Civic Intelligence

Innovation Works Inc.

990 • Fiscal year 2019 • EIN 82-3417166

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

Organization ProfileN/A
1400 Greenmount Ave Ste B01Baltimore, MD 21202

(410) 371-4722

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

85th percentile

51%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

86%

Faster revenue growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$315,919

Up $106,825 (+51%) from 2018

Net Assets

Up

$315,919

Up $106,825 (+51%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin78th percentile

Revenue

Up

$486,833

Up $224,957 (+86%) from 2018

Expenses

Up

$380,008

Up $327,226 (+620%) from 2018

Net Income

Down

$106,825

Down $102,269 (-49%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $209,094Liabilities 2018: $0Net Assets 2018: $209,0942018Assets 2019: $315,919Liabilities 2019: $0Net Assets 2019: $315,9192019Assets 2020: $666,946Liabilities 2020: $23,145Net Assets 2020: $643,8012020Assets 2021: $838,851Liabilities 2021: $77,012Net Assets 2021: $761,8392021Assets 2022: $1,246,839Liabilities 2022: $94,409Net Assets 2022: $1,152,4302022Assets 2023: $1,335,001Liabilities 2023: $37,884Net Assets 2023: $1,297,1172023Assets 2024: $1,342,855Liabilities 2024: $38,860Net Assets 2024: $1,303,9952024

Highlighted filing

2019

Assets$315,919
Liabilities$0
Net Assets$315,919
Open 2019 Filing

Operations Trend

Revenue Growth91st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $261,876Expenses 2018: $52,782Net Income 2018: $209,0942018Revenue 2019: $486,833Expenses 2019: $380,008Net Income 2019: $106,8252019Revenue 2020: $847,250Expenses 2020: $519,368Net Income 2020: $327,8822020Revenue 2021: $867,783Expenses 2021: $989,446Net Income 2021: -$121,6632021Revenue 2022: $1,241,077Expenses 2022: $965,386Net Income 2022: $275,6912022Revenue 2023: $1,417,211Expenses 2023: $1,280,042Net Income 2023: $137,1692023Revenue 2024: $1,432,816Expenses 2024: $1,425,938Net Income 2024: $6,8782024

Highlighted filing

2019

Revenue$486,833
Expenses$380,008
Net Income$106,825
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$486,833
Mission and Program Overview

Mission

The corporation will develop sustainable neighborhood economies in depressed areas by: igniting interest in sustainable social enterprise, helping individuals transform challenges into opportunities, creating sustainable social enterprises, growing family wage jobs, and scaling local solutions to national markets. Training and developing entrepreneurs will be a top priority through programming and education.

Reduce baltimore's neighbrohood and racial wealth divide. Teach members of disinvested communities how to build and own successful social enterprises that create sustainable neighborhood economies and result in better family living, more resilient neighborhoods and a safer more vibrant city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$208,594$315,919▲ $107,325
Rtn Earn Endowment Incm Other Fnds$209,094$315,919▲ $106,825
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$209,094$315,919▲ $106,825
Other Assets Total$500--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$209,094$315,919▲ $106,825
Total Liabilities and Net Assets / Fund Balance$209,094$315,919▲ $106,825
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Francis KnottPresident
Anthony DayDirector
Dan RizzoDirector
Fagan HarrisDirector
Heber Brown IiiDirector
Jacqueline CaldwellDirector
Jamie McdonaldDirector
John J CicconeDirector
Sabrina DepestreDirector
William ColeDirector
William J WattersDirector
William HeiserSecretary
Nicholas NapolitanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$485,667
Program Service Revenue
$0
Investment Income
$1,166
Other Revenue
$0
All Other Contributions
$425,667
Change in Net Assets
$106,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$486,833
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$486,833
Total Revenue per Form 990
$486,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$380,008
Total Fundraising Expense$3,393
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$76,312$52,661$1,031$130,004
Conferences and Meetings$25,154--$25,154
Other Expenses$18,491$4,123$204$22,818
Fees for Services Management$22,575--$22,575
All Other Expenses$18,852$1,223$2,027$22,102
Fees for Services Legal$3,664$2,145$35$5,844
Fees for Services Accounting-$5,359-$5,359
Travel$3,810$850$42$4,702
Occupancy$2,477$553$27$3,057
Insurance$1,163$1,473$13$2,649
Information Technology$1,314$293$14$1,621
Total Functional Expenses$307,935$68,680$3,393$380,008

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$380,008
Total Expenses per Audited Statements$380,008
Total Expenses per Form 990$380,008
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the tax return is furnished to the board members at their monthly meeting.”

