Ingenuityne INC EIN 45-5482105

Ingenuityne INC

EIN  45-5482105 Public charity (501(c)(3)) Boston, MA Founded 2012
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Inspire young leaders through mentor-based programs building STEM skills and life capabilities.
Leadership
Michael Fantom · Executive Director · $144K
Money in and out
$1.8M revenue, $1.9M expenses
Bottom line
83% program efficiency

Inspire young leaders through mentor-based programs building STEM skills and life capabilities. For fiscal year 2024 it reported $1.8M in revenue, $1.9M in expenses, and $-150K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$-150K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.12 Fundraising $0.06
Program efficiency
83%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▲ +125% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +76% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.8M
FY2024▲ +30%
Expenses
$1.9M
FY2024▲ +20%
Total assets
$430K
FY2024▲ +95%
Total liabilities
$580K
FY2024▲ +80%
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$-150K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$48K
Total assetsPt X · Ln 16$430K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

First robotics competition (FRC)- working with mentors, teams of students build robots from kits of common parts, designed to meet a challenge. The students compete for awards for game scores, safety practices, teamwork and other qualitative achievements, stressing the values of cooperation and inclusion.

$1.2Mprogram expense
02

First tech challenge (FTC)- like the FRC program, teams in the FTC program design and build robots with smaller kits and simpler game challenges. This program is readily accessible to a broader audience of educators and students, in part because of its lower cost.

$98Kprogram expense
03

First lego league (FLL)- teams work on game challenges using lego technology, applying science and engineering to master complex missions. Teams from around the world meet every year for the FLL world festival competition and celebration.

$84Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIngenuityne INC
EINHdr · item D45-5482105
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.nefirst.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFOct 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$144,338Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chair & President
$0Pt VII · Sec A
Vice Chair & Vice Pres.
$0Pt VII · Sec A

Michael Fantom’s $144K as Executive Director is at the 62nd percentile of top reported officer pay among 1547 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michael Fantom$144,338$138,020$116,650$100,000
Kimberlee Sirois Pita$99,671
Kim Pita$66,000

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

Part VIII
Contributions & grants$1.2M · 68%
Program service revenue$571K · 31%
Other revenue$15K · 1%
Contributions & grants68%$1.2M
Program service revenue31%$571K
Other revenue1%$15K
— government grantsLn 1e$463K
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.12 Fundraising $0.06
Program services83%$1.5M
Management & general12%$218K
Fundraising6%$106K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$270K
Total assetsLn 16$430K
Total liabilitiesLn 26$580K
Total net assetsLn 32$-150K
Months of cash on handcomputed1.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $270K · Operating expenses (Pt IX) $1.9M · Less non-cash grants $56K · Cash operating expenses/yr $1.8M
1.8 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.9M
83%
Management & General
Management & general $218K · Total expenses $1.9M
12%
Fundraising
Fundraising $106K · Total expenses $1.9M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $111K · Solicited contributions (3-yr avg) $749K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.8M
68%
Government reliance
Government grants $463K · Total revenue $1.8M
25%
Earned-income share
Program service revenue $571K · Total revenue $1.8M
31%
Investment reliance
Investment income $0 · Total revenue $1.8M
0%
Program self-sufficiency
Program service revenue $571K · Total expenses $1.9M
31%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $1.4M
+30%
Revenue CAGR
FY2019 $899K · FY2024 $1.8M
+15%
Net-asset trend (YoY)
End of year $-150K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $1.9M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $430K
Net-asset ratio
Net assets $-150K · Total assets $430K
-35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $430K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Fantom · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $144K · Total expenses $1.9M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $569K · Total expenses $1.9M
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 12%
Fundraising cost ratio 9%
Revenue growth 30%

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

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 53 grants · $611K · 2020–2024
First in Vermont INCFY2024$30,000
City of WaterburyFY2024$18,792
South Windsor Board of EducationFY2024$15,871
Team Paragon Robotics INCCT · FY2024$13,142
Regional School District 15FY2024$12,000
Regional School District No 18FY2024$9,572
Mercy High School CorpCT · FY2024$9,572
Granby Public SchoolsFY2024$9,571
Cyberknights Robotics INCCT · FY2024$9,571
Town of WeymouthFY2024$9,000
Town of Wolcott - Bd of EducFY2024$6,973
Hopkins School IncorporatedCT · FY2024$6,590
Windsor Locks Public SchoolFY2024$6,000
See all 53 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$646K revenue · ⤓ 990 PDF
FY2020$899K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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