Innovate Pasadena

Nonprofit profile at a glance

EIN
954825583
IRS 990-EZ coverage
2013–2024
Forms available
Form 990 2018, Form 990-EZ 2024, Form 990-N 2011
Location
Pasadena, CA, USA
Phone
6267141424
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$8,659
Expenses
$15,887
Assets
$453
Liabilities
$33,602

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • ROB MCCLINTON (President)

People named in this filing

  • ROBBIE KNOCK (Director)
  • ALLEN EDSON (Director)
  • ROB MCCLINTON (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of innovate pasadena is to advance greater pasadena as a center for technology and design innovation by supporting collaboration across and within business, academia, and the broader community in order to attract and retain companies, entrepreneurs, and capital.

What it reported doing in 2024

Provided promotional opportunities to technology and design enterprises and to our community supporters including municipalities, academic institutions, and other non-profit organizations through a website and bi-weekly newsletters. The website includes local companies and institutions, investment capital sources, job listings, and calendar of technology, design and business events.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 9
  • Transparency & Controls: 82
  • Sustainability: 13
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.7%; rating input score 11
  • Program expense ratio: 5.8%; rating input score 6

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -83.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 74.18; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -21.4% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -21.1% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -29.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 10.7% of revenue deployed · 5.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $927 in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Financial Efficiency: Program expense ratio scored 6/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.