Civic Intelligence

Ideaspace Project Inc

990 • Fiscal year 2022 • EIN 85-2467209

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 25, 2023

Organization ProfileIDEASPACE PROJECST
4 Pepper Ridge RdPepper Pike, OH 44124

(216) 470-2443

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.00x

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-847342%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

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

2022 filings • 501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-84%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$41,104

Down $220,309 (-84%) from 2021

Net Assets

Down

$41,104

Down $220,309 (-84%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$26

Down $250,022 (-100%) from 2021

Expenses

Down

$220,335

Down $20,702 (-8.6%) from 2021

Net Income

Down

-$220,309

Down $229,320 (-2545%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$300K$200K$100K$0Assets 2020: $252,402Liabilities 2020: $0Net Assets 2020: $252,4022020Assets 2021: $261,413Liabilities 2021: $0Net Assets 2021: $261,4132021Assets 2022: $41,104Liabilities 2022: $0Net Assets 2022: $41,1042022Assets 2023: $23,536Liabilities 2023: $0Net Assets 2023: $23,5362023Assets 2024: $9,345Liabilities 2024: $0Net Assets 2024: $9,3452024

Highlighted filing

2022

Assets$41,104
Liabilities$0
Net Assets$41,104
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$400K$200K$0-$200K-$400KRevenue 2020: $312,001Expenses 2020: $59,599Net Income 2020: $252,4022020Revenue 2021: $250,048Expenses 2021: $241,037Net Income 2021: $9,0112021Revenue 2022: $26Expenses 2022: $220,335Net Income 2022: -$220,3092022Revenue 2023: $124,999Expenses 2023: $142,567Net Income 2023: -$17,5682023Revenue 2024: $43,520Expenses 2024: $57,711Net Income 2024: -$14,1912024

Highlighted filing

2022

Revenue$26
Expenses$220,335
Net Income-$220,309
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 25, 2023
Return Version
2022v5.0
Gross Receipts
$26
Mission and Program Overview

Mission

Consultation and research services for strategic planning and decision making for public and private entities

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$261,413$41,104▼ $220,309
Total Assets$261,413$41,104▼ $220,309
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,413$41,104▼ $220,309
Total Net Assets Fund Balance$261,413$41,104▼ $220,309
Total Liabilities and Net Assets / Fund Balance$261,413$41,104▼ $220,309
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
Frederick TaftPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$0
Change in Net Assets
$-220,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$192,956
Other Expenses$27,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$192,956--$192,956
Information Technology$11,272--$11,272
Advertising-$9,787-$9,787
Office Expenses-$1,957-$1,957
Other Expenses-$1,716-$1,716
Fees for Services Legal-$1,580-$1,580
Fees for Services Accounting-$708-$708
Fees for Services Management-$359-$359
Total Functional Expenses$204,228$16,107$0$220,335
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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, Part VI, Section A, Line 6

“ONE ACTIVE MEMBER”

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

“ONE ACTIVE MEMBER”

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

“OFFICER REVIEW”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Ideaspace Project Inc
EIN
85-2467209
Phone
2164702443
Address
4 PEPPER RIDGE RD, PEPPER PIKE, OH 44124

Signing Officer

Name
Frederick Taft
Title
President
Phone
2164702443
Signed
2023-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Taft
Formed
2020
Legal Domicile
Oh
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Lyle & Associates CPA
Address
549 EAST WASHINGTON STREET, CHAGRIN FALLS, OH 44022
Phone
4402471178
Raw XML Appendix246 raw XML fields

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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ReturnHeader/TaxPeriodBeginDt02022-01-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,104
Liabilities
$0
Net assets
$41,104
Revenue
$26
Expenses
$220,335
Net income
-$220,309
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.44$0.58$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$1.25$1.43$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.00$2.20$2.20
2021Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$2.50$2.41$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$3.12$0.60$2.52