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Innovation Works INC

Public charityFed auditsIRS 990990-T FY2023
Other · PITTSBURGH, PA · EIN 25-1588611

About

See schedule oinnovation works' mission is to increase the success rate of the region's technology and technology adopting companies through direct investment, business assistance, and infrastructure development. Underlying IW's mission is the belief that innovation is a key engine of growth for the southwestern pennsylvania region. Activities undertaken by innovation works in pursuit of this mission have resulted in significant community development benefits, including creation of jobs, attraction of investment, and increased competitive advantage for companies located in southwestern pennsylvania.

Donations are tax-deductible
Category
Other
Employees
38
Volunteers
55

Financial Snapshot

FY ending 2023-06-30
Revenue
$15.8M
Expenses
$15.9M
Assets
$49.2M
Liabilities
$7.7M

Financial history

$24.1M$12.0M$0
1617181920212223
RevenueExpenses
Latest FY2023: $15.8M · Peak FY2022: $24.1M · Avg: $15.9M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
$0
Lobbying
$47K
Grants Given
$447K
INNOVATION WORKS INC
Your actions

Address

One Allegheny Square NOVA Tower 1 S
Pittsburgh, PA, 15212-000

Governance

Voting board members9
Independent members5
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.