Inner City Innovators Inc
- Assets
- $241.1k
- Revenue
- $364.9k
- Investments
- $0.0
- Employees
- 9
- Location
- West Palm Beach, FL
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-3809173
Organization Overview
Inner City Innovators Inc is located in West Palm Beach, FL. The organization was established in 2017. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Inner City Innovators Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inner City Innovators Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Inner City Innovators Inc generated $364.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $277.7k during the year ending 12/2021. While expenses have increased by 41.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INNER CITY INNOVATORS, INC. (ICI) IS COMMITTED TO BREAKING THE PERPETUAL CYCLE OF YOUTH DELINQUENCY AND GUN VIOLENCE IN THE INNER CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE DEALER MENTORING - AN INTENSIVE MENTORING PROGRAM FOR YOUNG MEN AGED 13-21 WHO RESIDE IN COMMUNITIES OF CONCENTRATED VIOLENCE. THE PROGRAM FOCUSES ON LEADERSHIP DEVELOPMENT, SOCIAL/EMOTIONAL LEARNING, AND COMMUNITY SERVICE. WE GIVE AT-RISK YOUTH THE TOOLS THEY NEED TO BE PRODUCERS OF HOPE INSTEAD OF PRODUCTS OF THEIR ENVIRONMENT. DURING 2021, WE ADDED A RIVIERA BEACH LOCATION FOR PROGRAMMING IN ADDITION TO OUR HOME-BASE WEST PALM BEACH LOCATION. WE ALSO LAUNCHED THE HOPE DEALER WELLNESS PROGRAM, WHICH FEATURES YOGA AND MEDITATION SESSIONS FOR MENTEES ALONG WITH A MORE HOLISTIC WELLNESS-FOCUSED CURRICULUM, INCLUDING EDUCATION ON NUTRITION AND MENTAL HEALTH.
LADY HOPE DEALER MENTORING PROGRAM - THIS PROGRAM LAUNCHED IN JANUARY OF 2021 AND PROVIDES THE SAME INTENSIVE MENTORING TO GIRLS AND YOUNG WOMEN AGED 10-21. LIKE THE HOPE DEALER MENTORING PROGRAM, THIS PROGRAM INCORPORATES VARIOUS COMPONENTS, INCLUDING SESSIONS ON WELLNESS, FINANCIAL LITERACY, CAREER DEVELOPMENT, GOAL SETTING, AND SELF-REGULATION.
COMMUNITY ENGAGEMENT ACTIVITIES - BROUGHT AWARENESS OF THE CONSEQUENCES OF CLIQUE/GANG VIOLENCE TO YOUTH ALREADY INVOLVED OR AT RISK OF BEING INVOLVED IN GANGS. WE WALK THE STREETS TO GIVE YOUTH HANDOUTS CONTAINING INFORMATION ON HOW THEY CAN STAY CONNECTED TO OUR ORGANIZATION AND OTHER MATERIAL WE FEEL WOULD HELP YOUTH REDUCE THEIR LIKELIHOOD OF PERPETRATING OR BEING VICTIMIZED BY GUN VIOLENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Aiken Executive Director | Officer | 45 | $59,866 |
Moeti Ncube Interim Treasurer Effect 10 | OfficerTrustee | 2 | $0 |
Allegra Fung Vice Chair | OfficerTrustee | 5 | $0 |
Tom Copeland Board Chair | OfficerTrustee | 5 | $0 |
Jessica Anderson Secretary | OfficerTrustee | 2 | $0 |
Andy Arnold Treasurer 040621 - 08202 | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,589 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,828 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,417 |
| Total Program Service Revenue | $0 |
| Investment income | $466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,364 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,866 |
| Compensation of current officers, directors, key employees. | $5,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,352 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $550 |
| Office expenses | $16,686 |
| Information technology | $7,581 |
| Royalties | $0 |
| Occupancy | $10,853 |
| Travel | $5,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,794 |
| Insurance | $9,806 |
| All other expenses | $5,335 |
| Total functional expenses | $277,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,844 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $5,923 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,513 |
| Net Land, buildings, and equipment | $15,138 |
| Investments—publicly traded securities | $74,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $241,099 |
| Accounts payable and accrued expenses | $1,238 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,238 |
| Net assets without donor restrictions | $239,861 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $241,099 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Inner City Innovators Inc has recieved totaling $162,239.
| Awarding Organization | Amount |
|---|---|
Everytown For Gun Safety Support Fund Inc New York, NY PURPOSE: COMMUNITY GUN VIOLENCE PREVENTION GRANT TO ORGANIZATIONS WORKING TO REDUCE GUN VIOLENCE IN THEIR COMMUNITIES | $100,000 |
Morton & Barbara Mandel Family Foundation Cleveland, OH PURPOSE: PROJECT SUPPORT | $50,000 |
United Way Of Palm Beach County Inc West Palm Beach, FL PURPOSE: Allocations to Agencies | $7,000 |
The Mary Hilem Taylor Foundation Boca Raton, FL PURPOSE: GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $239 |
Endowment Analysis
| Earnings | -$319 |
| Net Contributions | $75,000 |
| Ending Balance | $74,681 |
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|---|---|---|
Atlanta Downtown Improvement District Inc Atlanta, GA | $12,681,519 | $10,654,610 |
Tsic Inc Fort Lauderdale, FL | $7,431,299 | $8,528,938 |
Rodeheaver Boys Ranch Palatka, FL | $5,785,050 | $3,798,594 |
Impact Family Counseling Vestavia Hills, AL | $3,797,190 | $2,650,337 |
Better Basics Inc Birmingham, AL | $2,776,280 | $1,655,038 |
Vision Atlanta Inc Roswell, GA | $8,660,844 | $1,666,246 |
Unity Family Community Center Inc Williston, FL | $74,496 | $1,175,018 |
Truancy Intervention Project Georgia Inc Atlanta, GA | $1,286,321 | $881,310 |
Thaise Educational And Exposure Tours Inc Sarasota, FL | $209,383 | $578,301 |
Pinella County Sheriffs Police Athletic League Inc Saint Petersburg, FL | $1,846,264 | $770,289 |
Joy House Inc Jasper, GA | $2,203,561 | $806,863 |
Street Smart Youth Project Inc Atlanta, GA | $414,285 | $716,210 |