Inveneo Inc
- Assets
- $17.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Berkeley, CA
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-1663266
Organization Overview
Inveneo Inc is located in Berkeley, CA. The organization was established in 2005. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inveneo 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 12/2021, Inveneo Inc generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (50.3%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (50.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
IN LINE WITH INVENEO'S MISSION TO PROVIDE TECHNOLOGY TOOLS TO ORGANIZATIONS IN DEVELOPING COUNTRIES, IN LIBERIA INVENEO CONTINUED A 3-YEAR PROJECT TO PROVIDE HIGH SPEED BROADBAND INTERNET ACCESS TO RURAL HEALTH FACILITIES AND EDUCATIONAL INSTITUTIONS IN 5 COUNTIES TARGETED BY USAID. DOMESTICALLY, INVENEO HOSTS MONTHLY TECHSALONS THAT INVITE EXPERTS IN VARIOUS TECHNOLOGIES TO DISCUSS THEIR WORK AND STATE-OF-THE-ART TECHNOLOGIES WITH INTERESTED COUNTERPARTS IN INDUSTRY, NON-PROFITS AND GOVERNMENT AGENCIES. ITS WORK IN LIBERIA WILL AFFECT THE LIVES AND HEALTH CARE OF UP TO 2 MILLION RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Marsh CEO | 20 | $0 | |
Steven Oaky Director | 1 | $0 | |
Akio Tanaka Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,482 |
| Total Program Service Revenue | $400 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,016 |
| Professional fees and other payments to independent contractors | $7,961 |
| Occupancy, rent, utilities, and maintenance | $900 |
| Printing, publications, postage, and shipping | $18 |
| Other expenses | $2,989 |
| Total expenses | $13,884 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1 |
| Other assets | $0 |
| Total assets | $17,034 |
| Total liabilities | $108,505 |
| Net assets or fund balances | -$91,471 |