Innov8tec INC FY2024 filing

Tax-deductible

Siren, WI501(c)(3)Since 2023EnvironmentEIN 92-3261133Revenue $25K in FY2024

On file with the IRSPo Box 431, 54872-0431 · Siren, WITax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Innov8tec.org is committed to catalyzing and merging the necessary diverse interests through collaborative expertise to achieve a richer and healthier commons for more vital communities and a healthier environment, utilizing resources and ideas provided through green energy test-bed proven projects. Innov8tec.org is project driven with focus on empowering youth and disadvantaged communities to build sustainable economic development, healthy food resources and durable workforce development.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $1K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25K
Spent
$11K
To programs
74%
Net assets
$15K
By yearFY2024–FY2025
Revenue
$25K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$25K
FY2025$7K
Expenses
$11K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$11K
FY2025$24K
Net assets
$15K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$15K
FY2025−$2K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $8K Management & general 26% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Innov8tec INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers youth and communities with green energy projects for sustainable development and a healthier environment.

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Provided by the organization

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2 programs · $16K · in their own filed words · FY2024
01

Repurpose superfund sites, working with the epa and state departments of natural resourses, so they can be converted to commercial properties. Income from the conversion of the superfund sites will provide training and scholarships for disadvantaged youths in the region.

$8Kprogram expense
02

Repurpose superfund sites, working with the epa and state departments of natural resourses, so they can be converted to commercial properties. Income from the conversion of the superfund sites will provide training and scholarships for disadvantaged youths in the region.

$8Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$25K
Ln 12
Other incomeLn 4–11$25K
Gifts and grantsLn 1h$100
Investment incomeLn 3$11
Money outPt IX
$11K
Ln 25
Programscol B$8K
Managementcol C$3K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$12K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Government grantsLn 1e$100
Investment incomeLn 3$11
Other incomeLn 4–11$25K
Total revenueLn 12$25K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$27K
Total assetsLn 16$27K
LiabilitiesLn 26$12K
Net assetsLn 32$15K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7K$24K−$17K−$2K 990 PDF
FY2024 Viewing $25K$11K$15K$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (1 part)
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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