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Nonprofiteer
← INNOVATE ALBION INC

Form 990-EZ for tax year 2024

Filed by INNOVATE ALBION INC.

Totals

Total revenue
$101,441
Total expenses
$99,757
Contributions and grants received
$84,326
Grants paid
$17,500
Program service revenue
$17,115
Membership dues (line 3)
$0
Investment income (line 4)
$0
Gain or loss on sale of assets (line 5c)
$0
Gaming and fundraising events, net (line 6d)
$0
Gross profit on inventory sales (line 7c)
$0
Other revenue (line 8)
not reported
Total assets, end of year
$278,803
Total liabilities, end of year
$2,199
Net assets or fund balances, end of year
$276,604
Program service expenses (Part III)
$40,098

Program services were 40.2% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

INNOVATE Albion primary exempt purpose is to provide educational opportunities for K-12 grade students in the areas of science technology engineering and math.

  • The FIRST Robotics Competition program at INNOVATE Albion served a total of 40 students in 2024. Funds were used to purchase materials for the enrolled students to design and build a competition robot for the season. Materials included motors aluminum extrusions and electronics. Funds were also used to offset the cost of competition registrations. In 2024 the 40 enrolled students excelled at the competition level and represented INNOVATE Albion and our mission to provide hands on learning at the local state and national levels.

    Expenses $31,858

  • The FIRST Tech Challenge program at INNOVATE Albion served a total of 15 students in 2024. Funds were used to purchase materials for the enrolled students to design and build a competition robot for the season as well as offset the cost of participating in three competition events between September and December 2024. Materials purchased included wheels motors aluminum extrusions electronics and nuts and bolts. The students enrolled in this program represented the mission of INNOVATE Albion at the local and state level during their competition season.

    Expenses $5,606

  • The FIRST Lego League team program at INNOVATE Albion served a total of 35 students in 2024. Funds were used to purchase the necessary materials for enrolled students to build their Lego robot purchase the necessary game field and provide team spirit items such as t-shirts at no cost to the participants. Funds were also used to pay registration fees for five teams of students to participate in the regional competition.

    Expenses $2,634

As filed on the 2024 return.

Listed in Part IV

  • William Dobbins

    President

    Total calculated
    $0
    Hours/week
    2
  • Elmer Lee

    Vice President

    Total calculated
    $0
    Hours/week
    10
  • Emily Verbeke

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Caroline Hurteau

    Executive Director

    Total calculated
    $0
    Hours/week
    30
  • Annette Norris

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
21 April 2025
IRS schema version
2024v5.1
Source object
202541119349200714

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