IDEASPACE PROJECT INC

EIN: 852467209 Public & Societal Benefit

PEPPER PIKE, OH

Total Revenue
$35,100
Total Expenses
$42,200
Total Assets
$2,245
Net Assets
$2,245
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
OH
Principal Officer
FREDERICK IRVING TAFT
Phone
2164702443
Tax Period
2025-01-01 to 2025-12-31

IDEASPACE PROJECT INC, founded in 2020, is a micro nonprofit in the Public & Societal Benefit sector that reported $35K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $42K exceeded revenue, resulting in a 20% operating deficit.

Mission

CONSULTATION AND RESEARCH SERVICES FOR STRATEGIC PLANNING AND DECISION MAKING FOR PUBLIC AND PRIVATE ENTITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $35,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,333
Other Expenses $42,200
TOTAL EXPENSES $42,200

Year-over-Year Comparison

2025 2024 Change
Revenue $35,100 $43,520 -0.2%
Expenses $42,200 $57,711 -0.3%
Net Income $-7,100 $-14,191 -0.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK TAFT PRESIDENT 7.00
Officer 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 $35,100 $42,200 $2,245 $-7,100
2024 No data No data No data No data
2023 $124,999 $142,567 $23,536 $-17,568
2022 $26 $220,335 $41,104 $-220,309
2021 $250,048 $241,037 $261,413 $9,011
2020 $312,001 $59,599 $252,402 $252,402
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