{"success":true,"data":{"_id":251588611,"filings":[{"Organization":{"value":null,"Person":["MR MICHAEL STUBLER","MR ANDREW MOORE","DR TOM EMERSON","DR MARK REDFERN","DR ERIC COOPER","MR RON DAVENPORT","MR JUAN GARRETT","MS CATHERINE MOTT","MS EMILIE RAY","DR STEVEN REIS","MR GARY GLAUSSER","MR FRANK DEMMLER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR CHUCK BRANDT","JIM JEN","LOUIS MILLER JR","DESMOND O'CONNOR","ILANA DIAMOND","LARRY WEIDMAN"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER (THROUGH 06/17)","BOARD MEMBER (THROUGH 06/17)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER (BEGINING 01/17)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","VP & CHIEF INVESTMENT OFFI","SECR/TREAS, VP, ENTREPRENE","PRESIDENT & CEO","CONTROLLER","VP, TECHNOLOGY PROGRAMS","EXECUTIVE DIRECTOR, ALPHAL","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","MANAGING DIRECTOR, ALPHALA","EXECUTIVE IN RESIDENCE"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,260790,283813,429382,181662,217737,252476,244397,223843,227259,217038],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,218313,248045,380216,148079,178775,212149,202032,183036,182115,180159],"Other compensation":[0,0,0,0,0,0,0,0,0,0,42477,35768,49166,33583,38962,40327,42365,40807,45144,36879]},"Basic":{"value":null,"mission":"Innovation 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.","year":2016,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":145,"tax_period_begin":"2016-07-01T00:00:00","tax_period_end":"2017-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":6,"Number of employees total":34,"Total Gross UBI":0,"Net unrelated business taxable income":-7852,"Number of employees":34,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":14141080,"Contributions":{"value":10732913,"Other contributions":1626000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":9106913,"Related organizations":0},"Program revenue":{"value":3041107,"Total revenue":{"value":3041107,"LOAN & EQUITY INCOME":3035587,"ROYALTIES":5520},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":196551,"Investment income total":196551,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":170509,"Other total":170509,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10758984,"Grant expense":{"value":366448,"Grants to domestic orgs":366448,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4437572,"Current officers":1197975,"Disqualified persons":0,"Other salaries and wages":2327165,"Pension plan contributions":423016,"Other employee benefits":319055,"Payroll taxes":170361},"Other expenses":{"value":5954964,"Management services":0,"Legal":74233,"Accounting":31917,"Lobbying services":30064,"Investment management fees":43636,"Other services":428248,"Advertising":35957,"Office expenses":106022,"Information technology":82646,"Royalties":0,"Occupancy":268735,"Travel":44432,"Conferences and meetings":32110,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":158432,"Insurance":26955,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":4526772,"INVESTMENT IN PORTFOLIO":4176517,"REGIONAL INFRASTRUCTURE":285822,"RECRUITING EXPENSES":35457,"SUBSCRIPTIONS AND MEMBE":28976},"All other expenses":64805},"Functional Expenses":{"value":null,"Program Service Expenses":9269352,"Management And General Expenses":1477597,"Fundraising Expenses":12035}},"Assets":{"value":29291913,"Non-interest bearing cash":500,"Savings and temp cash investments":8576139,"Pledges and grants receivable":0,"Accounts receivable":332957,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":93717,"Land, building, equipment":483177,"Investments publicly traded":15459905,"Investments other":0,"Investments program related":4292124,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":8386999,"Sum of Total Liabilities":0,"Accounts payable, accrued":958329,"Grants payable":0,"Deferred, revenue":7235410,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":193260},"Fund balance":{"value":20904914,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":19412475,"Temporarily restricted net assets":1492439,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8615452908936383,"percentile":0.7110097637211701},"Fundraising Efficiency":{"score":891.8083090984628,"percentile":0.9746283831462649},"Operating Margin":{"score":0.23916815405895447,"percentile":0.7921178458994362},"Liabilities to Assets Ratio":{"score":0.28632472723785574,"percentile":0.20766862821250243},"Operating Reserve Ratio":{"score":2.722553821067119,"percentile":0.6910250655836729},"Officer Compensation Ratio":{"score":0.23593277952639394,"percentile":0.2592751228665325},"Program Expense Growth":{"score":0.011612973176344995,"percentile":0.36942813245232864},"Revenue Growth":{"score":0.15127381587612196,"percentile":0.8499083528400261},"Asset Growth":{"score":0.1042833255231062,"percentile":0.6934163053044065},"Independent Voting Board Pct":{"score":0.6,"percentile":0.14358321820463743},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6515885189749497,"percentile":0.745537491828126}},"source_xml":"201801319349303830_public.xml"},{"Organization":{"value":null,"Person":["MR RONALD BIANCHINI JR","MS ANN DUGAN","DR TOM EMERSON","MR WILLIAM GENERETT JR","MR ROGER BYFORD","MR MARK REDFERN","MR MICHAEL GREEN","DR RANDY JUHL","MR MICHAEL STUBLER","MR GARY GLAUSSER","MR FRANK DEMMLER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","JIM JEN","LOUIS MILLER JR","DESMOND O'CONNOR","JEFFREY MCDANIEL","CHUCK BRANDT"],"Title":["BOARD CHAIR","BOARD MEMBER (THROUGH 4/14)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER (7/13 - 12/13)","BOARD MEMBER (BEGINNING 4/14)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","CHIEF INVESTMENT OFFICER","VP, ENTREPRENEURIAL EXECUTIVES TEAM","PRESIDENT & CEO","CONTROLLER","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","VP TECHNOLOGY PROGRAMS"],"Hours":[2.5,0.8,0.8,0.8,0.8,0.8,0.8,0.8,0.8,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,188409,262400,391875,162907,221247,221438,204502,194555,190860],"Direct compensation":[0,0,0,0,0,0,0,0,0,164232,234444,343870,133470,186609,187745,170752,155791,158140],"Other compensation":[0,0,0,0,0,0,0,0,0,24177,27956,48005,29437,34638,33693,33750,38764,32720]},"Basic":{"value":null,"mission":"Innovation 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 distressed communities.","year":2013,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":132,"tax_period_begin":"2013-07-01T00:00:00","tax_period_end":"2014-06-30T00:00:00","address":"2000 TECHNOLOGY DRIVE NO 250, PITTSBURGH, PA, 152193109, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":152193109},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":4,"Number of employees total":37,"Total Gross UBI":0,"Net unrelated business taxable income":-1769,"Number of employees":37,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":9062884,"Contributions":{"value":7416489,"Other contributions":1774713,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":5641776,"Related organizations":0},"Program revenue":{"value":1334782,"Total revenue":{"value":1334782,"LOAN & EQUITY INCOME":1260096,"ROYALTIES":74686},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":119731,"Investment income total":119555,"Net investment gain":176,"Income from invest bond proceeds":0},"Other revenues":{"value":191882,"Other total":191882,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10326980,"Grant expense":{"value":235331,"Grants to domestic orgs":235331,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4083160,"Current officers":927725,"Disqualified persons":0,"Other salaries and wages":2320225,"Pension plan contributions":389754,"Other employee benefits":277672,"Payroll taxes":167784},"Other expenses":{"value":6008489,"Management