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Community Development : Housing and Neighborhood Development

The Idea Village

For entrepreneurs & those who believe in them.

three stars

84.52

900 Camp Street Suite 308
New Orleans, LA 70130
tel: (504) 291-2563   Web Site
EIN: 45-0470675

Board Leadership
Patrick Comer
Chairman

CEO
Jon Atkinson
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 84.52 three stars
  Financial 78.11 two stars
  Accountability & Transparency 100.00 four stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 2000, The Idea Village is a New Orleans based 501(c)3 nonprofit founded on the principle of supporting regional startups and the big thinkers that power them. They draw inspiration from the city they call home, and with the tremendous support of their team, mobilize a village of people who are relentlessly resourceful and committed to building successful companies.


To date, The Idea Village has provided over 12,450 entrepreneurs with more than $27 million in resources. Over 261 of these entrepreneurs have gone through their core accelerator program and 73% of those alumni companies are still in business today, having created a $178 million/year annual economic impact for the regional economy.

Founded in 2000, The Idea Village is a New Orleans based 501(c)3 nonprofit founded on the principle of supporting regional startups and the big thinkers that power them. They draw inspiration from the city they call home, and with the tremendous support of their team, mobilize a village of people who are relentlessly resourceful and committed to building successful companies.


To date, The Idea Village has provided over 12,450 entrepreneurs with more than $27 million in resources. Over 261 of these entrepreneurs have gone through their core accelerator program and 73% of those alumni companies are still in business today, having created a $178 million/year annual economic impact for the regional economy.

Impact Information

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Financial

two stars

78.11

Accountability & Transparency

four stars

100.00

This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.4%
  Administrative Expenses 13.7%
  Fundraising Expenses 7.8%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 0.16
  Program Expenses Growth -12.0%
  Liabilities to Assets 26.2%
All data for Financial Performance Metrics calculations was provided by The Idea Village on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Idea Village on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Idea Village (LA) 84.52 three stars
Hope Enterprise Corporation (MS) 88.78 three stars
Commonwealth (MA) 88.26 three stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.95 three stars
DreamSpring (NM) 92.92 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $740,494
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $740,494
   Program Service Revenue $0
Total Primary Revenue $740,494
   Other Revenue $11,239
TOTAL REVENUE $751,733
   
EXPENSES  
   Program Expenses $1,164,643
   Administrative Expenses $206,505
   Fundraising Expenses $217,095
TOTAL FUNCTIONAL EXPENSES $1,588,243
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-836,510
   
Net Assets $355,645

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-06 05/01/2020 84.52 three stars
2018-06 09/03/2019 82.67 three stars
2017-06 02/01/2019 94.54 four stars
2016-06 05/01/2018 92.52 four stars
2016-06 03/01/2018 89.58 three stars
2015-06 11/01/2016 86.34 three stars
2014-06 06/01/2016 87.73 three stars
 
CN 2.0
2014-06 11/01/2015 81.00 three stars
2013-06 10/01/2014 90.60 four stars
2012-06 07/01/2013 91.14 four stars
2010-12 10/01/2012 69.68 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 45-0470675
Name in IRS Master File THE IDEA VILLAGE
NTEE Code S40
NTEE Classification Business and Industry
NTEE Type Community Improvement, Capacity Building
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 2003
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$89,375 5.62% Sally Forman Acting CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Idea Village (LA) 84.52 three stars
Accion East (NY) 90.23 four stars
Opportunity Fund Community Development (CA) 90.13 four stars
Four Bands Community Fund (SD) 88.22 three stars
ACCION San Diego (CA) 94.74 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Idea Village
900 Camp Street
Suite 308
New Orleans, LA 70130
tel: (504) 291-2563
fax: (504) 304-3294
EIN: 45-0470675

Visit Web Site

Board Leadership

Patrick Comer
Chairman

CEO

Jon Atkinson
CEO

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