Innovative Poverty Solutions
- Assets
- $337.4k
- Revenue
- $423.4k
- Investments
- $0.0
- Employees
- 11
- Location
- Fayetteville, AR
- Founding
- Data as of
- 06/2023
- EIN
- 85-4267965
Organization Overview
Innovative Poverty Solutions is located in Fayetteville, AR. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Innovative Poverty Solutions employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Poverty Solutions 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 06/2023, Innovative Poverty Solutions generated $423.4k in total revenue. All expenses for the organization totaled $281.2k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP & IMPLEMENT COMMUNITY DRIVEN, INNOVATIVE SOLUTIONS TO ENDING POVERTY IN NW AR. OUR VISION IS A COMMUNITY COMMITTED TO REMOVING THE BARRIERS THAT KEEP PEOPLE IN POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIRCLES NWA PROVIDED MENTORSHIP AND CONNECTIONS TO COMMUNITY RESOURCES FOR FAMILIES AND PROVIDED POVERTY REDUCTION TRAINING FOR COMMUNITY MEMBERS.
BIG VIEW PROGRAM PROVIDED NON-PARTISIAN VOTER EDUCATION RESOURCES AND ASSISTANCE WITH VOTER REGISTRATION FOR UNDERSERVED POPULATIONS, FACILITATED COMMUNITY DIALOG BETWEEN DIVERSE GROUPS, AND ADVOCATED FOR IMPROVED COMMUNITY CONDITIONS FOR LOW-INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Williams Executive Director | Trustee | 40 | $64,883 |
Lynette Washington Board Member | Trustee | 3 | $0 |
Khalid Ahmadzai Board Member | Trustee | 1 | $0 |
Ashlie Ivey Treasurer | OfficerTrustee | 1 | $0 |
Mariah Green President | OfficerTrustee | 1 | $0 |
Sara Bishop Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $423,184 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,354 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $423,354 |
| 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. | $64,883 |
| Compensation of current officers, directors, key employees. | $16,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,239 |
| Payroll taxes | $12,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $258 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32 |
| Advertising and promotion | $3,738 |
| Office expenses | $6,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,675 |
| Travel | $2,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,078 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,570 |
| All other expenses | $0 |
| Total functional expenses | $281,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $337,406 |
| Accounts payable and accrued expenses | $8,434 |
| 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 | $8,434 |
| Net assets without donor restrictions | $328,972 |
| 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 | $337,406 |