Innovative Technology Education Fund
- Assets
- $9.5m
- Revenue
- $1.4m
- Investments
- $9.4m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 43-1689900
Organization Overview
Innovative Technology Education Fund is located in Saint Louis, MO. The organization was established in 1995. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, 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. Innovative Technology Education Fund 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, Innovative Technology Education Fund generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $651.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Innovative Technology Education Fund has awarded 156 individual grants totaling $2,985,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charmaine Smith Executive Director | 40 | $116,167 | |
Jane Vancil Director/treasurer | 2 | $0 | |
Bill Kent Director | 2 | $0 | |
Kevin Stokes Director/board Chair | 2 | $0 | |
Raven Akram Director/secretary | 2 | $0 | |
Christopher Grabau Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,999 |
| Dividends & Interest | $114,931 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,071 |
| Capital Gain Net Income | $231,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,028,074 |
| Total Revenue | $1,436,075 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,335 |
| Other employee salaries and wages | $56,813 |
| Pension plans, employee benefits | $14,232 |
| Interest | $47 |
| Taxes | $20,520 |
| Depreciation | $717 |
| Occupancy | $15,084 |
| Travel, conferences, and meetings | $7,346 |
| Printing and publications | $0 |
| Other expenses | $38,025 |
| Total operating and administrative expenses | $355,994 |
| Contributions, gifts, grants paid | $295,741 |
| Total expenses and disbursements | $651,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $109,966 |
| 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 | $19,925 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $903 |
| Other assets | $9,381 |
| Total assets | $9,538,477 |
| Accounts payable and accrued expenses | $13,424 |
| 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 | $229 |
| Total liabilities | $13,653 |
Grants Awarded
Over the last fiscal year, Innovative Technology Education Fund has awarded $295,741 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
HAZELWOOD EAST HIGH SCHOOL PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $31,335 |
GATEWAY MST ELEMENTARY SCHOOL PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $29,802 |
NORTHWEST R-1 SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $28,890 |
SISTER THEA BOWMAN CATHOLIC SCHOOL PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $27,585 |
WALBRIDGE STEAM ACADEMY PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $24,493 |
SAINT FRANCIS OF ASSISI SCHOOL PURPOSE: GENERAL SUPPORT OF TECHNOLOGY IN EDUCATION. | $23,415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Memphis Fourth Estate Inc Memphis, TN | $2,591,759 | $5,585,999 |
Mid-South Public Communications Foundation Cordova, TN | $12,673,070 | $6,880,659 |
Community Broadcasting Inc Overland Park, KS | $6,691,384 | $2,767,023 |
Partners For Christian Media Inc Chattanooga, TN | $2,733,948 | $3,141,174 |
Scola Mc Clelland, IA | $4,272,203 | $340,778 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |
Kanza Society Inc High Plains Public Radio Garden City, KS | $3,794,036 | $1,212,601 |
Beacon Media Inc Kansas City, MO | $242,062 | $860,712 |
National Agri Marketing Association Inc Leawood, KS | $318,457 | $1,021,517 |