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  4. Innovation Works (IW)
EIN 25-1588611

Innovation Works (IW)

IRS 501(c) type
501(c)(3)
Num. employees
38
City
Pittsburgh
State
Pennsylvania
Year formed
1988
Most recent tax filings
2023-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Innovation Works plays a vital role in Southwestern Pennsylvania’s technology economy. They invest capital, business expertise and other resources into high-potential companies with the greatest likelihood for regional economic impact.
Total revenues
$15,798,085
2023
Total expenses
$15,866,669
2023
Total assets
$49,208,659
2023
Num. employees
38
2023

Who funds Innovation Works (IW)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bny Mellon Foundation of Southwestern PaPC$615,000
Mckinney Charitable FoundationGeneral Support$15,000
Eqt FoundationEducation & Workforce$12,500
...and 1 more grant received

Personnel at IW

NameTitleCompensation
Ven RajuPresident and Chief Executive Officer$355,029
Jim JenVice President and Chief Operating Officer / Executive Director , Alphalab / Executive in Residence$285,880
Kirk BotulaChief Strategy Operations Officer$0
Bob StarzynskiChief Business Development Officer and Treasurer
Terri GlueckVice President , Communications and Community Development / Director , Community Development and Communications$198,235
...and 20 more key personnel

Financials for IW

RevenuesFYE 06/2023
Total grants, contributions, etc.$12,537,505
Program services$2,024,660
Investment income and dividends$1,478,907
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-244,153
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,166
Total revenues$15,798,085

Form 990s for IW

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-12990View PDF
2021-062022-07-11990View PDF
2020-062021-05-25990View PDF
2019-062021-01-21990View PDF
...and 9 more Form 990s

Organizations like IW

OrganizationLocationRevenue
Ben Franklin Technology Partners NE PABethlehem, PA$9,432,353
Rev1 VenturesColumbus, OH$11,093,890
Elevate VenturesIndianapolis, IN$6,491,355
Altarum InstituteNovi, MI$32,837,053
Carolina Small Business Development FundRaleigh, NC$10,484,327
Accion Opportunity Fund Community DevelopmentSan Jose, CA$50,501,448
MassChallengeBoston, MA$10,286,561
WomenVentureSaint Paul, MN$4,218,648
NextCorps (HTR)Rochester, NY$14,656,839
RedfSan Francisco, CA$28,015,674
Data update history
January 5, 2025
Received grants
Identified 1 new grant, including a grant for $615,000 from Bny Mellon Foundation of Southwestern Pa
October 2, 2024
Updated personnel
Identified 13 new personnel
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from Mckinney Charitable Foundation
August 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 25, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Science and technologyBusiness and industry
Characteristics
Political advocacyConducts researchLobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2 Allegheny Ctr 100
Pittsburgh, PA 15212
Metro area
Pittsburgh, PA
County
Allegheny County, PA
Website URL
innovationworks.org/ 
Phone
(412) 681-1520
Facebook page
iwpgh 
Twitter profile
@iwpgh 
IRS details
EIN
25-1588611
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Central organization
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