EIN 82-2863800

Ignite Technology and Innovation

Name: Ignite Technology and Innovation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Chicago

State

Illinois

Year formed

2018

Most recent tax filings

2022-12-01

NTEE code, primary

S43: Management Services for Small Business, Entrepreneurs

Description

Ignite Technology and Innovation aims to create equitable wealth and share prosperity in under-resourced communities through the development of affordable, accessible coffee and co-working spaces enriched with classes and programs. Ignite serves as a business incubator and technology center to assist existing and new businesses in economically depressed areas. Its target markets are low-income communities, enterprise zones, and opportunity areas. Ignite is located in Chicago, IL.

Total revenues

$502,508

2022

Total expenses

$511,356

2022

Total assets

$119,050

2022

Num. employees

2022

Program areas at Ignite Technology and Innovation

Ignite's Technology co-working space serving as a business incubator and Technology center to assist existing and new businesses located in economically depressed or blighted areas. Ignite's target markets are low income community, enterprise zones and opportunity zones, which are intended to encourage investment in distressed area with a specigic focus of new and start up businesses that further the mission of economic development.

Who funds Ignite Technology and Innovation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Women's Business Development Center (WBDC)	2023-06	Small Business Assistance Grants	$15,000

Personnel at Ignite Technology and Innovation

Name	Title	Compensation	Date of data
Nikki Bravo	Executive Director	$0	2024-02-09
Tracy G Powell	President and Chairman / President and Chaiman	$0	2022-12-31

Financials for Ignite Technology and Innovation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$80,470	$81,244	-1%
Program services	$422,038	$490,892	-14%
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$641	-100%
Total revenues	$502,508	$572,777	-12.3%

Form 990s for Ignite Technology and Innovation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2024-02-09	990	View PDF
2022-12	2023-11-15	990	View PDF
2021-12	2024-01-28	990	View PDF
2020-12	2021-11-17	990	View PDF
2020-12	2021-07-13	990	View PDF
...and 2 more Form 990s

Organizations like Ignite Technology and Innovation

Organization	Type	Location	Revenue
Venture Noire Inc Venture Noire	501(c)(3)	Bentonville, AR	$1,458,170
Develop America	501(c)(3)	Shorewood, WI	$845,550
The Start Center for Entrepreneurship	501(c)(3)	Omaha, NE	$332,318
Business Development Centre	501(c)(3)	Lynchburg, VA	$281,408
Microenterprise Collaborative of Inland Southern California	501(c)(3)	Fontana, CA	$187,555
Co-Op Ed Center NFP	501(c)(3)	Oak Park, IL	$185,270
Mission Community Services Corporation	501(c)(3)	San Luis Obispo, CA	$1,690,005
Startingblock Madison	501(c)(3)	Madison, WI	$1,136,624
North Mississippi Enterprise Initiative	501(c)(3)	Oxford, MS	$372,077
Virginia Highlands Small Business Incubator	501(c)(3)	Abingdon, VA	$430,604

Data update history

December 29, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 24, 2023

Used new vendors

Identified 1 new vendor, including

August 8, 2023

Posted financials

Added Form 990 for fiscal year 2020

May 14, 2023

Received grants

Identified 1 new grant, including a grant for $15,000 from Chicago Urban League

November 12, 2021

Updated personnel

Identified 1 new personnel

Nonprofit Types

Business and community development organizationsFamily service centersCharities

Issues

HealthDiseases and disordersEconomic developmentBusiness and industry

Characteristics

MembershipsManagement and technical assistanceTax deductible donations

General information

Address: 2150 S Canalport; Chicago, IL 60608
Metro area: Chicago-Naperville-Elgin, IL-IN-WI
County: Cook County, IL
Phone: (773) 405-8834

IRS details

EIN: 82-2863800
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2018
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary: 624190: Individual and Family Services
Parent/child status: Independent

Blog articles

Free account sign-up

Want updates when Ignite Technology and Innovation has new information, or want to find more organizations like Ignite Technology and Innovation?

Create free Cause IQ account

Ignite Technology and Innovation

Program areas at Ignite Technology and Innovation

Who funds Ignite Technology and Innovation

Personnel at Ignite Technology and Innovation

Financials for Ignite Technology and Innovation

Form 990s for Ignite Technology and Innovation

Organizations like Ignite Technology and Innovation

Nonprofits

Product

Customers

About