2024-05-14T10:08:49-05:00 2023-06-30 720870824 WEGMANN DAZET APC 111 VETERANS BLVD SUITE 1600 METAIRIE LA 70005 990 2022-07-01 450470675 THE IDEA VILLAGE INC IDEA 5042912563 900 CAMP STREET 308 NEW ORLEANS LA 70130 JON ATKINSON CEO 5042912563 2024-05-10 1 JON ATKINSON 999009999 0 JONATHAN P KOENIG P91752990 5048378844 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JON ATKINSON 900 CAMP STREET 308 NEW ORLEANS LA 70130 1805703 0 X IDEAVILLAGE.ORG X 2002 LA OUR MISSION IS TO IDENTIFY, SUPPORT, AND RETAIN ENTREPRENEURIAL TALENT IN NEW ORLEANS AND THE SURROUNDING REGION. 25 25 10 98 0 0 1455396 1748783 16264 53873 37 2045 3001 1002 1474698 1805703 0 50000 0 0 642275 715562 0 0 265784 705382 1157196 1347657 1922758 127041 -117055 1052812 1181843 157277 403363 895535 778480 X THE IDEA VILLAGE IS A NON-PROFIT ORGANIZATION THAT RUNS ACCELERATOR PROGRAMS FOR LOCAL AND REGIONAL STARTUPS AND PRODUCES NEW ORLEANS ENTREPRENEUR WEEK (NOEW). BY SUPPORTING THE DEVELOPMENT OF A PIPELINE OF HIGH GROWTH, VENTURE-SCALE, STARTUPS AND THE COMMUNITY THAT SUPPORTS THEM WE ARE INVESTING IN THE ECONOMIC VITALITY OF OUR REGION BY SUPPORTING COMPANIES THAT GENERATE REVENUE, JOBS, AND CAPITAL INVESTMENT IN OUR REGION. WE ARE ALSO INVESTING IN INDUSTRIES OF THE FUTURE BY CULTIVATING NEW INDUSTRY LEADERS, OPPORTUNITIES WITH UPWARD MOBILITY POTENTIAL, AND NEW WEALTH CREATION THAT AFFECTS OUR COMMUNITIES. THROUGH OUR VARIOUS PROGRAMS WE SERVE 100S OF COMPANIES EACH YEAR AND ENDEAVOR TO BRING BEST-IN-CLASS RESOURCES TO SUPPORT LOCAL TALENT IN BUILDING STARTUPS THROUGHOUT THE REGION. 0 0 1375631 50000 54875 THE IDEA VILLAGE IS A NONPROFIT ACCELERATOR PROGRAM WHOSE CORE BELIEF IS THAT ENTREPRENEURSHIP IS AN AGENT OF SOCIAL AND ECONOMIC CHANGE. AS AN EARLY CHAMPION OF ENTREPRENEURSHIP IN NEW ORLEANS, THE ORGANIZATION HAS PLAYED AN INTEGRAL ROLE IN CATALYZING THE CITY'S ENTREPRENEURIAL MOVEMENT. IN ADDITION TO SUPPORTING OVER 14,955 ENTREPRENEURS, THE IDEA VILLAGE HAS SUCCESSFULLY ELEVATED NEW ORLEANS' REPUTATION AS A HUB OF INNOVATION, ENTREPRENEURSHIP, AND BUSINESS. BY SERVING AS A CATALYST AND DEVELOPING PROGRAMS THAT PROVIDE DIRECT SUPPORT AND EDUCATION TO FOUNDERS AND EARLY-STAGE COMPANIES, THE IDEA VILLAGE HELPS ENTREPRENEURS BUILD INNOVATIVE AND INDUSTRY-LEADING COMPANIES THAT GENERATE REVENUE AND JOBS TO HELP CREATE A MORE VIBRANT, INCLUSIVE, AND RESILIENT LOCAL ECONOMY.WE ALSO CULTIVATE INDUSTRIES OF THE FUTURE THAT WILL WITHSTAND THE TESTS OF NATURAL AND ECONOMIC CRISES. AS THE RESULT OF 20 YEARS OF SUSTAINED INVESTMENT, NEW ORLEANS WAS NAMED IN 2018 AS "ONE OF THE FASTEST GROWING