Iten
- Assets
- $49.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- St Charles, MO
- Founding
- 04/2015
- Data as of
- 12/2020
- EIN
- 47-2041618
Organization Overview
Iten is located in St Charles, MO. The organization was established in 2015. 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. As of 12/2020, Iten employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iten 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 12/2020, Iten generated $61.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.0%) each year. All expenses for the organization totaled $79.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (25.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR TECHNOLOGY STARTUP COMPANIES IN ST. LOUIS.
Describe the Organization's Program Activity:
Part 3
ITEN IS THE INFORMATION TECHNOLOGY ENTREPRENEURS' NETWORK. IT PROVIDES MENTORING, PROOF OF CONCEPT AND FUNDRAISING PREPARATION PROGRAMS FOR STARTUPS, AS WELL AS EXTENSIVE NETWORKING OPPORTUNITIES FOR ENTREPRENEURS, INNOVATORS, INDUSTRY PROFESSIONALS, AND COMMUNITY MEMBERS INTERESTED IN TECH INNOVATION. ITEN'S SERVICES ARE FREE OF CHARGE TO THE OVER 200 STARTUP COMPANIES WITH ACTIVE MEMBERSHIP.
THE ITEN CORPORATE INNOVATION PROGRAM (FORMERLY CORPORATE ENGAGEMENT PROGRAM) BRINGS TOGETHER TECH STARTUP VENTURES AND REGIONAL CORPORATIONS IN INNOVATIVE WAYS TO MENTOR START UP VENTURES. CIP CAN PROVIDE THE OPPORTUNITY TO LEARN SPECIFICALLY WHAT LARGER CORPORATIONS ARE INTERESTED IN AND CHALLENGED BY, THROUGH DIRECT CONTACT WITH THEIR KEY DECISION-MAKERS. THE CIP ALSO HOLDS PUBLIC-FACING EVENTS TO EDUCATE ON CORPORATE/STARTUP COLLABORATION, AS WELL AS EVENTS FOR CIP PARTNERS TO LEARN FROM EACH OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Louise Helbig Exec. Director | 40 | $9,597 | |
Molly Hudgens Board Chair (from 4/20/20) | 0.25 | $0 | |
T J Rains Board Secretary (from 4/20/20) | 0.25 | $0 | |
Robert Westerfelt Board Member (from 9/14/20) | 0.25 | $0 | |
Roger Ellis Board Member (through 4/20/20) | 0.25 | $0 | |
James Brasunas Secretary (through 4/20/20) | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,758 |
| Total Program Service Revenue | $0 |
| Membership dues | $35,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $341 |
| Total Revenue | $61,099 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,820 |
| Professional fees and other payments to independent contractors | $12,132 |
| Occupancy, rent, utilities, and maintenance | $3,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,611 |
| Total expenses | $78,963 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,603 |
| Other assets | $0 |
| Total assets | $49,183 |
| Total liabilities | $0 |
| Net assets or fund balances | $49,183 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iten has recieved totaling $16.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Mhub Chicago, IL | $5,077,327 | $6,781,086 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Kentucky Highlands Investment Corporation London, KY | $130,461,604 | $9,285,837 |
Chicago Neighborhood Initiatives Inc Chicago, IL | $28,044,875 | $6,086,031 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |