THE IDEA VILLAGE INC

EIN: 450470675 501(c)(3) Community Improvement

NEW ORLEANS, LA

Total Revenue
$2,138,746
Total Expenses
$1,943,605
Total Assets
$1,483,540
Net Assets
$1,110,138
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
LA
Principal Officer
JON ATKINSON
Phone
5042912564
Tax Period
2024-07-01 to 2025-06-30

THE IDEA VILLAGE INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 9% surplus.

Mission

OUR MISSION IS TO IDENTIFY, SUPPORT, AND RETAIN ENTREPRENEURIAL TALENT IN NEW ORLEANS AND THE SURROUNDING REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,982,894
Program Service Revenue $151,820
Investment Income $4,032
Other Revenue $0
TOTAL REVENUE $2,138,746

Expense Breakdown

Grants Paid $294,318
Salaries & Benefits $870,162
Fundraising Expenses $5,478
Program Expenses $1,598,741
Other Expenses $779,125
TOTAL EXPENSES $1,943,605

Year-over-Year Comparison

2024 2023 Change
Revenue $2,138,746 $1,828,367 +0.2%
Expenses $1,943,605 $1,691,850 +0.1%
Net Income $195,141 $136,517 +0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
11
Volunteers
150

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$191,151
Total Directors
29
$191,151
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MERRITT LANE DIRECTOR 2.00
Director
$0 $0 $0
BILL HINES DIRECTOR 2.00
Director
$0 $0 $0
PATRICK COMER DIRECTOR 2.00
Director
$0 $0 $0
DAVID DART FINANCE CHAIR/TREASURER 2.00
Officer Director
$0 $0 $0
TI ADELAIDE MARTIN DIRECTOR 2.00
Director
$0 $0 $0
CHRIS LAIBE VICE CHAIR 2.00
Officer Director
$0 $0 $0
SIG GREENBAUM DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL HECHT DIRECTOR 2.00
Director
$0 $0 $0
JULIAN HERBERT DIRECTOR 2.00
Director
$0 $0 $0
JON ATKINSON PRESIDENT/CEO 40.00
Officer Director
$188,205 $2,946 $191,151
DAVID BARKSDALE DIRECTOR 2.00
Director
$0 $0 $0
TARA HERNANDEZ DIRECTOR 2.00
Director
$0 $0 $0
CATHY ISAACSON SECRETARY 2.00
Officer Director
$0 $0 $0
COOPER MANNING DIRECTOR 2.00
Director
$0 $0 $0
JEN SCHNIDMAN DIRECTOR 2.00
Director
$0 $0 $0
MATT SCHWARTZ DIRECTOR 2.00
Director
$0 $0 $0
AIMEE QUIRK DIRECTOR 2.00
Director
$0 $0 $0
ROBERT SAVOIE PHD CHAIR 6.00
Officer Director
$0 $0 $0
MARIANNE VAN METER DIRECTOR 2.00
Director
$0 $0 $0
CHRISTIAN BROWN DIRECTOR 2.00
Director
$0 $0 $0
SALLY FORMAN DIRECTOR 2.00
Director
$0 $0 $0
ALLEN SQUARE DIRECTOR 2.00
Director
$0 $0 $0
ROBBERT VORHOFF DIRECTOR 2.00
Director
$0 $0 $0
SOUMITRA SENGUPTA DIRECTOR 2.00
Director
$0 $0 $0
SCOTT WOLFE DIRECTOR 2.00
Director
$0 $0 $0
MARY MATALIN DIRECTOR 2.00
Director
$0 $0 $0
KATIE LEGARDEUR DIRECTOR 2.00
Director
$0 $0 $0
WILL HALES DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER MCMILLAN DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,138,746 $1,943,605 $1,483,540 $195,141
2024 No data No data No data No data
2023 $1,805,703 $1,922,758 $1,181,843 $-117,055
2022 $1,474,698 $1,347,657 $1,052,812 $127,041
2021 $1,307,477 $1,086,261 $982,103 $221,216
2020 $956,174 $857,512 $713,418 $98,662
2019 $1,161,646 $1,068,675 $479,881 $92,971
2018 $751,733 $1,588,243 $482,354 $-836,510
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