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Nonprofiteer
← CENTER FOR INNOVATIONS IN EDUCATION

Form 990 for tax year 2024

Filed by CENTER FOR INNOVATIONS IN EDUCATION.

Totals

Total revenue
$312,542
Total expenses
$481,372
Contributions and grants received
$312,435
Grants paid
$0
Program service revenue
$0
Investment income
$107
Other revenue
$0
Total assets, end of year
$631,913
Total liabilities, end of year
$168,347
Net assets or fund balances, end of year
$463,566
Program services expenses (Part IX)
$395,755
Management and general expenses
$85,617
Fundraising expenses
$0
Program service expenses (Part III)
$395,755

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $312,435

  • 3 · Investment income

    total $107 · unrelated business $107

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $129,843 · program services $103,873 · management and general $25,970

  • 9 · Other employee benefits

    total $19,137 · program services $15,309 · management and general $3,828

  • 10 · Payroll taxes

    total $24,974 · program services $19,978 · management and general $4,996

  • 11b · Fees: legal

    total $1,328 · program services $1,056 · management and general $272

  • 11c · Fees: accounting

    total $4,000 · program services $3,200 · management and general $800

  • 11g · Fees: other

    total $270,231 · program services $227,270 · management and general $42,961

  • 12 · Advertising and promotion

    total $19,995 · program services $15,996 · management and general $3,999

  • 13 · Office expenses

    total $1,949 · program services $1,559 · management and general $390

  • 14 · Information technology

    total $5,387 · program services $4,309 · management and general $1,078

  • 17 · Travel

    total $697 · program services $557 · management and general $140

  • 23 · Insurance

    total $3,311 · program services $2,648 · management and general $663

  • 24a · Other expenses: Bank Service Charges

    total $520 · management and general $520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $793,922 · end of year $520,825

  • 4 · Accounts receivable

    beginning of year $25,500 · end of year $40,500

  • 9 · Prepaid expenses and deferred charges

    end of year $68,355

  • 14 · Intangible assets

    beginning of year $285 · end of year $285

  • 15 · Other assets

    beginning of year $1,948 · end of year $1,948

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,333 · end of year $35,113

  • 24 · Unsecured notes and loans payable

    beginning of year $140,926 · end of year $133,234

  • 27 · Net assets without donor restrictions

    beginning of year -$367,604 · end of year -$536,434

  • 28 · Net assets with donor restrictions

    beginning of year $1,000,000 · end of year $1,000,000

Mission and programs · 2024

Mission

The specific purpose of this corporation is to create and deploy innovative methods for educating students in (i) the areas of sceince, technology, engineering, and math (STEM). including without limitation, computer, biotechnology, aerospace, aeronautical engineering concepts,

  • Creating innovative methods of educating young people in the areas of science, technology, engineering and math.

    Expenses $395,755

As filed on the 2024 return.

Listed in Part VII

  • Landon Taylor

    Board Member

    Total calculated
    $0
    Hours/week
    40

  • Dr Regina Stanback-Stroud

    Chairperson

    Total calculated
    $0
    Hours/week
    5

  • Al Bundshaft

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Fredrerick Royall

    Director

    Total calculated
    $0
    Hours/week
    5

  • Michelle Flowers-Taylor

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Beneventi

    CFO Treasurer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202541539349300324

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