Ignite Capital Inc
Donations deductibleRevenue
$765k
year to 30 June 2025
Expenses
$440k
year to 30 June 2025
Total assets
$5m
$4.6m liabilities
Net assets
$372k
assets less liabilities
Directors and trustees
6
5.1 years on average
Staff
0
employees, year to 30 June 2025
Chair observed
≥2 yrs
Patti Chandler
Left since last filing
0
no seats appear to have opened
Ignite Capital Inc's network
6 people7 organisationsi6 people and 7 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 7 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Patti Chandler Chair | Chairman | 2021 | 5 yrs |
| Bree Jones | Director | 2022 | 4 yrs |
| Dan Rizzo | Director | 2021 | 5 yrs |
| FR Richard McGowan | Director | 2021 | 5 yrs |
| Mary Ann Scully | Director | 2022 | 4 yrs |
| Murray Dalziel | Director | 2021 | 5 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Jay Nwachu | President | since 2021 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Patti Chandler | Chairman & Treasurer | 4 | $0 | ||
| Murray Dalziel | Secretary | 4 | $0 | ||
| Richard McGowan Sj | Director | 4 | $0 | ||
| Dan Rizzo | Director | 4 | $0 | ||
| Bree Jones | Director | 4 | $0 | ||
| Mary Ann Scully | Director | 4 | $0 | ||
| Carrie McKellogg | Director | 4 | $0 | ||
| Al Gourrier | Director | 4 | $0 | ||
| Danielle Torain-Victor | Director | 4 | $0 | ||
| Jay Nwachu | CEO | 16 | $0 | $145k | $25k |
About
- Legal name
- Ignite Capital Inc
- EIN
- 844893203
- Address
- 1400 Greenmount Ave B01, Baltimore, MD, 21202-5684
- State
- Maryland
- Mission
- Ignite capital is a social impact fund with the mission to 1) empower and resource baltimore social enterprises in economically distressed communitites, 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. (as filed on the Form 990)
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 7 (IRS master file code)
- Formed
- 2020
- Principal officer
- Jay Nwachu (as named on the Form 990)
- IRS ruling date
- 1 February 2021
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2023
- IRS Publication 78
- SO (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥5years on the filingsPatti Chandler
≥5years on the filingsDan Rizzo
≥5years on the filingsFR Richard McGowan
≥5years on the filingsMurray Dalziel
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $5m
- Total liabilities
- $4.6m
- Net assets or fund balances
- $372k
- Contributions and grants received
- $732k
- Program service revenue
- $0
- Grants and similar paid out
- $54k
- Employees
- 0
Grants paid
7 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Future Makers | Support mission-related programs and operations | $6k |
| Wild Bay | Support mission-related programs and operations | $5k |
| Identity Access Project | Support mission-related programs and operations | $5k |
| What the Sprout | Support mission-related programs and operations | $5k |
| Revolutionary Hearts Industries LLC | Support mission-related programs and operations | $5k |
| Monneah's Engineered Materials | Support mission-related programs and operations | $5k |
| Emmjay LLC | Support mission-related programs and operations | $5k |