services":0,"Legal":48106,"Accounting":31447,"Lobbying services":33350,"Investment management fees":0,"Other services":116213,"Advertising":63415,"Office expenses":53762,"Information technology":141694,"Royalties":0,"Occupancy":258745,"Travel":22029,"Conferences and meetings":34745,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":68171,"Insurance":28950,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":5047401,"INVESTMENT IN PORTFOLIO":4805930,"REGIONAL INFRASTRUCTURE":220349,"SUBSCRIPTIONS AND MEMBE":16951,"RELOCATION EXPENSES":4171},"All other expenses":60461},"Functional Expenses":{"value":null,"Program Service Expenses":8984185,"Management And General Expenses":1276409,"Fundraising Expenses":66386}},"Assets":{"value":21804337,"Non-interest bearing cash":500,"Savings and temp cash investments":7223275,"Pledges and grants receivable":0,"Accounts receivable":408490,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":59875,"Land, building, equipment":354521,"Investments publicly traded":12579792,"Investments other":0,"Investments program related":1162884,"Intangible assets":0,"Other assets":15000},"Liabilities":{"value":6844905,"Sum of Total Liabilities":0,"Accounts payable, accrued":1023892,"Grants payable":0,"Deferred, revenue":5625513,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":195500},"Fund balance":{"value":14959432,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":14034641,"Temporarily restricted net assets":924791,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8699721506190581,"percentile":0.7238186058501769},"Fundraising Efficiency":{"score":111.7176663754406,"percentile":0.876978332310865},"Operating Margin":{"score":-0.13948054504504306,"percentile":0.18868016432295653},"Liabilities to Assets Ratio":{"score":0.31392401429128525,"percentile":0.19604642816760157},"Operating Reserve Ratio":{"score":2.1113952965920335,"percentile":0.6301347605289053},"Officer Compensation Ratio":{"score":0.19736583202446406,"percentile":0.31846057746171397},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.5714285714285714,"percentile":0.13672735574814468},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5373474188991629,"percentile":0.4208839602886419}},"source_xml":"201521349349303807_public.xml"},{"Organization":{"value":null,"Person":["MS CATHERINE MOTT THRU 1223","MR ROB A RUTENBAR","DR STEVEN REIS","MR JOE FERRARA","MS DONNA MYERS","MR JIMMY WILLIAMS","MR WILLIAM SANDERS","MR TOM JONES","MR RON BIANCHINI JR","MS REBECCA DOERGE","MR VEN RAJU","MR KIRK BOTULA","MS KELLI MCMURRAY","MS KELLEY BENSON","MS TERRI GLUECK THRU 124","MR ROBERT STARZYNSKI","MS AFSHAN KHAN","MR JEFFERY MCDANIEL","MR AARON TAINTER","MS DEBORAH WALKER","MS CIGDEM HAJIPOURAN BENAM","MR RICHARD R LUNAK","MR JIM JEN"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD CHAIR (AS OF 1/24)","BOARD MEMBER (AS OF 1/24)","BOARD MEMBER (THRU 7/23)","PRESIDENT & CEO","VP & CSOO","SECRETARY & CONTROLLER","VP HR & INCLUSION","VP OF COMMUNICATION & COMMUNITY DEV.","VP BUSINESS DEV. & TREASURER","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","DIRECTOR OF ACCELERATOR PROGRAMS","SR. LEGAL COUNSEL","PORTFOLIO EXECUTIVE","FORMER PRESIDENT & CEO","FORMER VP & COO"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,2.5,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,576041,298798,176815,257082,243624,272461,237029,252192,186534,208104,163403,246427,343854],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,524732,253489,157479,217606,205960,231272,190444,207962,169626,189747,148114,218638,320952],"Other compensation":[0,0,0,0,0,0,0,0,0,0,51309,45309,19336,39476,37664,41189,46585,44230,16908,18357,15289,27789,22902]},"Basic":{"value":null,"mission":"Innovation 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.","year":2023,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"VEN RAJU","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":50,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"TWO ALLEGHENY CENTER 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":5,"Number of employees total":42,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":42,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":13218069,"Contributions":{"value":10671016,"Other contributions":1370026,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":9300990,"Related organizations":0},"Program revenue":{"value":1815284,"Total revenue":{"value":1815284,"LOAN & EQUITY INCOME":1814466,"ROYALTIES":818},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":724374,"Investment income total":1418120,"Net investment gain":-693746,"Income from invest bond proceeds":0},"Other revenues":{"value":7395,"Other total":7395,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":16611674,"Grant expense":{"value":559460,"Grants to domestic orgs":559460,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":6095632,"Current officers":1597571,"Disqualified persons":0,"Other salaries and wages":3353190,"Pension plan contributions":458353,"Other employee benefits":427133,"Payroll taxes":259385},"Other expenses":{"value":9956582,"Management services":0,"Legal":301179,"Accounting":48845,"Lobbying services":49787,"Investment management fees":46896,"Other services":1265398,"Advertising":22717,"Office expenses":329528,"Information technology":234004,"Royalties":0,"Occupancy":903129,"Travel":22805,"Conferences and meetings":73226,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":60461,"Insurance":60598,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":6363825,"INVESTMENT IN PORTFOLIO":5723298,"PROGRAM EXPENSES":450474,"OFFICE FURNITURE & EQUI":161312,"SUBSCRIPTIONS AND MEMBE":28741},"All other expenses":174184},"Functional Expenses":{"value":null,"Program Service Expenses":14348251,"Management And General Expenses":2153582,"Fundraising Expenses":109841}},"Assets":{"value":45772445,"Non-interest bearing cash":0,"Savings and temp cash investments":11696628,"Pledges and grants receivable":0,"Accounts receivable":2122395,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":103323,"Land, building, equipment":272786,"Investments publicly traded":21026792,"Investments other":0,"Investments program related":8551480,"Intangible assets":0,"Other assets":1999041},"Liabilities":{"value":5993293,"Sum of Total Liabilities":0,"Accounts payable, accrued":2277162,"Grants payable":0,"Deferred, revenue":1684670,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":2031461},"Fund balance":{"value":39779152,"Net assets without donor restriction":39219190,"Net assets with donor restriction":559962,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8637450385794954,"percentile":0.714360000966705},"Fundraising Efficiency":{"score":97.1496617838512,"percentile":0.8639041779114187},"Operating Margin":{"score":-0.25673984603953875,"percentile":0.12713853912187856},"Liabilities to Assets Ratio":{"score":0.1309367022015101,"percentile":0.29815906383299495},"Operating Reserve Ratio":{"score":2.755438434440743,"percentile":0.6937209632721327},"Officer Compensation Ratio":{"score":0.20842956585832348,"percentile":0.3002221682823398},"Program Expense Growth":{"score":0.041627465009776356,"percentile":0.4984404469233531},"Revenue Growth":{"score":0.04515653769063426,"percentile":0.5855795776475559},"Asset Growth":{"score":0.07926070683997687,"percentile":0.6265243590451681},"Independent Voting Board Pct":{"score":0.625,"percentile":0.14540588280494296},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5368513493232174,"percentile":0.41948606736723965}},"source_xml":"202521359349310282_public.xml"},{"Organization":{"value":null,"Person":["MS CATHERINE MOTT","MR ROB A RUTENBAR","MR JUAN GARRETT","DR STEVEN REIS","MS REBECCA DOERGE","MR JOE FERRARA","MR