STRATEGY STUDIO / PUBLIC DATA EXPLORER

INNOVATION WORKS INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
INNOVATION WORKS INC (EIN 25-1588611)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-14
IRS object ID
201521349349303807
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-05-14T11:38:53-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN251467156PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SISTERSON & CO LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1310 GRANT STREET SUITE 2100AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15219ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN251588611EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INNOVATION WORKS INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlINNOBusinessNameControlTxt
Phone4126811520PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 TECHNOLOGY DRIVE NO 250AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code152193109ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD R LUNAKPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone4126811520PhoneNum
Signature2015-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL M COMSTOCKPreparerPersonNm
PTINP00474378PTIN
Phone4122812025PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICHARD R LUNAKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 TECHNOLOGY DRIVEAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15219ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$12,700,482GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.INNOVATIONWORKS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1988FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN DISTRESSED COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee37TotalEmployeeCnt
Total Volunteers132TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$1,769NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,672,538PYContributionsGrantsAmt
CY Contributions Grants$7,416,489CYContributionsGrantsAmt
PY Program Service Revenue$3,636,335PYProgramServiceRevenueAmt
CY Program Service Revenue$1,334,782CYProgramServiceRevenueAmt
PY Investment Income$7,736PYInvestmentIncomeAmt
CY Investment Income$119,731CYInvestmentIncomeAmt
PY Other Revenue$242,593PYOtherRevenueAmt
CY Other Revenue$191,882CYOtherRevenueAmt
PY Total Revenue$14,559,202PYTotalRevenueAmt
CY Total Revenue$9,062,884CYTotalRevenueAmt
PY Grants And Similar Paid$418,671PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$235,331CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,786,667PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,083,160CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$66,386CYTotalFundraisingExpenseAmt
PY Other Expenses$6,400,248PYOtherExpensesAmt
CY Other Expenses$6,008,489CYOtherExpensesAmt
PY Total Expenses$10,605,586PYTotalExpensesAmt
CY Total Expenses$10,326,980CYTotalExpensesAmt
PY Revenues Less Expenses$3,953,616PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,264,096CYRevenuesLessExpensesAmt
Total Assets BOY$23,092,527TotalAssetsBOYAmt
Total Assets EOY$21,804,337TotalAssetsEOYAmt
Total Liabilities BOY$7,224,810TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,844,905TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,867,717NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$14,959,432NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN DISTRESSED COMMUNITIES.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,984,185ExpenseAmt
Grant$235,331GrantAmt
Revenue$1,526,664RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$8,984,185TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document27IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee37EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSUSAN KIJOWSKIPersonNm
Phone4126811520PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 TECHNOLOGY DRIVE STE 250AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code152193109ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MR RONALD BIANCHINI JR
BOARD CHAIR2.50Yes (X)$0$0$0
MS ANN DUGAN
BOARD MEMBER (THROUGH 4/14)0.80Yes (X)$0$0$0
DR TOM EMERSON
BOARD MEMBER0.80Yes (X)$0$0$0
MR WILLIAM GENERETT JR
BOARD MEMBER0.80Yes (X)$0$0$0
MR ROGER BYFORD
BOARD MEMBER (7/13 - 12/13)0.80Yes (X)$0$0$0
MR MARK REDFERN
BOARD MEMBER (BEGINNING 4/14)0.80Yes (X)$0$0$0
MR MICHAEL GREEN
BOARD MEMBER0.80Yes (X)$0$0$0
DR RANDY JUHL
BOARD MEMBER0.80Yes (X)$0$0$0
MR MICHAEL STUBLER
BOARD MEMBER0.80Yes (X)$0$0$0
MR GARY GLAUSSER
CHIEF INVESTMENT OFFICER40.00$164,232$0$24,177Yes (X)
MR FRANK DEMMLER
