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← INNOVATIVE POVERTY SOLUTIONS

Form 990 for tax year 2023

Filed by INNOVATIVE POVERTY SOLUTIONS.

Totals

Total revenue
$708,093
Total expenses
$392,949
Contributions and grants received
$693,654
Grants paid
$0
Program service revenue
$0
Investment income
$14,439
Other revenue
$0
Total assets, end of year
$655,419
Total liabilities, end of year
$11,150
Net assets or fund balances, end of year
$644,269
Program services expenses (Part IX)
$311,227
Management and general expenses
$44,171
Fundraising expenses
$37,551
Program service expenses (Part III)
$311,227

Program services were 79.2% 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.

  • 1f · All other contributions, gifts and grants

    $693,654

  • 3 · Investment income

    total $14,439 · related or exempt $14,439

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $295,974 · program services $236,779 · management and general $29,598 · fundraising $29,597

  • 11e · Fees: professional fundraising services

    total $499 · fundraising $499

  • 11g · Fees: other

    total $4,488 · program services $3,491 · management and general $997

  • 12 · Advertising and promotion

    total $4,337 · fundraising $4,337

  • 13 · Office expenses

    total $10,303 · program services $4,802 · management and general $4,401 · fundraising $1,100

  • 16 · Occupancy

    total $18,912 · program services $15,130 · management and general $3,782

  • 17 · Travel

    total $5,701 · program services $5,701

  • 23 · Insurance

    total $2,705 · management and general $2,705

  • 24a · Other expenses: Big View Program Expenses

    total $11,315 · program services $11,315

  • 24b · Other expenses: Childrens Program Expenses

    total $1,421 · program services $1,421

  • 24c · Other expenses: Circles Program Expenses

    total $23,986 · program services $23,986

  • 24d · Other expenses: Training and Development

    total $11,652 · program services $8,156 · management and general $2,331 · fundraising $1,165

  • 24e · All other expenses

    total $1,656 · program services $446 · management and general $357 · fundraising $853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,406 · end of year $21,494

  • 2 · Savings and temporary cash investments

    end of year $633,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,434 · end of year $11,150

  • 27 · Net assets without donor restrictions

    beginning of year $328,972 · end of year $485,599

  • 28 · Net assets with donor restrictions

    end of year $158,670

Mission and programs · 2023

Mission

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.

  • Circles NWA provided mentorship and connections to community resources for families and provided poverty reduction training for community members.

    Expenses $209,947

  • Big View Program provided non-partisan 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.

    Expenses $101,280

As filed on the 2023 return.

Listed in Part VII

  • Khalid Ahmadzai

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lynette Washington

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Christina Williams

    Executive Director

    Total calculated
    $0
    Hours/week
    40
  • Erica Lattanzo

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Mariah Green

    President

    Total calculated
    $0
    Hours/week
    1
  • Sara Bishop

    Secretary

    Total calculated
    $0
    Hours/week
    4
  • Ashlie Ivey

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349304069

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