IEG INC

EIN: 815025937 501(c)(3)

DENVER, CO

Total Revenue
$224,197
Total Expenses
$182,948
Total Assets
$59,470
Net Assets
$-95,745
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CO
Principal Officer
HAROUN COWANS
Phone
7208197150
Tax Period
2020-01-01 to 2020-12-31

IEG INC, founded in 2017, is a small nonprofit that reported $224K in total revenue in fiscal year 2020. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

THE MISSION IS TO STRENGTHEN AND BUILD COMMUNITY BY EQUIPPING AND EMPOWERING OUR BENEFICIARIES WITH THE SKILLS AND TOOLS THEY NEED TO SUCCEED THROUGH 3 PROGRAMMING AREAS: (1) GANG AND YOUTH VIOLENCE PREVENTION AND INTERVENTION,(2) WORKFORCE DEVELOPMENT, AND (3)COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $127,723

GANG PREVENTION & INTERVENTION (DENVER CITY AND COUNTY)(PSN). IEG, INC. RECEIVES FUNDING FROM THE CITY AND COUNTY OF DENVER THROUGH THE GRID (GANG REDUCTION INITIATIVE OF DENVER) PROGRAM AND FROM THE...

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GANG PREVENTION & INTERVENTION (DENVER CITY AND COUNTY)(PSN). IEG, INC. RECEIVES FUNDING FROM THE CITY AND COUNTY OF DENVER THROUGH THE GRID (GANG REDUCTION INITIATIVE OF DENVER) PROGRAM AND FROM THE DEPARTMENT OF JUVENILE JUSTICE THROUGH PSN (PROJECT SAFE NEIGHBORHOOD) TO PROVIDE GANG PREVENTION & INTERVENTION SERVICES IN NE DENVER. THROUGH THIS FUNDING, IEG, INC. PERFORMED GANG PREVENTION & INTERVENTION, VIOLENCE INTERRUPTION, SECONDARY PREVENTION, AND INTENSIVE CASE MANAGEMENT SERVICES TO CLIENTS WHO ARE CURRENTLY ACTIVE OR AT RISK OF ENGAGEMENT IN GANG ACTIVITY. IEG, INC. PROGRAMS AND INTERVENTIONS ARE DESIGNED TO MITIGATE THE MULTIPLE RISK FACTORS AND BARRIERS THAT OUR CLIENTS FACE, SIMULTANEOUSLY PREVENTING AND INTERVENING IN THE ACTIVITIES THAT NEGATIVELY IMPACT OUR COMMUNITY. AS A STRATEGY TO PROMOTE GANG DISENGAGEMENT, IEG, INC. IDENTIFIES AND BUILDS UPON EACH CLIENT'S INDIVIDUAL STRENGTHS AND ASSETS BY ENGAGING THEM IN THE PROCESS OF EXPLORING THEIR MOTIVATIONS, PLANNING THEIR OWN CAREER PATH, DEVELOPING SELF-IDENTITY, AND ENGAGING IN PROSOCIAL BEHAVIORS.

Program 2
Expenses: $41,990

TEEN RESILIENCY (CHF) THE CHF TEEN RESILIENCY GRANT ALLOWED US TO HIRE THREE EMPLOYEES AND PROVIDE EXPANDED LIFE COACHING SERVICES TO AT-RISK YOUTH WHO ARE NOT AFFILIATED WITH GANGS AND DO NOT...

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TEEN RESILIENCY (CHF) THE CHF TEEN RESILIENCY GRANT ALLOWED US TO HIRE THREE EMPLOYEES AND PROVIDE EXPANDED LIFE COACHING SERVICES TO AT-RISK YOUTH WHO ARE NOT AFFILIATED WITH GANGS AND DO NOT QUALIFY TO RECEIVE LIFE COACHING SERVICES FROM OTHER FUNDING SOURCES. LIFE COACHES ARE IEG, INC. EMPLOYEES WHO PROVIDE 12 WEEKS OF INTENSIVE WEEKLY ONE-ON-ONE MENTORING SUPPORT TO HIGH RISK PROGRAM PARTICIPANTS. LIFE COACHES HELP PARTICIPANTS CONNECT TO IEG, INC.'S VAST ARRAY OF PROGRAMS, RESOURCES, AND CONNECTIONS. LIFE COACHES INSPIRE, MOTIVATE, AND EMPOWER PARTICIPANTS TO GIVE BACK TO THEIR COMMUNITIES AND THE LARGER WORLD. EACH LIFE COACH PLAYS A CRITICAL ROLE IN IEG'S MISSION BY PROVIDING A "THROUGHLINE" TO IEG, INC. PROGRAMS AND SERVICES, DEMONSTRATING EMPOWERMENT AND EMPOWERING OTHERS.

Program 3
Expenses: $5,249

THE FUNDING FROM COAG IS USED TO SUPPORT A PILOT PROGRAM DEVELOPED BY IEG TO DISRUPT THE SCHOOL-TO-PRISON PIPELINE. THE PILOT PROGRAM TAKES A MULTITIERED APPROACH TO IMPACT THE SCHOOL-TO-PRISON...

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THE FUNDING FROM COAG IS USED TO SUPPORT A PILOT PROGRAM DEVELOPED BY IEG TO DISRUPT THE SCHOOL-TO-PRISON PIPELINE. THE PILOT PROGRAM TAKES A MULTITIERED APPROACH TO IMPACT THE SCHOOL-TO-PRISON PIPELINE BY DEVELOPING AND PRESENTING TRAININGS TO EDUCATORS AROUND EQUITY IN SCHOOL DISCIPLINE PRACTICES AND CULTURAL RESPONSIVENESS, PROVIDING 12 WEEKS OF ONE-ON-ONE MENTORING FOR YOUTH IN MIDDLE AND HIGH SCHOOL WHO ARE CURRENTLY OR AT RISK OF SUSPENSION, EXPULSION, OR DISENGAGEMENT FROM SCHOOL, AND DEVELOPING A SOCIAL AWARENESS CAMPAIGN TO CREATE AWARENESS AROUND THE ISSUES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $224,184
Program Service Revenue $0
Investment Income $13
Other Revenue $0
TOTAL REVENUE $224,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,728
Fundraising Expenses $0
Program Expenses $174,962
Other Expenses $56,220
TOTAL EXPENSES $182,948

Year-over-Year Comparison

2020 2019 Change
Revenue $224,197 $327,367 -0.3%
Expenses $182,948 $445,098 -0.6%
Net Income $41,249 $-117,731 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
3
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROUN COWANS CHAIRMAN OF N/A
Officer Director
$0 $0 $0
CRAIG MCGUINESS ADVISORY BOA N/A
Director
$0 $0 $0
STEVE ZIEGLER ADVISORY BOA N/A
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
2020 $224,197 $182,948 $59,470 $41,249
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