Nonprofits›Ignite Capital Inc

Ignite Capital Inc

BALTIMORE, MD

WebsiteView as a funder

Total revenue

$283K

Total expenses

$200K

Net assets

$223K

Grants received

$763K

20 grants

EIN

844893203

Tax year

2024

Mission

Ignite capital is a social impact fund with the mission to 1) empower and resource baltimore social enterprises in economically distressed communities, 2) support the overall efforts of these social enterprises to attract future investments in support of their mission and, 3) contribute to ongoing efforts in ensuring baltimore neighborhoods are thriving sustainably.

Financials

FY 2024

Revenue

Contributions & grants$277K
Program service revenue—
Investment income$6K
Other revenue—
Total revenue$283K

Expenses

Grants paid$39K
Salaries & benefits$86K
Fundraising—
Other expenses$75K
Total expenses$200K
Total assets$3.3M
Net assets$223K

People

8 listed

NameRoleCompensation

PATTI CHANDLER

CHAIRMAN

Board

—

4 hrs/wk

MURRAY DALZIEL

DIRECTOR

Board

—

4 hrs/wk

FR RICHARD MCGOWAN

DIRECTOR

Board

—

4 hrs/wk

DAN RIZZO

DIRECTOR

Board

—

4 hrs/wk

BREE JONES

DIRECTOR

Board

—

4 hrs/wk

MARY ANN SCULLY

DIRECTOR

Board

—

4 hrs/wk

CARRIE MCKELLOG

DIRECTOR

Board

—

4 hrs/wk

JAY NWACHU

PRESIDENT

Board

—

16 hrs/wk

Grants received

Showing 20 of 20

FromAmountPurposeYear
BALTIMORE COMMUNITY FOUNDATION INC
$120K
GENERAL SUPPORT AND VARIOUS PROJECTS
2024
MARYLAND PHILANTHROPY NETWORK
$50K
TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.
2024
Annie E Casey Foundation Inc
$50K
Provide general operating support
2024
THE ABELL FOUNDATION INC
$10K
COMMUNITY DEVELOPMENT
2024
T ROWE PRICE PROGRAM FOR CHARITABLE
$10K
MULTIPLE
2024
The Chicago Community Trust
$50K
General support for programs, operations and other charitable purposes
2023
DONOR ADVISED CHARITABLE GIVING INC
$30K
PUBLIC, SOCIETAL BENEFIT
2023
BLANKET FORT FOUNDATION
$25K
GENERAL NEED
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$18K
For grant recipient's exempt purposes
2023
BALTIMORE COMMUNITY FOUNDATION INC
$75K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
Annie E Casey Foundation Inc
$50K
PROVIDE GENERAL OPERATING SUPPORT
2022
The Chicago Community Trust
$50K
Pipeline Support Fund
2022
MARYLAND PHILANTHROPY NETWORK
$50K
SEED FUNDING FOR SOCIAL ENTREPENEURS
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$20K
For grant recipient's exempt purposes
2022
THE SAGE FOUNDATION INC
$20K
SUPPORT THE FRANK KNOTT FOUNDER FUND
2022
DONOR ADVISED CHARITABLE GIVING INC
$15K
PUBLIC, SOCIETAL BENEFIT
2022
The Chicago Community Trust
$50K
Contribution to Pipeline Support Fund
2021
The Chicago Community Trust
$50K
Contribution to Pipeline Support Fund
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$10K
For grant recipient's exempt purposes
2021

Funded by

$763K from 10 funders · 20 grants · 2021–2024

The Chicago Community Trust

$200K · 4 grants · 2021–2023

Baltimore Community Foundation Inc

$195K · 2 grants · 2022–2024

Annie E Casey Foundation Inc

$100K · 2 grants · 2022–2024

Maryland Philanthropy Network

$100K · 2 grants · 2022–2024

Fidelity Investments Charitable Gift Fund

$58K · 4 grants · 2021–2023

Donor Advised Charitable Giving Inc

$45K · 2 grants · 2022–2023

Blanket Fort Foundation

$25K · 1 grant · 2023

The Sage Foundation Inc

$20K · 1 grant · 2022

Details

EIN844893203
Subsection03
Ruling date2021-02
Formed2020
Employees0
Volunteers0
IGNITE CAPITAL INC — Mission, Financials & Grants Received | Grantivo