The Ingenuity Project INC FY2021 filing

Tax-deductible

Baltimore, MD501(c)(3)Since 1995EducationEIN 52-1942495Revenue $1.9M in FY2021

On file with the IRSingenuityproject.org1400 W Cold Spring Ln, 21209-4904 · Baltimore, MDTax-exempt since Oct 1995Supporting organization — 509(a)(3)

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The mission of The Ingenuity Project is to prepare and launch the next diverse generation of nationally competitive STEM (Science, Technology, Engineering and Mathematics) leaders from Baltimore City Public Schools.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$251K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $241K a year · 12% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$251K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$250K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+8% vs prior year
Spent
$1.5M
To programs
76%
Net assets
$1.4M
By yearFY2020–FY2025
Revenue
$1.9M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.9M
FY2022$1.9M
FY2023$2.4M
FY2024$1.3M
FY2025$2.9M
Expenses
$1.5M
FY2021▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.8M
FY2023$1.9M
FY2024$2.1M
FY2025$2.1M
Net assets
$1.4M
FY2021▲ +47%
Tap a bar for its year
Net assets by fiscal year
FY2020$959K
FY2021$1.4M
FY2022$1.5M
FY2023$2.0M
FY2024$1.2M
FY2025$2.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.1M Management & general 15% · $224K Fundraising 9% · $135K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $251K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Dir.
$141,788Pt VII · Sec A
Head of Mathematic
$109,132Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisette Morris’s $162K as Executive Dir. is at the 70th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisette Morris$161,652$153,922$145,428$142,711$141,788$125,953
Selene Willis$113,440$105,869————
Kathy Bacon$109,364$103,873————
Mikhail Goldenberg————$109,132$108,452
Elisa No$102,652—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips inner-city children with math, science, and technology resources for national academic success.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

The Ingenuity Project is a comprehensive, advanced math, science, and research instructional program for students in grades six through twelve with more than 25 years of positive, demonstrated student achievement outcomes. The program identifies, recruits, and supports gifted and advanced students who represent Baltimore City.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$17K
Grants paid · 5 grants · $66K · 2019–2024
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$15,000
Unitemized GrantFY2022$15,000
Unitemized GrantFY2021$15,000
Unitemized GrantFY2019$5,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$15K
Investment incomeLn 3$338
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$224K
Fundraisingcol D$135K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$810K
Total assetsLn 16$1.7M
LiabilitiesLn 26$250K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$794K
Investment incomeLn 3$338
Other incomeLn 4–11$15K
Gains on assetsLn 7$0
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$765K
Cash and savings togetherLn 1–2$810K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$19K
Other assetsLn 15$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$250K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 5118
VolunteersI 6113
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$606K$810K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$31K$19K
Total assetsLn 16$1.2M$1.7M
LiabilitiesLn 26$246K$250K
Net assetsLn 32$959K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$142K$57K$43K$43K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$975K$813K$101K$61K
Pension plan contributionsLn 8$20K$15K$3K$2K
Other employee benefitsLn 9$97K$75K$12K$9K
Payroll taxesLn 10$84K$65K$11K$8K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$32K$32K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$27K$17K$7K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$5K$2K$2K$1K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$13K$10K$2K$1K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$100K$79K$12K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$1.5M$1.1M$224K$135K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.9M$2.1M$852K$2.1M 990 PDF
FY2024 $1.3M$2.1M−$799K$1.2M 990 PDF
FY2023 $2.4M$1.9M$544K$2.0M 990 PDF
FY2022 $1.9M$1.8M$66K$1.5M 990 PDF
FY2021 Viewing $1.9M$1.5M$453K$1.4M 990 PDF
FY2020 $1.8M$1.5M$330K$959K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,946,133 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,341,116$1,930,760
I-9 Program service revenuePrior year $444,657$0
I-10 Investment incomePrior year $731$338
I-11 Other revenuePrior year $22,565$15,035
I-12 Total revenuePrior year $1,809,069$1,946,133
I-13 Grants and similar amounts paidPrior year $5,500$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,305,302$1,316,356
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $168,639$176,546
I-18 Total expensesPrior year $1,479,441$1,492,902
I-19 Revenue less expensesPrior year $329,628$453,231
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,946,133 across 9 lines filed
VIII-1e Government grants$793,806
VIII-1f All other contributions, gifts and grants$1,136,954
VIII-1h Total contributions, gifts and grants$1,930,760
VIII-3 Investment incomeRelated to mission $338$338
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$15,035
VIII-12 Total revenueRelated to mission $338$1,946,133
Part IX · Statement of functional expenses $1,492,902 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $56,750 · Management $42,562 · Fundraising $42,562$141,874
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $812,583 · Management $101,024 · Fundraising $61,053$974,660
IX-8 Pension plan contributionsPrograms $15,186 · Management $2,508 · Fundraising $1,810$19,504
IX-9 Other employee benefitsPrograms $75,146 · Management $12,412 · Fundraising $8,956$96,514
IX-10 Payroll taxesPrograms $65,250 · Management $10,777 · Fundraising $7,777$83,804
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $32,177$32,177
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $17,286 · Management $7,318 · Fundraising $2,060$26,664
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,081 · Management $2,081 · Fundraising $1,040$5,202
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $10,012 · Management $1,654 · Fundraising $1,193$12,859
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $79,312 · Management $11,798 · Fundraising $8,534$99,644
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,133,606 · Management $224,311 · Fundraising $134,985$1,492,902
Part X · Balance sheet $1,662,658 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $87,628$45,122
X-2 Savings and temporary cash investmentsStart of year $518,265$764,821
X-3 Pledges and grants receivable$662,000
X-4 Accounts receivableStart of year $563,467$159,813
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,780$12,280
X-10c Land, buildings and equipment, netStart of year $31,481$18,622
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,205,621$1,662,658
X-17 Accounts payable and accrued expensesStart of year $15,368$35,918
X-24 Unsecured notes and loans payable$214,260
X-26 Total liabilitiesStart of year $246,372$250,178
X-27 Net assets without donor restrictionsStart of year −$90,751$685,352
X-28 Net assets with donor restrictionsStart of year $1,050,000$727,128
X-32 Total net assets or fund balancesStart of year $959,249$1,412,480
X-33 Total liabilities and net assetsStart of year $1,205,621$1,662,658
Part XI · Reconciliation of net assets $1,412,480 net assets at year end
XI-1 Total revenue$1,946,133
XI-2 Total expenses$1,492,902
XI-3 Revenue less expenses$453,231
XI-4 Net assets at start of year$959,249
XI-10 Net assets at end of year$1,412,480

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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