TOM JONES","MS DONNA MYERS","MR JIMMY WILLIAMS","MR RICHARD R LUNAK","MR JIM JEN","MR GARY GLAUSSER","MS SUSAN KIJOWSKI","MS TERRI GLUECK","MR ROBERT STARZYNSKI","MR VEN RAJU","MS KELLEY BENSON","MR JEFFERY MCDANIEL","MR JAMES WRUBEL","MR AFSHAN KHAN","MR LARRY MILLER","MS MEGAN SHAW"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","PRESIDENT & CEO","VP & COO","VP, TREASURER & CIO (THRU 6/2021)","SECRETARY & CONTROLLER","VP, COMMUNICATIONS & COMMUNITY DEVELOPMENT","VP, BUSINESS DEVELOPMENT","VP, TREASURER & CIO (AS OF 7/2021)","VP, HUMAN RESOURCES & INCLUSION","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,480101,304307,241056,217485,215698,211325,133872,215346,227323,196988,220479,157580,184377],"Direct compensation":[0,0,0,0,0,0,0,0,0,431063,258342,215980,183016,178372,179066,121292,177373,190659,170443,168641,139936,166453],"Other compensation":[0,0,0,0,0,0,0,0,0,49038,45965,25076,34469,37326,32259,12580,37973,36664,26545,51838,17644,17924]},"Basic":{"value":null,"mission":"Innovation 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.","year":2021,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"VEN RAJU","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":208,"tax_period_begin":"2021-07-01T00:00:00","tax_period_end":"2022-06-30T00:00:00","address":"TWO ALLEGHENY CENTER 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":5,"Number of employees total":34,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":34,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":24072729,"Contributions":{"value":5590473,"Other contributions":1789329,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":3801144,"Related organizations":0},"Program revenue":{"value":18000352,"Total revenue":{"value":18000352,"LOAN & EQUITY INCOME":17999698,"ROYALTIES":654},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":481904,"Investment income total":528037,"Net investment gain":-46133,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10978543,"Grant expense":{"value":101727,"Grants to domestic orgs":101727,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":5153863,"Current officers":1924300,"Disqualified persons":0,"Other salaries and wages":2281492,"Pension plan contributions":504696,"Other employee benefits":217939,"Payroll taxes":225436},"Other expenses":{"value":5722953,"Management services":0,"Legal":271974,"Accounting":37338,"Lobbying services":42009,"Investment management fees":67077,"Other services":185726,"Advertising":21150,"Office expenses":81124,"Information technology":188470,"Royalties":0,"Occupancy":517947,"Travel":23072,"Conferences and meetings":12108,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":31440,"Insurance":52284,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3972634,"INVESTMENT IN PORTFOLIO":3779999,"REGIONAL INFRASTRUCTURE":155620,"SUBSCRIPTIONS AND MEMBE":20979,"OFFICE FURNITURE & EQUI":16036},"All other expenses":218600},"Functional Expenses":{"value":null,"Program Service Expenses":8957242,"Management And General Expenses":2014908,"Fundraising Expenses":6393}},"Assets":{"value":48998670,"Non-interest bearing cash":177,"Savings and temp cash investments":20554779,"Pledges and grants receivable":0,"Accounts receivable":745092,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":74611,"Land, building, equipment":96921,"Investments publicly traded":21546429,"Investments other":0,"Investments program related":5927267,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":3129667,"Sum of Total Liabilities":0,"Accounts payable, accrued":1412698,"Grants payable":0,"Deferred, revenue":1636348,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":80621},"Fund balance":{"value":45869003,"Net assets without donor restriction":45458574,"Net assets with donor restriction":410429,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8158862246110435,"percentile":0.6457569703463221},"Fundraising Efficiency":{"score":874.467855466917,"percentile":0.9742107552153088},"Operating Margin":{"score":0.5439427328741997,"percentile":0.9297418885563943},"Liabilities to Assets Ratio":{"score":0.06387248878387923,"percentile":0.3673248578821532},"Operating Reserve Ratio":{"score":4.463130490084158,"percentile":0.7877635346088392},"Officer Compensation Ratio":{"score":0.2738010863554481,"percentile":0.21338801990870052},"Program Expense Growth":{"score":0.0037765795841448527,"percentile":0.33834246928665873},"Revenue Growth":{"score":0.07235286029503403,"percentile":0.6891653655205662},"Asset Growth":{"score":0.08719634612736538,"percentile":0.6493325860772053},"Independent Voting Board Pct":{"score":0.5555555555555556,"percentile":0.13454863279600987},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6475979317814473,"percentile":0.7357106445646263}},"source_xml":"202341329349307589_public.xml"},{"Organization":{"value":null,"Person":["MR RONALD BIANCHINI JR","MR ANDREW MOORE","DR TOM EMERSON","MR WILLIAM GENERETT JR","MR MARK REDFERN","MR MICHAEL GREEN","DR RANDY JUHL","MR MICHAEL STUBLER","MR GARY GLAUSSER","MR FRANK DEMMLER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR CHUCK BRANDT","JIM JEN","LOUIS MILLER JR","DESMOND O'CONNOR","ILANA DIAMOND","LARRY WEIDMAN"],"Title":["BOARD CHAIR","BOARD MEMBER (BEGINNING 12/14)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER (THROUGH 12/14)","BOARD MEMBER (THROUGH 06/15)","BOARD MEMBER","VP & CHIEF INVESTMENT OFFICER","SECR/TREAS, VP, ENTREPRENEURIAL EXECS","PRESIDENT & CEO","CONTROLLER","VP, TECHNOLOGY PROGRAMS","EXECUTIVE DIRECTOR, ALPHALAB","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","MANAGING DIRECTOR, ALPHALAB GEAR","EXECUTIVE IN RESIDENCE"],"Hours":[2.5,0.8,0.8,0.8,0.8,0.8,0.8,0.8,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,232823,271880,403008,167409,189251,235693,227190,210327,205136,197163],"Direct compensation":[0,0,0,0,0,0,0,0,202207,243340,352880,136765,154909,198903,192370,174910,168993,173989],"Other compensation":[0,0,0,0,0,0,0,0,30616,28540,50128,30644,34342,36790,34820,35417,36143,23174]},"Basic":{"value":null,"mission":"Innovation 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 distressed communities.","year":2014,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":167,"tax_period_begin":"2014-07-01T00:00:00","tax_period_end":"2015-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":3,"Number of employees total":35,"Total Gross UBI":0,"Net unrelated business taxable income":-161,"Number of employees":35,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":10494003,"Contributions":{"value":7542188,"Other contributions":3275000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":4267188,"Related organizations":0},"Program revenue":{"value":2896651,"Total revenue":{"value":2896651,"LOAN & EQUITY INCOME":2864898,"ROYALTIES":31753},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":27163,"Investment income total":97782,"Net investment gain":-70619,"Income from invest bond proceeds":0},"Other revenues":{"value":28001,"Other total":28001,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":9467605,"Grant expense":{"value":519499,"Grants to domestic orgs":519499,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":3858024,"Current officers":1113749,"Disqualified persons":0,"Other salaries and wages":1957755,"Pension plan contributions":368581,"Other employee benefits":270607,"Payroll taxes":147332},"Other expenses":{"value":5090082,"Management services":0,"Legal":104620,"Accounting":44359,"Lobbying services":33935,"Investment management fees":40372,"Other services":141128,"Advertising":40045,"Office expenses":78639,"Information technology":86248,"Royalties":0,"Occupancy":226378,"Travel":26272,"Conferences and