $247,850 (+22%) from 2014

Expenses

Up

$1,113,609

Up $51,465 (+4.8%) from 2014

Net Income

Up

$248,805

Up $196,385 (+375%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $249,218Liabilities 2011: $24,462Net Assets 2011: $224,7562011Assets 2012: $248,090Liabilities 2012: $48,105Net Assets 2012: $199,9852012Assets 2013: $212,657Liabilities 2013: $22,893Net Assets 2013: $189,7642013Assets 2014: $273,410Liabilities 2014: $31,226Net Assets 2014: $242,1842014Assets 2015: $507,965Liabilities 2015: $16,976Net Assets 2015: $490,9892015Assets 2016: $497,177Liabilities 2016: $11,437Net Assets 2016: $485,7402016Assets 2017: $446,804Liabilities 2017: $24,075Net Assets 2017: $422,7292017Assets 2018: $816,033Liabilities 2018: $30,997Net Assets 2018: $785,0362018Assets 2019: $651,180Liabilities 2019: $21,559Net Assets 2019: $629,6212019Assets 2020: $1,205,621Liabilities 2020: $246,372Net Assets 2020: $959,2492020Assets 2021: $1,662,658Liabilities 2021: $250,178Net Assets 2021: $1,412,4802021Assets 2022: $1,527,634Liabilities 2022: $49,230Net Assets 2022: $1,478,4042022Assets 2023: $2,111,411Liabilities 2023: $89,126Net Assets 2023: $2,022,2852023Assets 2024: $1,285,508Liabilities 2024: $62,122Net Assets 2024: $1,223,3862024

Highlighted filing

2015

Assets$507,965
Liabilities$16,976
Net Assets$490,989

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,040,5752011Expenses 2012: $1,039,3532012Expenses 2013: $1,052,9702013Revenue 2014: $1,114,564Expenses 2014: $1,062,144Net Income 2014: $52,4202014Revenue 2015: $1,362,414Expenses 2015: $1,113,609Net Income 2015: $248,8052015Revenue 2016: $1,290,679Expenses 2016: $1,295,928Net Income 2016: -$5,2492016Revenue 2017: $1,315,866Expenses 2017: $1,378,878Net Income 2017: -$63,0122017Revenue 2018: $1,696,752Expenses 2018: $1,334,445Net Income 2018: $362,3072018Revenue 2019: $1,233,039Expenses 2019: $1,388,454Net Income 2019: -$155,4152019Revenue 2020: $1,809,069Expenses 2020: $1,479,441Net Income 2020: $329,6282020Revenue 2021: $1,946,133Expenses 2021: $1,492,902Net Income 2021: $453,2312021Revenue 2022: $1,906,278Expenses 2022: $1,840,354Net Income 2022: $65,9242022Revenue 2023: $2,444,839Expenses 2023: $1,900,958Net Income 2023: $543,8812023Revenue 2024: $1,275,902Expenses 2024: $2,074,801Net Income 2024: -$798,8992024

Highlighted filing

2015

Revenue$1,362,414
Expenses$1,113,609
Net Income$248,805
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 18, 2016
Return Version
2014v6.0
Gross Receipts
$1,385,352
Mission and Program Overview

Mission

The mission of The Ingenuity Project is to prepare highly capable and motivated Baltimore students to achieve at nationally competitive levels in mathematics, science and related fields with the expectation that Ingenuity students will graduate from high school, attend college, and ultimately be prepared to become leaders in their chosen profession.

To provide inner city children with the resources needed in math, science, and technology to achieve at nationally competitive levels.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,921$200,148▲ $134,227
Accounts Receivable$47,038$148,153▲ $101,115
Savings and Temporary Cash Investments$76,489$91,733▲ $15,244
Land, Buildings, and Equipment, Net$74,446$67,931▼ $6,515
Prepaid Expenses and Deferred Charges$9,516$0▼ $9,516
Total Assets$273,410$507,965▲ $234,555
Liabilities
Accounts Payable and Accrued Expenses$5,991$10,157▲ $4,166
Other Liabilities$25,235$6,819▼ $18,416
Total Liabilities$31,226$16,976▼ $14,250
Net Assets / Fund Balance
Unrestricted Net Assets$242,184$320,989▲ $78,805
Temporarily Rstr Net Assets-$170,000-
Total Net Assets Fund Balance$242,184$490,989▲ $248,805
Total Liabilities and Net Assets / Fund Balance$273,410$507,965▲ $234,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$65,043$86,990$152,033
Other Land Buildings$2,888$30,797$33,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisette MorrisExecutive DirectorFT$60,490$60,490

