Ideaworks Inc
- Assets
- $29.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-0579356
Organization Overview
Ideaworks Inc is located in Portland, OR. The organization was established in 2014. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ideaworks Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ideaworks Inc generated $110.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $94.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RENTED A SPACE TO HOUSE ASPIRING ARTISTS, CRAFTERS AND MAKERS.BEGAN HAVING ARTIST MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nickolas Harbar President | 0 | $0 | |
Mary Ann Willis Secretary | 0 | $0 | |
Cristal French Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,843 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,843 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,274 |
| Professional fees and other payments to independent contractors | $6,267 |
| Occupancy, rent, utilities, and maintenance | $56,326 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,705 |
| Total expenses | $94,572 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,371 |
| Other assets | $0 |
| Total assets | $29,184 |
| Total liabilities | $10,915 |
| Net assets or fund balances | $18,269 |