Civic Intelligence

Ignite Presque Isle

990 • Fiscal year 2023 • EIN 86-1274227

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

Organization ProfileIGNITEPI.ORG
436 Main StreetPresque Isle, ME 04769

(207) 764-3747

Siviq Scores

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

Liabilities / Assets

50th percentile

0.13x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.22x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$128,002

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

76th percentile

20%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

22%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$8,852,197

Up $1,460,299 (+20%) from 2022

Net Assets

Up

$7,710,145

Up $1,575,275 (+26%) from 2022

Liabilities

Down

$1,142,052

Down $114,976 (-9.1%) from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin82nd percentile

Revenue

Up

$5,228,714

Up $930,254 (+22%) from 2022

Expenses

Up

$3,653,438

Up $1,089,010 (+42%) from 2022

Net Income

Down

$1,575,276

Down $158,756 (-9.2%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$10M$5.0M$0Assets 2021: $4,447,439Liabilities 2021: $46,601Net Assets 2021: $4,400,8382021Assets 2022: $7,391,898Liabilities 2022: $1,257,028Net Assets 2022: $6,134,8702022Assets 2023: $8,852,197Liabilities 2023: $1,142,052Net Assets 2023: $7,710,1452023Assets 2024: $9,121,582Liabilities 2024: $1,100,707Net Assets 2024: $8,020,8752024

Highlighted filing

2023

Assets$8,852,197
Liabilities$1,142,052
Net Assets$7,710,145
Open 2023 Filing

Operations Trend

Revenue Growth72nd percentile

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

$6.0M$4.0M$2.0M$0Revenue 2021: $5,265,872Expenses 2021: $865,038Net Income 2021: $4,400,8342021Revenue 2022: $4,298,460Expenses 2022: $2,564,428Net Income 2022: $1,734,0322022Revenue 2023: $5,228,714Expenses 2023: $3,653,438Net Income 2023: $1,575,2762023Revenue 2024: $3,917,117Expenses 2024: $3,606,387Net Income 2024: $310,7302024

Highlighted filing

2023

Revenue$5,228,714
Expenses$3,653,438
Net Income$1,575,276
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v6.0
Gross Receipts
$5,228,714
Mission and Program Overview

Mission

Inspire community revitalization and innovation by promoting entrepreneurship in presque isle

Our mission is to inspire community revitalization and innovation by promoting entrepreneurship in presque isle. We've created a non-traditional approach to serving the community in an innovative and creative way. We're bringing together a service based nonprofit and restoring the iconic northeastland hotel to help the revitalization of the downtown.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,482,174$7,248,527▲ $4,766,353
Savings and Temporary Cash Investments$350,597$1,375,208▲ $1,024,611
Accounts Receivable$47,141$108,241▲ $61,100
Cash and Non-Interest-Bearing Accounts$469,931$89,789▼ $380,142
Inventories for Sale or Use$18,651$30,432▲ $11,781
Total Assets$7,391,898$8,852,197▲ $1,460,299
Other Assets Total$4,023,404--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,068,724-
Accounts Payable and Accrued Expenses$139,280$38,584▼ $100,696
Other Liabilities$1,117,748$34,744▼ $1,083,004
Total Liabilities$1,257,028$1,142,052▼ $114,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,036,244$6,860,125▲ $823,881
Net Assets With Donor Restrictions$98,626$850,020▲ $751,394
Total Net Assets Fund Balance$6,134,870$7,710,145▲ $1,575,275
Total Liabilities and Net Assets / Fund Balance$7,391,898$8,852,197▲ $1,460,299

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,764,578$195,485$1,960,063
Buildings$5,483,949$234,913-
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lerae KinneyCEOFT$128,002$128,002

Board Members and Trustees

NameTitle
Cathy BeaulieuBoard Chair
Julie LibbyVice Chair
Angie HeltonDirector
Bruce SargentDirector
Patricia SutherlandDirector
Ryan PelletierDirector
Kallie BardSecretary
James NelsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nickerson O'dayContractor35 AIRPORT ROAD, Brewer, ME 04412$954,564
Otis Elevator CompanyContractor60 FREEDOM PKWY, Hermon, ME 04401$162,210
Revenue and Support

