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Idea Works Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823865130 ✦ Mansfield, OH ✦ Designated as a 501(c)(3)

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Overview

What is Idea Works Inc?

Idea Works Inc, located at 40 WEST 4TH STREET, Mansfield, OH 44902, is a small, dedicated nonprofit organization with a mission to empower aspiring entrepreneurs of all ages. They achieve this by providing a nurturing environment, filled with educational resources, mentorship opportunities, and a shared workspace community. This supportive network aims to become a significant hub for entrepreneurial growth, helping new businesses to flourish and existing ones to advance. Idea Works Inc's ultimate goal is to contribute to the thriving entrepreneurial ecosystem, fostering innovation and development in the community.


Official website here: www.ideaworksohio.com

What do the Facebook reviews say about Idea Works Inc?

78% of the two reviewers on Facebook recommend Idea Works Inc. Here's a summary of their input:

The feedback highlights a strong appreciation for the nonprofit's impact within Richland County, with one review emphasizing it as a "true gem." This indicates a positive reception among those familiar with the organization.

While the number of reviews is limited, the enthusiasm expressed suggests that Idea Works Inc is recognized for its valuable services and contributions to the community. Overall, there seems to be a sense of pride and support for the organization's mission.


This AI summary has been generated from reviews found on Facebook.

Is Idea Works Inc legitimate?

Idea Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idea Works 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: $81,891

For more financial information, click here


Official website here: www.ideaworksohio.com

What is the mission statement of Idea Works Inc?

Idea Works Inc is dedicated to supporting aspiring entrepreneurs of all ages. Their mission is to provide them with essential education, resources, mentorship, and a shared community. By doing so, Idea Works aims to become a significant hub for entrepreneurial development. This center of gravity helps businesses in their early stages, assisting them in starting, growing, and ultimately thriving.


Official website here: www.ideaworksohio.com

Who is the CEO of Idea Works Inc?

Carlton Fernyak is the President & Ceo of Idea Works Inc. The CEO's salary of Idea Works Inc is $0 and their total compensation is $0.


Official website here: www.ideaworksohio.com

What is the revenue of Idea Works Inc?

Idea Works Inc's revenue in 2022 was $355,897.


Official website here: www.ideaworksohio.com

Who are the executives of Idea Works Inc and what are their salaries?

The average compensation at Idea Works Inc during 2022 was $81,891. There is 1 employee at Idea Works Inc.


Here are 7 key members and their salaries (Idea Works Inc's CEO's salary is $0 and their total compensation is $0):


Carlton Fernyak (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annamarie Fernyak (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Allred (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Lindsay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walt Bonham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward P Akinyemi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ideaworksohio.com

Where can I find the form 990 for Idea Works Inc?

Idea Works Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ideaworksohio.com

Learn more at the official website: www.ideaworksohio.com

Mission Statement of Idea Works Inc

Idea Works Inc, a nonprofit organization, is dedicated to supporting aspiring entrepreneurs of all ages. Their mission is threefold: firstly, they aim to provide educational resources to help these entrepreneurs develop their skills and knowledge. Secondly, Idea Works offers mentorship opportunities, allowing aspiring entrepreneurs to learn from experienced professionals in the field. Lastly, Idea Works strives to become a hub for entrepreneurial development, providing a shared community where entrepreneurs can network, collaborate, and work together. This critical center of gravity is designed to assist entrepreneurs in starting, developing, and ultimately, thriving in their businesses.

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Impact




October, 2024

Idea Works Inc significantly impacts the entrepreneurial landscape by providing essential education, resources, and mentorship to aspiring entrepreneurs of all ages. Located in Mansfield, OH, it serves as a vital hub for entrepreneurial development, facilitating a shared workspace community where individuals can collaborate and innovate. By focusing on nurturing aspiring business owners, Idea Works Inc helps startups take root, develop their ideas, and thrive in a supportive environment. This initiative not only empowers individual entrepreneurs but also contributes to the broader community improvement by fostering economic growth and resilience within the local economy.




This information is meant to be a general summary of Idea Works 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.

Revenue
$355,897 (2022)
Expenses
$270,740 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $649
  • Program Service Revenue: $140,963
  • Gross Receipts: $355,897

Assets and Liabilities:

  • Total Assets: $132,702
  • Total Liabilities: $4,826
  • Net Assets: $127,876

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CO-WORKING MEMBERSHIPS

Revenue

$101,867

ENTREPRENEURS' KITCHEN

Revenue

$39,096

Organization Details

Founding Year

2017

Principal Officer

Carlton Fernyak

Main Address

40 WEST 4TH STREET, MANSFIELD, OH, 44902

NTEE Category

Code: S43 - Community improvement

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