Is it real?
No. The IRS revoked its tax exemption. Latest filing we have: FY2022. IRS ruling in Sep 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
68 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990; $239K paid to officers and key staff (Part VII, Section A).
Daniel Vidana’s $132K as President is at the 37th percentile of top reported officer pay among 2832 $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.
See Innovation Studio INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters innovation through shared spaces, programs, and discussions.
Questions for Innovation Studio INC
Your first name shows with your question. Innovation Studio INC answers here, for everyone.
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.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5191933) · Dispute this lineBiz 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.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5191933) · Dispute this lineRoxbury 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.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-5191933) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $658K | $187K |
| Land, buildings, equipmentLn 10c | $35K | $34K |
| Total assetsLn 16 | $969K | $488K |
| LiabilitiesLn 26 | $715K | $715K |
| Net assetsLn 32 | $254K | −$227K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $158K | $63K | $95K | |
| Other salaries and wagesLn 7 | $970K | $662K | $308K | |
| Pension plan contributionsLn 8 | $17K | $17K | ||
| Other employee benefitsLn 9 | $139K | $100K | $39K | |
| Payroll taxesLn 10 | $92K | $60K | $31K | |
| Management feesLn 11a | $100K | $100K | ||
| Accounting feesLn 11c | $60K | $60K | ||
| Other fees for servicesLn 11g | $75K | $8K | $67K | |
| Advertising and promotionLn 12 | $10K | $6K | $4K | |
| Office expensesLn 13 | $123K | $63K | $61K | |
| Information technologyLn 14 | $2K | $80 | $2K | |
| OccupancyLn 16 | $201K | $201K | −$469 | |
| TravelLn 17 | $8K | $3K | $5K | |
| Conferences, conventions and meetingsLn 19 | $126K | $121K | $5K | |
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $24K | $18K | $6K | |
| InsuranceLn 23 | $26K | $16K | $9K | |
| Other expenses (24a–d)Ln 24 | $118K | $118K | ||
| Total functional expensesLn 25 | $2.3M | $1.5M | $712K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest ViewingFiled with the IRS Nov 15, 2023 | $1.7M | $2.3M | −$529K | −$227K | 990 PDF |
| FY2021Filed with the IRS Aug 10, 2022 | $2.1M | $2.3M | −$224K | $254K | 990 PDF |
| FY2020Filed with the IRS Nov 2, 2021 | $4.1M | $4.1M | −$80K | $478K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $1,723,186 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $1,723,186 across 7 lines filed
Part IX · Statement of functional expenses $2,252,650 across 18 lines filed
Part X · Balance sheet $487,657 assets, 16 lines filed
Part XI · Reconciliation of net assets −$227,043 net assets at year end
Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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