Innovators Robotics Inc

Nonprofit profile at a glance

EIN
270281940
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Dayton, OH, USA
Phone
9372390169
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$18,516
Expenses
$13,773
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Robert Miller (Executive Officer)
  • Lisa Adkins (Treasurer)
  • Jonathan Potter (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Innovators Robotics, Inc. is a nonprofit organization to provide science, technology, engineering, and math (STEM) opportunities to students in the Dayton area. The organization is run by a group of volunteers dedicated to inspiring students to pursue STEM related careers. We are a community organization not affiliated with any school and opened to all students. Innovators Robotics funds FIRST robotics teams for students of different age groups, FRC (9th - 12th grade), FTC (7th - 12th grade) and FLL (4th-8th grade). The purpose for our organization is to provide STEM exploration and leadership opportunities for students as well as providing volunteer services for community educational projects in the Dayton and surrounding areas. We provide all these opportunities at no cost to the students. The organization never recovered from the COVID period and December 2023, Innovators Robotics merged into RaiseSTEM allowing students to continue in these programs.

What it reported doing in 2023

Our organization provides science, technology, engineering, and math (STEM) exploration opportunities for students and supports educational outreach projects in Dayton and surrounding areas. The purpose is to overcome the national shortage of STEM professionals by increasing the number of STEM opportunities in the education system and inspiring the students to explore and pursue STEM careers. Students learn and develop engineering, manufacturing, fabrication, programming, CAD modeling and public speaking skills, while building and programming robots to compete in the FIRST Robotics Competitions. Students will learn skills that they can take directly into the job market. There is no cost to students to join the organization. Since 2010, 90% of our students have pursued degrees in STEM with over $2 million in awarded scholarships. In addition, 5% of the students have entered the workforce in technical positions

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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: 0
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 25.6%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -83.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 67% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -99.6% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.