EIN 82-3417166

Innovation Works

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
2017
Most recent tax filings
2023-06-01
Description
Innovation Works teaches marginalized communities how to build and own social enterprises that create sustainable neighborhoods, igniting sector-based economic development in Baltimore.
Total revenues
$1,417,211
2023
Total expenses
$1,280,042
2023
Total assets
$1,335,001
2023
Num. employees
12
2023

Program areas at Innovation Works

Social enterprise development pipeline
Program support contracts, for organizational capacity development including curriculum development and impact data measurement.
Strategic initiatives, focused on sector-based economic development.

Grants made by Innovation Works

GranteeGrant descriptionAmount
Black Arts DistrictGeneral Grant$5,000

Who funds Innovation Works

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$200,000
Harry & Jeanette Weinberg FoundationTo Support Innovation Works Efforts To Expand Economic Mobility Via Programs and Services That Connect Residents With Economic Opportunities in High Growth Areas.$125,000
The Bank of America Charitable FoundationProgram/operating Support$100,000
...and 19 more grants received totalling $1,083,133

Personnel at Innovation Works

NameTitleCompensation
A Jay NwachuPresident and Chief Executive Officer$131,389
Sally RatrieDirector - Operations and Culture / Director Operations and Culture
Lindsey HenleyDirector of Portfolio Operations Ignite Capital
Mark SieffertDirector of Development
Eric Johnson JrDirector of Programs
...and 11 more key personnel

Financials for Innovation Works

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,408,414
Program services$0
Investment income and dividends$8,797
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,417,211

Form 990s for Innovation Works

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-07-18990View PDF
2020-062021-02-26990View PDF
2019-062020-08-27990View PDF
...and 1 more Form 990
Data update history
December 22, 2024
Received grants
Identified 8 new grant, including a grant for $200,000 from JP Morgan Chase Foundation
July 17, 2024
Updated personnel
Identified 6 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 9, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from The Morris A and Clarisse B Mechanic Foundation
July 8, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsFamily service centersHeadquarter / parent organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
State / local levelManagement and technical assistanceCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1400 Greenmount Ave Ste B01
Baltimore, MD 21202
Metro area
Baltimore-Columbia-Towson, MD
County
Baltimore City, MD
Website URL
iwbmore.org/ 
Phone
(410) 921-1035
IRS details
EIN
82-3417166
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Central organization
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