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

Ingenuityne INC FY2021 filing

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Inspire young leaders through mentor-based programs building STEM skills and life capabilities. For fiscal year 2021 it reported $646K in revenue, $522K in expenses, and $-157K 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 (2020–2021)
Revenue
$646KFY2021
Expenses
$522K
Net assets
$-157K
People
8
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 FY2021 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
Kimberlee Sirois Pita · Part Year Ex · $100K
Money in and out
$646K revenue, $522K expenses
Bottom line
81% program efficiency
Where the money goes · FY2021
Total revenue
$646K
Pt VIII · Ln 12
Total expenses
$522K
Pt IX · Ln 25
Net assets
$-157K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $124K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program efficiency
81%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$646K
FY2021▼ -28%
Expenses
$522K
FY2021▼ -23%
Total assets
$328K
FY2021▲ +40%
Total liabilities
$484K
FY2021▼ -3%
Total revenue
$646K
Pt VIII · Ln 12
Total expenses
$522K
Pt IX · Ln 25
Net assets
$-157K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$124K
Total assetsPt X · Ln 16$328K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $422K of program spending, described in the organization's own filed words · FY2020.
01

The first robotics competition (FRC) directly served approximately 5,000 high school students on 184 teams. Working with mentors, each team builds a robot in six weeks from a kit of common parts, designing it to meet this year's game challenge, "infinite recharge." on march 11, 2020, the world health organization declared coronavirus…

$253Kprogram expense
02

The first lego league challenge (FLL challenge) reached approximately 4,000 students aged 9-16, on 953 teams throughout new england. The year's challenge was called "city shaper." teams worked on game challenges using either lego mindstorms EV3 or lego education spike prime technology, applying science and engineering to: identify a…

$144Kprogram expense
03

The first tech challenge (FTC) served approximately 2,500 youths from ages 1218 on 267 teams. Like the FRC program, FTC is a design and build experience, but uses a smaller kit and less complicated game challenge. In this year's game, "skystone," each team built a robot and participated in a state tournament.

$25Kprogram 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 1a6
Independent voting membersPt VI · Ln 1b6
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 (FY2020); the FY2021 filing did not itemize Part VII
$99,671Pt VII · Sec A
Part Year Ex
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Ch
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$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$527K · 82%
Program service revenue$116K · 18%
Contributions & grants82%$527K
Program service revenue18%$116K
Other revenue$3K
— government grantsLn 1e$5K
Total revenueLn 12$646K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program services81%$422K
Management & general14%$72K
Fundraising5%$29K
Total functional expensesLn 25$522K

Balance Sheet

Part X · end of year
CashLn 1$257K
Total assetsLn 16$328K
Total liabilitiesLn 26$484K
Total net assetsLn 32$-157K
Months of cash on handcomputed5.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $257K · Operating expenses/yr $522K
5.9 months
Where the money goes
Program services
Program services $422K · Total expenses $522K
81%
Management & General
Management & general $72K · Total expenses $522K
14%
Fundraising
Fundraising $29K · Total expenses $522K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $594K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $527K · Total revenue $646K
82%
Government reliance
Government grants $5K · Total revenue $646K
0.8%
Earned-income share
Program service revenue $116K · Total revenue $646K
18%
Investment reliance
Investment income $0 · Total revenue $646K
0%
Program self-sufficiency
Program service revenue $116K · Total expenses $522K
22%
Growth & trend
Revenue growth (YoY)
This year $646K · Prior year $899K
-28%
Net-asset trend (YoY)
End of year $-157K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $646K · Expenses $522K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $328K
Net-asset ratio
Net assets $-157K · Total assets $328K
-48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $328K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kimberlee Sirois Pita · Reported title PART YEAR EX · Highest reported compensation $100K · Total expenses $522K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $269K · Total expenses $522K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 5%
Revenue growth -28%

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 · viewing · ⤓ 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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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