VP, ENTREPRENEURIAL EXECUTIVES TEAM40.00$234,444$0$27,956Yes (X)
MR RICHARD R LUNAK
PRESIDENT & CEO40.00$343,870$0$48,005Yes (X)
MS SUSAN KIJOWSKI
CONTROLLER40.00$133,470$0$29,437Yes (X)
JIM JEN
EXECUTIVE IN RESIDENCE40.00$186,609$0$34,638Yes (X)
LOUIS MILLER JR
EXECUTIVE IN RESIDENCE40.00$187,745$0$33,693Yes (X)
DESMOND O'CONNOR
EXECUTIVE IN RESIDENCE40.00$170,752$0$33,750Yes (X)
JEFFREY MCDANIEL
EXECUTIVE IN RESIDENCE40.00$155,791$0$38,764Yes (X)
CHUCK BRANDT
VP TECHNOLOGY PROGRAMS40.00$158,140$0$32,720Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,735,053TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$303,140TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
REPAL CONSTRUCTION CO INC
11075 PARKER DRIVENORTH HUNTINGDONPA15642CONSTRUCTION$139,885
BUCHANAN INGERSOLL & ROONEY PC
301 GRANT STREET 20TH FLOORPITTSBURGHPA15219LEGAL$109,320
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$5,641,776GovernmentGrantsAmt
All Other Contributions$1,774,713AllOtherContributionsAmt
Noncash Contributions$1,480,162NoncashContributionsAmt
Total Contributions$7,416,489TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN & EQUITY INCOME900000$1,260,096$1,260,096
ROYALTIES900000$74,686$74,686
FieldValueIRS element (for citing)
Total Program Service Revenue$1,334,782TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$119,555TotalRevenueColumnAmt
Exclusion$119,555ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,637,774SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,637,598SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$176SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$176TotalRevenueColumnAmt
Exclusion$176ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900000BusinessCd
Total Revenue Column$191,882TotalRevenueColumnAmt
Related Or Exempt Func Income$191,882RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$191,882OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,062,884TotalRevenueColumnAmt
Related Or Exempt Func Income$1,526,664RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$119,731ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$235,331TotalAmt
Program Services$235,331ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$927,725TotalAmt
Program Services$446,888ProgramServicesAmt
Management And General$480,837ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,320,225TotalAmt
Program Services$2,039,811ProgramServicesAmt
Management And General$234,934ManagementAndGeneralAmt
Fundraising$45,480FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$389,754TotalAmt
Program Services$298,404ProgramServicesAmt
Management And General$85,892ManagementAndGeneralAmt
Fundraising$5,458FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$277,672TotalAmt
Program Services$207,088ProgramServicesAmt
Management And General$61,339ManagementAndGeneralAmt
Fundraising$9,245FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$167,784TotalAmt
Program Services$128,459ProgramServicesAmt
Management And General$36,976ManagementAndGeneralAmt
Fundraising$2,349FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$48,106TotalAmt
Program Services$15,708ProgramServicesAmt
Management And General$32,398ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,447TotalAmt
Management And General$31,447ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$33,350TotalAmt
Program Services$33,350ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$116,213TotalAmt
Program Services$91,089ProgramServicesAmt
Management And General$25,124ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$63,415TotalAmt
Program Services$44,866ProgramServicesAmt
Management And General$18,549ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$53,762TotalAmt
Program Services$44,870ProgramServicesAmt
Management And General$8,331ManagementAndGeneralAmt
Fundraising$561FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$141,694TotalAmt
Program Services$89,033ProgramServicesAmt
Management And General$50,810ManagementAndGeneralAmt
Fundraising$1,851FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$258,745TotalAmt
Program Services$156,103ProgramServicesAmt
Management And General$101,760ManagementAndGeneralAmt
Fundraising$882FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$22,029TotalAmt
Program Services$16,993ProgramServicesAmt
Management And General$5,036ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$34,745TotalAmt
Program Services$29,080ProgramServicesAmt
Management And General$5,665ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$68,171TotalAmt
