Innovation Institute
- Assets
- $5.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duncanville, TX
- Founding
- 11/2004
- Data as of
- 06/2019
- EIN
- 37-1471471
Organization Overview
Innovation Institute is located in Duncanville, TX. The organization was established in 2004. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Institute 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 06/2019, Innovation Institute generated $8.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $19.7k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harrold Andresen Executive Director | 20 | $0 | |
Nancy Andresen Secretary | 2 | $0 | |
Melinda Havran Director | 1 | $0 | |
William Arthur Director | 1 | $0 | |
David Daffin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,761 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $2,530 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,291 |
| Statement of Expenses | |
|---|---|
| Total expenses | $19,705 |
| Balance Sheet | |
|---|---|
| Total assets | $5,790 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovation Institute has recieved totaling $10,550.
| Awarding Organization | Amount |
|---|---|
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: ADAPTIVE SPORTS | $10,550 |
Peer Organizations
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|---|---|---|
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |
Austin Plumbers & Pipefitters Training Tr Round Rock, TX | $4,787,849 | $3,048,612 |