INVENTORS NETWORK KENTUCKY INC | ACTURE

LEXINGTON, KY | Fayette County
Economic Development

Overview

INVENTORS NETWORK KENTUCKY INC | ACTURE
81-0723180
4101 TATES CREEK CTR DR STE 150-143
LEXINGTON, KY 40517
Fayette County
(859) 201-1311

info@kyinventors.org
Mission Statement info

EQUIPPING INVENTORS, ENTREPRENEURS, STARTUPS AND SMALL BUSINESS THROUGH EDUCATION, ENGAGEMENT, RESOURCES & EMPOWERMENT

CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
1996
Total Employees info
4
Total Volunteers info
2
Nonprofit Classification (NTEE Code) info
B03

B - Educational Institutions

Professional Societies & Associations

Learned societies, professional councils, and other organizations that bring together individuals or organizations with a common professional or vocational interest within the Education major group area.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813920
Professional Organizations
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
CRA Income Characteristics info
  • HUD Assistance Recipients
  • Low-Income
  • Medicaid Recipients
  • Moderate-Income
  • Pell Grant Recipients
  • People Living Below Poverty Level
  • SNAP Recipients
  • SSI Recipients
  • USDA Free or Reduced Lunch Students
  • Welfare Recipients

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
50%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
10 Week Entrepreneur Programs
Acture is offering a 10 week course comprised of 10 sprints for cohorts of up to 10 participants to teach, guide and coach them through a practical, action-driven, collaborative process with like minded-people and led by experienced team of seasoned entrepreneurs who live what they teach. Our Focus Our 10 week program is designed to give students a real-world and real-time experience of taking an idea for a product or business and to take the actual steps to turn them into a reality. Using proven, evidence-based strategies, we personally guide these participants using a combination of inter-applicant accountability, real-life examples for every sprint, and a record of each applicant’s progress throughout the duration of their enrollment.
Targeted Clients info
  • College Students
  • Disabled
  • Economically Disadvantaged
  • Entrepreneurs
  • General Public
  • Men
  • Military
  • Minority-Owned Businesses
  • Nonprofits
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • HUD Assistance Recipients
  • Medicaid Recipients
  • Pell Grant Recipients
  • SNAP Recipients
  • SSI Recipients
  • USDA Free or Reduced Lunch Students
  • Welfare Recipients
1-2 Day Entrepreneur Workshops
Acture provides workshop/training sessions and provides individualized coaching of a 1-day or 2-day event, either via remote or in-person. We facilitate a Multi-Topic course designed to teach, guide and coach the cohort through a practical, action-driven, collaborative process with like-minded people and led by a seasoned entrepreneur who believes in living what he teaches. What We Cover Our program is designed to give students a real-world expectation and experience of taking an idea for a product or business and take the actual steps to turn them into physical reality. Using proven, evidence-based strategies, we guide these participants using a combination of accountability, real-life examples, and a practical application for each...
Targeted Clients info
  • College Students
  • Disabled
  • Economically Disadvantaged
  • K-12 Students
  • Entrepreneurs
  • Families
  • General Public
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • HUD Assistance Recipients
  • Medicaid Recipients
  • Pell Grant Recipients
  • SNAP Recipients
  • SSI Recipients
  • USDA Free or Reduced Lunch Students
  • Welfare Recipients
Online Courses for Innovation and Entrepreneurship
Acture offers a number of online courses that the student can learn at their own pace from the convenience of their home or office. Our courses range from getting started with just an idea all the way to launching their own business and selling products. Topics include critical subjects such as picking the right idea, buying products and services, IP protection, prototyping, preparing a pitch, crowdfunding, selling, managing money, and turning a product into a business.
Targeted Clients info
  • College Students
  • Disabled
  • Economically Disadvantaged
  • K-12 Students
  • Entrepreneurs
  • Families
  • General Public
  • Job Seekers
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Small Farms
  • Tribal Organizations
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • HUD Assistance Recipients
  • Medicaid Recipients
  • Pell Grant Recipients
  • SNAP Recipients
  • SSI Recipients
  • USDA Free or Reduced Lunch Students
  • Welfare Recipients
1-on-1 Coaching & Consulting
We Work With Innovators, Entrepreneurs, Startups, Small Businesses...Anyone with an idea for a product or business. Our Process Our approach focuses on understanding an entrepreneur’s unique goals, challenges, and working style, then tailoring guidance to fit their specific situation. Instead of offering generic advice, we use targeted questioning, strategic analysis, and hands-on problem-solving to identify strengths, reveal hidden obstacles, and shape actionable next steps. This personalized method helps founders gain clarity, make confident decisions, and get a procedural outlook that support longterm growth.
Targeted Clients info
  • College Students
  • Disabled
  • Economically Disadvantaged
  • K-12 Students
  • Entrepreneurs
  • Families
  • General Public
  • Men
  • Military
  • Minority Individuals
  • Minority-Owned Businesses
  • Native Americans
  • Rural Residents
  • Senior Citizens
  • Small Businesses
  • Small Farms
  • Underbanked or Unbanked
  • Veterans
  • Unemployed
  • Women
  • Women-Owned Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • People Living Below Poverty Level
  • HUD Assistance Recipients
  • Medicaid Recipients
  • Pell Grant Recipients
  • SNAP Recipients
  • SSI Recipients
  • USDA Free or Reduced Lunch Students
  • Welfare Recipients
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$0
Revenue
$0
Assets
$0

IRS Business Master File Details info

As of September 2025
Exempt Ruling Date info
2015-12
Deductibility Status info
Deductible
Last Tax Filing info
2024
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Required to file Form 990-N - Income less than $25,000 per year
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of August 2025
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through June 2025
Tax period ending in
2021-12

Nonprofit Location

Main Address info
4101 TATES CREEK CTR DR STE 150-143
LEXINGTON, KY 40517
Fayette County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
30460
MSA/MD info
21
State info
067
County info
0041.04
Tract info
Middle
Income Level info
Core-Based Statistical Area info
30460 - Lexington-Fayette, KY
Combined Statistical Area info
336 - Lexington-Fayette--Richmond--Frankfort, KY
Metropolitan Division info
Not located in an MD.
Main Address Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 33.21%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
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Market Data

Main Address Census Tract County
4101 TATES CREEK CTR DR STE 150-143
LEXINGTON, KY 40517
0041.04 Fayette County
Population
Total Population 4,399 321,122
Total Households 1,957 137,803
Income
Median Income* $68,068 $67,631
Median Family Income (2024 FFIEC est.) $95,200 $102,400
Tract Income Percentage 86.22% N/A
Below Poverty Level 22.5% 15.7%
Unemployment Level 10.6% 5.0%
Housing
Total Housing Units 2,087 147,720
Total Owner-Occupied Units 40.8% 53.6%
Total Renter-Occupied Units 52.9% 46.4%
Total Vacant Units 6.2% 4.9%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Don Skaggs
President
(859) 201-1311
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Don Skaggs
President
don.skaggs@kyinventors.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grant Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990EZ e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.