Program Services$45,300ProgramServicesAmt
Management And General$22,871ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$28,950TotalAmt
Program Services$20,807ProgramServicesAmt
Management And General$7,635ManagementAndGeneralAmt
Fundraising$508FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INVESTMENT IN PORTFOLIO$4,805,930$4,805,930
REGIONAL INFRASTRUCTURE$220,349$218,840$1,509
SUBSCRIPTIONS AND MEMBE$16,951$9,222$7,729
RELOCATION EXPENSES$4,171$4,171

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$60,461TotalAmt
Program Services$2,842ProgramServicesAmt
Management And General$57,567ManagementAndGeneralAmt
Fundraising$52FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,326,980TotalAmt
Program Services$8,984,185ProgramServicesAmt
Management And General$1,276,409ManagementAndGeneralAmt
Fundraising$66,386FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$501BOYAmt
EOY$500EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$13,010,867BOYAmt
EOY$7,223,275EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$409,150BOYAmt
EOY$408,490EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$85,440BOYAmt
EOY$59,875EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$787,168LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$432,647LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$25,613BOYAmt
EOY$354,521EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$8,925,331BOYAmt
EOY$12,579,792EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$635,625BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$1,162,884EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$15,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$23,092,527BOYAmt
EOY$21,804,337EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$791,297BOYAmt
EOY$1,023,892EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$6,433,513BOYAmt
EOY$5,625,513EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$195,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,224,810BOYAmt
EOY$6,844,905EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,432,667BOYAmt
EOY$14,034,641EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,435,050BOYAmt
EOY$924,791EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,867,717BOYAmt
EOY$14,959,432EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,092,527BOYAmt
EOY$21,804,337EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$1,264,096ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$306,680NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$662,491OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,724,102CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,169,633CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,071,036CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,672,538CurrentTaxYearMinus1YearAmt
Current Tax Year$7,416,489CurrentTaxYearAmt
Total$46,053,798TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,724,102CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,169,633CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,071,036CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,672,538CurrentTaxYearMinus1YearAmt
Current Tax Year$7,416,489CurrentTaxYearAmt
Total$46,053,798TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$6,684,849SubstantialContributorsTotAmt
Public Support Total170$39,368,949PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$43,191CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,569CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$127,372CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$109,262CurrentTaxYearMinus1YearAmt
Current Tax Year$119,555CurrentTaxYearAmt
Total$441,949TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$212,316CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,336,045CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,386,148CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,878,928CurrentTaxYearMinus1YearAmt
Current Tax Year$1,526,664CurrentTaxYearAmt
Total$16,340,101TotalAmt
FieldValueIRS element (for citing)
Total Support$62,835,848TotalSupportAmt
Gross Receipts Rltd Activities$15,860,806GrossReceiptsRltdActivitiesAmt
Public Support CY1700.62650PublicSupportCY170Pct
Public Support PY1700.65710PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$0PoliticalExpendituresAmt
Volunteer Hours0VolunteerHoursCnt