TECH CLUSTERS IN AMERICA," A "TOP 10 CITY FOR AFRICAN AMERICANS AND WOMEN IN TECH, AND A PLACE THAT "LEADS THE USA BY 56% IN STARTUP GROWTH." IN 2022 WE EXPERIENCED 10+ MAJOR EXITS IN THE NEW ORLEANS STARTUP COMMUNITY RESULTING IN OVER $2.5B OF REALIZED VALUE AND OVER $500M IN DIRECT REINVESTMENT. TO FULLY REALIZE NEW ORLEANS' ECONOMIC POTENTIAL WE NEED A SUSTAINED INVESTMENT IN THE INFRASTRUCTURE OF INNOVATION. WE NEED TO ASSEMBLE WORLD CLASS RESOURCES TO CATALYZE AND SUPPORT OUR STARTUP COMPANIES THROUGH THE MOST CRITICAL EARLY STAGES OF DEVELOPMENT. NEW ORLEANS HAS A BROAD TALENT BASE, UNIQUE ACCESS TO CRITICAL INFRASTRUCTURE, AND A FRONT ROW SEAT TO INTERESTING PROBLEMS TO SOLVE. IT IS ALSO A PLACE THAT PEOPLE WANT TO LIVE IN AND WANT TO CALL HOME.PROGRAM HIGHLIGHTSIDEAINSTITUTE IS A 10-WEEK, SELECTIVE, HIGHLY STRUCTURED,IDEA-STAGE ACCELERATOR PROGRAM DESIGNED TO HELP FOUNDERS FROM DIVERSE BACKGROUNDS DEVELOP A CONCEPT INTO A VIABLE BUSINESS. IT FOCUSES ON BUILDING THE PIPELINE OF REPEATABLE, SCALABLE, HIGH-GROWTH POTENTIAL COMPANIES REPRESENTING THE SEEDS OF A HOMEGROWN ECONOMIC DEVELOPMENT STRATEGY THAT CAN MAKE OUR COMMUNITY STRONGER FOR GENERATIONS TO COME. BUILT AROUND THE LEAN STARTUP METHODOLOGY, IT HONES CRITICAL SKILLS IN OPPORTUNITY RECOGNITION, PROBLEM IDENTIFICATION, PROTOTYPING, CUSTOMER DISCOVERY, AND BUSINESS MODEL DEVELOPMENT. THE CURRICULUM IS BASED ON METHODS PILOTED IN THE MBA PROGRAM AT LOYOLA, AND IS TAUGHT BY FACULTY OF THE LOYOLA CENTER FOR ENTREPRENEURSHIP AND COMMUNITY DEVELOPMENT.IDEAINSTITUTE RUNS TWICE PER YEAR. OVER 220 PEOPLE HAVE ALREADY COMPLETED THE 10-WEEK PROGRAM ACROSS SIX COHORTS. THE PROGRAM MAINTAINS A STRONG NET PROMOTER SCORE AND HAS MATRICULATED MULTIPLE COMPANIES TO OUR LATE-STAGE ACCELERATOR, VILLAGEX.VILLAGEX IS OUR PREMIER PROGRAM, A LATE-STAGE ACCELERATOR THAT FOCUSES ON VENTURE PROFILE COMPANIES BRINGING AN INNOVATIVE TECHNOLOGY TO MARKET OR PROVING AN UNKNOWN BUSINESS MODEL. THESE ARE THE TYPES OF COMPANIES THAT CAN GROW TO SUBSTANTIAL SIZE AND SCOPE AND BECOME DOMINANT WITHIN AN INDUSTRY. THEY ARE DRIVERS OF MEANINGFUL ECONOMIC IMPACT AND JOB CREATION. THE TYPES OF BUSINESSES THAT, IF THEY ACHIEVE REAL MARKET TRACTION, CAN HIRE HUNDREDS OF PEOPLE PER YEAR. THE VILLAGEX ACCELERATOR IS FOCUSED ON HELPING COMPANIES CLOSE THE GAP BETWEEN SEED AND SERIES A FINANCING THROUGH A CUSTOMIZED FOCUS ON BUILDING STRENGTH ACROSS THE DIMENSIONS OF TEAM, PRODUCT, TRACTION, AND MARKET OPPORTUNITY. AS AN EXAMPLE, THE THIRTEEN ALUMNI COMPANIES FROM THE 2020 VILLAGEX CYCLE RAISED $9 MILLION IN CAPITAL IN ONLY AN 18-MONTH