BETA

INNOVATIVE CHANGES: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
INNOVATIVE CHANGES (EIN 80-0516996)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-01-28
IRS object ID
202100289349200620
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-01-28T20:29:01-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN930900579PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCDONALD JACOBS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1520 SW YAMHILL ST STE 500AddressLine1Txt
CityPORTLANDCityNm
State AbbreviationORStateAbbreviationCd
ZIP97204ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800516996EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INNOVATIVE CHANGESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlINNOBusinessNameControlTxt
Phone5032495205PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120508 SW ROY ROGERS RD NO 155AddressLine1Txt
CitySHERWOODCityNm
State AbbreviationORStateAbbreviationCd
ZIP97140ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER HAINLEYPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5032495205PhoneNum
Signature2021-01-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSANG AHNPreparerPersonNm
PTINP00540880PTIN
Phone5032270581PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website AddressWWW.INNOVATIVECHANGES.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$135,591GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$110,183ContributionsGiftsGrantsEtcAmt
Program Service Revenue$25,358ProgramServiceRevenueAmt
Investment Income$50InvestmentIncomeAmt
Total Revenue$135,591TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$17,178FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$38,681OccupancyRentUtltsAndMaintAmt
Other Expenses Total$189,233OtherExpensesTotalAmt
Total Expenses$245,092TotalExpensesAmt
Excess Or Deficit For Year-$109,501ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$69,141NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$626OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY-$178,016NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$427,836BOYAmt
EOY$337,317EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$89,882BOYAmt
EOY$30,378EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$517,718BOYAmt
EOY$367,695EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$586,859BOYAmt
EOY$545,711EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$69,141BOYAmt
EOY-$178,016EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeOUR MISSION IS TO HELP PEOPLE BUILD THEIR LONG-TERM FINANCIAL HEALTH. OUR VISION IS A SOCIETY WHERE ALL PEOPLE HAVE ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AND THE ABILITY TO USE THEM WELL. OUR GUIDING PRINCIPLES WORK TO ADVANCE ECONOMIC JUSTICE FOR THOSE DISENFRANCHISED AND EXCLUDED BY THE MAINSTREAM FINANCIAL SERVICES SECTOR, CELEBRATE THE DIVERSE CULTURES OF OUR COMMUNITIES BY IMPLEMENTING CULTURALLY RESPONSIVE PROGRAMMING AND WE COMMIT TO BUILDING A STRONG, FINANCIALLY SUSTAINABLE ORGANIZATION.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
LENDING - INNOVATIVE CHANGES PROVIDES RESPONSIBLE SMALL-DOLLAR CONSUMER LOANS TO HELP BORROWERS WHO ARE EXPERIENCING FINANCIAL EMERGENCIES, HOUSING CHOICE VOUCHER HOLDERS NEEDING SECURITY DEPOSITS, AND THOSE PREPARING FOR ASSET BUILDING OPPORTUNITIES. SINCE OUR INCEPTION IN EARLY 2010 THROUGH FISCAL YEAR 2020 WE ORIGINATED 1303 SMALL DOLLAR LOANS, INCLUDING 508 OPPORTUNITY AND PUBLIC LOANS, 635 CREDIT BUILDER LOANS, 40 EMERGENCY AND COVID RELIEF LOANS, 20 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE, 7 LOANS FOR ADAPTIVE TECHNOLOGY, AND 93 LOANS FOR MOVING COSTS FOR SECTION 8 HOUSING CHOICE VOUCHER HOLDERS.$0$116,482
