Innovation Institute For Tomorrow Inc

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

EIN: 854226575 ✦ Oil city, PA ✦ Designated as a 501(c)(3)

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Overview

What is Innovation Institute For Tomorrow Inc?

Innovation Institute For Tomorrow Inc, based in Oil City, Pennsylvania, is a nonprofit organization dedicated to empowering children with sustainable STEM education opportunities. Their mission is to prepare students for 21st-century careers, with a strong emphasis on equity and accessibility. They strive to transform the Rust Belt into the Smart Belt through robotics, AI, and computer science. The organization partners with various entities such as schools, universities, businesses, government, nonprofits, educational robotics companies, workforce, and economic development agencies. The Innovation Institute offers a range of programs, including robotics education and competitions, agricultural workforce education, and educator professional development. Their initiatives aim to create hands-on learning experiences, promote STEM education, and equip teachers with the necessary skills. Key initiatives include VEX Robotics, the PA Smart initiative's CSinPA Build/Fly/Code, and The Robot Doctor. Through these programs, students engage in robotics, coding, and drone building, fostering their skills in computer science and STEM education.


Official website here: www.parurualrobotics.com

Is Innovation Institute For Tomorrow Inc legitimate?

Innovation Institute For Tomorrow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Institute For Tomorrow 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: $88,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,760

For more financial information, click here


Official website here: www.parurualrobotics.com

What is the mission statement of Innovation Institute For Tomorrow Inc?

The Innovation Institute For Tomorrow aims to offer sustainable, top-tier STEM education opportunities to every child, preparing them for 21st-century careers. With an emphasis on equity and access, the institution strives to transform the Rust Belt into the Smart Belt through robotics, AI, and computer science. The Institute's network of partnerships includes K-12 schools, colleges and universities, businesses and industry, government, nonprofits, educational robotics companies, workforce and economic development agencies.


Official website here: www.parurualrobotics.com

Who is the CEO of Innovation Institute For Tomorrow Inc?

Tim Heffernan is the Trustee of Innovation Institute For Tomorrow Inc. The CEO's salary of Innovation Institute For Tomorrow Inc is $88,000 and their total compensation is $88,000.


Official website here: www.parurualrobotics.com

What is the revenue of Innovation Institute For Tomorrow Inc?

Innovation Institute For Tomorrow Inc's revenue in 2022 was $378,688.


Official website here: www.parurualrobotics.com

Who are the executives of Innovation Institute For Tomorrow Inc and what are their salaries?

The average compensation at Innovation Institute For Tomorrow Inc during 2022 was $53,880. There are 2 employees at Innovation Institute For Tomorrow Inc.


Here are 9 key members and their salaries (Innovation Institute For Tomorrow Inc's CEO's salary is $88,000 and their total compensation is $88,000):


Jill Foys (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Burcin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Abramovic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Vonada (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Laverde (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Rosen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judd Pittman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hayden Rigo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Heffernan (President/Ceo)
  • Compensation: $88,000
  • Related: $0
  • Other: $0


Official website here: www.parurualrobotics.com

Where can I find the form 990 for Innovation Institute For Tomorrow Inc?

Innovation Institute For Tomorrow Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.parurualrobotics.com

Learn more at the official website: www.parurualrobotics.com

Mission Statement of Innovation Institute For Tomorrow Inc

Innovation Institute For Tomorrow, a nonprofit organization, is committed to delivering sustainable and world-class STEM education opportunities to every child, preparing them for 21st-century careers. With a strong focus on equity and access, this institute aims to transform the Rust Belt into the Smart Belt through the use of robots, artificial intelligence, and computer science. The Institute's extensive network of partnerships encompasses K-12 schools, colleges and universities, businesses and industry, government, nonprofits, educational robotics companies, workforce and economic development agencies. By collaborating with these entities, Innovation Institute For Tomorrow strives to provide children with the necessary skills to thrive in the modern world.

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Impact




October, 2024

Innovation Institute For Tomorrow Inc is transforming the educational landscape by providing sustainable, world-class STEM opportunities that prepare children for 21st-century careers. With a commitment to equity and access, the institute aims to turn the Rust Belt into the Smart Belt through innovative programs like the Robotics Education and Competition (REC) and the Aerial Drone Competition (RADC).

By collaborating with organizations such as For The Win Robotics, the Institute utilizes engaging drone competitions to inspire and educate the next generation of aerospace engineers. This initiative not only enhances technical skills but also fosters critical thinking and teamwork, paving the way for students to thrive in a rapidly evolving job market. As a result, the Innovation Institute for Tomorrow Inc is making a significant impact by empowering youth through hands-on STEM education and opening doors to future career possibilities.




This information is meant to be a general summary of Innovation Institute For Tomorrow 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
$378,688 (2022)
Expenses
$243,514 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11
  • Program Service Revenue: $167,497
  • Gross Receipts: $378,688

Assets and Liabilities:

  • Total Assets: $144,030
  • Total Liabilities: $2,763
  • Net Assets: $141,267

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INCOME

Revenue

$167,497

Organization Details

Founding Year

2020

Principal Officer

Tim Heffernan

Main Address

594 UPPER SAGE RUN ROAD, OIL CITY, PA, 16301

NTEE Category

Code: B90 - Education

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