Ingenuityne INC EIN 45-5482105 Form 990 (PDF) Claim this org

Ingenuityne INC FY2020 filing

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Inspire young leaders through mentor-based programs building STEM skills and life capabilities. For fiscal year 2020 it reported $899K in revenue, $675K in expenses, and $-266K in net assets.Pt I

Founded
2012
Type
Public charity (501(c)(3)) · Youth Development
Location
Boston, MA
Website
www.nefirst.org
Filings
5 on file (2020–2020)
Revenue
$899KFY2020
Expenses
$675K
Net assets
$-266K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5482105 Public charity (501(c)(3)) Boston, MA Founded 2012
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/13/26 · see original: 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
Kim Pita · Interim Exec · $66K
Money in and out
$899K revenue, $675K expenses
Bottom line
87% program efficiency
Where the money goes · FY2020
Total revenue
$899K
Pt VIII · Ln 12
Total expenses
$675K
Pt IX · Ln 25
Net assets
$-266K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $224K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.10 Fundraising $0.03
Program efficiency
87%
of spending reaches programs
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$899K
FY2020
Expenses
$675K
FY2020
Total assets
$235K
FY2020
Total liabilities
$500K
FY2020
Total revenue
$899K
Pt VIII · Ln 12
Total expenses
$675K
Pt IX · Ln 25
Net assets
$-266K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$224K
Total assetsPt X · Ln 16$235K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

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 1a5
Independent voting membersPt VI · Ln 1b5
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Interim Exec
$66,000Pt VII · Sec A
$0Pt VII · Sec A
Part Year PR
$0Pt VII · Sec A
$0Pt VII · Sec A
P/Y Treas/Vi
$0Pt VII · Sec A
Part Year Se
$0Pt VII · Sec A
Part Year Tr
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $588K of program spending, described in the organization's own filed words · FY2019.
01

First Robotics Competition (frc)

Working with mentors, teams of students built 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.

$417Kprogram expense
02

First Lego League (fll)

Teams worked on game challenges using lego technology, applying science and engineeering to master complex missions. Teams from around the world met in ST. Louis, mo for the FLL world festival competition and celebration.

$129Kprogram expense
03

First Tech Challenge (ftc)

Like the FRC program, teams in the FTC program designed and built 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.

$42Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$666K · 74%
Program service revenue$233K · 26%
Contributions & grants74%$666K
Program service revenue26%$233K
Total revenueLn 12$899K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.10 Fundraising $0.03
Program services87%$588K
Management & general10%$69K
Fundraising3%$18K
Total functional expensesLn 25$675K

Balance Sheet

Part X · end of year
CashLn 1$199K
Total assetsLn 16$235K
Total liabilitiesLn 26$500K
Total net assetsLn 32$-266K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $199K · Operating expenses/yr $675K
3.5 months
Where the money goes
Program services
Program services $588K · Total expenses $675K
87%
Management & General
Management & general $69K · Total expenses $675K
10%
Fundraising
Fundraising $18K · Total expenses $675K
3%
Cost to raise $1
Fundraising expense $18K · Solicited contributions $666K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $666K · Total revenue $899K
74%
Government reliance
Government grants — · Total revenue $899K
Earned-income share
Program service revenue $233K · Total revenue $899K
26%
Investment reliance
Investment income $0 · Total revenue $899K
0%
Program self-sufficiency
Program service revenue $233K · Total expenses $675K
34%
Growth & trend
Revenue growth (YoY)
This year $899K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-266K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $899K · Expenses $675K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $235K
Net-asset ratio
Net assets $-266K · Total assets $235K
-113%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $235K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kim Pita · Reported title INTERIM EXEC · Highest reported compensation $66K · Total expenses $675K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $115K · Total expenses $675K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 10%
Fundraising cost 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

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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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