Overview
What is Ideafor Inc?
Ideafor Inc is a supporting organization located at 401 E MCMILLAN ST, Cincinnati, OH 45206. Its primary mission is to empower young people and families by providing a continuum of care that fosters healing and growth. This nonprofit organization plans to support Lighthouse Youth Services by financing and rehabilitating a building, which will serve as a shelter for homeless young individuals and offer related office space. Ideafor Inc's activities aim to advance Lighthouse Youth Services' objectives and ultimately contribute to the overall well-being and success of young people and their families.
Is Ideafor Inc legitimate?
Ideafor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ideafor Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ideafor Inc?
Ideafor Inc's mission is centered around empowering young people and families to thrive. This is accomplished through a continuous care system that fosters healing and growth. The organization supports or carries out activities aimed at promoting the objectives of Lighthouse Youth Services, which includes providing shelter for homeless young individuals and offering office space related to Lighthouse Youth Services' purposes. Additionally, Ideafor Inc may loan funds to finance and rehabilitate a building for these purposes.
Who is the CEO of Ideafor Inc?
Thuy Kolik is the Chair of Ideafor Inc. The CEO's salary of Ideafor Inc is $0 and their total compensation is $283,358.
What is the revenue of Ideafor Inc?
Ideafor Inc's revenue in 2023 was $109,810.
Who are the executives of Ideafor Inc and what are their salaries?
There 6 volunteers at Ideafor Inc.
Here are 11 key members and their salaries (Ideafor Inc's CEO's salary is $0 and their total compensation is $283,358):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $245,770
- Other: $37,588
- Compensation: $0
- Related: $167,803
- Other: $34,154
- Compensation: $0
- Related: $155,384
- Other: $18,631
- Compensation: $0
- Related: $148,409
- Other: $17,657
Where can I find the form 990 for Ideafor Inc?
Ideafor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ideafor Inc
IdeaFor Inc, a nonprofit organization, is committed to empowering young people and families to succeed. Their mission is to provide a continuum of care that fosters healing and growth. This mission is accomplished by supporting activities, functions, or purposes similar to those of Lighthouse Youth Services, Inc. In addition, IdeaFor Inc loans funds to finance and rehabilitate a building that Lighthouse Youth Services will use for providing shelter to homeless young people and office space directly related to Lighthouse Youth Services' purposes. This initiative by IdeaFor Inc aims to provide a supportive environment where young individuals and families can heal and grow, ultimately setting them up for success.
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Impact
October, 2024
Ideafor Inc. plays a significant role in empowering young people and families in Cincinnati, Ohio, by providing a comprehensive continuum of care that fosters healing and personal growth. By supporting activities that ensure access to essential services, Ideafor Inc. directly contributes to the well-being of vulnerable populations, particularly the homeless youth.
A critical component of their impact involves financing and rehabilitating buildings that serve multiple purposes—offering shelter for homeless young people and creating office space for Lighthouse Youth Services. This not only addresses immediate housing needs but also facilitates the delivery of vital support services aimed at aiding young individuals in their journey to stability and self-sufficiency.
Through its mission, Ideafor Inc. effectively creates a nurturing environment where young people and families can thrive, reinforcing personal empowerment and resilience. Their commitment to building a holistic support system ensures that the communities they serve are better equipped to overcome challenges and achieve lasting success, ultimately fostering a healthier and more stable society.
This information is meant to be a general summary of Ideafor Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $109,810
- Gross Receipts: $109,810
Assets and Liabilities:
- Total Assets: $6,207,253
- Total Liabilities: $439,464
- Net Assets: $5,767,789
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Organization Details
Founding Year
2017
Phone
(513) 487-7106Principal Officer
Thuy Kolik
Main Address
401 E MCMILLAN ST, CINCINNATI, OH, 45206
NTEE Category
Code: L11 - Housing
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