Revenue Composition

Contributions and Grants
$2,411,502
Program Service Revenue
$2,811,577
Investment Income
$5,635
Other Revenue
$0
All Other Contributions
$1,630,545
Change in Net Assets
$1,575,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,907,488
Salaries, Compensation, and Employee Benefits$1,745,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,356,599$252,130-$1,608,729
Depreciation Depletion$266,009--$266,009
Occupancy$255,619$1,582-$257,201
Payroll Taxes$115,845$21,376-$137,221
All Other Expenses$86,564$40,254-$126,818
Insurance$34,027$41,825-$75,852
Other Expenses$64,935$9,213-$74,148
Office Expenses$8,247$47,181-$55,428
Interest$5,428$43,839-$49,267
Advertising$13,440$27,691-$41,131
Fees for Services Other-$23,327-$23,327
Total Functional Expenses$2,995,996$657,442$0$3,653,438
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
Gift Card Liability$34,744
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
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
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 Presque Isle
EIN
86-1274227
Phone
2077643747
Address
436 MAIN STREET, PRESQUE ISLE, ME 04769

Signing Officer

Name
Lerae Kinney
Title
CEO
Phone
2077643747
Signed
2024-11-07

Organization Details

Principal Officer
Lerae Kinney
Formed
2020
Voting Board Members
8
Independent Board Members
8
Employees
117

Preparer

Firm
Chester M Kearney Pa
Address
PO BOX 1550, PRESQUE ISLE, ME 04769
Preparer
Timothy P Poitras
Phone
2077643171
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

“Amended to correct net assets with donor restrictions. Originally filed return showed 0 net assets with donor restrictions which was discovered to be in correct.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1”