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Volunteers0VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$39,913DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$39,913TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationLOBBYING ACTIVITIES INCLUDE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFF, GOVERNMENT OFFICIALS OR A LEGISLATIVE BODY.ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$510,390OtherCostOrOtherBasisAmt
Depreciation$194,670DepreciationAmt
Book Value$315,720BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$205,821OtherCostOrOtherBasisAmt
Depreciation$167,180DepreciationAmt
Book Value$38,641BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,957OtherCostOrOtherBasisAmt
Depreciation$70,797DepreciationAmt
Book Value$160BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$354,521TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
RIVERFRONT VENTURES$1,127,915F
IW MANAGEMENT COMPANY$34,969F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$1,162,884TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE INCENTIVEDesc
Amt$195,500Amt
FieldValueIRS element (for citing)
Total Liability$195,500TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION ON INCOME TAXES CLARIFIES RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. IW EVALUATES UNCERTAIN TAX POSITIONS FOR RECOGNITION BY DETERMINING WHETHER EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT A POSITION WILL BE SUSTAINED IF EXAMINED BY TAXING AUTHORITIES. AS OF JUNE 30, 2014, IW IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. IW'S TAX RETURNS FOR TAX YEARS 2011 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeRecipient EINRecipientEINCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
CARNEGIE MELLON UNIVERSITY
5000 FORBES AVENUEPITTSBURGHPA15213250969449$59,759CASHN/AUNIVERSITY INNOVATION GRANT
CIRCADIANCE LLC
1060 CORPORATE LANEEXPORTPA15632208040100$5,000CASHN/AIW/CATALYST CONNECTION INTERN GRANT
RENERGE INC
106 ASCOT PLACEPITTSBURGHPA15237452546011$30,000CASHN/AEARLY STAGE TECHNOLOGY ASSISTANCE PROGRAM
RESSQ TECHNOLOGIES INC
304 CARLTON STREETPITTSBURGHPA15235270738122$6,964CASHN/AIW/CATALYST CONNECTION INTERN GRANT
UNIVERSITY OF PITTSBURGH
4200 FIFTH AVENUEPITTSBURGHPA15260250965591$36,650CASHN/AUNIVERSITY INNOVATION GRANT
RUBITECTION
1715 HAYS STREETPITTSBURGHPA15218272165217$25,000CASHN/AEARLY STAGE TECHNOLOGY ASSISTANCE PROGRAM
URBAN INNOVATION21
1901 CENTRE AVENUEPITTSBURGHPA15219260379369$5,325CASHN/AIW/CATALYST CONNECTION INTERN GRANT
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org7TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationEXECUTIVES IN RESIDENCE WORK DIRECTLY WITH GRANTEES THROUGHOUT THE LIFE OF THE GRANT. FINAL FINANCIAL AND PROGRESS REPORTS ARE ALSO REQUIRED TO BE SUBMITTED BY EACH GRANTEE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MR GARY GLAUSSER
CHIEF INVESTMENT OFFICER$146,559$0$17,260$0$413$0$11,865$0$12,532$0$188,629$0$0$0
MR FRANK DEMMLER
VP, ENTREPRENEURIAL EXECUTIVES TEAM$188,097$0$45,797$0$550$0$22,506$0$5,689$0$262,639$0$0$0
MR RICHARD R LUNAK
PRESIDENT & CEO$263,677$0$79,593$0$600$0$31,687$0$16,558$0$392,115$0$0$0
MS SUSAN KIJOWSKI
CONTROLLER$106,185$0$26,961$0$324$0$13,119$0$16,558$0$163,147$0$0$0
JIM JEN
EXECUTIVE IN RESIDENCE$155,266$0$30,901$0$442$0$18,320$0$16,558$0$221,487$0$0$0
LOUIS MILLER JR
EXECUTIVE IN RESIDENCE$155,338$0$31,951$0$456$0$18,677$0$15,255$0$221,677$0$0$0
DESMOND O'CONNOR
EXECUTIVE IN RESIDENCE$141,626$0$28,695$0$431$0$17,432$0$16,558$0$204,742$0$0$0
JEFFREY MCDANIEL
EXECUTIVE IN RESIDENCE$132,564$0$23,227$0$0$0$22,446$0$16,558$0$194,795$0$0$0
CHUCK BRANDT
VP TECHNOLOGY PROGRAMS$155,140$0$3,000$0$0$0$16,403$0$16,558$0$191,101$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
IW MANAGEMENT COMPANY LLC
RICHARD R. LUNAK IS A CURRENT OFFICER OF BOTH ENTITIES.$34,969CAPITAL CONTRIBUTION TO IW MANAGEMENT COMPANY, LLC FROM INNOVATION WORKS, INC.0
IW MANAGEMENT COMPANY LLC
RICHARD R. LUNAK IS A CURRENT OFFICER OF BOTH ENTITIES.$130,239REIMBURSEMENT BY IW MANAGEMENT COMPANY, LLC TO INNOVATION WORKS, INC. FOR ADMINISTRATIVE COSTS.0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$1,480,162NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2ALPHALAB GEAR - THIS PROGRAM WAS LAUNCHED IN 2013 AS THE HARDWARE ACCELERATOR PROGRAM BASED ON THE ALPHALAB ACCELERATOR MODEL TO SUPPORT PHYSICAL PRODUCT COMPANIES. PROGRAM COMPONENTS INCLUDE THE SAME CORE PROGRAMMING AS ALPHALAB PLUS PRODUCT DESIGN, MANUFACTURING, SUPPLY CHAIN AND RETAIL DISTRIBUTION. ALPHALAB GEAR COMPANIES ALSO BENEFIT FROM BEING A PART OF THE EXTENDED ALPHALAB NETWORK, LEVERAGING THE ALUMNI AND MENTOR NETWORKS, SOFTWARE/INTERNET EXPERTISE BUILT OVER PRIOR ALPHALAB PROGRAM CYCLES.
