Overview
What is Innovative Industries Inc?
Innovative Industries Inc, situated in Creston, Iowa, is a nonprofit organization with a mission to support individuals with disabilities. They strive to aid these individuals in identifying, developing, and achieving their personal life goals. They accomplish this mission by offering both vocational and community services. With a team of 196 dedicated employees, Innovative Industries Inc provides a comprehensive approach to empowering individuals with disabilities, fostering their independence and fulfillment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Innovative Industries Inc has received an overall score of 87%, which reflects a strong focus on accountability and finance. The organization boasts a 100% score for having an independent board, indicating a robust governance structure. Additionally, it has effective financial oversight with its audit and oversight committee scoring a perfect 15 out of 15 points, ensuring transparency in its financial practices.
The organization also adheres to important policies, including conflict of interest and whistleblower policies, both of which scored full points. Furthermore, it shows a commendable commitment to program expenses, with an impressive program expense ratio of 76.69%, pointing to the effective allocation of resources towards its mission.
However, there are areas where the organization could improve, particularly in its liabilities to assets ratio, which scored 8 out of 15 points. This suggests that while the organization is generally financially sound, it may have some liabilities that need to be monitored closely to ensure long-term sustainability. Overall, Innovative Industries Inc demonstrates a solid foundation in governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Industries Inc legitimate?
Innovative Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Industries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,415,078
For more financial information, click here
What is the mission statement of Innovative Industries Inc?
Innovative Industries Inc's mission is centered around assisting individuals with disabilities. The organization aims to help these individuals identify, develop, and achieve their personal life goals. This is accomplished through the provision of vocational and community services. By offering these services, Innovative Industries Inc empowers individuals with disabilities to lead fulfilling lives, reaching their full potential. The organization's work is geared towards enabling them to become active members of their communities, fostering self-sufficiency and independence.
Who is the CEO of Innovative Industries Inc?
Kendalyn Huff is the Vice Preside of Innovative Industries Inc.
What is the revenue of Innovative Industries Inc?
Innovative Industries Inc's revenue in 2022 was $4,240,477.
Who are the executives of Innovative Industries Inc and what are their salaries?
The average compensation at Innovative Industries Inc during 2022 was $12,322. There are 196 employees at Innovative Industries Inc.
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Where can I find the form 990 for Innovative Industries Inc?
Innovative Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Innovative Industries Inc
Innovative Industries Inc, a nonprofit organization, is dedicated to assisting individuals with disabilities in achieving their personal life goals. It accomplishes this mission by providing both vocational and community services. The organization's primary objective is to help these individuals identify their aspirations, develop strategies to achieve them, and ultimately realize their objectives. By offering a combination of vocational and community services, Innovative Industries Inc empowers individuals with disabilities to lead fulfilling lives and participate actively in their communities.
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Impact
October, 2024
Innovative Industries Inc has a significant impact on the lives of individuals with disabilities by empowering them to identify, develop, and achieve their personal life goals. Through comprehensive vocational and community services, the organization fosters an inclusive environment that promotes skill development, self-sufficiency, and meaningful employment opportunities.
Located in Creston, IA, Innovative Industries Inc plays a vital role in enhancing the quality of life for its participants by facilitating tailored support that resonates with their unique aspirations and capabilities. This approach not only aids individuals in finding suitable employment but also encourages community integration and personal development, ultimately leading to greater independence and fulfillment. Through its mission, Innovative Industries Inc contributes to breaking down barriers and enriching the lives of those it serves, making a positive mark on the community.
This information is meant to be a general summary of Innovative Industries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,799
- Program Service Revenue: $4,144,477
- Gross Receipts: $4,240,477
Assets and Liabilities:
- Total Assets: $1,484,243
- Total Liabilities: $664,675
- Net Assets: $819,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURCHASED SERVICES
Revenue
$1,988,738
PRODUCTION REVENUE
Revenue
$893,427
ROUTINE DAILY CARE
Revenue
$875,749
REIMBURSED REVENUE
Revenue
$386,563
Organization Details
Phone
(641) 782-8495Principal Officer
Kendalyn Huff
Main Address
PO BOX 216, CRESTON, IA, 50801
NTEE Category
Code: J30 - Employment
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