Innovation Studio INC FY2020 filing
Fosters innovation through shared spaces, programs, and discussions. For fiscal year 2020 it reported $4.1M in revenue, $4.1M in expenses, and $478K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Roxbury, MA
- Website
- innovationstudio.org
- Filings
- 3 on file (2020–2020)
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Summary of the Filing
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 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.
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Where the work happens
Providence
In 2019, the organization opened its weekly gathering and district hall space in providence. These programs operate out of the new innovation center, developed by wexford. The organization partnered with cambridge innovation center (cic) to activate the building as cic operates a co-working business in the building and work with other…
Cambridge Thursday Gathering for Innovators and Entrepreneurs
The mission of the cambridge weekly gathering is to provide the interactive forum for the exchange of information, informational resources and connections that they need to start and grow businesses with a view to creating sustainable innovation-driven businesses in the greater boston area.
District Hall Boston
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 which the organization operates under an agreement with the city of boston's initiative to transform 1,000 acres of environment that fosters innovation, collaboration , and…
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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 | 91% | — | — |
| Overhead ratio | 8% | — | — |
| Fundraising cost ratio | 0.8% | — | — |
| 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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