Innovative Solutions For Non-Profits Inc
- Assets
- $0.0
- Revenue
- $7.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 09/2008
- Data as of
- 06/2022
- EIN
- 26-2117460
Organization Overview
Innovative Solutions For Non-Profits Inc is located in Cranston, RI. The organization was established in 2008. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Solutions For Non-Profits 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 06/2022, Innovative Solutions For Non-Profits Inc generated $7.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $411.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT - "ADDITIONAL INFORMATION"
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sullivan Chair & Treas | 0.25 | $0 | |
Peter Coop Director | 0.25 | $0 | |
Karen Allen Baxter Secretary | 0.25 | $0 | |
William Walter Pres. & CEO | 20 | $135,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $197,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,253 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,357 |
| Interest | $0 |
| Taxes | $11,796 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,338 |
| Printing and publications | $0 |
| Other expenses | $8,324 |
| Total operating and administrative expenses | $171,343 |
| Contributions, gifts, grants paid | $240,000 |
| Total expenses and disbursements | $411,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Innovative Solutions For Non-Profits Inc has awarded $240,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RI COMMUNITY FOOD BANK PURPOSE: OPERATIONS | $100,000 |
SOUTHSIDE CULTURAL CENTER OF RI PURPOSE: OPERATIONS | $40,000 |
YWCA OF NORTHERN RI PURPOSE: OPERATIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Actblue Charities Inc Somerville, MA | $11,605,594 | $80,603,612 |
Hebrew Seniorlife Inc Boston, MA | $314,427,394 | $14,582,927 |
Center For Effective Philanthropy Inc Cambridge, MA | $22,242,124 | $13,668,584 |
Allied Community Services Inc Enfield, CT | $1,613,743 | $1,317,373 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $1,300,212 | $760,578 |
Innovative Solutions For Non-Profits Inc Cranston, RI | $0 | $7,797 |
Ocean State Charity Events Inc Coventry, RI | $2,250 | $245,942 |
Capital City Education Foundation Inc Glastonbury, CT | $2,261,544 | $347,995 |