FORM 990, PART VI, SECTION A, LINE 6THE SOLE MEMBER OF INNOVATION WORKS, INC. IS MPC CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7ATHE MPC CORPORATION SHALL HAVE THE RIGHT TO APPROVE CANDIDATES NOMINATED BY THE BOARD OF DIRECTORS OF INNOVATION WORKS, INC.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS REVIEWED BY THE CONTROLLER IN DETAIL. A COPY OF FORM 990 IS THEN PROVIDED TO THE ORGANIZATION'S EXECUTIVE AND AUDIT COMMITTEES OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. COMMENTS/QUESTIONS ARE DIRECTED TO THE BOARD CHAIRMAN OR PRESIDENT AND CEO.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION REQUIRES EACH BOARD MEMBER, OFFICER, AND STAFF TO ANNUALLY COMPLETE A CONFLICT OF INTEREST AND FINANCIAL DISCLOSURE FORM AND DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION'S COMPENSATION FOR THE OFFICERS AND KEY POSITIONS IS REVIEWED EVERY TWO YEARS BY AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE CONSIDERS THE INFORMATION PROVIDED BY THE COMPENSATION CONSULTANT TO DETERMINE EMPLOYEE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:DIFFERENCE FOR CASH BASIS & ACCRUAL BASIS CONTRIBUTIONS ON LINE 1 620,981. NET ASSETS AT 6/30/13 OF SINGLE MEMBER DISREGARDED LLC 41,510.
FORM 990, PART III, LINE 4A:THE COMPANIES SERVED BY IW IMPACT SOUTHWESTERN PENNSYLVANIA IN SEVERAL WAYS: (1) THEY CREATE JOBS; (2) THEY HELP RETAIN KEY REGIONAL TALENT; (3) THEY ATTRACT INVESTMENT DOLLARS AND TALENT TO THE REGION; AND (4) THEY CREATE A SUSTAINABLE COMPETITIVE ADVANTAGE FOR THE REGION'S COMPANIES. INNOVATION INVESTMENT FUND - THE CORE OF THE INNOVATION WORKS MODEL IS THE INNOVATION INVESTMENT FUND, SOUTHWESTERN PENNSYLVANIA'S LEADING SOURCE FOR SEED-STAGE CAPITAL FOR START UP TECHNOLOGY COMPANIES. INNOVATION WORKS HAS DEVELOPED AN EVALUATION PROCESS THAT IS STRUCTURED TO HELP FACILITATE WISE INVESTMENT DECISION-MAKING WITHIN INNOVATION WORKS. THE PROCESS IS DESIGNED TO LEVERAGE THE KNOWLEDGE OF INDUSTRY CONTACTS, STAFF DOMAIN EXPERTS, BOARD MEMBERS, AND MARKET EXPERTS, AS WELL AS TO GATHER THE OPINIONS AND RECOMMENDATIONS OF THE FOLLOW-ON INVESTMENT COMMUNITY. ENERGY PROGRAM - AS PART OF THE COMMONWEALTH'S ENERGY INDEPENDENCE FUND, IW SERVES AS THE CATALYST AND HUB OF EARLY-STAGE ENERGY ACTIVITIES IN SW PA FOCUSING ON CLEAN-ENERGY TECHNOLOGIES. AS THE SW PA BEN FRANKLIN PARTNER, IW SEEKS TO ADVANCE THE REGION'S POTENTIAL IN THIS FAST-EMERGING FIELD BY: 1) IDENTIFYING HIGH-POTENTIAL RESEARCH AND ENSURING THAT IT GETS COMMERCIALIZED; 2) STIMULATING COLLABORATIVE OPPORTUNITIES AMONG THE MANY RESEARCH AND COMMERCIAL RESOURCES HERE; 3) PROVIDING