Ignite Innovation Technology Foundation
- Assets
- $23.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- Data as of
- 12/2021
- EIN
- 85-0962837
Organization Overview
Ignite Innovation Technology Foundation is located in Miami Beach, FL. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ignite Innovation Technology Foundation 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, Ignite Innovation Technology Foundation generated $154.3k in total revenue. All expenses for the organization totaled $134.8k during the year ending 12/2021. While expenses have increased by 85.7% per year over the past 2 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,320 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,323 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $101,037 |
| Occupancy, rent, utilities, and maintenance | $10,980 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,734 |
| Total expenses | $134,751 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,572 |
| Other assets | $0 |
| Total assets | $23,572 |
| Total liabilities | $4,000 |
| Net assets or fund balances | $19,572 |
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