EIN 45-0470675

The Idea Village

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
2002
Most recent tax filings
2022-06-01
Description
The Idea Village, a 501(c)(3) nonprofit organization, identifies, supports, and retains entrepreneurial talent in New Orleans and the surrounding region. The organization strongly believes that entrepreneurship drives social and economic change, making it an early champion of this cause in the city. The Idea Village has played an integral role in catalyzing the growth of entrepreneurship in New Orleans.
Total revenues
$1,474,698
2022
Total expenses
$1,347,657
2022
Total assets
$1,052,812
2022
Num. employees
10
2022

Program areas at The Idea Village

The Idea Village is a nonprofit accelerator program whose core belief is that entrepreneurship is an agent of social and economic change. As an early champion of entrepreneurship in new orleans, The organization has played an integral role in catalyzing The city's entrepreneurial movement. In addition to supporting over 14,955 entrepreneurs, The Idea Village has successfully elevated new orleans' reputation as a hub of innovation, entrepreneurship, and business. By serving as a catalyst and developing programs that provide direct support and education to founders and early-stage companies, The Idea Village helps entrepreneurs build innovative and industry-leading companies that generate revenue and jobs to help create a more vibrant, inclusive, and resilient local economy.we also cultivate industries of The future that will withstand The tests of natural and economic crises. As The result of 20 years of sustained investment, new orleans was named in 2018 as "one of The fastest growing tech clusters in america," a "top 10 city for african americans and women in tech, and a place that "leads The usa by 56% in startup growth." In 2022 we experienced 10+ major exits in The new orleans startup community resulting in over $2.5b of realized value and over $500m in direct reinvestment. To fully realize new orleans' economic potential we need a sustained investment in The infrastructure of innovation. We need to assemble world class resources to catalyze and support our startup companies through The most critical early stages of development. New orleans has a broad talent base, unique access to critical infrastructure, and a front row seat to interesting problems to solve. It is also a place that people want to live in and want to call home.program highlightsideainstitute is a 10-week, selective, highly structured,idea-stage accelerator program designed to help founders from diverse backgrounds develop a concept into a viable business. It focuses on building The pipeline of repeatable, scalable, high-growth potential companies representing The seeds of a homegrown economic development strategy that can make our community stronger for generations to come. Built around The lean startup methodology, it hones critical skills in opportunity recognition, problem identification, prototyping, customer discovery, and business model development. The curriculum is based on methods piloted in The mba program at loyola, and is taught by faculty of The loyola center for entrepreneurship and community development.ideainstitute runs twice per year. Over 220 people have already completed The 10-week program across six cohorts. The program maintains a strong net promoter score and has matriculated multiple companies to our late-stage accelerator, villagex.villagex is our premier program, a late-stage accelerator that focuses on venture profile companies bringing an innovative technology to market or proving an unknown business model. These are The types of companies that can grow to substantial size and scope and become dominant within an industry. They are drivers of meaningful economic impact and job creation. The types of businesses that, if they achieve real market traction, can hire hundreds of people per year. The villagex accelerator is focused on helping companies close The gap between seed and series a financing through a customized focus on building strength across The dimensions of team, product, traction, and market opportunity. As an example, The thirteen alumni companies from The 2020 villagex cycle raised $9 million in capital in only an 18-month period. Accelerators such as villagex provide opportunities for education, exposure, connections, and most importantly access to networks and mentorship that helps to democratize opportunities to start and scale high-growth ventures. Villagex is an annual program.new orleans entrepreneur week (noew), takes place during The spring of each year. At noew, attendees gather to learn from a globally recognized lineup of panelists and keynote speakers as well as take part in pitch competitions, networking opportunities, and other exciting events. Noew is free for attendees and is The leading platform for celebrating business, innovation, and entrepreneurial thinking in new orleans and The gulf south. The event facilitates connections and elevates entrepreneurship through discussion, debate, education, competition, and celebration. Thousands of individuals attend noew each year including business leaders, entrepreneurs, and emerging professionals. Noew culminates in ideapitch - a "shark tank" style pitch competition awarding The winner with cash investment.in addition to these core programs, The Idea Village's strategy to inspire, start, and scale high growth ventures is continually evolving to meet The needs of our founders, startup pipeline and our community at large.

Who funds The Idea Village

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Frank B Stewart JR FoundationBusiness & Industry$100,000
Baton Rouge Area FoundationAssist in Start-Up Costs$100,000
Baptist Community Ministries (BCM)Villagex - Cultivating New Orleans's Next Generation of Founders$100,000
...and 10 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentOFFICE OF COMMUNITY PLANNING AND DEVELOPMENT$450,439
Department of CommerceECONOMIC ADJUSTMENT ASSISTANCE$160,513
Japan - U.S. Friendship CommissionDELTA REGIOANL AUTHORITY$50,000
...and 1 more federal grant or contract

Personnel at The Idea Village

NameTitleCompensation
Jon AtkinsonChief Executive Officer$160,394
Liz MaxwellDirector of Community + Communications
Corey JamesProgram Director
Aubrey Learned+ Communications Manager
David BarksdaleChair$0
...and 8 more key personnel

Financials for The Idea Village

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,455,396
Program services$16,264
Investment income and dividends$37
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,001
Total revenues$1,474,698

Form 990s for The Idea Village

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-04-14990View PDF
2019-062020-09-04990View PDF
2018-062019-07-23990View PDF
2017-062018-10-16990View PDF
...and 9 more Form 990s

Organizations like The Idea Village

OrganizationLocationRevenue
Assets LancasterLancaster, PA$1,513,730
Dekalb County Entrepreneurial CenterRainsville, AL$463,965
Business Training Institute (WBC of NYS)Utica, NY$1,451,359
IcafundOakland, CA$6,518,782
Center for Community Wealth BuildingDenver, CO$1,068,029
Accompany CapitalNew York, NY$6,735,687
Business Outreach ProgramPortland, OR$679,156
Growth Enterprises of NashvilleNashville, TN$846,186
Renaissance Entrepreneurship CenterSan Francisco, CA$7,123,665
CitecPotsdam, NY$957,572
Data update history
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $100,000 from The Frank B Stewart JR Foundation
April 8, 2023
Used new vendors
Identified 2 new vendors, including , and
August 3, 2022
Received grants
Identified 3 new grant, including a grant for $50,000 from The Coulter Family Foundation
February 19, 2022
Updated personnel
Identified 1 new personnel
September 28, 2021
Received grants
Identified 2 new grant, including a grant for $15,000 from Goldring Family Foundation
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donations
General information
Address
900 Camp St 308
New Orleans, LA 70130
Metro area
New Orleans-Metairie, LA
Website URL
ideavillage.org/ 
Phone
(504) 291-2563
IRS details
EIN
45-0470675
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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