Innovative Opportunities INC: FY2023 Nonprofit Profile & Form 990 (EIN 34-1800949)

Revenue by fiscal year
FY2020	$672K
FY2021	$760K
FY2022	$422K
FY2023	$341K
FY2024	$482K

Expenses by fiscal year
FY2020	$586K
FY2021	$720K
FY2022	$461K
FY2023	$347K
FY2024	$414K

Net assets by fiscal year
FY2020	$170K
FY2021	$223K
FY2022	$184K
FY2023	$176K
FY2024	$246K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1999.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $345K Management & general 1% · $2K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

David Bloom

Vice Preside

$0Pt VII · Sec A

Jennifer Fisher

Treasurer

$0Pt VII · Sec A

Janet Seward

CEO/Presiden

$0Pt VII · Sec A

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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

Offers job training and services to individuals with developmental disabilities.

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Provided by the organization

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2 programs · $345K · in their own filed words · FY2023

01

Perform waiver services for developmentally disabled persons

$345Kprogram expense

02

Minor donations accepted

Pt IX · col B

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 · FY2023

Community Fund Management FoundationFY2023$10K

Amazonsmile FoundationFY2023$22

Total grants receivedfrom 2 funders$11K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$341K

Ln 12

Fees for servicesLn 2g$270K

Gifts and grantsLn 1h$71K

Investment incomeLn 3$2

Money outPt IX

$347K

Ln 25

Programscol B$345K

Managementcol C$2K

Owns and owesPt X

$176K

net assets · Ln 32

Cash and savingsLn 1–2$58K

Total assetsLn 16$332K

LiabilitiesLn 26$156K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$71K

Government grantsLn 1e$32K

Fees for servicesLn 2g$270K

Investment incomeLn 3$2

Total revenueLn 12$341K

Assets in detailPt X, end of year

CashLn 1$24K

SavingsLn 2$33K

Cash and savings togetherLn 1–2$58K

Land, buildings, equipmentLn 10c$228K

Total assetsLn 16$332K

LiabilitiesLn 26$156K

Net assetsLn 32$176K

OperationsPt I, VI

EmployeesI 592

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$66K	$58K
Land, buildings, equipmentLn 10c	$233K	$228K
Total assetsLn 16	$335K	$332K
LiabilitiesLn 26	$151K	$156K
Net assetsLn 32	$184K	$176K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$224K	$224K
Other employee benefitsLn 9	$4K	$4K
Payroll taxesLn 10	$17K	$17K
Advertising and promotionLn 12	$926	$926
Office expensesLn 13	$5K	$5K	$584
OccupancyLn 16	$55K	$55K
TravelLn 17	$24K	$24K
InterestLn 20	$2K	$2K
Depreciation, depletion and amortizationLn 22	$7K	$7K
Other expenses (24a–d)Ln 24	$7K	$6K	$1K
All other expensesLn 24e	$100		$100
Total functional expensesLn 25	$347K	$345K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$482K	$414K	$68K	$246K	990 PDF
FY2023 Viewing	$341K	$347K	−$6K	$176K	990 PDF
FY2022	$422K	$461K	−$39K	$184K	990 PDF
FY2021	$760K	$720K	$40K	$223K	990 PDF
FY2020	$672K	$586K	$86K	$170K	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 FY2023 990 (6 parts)

Part I · Summary $341,234 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $56,374$71,053

I-9 Program service revenuePrior year $366,090$270,179

I-10 Investment incomePrior year $2$2

I-11 Other revenue$0

I-12 Total revenuePrior year $422,466$341,234

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $356,734$245,399

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $104,258$102,019

I-18 Total expensesPrior year $460,992$347,418

I-19 Revenue less expensesPrior year −$38,526−$6,184

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $341,234 across 6 lines filed

VIII-1e Government grants$32,420

VIII-1f All other contributions, gifts and grants$38,633

VIII-1h Total contributions, gifts and grants$71,053

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $270,179$270,179

VIII-3 Investment incomeRelated to mission $2$2

VIII-12 Total revenueRelated to mission $270,181$341,234

Part IX · Statement of functional expenses $347,418 across 11 lines filed

IX-7 Other salaries and wagesPrograms $224,292$224,292

IX-9 Other employee benefitsPrograms $3,626$3,626

IX-10 Payroll taxesPrograms $17,481$17,481

IX-12 Advertising and promotionPrograms $926$926

IX-13 Office expensesPrograms $4,623 · Management $584$5,207

IX-16 OccupancyPrograms $55,386$55,386

IX-17 TravelPrograms $23,732$23,732

IX-20 InterestPrograms $2,276$2,276

IX-22 Depreciation, depletion and amortizationPrograms $7,359$7,359

IX-24 Other expenses (24a–d)Programs $5,784 · Management $1,249$7,033

IX-24e All other expensesManagement $100$100

IX-25 Total functional expensesPrograms $345,485 · Management $1,933 · Fundraising $0$347,418

Part X · Balance sheet $331,823 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $15,020$24,447

X-2 Savings and temporary cash investmentsStart of year $50,818$33,064

X-4 Accounts receivableStart of year $23,986$35,170

X-9 Prepaid expenses and deferred chargesStart of year $1,432$1,432

X-10c Land, buildings and equipment, netStart of year $232,515$228,461

X-14 Intangible assetsStart of year $10,866$9,249

X-16 Total assetsStart of year $334,637$331,823

X-17 Accounts payable and accrued expensesStart of year $43,168$45,100

X-24 Unsecured notes and loans payableStart of year $106,648$104,872

X-25 Other liabilitiesStart of year $813$5,809

X-26 Total liabilitiesStart of year $150,629$155,781

X-32 Total net assets or fund balancesStart of year $184,008$176,042

X-33 Total liabilities and net assetsStart of year $334,637$331,823

Part XI · Reconciliation of net assets $176,042 net assets at year end

XI-1 Total revenue$341,234

XI-2 Total expenses$347,418

XI-3 Revenue less expenses−$6,184

XI-4 Net assets at start of year$184,008

XI-8 Prior period adjustments−$202

XI-9 Other changes in net assets−$1,580

XI-10 Net assets at end of year$176,042

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Innovative Opportunities INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Innovative Opportunities INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV