2025-05-15T12:49:36-05:00 2024-06-30 260794367 UHY ADVISORS MID-ATLANTIC INC 705 YORK ROAD TOWSON MD 21204 990 2023-07-01 823417166 INNOVATION WORKS INC INNO 4109211035 1400 GREENMOUNT AVE STE B01 BALTIMORE MD 21202 A JAY NWACHU PRESIDENT/CEO 4102586253 2025-05-15 1 1 AMIE M KAHLER P00739177 4108281961 2025-05-15 2023 2025-03-06 01:10:19Z A JAY NWACHU 1400 GREENMOUNT AVE STE B01 BALTIMORE MD 21202 1432816 0 X WWW.IWBMORE.ORG X 2017 MD REDUCE BALTIMORE'S NEIGHBORHOOD AND RACIAL WEALTH DIVIDE. TEACH MEMBERS OF DISINVESTED COMMUNITIES HOW TO BUILD AND OWN SUCCESSFUL SOCIAL ENTERPRISES THAT CREATE SUSTAINABLE NEIGHBORHOOD ECONOMIES AND RESULT IN BETTER FAMILY LIVING, MORE RESILIENT NEIGHBORHOODS AND A SAFER MORE VIBRANT CITY. 16 16 14 106 0 0 1408414 1429584 0 0 8797 3232 0 0 1417211 1432816 7500 4500 0 0 812989 966196 0 0 295103 459553 455242 1280042 1425938 137169 6878 1335001 1342855 37884 38860 1297117 1303995 X THE CORPORATION WILL DEVELOP SUSTAINABLE NEIGHBORHOOD ECONOMIES IN DEPRESSED AREAS BY: IGNITING INTEREST IN SUSTAINABLE SOCIAL ENTERPRISE, HELPING INDIVIDUALS TRANSFORM CHALLENGES INTO OPPORTUNITIES, CREATING SUSTAINABLE SOCIAL ENTERPRISES, GROWING FAMILY WAGE JOBS, AND SCALING LOCAL SOLUTIONS TO NATIONAL MARKETS. TRAINING AND DEVELOPING ENTREPRENEURS WILL BE A TOP PRIORITY THROUGH PROGRAMMING AND EDUCATION. 0 0 357349 3500 SOCIAL ENTERPRISE DEVELOPMENT PIPELINE 106353 STRATEGIC INITIATIVES, FOCUSED ON SECTOR-BASED ECONOMIC DEVELOPMENT. 234431 1000 PROGRAM SUPPORT CONTRACTS, FOR ORGANIZATIONAL CAPACITY DEVELOPMENT INCLUDING CURRICULUM DEVELOPMENT AND IMPACT DATA MEASUREMENT. 698133 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 16 0 14 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 MD X THE ORGANIZATION 4102586253 1400 GREENMOUNT AVE STE B01 BALTIMORE MD 21202 A JAY NWACHU CEO 40.00 X X 144502 0 0 DAN RIZZO PRESIDENT 4.00 X X 0 0 0 DR FRANK LANCE DIRECTOR 4.00 X 0 0 0 FRANCIS KNOTT DIRECTOR 14.00 X 0 0 0 JIM PETERSON JR DIRECTOR 4.00 X 0 0 0 NATASHA M DARTIGUE DIRECTOR 4.00 X 0 0 0 NKENGE YASIN DIRECTOR 4.00 X 0 0 0 PAMELA ROUSSOS DIRECTOR 4.00 X 0 0 0 REV GREGORY CHISHOLM SJ DIRECTOR 4.00 X 0 0 0 RUSSELL JOYNER DIRECTOR 4.00 X 0 0 0 SABRINA DEPESTRE DIRECTOR 4.00 X 0 0 0 STEPHEN ABRAMS DIRECTOR 4.00 X 0 0 0 TERRENCE M SAWYER DIRECTOR 4.00 X 0 0 0 TINA RODRIGUEZ VICE - PRESIDENT 4.00 X X 0 0 0 NICK NAPOLITANO TREASURER 4.00 X X 0 0 0 JOHN BUSSE DIRECTOR 4.00 X 0 0 0 ANTHONY WATTERS JR DIRECTOR 4.00 X 0 0 0 144502 0 0 1 0 0 0 0 1429584 1429584 3232 3232 1432816 0 0 3232 4500 4500 844354 408930 258131 177293 121842 60478 36189 25175 74412 3750 43583 27079 1594 776 488 330 54202 41919 7328 4955 21564 10501 6600 4463 9070 4417 2776 1877 48229 23486 14762 9981 5147 2506 1576 1065 CONTRACTORS 91621 51661 39960 PROGRAMMATIC INVESTMENT 69043 69043 STRATEGIC INITIATIVES 63591 63591 PROFESSIONAL DEVEPLOPME 9297 3066 6231 7472 1170 3377 2925 1425938 698133 432702 295103 542796 714368 698644 507578 30475 101786 4266 144686 129829 63086 14857 1335001 1342855 37884 38860 37884 38860 X 533834 674080 763283 629915 1297117 1303995 1335001 1342855 6878 0 X X 0 1 X 1 0 X 845704 720897 1200720 1408414 1429584 5605319 80000 40000 120000 43608 43608 845704 844505 1240720 1408414 1429584 5768927 524334 434000 924981 936288 808620 3628223 0 524334 434000 924981 936288 808620 3628223 2140704 1546 133 357 8797 3232 14065 1546 133 357 8797 3232 14065 847250 844638 1241077 1417211 1432816 5782992 0.37020 0.41460 0.00240 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 144686 129829 14857 14857 X 2562066 1129250 1129250 1432816 0 1432816 2555188 1129250 1129250 1425938 0 1425938 PART X, LINE 2: THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED JUNE 30, 2024. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS FURNISHED TO THE BOARD MEMBERS AT THEIR MONTHLY MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS DETERMINED BY BOARD MEMBERS AFTER REVIEWING COMPARABLE DATA FROM OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY WRITTEN REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE IN OVERSIGHT PROCESS. IGNITE CAPITAL INC 1400 GREEMOUNT AVENUE BALTIMORE MD 21202 844893203 EMPOWER BALT SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITIES MD 501(C)(3) LINE 12A, I 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 IGNITE CAPITAL O 155794 ACTUAL COSTS IGNITE CAPITAL Q 21915 ACTUAL COSTS