Civic Intelligence

Ignite Innovation Technology Foundation

990 • Fiscal year 2022 • EIN 85-0962837

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 09, 2023

800 S Pointe Drive Suite 504Miami Beach, FL 33139

(703) 608-2515

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

100th percentile

2188%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

234%

Faster revenue growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$539,431

Up $515,859 (+2188%) from 2021

Net Assets

Up

$535,431

Up $515,859 (+2636%) from 2021

Liabilities

Flat

$4,000

Flat from 2021

Revenue

Up

$516,111

Up $361,788 (+234%) from 2021

Expenses

Down

$252

Down $134,499 (-100%) from 2021

Net Income

Up

$515,859

Up $496,287 (+2536%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2020: $0Net Assets 2020: $02020Assets 2021: $23,572Liabilities 2021: $4,000Net Assets 2021: $19,5722021Assets 2022: $539,431Liabilities 2022: $4,000Net Assets 2022: $535,4312022Assets 2023: $640,267Liabilities 2023: $4,000Net Assets 2023: $636,2672023Assets 2024: $785,345Liabilities 2024: $8,375Net Assets 2024: $776,9702024

Highlighted filing

2022

Assets$539,431
Liabilities$4,000
Net Assets$535,431

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $39,085Expenses 2020: $39,085Net Income 2020: $02020Revenue 2021: $154,323Expenses 2021: $134,751Net Income 2021: $19,5722021Revenue 2022: $516,111Expenses 2022: $252Net Income 2022: $515,8592022Revenue 2023: $189,647Expenses 2023: $6,348Net Income 2023: $183,2992023Revenue 2024: $10,866Expenses 2024: $11,395Net Income 2024: -$5292024

Highlighted filing

2022

Revenue$516,111
Expenses$252
Net Income$515,859
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 9, 2023
Return Version
2022v5.0
Gross Receipts
$516,111
Mission and Program Overview

Mission

Partnering to provide proven solutions that address the underrepresentation of women and minorities in emerging and advanced technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,572$539,431▲ $515,859
Total Assets$23,572$539,431▲ $515,859
Liabilities
Unsecured Notes Loans Payable$4,000$4,000→ $0
Total Liabilities$4,000$4,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,572$535,431▲ $515,859
Total Net Assets Fund Balance$19,572$535,431▲ $515,859
Total Liabilities and Net Assets / Fund Balance$23,572$539,431▲ $515,859
Compensation and Service Providers

Board Members and Trustees

NameTitle
Darrell L CrappsChairman
Revenue and Support

Revenue Composition

Contributions and Grants
$516,108
Program Service Revenue
$0
Investment Income
$3
Other Revenue
$0
All Other Contributions
$516,108
Change in Net Assets
$515,859

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded12$516,108
Total Noncash Contributions12$516,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$252-$252
Total Functional Expenses$0$252$0$252
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
Backup withholding compliance
No
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Ignite Innovation Technology
EIN
85-0962837
Phone
7036082515
Address
800 S POINTE DRIVE SUITE 504, MIAMI BEACH, FL 33139

Signing Officer

Name
Darrell L Crapps
Title
Chairman
Phone
7036082515
Signed
2023-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darrell L Crapps
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Aguiar Cabrera Maceo & Collp
Address
6500 COW PEN RD STE 202, MIAMI LAKES, FL 33014
Preparer
Alberto M Aguiar CPA
Phone
3055588964
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Partnering to provide proven solutions that address the underrepresentation of women and minorities in emerging and advanced technologies.

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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits