Nonprofit · EIN 84-4893203
IGNITE CAPITAL INC
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $765,308 | $440,396 | $324,912 | $5,002,991 | $4,630,965 | $372,026 |
| June 30, 2024 | 990 | $283,280 | $199,751 | $83,529 | $3,315,853 | $3,092,530 | $223,323 |
| December 31, 2023 | 990 | $263,432 | $326,646 | -$63,214 | $2,460,361 | $2,320,567 | $139,794 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $731,521
- Program service revenue
- $0
- Investment income
- $33,787
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $53,550
- Other salaries and wages
- $180,640
- Salaries, compensation and benefits (total)
- $180,640
- Professional fundraising fees
- $25,000
- Legal fees
- $6,050
- Accounting fees
- $11,108
- Program services (functional)
- $384,289
- Management and general (functional)
- $23,107
- Fundraising (functional)
- $33,000
Balance sheet and other
- Total assets, start of year
- $3,315,853
- Total assets, end of year
- $5,002,991
- Total liabilities, end of year
- $4,630,965
- Net assets, end of year
- $372,026
- Net assets without donor restrictions
- $372,026
- Gross receipts
- $765,308
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAY NWACHU | CEO Officer | 16 | $0 | $144,502 | $24,507 |
| PATTI CHANDLER | CHAIRMAN & TREASURER Trustee or director | 4 | $0 | $0 | $0 |
| MURRAY DALZIEL | SECRETARY Trustee or director | 4 | $0 | $0 | $0 |
| RICHARD MCGOWAN SJ | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAN RIZZO | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| BREE JONES | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| MARY ANN SCULLY | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| CARRIE MCKELLOGG | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| AL GOURRIER | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DANIELLE TORAIN-VICTOR | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATTI CHANDLER | CHAIRMAN Trustee or director | 4 | $0 |
| MURRAY DALZIEL | DIRECTOR Trustee or director | 4 | $0 |
| FR RICHARD MCGOWAN | DIRECTOR Trustee or director | 4 | $0 |
| DAN RIZZO | DIRECTOR Trustee or director | 4 | $0 |
| BREE JONES | DIRECTOR Trustee or director | 4 | $0 |
| MARY ANN SCULLY | DIRECTOR Trustee or director | 4 | $0 |
| CARRIE MCKELLOG | DIRECTOR Trustee or director | 4 | $0 |
| JAY NWACHU | PRESIDENT Officer | 16 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAY NWACHU | PRESIDENT Officer | 16 | $0 | $134,085 | $19,116 |
| PATTI CHANDLER | CHAIRMAN Trustee or director | 4 | $0 | $0 | $0 |
| MURRAY DALZIEL | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| FR RICHARD MCGOWAN | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| DAN RIZZO | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| BREE JONES | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| MARY ANN SCULLY | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 GREENMOUNT AVE B01, BALTIMORE, MD 21202-5684
- Principal officer (990 for 2024)
- JAY NWACHU, 1400 GREENMOUNT AVE B01, BALTIMORE, MD 21202
- Signed the 990
- JAY NWACHU, CEO
- Phone
- (410) 371-4722
- Website
- WWW.IGNITECAPITAL.ORG
- Return prepared by
- UHY ADVISORS MID-ATLANTIC INC
Mission
IGNITE CAPITAL IS A SOCIAL IMPACT FUND WITH THE MISSION TO 1) EMPOWER AND RESOURCE BALTIMORE SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITITES, 2)SUPPORT THE OVERALL EFFORTS OF THESE SOCIAL ENTERPRISES TO ATTRACT FUTURE INVESTMENTS IN SUPPORT OF THEIR MISSION AND, 3) CONTRIBUTE TO ONGOING EFFORTS IN ENSURING BALTIMORE NEIGHBORHOODS ARE THRIVING SUSTAINABLY.
Program accomplishments
- EMPOWER AND RESOURCE BALTIMORE SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITIES.Expenses $384,289 · grants $53,550
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
- 84-4893203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,002,991
- Income (IRS master file)
- $765,308
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $765,308 | $440,396 | $5,002,991 | IRS |
| 990 | June 2024 | $283,280 | $199,751 | $3,315,853 | IRS |
| 990 | December 2023 | $263,432 | $326,646 | $2,460,361 | XML |
| 990 | December 2022 | $317,895 | $209,587 | $2,079,883 | IRS |
| 990 | December 2021 | $387,747 | $306,945 | $988,673 | IRS |
| 990 | December 2020 | – | – | – | 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 84-4893203).
Questions about IGNITE CAPITAL INC
- What is the EIN of IGNITE CAPITAL INC?
- The employer identification number (EIN) of IGNITE CAPITAL INC is 84-4893203.
- Is IGNITE CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IGNITE CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does IGNITE CAPITAL 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 IGNITE CAPITAL 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 IGNITE CAPITAL 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 IGNITE CAPITAL INC?
- The 990 for the year ended June 30, 2025 names JAY NWACHU.
- Who are the officers and directors of IGNITE CAPITAL INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does IGNITE CAPITAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $765,308, expenses of $440,396 and total assets of $5,002,991 at year end.
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