Raw XML AppendixShowing 400 of 404 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0139280
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt038584
IRS990/AccountsReceivableGrp/BOYAmt047141
IRS990/AccountsReceivableGrp/EOYAmt0108241
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO INSPIRE COMMUNITY REVITALIZATION AND INNOVATION BY PROMOTING ENTREPRENEURSHIP IN PRESQUE ISLE. WE'VE CREATED A NON-TRADITIONAL APPROACH TO SERVING THE COMMUNITY IN AN INNOVATIVE AND CREATIVE WAY. WE'RE BRINGING TOGETHER A SERVICE BASED NONPROFIT AND RESTORING THE ICONIC NORTHEASTLAND HOTEL TO HELP THE REVITALIZATION OF THE DOWNTOWN.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt027691
IRS990/AdvertisingGrp/ProgramServicesAmt013440
IRS990/AdvertisingGrp/TotalAmt041131
IRS990/AllOtherContributionsAmt01630545
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt040254
IRS990/AllOtherExpensesGrp/ProgramServicesAmt086564
IRS990/AllOtherExpensesGrp/TotalAmt0126818
IRS990/AmendedReturnInd0X
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0IGNITE PI
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0IGNITE PI
IRS990/BooksInCareOfDetail/PhoneNum02077643171
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0436 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt0436 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PRESQUE ISLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004769
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0469931
IRS990/CashNonInterestBearingGrp/EOYAmt089789
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0954564
IRS990/ContractorCompensationGrp/CompensationAmt1162210
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt035 AIRPORT ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt160 FREEDOM PKWY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BREWER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HERMON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1ME
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd004412
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd104401
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NICKERSON O'DAY
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1OTIS ELEVATOR COMPANY
IRS990/ContractorCompensationGrp/ServicesDesc0CONTRACTOR
IRS990/ContractorCompensationGrp/ServicesDesc1CONTRACTOR
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02411502
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05635
IRS990/CYOtherExpensesAmt01907488
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02811577
IRS990/CYRevenuesLessExpensesAmt01575276
IRS990/CYSalariesCompEmpBnftPaidAmt01745950
IRS990/CYTotalExpensesAmt03653438
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05228714
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0266009
IRS990/DepreciationDepletionGrp/TotalAmt0266009
IRS990/Desc0OUR INNOVATION CENTER IS IGNITE PI'S INAUGURAL PROJECT. WE'VE CREATED A STORE FRONT SPACE AS AN ENTREPRENEURIAL NEXUS WITH THE MOST INNOVATIVE CO- WORKSPACE IN NEW ENGLAND. WE'VE JUST BEGUN AN IMPRESSIVE RENOVATION PLAN TO TRANSFORM THE STORE FRONT PROPERTY INTO THE NEXT GENERATION OF BUSINESS IN THE HEART OF PRESQUE ISLE. OUR CENTER COMPLIMENTS EXISTING BUSINESSES AND SERVICES IN THE DOWNTOWN DISTRICT. WE'RE PROMOTING AN ENTREPRENEURIAL SPIRIT TO BRING THE COMMUNITY TOGETHER FOR GENERATIONS TO COME.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt098626
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0850020
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0117
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0927
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt023327
IRS990/FeesForServicesOtherGrp/TotalAmt023327
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0LERAE KINNEY
IRS990/Form990PartVIISectionAGrp/PersonNm1KALLIE BARD
IRS990/Form990PartVIISectionAGrp/PersonNm2CATHY BEAULIEU
IRS990/Form990PartVIISectionAGrp/PersonNm3ANGIE HELTON
IRS990/Form990PartVIISectionAGrp/PersonNm4JULIE LIBBY
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm6RYAN PELLETIER
IRS990/Form990PartVIISectionAGrp/PersonNm7BRUCE SARGENT
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICIA SUTHERLAND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0128002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0780957
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05228714
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt041825
IRS990/InsuranceGrp/ProgramServicesAmt034027
IRS990/InsuranceGrp/TotalAmt075852
IRS990/InterestGrp/ManagementAndGeneralAmt043839
IRS990/InterestGrp/ProgramServicesAmt05428
IRS990/InterestGrp/TotalAmt049267
IRS990/InventoriesForSaleOrUseGrp/BOYAmt018651
IRS990/InventoriesForSaleOrUseGrp/EOYAmt030432
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05635
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05635
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0430398
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02482174
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07248527
IRS990/LandBldgEquipCostOrOtherBssAmt07678925
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0INSPIRE COMMUNITY REVITALIZATION AND INNOVATION BY PROMOTING ENTREPRENEURSHIP IN PRESQUE ISLE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01068724
IRS990/NetAssetsOrFundBalancesBOYAmt06134870
IRS990/NetAssetsOrFundBalancesEOYAmt07710145
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06036244
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06860125
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01582
IRS990/OccupancyGrp/ProgramServicesAmt0255619
IRS990/OccupancyGrp/TotalAmt0257201
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt047181
IRS990/OfficeExpensesGrp/ProgramServicesAmt08247
IRS990/OfficeExpensesGrp/TotalAmt055428
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04023404
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherExpensesGrp/Desc0COGS
IRS990/OtherExpensesGrp/Desc1COMPUTER & IT SUPPORT
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0113052
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt135972
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt29213
IRS990/OtherExpensesGrp/ProgramServicesAmt0707228
