Totals
- Total revenue
- $160,479
- Total expenses
- $53,474
- Contributions and grants received
- $141,324
- Grants paid
- not reported
- Program service revenue
- $19,155
- 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
- $274,920
- Total liabilities, end of year
- not reported
- Net assets or fund balances, end of year
- $274,920
- Program service expenses (Part III)
- $95,000
Program services were 177.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2023
Primary exempt purpose
INNOVATE Albion is a teaching and training center for STEM Science Technology Engineering and Math and robotics in Southwest Michigan. As a nonprofit organization founded in collaboration with Caster Concepts Inc. and Conceptual Innovations we bring to students educators and professionals to build the next generation of skilled talent in our region.
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: Funds received from the Cronin Foundation were received in support of INNOVATE Albions FIRST Robotics Program. FIRST Robotics provides a team experience for students K - 12th grade helping them gain experience in computer coding problem solving game strategy business management public relations and more. Grant funds awarded by the Cronin Foundation primarily supports our teams off setting the cost of team registration and materials to ensure the program remains affordable for all participants. In 2023 a total of 90 students benefited from these funds and the FIRST Robotics programs at INNOVATE Albion.
Expenses $75,000 · Grants $75,000
-
Funds received from the Guido A and Elizabeth H. Binda Foundation were received in support of INNOVATE Albion's FIRST Robotics Program. FIRST Robotics provides a team experience for students K - 12th grade helping them gain experience in computer coding problem solving game strategy business management public relations and more. Grant funds awarded by the Cronin Foundation primarily supports our teams off setting the cost of team registration and materials to ensure the program remains affordable for all participants. In 2023 a total of 90 students benefited from these funds and the FIRST Robotics programs at INNOVATE Albion.
Expenses $15,000 · Grants $15,000
-
Funds received from the Marshall Community Foundation were received in support of INNOVATE Albion's STEM Saturday program. STEM Saturdays is a program designed to bring STEM education out to the community free of cost and provide opportunities for students and families to engage in STEM learning together. In 2023 STEM Saturdays were hosted monthly throughout Calhoun County and received 550 students and families.
Expenses $5,000 · Grants $5,000
As filed on the 2023 return.
Listed in Part IV
-
William Dobbins
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Elmer Lee
Board Member
- Total calculated
- $0
- Hours/week
- 10
-
Emily Verbeke
Board Member
- 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
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349205589
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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