PERIOD. ACCELERATORS SUCH AS VILLAGEX PROVIDE OPPORTUNITIES FOR EDUCATION, EXPOSURE, CONNECTIONS, AND MOST IMPORTANTLY ACCESS TO NETWORKS AND MENTORSHIP THAT HELPS TO DEMOCRATIZE OPPORTUNITIES TO START AND SCALE HIGH-GROWTH VENTURES. VILLAGEX IS AN ANNUAL PROGRAM.NEW ORLEANS ENTREPRENEUR WEEK (NOEW), TAKES PLACE DURING THE SPRING OF EACH YEAR. AT NOEW, ATTENDEES GATHER TO LEARN FROM A GLOBALLY RECOGNIZED LINEUP OF PANELISTS AND KEYNOTE SPEAKERS AS WELL AS TAKE PART IN PITCH COMPETITIONS, NETWORKING OPPORTUNITIES, AND OTHER EXCITING EVENTS. NOEW IS FREE FOR ATTENDEES AND IS THE LEADING PLATFORM FOR CELEBRATING BUSINESS, INNOVATION, AND ENTREPRENEURIAL THINKING IN NEW ORLEANS AND THE GULF SOUTH. THE EVENT FACILITATES CONNECTIONS AND ELEVATES ENTREPRENEURSHIP THROUGH DISCUSSION, DEBATE, EDUCATION, COMPETITION, AND CELEBRATION. THOUSANDS OF INDIVIDUALS ATTEND NOEW EACH YEAR INCLUDING BUSINESS LEADERS, ENTREPRENEURS, AND EMERGING PROFESSIONALS. NOEW CULMINATES IN IDEAPITCH - A "SHARK TANK" STYLE PITCH COMPETITION AWARDING THE WINNER WITH CASH INVESTMENT.IN ADDITION TO THESE CORE PROGRAMS, THE IDEA VILLAGE'S STRATEGY TO INSPIRE, START, AND SCALE HIGH GROWTH VENTURES IS CONTINUALLY EVOLVING TO MEET THE NEEDS OF OUR FOUNDERS, STARTUP PIPELINE AND OUR COMMUNITY AT LARGE. 1375631 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 LA X X JON ATKINSON 5042912563 900 CAMP STREET 308 NEW ORLEANS LA 70130 MERRITT LANE DIRECTOR 2.00 X 0 0 0 BILL HINES DIRECTOR 2.00 X 0 0 0 PATRICK COMER DIRECTOR 2.00 X 0 0 0 DAVID DART DIRECTOR 2.00 X 0 0 0 TI ADELAIDE MARTIN DIRECTOR 2.00 X 0 0 0 CHRIS LAIBE DIRECTOR 2.00 X 0 0 0 SIGG GREENBAUM DIRECTOR 2.00 X 0 0 0 MICHAEL HECHT DIRECTOR 2.00 X 0 0 0 JULIAN HERBERT DIRECTOR 2.00 X 0 0 0 DAVID BARKSDALE FORMER CHAIR 2.00 X X 0 0 0 TARA HERNANDEZ SECRETARY 2.00 X X 0 0 0 CATHY ISAACSON DIRECTOR 2.00 X 0 0 0 COOPER MANNING DIRECTOR 2.00 X 0 0 0 JEN SCHNIDMAN VICE-CHAIR 2.00 X X 0 0 0 MATT SCHWARTZ DIRECTOR 2.00 X 0 0 0 AIMME QUIRK DIRECTOR 2.00 X 0 0 0 ROBERT SAVOIE PHD DIRECTOR 2.00 X 0 0 0 MARIANNE VAN METER CHAIR 6.00 X X 0 0 0 CHRISTIAN BROWN DIRECTOR 2.00 X 0 0 0 SALLY FORMAN DIRECTOR 2.00 X 0 0 0 ALLEN SQUARE DIRECTOR 2.00 X 0 0 0 ROBBERT VORHOFF TREASURER 2.00 X X 0 0 0 JOHN LANDRUM DIRECTOR 2.00 X 0 0 0 SOUMITRA SENGUPTA DIRECTOR 2.00 X 0 0 0 SCOTT WOLFE DIRECTOR 2.00 X 0 0 0 JON ATKINSON PRESIDENT & CEO 40.00 X 181608 0 9280 181608 0 9280 1 0 1 0 0 357954 1390829 1748783 PROGRAM FEES 561499 53873 53873 53873 2045 2045 OTHER MISCELLANEOUS RE 900099 1002 1002 1002 1805703 54875 0 2045 X 50000 50000 181608 181608 446136 265603 15135 165398 