Institute Of Black Invention & Technology Inc
- Assets
- $19.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/2005
- Data as of
- 12/2020
- EIN
- 01-0811660
Organization Overview
Institute Of Black Invention & Technology Inc is located in Kansas City, MO. The organization was established in 2005. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Black Invention & Technology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Institute Of Black Invention & Technology Inc generated $3.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $3.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (23.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE MISSION IS TO COLLECT PRESERVE EXHIBIT INTERPRET AND PROMOTE THE INGENUITY AND CREATIVITY OF AFRICAN AMERICANS IN SCIENCE TECHNOLOGY ENGINEERING ART AND MATH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Terry President | 1 | $0 | |
Sandra Lamb Executive Director | 5 | $0 | |
Sherri Drake Vice President | 1 | $0 | |
Kenneth Stone Treasurer | 1 | $0 | |
Nabou Dieng-Strife Seccretary | 1 | $0 | |
Carroll Lamb Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,284 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,299 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $903 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $673 |
| Other expenses | $2,233 |
| Total expenses | $3,809 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,255 |
| Other assets | $0 |
| Total assets | $19,631 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Center Of Iowa Des Moines, IA | $41,082,841 | $6,707,633 |
Chicago Academy Of Sciences Chicago, IL | $19,110,574 | $7,149,259 |
The Kentucky Science Center Inc Louisville, KY | $5,223,902 | $4,115,750 |
Strategic Air Command & Aerospace Museum Ashland, NE | $15,128,012 | $3,213,097 |
Wood Library-Museum Of Anesthesiology Schaumburg, IL | $13,983,152 | $1,032,421 |
Great Smoky Mountain Heritage Center Inc Townsend, TN | $3,656,397 | $974,256 |
Flint Hills Discovery Center Foundation Manhattan, KS | $1,451,367 | $713,043 |
Tulsa Air And Space Museum Inc Tulsa, OK | $6,390,793 | $1,036,013 |
Hands-On Science Center Inc Tullahoma, TN | $597,554 | $318,187 |
Beller Museum Westmont, IL | $72,757 | $0 |
Daisy Airgun Museum Rogers, AR | $452,434 | $189,995 |
Homewood Science Center Homewood, IL | $444,098 | $145,048 |