meetings":33952,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":107146,"Insurance":24764,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":4065016,"INVESTMENT IN PORTFOLIO":3841014,"REGIONAL INFRASTRUCTURE":185823,"SUBSCRIPTIONS AND MEMBE":26018,"RELOCATION EXPENSES":12161},"All other expenses":37208},"Functional Expenses":{"value":null,"Program Service Expenses":8065374,"Management And General Expenses":1388028,"Fundraising Expenses":14203}},"Assets":{"value":22918098,"Non-interest bearing cash":500,"Savings and temp cash investments":4424467,"Pledges and grants receivable":0,"Accounts receivable":500321,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":53856,"Land, building, equipment":553393,"Investments publicly traded":14912859,"Investments other":0,"Investments program related":2419308,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":7514750,"Sum of Total Liabilities":0,"Accounts payable, accrued":1032467,"Grants payable":0,"Deferred, revenue":6258577,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":223706},"Fund balance":{"value":15403348,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":14950262,"Temporarily restricted net assets":453086,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8518916874964683,"percentile":0.6964499770407546},"Fundraising Efficiency":{"score":531.0278110258396,"percentile":0.9618201665327377},"Operating Margin":{"score":0.09780805284694506,"percentile":0.6194307799633928},"Liabilities to Assets Ratio":{"score":0.32789588385563234,"percentile":0.19044385505208666},"Operating Reserve Ratio":{"score":2.4206859073651676,"percentile":0.6637801295364693},"Officer Compensation Ratio":{"score":0.2471459255006942,"percentile":0.24464932917290788},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.5,"percentile":0.13286510289801773},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6200692867518258,"percentile":0.6629066213528044}},"source_xml":"201601309349301650_public.xml"},{"Organization":{"value":null,"Person":["MR ROBERT A RUTENBAR","MR RON DAVENPORT","MR JUAN GARRETT","MS CATHERINE MOTT","DR STEVEN REIS","MS REBECCA DOERGE","MR JOE FERRARA","MR TOM JONES","MS DONNA MYERS","MR JIMMY WILLIAMS","MR GARY GLAUSSER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR JIM JEN","MS TERRI GLUECK","MR JEFFERY MCDANIEL","MR LOUIS MILLER JR","MS ILANA DIAMOND","MR ROBERT STARZYNSKI"],"Title":["BOARD MEMBER","BOARD MEMBER (THRU 12/19)","BOARD MEMBER","BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","VP, TREASURER, & CIO","PRESIDENT & CEO","SECRETARY & CONTROLLER","VP & COO","DIRECTOR, COMMUNITY DEVELOPMENT & CO","PORTFOLIO EXECUTIVE","MANAGING DIRECTOR OF LIFE SCIENCES","MANAGING DIRECTOR OF HARDWARE AND ALPHALAB GEAR","DIRECTOR OF BUSINESS DEVELOPMENT"],"Hours":[0.75,0.75,0.75,2.5,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,278902,458138,204791,296533,214599,224648,246809,237521,205866],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,233136,407841,166427,246782,171633,184588,214326,215710,170883],"Other compensation":[0,0,0,0,0,0,0,0,0,0,45766,50297,38364,49751,42966,40060,32483,21811,34983]},"Basic":{"value":null,"mission":"Innovation 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.","year":2019,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":180,"tax_period_begin":"2019-07-01T00:00:00","tax_period_end":"2020-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":5,"Number of employees total":32,"Total Gross UBI":0,"Net unrelated business taxable income":-1600,"Number of employees":32,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":8003735,"Contributions":{"value":5831337,"Other contributions":732914,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":5098423,"Related organizations":0},"Program revenue":{"value":1784557,"Total revenue":{"value":1784557,"LOAN & EQUITY INCOME":1783576,"ROYALTIES":981},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":384241,"Investment income total":658510,"Net investment gain":-274269,"Income from invest bond proceeds":0},"Other revenues":{"value":3600,"Other total":3600,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10531596,"Grant expense":{"value":696904,"Grants to domestic orgs":696904,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4849211,"Current officers":1121305,"Disqualified persons":0,"Other salaries and wages":2729200,"Pension plan contributions":462061,"Other employee benefits":336757,"Payroll taxes":199888},"Other expenses":{"value":4985481,"Management services":0,"Legal":153020,"Accounting":33574,"Lobbying services":40298,"Investment management fees":48125,"Other services":551796,"Advertising":40603,"Office expenses":110660,"Information technology":97876,"Royalties":0,"Occupancy":412622,"Travel":44695,"Conferences and meetings":14154,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":79557,"Insurance":41946,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3193040,"INVESTMENT IN PORTFOLIO":2940002,"REGIONAL INFRASTRUCTURE":221689,"SUBSCRIPTIONS AND MEMBE":24766,"OFFICE FURNITURE & EQUI":6583},"All other expenses":123515},"Functional Expenses":{"value":null,"Program Service Expenses":8877809,"Management And General Expenses":1651310,"Fundraising Expenses":2477}},"Assets":{"value":31593952,"Non-interest bearing cash":500,"Savings and temp cash investments":7019411,"Pledges and grants receivable":0,"Accounts receivable":601708,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":85252,"Land, building, equipment":159986,"Investments publicly traded":16695076,"Investments other":0,"Investments program related":6978625,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":4467818,"Sum of Total Liabilities":0,"Accounts payable, accrued":982716,"Grants payable":0,"Deferred, revenue":3383336,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":101766},"Fund balance":{"value":27126134,"Net assets without donor restriction":26659206,"Net assets with donor restriction":466928,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8429690048877682,"percentile":0.6827974833444773},"Fundraising Efficiency":{"score":2354.193379087606,"percentile":0.988464828527732},"Operating Margin":{"score":-0.3158351694552606,"percentile":0.10867859910949952},"Liabilities to Assets Ratio":{"score":0.14141371107989276,"percentile":0.28997489483525146},"Operating Reserve Ratio":{"score":2.9999206198186865,"percentile":0.7123519605582489},"Officer Compensation Ratio":{"score":0.2248288863340371,"percentile":0.27497341941357145},"Program Expense Growth":{"score":0.012488742930062935,"percentile":0.37301981746373825},"Revenue Growth":{"score":-0.004063111474143116,"percentile":0.3525390616797845},"Asset Growth":{"score":0.07604116469595952,"percentile":0.6167439575847105},"Independent Voting Board Pct":{"score":0.5555555555555556,"percentile":0.13454863279600987},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5054733661513837,"percentile":0.33512952907807264}},"source_xml":"202111349349307011_public.xml"},{"Organization":{"value":null,"Person":["MR MICHAEL STUBLER","MR ANDREW MOORE","MS JELENA KOVACEVIC","MR ROBERT A RUTENBAR","DR ERIC COOPER","MR RON DAVENPORT","MR JUAN GARRETT","MS CATHERINE MOTT","MS EMILIE RAY","DR STEVEN REIS","MR GARY GLAUSSER","MR FRANK DEMMLER THRU 618","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR JIM JEN","MR CHUCK BRANDT","MR LOUIS MILLER JR","MR DESMOND O'CONNOR","MS ILANA DIAMOND","MS TERRI GLUECK","MR JEFFERY MCDANIEL"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER (02/18-05/18)","BOARD MEMBER (BEGINNING 7/17)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","VP, TREASURER, & CIO","SECR/TREAS, VP, ENTREPRENEURIAL EXEC TEAM","PRESIDENT & CEO","SECRETARY & CONTROLLER","VP & COO (BEGINNING 6/18)","VP, TECHNOLOGY PROGRAMS (THRU 6/18)","MANAGING DIRECTOR OF LIFE SCIENCES","PORTFOLIO EXECUTIVE","MANAGING