Northwest Innovation Resource Center

Organization Overview

Northwest Innovation Resource Center is located in Bellingham, WA. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: 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. Northwest Innovation Resource Center 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, Northwest Innovation Resource Center generated $250.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $305.2k during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NWIRC IS DEDICATED TO CREATING ECONOMIC OPPORTUNITY AND JOBS THROUGH INNOVATION. THE NWIRC ACCELERATES EARLY-STAGE STARTUP COMPANIES AND THEIR RATE OF SUCCESS THROUGH MENTORSHIP, RESOURCES, AND ACCOUNTABILITY. THOUGH THE NWIRC PROVIDES ASSISTANCE TO ALL EARLY-STAGE STARTUP COMPANIES, THEY HAVE PARTICULAR FOCUS ON THE RENEWABLE RESOURCE TECHNOLOGIES AND PRODUCT INVENTORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

1. DEVELOPED AN EXTENSIVE DATA PROGRAM BEGINNING WITH PILOT OF WORKSHOP TO ASSIST ENTREPRENEURS AND SMALL BUSINESS LEADERS TO UTILIZE DATA ANALYTICS FOR OPERATIONAL EFFICIENCIES AND STRATEGIC DIRECTION. 2. CONDUCTED INITIAL BLUETECH/CLEANTECH INNOVATION COHORT TO ASSIST ENTREPRENEURS WITH IDEAS IN THE AREA OF MARITIME OR CLEANTECH VALIDATE THEIR IDEAS AND MOVE FORWARD TO ESTABLISH THEIR BUSINESS. 3. PROGRESSED WITH PLANNING FOR NETWORK OF INNOVATION CENTERS BETWEEN SEATTLE AND BC BORDER. 4. COMPLETED DESIGN THINKING WORKSHOP FOR TAMBARK CREEK ELEMENTARY SCHOOL TO CREATE STRATEGY FOR STEM PROGRAM. 5. CONTINUED SUPPORT OF ENTREPRENEURS IN THE 5 COUNTY REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Andy Buchan
Vice Chair
$0
Tom Doughty
Chair
$0
Ken Marzocco
Secretary/tr
$0
Debbie Ahl
Past Chair
$0
Diane Kamionka
Executive Di
$0
Grace Borsari
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $105,436
All other contributions, gifts, grants, and similar amounts not included above$142,234
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$247,670
Total Program Service Revenue$1,700
Investment income $1,295
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $250,665

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Northwest Innovation Resource Center has recieved totaling $75,059.

Awarding OrganizationAmount
Becu Foundation

Tukwila, WA

PURPOSE: MOMENTUM GRANTS

$50,000
Credit Unions In The State Of Washington

Tukwila, WA

PURPOSE: DONATION

$25,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$59
View Grant Recipient Profile

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