Board Members and Trustees

NameTitle
Ben YuhasPresident
Steve FarberVice President
Andrea BowdenDirector
Gary PasternackDirector
Harris EisensteinDirector
James WestDirector
Jeffrey GrayDirector
Stephanie MillerDirector
Bonnie LegroSecretary
Martin LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,238,188
Program Service Revenue
$20,370
Investment Income
$-11,380
Other Revenue
$115,236
All Other Contributions
$1,238,188
Change in Net Assets
$248,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,362,414
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,362,414
Total Revenue per Form 990
$1,362,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$881,162
Other Expenses$228,247
Total Fundraising Expense$30,836
Grants and Similar Amounts Paid$4,200
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$587,006$17,659-$604,665
Current Officers, Directors, Trustees, and Key Employees$100,110$25,028-$125,138
Other Employee Benefits$71,152$4,541-$75,693
Payroll Taxes$61,350$3,916-$65,266
Fees for Services Other$63,144--$63,144
Office Expenses$11,883$12,411$30,836$55,130
Depreciation Depletion$24,678--$24,678
Fees for Services Accounting-$22,185-$22,185
Conferences and Meetings$12,171--$12,171
Pension Plan Contributions$9,776$624-$10,400
Insurance-$6,690-$6,690
Information Technology$5,026--$5,026
Grants to Domestic Individuals$4,200--$4,200
Travel$2,876--$2,876
Other Expenses$8,533$2,683-$2,683
Total Functional Expenses$978,036$104,737$30,836$1,113,609

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,113,609
Total Expenses per Audited Statements$1,113,609
Total Expenses per Form 990$1,113,609
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$19,400
Fundraising Direct Expenses$11,314
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Silent Auction$19,400$19,400$11,314$8,086
Total Events$19,400$19,400$11,314$8,086
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$6,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Any changes to the organization's by-laws and the nomination of board members must be approved by the members.

Form 990, Part VI, Section B, Line 11

The ingenuity project works to ensure the highest standards in review of its form 990. The executive director and business manager review a copy of final form 990, which is completed by stegman & company, certified public accountants.

Form 990, Part VI, Section B, Line 12

Organization is in the process of developing conflict of interest policy and records retention and destruction policy.

Form 990, Part VI, Section B, Line 15

Compensation has been determined by the board of directors based on merit and organization's budget.

Form 990, Part VI, Section C, Line 19

The ingenuity project makes its form 990, governing documents and financial statements available upon request for inspection at the organization's headquarters.

Filing and Contact Details

Filer

Filer Name
The Ingenuity Project Inc
EIN
52-1942495
Phone
4106628665
Address
1400 WEST COLD SPRING LANE NO 337, BALTIMORE, MD 21209-4904

Signing Officer

Name
Lisette Morris
Title
Executive Director
Phone
4106628665
Signed
2016-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisette Morris
Formed
1995
Legal Domicile
Md
Voting Board Members
10
Independent Board Members
10
Employees
49
Volunteers
0

Preparer

Firm
Stegman & Company
Address
809 GLEN EAGLES COURT SUITE 200, BALTIMORE, MD 21286
Preparer
Christopher J Wehner CPA
Phone
4108238000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Form 990, part xii, line 2c: the board of directors assumes responsibility for the oversight of the audit and the selection of the independent accountant. There was no change in the oversight or selection process in the current year.

Financial Statement Notes

PART X, LINE 2:

Management of the project considers the likelihood of changes, including changes to the project's status as a not-for-profit entity, by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur. Management believes that the project met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax. Therefore, no provision for income taxes has been provided in these financial statements. The project's income tax return for the past three years are subject to examination by tax authorities and may change upon examination.

