Health And Science Innovations Inc
- Assets
- $427.9k
- Revenue
- $307.3k
- Investments
- $0.0
- Employees
- 23
- Location
- Indianapolis, IN
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 45-2836061
Organization Overview
Health And Science Innovations Inc is located in Indianapolis, IN. The organization was established in 2012. 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, Health And Science Innovations Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health And Science Innovations 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 12/2021, Health And Science Innovations Inc generated $307.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $507.8k during the year ending 12/2021. 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
HEALTH AND SCIENCE INNOVATIONS SEEKS TO PROMOTE RESEARCH AND DEVELOPMENT OF NEW TECHNOLOGIES AMONG HEALTH, SCIENCE, AND ENGINEERING STUDENTS, EDUCATORS, AND PROFESSIONALS AS WELL AS FACILITATING NETWORKING OPPORTUNITIES BETWEEN STUDENTS AND PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 2021 YOUNG INNOVATORS QUEST SUMMER PROGRAM WAS OFFERED VIRTUALLY DUE TO THE PANDEMIC. OUR OUTSTANDING HIGH SCHOOL STUDENTS INTERESTED IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS) PARTICIPATED ALONGSIDE 6 UNDERGRADUATE STUDENTS. THIS PROGRAM OFFERED THE FOLLOWING EXPERIENCES AMONG OTHERS: SCIENCE AND ENGINEERING RESEARCH, DIRECT EXPOSURE TO A VARIETY OF PROFESSIONAL CAREERS, INNOVATION PROJECTS, AND EXPOSURE TO THE COLLEGE EXPERIENCE. A TYPICAL DAY AT YIQ PROVIDED THE STUDENTS WITH A COMBINATION OF TWO TO FOUR STEM AND WORK-RELATED SKILLS WORKSHOPS, 2-3 HOURS OF TEAM RESEARCH.
THE IDEAA PARTNERSHIP IS A HEALTH & SCIENCE INNOVATIONS WORKFORCE DEVELOPMENT INITIATIVE, AND A CROSS-SECTOR PARTNERSHIP DEDICATED TO THE IMPLEMENTATION OF A COMPREHENSIVE PIPELINE THAT ATTRACTS AND PREPARES NEW TALENT TO MEET THE NEEDS OF EMPLOYERS WITH ENGINEERING, PROTOTYPING, AND MANUFACTURING OPERATIONS; THROUGH HANDS-ON WORKSHOPS, COURSES, CERTIFICATION CURRICULUM, CREDENTIALING, PROJECT BASED LEARNING AND PRACTICE OPPORTUNITIES. PARTNERS INCLUDE DIRECT EMPLOYERS INSTITUTE, CAE- NET.COM, FIRST MAKER SPACE, AND MAKER YOUTH FOUNDATION. THIS INTIATIVE IS SUPPORTED BY INDUSTRY PARTNERS AND PHILANTHROPIC INDIVIDUALS WHO INVEST IN EDUCATION AND WORKFORCE DEVELOPMENT. AFTER GRADUATING FROM IDEAA SUMMER PROGRAM, STUDENTS WILL BE ELIGIBLE FOR VARIOUS INTERNSHIP OPPORTUNITIES PROVIDED BY INDUSTRY PARTNERS
THE AWARD-WINNING TECH LITERACY PROGRAM PROVIDES AN INTRODUCTION TO COMPUTER SOFTWARE SKILLS TO STUDENTS IN GRADES 3 THROUGH 8. THE SKILLS THEY LEARN ARE COMMONLY USED IN THE WORKFORCE AND HELP IMPROVE ACADEMICS AND REINFORCE ACADEMIC LEARNING. TECH LITERACY EQUIPS UNDERPRIVELEGED CHILDREN WITH SKILLS THAT WILL PREPARE THEM FOR SUMMER INTERNSHIPS OR JOBS, COLLEGE, AND/OR THE WORKFORCE. 14 STUDENTS WERE SERVED THROUGHOUT 2021.
THE AWARD-WINNING TECH LITERACY PROGRAM PROVIDES AN INTRODUCTION TO COMPUTER SOFTWARE SKILLS TO STUDENTS IN GRADES 3 THROUGH 8. THE SKILLS THEY LEARN ARE COMMONLY USED IN THE WORKFORCE AND HELP IMPROVE ACADEMICS AND REINFORCE ACADEMIC LEARNING. TECH LITERACY EQUIPS UNDERPRIVELEGED CHILDREN WITH SKILLS THAT WILL PREPARE THEM FOR SUMMER INTERNSHIPS OR JOBS, COLLEGE, AND/OR THE WORKFORCE. APPROXIMATELY 100 STUDENTS SERVED ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis A Palacio Executive Di | Officer | 40 | $81,423 |
Eric Van Gorp Vice Preside | OfficerTrustee | $0 | |
Adeola Olubamiji Secretary | OfficerTrustee | $0 | |
Maria Franco Treasurer | OfficerTrustee | $0 | |
Joerg Schrelber President | OfficerTrustee | $0 | |
Kanch Ishwar Board Memebe | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,155 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,817 |
| Noncash contributions included in lines 1a–1f | $35,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,152 |
| Total Program Service Revenue | $8,635 |
| Investment income | $17 |
| 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 | $307,339 |
| 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. | $81,423 |
| Compensation of current officers, directors, key employees. | $16,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,678 |
| Payroll taxes | $26,578 |
| Fees for services: Management | $3,140 |
| 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 | $0 |
| Advertising and promotion | $17,589 |
| Office expenses | $8,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,504 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $5,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,009 |
| Insurance | $10,143 |
| All other expenses | $13,417 |
| Total functional expenses | $507,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $82,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $624 |
| Total assets | $427,938 |
| Accounts payable and accrued expenses | $22,406 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $522,406 |
| Net assets without donor restrictions | $0 |
| 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 | -$94,468 |
| Total liabilities and net assets/fund balances | $427,938 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health And Science Innovations Inc has recieved totaling $136.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
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 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |