Institute Of Black Invention & Technology Inc
- Assets
- $14.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 01-0811660
Organization Overview
Institute Of Black Invention & Technology Inc is located in Kansas City, MO. The organization was established in 2005. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Black Invention & Technology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institute Of Black Invention & Technology Inc generated $3.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $14.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MISSION IS TO COLLECT PRESERVE EXHIBIT INTERPRET AND PROMOTE THE INGENUITY AND CREATIVITY OF AFRICAN AMERICANS IN SCIENCE TECHNOLOGY ENGINEERING ART AND MATH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Terry President | 1 | $0 | |
Sandra Lamb Executive Director | 5 | $0 | |
Sherri Drake Vice President | 1 | $0 | |
Kenneth Stone Treasurer | 1 | $0 | |
Nabou Dieng-Strife Seccretary | 1 | $0 | |
Carroll Lamb Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,679 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $794 |
| Other expenses | $13,636 |
| Total expenses | $14,430 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,745 |
| Other assets | $0 |
| Total assets | $14,121 |
| Total liabilities | $555 |
| Net assets or fund balances | $13,566 |