IRS990/OtherExpensesGrp/ProgramServicesAmt113452
IRS990/OtherExpensesGrp/ProgramServicesAmt268603
IRS990/OtherExpensesGrp/ProgramServicesAmt364935
IRS990/OtherExpensesGrp/TotalAmt0707228
IRS990/OtherExpensesGrp/TotalAmt1126504
IRS990/OtherExpensesGrp/TotalAmt2104575
IRS990/OtherExpensesGrp/TotalAmt374148
IRS990/OtherLiabilitiesGrp/BOYAmt01117748
IRS990/OtherLiabilitiesGrp/EOYAmt034744
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0252130
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01356599
IRS990/OtherSalariesAndWagesGrp/TotalAmt01608729
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021376
IRS990/PayrollTaxesGrp/ProgramServicesAmt0115845
IRS990/PayrollTaxesGrp/TotalAmt0137221
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LERAE KINNEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721100
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL & EVENT CENTER
IRS990/ProgramServiceRevenueGrp/Desc1INNOVATION CENTER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010751
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02800826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110751
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02800826
IRS990/ProgSrvcAccomActy2Grp/Desc0HOTEL AND RESTAURANT OPERATIONS SUPPORT INNOVATION CENTER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02995069
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02800826
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03340679
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01935
IRS990/PYOtherExpensesAmt01522842
IRS990/PYOtherRevenueAmt03085
IRS990/PYProgramServiceRevenueAmt0952761
IRS990/PYRevenuesLessExpensesAmt01734032
IRS990/PYSalariesCompEmpBnftPaidAmt01041586
IRS990/PYTotalExpensesAmt02564428
IRS990/PYTotalRevenueAmt04298460
IRS990/ReconcilationRevenueExpnssAmt01575276
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010751
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0350597
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01375208
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02411502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03340679
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04652606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010404787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05635
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0592
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08162
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021406
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01246775
IRS990ScheduleA/SubstantialContributorsTotAmt09158012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02411502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03340679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04652606
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010404787
IRS990ScheduleA/TotalSupportAmt010412949
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05483949
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0234913
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05718862
IRS990ScheduleD/EquipmentGrp/BookValueAmt01764578
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0195485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01960063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CARD LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07248527
IRS990ScheduleD/TotalLiabilityAmt034744
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED TO CORRECT NET ASSETS WITH DONOR RESTRICTIONS. ORIGINALLY FILED RETURN SHOWED 0 NET ASSETS WITH DONOR RESTRICTIONS WHICH WAS DISCOVERED TO BE IN CORRECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07391898
IRS990/TotalAssetsEOYAmt08852197
IRS990/TotalAssetsGrp/BOYAmt07391898
IRS990/TotalAssetsGrp/EOYAmt08852197
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02411502
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0657442
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02995996
IRS990/TotalFunctionalExpensesGrp/TotalAmt03653438
IRS990/TotalGrossUBIAmt02800826
IRS990/TotalLiabilitiesBOYAmt01257028
IRS990/TotalLiabilitiesEOYAmt01142052
IRS990/TotalLiabilitiesGrp/BOYAmt01257028
IRS990/TotalLiabilitiesGrp/EOYAmt01142052
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06134870
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07710145
IRS990/TotalProgramServiceExpensesAmt02995996
IRS990/TotalProgramServiceRevenueAmt02811577
IRS990/TotalReportableCompFromOrgAmt0128002
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05228714
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02800826
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07391898
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08852197
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0IGNITEPI.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LERAE KINNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02077643747
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IGNITE PRESQUE ISLE
ReturnHeader/Filer/BusinessNameControlTxt0IGNI
ReturnHeader/Filer/EIN0861274227
ReturnHeader/Filer/PhoneNum02077643747
ReturnHeader/Filer/USAddress/AddressLine1Txt0436 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0PRESQUE ISLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004769
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010411241
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHESTER M KEARNEY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRESQUE ISLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004769
ReturnHeader/PreparerPersonGrp/PhoneNum02077643171
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY P POITRAS
ReturnHeader/ReturnTs02025-01-22T08:58:19-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,852,197
Liabilities
$1,142,052
Net assets
$7,710,145
Revenue
$5,228,714
Expenses
$3,653,438
Net income
$1,575,276
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.12$1.10$8.02$3.92$3.61$0.31
2023Detailed filing. Detailed filing data is available for this year.$8.85$1.14$7.71$5.23$3.65$1.58
2022Detailed filing. Detailed filing data is available for this year.$7.39$1.26$6.13$4.30$2.56$1.73
2021Detailed filing. Detailed filing data is available for this year.$4.45$0.05$4.40$5.27$0.87$4.40