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Inventors Network Kentucky Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810723180 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is Inventors Network Kentucky Inc?

Inventors Network Kentucky Inc is a nonprofit organization with a mission to empower underserved populations in the economically affected regions of Appalachia. Through their program, Invent Appalachia, they provide entrepreneurial education, grant resources, and marketing opportunities. In late 2021, they served over 25 individuals, with plans to assist hundreds more in 2022. This initiative aims to foster invention and entrepreneurship as a means to stimulate economic growth in the region.

Is Inventors Network Kentucky Inc legitimate?

Inventors Network Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inventors Network Kentucky Inc submitted a form 990EZ, 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.

What is the mission statement of Inventors Network Kentucky Inc?

Inventors Network Kentucky Inc's mission is centered around an outreach program, specifically targeting underserved populations in economically impacted regions of Appalachia. Their primary goal is to foster entrepreneurial education, serving over 25 individuals towards the end of 2021, and aiming to assist hundreds more in the following year. The organization provides a range of resources, including educational opportunities, grant support, and marketing chances, all geared towards inventors and entrepreneurs. The ultimate aim is to stimulate economic development in these regions.

Who is the CEO of Inventors Network Kentucky Inc?

Don Skaggs is the President of Inventors Network Kentucky Inc.

What is the revenue of Inventors Network Kentucky Inc?

Inventors Network Kentucky Inc's revenue in 2021 was $57,943.

Who are the executives of Inventors Network Kentucky Inc and what are their salaries?


Here are 6 key members and their salaries:


Don Skaggs (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo York (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hill (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Sperow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald West (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Cloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Inventors Network Kentucky Inc?

Inventors Network Kentucky Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Inventors Network Kentucky Inc

Inventors Network Kentucky Inc, an organization dedicated to economic development, spearheads the Invent Appalachia outreach program. This initiative aims to reach underserved populations in Appalachia's economically impacted regions. The mission of Inventors Network Kentucky Inc is to promote entrepreneurial education within these communities. By the end of 2021, the organization had served over 25 individuals, with a plan to reach hundreds more in the following year. Inventors Network Kentucky Inc provides a variety of resources to inventors and entrepreneurs, including education, grant opportunities, and marketing assistance. The goal is to foster a culture of innovation and empower individuals to create sustainable economic growth in their communities.

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Impact




August, 2024

Inventors Network Kentucky Inc, through its program Invent Appalachia, has made a significant impact by reaching out to underserved populations in economically impacted regions of Appalachia. By promoting entrepreneurial education and providing support to inventors and entrepreneurs, they have helped over 25 individuals in late 2021 and are set to assist hundreds more in 2022. Their engaging education, grant resources, and marketing opportunities aim to foster economic development in these areas.




This information is meant to be a general summary of Inventors Network Kentucky 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.

Revenue
$57,943 (2021)
Expenses
$17,697 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $57,943

Assets and Liabilities:

  • Total Assets: $46,957
  • Total Liabilities: $0
  • Net Assets: $46,957

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Organization Details

Principal Officer

Don Skaggs

Main Address

4101 Tates Creek Ctr Dr Ste 150-143, Lexington, KY, 40517

NTEE Category

Code: B03 - Education

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