Start Fort Wayne Inc

Nonprofit profile at a glance

EIN
474606907
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Fort Wayne, IN, USA
Phone
2609699393
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$35,975
Expenses
$99,427
Assets
$55,070

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Justin Jones (President)
  • Sarah Aubrey (Vice President)

People named in this filing

  • Justin Jones (President)
  • Katy Silliman (Secretary)
  • Sarah Aubrey (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Start Fort Wayne is a non profit organization that is focusing on entrepreneurship in Northeast Indiana. Our goal is to foster entrepreneurs and startups in Northeast Indiana by providing community opportunities, educational programming and space to collaborate and work.

What it reported doing in 2024

Start Fort Wayne Inc. provides meetings, conferences and tours to bring entrepreneurs and technologists together in the same place. They also create and bring programming for Kindergarten-Adult in both entrepreneurism and technology. Start Fort Wayne provides a co-working space for all to come together to learn and share ideas that will create new businesses and a better environment for everyone to live.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 75
  • Sustainability: 18
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 73%; rating input score 73

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -176.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.4% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: -13.2% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -7.5% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 73% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $73K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.