Civic Intelligence

Innovation Works Inc.

990 • Fiscal year 2013 • EIN 25-1588611

Jul 01, 2012 to Jun 30, 2013 • Filed on May 12, 2014

Organization ProfileWWW.INNOVATIONWORKS.ORG

View Organization Page

2000 Technology Drive No 25015219-3109
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.31x

Higher debt load relative to assets than 56% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$23,092,527

Up $2,148,986 (+10%) from 2012

Net Assets

Up

$15,867,717

Up $2,999,660 (+23%) from 2012

Liabilities

Down

$7,224,810

Down $850,674 (-11%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$10,605,586

Up $1,391,967 (+15%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $8,283,860Liabilities 2010: $3,989,567Net Assets 2010: $4,294,2932010Assets 2011: $16,992,415Liabilities 2011: $5,088,869Net Assets 2011: $11,903,5462011Assets 2012: $20,943,541Liabilities 2012: $8,075,484Net Assets 2012: $12,868,0572012Assets 2013: $23,092,527Liabilities 2013: $7,224,810Net Assets 2013: $15,867,7172013Assets 2014: $21,804,337Liabilities 2014: $6,844,905Net Assets 2014: $14,959,4322014Assets 2015: $22,918,098Liabilities 2015: $7,514,750Net Assets 2015: $15,403,3482015Assets 2016: $26,716,824Liabilities 2016: $9,844,257Net Assets 2016: $16,872,5672016Assets 2017: $29,291,913Liabilities 2017: $8,386,999Net Assets 2017: $20,904,9142017Assets 2018: $35,705,589Liabilities 2018: $7,123,606Net Assets 2018: $28,581,9832018Assets 2019: $34,547,924Liabilities 2019: $4,872,091Net Assets 2019: $29,675,8332019Assets 2020: $31,593,952Liabilities 2020: $4,467,818Net Assets 2020: $27,126,1342020Assets 2021: $37,710,828Liabilities 2021: $3,192,315Net Assets 2021: $34,518,5132021Assets 2022: $48,998,670Liabilities 2022: $3,129,667Net Assets 2022: $45,869,0032022Assets 2023: $49,208,659Liabilities 2023: $7,710,198Net Assets 2023: $41,498,4612023Assets 2024: $45,772,445Liabilities 2024: $5,993,293Net Assets 2024: $39,779,1522024

Highlighted filing

2013

Assets$23,092,527
Liabilities$7,224,810
Net Assets$15,867,717
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $7,390,5122010Expenses 2011: $8,907,4682011Expenses 2012: $9,213,6192012Expenses 2013: $10,605,5862013Revenue 2014: $9,062,884Expenses 2014: $10,326,980Net Income 2014: -$1,264,0962014Revenue 2015: $10,494,003Expenses 2015: $9,467,605Net Income 2015: $1,026,3982015Revenue 2016: $12,871,126Expenses 2016: $9,739,112Net Income 2016: $3,132,0142016Revenue 2017: $14,141,080Expenses 2017: $10,758,984Net Income 2017: $3,382,0962017Revenue 2018: $17,409,236Expenses 2018: $12,471,434Net Income 2018: $4,937,8022018Revenue 2019: $9,154,339Expenses 2019: $10,232,669Net Income 2019: -$1,078,3302019Revenue 2020: $8,003,735Expenses 2020: $10,531,596Net Income 2020: -$2,527,8612020Revenue 2021: $14,661,317Expenses 2021: $10,207,940Net Income 2021: $4,453,3772021Revenue 2022: $24,072,729Expenses 2022: $10,978,543Net Income 2022: $13,094,1862022Revenue 2023: $15,798,085Expenses 2023: $15,866,669Net Income 2023: -$68,5842023Revenue 2024: $13,218,069Expenses 2024: $16,611,674Net Income 2024: -$3,393,6052024

Highlighted filing

2013

Revenue-
Expenses$10,605,586
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 12, 2014
Return Version
2012v2.1
Gross Receipts
$21,359,016
Mission and Program Overview

Mission

See schedule oinnovation works' mission is to increase the success rate of the region's technology and technology adopting companies through direct investment, business assistance, and infrastructure development. Underlying iw's mission is the belief that innovation is a key engine of growth for the southwestern pennsylvania region. Activities undertaken by innovation works in pursuit of this mission have resulted in significant community development benefits, including creation of jobs, attraction of investment, and increased competitive advantage for companies located in southwestern pennsylvania.

Filing and Contact Details

Filer

EIN
25-1588611
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IRS990/PayrollTaxes/Fundraising02089
IRS990/PayrollTaxes/ManagementAndGeneral036307
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$23,092,527
Liabilities
$7,224,810
Net assets
$15,867,717
Revenue
-
Expenses
$10,605,586
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$45.8$5.99$39.8$13.2$16.6$3.39
2023Detailed filing. Detailed filing data is available for this year.$49.2$7.71$41.5$15.8$15.9$0.07
2022Detailed filing. Detailed filing data is available for this year.$49.0$3.13$45.9$24.1$11.0$13.1
2021Detailed filing. Detailed filing data is available for this year.$37.7$3.19$34.5$14.7$10.2$4.45
2020Detailed filing. Detailed filing data is available for this year.$31.6$4.47$27.1$8.00$10.5$2.53
2019Detailed filing. Detailed filing data is available for this year.$34.5$4.87$29.7$9.15$10.2$1.08
2018Detailed filing. Detailed filing data is available for this year.$35.7$7.12$28.6$17.4$12.5$4.94
2017Detailed filing. Detailed filing data is available for this year.$29.3$8.39$20.9$14.1$10.8$3.38
2016Detailed filing. Detailed filing data is available for this year.$26.7$9.84$16.9$12.9$9.74$3.13
2015Detailed filing. Detailed filing data is available for this year.$22.9$7.51$15.4$10.5$9.47$1.03
2014Detailed filing. Detailed filing data is available for this year.$21.8$6.84$15.0$9.06$10.3$1.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$7.22$15.9$10.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$8.08$12.9$9.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$5.09$11.9$8.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.28$3.99$4.29$7.39