Innovation Studio INC
Fosters innovation through shared spaces, programs, and discussions. For fiscal year 2022 it reported $1.7M in revenue, $2.3M in expenses, and $-227K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Roxbury, MA
- Website
- innovationstudio.org
- Filings
- 3 on file (2020–2022)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
District Hall Boston & Boston Seaport Partnerships
District hall is the result of a collaborative public (city of boston), private partnership that opened in the fall of 2013. District hall is a dedicated civic space with the goal creating an environment that fosters innovation, collaboration, and entrepreneurship.
Biz Bodega and Rhode Island Programs
With the intention of increasing social and economic mobility for residents in providence, innovation studio partnered with one neighborhood builders to open and operate biz bodega, a comprehensive and vibrant business support office for new and growing small businesses located in central providence.
Roxbury Innovation Center (ric)
The roxbury innovation center is a civic innovation center that will support local economic development by encouraging innovation and entrepreneurship focused on the city of boston neighborhoods of roxbury, dorchester and mattapan.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Daniel Vidana’s $132K as President is at the 37th percentile of top reported officer pay among 2834 $1–10M community 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 · 4 named individuals · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Tuni Renaud Schartner | — | $120,209 | $135,442 |
| Daniel Vidana | $132,150 | $124,238 | $109,038 |
| Ashley Mediros | $107,308 | — | — |
| Kevin Wiant | — | — | $51,124 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 68% | — | — |
| Overhead ratio | 32% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -17% | — | — |
| Accounting fee ratio | 3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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