DIRECTOR, ALPHALA","DIRECTOR, COMMUNITY DEVELOPMENT & COMMUNICATIONS","PORTFOLIO EXECUTIVE"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,262815,274953,444083,195580,259074,222400,247419,229127,228932,210242,217584],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,224405,239208,395480,163094,219750,185192,208921,189101,189800,170660,185439],"Other compensation":[0,0,0,0,0,0,0,0,0,0,38410,35745,48603,32486,39324,37208,38498,40026,39132,39582,32145]},"Basic":{"value":null,"mission":"Innovation 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.","year":2017,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":134,"tax_period_begin":"2017-07-01T00:00:00","tax_period_end":"2018-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":6,"Number of employees total":32,"Total Gross UBI":0,"Net unrelated business taxable income":-46852,"Number of employees":32,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":17409236,"Contributions":{"value":9214096,"Other contributions":1228000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":7986096,"Related organizations":0},"Program revenue":{"value":7958922,"Total revenue":{"value":7958922,"LOAN & EQUITY INCOME":7952028,"ROYALTIES":6894},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":137864,"Investment income total":357643,"Net investment gain":-219779,"Income from invest bond proceeds":0},"Other revenues":{"value":98354,"Other total":98354,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":12471434,"Grant expense":{"value":407955,"Grants to domestic orgs":407955,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":5037553,"Current officers":1511164,"Disqualified persons":0,"Other salaries and wages":2564471,"Pension plan contributions":489076,"Other employee benefits":278655,"Payroll taxes":194187},"Other expenses":{"value":7025926,"Management services":0,"Legal":88305,"Accounting":33508,"Lobbying services":23047,"Investment management fees":46266,"Other services":434833,"Advertising":272442,"Office expenses":129386,"Information technology":112743,"Royalties":0,"Occupancy":297595,"Travel":65660,"Conferences and meetings":43047,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":162323,"Insurance":28011,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":5205082,"INVESTMENT IN PORTFOLIO":4790073,"REGIONAL INFRASTRUCTURE":364821,"OFFICE FURNITURE & EQUI":34009,"SUBSCRIPTIONS AND MEMBE":16179},"All other expenses":83678},"Functional Expenses":{"value":null,"Program Service Expenses":10901066,"Management And General Expenses":1557089,"Fundraising Expenses":13279}},"Assets":{"value":35705589,"Non-interest bearing cash":500,"Savings and temp cash investments":13824173,"Pledges and grants receivable":0,"Accounts receivable":435066,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":70358,"Land, building, equipment":361540,"Investments publicly traded":15577468,"Investments other":0,"Investments program related":5383090,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":7123606,"Sum of Total Liabilities":0,"Accounts payable, accrued":1666039,"Grants payable":0,"Deferred, revenue":5321596,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":135971},"Fund balance":{"value":28581983,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":27013416,"Temporarily restricted net assets":1568567,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8740828039502113,"percentile":0.7301201131044928},"Fundraising Efficiency":{"score":693.8847804804578,"percentile":0.9690782519534906},"Operating Margin":{"score":0.28363117140809624,"percentile":0.8249196656231231},"Liabilities to Assets Ratio":{"score":0.19950955017154318,"percentile":0.2513427248280575},"Operating Reserve Ratio":{"score":2.8629898534522975,"percentile":0.7021934381365244},"Officer Compensation Ratio":{"score":0.22388836760872888,"percentile":0.2763243041551671},"Program Expense Growth":{"score":0.05544217826326414,"percentile":0.5513127238108622},"Revenue Growth":{"score":0.15895836385473588,"percentile":0.85888997049429},"Asset Growth":{"score":0.12524600682949372,"percentile":0.7386220301685503},"Independent Voting Board Pct":{"score":0.6666666666666666,"percentile":0.15937247719534797},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6865984716036594,"percentile":0.8252887828792315}},"source_xml":"201921359349307677_public.xml"},{"Organization":{"value":null,"Person":["MR RICHARD R LUNAK","MR VEN RAJU","MR JIM JEN","MR KIRK BOTULA","MR ROBERT STARZYNSKI","MS MEGAN SHAW","MR JEFFERY MCDANIEL","MS TERRI GLUECK","MS KELLEY BENSON","MR AFSHAN KHAN","MR MICHAEL FORMICA","MR JAMES WRUBEL","MS SUSAN KIJOWSKI","MS KELLI MCMURRAY","MS CATHERINE MOTT","MR ROBERT A RUTENBAR","DR STEVEN REIS","MS REBECCA DOERGE","MR JOE FERRARA","MR TOM JONES","MS DONNA MYERS","MR JIMMY WILLIAMS","MR WILLIAM SANDERS","MR JUAN GARRETT"],"Title":["PRESIDENT & CEO (THRU 9/22)","PRESIDENT & CEO (AS OF 10/22)","VP & COO (THRU 2/23)","VP & CSOO (AS OF 3/23)","VP OF BUSINESS DEVELOPMENT, TREASURER","PORTFOLIO EXECUTIVE (THRU 4/23)","PORTFOLIO EXECUTIVE","VP, COMMUNICATIONS & COMMU","VP HUMAN RESOURCES & INCLU","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE (THRU 6/23)","PORTFOLIO EXECUTIVE","SECRETARY & CONTROLLER (THRU 7/22)","SECRETARY & CONTROLLER (AS OF 7/22)","BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER (AS OF 6/23)","BOARD MEMBER (THRU 12/22)"],"Hours":[40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75],"Total Compensation":[566046,400950,337006,0,253632,245651,243558,236626,236376,227512,221112,212501,183405,147033,0,0,0,0,0,0,0,0,0,0],"Direct compensation":[513325,355029,285880,0,216077,223885,203468,198235,201004,184884,184876,183224,159146,130486,0,0,0,0,0,0,0,0,0,0],"Other compensation":[52721,45921,51126,0,37555,21766,40090,38391,35372,42628,36236,29277,24259,16547,0,0,0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Innovation 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.","year":2022,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"VEN RAJU","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":55,"tax_period_begin":"2022-07-01T00:00:00","tax_period_end":"2023-06-30T00:00:00","address":"TWO ALLEGHENY CENTER 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":5,"Number of employees total":38,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":38,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":15798085,"Contributions":{"value":12537505,"Other contributions":1615940,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":10921565,"Related organizations":0},"Program revenue":{"value":2024660,"Total revenue":{"value":2024660,"LOAN & EQUITY INCOME":2017833,"ROYALTIES":6827},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1234754,"Investment income total":1478907,"Net investment gain":-244153,"Income from invest bond proceeds":0},"Other revenues":{"value":1166,"Other total":1166,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":15866669,"Grant expense":{"value":446560,"Grants to domestic orgs":446560,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":6287904,"Current officers":2191032,"Disqualified persons":0,"Other salaries and wages":2963379,"Pension plan contributions":421550,"Other employee benefits":439334,"Payroll taxes":272609},"Other expenses":{"value":9132205,"Management services":0,"Legal":438166,"Accounting":69481,"Lobbying services":47391,"Investment management fees":62016,"Other services":683354,"Advertising":22860,"Office expenses":96153,"Information technology":179055,"Royalties":0,"Occupancy":602867,"Travel":39178,"Conferences and meetings":23720,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":29348,"Insurance":57133,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":6710780,"INVESTMENT IN PORTFOLIO":6341000,"PROGRAM