THE FINANCIAL COACHING PROGRAM OFFERS LOW INCOME INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO WORK ONE-ON-ONE WITH A TRAINED VOLUNTEER. VOLUNTEERS WILL HELP CLIENTS CREATE AND REACH THEIR GOALS, PAVING A PATH TO OVERALL FINANCIAL STABILITY AND A BETTER UNDERSTANDING OF HOW TO MANAGE THE DAILY INTERACTION BETWEEN THEIR FINANCES AND PERSONAL LIVES. WE HAVE SEEN AN INCREASE OF CLIENT INTEREST FOR ONE ON ONE COACHING DUE TO THE PANDEMIC WITH SPECIAL INTEREST IN FINANCIAL PLANNING AND MONEY MANAGEMENT. WE ARE WORKING IN PARTNERSHIP WITH REFERRING PARTNERS TO PROVIDE COACHING TO DIVERSE COMMUNITIES TO HELP NAVIGATE THIS DIFFICULT FINANCIAL SITUATION.$0$89,050
CREDIT BUILDING - INNOVATIVE CHANGES HELPED OVER 750 CLIENTS TAKE CONTROL OF THEIR CREDIT AND BUILD STRONG CREDIT SCORES TO INCREASE THEIR ACCESS TO WELL-PRICED ASSET-BUILDING CREDIT, SUCH AS HOME MORTGAGES, SMALL BUSINESS LOANS AND HIGHER EDUCATION LOANS. OUR COACHING AND CREDIT BUILDER LOANS HELP PEOPLE WITH NO CREDIT SCORE ESTABLISH A SOLID BASIS FOR RESPONSIBLE BORROWING.$0$0
FieldValueIRS element (for citing)
Total Program Service Expenses$205,532TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KEVORK ISIKBAY
PRESIDENT0.50$0$0$0
STEVE PAGENSTECHER
TREASURER0.50$0$0$0
SARAH CHENVEN
SECRETARY0.50$0$0$0
JOSH SLEDGE
DIRECTOR0.50$0$0$0
IAN GALLOWAY
DIRECTOR0.50$0$0$0
PETER HAINLEY
EXECUTIVE DIRECTOR0.50$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PETER HAINLEYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line120508 SW ROY ROGERS RD NO 155AddressLine1Txt
CitySHERWOODCityNm
State AbbreviationORStateAbbreviationCd
ZIP97140ZIPCd
FieldValueIRS element (for citing)
Phone5032495205PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$339,431CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$166,842CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$172,765CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$56,248CurrentTaxYearMinus1YearAmt
Current Tax Year$110,183CurrentTaxYearAmt
Total$845,469TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$339,431CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$166,842CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$172,765CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$56,248CurrentTaxYearMinus1YearAmt
Current Tax Year$110,183CurrentTaxYearAmt
Total$845,469TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$182,316SubstantialContributorsTotAmt
Public Support Total170$663,153PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$718CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$235CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3CurrentTaxYearMinus1YearAmt
Current Tax Year$50CurrentTaxYearAmt
Total$1,007TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$2,212CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$875CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,001CurrentTaxYearMinus1YearAmt
Current Tax Year$714CurrentTaxYearAmt
Total$5,802TotalAmt
FieldValueIRS element (for citing)
Total Support$852,278TotalSupportAmt
Gross Receipts Rltd Activities$316,820GrossReceiptsRltdActivitiesAmt
Public Support CY1700.77810PublicSupportCY170Pct
Public Support PY1700.80740PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: . AMOUNT: 50.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: ADVERTISING. AMOUNT: 986. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 20,715. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 319. DESCRIPTION: INSURANCE. AMOUNT: 3,684. DESCRIPTION: BAD DEBT. AMOUNT: 1,921. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 161,608. TOTAL TO FORM 990-EZ, LINE 16: 189,233.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 626.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 61,800. END OF YEAR AMOUNT: 5,083. DESCRIPTION: NOTES RECEIVABLE. BEG. OF YEAR AMOUNT: 21,755. END OF YEAR AMOUNT: 18,906. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 6,327. END OF YEAR AMOUNT: 6,389.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 223,741. END OF YEAR AMOUNT: 349,168. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 176,905. END OF YEAR AMOUNT: 125,307. DESCRIPTION: LOAN SECURITY HOLDBACK. BEG. OF YEAR AMOUNT: 186,213. END OF YEAR AMOUNT: 71,236.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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