Totals
- Total revenue
- $1,275,902
- Total expenses
- $2,074,801
- Contributions and grants received
- $1,191,431
- Grants paid
- $15,000
- Program service revenue
- $0
- Investment income
- $32,088
- Other revenue
- $52,383
- Total assets, end of year
- $1,285,508
- Total liabilities, end of year
- $62,122
- Net assets or fund balances, end of year
- $1,223,386
- Program services expenses (Part IX)
- $1,652,342
- Management and general expenses
- $250,670
- Fundraising expenses
- $171,789
- Program service expenses (Part III)
- $1,652,342
Program services were 79.6% 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)
$763,008
-
1f · All other contributions, gifts and grants
$428,423
-
3 · Investment income
total $32,088 · excluded $32,088
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$52,383
-
8c · Net income from fundraising events
total $52,383
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $157,984 · program services $63,194 · management and general $47,395 · fundraising $47,395
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,322,377 · program services $1,126,277 · management and general $108,635 · fundraising $87,465
-
8 · Pension plan contributions
total $31,164 · program services $25,040 · management and general $3,285 · fundraising $2,839
-
9 · Other employee benefits
total $121,445 · program services $97,581 · management and general $12,800 · fundraising $11,064
-
10 · Payroll taxes
total $125,399 · program services $100,758 · management and general $13,217 · fundraising $11,424
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $29,395 · management and general $29,395
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $38,236 · program services $21,752 · management and general $14,018 · fundraising $2,466
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $53,007 · program services $47,892 · management and general $3,855 · fundraising $1,260
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $10,133 · program services $4,053 · management and general $4,053 · fundraising $2,027
-
17 · Travel
total $56,129 · program services $50,191 · management and general $5,938
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,065 · program services $1,659 · management and general $218 · fundraising $188
-
23 · Insurance
total $0
-
24a · Other expenses: Miscellaneous
total $46,268 · program services $37,606 · management and general $4,731 · fundraising $3,931
-
24b · Other expenses: Student recruitment
total $40,838 · program services $40,838
-
24c · Other expenses: Postage, printing & promotion
total $17,384 · program services $13,968 · management and general $1,832 · fundraising $1,584
-
24d · Other expenses: Dues & publications
total $7,977 · program services $6,533 · management and general $1,298 · fundraising $146
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $163,836 · end of year $235,160
-
2 · Savings and temporary cash investments
beginning of year $1,168,543 · end of year $956,262
-
3 · Pledges and grants receivable
beginning of year $740,000 · end of year $55,000
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $34,627 · end of year $36,746
-
10a · Land, buildings and equipment: cost or other basis
$199,812
-
10b · Land, buildings and equipment: accumulated depreciation
$197,472
-
10c · Land, buildings and equipment, net
beginning of year $4,405 · end of year $2,340
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $89,126 · end of year $62,122
-
27 · Net assets without donor restrictions
beginning of year $1,652,285 · end of year $1,143,386
-
28 · Net assets with donor restrictions
beginning of year $370,000 · end of year $80,000
Mission and programs · 2023
Mission
The mission of The Ingenuity Project is to prepare and launch the next diverse generation of nationally competitive STEM (Science, Technology, Engineering and Mathematics) leaders from Baltimore City Public Schools.
-
The Ingenuity Project is a comprehensive, advanced math, science, and research instructional program for students in grades six through twelve with more than 25 years of positive, demonstrated student achievement outcomes. The program identifies, recruits, and supports gifted and advanced students who represent Baltimore City. Ingenuity's curriculum is developed by experienced teachers with backgrounds in STEM. Through a unique high school research practicum, students conduct independent investigations into topics of interest, with research mentors who guide their pursuit of scientific and technological discoveries. Alumni enroll in some of the nations' most competitive colleges and enter STEM careers.
Expenses $1,652,342 · Grants $15,000
As filed on the 2023 return.
Listed in Part VII
-
Lisette Morris
Executive Dir.
- Total calculated
- $160,767
- From this org
- $153,922
- From related orgs
- $0
- Other
- $6,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,922
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $6,845
- Filer's total
- $160,767
-
Kathy Bacon
Middle School Dir.
- Total calculated
- $118,345
- From this org
- $103,873
- From related orgs
- $0
- Other
- $14,472
- Hours/week
- 40
-
Selene Willis
Deputy Dir., HS
- Total calculated
- $112,543
- From this org
- $105,869
- From related orgs
- $0
- Other
- $6,674
- Hours/week
- 40
-
Jaime Arribas Starkey-El
Director
- Total calculated
- $0
- Hours/week
- 3
-
Maxwell Eblaghie PhD
Director
- Total calculated
- $0
- Hours/week
- 3
-
Taylor Beckham Esq
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ariel Bowers
Chairman
- Total calculated
- $0
- Hours/week
- 3
-
Joshua Barnes
Director
- Total calculated
- $0
- Hours/week
- 3
-
Torin Caverly
Director
- Total calculated
- $0
- Hours/week
- 3
-
Tya Kelly
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Jenny Lindvall MSC PMP
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Michael Hinkey
Co-Chair
- Total calculated
- $0
- Hours/week
- 3
-
Camille Blake Fall Esq
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kia G Glaze
Director
- Total calculated
- $0
- Hours/week
- 3
-
Da'Kuwan Johnson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Maria Sanchez PhD
Director
- Total calculated
- $0
- Hours/week
- 3
-
Ayana Martin PhD
Director
- Total calculated
- $0
- Hours/week
- 3
-
Kevin Nelson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Megan Warren Esq
Director
- Total calculated
- $0
- Hours/week
- 3
-
Catherine D Patterson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Angela Venza
Director
- Total calculated
- $0
- Hours/week
- 3
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 · 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530629349300808
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