EXPENSES":336073,"SUBSCRIPTIONS AND MEMBE":24251,"OFFICE FURNITURE & EQUI":9456},"All other expenses":70703},"Functional Expenses":{"value":null,"Program Service Expenses":12826325,"Management And General Expenses":2997239,"Fundraising Expenses":43105}},"Assets":{"value":49208659,"Non-interest bearing cash":0,"Savings and temp cash investments":17251795,"Pledges and grants receivable":0,"Accounts receivable":1382758,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":117556,"Land, building, equipment":65991,"Investments publicly traded":23782875,"Investments other":0,"Investments program related":5461598,"Intangible assets":0,"Other assets":1146086},"Liabilities":{"value":7710198,"Sum of Total Liabilities":0,"Accounts payable, accrued":2116827,"Grants payable":0,"Deferred, revenue":4436210,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1157161},"Fund balance":{"value":41498461,"Net assets without donor restriction":40977816,"Net assets with donor restriction":520645,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8083817088514293,"percentile":0.6361040174651382},"Fundraising Efficiency":{"score":290.8596450527781,"percentile":0.939456430846095},"Operating Margin":{"score":-0.004341285668484503,"percentile":0.3742140050327319},"Liabilities to Assets Ratio":{"score":0.15668376575756718,"percentile":0.27873041936440673},"Operating Reserve Ratio":{"score":3.1013856153424517,"percentile":0.719396256339856},"Officer Compensation Ratio":{"score":0.22130719434558066,"percentile":0.2801762303868971},"Program Expense Growth":{"score":0.02547955399758549,"percentile":0.4291234540501679},"Revenue Growth":{"score":0.0616260957062163,"percentile":0.6521229468978409},"Asset Growth":{"score":0.08771783074804687,"percentile":0.6508241078134712},"Independent Voting Board Pct":{"score":0.5555555555555556,"percentile":0.13454863279600987},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5600606843536,"percentile":0.4871582836754705}},"source_xml":"202441369349307664_public.xml"},{"Organization":{"value":null,"Person":["MR RONALD BIANCHINI JR","MR ANDREW MOORE","DR TOM EMERSON","MR WILLIAM GENERETT JR","MR MARK REDFERN","DR ERIC COOPER","MR RON DAVENPORT","MR MICHAEL STUBLER","MS CATHERINE MOTT","MS EMILIE RAY","DR STEVEN REIS","MR GARY GLAUSSER","MR FRANK DEMMLER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR CHUCK BRANDT","JIM JEN","LOUIS MILLER JR","DESMOND O'CONNOR","ILANA DIAMOND","LARRY WEIDMAN"],"Title":["BOARD CHAIR (THROUGH 03/16)","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER (THROUGH 03/16)","BOARD MEMBER","BOARD MEMBER (BEGINING 11/15)","BOARD MEMBER (BEGINING 11/15)","BOARD CHAIR (AS OF 03/16)","BOARD MEMBER (BEGINING 07/15)","BOARD MEMBER (BEGINING 03/16)","BOARD MEMBER (BEGINING 07/15)","VP & CHIEF INVESTMENT OFFI","SECR/TREAS, VP, ENTREPRENE","PRESIDENT & CEO","CONTROLLER","VP, TECHNOLOGY PROGRAMS","EXECUTIVE DIRECTOR, ALPHAL","EXECUTIVE IN RESIDENCE","EXECUTIVE IN RESIDENCE","MANAGING DIRECTOR, ALPHALA","EXECUTIVE IN RESIDENCE"],"Hours":[2.5,0.8,0.8,0.8,0.8,0.8,0.8,2.5,0.8,0.8,0.8,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,0,252540,270969,412383,171277,197656,237490,233763,214976,215605,208603],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,211892,237546,367280,140410,163109,201304,194430,178662,176037,180575],"Other compensation":[0,0,0,0,0,0,0,0,0,0,0,40648,33423,45103,30867,34547,36186,39333,36314,39568,28028]},"Basic":{"value":null,"mission":"Innovation 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 distressed communities.","year":2015,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":56,"tax_period_begin":"2015-07-01T00:00:00","tax_period_end":"2016-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":5,"Number of employees total":27,"Total Gross UBI":0,"Net unrelated business taxable income":-414,"Number of employees":27,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":12871126,"Contributions":{"value":10663740,"Other contributions":3002500,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":7661240,"Related organizations":0},"Program revenue":{"value":1975352,"Total revenue":{"value":1975352,"LOAN & EQUITY INCOME":1966261,"ROYALTIES":9091},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":85056,"Investment income total":141990,"Net investment gain":-56934,"Income from invest bond proceeds":0},"Other revenues":{"value":146978,"Other total":146978,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":9739112,"Grant expense":{"value":18276,"Grants to domestic orgs":18276,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4064614,"Current officers":1164035,"Disqualified persons":0,"Other salaries and wages":2074926,"Pension plan contributions":388675,"Other employee benefits":279508,"Payroll taxes":157470},"Other expenses":{"value":5656222,"Management services":0,"Legal":205776,"Accounting":43672,"Lobbying services":29953,"Investment management fees":42634,"Other services":366458,"Advertising":24833,"Office expenses":108280,"Information technology":82744,"Royalties":0,"Occupancy":49848,"Travel":50348,"Conferences and meetings":33416,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":153016,"Insurance":19497,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":4385381,"INVESTMENT IN PORTFOLIO":3945590,"REGIONAL INFRASTRUCTURE":292609,"OFFICE FURNITURE & EQUI":124292,"412 BUILD PROGRAM STIPE":22890},"All other expenses":60366},"Functional Expenses":{"value":null,"Program Service Expenses":8212401,"Management And General Expenses":1518276,"Fundraising Expenses":8435}},"Assets":{"value":26716824,"Non-interest bearing cash":500,"Savings and temp cash investments":6092323,"Pledges and grants receivable":0,"Accounts receivable":1296226,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":160763,"Land, building, equipment":618383,"Investments publicly traded":15561396,"Investments other":0,"Investments program related":2933839,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":9844257,"Sum of Total Liabilities":0,"Accounts payable, accrued":1142265,"Grants payable":0,"Deferred, revenue":8441582,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":260410},"Fund balance":{"value":16872567,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":16715067,"Temporarily restricted net assets":157500,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.843239198809912,"percentile":0.6831791304487929},"Fundraising Efficiency":{"score":1264.2252519264966,"percentile":0.9807631934423774},"Operating Margin":{"score":0.24333644158250023,"percentile":0.7955456226095083},"Liabilities to Assets Ratio":{"score":0.3684665886933267,"percentile":0.17539673370663336},"Operating Reserve Ratio":{"score":2.7432505140099015,"percentile":0.6927280888086093},"Officer Compensation Ratio":{"score":0.24799612120694373,"percentile":0.24358317538010116},"Program Expense Growth":{"score":-0.04582684795637393,"percentile":0.20526503404881402},"Revenue Growth":{"score":0.17615519643463817,"percentile":0.8766281124268621},"Asset Growth":{"score":0.10314679355786711,"percentile":0.6907189499238399},"Independent Voting Board Pct":{"score":0.5555555555555556,"percentile":0.13454863279600987},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6283994494335724,"percentile":0.6857422721419539}},"source_xml":"201721329349303502_public.xml"},{"Organization":{"value":null,"Person":["MS CATHERINE MOTT","MR ROB A RUTENBAR","MR JUAN GARRETT","DR STEVEN REIS","MS REBECCA DOERGE","MR JOE FERRARA","MR TOM JONES","MS DONNA MYERS","MR JIMMY WILLIAMS","MR RICHARD R LUNAK","MR JIM JEN","MR GARY GLAUSSER","MS SUSAN KIJOWSKI","MS TERRI GLUECK","MR JEFFERY MCDANIEL","MR LOUIS MILLER JR","MR ROBERT STARZYNSKI","MR JAMES WRUBEL"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","PRESIDENT & CEO","VP & COO","VP, TREASURER, & CIO","SECRETARY & CONTROLLER","DIRECTOR, COMMUNITY DEVELOPMENT & COMMUNICATIONS","PORTFOLIO EXECUTIVE","MANAGING DIRECTOR OF LIFE SCIENCES","DIRECTOR OF BUSINESS DEVELOPMENT","PORTFOLIO EXECUTIVE"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,478930,306830,293493,216034,220958,231157,255149,216796,198910],"Direct compensation":[0,0,0,0,0,0,0,0,0,427935,256520,247571,176942,177677,190715,221235,181507,179948],"Other compensation":[0,0,0,0,0,0,0,0,0,50995,50310,45922,39092,43281,40442,33914,35289,18962]},"Basic":{"value":null,"mission":"Innovation 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.","year":2020,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":183,"tax_period_begin":"2020-07-01T00:00:00","tax_period_end":"2021-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":5,"Number of employees total":32,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":32,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":14661317,"Contributions":{"value":4714569,"Other contributions":949043,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":3765526,"Related organizations":0},"Program revenue":{"value":9503123,"Total revenue":{"value":9503123,"LOAN & EQUITY INCOME":9490627,"ROYALTIES":12496},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":443625,"Investment income total":472475,"Net investment gain":-28850,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10207940,"Grant expense":{"value":180721,"Grants to domestic orgs":180721,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4735457,"Current officers":1138562,"Disqualified persons":0,"Other salaries and wages":2684003,"Pension plan contributions":458907,"Other employee benefits":257254,"Payroll taxes":196731},"Other expenses":{"value":5291762,"Management services":0,"Legal":97894,"Accounting":30855,"Lobbying services":34722,"Investment management fees":51083,"Other services":371601,"Advertising":42439,"Office expenses":89812,"Information technology":115891,"Royalties":0,"Occupancy":427445,"Travel":8034,"Conferences and meetings":924,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":31440,"Insurance":43264,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3743701,"INVESTMENT IN PORTFOLIO":3563232,"REGIONAL INFRASTRUCTURE":145354,"SUBSCRIPTIONS AND MEMBE":26054,"OFFICE FURNITURE & EQUI":9061},"All other expenses":202657},"Functional Expenses":{"value":null,"Program Service Expenses":8605513,"Management And General Expenses":1599988,"Fundraising Expenses":2439}},"Assets":{"value":37710828,"Non-interest bearing cash":500,"Savings and temp cash investments":13598003,"Pledges and grants receivable":0,"Accounts receivable":830931,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":64865,"Land, building, equipment":128548,"Investments publicly traded":17019532,"Investments other":0,"Investments program related":6015055,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":3192315,"Sum of Total Liabilities":0,"Accounts payable, accrued":1049269,"Grants payable":0,"Deferred, revenue":2047408,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":95638},"Fund balance":{"value":34518513,"Net assets without donor restriction":34442078,"Net assets with donor restriction":76435,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8430215107063717,"percentile":0.6828711946057857},"Fundraising Efficiency":{"score":1932.9926199261993,"percentile":0.9863949300929246},"Operating Margin":{"score":0.3037501337703837,"percentile":0.8375980984286928},"Liabilities to Assets Ratio":{"score":0.08465247700209605,"percentile":0.3414992715897043},"Operating Reserve Ratio":{"score":3.6942642687946834,"percentile":0.7541579775836309},"Officer Compensation Ratio":{"score":0.23689960951964842,"percentile":0.2579462156424248},"Program Expense Growth":{"score":0.005005115064688504,"percentile":0.34309225099207286},"Revenue Growth":{"score":0.018745337273460908,"percentile":0.45825399771715003},"Asset Growth":{"score":0.07317828024430371,"percentile":0.6078584691660123},"Independent Voting Board Pct":{"score":0.5555555555555556,"percentile":0.13454863279600987},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6234580523364314,"percentile":0.6722857029151567}},"source_xml":"202201339349306820_public.xml"},{"Organization":{"value":null,"Person":["MR MICHAEL STUBLER","MR ANDREW MOORE","MR ROB A RUTENBAR","DR ERIC COOPER","MR RON DAVENPORT","MR JUAN GARRETT","MS CATHERINE MOTT","MS EMILIE RAY","DR STEVEN REIS","MS REBECCA DOERGE","MR JOE FERRARA","MR TOM JONES","MS DONNA MYERS","MR JIMMY WILLIAMS","MR GARY GLAUSSER","MR RICHARD R LUNAK","MS SUSAN KIJOWSKI","MR JIM JEN","MS TERRI GLUECK","MR JEFFERY MCDANIEL","MR LOUIS MILLER JR","MR AFSHAN KHAN","MR DESMOND O'CONNOR","MR CHUCK BRANDT","MR FRANK DEMMLER THRU 618"],"Title":["BOARD CHAIR (THRU 12/18)","BOARD MEMBER (THRU 12/18)","BOARD MEMBER","BOARD MEMBER (THRU 4/19)","BOARD MEMBER","BOARD MEMBER","BOARD CHAIR (BEGINNING 1/19)","BOARD MEMBER (THRU 1/19)","BOARD MEMBER","BOARD MEMBER (BEGINNING 11/18)","BOARD MEMBER (BEGINNING 2/19)","BOARD MEMBER (BEGINNING 2/19)","BOARD MEMBER (BEGINNING 2/19)","BOARD MEMBER (BEGINNING 1/19)","VP, TREASURER, & CIO","PRESIDENT & CEO","SECRETARY & CONTROLLER","VP & COO","DIRECTOR, COMMUNITY DEVELOPMENT & COMMUNICATIONS","PORTFOLIO EXECUTIVE","MANAGING DIRECTOR OF LIFE SCIENCES","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","VP, TECHNOLOGY PROGRAMS (THRU 6/18)","SECR/TREAS, VP, ENTREPRENEURIAL EXEC TEAM"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,2.5,0.75,0.75,0.75,0.75,0.75,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,276346,457987,202221,282620,217576,223199,255025,203788,156019,208223,292840],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,233269,410879,166764,239801,178423,187522,212890,163280,120447,179582,269215],"Other compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,43077,47108,35457,42819,39153,35677,42135,40508,35572,28641,23625]},"Basic":{"value":null,"mission":"Innovation 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.","year":2018,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"RICHARD R LUNAK","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":170,"tax_period_begin":"2018-07-01T00:00:00","tax_period_end":"2019-06-30T00:00:00","address":"TWO ALLEGHENY CENTER NO 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":6,"Number of employees total":33,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":33,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":9154339,"Contributions":{"value":5281468,"Other contributions":1311174,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":3970294,"Related organizations":0},"Program revenue":{"value":3228729,"Total revenue":{"value":3228729,"LOAN & EQUITY INCOME":3225721,"ROYALTIES":3008},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":625552,"Investment income total":625552,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":18590,"Other total":18590,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10232669,"Grant expense":{"value":191262,"Grants to domestic orgs":191262,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":4280528,"Current officers":1090800,"Disqualified persons":0,"Other salaries and wages":2333407,"Pension plan contributions":410905,"Other employee benefits":262782,"Payroll taxes":182634},"Other expenses":{"value":5760879,"Management services":0,"Legal":192672,"Accounting":35877,"Lobbying services":37424,"Investment management fees":45485,"Other services":622028,"Advertising":66604,"Office expenses":126859,"Information technology":121375,"Royalties":0,"Occupancy":397625,"Travel":57278,"Conferences and meetings":36392,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":121996,"Insurance":30306,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3825332,"INVESTMENT