Innovation Ideas Institute Corporation
- Assets
- $57.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-1675454
Organization Overview
Innovation Ideas Institute Corporation is located in Cambridge, MA. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Ideas Institute Corporation 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 12/2022, Innovation Ideas Institute Corporation generated $47.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $44.9k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ESTABLISHED THE LEADING POSITION IN BUILDING UP A VIRTUAL AND VISUAL INNOVATION ECOSYSTEM FOR ACADEMIC LEADERS, INNOVATION LEADERS, STARTUP DISRUPTORS, AND VCS, WHICH HAS NOT BEEN EXISTING ON THE MARKET BEFORE. IT IS THE FIRST AND ONLY ONE SO FAR EMERGING OUT OF POST COVID ERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lin Yang President | 70 | $0 | |
Sam Hu Director | 1 | $0 | |
Ian Wong Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $47,507 |
| Total Revenue | $47,507 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,777 |
| Occupancy, rent, utilities, and maintenance | $3,388 |
| Printing, publications, postage, and shipping | $500 |
| Other expenses | $35,197 |
| Total expenses | $44,862 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,232 |
| Other assets | $0 |
| Total assets | $57,232 |
| Total liabilities | $40,225 |
| Net assets or fund balances | $17,007 |