Civic Intelligence

Ironworkz Corporation

EIN 92-2093136 • 501(c)3 • Gary, IN

990-N CoverageNTEE S30

Profile

IronWorkz Corporation is dedicated to fostering equity in underserved communities through comprehensive support for entrepreneurial development. Our mission is to bridge knowledge and resource gaps, driving community revitalization, engagement, and economic growth. We believe in providing equitable opportunities for success and aim to become a vital pillar in these communities, enriching the lives of individuals who live and work there. As a charitable business incubator, IronWorkz empowers and enhances entrepreneurial journeys, offering guidance and community resources to those pursuing entrepreneurship as a pathway to success alongside traditional avenues of education and employment.

994 Burr StreetGary, IN 46406
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.00x

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

NTEE S30 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.00x

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

NTEE S30 • <$500k nonprofits • Source year 2023

Net Margin

70th percentile

24%

Higher net margin than 70% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

NTEE S30 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

$1,957

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$1,957

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue53rd percentileNet Margin70th percentile

Revenue

$8,036

No earlier filing loaded for comparison.

Expenses

$6,069

No earlier filing loaded for comparison.

Net Income

$1,967

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0K$1.5K$1.0K$500$0Assets 2023: $1,957Liabilities 2023: $0Net Assets 2023: $1,9572023

Highlighted filing

2023

Assets$1,957
Liabilities$0
Net Assets$1,957
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10K$5.0K$0Revenue 2023: $8,036Expenses 2023: $6,069Net Income 2023: $1,9672023

Highlighted filing

2023

Revenue$8,036
Expenses$6,069
Net Income$1,967
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$1,957
Liabilities
$0
Net assets
$1,957
Revenue
$8,036
Expenses
$6,069
Net income
$1,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1,957$0$1,957$8,036$6,069$1,967
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$8,036
Mission and Program Overview

Mission

IronWorkz Corporation is dedicated to fostering equity in underserved communities through comprehensive support for entrepreneurial development. Our mission is to bridge knowledge and resource gaps, driving community revitalization, engagement, and economic growth. We believe in providing equitable opportunities for success and aim to become a vital pillar in these communities, enriching the lives of individuals who live and work there. As a charitable business incubator, IronWorkz empowers and enhances entrepreneurial journeys, offering guidance and community resources to those pursuing entrepreneurship as a pathway to success alongside traditional avenues of education and employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$1,957▲ $1,957
Total Assets$0$1,957▲ $1,957
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$1,957▲ $1,957
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$1,957▲ $1,957
Total Liabilities and Net Assets / Fund Balance$0$1,957▲ $1,957
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
Emmani EllisCheif Operating Officer
Faith SpencerChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,650
Program Service Revenue
$1,386
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,650
Change in Net Assets
$1,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,969
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$4,307--$4,307
Office Expenses$1,470--$1,470
Advertising$192--$192
Grants to Domestic Individuals$100--$100
Total Functional Expenses$6,069$0$0$6,069
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
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

“Review at the Board Meeting.”

Form 990, Part VI, Section C, Line 19

“Upon Request”

Filing and Contact Details

Filer

Filer Name
Ironworkz Corporation
EIN
92-2093136
Phone
2197419895
Address
994 Burr Street, Gary, IN 46406

Signing Officer

Name
Faith Spencer
Title
Chief Executive Officer
Phone
2197419895
Signed
2024-05-14

Organization Details

Principal Officer
Faith Spencer
Formed
2023
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
8
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