Overview
What is Innovation Works Inc?
Innovation Works Inc, based in Southwestern Pennsylvania, is a nonprofit organization dedicated to fueling the region's technology economy. They invest resources, including capital and expertise, into high-potential companies with considerable local impact. Innovation Works' mission revolves around increasing the success rate of technology and technology-adopting companies in the region. They accomplish this through direct investment, business assistance, and infrastructure development. Underlying their mission is the belief that innovation serves as a crucial engine for economic growth in Southwestern Pennsylvania. By pursuing this mission, Innovation Works has instigated noteworthy community development benefits, such as job creation, attraction of investment, and enhanced competitive advantage for local companies.
Official website here: www.innovationworks.org
Is Innovation Works Inc legitimate?
Innovation Works Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Works Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,924,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,281,492
For more financial information, click here
Official website here: www.innovationworks.org
What is the mission statement of Innovation Works Inc?
Innovation Works Inc is dedicated to enhancing the success rate of technology and technology-adopting companies through strategic investments, business assistance, and infrastructure development. The organization firmly believes that innovation serves as a significant catalyst for growth. The initiatives taken by Innovation Works have led to substantial community benefits, such as the creation of jobs, the attraction of investment, and increased competitive advantage for companies. The ultimate goal is to foster a thriving business ecosystem.
Official website here: www.innovationworks.org
Who is the CEO of Innovation Works Inc?
Ven Raju is the Board Chair of Innovation Works Inc. The CEO's salary of Innovation Works Inc is $431,063 and their total compensation is $480,101.
Official website here: www.innovationworks.org
What is the revenue of Innovation Works Inc?
Innovation Works Inc's revenue in 2022 was $24,072,729.
Official website here: www.innovationworks.org
Who are the executives of Innovation Works Inc and what are their salaries?
The average compensation at Innovation Works Inc during 2022 was $123,700. There are 34 employees and 208 volunteers at Innovation Works Inc.
Here are 22 key members and their salaries (Innovation Works Inc's CEO's salary is $431,063 and their total compensation is $480,101):
- Mr Richard R Lunak (President & Ceo)
- Mr Jim Jen (Vp & Coo)
- Mr Gary Glausser (Vp, Treasurer & Cio (Thru 6/2021))
- Mr Jeffery Mcdaniel (Portfolio Executive)
- Mr Afshan Khan (Portfolio Executive)
- Ms Susan Kijowski (Secretary & Controller)
- Ms Terri Glueck (Vp, Communications & Community Development)
- Ms Kelley Benson (Vp, Human Resources & Inclusion)
- Mr Robert Starzynski (Vp, Business Development)
- Mr James Wrubel (Portfolio Executive)
- Ms Megan Shaw (Portfolio Executive)
- Mr Larry Miller (Portfolio Executive)
- Mr Ven Raju (Vp, Treasurer & Cio (As Of 7/2021))
- Ms Catherine Mott (Board Chair) [Trustee/Director]
- Mr Rob A Rutenbar (Board Member) [Trustee/Director]
- Mr Juan Garrett (Board Member) [Trustee/Director]
- Dr Steven Reis (Board Member) [Trustee/Director]
- Ms Rebecca Doerge (Board Member) [Trustee/Director]
- Mr Joe Ferrara (Board Member) [Trustee/Director]
- Mr Tom Jones (Board Member) [Trustee/Director]
- Ms Donna Myers (Board Member) [Trustee/Director]
- Mr Jimmy Williams (Board Member) [Trustee/Director]
Official website here: www.innovationworks.org
Where can I find the form 990 for Innovation Works Inc?
The Innovation Works Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.innovationworks.org
Learn more at the official website: www.innovationworks.org
Mission Statement of Innovation Works Inc
Innovation Works Inc, a mission-driven organization, strives to enhance the success rate of technology and technology-adopting companies in the region. Their ultimate belief is that innovation serves as a catalyst for growth within the Southwestern Pennsylvania community. Through direct investment, business assistance, and infrastructure development, Innovation Works Inc has initiated various activities aimed at fulfilling this mission.
The organization's efforts have led to substantial community benefits. By investing in local businesses, Innovation Works Inc has contributed to the creation of new jobs. In addition, the attraction of investment to the region has bolstered its economic landscape. The competitive advantage of companies in Southwestern Pennsylvania has been significantly increased due to Innovation Works Inc's initiatives.
Innovation Works Inc's commitment to the region does not stop at business development alone. Their belief in the transformative power of innovation extends to various aspects of community growth. Their activities have resulted in tangible improvements, generating a ripple effect throughout the region. By fostering a thriving environment for innovation, this organization continues to make a difference in the lives of individuals and businesses in the community.
Impact
This information is meant to be a general summary of Innovation Works Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Innovation Works Inc plays a vital role in Southwestern Pennsylvania's technology economy by investing capital, business expertise, and resources into high-potential companies with the greatest likelihood for regional economic impact. Their activities have resulted in significant community development benefits, including job creation, attraction of investment, and increased competitive advantage for companies in the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN & EQUITY INCOME
Revenue
$17,999,698
ROYALTIES
Revenue
$654
Organization Details
Founding Year
1988
Phone
(412) 681-1520
Principal Officer
Ven Raju
Main Address
TWO ALLEGHENY CENTER 100, PITTSBURGH, PA, 15212
Website
www.innovationworks.org
NTEE Category
Code: S43 - Community improvement
If you are a representative of Innovation Works Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.