41873 26646 3404 11823 45945 31214 11263 3468 18492 18492 278034 148933 59508 69593 28487 23877 4610 11612 1013 10599 4930 4930 130668 130668 339 339 30701 30701 EVENT EXPENSE 586232 584232 2000 MISCELLANEOUS EXPENSES 56926 16099 25325 15502 PRODUCTION 10775 10775 1922758 1375631 281343 265784 648554 541195 15000 62500 89258 50323 100000 100000 200000 200000 0 227825 1052812 1181843 28678 63820 125000 104000 0 231338 3599 4205 157277 403363 X 895535 778480 895535 778480 1052812 1181843 -117055 0 X X 0 1 X 1 0 X 1141714 721534 1247090 1388276 1748783 6247397 1141714 721534 1247090 1388276 1748783 6247397 1251579 4995818 26 204 176 37 2045 2488 15281 14874 808 3001 1002 34966 6284851 303092 0.79490 0.77890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 STOCK INVESTMENTS 200000 C 200000 ROU ASSET 227825 227825 CREDIT CARD PAYABLE 4205 4205 X 1955130 149427 149427 1805703 0 1805703 2072185 149427 149427 1922758 0 1922758 PART X, LINE 2: THE IDEA VILLAGE ADOPTED THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT OF THE IDEA VILLAGE BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS, AND ACCORDINGLY, IT HAS NOT RECOGINZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. WITH FEW EXCEPTIONS, THE IDEA VILLAGE IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE FILING OF THOSE RETURNS. 1 THE WATER INSTITUTE OF THE GULF 1110 RIVER ROAD SOUTH SUITE 200 BATON ROUGE LA 70802 451066585 501(C)(3) 50000 0 HELP IDENTIFY LONG TERM FUNDING TO SUPPORT IMPLEMENTAION OF PROJECTS PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY INITIALLY EXECUTING A MEMORANDUM OF UNDERSTANDING WITH THE GRANT RECIPIENT AND PROVIDES FOLLOW-UP COLLABORATION AND OVERSITE AS DEEMED NECESSARY. X X X X 0 0 0 0 0 0 0 0 0 JON ATKINSON PRESIDENT & CEO 181608 0 0 0 0 0 0 0 9280 0 190888 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WILL PROVIDE A COPY OF THE FORM 990 TO EACH BOARD MEMBER BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND DIRECTORS ARE AWARE THAT CONFLICTS OF INTEREST SHOULD BE DISCLOSED AS SOON AS THE CONFLICT ARISES. THE ORGANIZATION HAS A DISCLOSE AND ABSTAIN POLICY RELATED TO CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SEE SCHEDULE J, PART I, LINE 3 FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 114,605. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,605. PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 34,328. MANAGEMENT AND GENERAL EXPENSES 59,508. FUNDRAISING EXPENSES 69,593. TOTAL EXPENSES 163,429. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE SELECTION PROCESS OR OVERSIGHT OF THE ORGANIZATION'S AUDITORS.