Advanced Methods In Innovation
- Assets
- $181.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-2407701
Organization Overview
Advanced Methods In Innovation is located in Youngstown, OH. The organization was established in 2011. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Methods In Innovation 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, Advanced Methods In Innovation generated $185.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.4%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE EDUCATION BY PROVIDING FUNDS AND OTHER ASSISTANCE TO SCHOOLS, COLLEGES AND UNIVERSITIES AND OTHER ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FOR PURPOSES OF DEVELOPING AND PROVIDING CURRICULA, COURSES, SEMINARS AND OTHER EDUCATIONAL PROGRAMS AND EDUCATIONAL MATERIALS IN THE AREAS OF ENGINEERING SCIENCE, TECHNOLOGY AND BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Unione Treasurer | 1 | $0 | |
Thomas Mosure Trustee | 1 | $0 | |
John Scott Executive Di | 1 | $0 | |
Michael Parker Trustee | 1 | $0 | |
Barbara Ewing Secretary | 1 | $0 | |
Charles Coleman Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,600 |
| Total Program Service Revenue | $3,750 |
| Membership dues | $0 |
| Investment income | $671 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $185,021 |
| 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 | $860 |
| Occupancy, rent, utilities, and maintenance | $217 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,746 |
| Total expenses | $19,823 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,747 |
| Other assets | $0 |
| Total assets | $181,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $181,192 |