EIN 25-1588611

Innovation Works (IW)

IRS 501(c) type
501(c)(3)
Num. employees
34
Year formed
1988
Most recent tax filings
2022-06-01
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
$24,072,729
2022
Total expenses
$10,978,543
2022
Total assets
$48,998,670
2022
Num. employees
34
2022

Grants made by IW

GranteeGrant descriptionAmount
Carnegie Mellon University (CMU)University Innovation Grant ($25,000)$25,000

Who funds Innovation Works (IW)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Bny Mellon Foundation of Southwestern PaGeneral Operating$565,000
Richard King Mellon FoundationTo Provide Handson Business Assistance To Technology Startups To Identify Their Most Pressing Needs and Maximize Their Prospects for Commercial Success$250,000
Richard King Mellon FoundationTo Provide Handson Business Assistance To Technology Startups To Identify Their Most Pressing Needs and Maximize Their Prospects for Commercial Success$250,000
...and 2 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of DefenseECONOMIC ADJUSTMENT ASSISTANCE FOR STATE GOVERNMENTS$310,000
Department of CommerceCLUSTER GRANTS$244,905
Appalachian Regional CommissionAPPALACHIAN AREA DEVELOPMENT$225,692

Personnel at IW

NameTitleCompensation
Ven RajuPresident and Chief Executive Officer$121,292
Jim JenVice President and Chief Operating Officer$258,342
Terri GlueckVice President , Communications and Community Development$178,372
Kelley BensonVice President , Human Resources and Inclusion$177,373
Robert StarzynskiVice President , Business Development$179,066
...and 9 more key personnel

Financials for IW

RevenuesFYE 06/2022
Total grants, contributions, etc.$5,590,473
Program services$18,000,352
Investment income and dividends$528,037
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-46,133
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$24,072,729

Form 990s for IW

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2021-062022-07-11990View PDF
2020-062021-05-25990View PDF
2019-062021-01-21990View PDF
2018-062019-08-17990View PDF
...and 8 more Form 990s
Data update history
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 10, 2023
Received grants
Identified 1 new grant, including a grant for $105,000 from Ciervo Foundation
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
November 15, 2022
Used new vendors
Identified 2 new vendors, including , and
January 5, 2022
Updated personnel
Identified 5 new personnel
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Science and technologyBusiness and industry
Characteristics
Political advocacyConducts researchLobbyingReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
2 Allegheny Ctr 100
Pittsburgh, PA 15212
Metro area
Pittsburgh, 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
Free account sign-up

Want updates when IW has new information, or want to find more organizations like Innovation Works (IW)?

Create free Cause IQ account