EIN 45-5191933

Innovation Studio

IRS 501(c) type
501(c)(3)
Num. employees
21
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Innovation Studio empowers innovation through spaces and programs. Its mission is to make entrepreneurship attainable with an inclusive community network.
Also known as...
Venture Cafe Foundation
Total revenues
$1,723,186
2022
Total expenses
$2,252,650
2022
Total assets
$487,657
2022
Num. employees
21
2022

Program areas at Innovation Studio

District hall boston & boston seaport partnerships: district hall is the result of a collaborative public (city of boston), private partnership that opened in the fall of 2013. District hall is a dedicated civic space with the goal creating an environment that fosters Innovation, collaboration, and entrepreneurship. District hall has open workspace, classrooms, assembly space, flexible use 'pod', and writable surfaces everywhere. The organization works with municipalities, non-profit groups, college and universities, industry associations, local neighborhood groups, and companies to make informational resources available and presents educational programs and activities that encourage innovators to connect, collaborate and start a new business. These types of programs that have already been run at district hall include hackathons, pitch competitions, panel discussions, fireside chats, interviews, demonstrations, conferences, company meetings, brainstorming and community gatherings. As a result of the organization's success with district hall, other boston seaport Innovation and work spaces have sought out Innovation Studio forming partnerships to activate their existing Innovation spaces. Innovation Studio formed a partnership with worcester polytechnic institute, who has Innovation and meeting space in the seaport, helping to increase traffic to their location and bring awareness to their presence in the city. A partnership with echelon seaport allowed Innovation Studio to demonstrate how to successfully run their on-site Innovation center that is available to their residents and local area businesses and individuals.
Roxbury Innovation center (ric): the roxbury Innovation center is a civic Innovation center that will support local economic development by encouraging Innovation and entrepreneurship focused on the city of boston neighborhoods of roxbury, dorchester and mattapan. These neighbors have a higher unemployment rate and a greater wealth income gap from the rest of the city of boston. Since opening in the fall of 2015, ric has activated programs and events to help adults and youth learn small business/startup and technical skills to make entrepreneurship and Innovation viable career options for all. It has always been the mission of the organization that "Innovation is for everyone- and through programming at ric, the organization has continued this mission. Ric also provides a place for the local community to gather, obtain advice and connect with other resources from around greater boston and the world through pitch nights and other programming. The organization also produces programming to activate and connect the three physical spaces to the Innovation community locally, nationally, and internationally.
Biz bodega and rhode island programs: with the intention of increasing social and economic mobility for residents in providence, Innovation Studio partnered with one neighborhood builders to open and operate biz bodega, a comprehensive and vibrant business support office for new and growing small businesses located in central providence. Innovation Studio provides live and virtual programs to create impactful and inclusive pathways to collaboration. This is achieved by cultivating relationships and providing resources for anyone to successfully launch and grow a business. Innovation Studio is committed to equitable availability of resources to residents in providence and rhode island.
Massachusetts programs: Innovation Studio's pathways to entrepreneurship continuum of small business and startup programs provides an individualized approach to Innovation. Through business accelerators, 1-2-1 advising services, and networking opportunities entrepreneurs and business owners gain access to the resources and skills they need to be successful.

Who funds Innovation Studio

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
One Neighborhood BuildersPromote Equity, Public Health and Community Safety$114,600
The Boston Foundation (TBF)Operating Support/annual Fund$50,000
The Bank of America Charitable FoundationProgram/operating Support$25,000
...and 2 more grants received

Personnel at Innovation Studio

NameTitleCompensation
Ashley MedirosVice President Strategy$107,308
Tuni Renaud SchartnerExecutive Director$120,209
Daniel VidanaPresident$132,150
Kevin WiantPast Finance / Clerk / Executive Director , Boston$0
Vinit NihjawanVice Chair / Governance C / Director$0
...and 5 more key personnel

Financials for Innovation Studio

RevenuesFYE 12/2022
Total grants, contributions, etc.$420,389
Program services$914,597
Investment income and dividends$12
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$388,188
Total revenues$1,723,186

Form 990s for Innovation Studio

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-08-10990View PDF
2020-122021-11-02990View PDF
2019-122022-03-16990View PDF
2018-122020-02-05990View PDF
...and 6 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 7 new personnel
December 31, 2023
Received grants
Identified 4 new grant, including a grant for $114,600 from One Neighborhood Builders
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsSchoolsCharities
Issues
EducationEconomic developmentBusiness and industry
Characteristics
Receives government fundingTax deductible donations
General information
Address
2300 Washington St 2nd Floor
Roxbury, MA 02119
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
innovationstudio.org/ 
Phone
(857) 254-1857
IRS details
EIN
45-5191933
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
6116: Other Schools and Instruction
Parent/child status
Independent
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