Api Innovation Center EIN 87-1772821

Api Innovation Center

EIN  87-1772821 Public charity (501(c)(3)) Saint Louis, MO Founded 2021
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/12/26 · see original filing: IRS
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Size
$10–100M
What they do
a human services nonprofit
Leadership
Anthony Sardella · Chief Executive Officer · $353K
Money in and out
$10.3M revenue, $7.2M expenses
Bottom line
64% program efficiency

Api Innovation Center is a human services nonprofit based in Saint Louis, MO, formed in 2021. For fiscal year 2024 it reported $10.3M in revenue, $7.2M in expenses, and $3.8M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$10.3M
Pt VIII · Ln 12
Total expenses
$7.2M
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.1M
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.32 Fundraising $0.04
Program efficiency
64%
of spending reaches programs▲ +34% vs prior filing year
Operating runway
8.0mo
months of highly liquid reserves at operating expense rate▲ +135% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$10.3M
FY2024▲ +190%
Expenses
$7.2M
FY2024▲ +160%
Total assets
$5.1M
FY2024▲ +535%
Total liabilities
$1.3M
FY2024▲ ×274
Total revenue
$10.3M
Pt VIII · Ln 12
Total expenses
$7.2M
Pt IX · Ln 25
Net assets
$3.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.1M
Total assetsPt X · Ln 16$5.1M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $4.6M of program spending, described in the organization's own filed words · FY2024.
01

Apiic opened a cutting-edge research and development laboratory at the university of missourist. Louis, where scientists are pioneering new routes of synthesis for critical medicines vital to national health security.

$4.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApi Innovation Center
EINHdr · item D87-1772821
Principal addressHdr · item CSaint Louis, MO
WebsiteHdr · item Jwww.apicenter.org
Year of formationHdr · item L2021
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJan 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
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
Chief Executive Officer
$352,639Pt VII · Sec A
President and COO
$273,946Pt VII · Sec A
Exec. VP, Chief Legal, Admin Officer
$234,872Pt VII · Sec A
VP R&d and Programs
$200,985Pt VII · Sec A
VP, Govt & External Affairs
$129,105Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Anthony Sardella’s $353K as Chief Executive Officer is at the 85th percentile of top reported officer pay among 3123 $10–100M human services 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 · 5 named individuals · Part VII

NameFY2024FY2023
Anthony Sardella$352,639$228,000
Kevin Webb$273,946$229,744
Donald Lohman$234,872$14,769
Brian Doty$200,985$74,038
Gerren McHam$129,105

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$9.8M · 94%
Program service revenue$580K · 6%
Contributions & grants94%$9.8M
Program service revenue6%$580K
Other revenue$2K
— government grantsLn 1e$9.8M
Total revenueLn 12$10.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.32 Fundraising $0.04
Program services64%$4.6M
Management & general32%$2.3M
Fundraising4%$298K
Total functional expensesLn 25$7.2M

Balance Sheet

Part X · end of year
CashLn 1$4.8M
Total assetsLn 16$5.1M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$3.8M
Months of cash on handcomputed8.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.8M · Operating expenses/yr $7.2M
8.0 months
Where the money goes
Program services
Program services $4.6M · Total expenses $7.2M
64%
Management & General
Management & general $2.3M · Total expenses $7.2M
32%
Fundraising
Fundraising $298K · Total expenses $7.2M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $99K · Solicited contributions (3-yr avg) $37K
$2.70 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $9.8M · Total revenue $10.3M
94%
Government reliance
Government grants $9.8M · Total revenue $10.3M
94%
Earned-income share
Program service revenue $580K · Total revenue $10.3M
6%
Investment reliance
Investment income $0 · Total revenue $10.3M
0%
Program self-sufficiency
Program service revenue $580K · Total expenses $7.2M
8%
Growth & trend
Revenue growth (YoY)
This year $10.3M · Prior year $3.6M
+190%
Net-asset trend (YoY)
End of year $3.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.3M · Expenses $7.2M
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $5.1M
Net-asset ratio
Net assets $3.8M · Total assets $5.1M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anthony Sardella · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $353K · Total expenses $7.2M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.7M · Total expenses $7.2M
23%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 32%
Fundraising cost ratio 3%
Revenue growth 190%
Legal fee ratio 9%
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.

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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 (Latest)$10.3M revenue · viewing · ⤓ 990 PDF
FY2023$3.6M revenue · ⤓ 990 PDF
FY2022$108K revenue · ⤓ 990 PDF
FY2021$110K 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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