Innovative Industries Inc
- Assets
- $1.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 196
- Location
- Creston, IA
- Founding
- 04/1969
- Data as of
- 06/2022
- EIN
- 23-7023634
Organization Overview
Innovative Industries Inc is located in Creston, IA. The organization was established in 1969. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Innovative Industries Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Industries 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 06/2022, Innovative Industries Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST PERSONS WITH DISABILITIES TO IDENTIFY, DEVELOP AND ACHIEVE THEIR INDIVIDUAL LIFE GOALS BY PROVIDING VOCATIONAL AND COMMUNITY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST PERSONS WITH DISABILITIES TO IDENTIFY DEVELOP AND ACHIEVE THEIR INDIVIDUAL LIFE GOALS BY PROVIDING VACATIONAL AND COMMUNITY SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dena Chapman Vice Preside | OfficerTrustee | 1 | $0 |
Barb Coenen Secretary | OfficerTrustee | 1 | $0 |
Bill Messerole Treasurer | OfficerTrustee | 1 | $0 |
Ron Riley President | OfficerTrustee | 1 | $0 |
Margy Gammell Member | Trustee | 1 | $0 |
Jean Kinyon Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,201 |
| Total Program Service Revenue | $4,144,477 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,700 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,240,477 |
| 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 | $2,415,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $373,121 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,518 |
| Advertising and promotion | $1,800 |
| Office expenses | $11,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,280 |
| Travel | $89,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331 |
| Interest | $8,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,581 |
| Insurance | $47,315 |
| All other expenses | $18,879 |
| Total functional expenses | $4,228,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $888,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $390,161 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,180 |
| Prepaid expenses and deferred charges | $63,042 |
| Net Land, buildings, and equipment | $90,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,484,243 |
| Accounts payable and accrued expenses | $521,675 |
| 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 | $143,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $664,675 |
| Net assets without donor restrictions | $819,568 |
| Net assets with donor restrictions | $0 |
| 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 | $1,484,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |
Operation Threshold Inc Waterloo, IA | $5,831,083 | $12,392,663 |
Pioneer Center For Human Services Mchenry, IL | $8,285,691 | $11,622,289 |
Community Alternatives Unlimited Chicago, IL | $6,938,632 | $11,063,143 |
Behavior Management Systems Inc Rapid City, SD | $9,062,713 | $9,945,656 |
Hiawatha Homes Inc Rochester, MN | $2,202,889 | $10,124,635 |
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |
Community Workshop & Training Center Inc Peoria, IL | $8,337,130 | $9,328,524 |