IN PORTFOLIO":3419330,"REGIONAL INFRASTRUCTURE":330511,"OFFICE FURNITURE & EQUI":53160,"SUBSCRIPTIONS AND MEMBE":22331},"All other expenses":43626},"Functional Expenses":{"value":null,"Program Service Expenses":8448151,"Management And General Expenses":1782361,"Fundraising Expenses":2157}},"Assets":{"value":34547924,"Non-interest bearing cash":500,"Savings and temp cash investments":9833338,"Pledges and grants receivable":0,"Accounts receivable":1025392,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":90624,"Land, building, equipment":239544,"Investments publicly traded":15766925,"Investments other":0,"Investments program related":7538207,"Intangible assets":0,"Other assets":53394},"Liabilities":{"value":4872091,"Sum of Total Liabilities":0,"Accounts payable, accrued":1008887,"Grants payable":0,"Deferred, revenue":3749670,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":113534},"Fund balance":{"value":29675833,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":28024482,"Temporarily restricted net assets":1651351,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8256058121297581,"percentile":0.6585921954677644},"Fundraising Efficiency":{"score":2448.524802967084,"percentile":0.988811411707215},"Operating Margin":{"score":-0.11779441421166509,"percentile":0.20638766057449448},"Liabilities to Assets Ratio":{"score":0.14102413215914217,"percentile":0.2902540914699795},"Operating Reserve Ratio":{"score":3.3762378124417003,"percentile":0.7367158833036024},"Officer Compensation Ratio":{"score":0.27127272464300367,"percentile":0.21616109422640847},"Program Expense Growth":{"score":0.021901970773682857,"percentile":0.4134636559865844},"Revenue Growth":{"score":0.0526782633290111,"percentile":0.6174330900141132},"Asset Growth":{"score":0.1049271889050013,"percentile":0.6949308166614192},"Independent Voting Board Pct":{"score":0.6,"percentile":0.14358321820463743},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5421822714810194,"percentile":0.434603309386501}},"source_xml":"202001489349301100_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["MS CATHERINE MOTT THRU 1223","MR ROB A RUTENBAR","DR STEVEN REIS","MR JOE FERRARA","MS DONNA MYERS","MR JIMMY WILLIAMS","MR WILLIAM SANDERS","MR TOM JONES","MR RON BIANCHINI JR","MS REBECCA DOERGE","MR VEN RAJU","MR KIRK BOTULA","MS KELLI MCMURRAY","MS KELLEY BENSON","MS TERRI GLUECK THRU 124","MR ROBERT STARZYNSKI","MS AFSHAN KHAN","MR JEFFERY MCDANIEL","MR AARON TAINTER","MS DEBORAH WALKER","MS CIGDEM HAJIPOURAN BENAM","MR RICHARD R LUNAK","MR JIM JEN"],"Title":["BOARD CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD CHAIR (AS OF 1/24)","BOARD MEMBER (AS OF 1/24)","BOARD MEMBER (THRU 7/23)","PRESIDENT & CEO","VP & CSOO","SECRETARY & CONTROLLER","VP HR & INCLUSION","VP OF COMMUNICATION & COMMUNITY DEV.","VP BUSINESS DEV. & TREASURER","PORTFOLIO EXECUTIVE","PORTFOLIO EXECUTIVE","DIRECTOR OF ACCELERATOR PROGRAMS","SR. LEGAL COUNSEL","PORTFOLIO EXECUTIVE","FORMER PRESIDENT & CEO","FORMER VP & COO"],"Hours":[2.5,0.75,0.75,0.75,0.75,0.75,0.75,2.5,0.75,0.75,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0,40.0],"Total Compensation":[0,0,0,0,0,0,0,0,0,0,576041,298798,176815,257082,243624,272461,237029,252192,186534,208104,163403,246427,343854],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,524732,253489,157479,217606,205960,231272,190444,207962,169626,189747,148114,218638,320952],"Other compensation":[0,0,0,0,0,0,0,0,0,0,51309,45309,19336,39476,37664,41189,46585,44230,16908,18357,15289,27789,22902]},"Basic":{"value":null,"mission":"Innovation 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.","year":2023,"name":"INNOVATION WORKS INC","phone":4126811520,"website":"WWW.INNOVATIONWORKS.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"VEN RAJU","year_formation":1988,"state_legal_domicile":"PA","total_volunteers":50,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"TWO ALLEGHENY CENTER 100, PITTSBURGH, PA, 15212, USA","city":"PITTSBURGH","state":"PA","country":"USA","zip_code":15212},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":5,"Number of employees total":42,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":42,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":13218069,"Contributions":{"value":10671016,"Other contributions":1370026,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":9300990,"Related organizations":0},"Program revenue":{"value":1815284,"Total revenue":{"value":1815284,"LOAN & EQUITY INCOME":1814466,"ROYALTIES":818},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":724374,"Investment income total":1418120,"Net investment gain":-693746,"Income from invest bond proceeds":0},"Other revenues":{"value":7395,"Other total":7395,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":16611674,"Grant expense":{"value":559460,"Grants to domestic orgs":559460,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":6095632,"Current officers":1597571,"Disqualified persons":0,"Other salaries and wages":3353190,"Pension plan contributions":458353,"Other employee benefits":427133,"Payroll taxes":259385},"Other expenses":{"value":9956582,"Management services":0,"Legal":301179,"Accounting":48845,"Lobbying services":49787,"Investment management fees":46896,"Other services":1265398,"Advertising":22717,"Office expenses":329528,"Information technology":234004,"Royalties":0,"Occupancy":903129,"Travel":22805,"Conferences and meetings":73226,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":60461,"Insurance":60598,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":6363825,"INVESTMENT IN PORTFOLIO":5723298,"PROGRAM EXPENSES":450474,"OFFICE FURNITURE & EQUI":161312,"SUBSCRIPTIONS AND MEMBE":28741},"All other expenses":174184},"Functional Expenses":{"value":null,"Program Service Expenses":14348251,"Management And General Expenses":2153582,"Fundraising Expenses":109841}},"Assets":{"value":45772445,"Non-interest bearing cash":0,"Savings and temp cash investments":11696628,"Pledges and grants receivable":0,"Accounts receivable":2122395,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":103323,"Land, building, equipment":272786,"Investments publicly traded":21026792,"Investments other":0,"Investments program related":8551480,"Intangible assets":0,"Other assets":1999041},"Liabilities":{"value":5993293,"Sum of Total Liabilities":0,"Accounts payable, accrued":2277162,"Grants payable":0,"Deferred, revenue":1684670,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":2031461},"Fund balance":{"value":39779152,"Net assets without donor restriction":39219190,"Net assets with donor restriction":559962,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8637450385794954,"percentile":0.714360000966705},"Fundraising Efficiency":{"score":97.1496617838512,"percentile":0.8639041779114187},"Operating Margin":{"score":-0.25673984603953875,"percentile":0.12713853912187856},"Liabilities to Assets Ratio":{"score":0.1309367022015101,"percentile":0.29815906383299495},"Operating Reserve Ratio":{"score":2.755438434440743,"percentile":0.6937209632721327},"Officer Compensation Ratio":{"score":0.20842956585832348,"percentile":0.3002221682823398},"Program Expense Growth":{"score":0.041627465009776356,"percentile":0.4984404469233531},"Revenue Growth":{"score":0.04515653769063426,"percentile":0.5855795776475559},"Asset Growth":{"score":0.07926070683997687,"percentile":0.6265243590451681},"Independent Voting Board Pct":{"score":0.625,"percentile":0.14540588280494296},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5368513493232174,"percentile":0.41948606736723965}},"source_xml":"202521359349310282_public.xml"},"sector":"","donation_categories":[],"zakat_policy":null},"error":null}