Civic Intelligence

Innovation Works Inc.

990 • Fiscal year 2020 • EIN 82-3417166

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 12, 2020

Organization ProfileN/A

View Organization Page

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

47th percentile

0.03x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

43rd percentile

0.03x

Higher debt load relative to revenue than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$100,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

91st percentile

111%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

74%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$666,946

Up $351,027 (+111%) from 2019

Net Assets

Up

$643,801

Up $327,882 (+104%) from 2019

Liabilities

Up

$23,145

Up $23,145 from 2019

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin85th percentile

Revenue

Up

$847,250

Up $360,417 (+74%) from 2019

Expenses

Up

$519,368

Up $139,360 (+37%) from 2019

Net Income

Up

$327,882

Up $221,057 (+207%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2020

Assets$666,946
Liabilities$23,145
Net Assets$643,801
Open 2020 Filing

Operations Trend

Revenue Growth90th 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

2020

Revenue$847,250
Expenses$519,368
Net Income$327,882
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$847,250
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$315,919$666,946▲ $351,027
Rtn Earn Endowment Incm Other Fnds$315,919$643,801▲ $327,882
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$315,919$666,946▲ $351,027
Liabilities
Other Liabilities$0$23,145▲ $23,145
Total Liabilities$0$23,145▲ $23,145
Net Assets / Fund Balance
Total Net Assets Fund Balance$315,919$643,801▲ $327,882
Total Liabilities and Net Assets / Fund Balance$315,919$666,946▲ $351,027
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
A Jay NwachuPresidentFT$100,000$100,000

Board Members and Trustees

NameTitle
Francis KnottChairman. CEO
Anthony DayDirector
Dan RizzoDirector
Fagan HarrisDirector
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
$845,704
Program Service Revenue
$0
Investment Income
$1,546
Other Revenue
$0
All Other Contributions
$845,704
Change in Net Assets
$327,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$847,250
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$847,250
Total Revenue per Form 990
$847,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$298,634
Other Expenses$220,734
Total Fundraising Expense$5,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$218,585$39,695$760$259,040
Fees for Services Other$14,555$8,940$2,891$26,386
Payroll Taxes$18,035$3,221$214$21,470
Other Employee Benefits$15,224$2,719$181$18,124
Fees for Services Accounting$6,022$5,599$1,192$12,813
Information Technology$10,651$1,710$140$12,501
Travel$6,513$1,175$96$7,784
Other Expenses$6,331$1,016$83$7,430
Occupancy$6,091$978$80$7,149
All Other Expenses$5,744$823$119$6,686
Fees for Services Legal-$4,627-$4,627
Office Expenses$1,748$280$23$2,051
Conferences and Meetings$811--$811
Total Functional Expenses$442,806$70,783$5,779$519,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$519,368
Total Expenses per Audited Statements$519,368
Total Expenses per Form 990$519,368
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$23,145
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
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
Chairman
Phone
4103714722
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Knott
Formed
2017
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
12
Employees
5
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

No Change in Oversight Process.

“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/ActivityOrMissionDesc0REDUCE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN. CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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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/PrincipalOfficerNm0FRANCIS KNOTT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOPING A FIVE STAGE PROGRAM FOR DEVELOPING SOCIAL ENTREPRENEURS IN DISTRESSED NEIGHBORHOODS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0137306
IRS990/ProgSrvcAccomActy3Grp/Desc0SENIOR EXECUTIVE MENTOR NETWORK
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0105500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0485667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01166
IRS990/PYOtherExpensesAmt0380008
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0106825
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0380008
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0486833
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0327882
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0315919
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0643801
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0845704
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0485667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0261803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01593174
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01546
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02785
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01546
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02785
IRS990ScheduleA/InvestmentIncomeCYPct00.00170
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt01593174
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0845704
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0485667
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0261803
IRS990ScheduleA/Total509Grp/TotalAmt01593174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0847250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0486833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0261876
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01595959
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/ExpensesSubtotalAmt0519368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0847250
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0519368
IRS990ScheduleD/TotalLiabilityAmt023145
IRS990ScheduleD/TotalRevenuePerForm990Amt0847250
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0847250
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0519368
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/ExplanationTxt2NO 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/FormAndLineReferenceDesc2NO CHANGE IN OVERSIGHT PROCESS.
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0315919
IRS990/TotalAssetsEOYAmt0666946
IRS990/TotalAssetsGrp/BOYAmt0315919
IRS990/TotalAssetsGrp/EOYAmt0666946
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0845704
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05779
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070783
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0442806
IRS990/TotalFunctionalExpensesGrp/TotalAmt0519368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt023145
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt023145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0315919
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0643801
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0442806
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt01546
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0847250
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0315919
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0666946
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt096
IRS990/TravelGrp/ManagementAndGeneralAmt01175
IRS990/TravelGrp/ProgramServicesAmt06513

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$666,946
Liabilities
$23,145
Net assets
$643,801
Revenue
$847,250
Expenses
$519,368
Net income
$327,882
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
Peer Organizations

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