Innovative Technology Education Fund
- Assets
- $9.6m
- Revenue
- $1.5m
- Investments
- $9.4m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 43-1689900
Organization Overview
Innovative Technology Education Fund is located in Saint Louis, MO. The organization was established in 1995. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Innovative Technology Education Fund 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 12/2023, Innovative Technology Education Fund generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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.
Since 2015, Innovative Technology Education Fund has awarded 218 individual grants totaling $4,386,418. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charmaine Smith Executive Director | 40 | $120,397 | |
Carl Reed Director/board Chair | 2 | $0 | |
Bill Kent Director/vice Chair | 2 | $0 | |
Sherita Haigler Director | 2 | $0 | |
Jere Hochman Director | 2 | $0 | |
Jane Vancil Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,126 |
| Dividends & Interest | $153,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $187,535 |
| Capital Gain Net Income | $186,860 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,088,728 |
| Total Revenue | $1,470,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $137,689 |
| Other employee salaries and wages | $53,768 |
| Pension plans, employee benefits | $15,361 |
| Interest | $0 |
| Taxes | $18,988 |
| Depreciation | $273 |
| Occupancy | $12,850 |
| Travel, conferences, and meetings | $15,805 |
| Printing and publications | $0 |
| Other expenses | $180,279 |
| Total operating and administrative expenses | $549,319 |
| Contributions, gifts, grants paid | $503,269 |
| Total expenses and disbursements | $1,052,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $142,315 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,940 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $25 |
| Other assets | $8,917 |
| Total assets | $9,576,724 |
| Accounts payable and accrued expenses | $3,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,606 |
| Total liabilities | $7,462 |
Grants Awarded
Over the last fiscal year, Innovative Technology Education Fund has awarded $503,269 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AFFTON SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $17,851 |
CITY ACADEMY INC PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $29,700 |
CONNECTED LEARNING PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $5,000 |
CROSSROADS COLLEGE PREP PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $39,121 |
FERGUSON FLORISSANT SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $26,771 |
HAWTHORN LEADERSHIP SCHOOL FOR GIRLS PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $15,235 |