Institute For Industrial And Applied Life Science
- Assets
- $464.9k
- Revenue
- $432.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Saint Joseph, MO
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 20-1215246
Organization Overview
Institute For Industrial And Applied Life Science, operating under the name Innovation Stockyard, is located in Saint Joseph, MO. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Innovation Stockyard employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Stockyard 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 12/2021, Innovation Stockyard generated $432.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $389.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER DEVELOPMENT OF LIFE SCIENCES IN THE ST. JOSEPH, MO AREA, AND TO PROVIDE A PLATFORM FOR DEVELOPMENT IN THE AREA OF LIFE SCIENCES IN THE ST. JOSEPH, MO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE SCIENCES/ECONOMIC DEVELOPMENT-PROVIDE ASSISTANCE, KNOWLEDGE & RESOURCES TO START-UP AND EXISTING COMPANIES IN THE LIFE SCIENCE AND ANIMAL HEALTH INDUSTRY BY SUPPORTING ALL RELATED EFFORTS WITH TIME, KNOWLEDGE, PHYSICAL RESOURCES AND SPACE. IN 2021 THERE WERE 12 INCUBATOR CLIENTS AND 17 VIRTUAL CLIENTS.
WORKFORCE DEVELOPMENT-IMPROVE THE KNOWLEDGE, UNDERSTANDING AND TRAINING IN THE FIELD OF LIFE SCIENCES FOR THE PEOPLE IN THE REGION OF ST. JOSEPH & KANSAS CITY. IN 2021 THERE WERE NO CLASSES HELD DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Davis Directorsecretary | OfficerTrustee | 0.1 | $0 |
Kevin Speltz Directorchairman | OfficerTrustee | 1.5 | $0 |
Bernd Eichenmueller Directorsecretary | OfficerTrustee | 0.1 | $0 |
Elizabeth Kennedy Directortreasurer | OfficerTrustee | 0.1 | $0 |
Patt Lilly Directorvice Chairman | OfficerTrustee | 1 | $0 |
Gary Edwards Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,569 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,069 |
| Total Program Service Revenue | $165,279 |
| Investment income | $737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,089 |
| Pension plan accruals and contributions | $4,022 |
| Other employee benefits | $10,853 |
| Payroll taxes | $5,355 |
| Fees for services: Management | $80,642 |
| Fees for services: Legal | $7,819 |
| Fees for services: Accounting | $9,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,948 |
| Advertising and promotion | $3,152 |
| Office expenses | $9,324 |
| Information technology | $2,425 |
| Royalties | $0 |
| Occupancy | $144,925 |
| Travel | $2,507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,820 |
| Insurance | $1,744 |
| All other expenses | $0 |
| Total functional expenses | $389,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,003 |
| Savings and temporary cash investments | $115,281 |
| Pledges and grants receivable | $72,696 |
| Accounts receivable, net | $4,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,974 |
| Net Land, buildings, and equipment | $37,161 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,945 |
| Accounts payable and accrued expenses | $15,934 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,934 |
| Net assets without donor restrictions | $376,315 |
| Net assets with donor restrictions | $72,696 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $464,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Industrial And Applied Life Science has recieved totaling $22,820.
| Awarding Organization | Amount |
|---|---|
Missouri Corporation For Science And Technology Jefferson City, MO PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN ST. JOSEPH, MO | $22,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |