Inner City Innovators Inc
- Assets
- $290.2k
- Revenue
- $478.9k
- Investments
- $0.0
- Employees
- 7
- Location
- West Palm Beach, FL
- Founding
- 02/2017
- Data as of
- 12/2023
- 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 12/2023, Inner City Innovators Inc employed 7 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 12/2023, Inner City Innovators Inc generated $478.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $414.4k during the year ending 12/2023. While expenses have increased by 34.9% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE DEALER MENTORING PROGRAM WORKS WITH YOUNG MEN AGED 13-25 WHO RESIDE IN COMMUNITIES OF CONCENTRATED VIOLENCE AND DISADVANTAGE. THIS INTENSIVE MENTORING PROGRAM IS FOCUSED ON LEADERSHIP DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, AND COMMUNITY SERVICE. THE PROGRAM ACHIEVES ITS MAIN GOALS THROUGH INTERVENTIONS FOCUSED ON COGNITIVE BEHAVIORAL THERAPY, PERSONAL WELLNESS, FINANCIAL LITERACY, CAREER DEVELOPMENT, GOAL SETTING, AND SELF-REGULATION.THE PROGRAM MAKES AN IMMEASURABLE DIFFERENCE IN THE LIVES OF MENTEES, GIVING THEM STRUCTURE, SUPPORT, AND GUIDANCE AS THEY FIGHT TO OVERCOME THE PERVASIVE AND SYSTEMIC INJUSTICES THAT THREATEN TO HINDER THEIR SUCCESS.
LADY HOPE DEALER MENTORING PROGRAM - THE LADY HOPE DEALER MENTORING PROGRAM IS THE SISTER PROGRAM TO THE HOPE DEALER MENTORING PROGRAM AND WORKS WITH YOUNG WOMEN AGED 13-25 WHO RESIDE IN COMMUNITIES OF CONCENTRATED VIOLENCE AND DISADVANTAGE. LIKE THE HOPE DEALER MENTORING PROGRAM, THIS PROGRAM IS FOCUSEDON LEADERSHIP DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, AND COMMUNITY SERVICE.
COMMUNITY ENGAGEMENT - THROUGH OUR COMMUNITY ENGAGEMENT PROGRAMMING, MENTORS AND MENTEES ENGAGE WITH THE COMMUNITY THROUGH: (1) EXECUTING COMMUNITY ENGAGEMENT WALKS TO CONVEY THE CONSEQUENCES OF CLIQUE/GANG VIOLENCE AND RECRUIT NEW MENTEES (2) ATTENDING COMMUNITY MEETINGS (3) HOSTING COMMUNITY CONVERSATIONS THAT ENGAGE OUR COMMUNITY IN THE FIGHT FOR OUR FUTURE AND (4) HOSTING AND PARTICIPATING IN EVENTS IN THE COMMUNITIES WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Copeland Chair | OfficerTrustee | 5 | $0 |
Allegra Fung Vice Chair | OfficerTrustee | 5 | $0 |
Kelcie Lewis Treasurer | OfficerTrustee | 2 | $0 |
Jessica Anderson Secretary | OfficerTrustee | 2 | $0 |
Ronnie Perry Jr Member | Trustee | 2 | $0 |
Moeti Ncube Interim | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,196 |
| Total Program Service Revenue | $0 |
| Investment income | $1,690 |
| 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 | $478,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,974 |
| Compensation of current officers, directors, key employees. | $7,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,285 |
| Payroll taxes | $18,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,244 |
| Advertising and promotion | $8,576 |
| Office expenses | $2,273 |
| Information technology | $11,423 |
| Royalties | $0 |
| Occupancy | $20,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,795 |
| Insurance | $19,232 |
| All other expenses | $0 |
| Total functional expenses | $414,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,226 |
| Net Land, buildings, and equipment | $9,548 |
| Investments—publicly traded securities | $61,247 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,198 |
| Accounts payable and accrued expenses | $1,655 |
| 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 | $1,655 |
| Net assets without donor restrictions | $288,543 |
| 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 | $290,198 |