Innovators for Purpose FY2024 filing

Tax-deductible

Cambridge, MA501(c)(3)Youth DevelopmentEIN 30-0841640

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Youth development and STEAM education organization

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$175K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $131K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$175K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $429K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$666K
+47% vs prior year
Spent
$506K
To programs
80%
Net assets
$213K
By yearFY2021–FY2025
Revenue
$666K
FY2024▲ +47%
Revenue by fiscal year
FY2021$266K
FY2022$393K
FY2023$453K
FY2024$666K
FY2025$892K
Expenses
$506K
FY2024▲ +25%
Expenses by fiscal year
FY2021$250K
FY2022$316K
FY2023$406K
FY2024$506K
FY2025$539K
Net assets
$213K
FY2024▲ +159%
Net assets by fiscal year
FY2021$87K
FY2022$64K
FY2023$82K
FY2024$213K
FY2025$456K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $404K Management & general 14% · $70K Fundraising 6% · $32K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director Co-Founder CEO
$100,000Pt VII · Sec A
Director Co-Founder VP
$75,000Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Michael K Dawson’s $108K as Director Co-Founder CEO is at the 90th percentile of top reported officer pay among 1992 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Michael K Dawson$107,500$100,000$75,000$75,000$76,500
Donna Dawson$80,625$75,000$62,500$50,000$51,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers youth through hands-on STEAM learning and skill-building programs.

Provided by the organization

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1 program service account for $404K of program spending, described in the organization's own filed words · FY2023.
01

Ifp Labs

Introduces 7-8th grade students to iFps unique approach to STEM education at the intersection of design, technology and social impact.iFp Studios - Offers students aged 14 and older a paid, work-based design and innovation studio experience.

$404Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$666K
Ln 12
Gifts and grantsLn 1h$620K
Fees for servicesLn 2g$46K
Money outPt IX
$506K
Ln 25
Programscol B$404K
Managementcol C$70K
Fundraisingcol D$32K
Owns and owesPt X
$213K
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$238K
LiabilitiesLn 26$25K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$620K
Noncash giftsLn 1g$30K
Fees for servicesLn 2g$46K
Total revenueLn 12$666K
Assets in detailPt X, end of year
CashLn 1$188K
Cash and savings togetherLn 1–2$188K
Total assetsLn 16$238K
LiabilitiesLn 26$25K
Net assetsLn 32$213K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$191K$188K
Total assetsLn 16$216K$238K
LiabilitiesLn 26$133K$25K
Net assetsLn 32$82K$213K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$138K$95K$28K$15K
Other salaries and wagesLn 7$187K$174K$8K$5K
Other employee benefitsLn 9$20K$13K$4K$4K
Payroll taxesLn 10$29K$25K$3K$1K
Accounting feesLn 11c$6K$6K
Professional fundraising feesLn 11e$4K$4K
Other fees for servicesLn 11g$72K$72K
Advertising and promotionLn 12$3K$3K
Information technologyLn 14$4K$4K
OccupancyLn 16$1K$1K
TravelLn 17$563$305$258
InterestLn 20$557$557
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$32K$23K$9K$500
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$506K$404K$70K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $892K$539K$353K$456K 990 PDF
FY2024 Viewing $666K$506K$160K$213K 990 PDF
FY2023 $453K$406K$46K$82K 990 PDF
FY2022 $393K$316K$77K$64K 990 PDF
FY2021 $266K$250K$16K$87K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $666,283 across 5 lines filed
VIII-1f All other contributions, gifts and grants$619,783
VIII-1g Noncash contributions (included above)$29,700
VIII-1h Total contributions, gifts and grants$619,783
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,500$46,500
VIII-12 Total revenueRelated to mission $46,500 · Unrelated business $0 · Excluded from tax $0$666,283
Part IX · Statement of functional expenses $505,861 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,000 · Management $27,500 · Fundraising $15,000$137,500
IX-7 Other salaries and wagesPrograms $174,370 · Management $7,500 · Fundraising $5,000$186,870
IX-9 Other employee benefitsPrograms $13,062 · Management $3,581 · Fundraising $3,602$20,245
IX-10 Payroll taxesPrograms $25,263 · Management $2,690 · Fundraising $1,457$29,410
IX-11c Accounting feesManagement $6,188$6,188
IX-11e Professional fundraising feesFundraising $3,870$3,870
IX-11g Other fees for servicesPrograms $71,695$71,695
IX-12 Advertising and promotionFundraising $2,766$2,766
IX-14 Information technologyManagement $4,433$4,433
IX-16 OccupancyPrograms $1,260$1,260
IX-17 TravelPrograms $305 · Management $258$563
IX-20 InterestManagement $557$557
IX-23 InsuranceManagement $3,124$3,124
IX-24 Other expenses (24a–d)Programs $22,805 · Management $8,956 · Fundraising $500$32,261
IX-24e All other expensesManagement $5,119$5,119
IX-25 Total functional expensesPrograms $403,760 · Management $69,906 · Fundraising $32,195$505,861
Part X · Balance sheet $238,305 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $190,623$188,305
X-3 Pledges and grants receivableStart of year $25,200$50,000
X-16 Total assetsStart of year $215,823$238,305
X-17 Accounts payable and accrued expensesStart of year $33,462$25,222
X-26 Total liabilitiesStart of year $133,462$25,222
X-27 Net assets without donor restrictionsStart of year $82,361$213,083
X-32 Total net assets or fund balancesStart of year $82,361$213,083
X-33 Total liabilities and net assetsStart of year $215,823$238,305
Part XI · Reconciliation of net assets $213,083 net assets at year end
XI-1 Total revenue$666,283
XI-2 Total expenses$505,861
XI-3 Revenue less expenses$160,422
XI-4 Net assets at start of year$82,361
XI-6 Donated services and use of facilities−$29,700
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$213,083

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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