Ohio Invention League Inc

What it reported doing in 2022

Ohio invention league (oil) is funded 100% by donations from individuals, foundations, and corporations. All services and resources are offered to families, educators, out-of-school progrmas, and districts at no charge. Oil is a year-round steam educational program that uses the invention process to teach k-12 students to develop innovative problem-solving skills. The program is highly engaging because it is student centered, accessible, and enables all students regardless of learning level to experience success. Students investigate then self-select a problem in their own lives, their family, or community. After research, design, and ideation, inventors build a prototype (which can also be software or an app). This design process teaches determination and perseverance as students are allowed to fail and rise above the challenges. The year culminates with levels of competition where inventors use communication and entrepreneurial skills to present their invention to volunteer judges and/or mentors. Invention education engages students in transdisciplinary learning. The november 2022 national science and technology council white papers states, "transdisciplinary learning produces critical thinkers and engaged learners, and it instills more workforce readiness skills in students than traditional education models. In particular, it fosters innovation and the ability to solve complex societal issues." adam jezard, senior contributor to the world economic forum, states, "demand for higher cognitive skills such as creativity, critical thinking and decision making, and complex information processing, will grow through 2030 at cumulative double-digit rates. Ohio invention league is helping to prepare the future workforce needed to fill these roles. Ohio invention league celebrated 30 years of impacting oh k-12 students this year. (1993-2023) program highlights: -professional development video series produced for educators, providing on-demand pd -student focused invention video series produced. -oil represented at statewide conference with out-of-school educators and program leaders. -oil partnered with organizations to provide the invention convention program to inner city students. -over 28,000 in Ohio collegeadvantage savings 529 awards given to oh students. -mentorinventor, Ohio's alumni program, included monthly meetings with special guests to cover topics such as intellectual property, entrepreneurship, and developing creativity. Students also participated in small group mentoring sessions with volunteers from sponsors and businesses. -2023 teacher of excellence recognized. Events: -national kid inventor day was celebrated at the Ohio state house with fifty (50) students from across the state. The event included astakeholder panel of students, alumni, educators, and sponsors. -seven (7) student ambassadors presented their projects to over 1,500 guests at the cleveland cavaliers "score with stem" event. -30th anniversary celebration at cosi with alumni, oil board, and volunteers. -460 students participated in regional competition. -345 students participated in state finals. -student showcase and awards ceremony held at Ohio university. Statistics from overall participation: -53% female -47% male -23% students of color -26% financially disadvantaged -58% individual projects -42% team projects -81% first time inventors -19% repeat inventors how/where students participate: -general education classrooms -homeschool -online classrooms -gifted/talented programs -out-of-school programs -school clubs -other partner organizations or challenges student recognition: -regional awards given by grade level for each state region -109 students awarded at state competition including 3 edison, 30 industry, 24 grade level, and 52 honorable mention -10 oil inventors earned 10 awards at u.s. National competition -1 student earned a full patent award at u.s. Nationals. -2 students (team) earned a licensing award -5 oil inventors participated in the in

Financial Efficiency

• Mission deployment rate: 68.6%; rating input score 69
• Program expense ratio: 82.9%; rating input score 83

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: 17.2%; rating input score 69; 69th percentile among comparable filings
• Total-asset coverage ratio: 0.47; rating input score 34; 34th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 44.3%; rating input score 6; 6th percentile among comparable filings

Growth

• Program expense growth: 8.5% per year; rating input score 100; 59th percentile among comparable filings
• Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
• Asset growth: 51.6% per year; rating input score 100; 94th percentile among comparable filings