Nonprofit · EIN 82-3417166
INNOVATION WORKS INC
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,843,894 | $1,742,514 | $101,380 | $2,077,307 | $544,816 | $1,532,491 |
| June 30, 2024 | 990 | $1,432,816 | $1,425,938 | $6,878 | $1,342,855 | $38,860 | $1,303,995 |
| June 30, 2023 | 990 | $1,417,211 | $1,280,042 | $137,169 | $1,335,001 | $37,884 | $1,297,117 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,826,752
- Program service revenue
- $0
- Investment income
- $17,142
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $179,700
- Other salaries and wages
- $845,404
- Salaries, compensation and benefits (total)
- $1,158,047
- Professional fundraising fees
- $0
- Occupancy
- $32,028
- Travel
- $6,390
- Depreciation
- $8,262
- Program services (functional)
- $1,007,336
- Management and general (functional)
- $460,704
- Fundraising (functional)
- $274,474
Balance sheet and other
- Total assets, start of year
- $1,342,855
- Total assets, end of year
- $2,077,307
- Total liabilities, end of year
- $544,816
- Net assets, end of year
- $1,532,491
- Land, buildings and equipment
- $6,595
- Net assets without donor restrictions
- $353,674
- Net assets with donor restrictions
- $1,178,817
- Gross receipts
- $1,843,894
- Employees
- 14
- Volunteers
- 80
- Year formed
- 2017
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| A JAY NWACHU | CEO Officer | 40 | $144,502 | $24,507 |
| DAN RIZZO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DR FRANK LANCE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| FRANCIS KNOTT | DIRECTOR Trustee or director | 14 | $0 | $0 |
| JIM PETERSON JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
| NATASHA M DARTIGUE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| NKENGE YASIN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| PAMELA ROUSSOS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| REV GREGORY CHISHOLM SJ | DIRECTOR Trustee or director | 4 | $0 | $0 |
| RUSSELL JOYNER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SABRINA DEPESTRE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| STEPHEN ABRAMS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| TINA RODRIGUEZ | BOARD CHAIR Trustee or director | 4 | $0 | $0 |
| NICK NAPOLITANO | VICE CHAIR Trustee or director | 4 | $0 | $0 |
| ANTHONY WATTERS JR | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A JAY NWACHU | CEO Trustee or director, Officer | 40 | $144,502 |
| DAN RIZZO | PRESIDENT Trustee or director, Officer | 4 | $0 |
| DR FRANK LANCE | DIRECTOR Trustee or director | 4 | $0 |
| FRANCIS KNOTT | DIRECTOR Trustee or director | 14 | $0 |
| JIM PETERSON JR | DIRECTOR Trustee or director | 4 | $0 |
| NATASHA M DARTIGUE | DIRECTOR Trustee or director | 4 | $0 |
| NKENGE YASIN | DIRECTOR Trustee or director | 4 | $0 |
| PAMELA ROUSSOS | DIRECTOR Trustee or director | 4 | $0 |
| REV GREGORY CHISHOLM SJ | DIRECTOR Trustee or director | 4 | $0 |
| RUSSELL JOYNER | DIRECTOR Trustee or director | 4 | $0 |
| SABRINA DEPESTRE | DIRECTOR Trustee or director | 4 | $0 |
| STEPHEN ABRAMS | DIRECTOR Trustee or director | 4 | $0 |
| TERRENCE M SAWYER | DIRECTOR Trustee or director | 4 | $0 |
| TINA RODRIGUEZ | VICE - PRESIDENT Trustee or director, Officer | 4 | $0 |
| NICK NAPOLITANO | TREASURER Trustee or director, Officer | 4 | $0 |
| JOHN BUSSE | DIRECTOR Trustee or director | 4 | $0 |
| ANTHONY WATTERS JR | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| A JAY NWACHU | PRESIDENT AND CEO Trustee or director, Officer | 40 | $131,389 |