Form 990, Part VI, Section C, Line 19

“Documents are available by written request.”

Filing and Contact Details

Filer

Filer Name
Innovation Works Inc
EIN
82-3417166
Phone
4103714722
Address
1400 GREENMOUNT AVE STE B01, BALTIMORE, MD 21202

Signing Officer

Name
Francis Knott
Title
President
Phone
4103714722
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Knott
Formed
2017
Legal Domicile
Md
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Stoy Malone & Company Pc
Address
705 YORK ROAD, BALTIMORE, MD 21204
Preparer
JOYCE T O'DWYER CPA
Phone
4108281961
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Marketing: program service expenses 18,972. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,972. Placement fees: program service expenses 11,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,000. Cio services: program service expenses 31,640. Management and general expenses 44,057. Fundraising expenses 890. Total expenses 76,587. Curriculum development: program service expenses 14,700. Management and general expenses 8,604. Fundraising expenses 141. Total expenses 23,445.”

FORM 990, PART XII, LINE 2C:

“No change in oversight process.”

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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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IRS990/MissionDesc0THE CORPORATION WILL DEVELOP SUSTAINABLE NEIGHBORHOOD ECONOMIES IN DEPRESSED AREAS BY: IGNITING INTEREST IN SUSTAINABLE SOCIAL ENTERPRISE, HELPING INDIVIDUALS TRANSFORM CHALLENGES INTO OPPORTUNITIES, CREATING SUSTAINABLE SOCIAL ENTERPRISES, GROWING FAMILY WAGE JOBS, AND SCALING LOCAL SOLUTIONS TO NATIONAL MARKETS. TRAINING AND DEVELOPING ENTREPRENEURS WILL BE A TOP PRIORITY THROUGH PROGRAMMING AND EDUCATION.
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IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0209094
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt052782
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0261876
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0106825
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0209094
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0315919
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0485667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0261803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0747470
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01239
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01239
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt0747470
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0485667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0261803
IRS990ScheduleA/Total509Grp/TotalAmt0747470
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0486833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0261876
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0748709
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0380008
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0486833
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0380008
IRS990ScheduleD/TotalRevenuePerForm990Amt0486833
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0486833
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0380008
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE TAX RETURN IS FURNISHED TO THE BOARD MEMBERS AT THEIR MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE BY WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARKETING: PROGRAM SERVICE EXPENSES 18,972. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,972. PLACEMENT FEES: PROGRAM SERVICE EXPENSES 11,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,000. CIO SERVICES: PROGRAM SERVICE EXPENSES 31,640. MANAGEMENT AND GENERAL EXPENSES 44,057. FUNDRAISING EXPENSES 890. TOTAL EXPENSES 76,587. CURRICULUM DEVELOPMENT: PROGRAM SERVICE EXPENSES 14,700. MANAGEMENT AND GENERAL EXPENSES 8,604. FUNDRAISING EXPENSES 141. TOTAL EXPENSES 23,445.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0209094
IRS990/TotalAssetsEOYAmt0315919
IRS990/TotalAssetsGrp/BOYAmt0209094
IRS990/TotalAssetsGrp/EOYAmt0315919
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0485667
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03393
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068680
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0307935
IRS990/TotalFunctionalExpensesGrp/TotalAmt0380008
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0209094
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0315919
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt07935
IRS990/TotalProgramServiceExpensesAmt0307935
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01166
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0486833
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0209094
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0315919
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt042
IRS990/TravelGrp/ManagementAndGeneralAmt0850
IRS990/TravelGrp/ProgramServicesAmt03810
IRS990/TravelGrp/TotalAmt04702
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 314
IRS990/USAddress/CityNm0RIDERWOOD
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021139
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$315,919
Liabilities
$0
Net assets
$315,919
Revenue
$486,833
Expenses
$380,008
Net income
$106,825
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.34$0.04$1.30$1.43$1.43$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.04$1.30$1.42$1.28$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.09$1.15$1.24$0.97$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.08$0.76$0.87$0.99$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.02$0.64$0.85$0.52$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.49$0.38$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.26$0.05$0.21