Nonprofit · EIN 82-3865130
IDEA WORKS
Tax-exempt · MANSFIELD, OH 44902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $188,368 | $193,524 | -$5,156 | $57,006 | $6,334 | $50,672 |
| December 31, 2023 | 990 | $171,636 | $243,684 | -$72,048 | $61,501 | $5,673 | $55,828 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $78,905
- Program service revenue
- $137,698
- Investment income
- -$28,235
- Net gain from sales of assets
- -$28,237
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $85,501
- Salaries, compensation and benefits (total)
- $92,333
- Professional fundraising fees
- $0
- Accounting fees
- $3,822
- Occupancy
- $77,589
- Travel
- $70
- Depreciation
- $2,162
- Program services (functional)
- $101,524
- Management and general (functional)
- $64,250
- Fundraising (functional)
- $27,750
Balance sheet and other
- Total assets, start of year
- $61,501
- Total assets, end of year
- $57,006
- Total liabilities, end of year
- $6,334
- Net assets, end of year
- $50,672
- Land, buildings and equipment
- $24,106
- Gross receipts
- $216,605
- Employees
- 2
- Volunteers
- 6
- Year formed
- 2017
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Lindsay | Director Trustee or director | 1 | $0 |
| Walter Bonham | Director Trustee or director | 1 | $0 |
| Edward Patrick Akinyemi | President Trustee or director, Officer | 2 | $0 |
| Vincent Palombo | Director Trustee or director | 1 | $0 |
| Matt Ayers | Director Trustee or director | 1 | $0 |
| Denise Reed | Director Trustee or director | 1 | $0 |
| Kim Sterry | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jay Allred | President Trustee or director, Officer | 2 | $0 |
| Annamarie Fernyak | Director Trustee or director | 2 | $0 |
| Carl Fernyak | Director Trustee or director | 2 | $0 |
| Barbara Lindsay | Director Trustee or director | 1 | $0 |
| Walter Bonham | Director Trustee or director | 1 | $0 |
| Donnie Clark | Director Trustee or director | 1 | $0 |
| Edward Patrick Akinyemi | Director Trustee or director | 1 | $0 |
| Vincent Palombo | Director Trustee or director | 1 | $0 |
| Matt Ayers | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 144 W 3RD ST, MANSFIELD, OH 44902-1217
- Principal officer (990 for 2024)
- Korinna Goettel
- Signed the 990
- Korinna Goettel, Executive Director
- Phone
- (419) 565-4495
- Website
- ideaworksohio.com
- Return prepared by
- Helen Brown CPA LLC
Mission
Our mission to rebuild the local food chain Food matters to us. So much so that part of our mission involves supporting and rebuilding our local food chain. We collaborate with Richland Gro-Op, and The Ohio State University at Mansfield in conjunction with their Initiative for Food and Agricultural Transformation (InFACT) program. Together we are building capacity for university-community partnerships to address issues such as racial justice and environmental sustainability. Idea Works made an investment of over $100,000 to help the micro farmers get a solid start when they formed their business, Richland Gro-Op. By providing them free, unlimited access to the kitchen, they have a fully licensed facility to collect, sort and pack their produce for distribution. We are always looking for new opportunities to collaborate with other area businesses to help with the long-term goal of building a vibrant, thriving food campus.
Program accomplishments
- The Organization strives every day to nurture entrepreneurs providing them with the space they need to help turn their ideas into successful businesses. At Idea Works, we offer a variety of coworking spaces, a state of the art podcast studio.Expenses $51,514 · revenue $88,173
- Food is a universal language. We believe food entrepreneurs should be able to access the right facility and resources to grow. The process of buying or leasing your own space is too expensive and time consuming, but we can help you! The Entrepreneurs Kitchen offers shared-used kitchen space for food entrepreneurs to strategically grow their business. We work with caterers, food truck operators, bakers, meal services, food delivery businesses, pop up carryout businesses, and packaged food preparers. By becoming a kitchen member you gain access to our facilities, coaching to pass your inspections and the connections you need to grow your business. As a nonprofit, were on a mission to rebuild the food chain in north central Ohio. Thats why were investing in the facility to make food entrepreneurs successful.Expenses $50,010 · revenue $49,525
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3865130
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $57,006
- Income (IRS master file)
- $216,605
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $188,368 | $193,524 | $57,006 | XML |
| 990 | December 2023 | $171,636 | $243,684 | $61,501 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $355,897 | $270,740 | $132,702 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3865130).
Questions about IDEA WORKS
- What is the EIN of IDEA WORKS?
- The employer identification number (EIN) of IDEA WORKS is 82-3865130.
- Is IDEA WORKS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to IDEA WORKS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IDEA WORKS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IDEA WORKS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IDEA WORKS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IDEA WORKS?
- The 990 for the year ended December 31, 2024 names Korinna Goettel.
- Who are the officers and directors of IDEA WORKS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does IDEA WORKS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $188,368, expenses of $193,524 and total assets of $57,006 at year end.
Other nonprofits in MANSFIELD
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- RICHLAND COMMUNITY DEVELOPMENT GROUP INC EIN 34-1374548 · last filed 990 for 2024
- DOWNTOWN MANSFIELD INC EIN 34-1605642 · last filed 990 for 2024
- MANSFIELD ELECTRICINS BLDG CORP EIN 34-1922533 · last filed 990-EZ for 2025
- REGIONAL MANUFACTURING COALITION EIN 27-1992861 · last filed 990-EZ for 2025
- MANSFIELD AREA LABOR MANAGEMENT COOPERATION COMMITTEE INC EIN 31-1801230 · last filed 990-EZ for 2025
- OLD UNIONTOWN QUILT GUILD EIN 88-3576509 · last filed 990-N for 2025
- DREAM HUGE GIVES EIN 41-4879708 · last filed 990-N for 2025
All nonprofits in MANSFIELD · Ohio · Community improvement and capacity building