| DAN RIZZO | CHAIRPERSON Trustee or director | 4 | $0 |
| DR FRANK LANCE | DIRECTOR Trustee or director | 4 | $0 |
| FRANCIS KNOTT | DIRECTOR Trustee or director | 14 | $0 |
| JIM PETERSON JR | DIRECTOR Trustee or director | 4 | $0 |
| NATASHA M DARTIGUE | DIRECTOR Trustee or director | 4 | $0 |
| NKENGE YASIN | DIRECTOR Trustee or director | 4 | $0 |
| PAMELA ROUSSOS | DIRECTOR Trustee or director | 4 | $0 |
| REV GREGORY CHISHOLM SJ | DIRECTOR Trustee or director | 4 | $0 |
| RUSSELL JOYNER | DIRECTOR Trustee or director | 4 | $0 |
| SABRINA DEPESTRE | DIRECTOR Trustee or director | 4 | $0 |
| STEPHEN ABRAMS | DIRECTOR Trustee or director | 4 | $0 |
| TERRENCE M SAWYER | DIRECTOR Trustee or director | 4 | $0 |
| TINA RODRIGUEZ | VICE CHAIR Trustee or director | 4 | $0 |
| NICK NAPOLITANO | DIRECTOR Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 GREENMOUNT AVE B01, BALTIMORE, MD 21202-5684
- In care of
- % FRANCIS J KNOTT
- Principal officer (990 for 2024)
- A JAY NWACHU, 1400 GREENMOUNT AVE STE B01, BALTIMORE, MD 21202
- Signed the 990
- A JAY NWACHU, CEO
- Phone
- (410) 921-1035
- Website
- WWW.IWBMORE.ORG
- Return prepared by
- UHY ADVISORS MID-ATLANTIC INC
Mission
THE CORPORATION WILL DEVELOP SUSTAINABLE NEIGHBORHOOD ECONOMIES IN DEPRESSED AREAS BY: IGNITING INTEREST IN SUSTAINABLE SOCIAL ENTERPRISE, HELPING INDIVIDUALS TRANSFORM CHALLENGES INTO OPPORTUNITIES, CREATING SUSTAINABLE SOCIAL ENTERPRISES, GROWING FAMILY WAGE JOBS, AND SCALING LOCAL SOLUTIONS TO NATIONAL MARKETS. TRAINING AND DEVELOPING ENTREPRENEURS WILL BE A TOP PRIORITY THROUGH PROGRAMMING AND EDUCATION.
Program accomplishments
- SOCIAL ENTERPRISE DEVELOPMENT PIPELINEExpenses $579,141
- STRATEGIC INITIATIVES, FOCUSED ON SECTOR-BASED ECONOMIC DEVELOPMENT.Expenses $100,591
- PROGRAM SUPPORT CONTRACTS, FOR ORGANIZATIONAL CAPACITY DEVELOPMENT INCLUDING CURRICULUM DEVELOPMENT AND IMPACT DATA MEASUREMENT.Expenses $327,604
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3417166
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $2,077,307
- Income (IRS master file)
- $1,843,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,843,894 | $1,742,514 | $2,077,307 | IRS |
| 990 | June 2024 | $1,432,816 | $1,425,938 | $1,342,855 | IRS |
| 990 | June 2023 | $1,417,211 | $1,280,042 | $1,335,001 | XML |
| 990 | June 2022 | $1,241,077 | $965,386 | $1,246,839 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3417166).
Questions about INNOVATION WORKS INC
- What is the EIN of INNOVATION WORKS INC?
- The employer identification number (EIN) of INNOVATION WORKS INC is 82-3417166.
- Is INNOVATION WORKS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INNOVATION WORKS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION WORKS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNOVATION WORKS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATION WORKS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INNOVATION WORKS INC?
- The 990 for the year ended June 30, 2025 names A JAY NWACHU.
- Who are the officers and directors of INNOVATION WORKS INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $144,502 (A JAY NWACHU, CEO).
- How much revenue does INNOVATION WORKS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,843,894, expenses of $1,742,514 and total assets of $2,077,307 at year end.
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All nonprofits in BALTIMORE · Maryland · Community improvement and capacity building