Civic Intelligence

Ignite Technology and Innovation Inc.

990 • Fiscal year 2020 • EIN 82-2863800

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 17, 2021

Organization Profilewww.ignitetechnology.org
2150 S CanalportChicago, IL 60608

(773) 405-8834

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

12th percentile

-54%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$16,385

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Flat

$0

Flat from 2019

Net Assets

Flat

$0

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin12th percentile

Revenue

Up

$308,638

Up $29,931 (+11%) from 2019

Expenses

Up

$475,540

Up $144,083 (+43%) from 2019

Net Income

Down

-$166,902

Down $114,152 (-216%) from 2019

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0-$500K-$1.0MAssets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $127,084Liabilities 2021: $413,335Net Assets 2021: -$286,2512021Assets 2022: $532,182Liabilities 2022: $751,007Net Assets 2022: -$218,8252022Assets 2023: -$90,718Liabilities 2023: $475,840Net Assets 2023: -$566,5582023Assets 2024: $249,692Liabilities 2024: $668,099Net Assets 2024: -$418,4072024

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $249,168Expenses 2018: $202,479Net Income 2018: $46,6892018Revenue 2019: $278,707Expenses 2019: $331,457Net Income 2019: -$52,7502019Revenue 2020: $308,638Expenses 2020: $475,540Net Income 2020: -$166,9022020Revenue 2021: $572,777Expenses 2021: $605,104Net Income 2021: -$32,3272021Revenue 2022: $502,508Expenses 2022: $193,313Net Income 2022: $309,1952022Revenue 2023: $36,448Expenses 2023: $175,765Net Income 2023: -$139,3172023Revenue 2024: $293,429Expenses 2024: $268,569Net Income 2024: $24,8602024

Highlighted filing

2020

Revenue$308,638
Expenses$475,540
Net Income-$166,902
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 17, 2021
Return Version
2020v4.1
Gross Receipts
$308,638
Mission and Program Overview

Mission

Our mission is to create equitable wealth and a shared prosperity in under-resourced communities. We develop affordable , accessible coworking spaces enriched with classes and programs. Our programs inspire, encourage, nurture and grow the untapped ideas of underrepresented entrepreneurs by providing local access to technology, resources, mentorship and strategic connections to potential partners and investors.

Our mission is to create equitable wealth and a shared prosperity in under-resourced communities. We develop affordable , accessible coffee and coworking spaces enriched with classes and programs. Our programs inspire, encourage, nurture and grow the untapped ideas of underrepresented entrepreneurs by providing local access to technology, resources, mentorship and strategic connections to potential partners and investors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nikki BravoExecutive Director and SecretaryPT$16,385$16,385
Tracy G PowellPresident and ChaimanFT$13,731$13,731
Derek StevensonBoard of DirectorsPT$6,129$6,129

Board Members and Trustees

NameTitle
Christopher PowellBoard of Directors
Darryl HowardBoard of Directors
Sandra BurkeBoard of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$40,500
Program Service Revenue
$268,138
Investment Income
$0
Other Revenue
$0
All Other Contributions
$40,500
Change in Net Assets
$-166,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,781
Salaries, Compensation, and Employee Benefits$111,759
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$64,141$4,899$0$69,040
Other Salaries and Wages$66,239$0$0$66,239
Office Expenses$42,728$0$0$42,728
Current Officers, Directors, Trustees, and Key Employees$0$36,245$0$36,245
Other Expenses$16,508$0$0$16,508
Payroll Taxes$5,995$3,280$0$9,275
Advertising$0$6,586$0$6,586
Insurance$5,590$0$0$5,590
Fees for Services Accounting$0$3,912$0$3,912
Fees for Services Legal$0$2,426$0$2,426
Travel$0$804$0$804
Total Functional Expenses$408,578$66,962$0$475,540
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ignite Technology and Innovation Inc
EIN
82-2863800
Phone
7734058834
Address
2150 S Canalport, Chicago, IL 60608

Signing Officer

Name
Nikki Bravo
Title
Officer
Phone
7734058834
Signed
2021-06-17

Organization Details

Principal Officer
Nikki Bravo
Formed
2018
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
13
Volunteers
2

Preparer

Firm
South Loop CPA LLC
Address
1006 S Michigan Ave, Chicago, IL 60605
Preparer
Gaurangkumar Patel
Phone
3128461110
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“The officers of the company are married to each other”

Pt VI, Line 11B

“The officers of the company review the tax return before submission”

Form 990, Part IX, Line 24E

“Utilities 14633. 14633. 0. 0.”

Form 990, Part IX, Line 24E

“Bank Charges & Fees 507. 0. 507. 0.”

Form 990, Part IX, Line 24E

“Repairs and Maintenance 12477. 12477. 0. 0.”

Form 990, Part IX, Line 24E

“Meals & Entertainment 1430. 0. 1430. 0.”

Form 990, Part IX, Line 24E

“Merchant Fees 1073. 1073. 0. 0.”

Form 990, Part IX, Line 24E

“Taxes & Licenses 2962. 0. 2962. 0.”

Form 990, Part IX, Line 24E

“Shipping 1476. 1476. 0. 0.”

Form 990, Part IX, Line 24E

“Program expenses 78. 78. 0. 0.”

Form 990, Part IX, Line 24E

“Design 118. 118. 0. 0.”

Form 990, Part IX, Line 24E

“Food Supplies 15568. 15568. 0. 0.”

Form 990, Part IX, Line 24E

“POS 2273. 2273. 0. 0.”

Form 990, Part IX, Line 24E

“Supplies 16093. 16093. 0. 0.”

Form 990, Part IX, Line 24E

“Uniforms 352. 352. 0. 0.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The officers of the company are married to each other
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Ignite Techology and Innovation Inc
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Momentum Coffee LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0843765963
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03238
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Coffee Shop
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt088060
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02150 S Canalport Ste 2A-11
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Chicago
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd060608
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt040500
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066962
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0408578
IRS990/TotalFunctionalExpensesGrp/TotalAmt0475540
IRS990/TotalGrossUBIAmt0105882
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0408578
IRS990/TotalProgramServiceRevenueAmt0268138
IRS990/TotalReportableCompFromOrgAmt036245
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0162256
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0308638
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0105882
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0804
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0804
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt02150 S Canalport Suite 2A-11
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060608
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.ignitetechnology.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Nikki Bravo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum07734058834
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ignite Technology and Innovation Inc
ReturnHeader/Filer/BusinessNameControlTxt0IGNI
ReturnHeader/Filer/EIN0822863800
ReturnHeader/Filer/PhoneNum07734058834
ReturnHeader/Filer/USAddress/AddressLine1Txt02150 S Canalport
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0South Loop CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01006 S Michigan Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060605
ReturnHeader/PreparerPersonGrp/PhoneNum03128461110
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gaurangkumar Patel
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-17T09:18:42-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nikki
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bravo
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$308,638
Expenses
$475,540
Net income
-$166,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$6.68$4.18$2.93$2.69$0.25
2023Detailed filing. Detailed filing data is available for this year.$0.91$4.76$5.67$0.36$1.76$1.39
2022Detailed filing. Detailed filing data is available for this year.$5.32$7.51$2.19$5.03$1.93$3.09
2021Detailed filing. Detailed filing data is available for this year.$1.27$4.13$2.86$5.73$6.05$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.09$4.76$1.67
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.79$3.31$0.53
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.49$2.02$0.47