Api Innovation Center
- Assets
- $14.8k
- Revenue
- $107.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- Data as of
- 12/2022
- EIN
- 87-1772821
Organization Overview
Api Innovation Center is located in Saint Louis, MO. 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. Api Innovation Center 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, Api Innovation Center generated $107.7k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $188.1k during the year ending 12/2022. 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
FOSTERING COORDINATION AND COLLABORATION AMONG A TRANSDISCIPLINARY NETWORK OF COMPANIES, ACADEMIC AND RESEARCH INSTITUTIONS, AND STARTUPS SPANNING THE API ADVANCED MANUFACTURING SUPPLY CHAIN. FACILITATING ENGAGEMENT BETWEEN COMPANIES, ENTERPRISES, NON-PROFIT ENTITIES, AND FEDERAL AND STATE GOVERNMENT AGENCIES IN ORDER TO SAFEGUARD THE NATION'S API SUPPLY CHAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERED PRIVATE-PUBLIC PARTNERSHIP TO ENABLE US PRODUCTION OF ONCOLOGY DRUG IN ST. LOUIS FOR THE GLIOBLASTOMA FOUNDATION AT AN AFFORDABLE PRICE. OBTAINED FUNDING FOR START-UP ADVANCED TECHNOLOGY COMPANY TO CONDUCT R&D FOR ENABLING MANUFACTURING OF SEVEN CARDIOVASCULAR DRUGS AT 60% OF THE CURRENT COST OF SUCH DRUGS. COLLABORATED WITH EMERSON A MANUFACTURER OF PHARMACEUTICAL CONTROL SYSTEMS IN THE DEVELOPMENT OF TRAINING AND DEVELOPMENT PROGRAMS TO ENABLE TALENT DEVELOPMENT IN THE REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Fiorello Director | Trustee | $0 | |
Andrew Gonce Treasurer | OfficerTrustee | $0 | |
Rick Ryan Director | Trustee | $0 | |
Anthony Sardella President | OfficerTrustee | $0 | |
Martha Schlicter Director | Trustee | $0 | |
David Thompson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $107,679 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,368 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,039 |
| Advertising and promotion | $21,211 |
| Office expenses | $757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,432 |
| Travel | $11,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,601 |
| Interest | $174 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $350 |
| All other expenses | $0 |
| Total functional expenses | $188,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,129 |
| 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 | $623 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,752 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $14,752 |
| 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 | $14,752 |