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Nonprofiteer
← THE IDEA VILLAGE

Form 990 for tax year 2024

Filed by THE IDEA VILLAGE.

Totals

Total revenue
$2,138,746
Total expenses
$1,943,605
Contributions and grants received
$1,982,894
Grants paid
$294,318
Program service revenue
$151,820
Investment income
$4,032
Other revenue
$0
Total assets, end of year
$1,483,540
Total liabilities, end of year
$373,402
Net assets or fund balances, end of year
$1,110,138
Program services expenses (Part IX)
$1,598,741
Management and general expenses
$339,386
Fundraising expenses
$5,478
Program service expenses (Part III)
$1,598,741

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $865,602

  • 1f · All other contributions, gifts and grants

    $1,117,292

  • 2a · Program service revenue: SERVICE FEES

    total $120,852 · related or exempt $120,852

  • 2b · Program service revenue: PROGRAM FEES

    total $30,968 · related or exempt $30,968

  • 3 · Investment income

    total $4,032 · excluded $4,032

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $294,318 · program services $294,318

  • 5 · Compensation of officers, directors and key employees

    total $188,205 · program services $188,205

  • 6 · Compensation of disqualified persons

    total $571,301 · program services $513,248 · management and general $58,053

  • 8 · Pension plan contributions

    total $55,034 · management and general $55,034

  • 10 · Payroll taxes

    total $55,622 · program services $55,622

  • 11c · Fees: accounting

    total $34,862 · management and general $34,862

  • 11f · Fees: investment management

    total $44,786 · program services $44,786

  • 11g · Fees: other

    total $167,686 · program services $70,915 · management and general $96,771

  • 12 · Advertising and promotion

    total $3,880 · program services $3,880

  • 13 · Office expenses

    total $10,977 · program services $4,728 · management and general $4,537 · fundraising $1,712

  • 14 · Information technology

    total $24,767 · program services $7,795 · management and general $16,066 · fundraising $906

  • 16 · Occupancy

    total $119,447 · program services $110,488 · management and general $8,959

  • 17 · Travel

    total $24,809 · program services $2,755 · management and general $20,837 · fundraising $1,217

  • 22 · Depreciation, depletion and amortization

    total $2,389 · management and general $2,389

  • 23 · Insurance

    total $61,542 · program services $33,659 · management and general $27,883

  • 24a · Other expenses: EVENT EXPENSE

    total $250,737 · program services $248,235 · management and general $2,502

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $18,639 · program services $16,016 · management and general $1,280 · fundraising $1,343

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $14,604 · program services $4,091 · management and general $10,213 · fundraising $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,522 · end of year $528,099

  • 3 · Pledges and grants receivable

    beginning of year $61,000

  • 4 · Accounts receivable

    beginning of year $138,667 · end of year $191,206

  • 7 · Other notes and loans receivable

    beginning of year $185,455 · end of year $185,455

  • 12 · Investments: other securities

    beginning of year $200,000 · end of year $200,000

  • 14 · Intangible assets

    beginning of year $34,641 · end of year $32,252

  • 15 · Other assets

    beginning of year $116,500 · end of year $346,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,285 · end of year $22,003

  • 19 · Deferred revenue

    beginning of year $9,000

  • 24 · Unsecured notes and loans payable

    beginning of year $120,048

  • 25 · Other liabilities

    beginning of year $4,455 · end of year $351,399

  • 27 · Net assets without donor restrictions

    beginning of year $796,579 · end of year $1,110,138

  • 28 · Net assets with donor restrictions

    beginning of year $118,418 · end of year $0

Mission and programs · 2024

Mission

THE IDEA VILLAGE' IS A NON-PROFIT ORGANIZATION THAT FOCUSES ON DEVELOPING THE REGION'S STARTUP COMMUNITY THROUGH ACCELERATOR PROGRAMS, EVENTS, AND STRATEGIC INITIATIVES DESIGNED TO GROW THE REGION'S PIPELINE FOR INNOVATION.

Activities or mission (Part I)

OUR MISSION IS TO IDENTIFY, SUPPORT, AND RETAIN ENTREPRENEURIAL TALENT IN NEW ORLEANS AND THE SURROUNDING REGION.

  • DURING FY2025, THE IDEA VILLAGE DELIVERED ENTREPRENEURSHIP AND INNOVATION PROGRAMMING THAT SUPPORTED STARTUP FOUNDERS ACROSS LOUISIANA AND THE GULF SOUTH THROUGH IDEAINSTITUTE, VILLAGEX, AND THE 3RD COAST VENTURE SUMMIT. IDEAINSTITUTE PROVIDED FOUNDATIONAL ENTREPRENEURIAL TRAINING AND MENTORSHIP TO 144 FOUNDERS THROUGH WORKSHOPS AND ACCELERATOR PROGRAMMING FOCUSED ON BUSINESS DEVELOPMENT AND VENTURE READINESS. VILLAGEX SUPPORTED HIGH-GROWTH STARTUPS THROUGH INTENSIVE MENTORSHIP, STRATEGIC ADVISING, AND INVESTOR PREPARATION, WITH PARTICIPATING COMPANIES COLLECTIVELY RAISING APPROXIMATELY $3.5 MILLION IN CAPITAL, GENERATING MORE THAN 35 JOBS, AND PRODUCING $3.7 MILLION IN ANNUALIZED REVENUE GROWTH DURING THE FISCAL YEAR. THE ORGANIZATION ALSO HOSTED THE 3RD COAST VENTURE SUMMIT, CONVENING 193 ATTENDEES, INCLUDING 107 INVESTORS REPRESENTING 71 FIRMS AND 60 SELECTED STARTUPS, TO STRENGTHEN REGIONAL CONNECTIVITY, FACILIATE ACCESS TO CAPITAL, AND ADVANCE THE GULF SOUTH INNOVATION ECOSYSTEM.

    Expenses $1,598,741 · Grants $294,318 · Revenue $151,820

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MERRITT LANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL HINES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK COMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID DART

    FINANCE CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TI ADELAIDE MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS LAIBE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SIG GREENBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL HECHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULIAN HERBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JON ATKINSON

    PRESIDENT/CEO

    Total calculated
    $191,151
    From this org
    $188,205
    From related orgs
    $0
    Other
    $2,946
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,205
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,946
    Filer's total
    $191,151

  • DAVID BARKSDALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TARA HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CATHY ISAACSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • COOPER MANNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEN SCHNIDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MATT SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AIMEE QUIRK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBERT SAVOIE PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • MARIANNE VAN METER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTIAN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SALLY FORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALLEN SQUARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROBBERT VORHOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SOUMITRA SENGUPTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT WOLFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY MATALIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATIE LEGARDEUR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILL HALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER MCMILLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
28 May 2026
IRS schema version
2024v5.5
Source object
202601489349300310

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