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IRS990/Desc0THE INGENUITY PROJECT USES ADVANCED CURRICULUM IN MATHEMATICS AND SCIENCE DEVELOPED BY MASTER TEACHERS. SPECIFIC OBJECTIVES INCLUDE:- CONDUCT CLASSES IN ENHANCED MATHEMATICS AND SCIENCE EDUCATION IN CONJUNCTION WITH BASIC SKILL BUILDING;- INCORPORATE APPLIED LEARNING ACTIVITIES, SCIENCE RESEARCH, AND EXTENSIVE USE OF TECHNOLOGY;- DESIGN CLASSROOMS CAPABLE OF SUPPORTING STUDENT RESEARCH AND PARTICIPATION IN NATIONAL COMPETITIONS;- DEVELOP COMPREHENSIVE AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAMS FOR INGENUITY STUDENTS;- PROVIDE A LEARNING ENVIRONMENT CAPABLE OF RESPONDING TO THE HETEROGENEOUS STRENGTHS OF EACH CLASS AND INDIVIDUAL;- DEVELOP PARTNERSHIPS WITH MENTORS AT UNIVERSITIES, MEDICAL INSTITUTIONS AND BIOTECHNOLOGY RESEARCH CENTERS TO PROVIDE STUDENTS ACCESS TO PROFESSIONAL INTERNSHIPS.
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IRS990/MissionDesc0THE MISSION OF THE INGENUITY PROJECT IS TO PREPARE HIGHLY CAPABLE AND MOTIVATED BALTIMORE STUDENTS TO ACHIEVE AT NATIONALLY COMPETITIVE LEVELS IN MATHEMATICS, SCIENCE, RESEARCH AND RELATED FIELDS WITH THE EXPECTATION THAT INGENUITY STUDENTS WILL GRADUATE FROM HIGH SCHOOL, ATTEND COLLEGE, AND ULTIMATELY BE PREPARED TO BECOME LEADERS IN THEIR CHOSEN PROFESSION.
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-11624
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt08086
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt08086
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt030836
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012411
IRS990/OfficeExpensesGrp/ProgramServicesAmt011883
IRS990/OfficeExpensesGrp/TotalAmt055130
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04541
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071152
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075693
IRS990/OtherExpensesGrp/Desc0RECRUITMENT/TESTING
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12683
IRS990/OtherExpensesGrp/ProgramServicesAmt016131
IRS990/OtherExpensesGrp/ProgramServicesAmt18533
IRS990/OtherExpensesGrp/TotalAmt016131
IRS990/OtherExpensesGrp/TotalAmt19000
IRS990/OtherExpensesGrp/TotalAmt28533
IRS990/OtherExpensesGrp/TotalAmt32683
IRS990/OtherLiabilitiesGrp/BOYAmt025235
IRS990/OtherLiabilitiesGrp/EOYAmt06819
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0107150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0107150
IRS990/OtherRevenueTotalAmt0107150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017659
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0587006
IRS990/OtherSalariesAndWagesGrp/TotalAmt0604665
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03916
IRS990/PayrollTaxesGrp/ProgramServicesAmt061350
IRS990/PayrollTaxesGrp/TotalAmt065266
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0624
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09776
IRS990/PensionPlanContributionsGrp/TotalAmt010400
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09516
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LISETTE MORRIS
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0CAMP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020370
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020370
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0956500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03675
IRS990/PYInvestmentIncomeAmt0339
IRS990/PYOtherExpensesAmt0235638
IRS990/PYOtherRevenueAmt0142040
IRS990/PYProgramServiceRevenueAmt015685
IRS990/PYRevenuesLessExpensesAmt052420
IRS990/PYSalariesCompEmpBnftPaidAmt0822831
IRS990/PYTotalExpensesAmt01062144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01114564
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0248805
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0115896
IRS990/SavingsAndTempCashInvstGrp/BOYAmt076489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt091733
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S SUPPORTED ORGANIZATION ELECTED BOARD OF DIRECTORS AND RELATED COMMITTEES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION PROVIDES EDUCATIONAL ALTERNATIVES TO BALTIMORE CITY PUBLIC SCHOOL STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION D LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION E LINE 1C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0522064235
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0368000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BALTIMORE CITY PUBLIC SCHOOLS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0368000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt065043
IRS990ScheduleD/EquipmentGrp/DepreciationAmt086990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152033
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01113609
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02888
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030797
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01362414
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE PROJECT CONSIDERS THE LIKELIHOOD OF CHANGES, INCLUDING CHANGES TO THE PROJECT'S STATUS AS A NOT-FOR-PROFIT ENTITY, BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR. MANAGEMENT BELIEVES THAT THE PROJECT MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE PROJECT'S INCOME TAX RETURN FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND MAY CHANGE UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067931
IRS990ScheduleD/TotalExpensesPerForm990Amt01113609
IRS990ScheduleD/TotalLiabilityAmt06819
IRS990ScheduleD/TotalRevenuePerForm990Amt01362414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01362414
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01113609
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING SERVICES
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0370188
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0345988
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0KAREN M FOOTNER LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt024200
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0335 HOMELAND SOUTHWAY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0BALTIMORE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd021212
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011314
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt019400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt019400
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08086
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011314
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011314
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0370188
IRS990ScheduleG/TotalNetToOrganizationAmt0345988
IRS990ScheduleG/TotalRetainedByContractorsAmt024200
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY CHANGES TO THE ORGANIZATION'S BY-LAWS AND THE NOMINATION OF BOARD MEMBERS MUST BE APPROVED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INGENUITY PROJECT WORKS TO ENSURE THE HIGHEST STANDARDS IN REVIEW OF ITS FORM 990. THE EXECUTIVE DIRECTOR AND BUSINESS MANAGER REVIEW A COPY OF FINAL FORM 990, WHICH IS COMPLETED BY STEGMAN & COMPANY, CERTIFIED PUBLIC ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION IS IN THE PROCESS OF DEVELOPING CONFLICT OF INTEREST POLICY AND RECORDS RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION HAS BEEN DETERMINED BY THE BOARD OF DIRECTORS BASED ON MERIT AND ORGANIZATION'S BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INGENUITY PROJECT MAKES ITS FORM 990, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR INSPECTION AT THE ORGANIZATION'S HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.22$1.28$2.07$0.80
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.09$2.02$2.44$1.90$0.54
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.05$1.48$1.91$1.84$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.25$1.41$1.95$1.49$0.45
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.25$0.96$1.81$1.48$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.63$1.23$1.39$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.03$0.79$1.70$1.33$0.36
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.02$0.42$1.32$1.38$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$1.29$1.30$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$1.36$1.11$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.03$0.24$1.11$1.06$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.02$0.19$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.05$0.20$1.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.02$0.22$1.04