INVESTMENTS AND BUSINESS ASSISTANCE TO START AND GROW PROMISING COMPANIES. SMALL MANUFACTURING PROGRAM - IW PROVIDES FUNDING AND CONNECTS SMALL MANUFACTURERS WITH THE REGION'S CENTERS OF EXCELLENCE TO HELP THEM IMPROVE PRODUCT AND PROCESS ENGINEERING FOR COMPETITIVE ADVANTAGE. UNIVERSITY GRANTS/TECHNOLOGY COMMERCIALIZATION CONSORTIUM (TCC) - IW WORKS IN PARTNERSHIP WITH WORLD-RENOWNED UNIVERSITIES IN THE PITTSBURGH REGION TO IDENTIFY AND CULTIVATE RESEARCH IDEAS THAT HAVE VIABLE MARKETS, AND PROVIDE FUNDING TO HELP ACCELERATE COMMERCIALIZATION. TECHNOLOGY COMMERCIALIZATION INITIATIVE (TCI) - IW IS PROVIDING FUNDING FOR ACCELERATING THE COMMERCIALIZATION OF DIGITAL AND ROBOTICS PROJECTS THAT ADDRESS KEY ENGINEERING DESIGN CHALLENGES, SHOW A HIGH DEGREE OF INNOVATION AND IDENTIFY A CLEAR PATH TO COMMERCIALIZATION WITH THE POTENTIAL TO SIGNIFICANTLY IMPACT TECHNOLOGY-RELATED COMPANIES ACROSS PENNSYLVANIA. INTERNSHIP PROGRAM - THROUGH OUR ONGOING RELATIONSHIPS WITH AREA UNIVERSITIES, IW IDENTIFIES HIGH-CALIBER MBA AND UNDERGRADUATE STUDENTS WHO SHOW HIGH POTENTIAL IN BUSINESS, ENGINEERING AND OTHER IN-DEMAND FIELDS, FOR PLACEMENT AS INTERNS IN REGIONAL TECHNOLOGY START-UPS AND INNOVATIVE MANUFACTURING COMPANIES. ALPHALAB - AN INTENSIVE, 20-WEEK PROGRAM FOR LAUNCHING THE NEXT GENERATION OF SOFTWARE, ENTERTAINMENT TECHNOLOGY HARDWARE, AND INTERNET-RELATED COMPANIES. ALPHALAB PROVIDES FUNDING, FREE OFFICE SPACE, AND EXPERTISE TO HELP COMPANIES RAPIDLY DEVELOP THEIR TECHNOLOGY, GAIN EARLY USER FEEDBACK, DEVELOP GO-TO-MARKET STRATEGIES, AND MOVE TOWARD COMMERCIALIZATION. ALPHALAB GEAR - THIS PROGRAM WAS LAUNCHED IN 2013 AS THE HARDWARE ACCELERATOR PROGRAM BASED ON THE ALPHALAB ACCELERATOR MODEL TO SUPPORT PHYSICAL PRODUCT COMPANIES. PROGRAM COMPONENTS INCLUDE THE SAME CORE PROGRAMMING AS ALPHALAB PLUS PRODUCT DESIGN, MANUFACTURING, SUPPLY CHAIN AND RETAIL DISTRIBUTION. ALPHALAB GEAR COMPANIES ALSO BENEFIT FROM BEING A PART OF THE EXTENDED ALPHALAB NETWORK, LEVERAGING THE ALUMNI AND MENTOR NETWORKS, SOFTWARE/INTERNET EXPERTISE BUILT OVER PRIOR ALPHALAB PROGRAM CYCLES. INVESTOR DEVELOPMENT - IN THE CURRENT ENVIRONMENT, ASSISTING COMPANIES WITH RAISING CAPITAL IS ONE OF THE MOST IMPORTANT, AND MOST REQUESTED, SERVICE OFFERINGS THAT INNOVATION WORKS PROVIDES. EVERY COMPANY IN THE INNOVATION WORKS PORTFOLIO, REGARDLESS OF INDUSTRY, STAGE OF GROWTH OR EXPERIENCE OF THE ENTREPRENEUR, HAS FUNDRAISING AS A CONSTANT AND NECESSARY PRIORITY. INVESTOR DEVELOPMENT ASSISTS INNOVATION WORKS PORTFOLIO COMPANIES IN ALL ASPECTS OF THEIR FUNDRAISING EFFORTS. FROM 1999 - 2014, IW'S PORTFOLIO COMPANIES AND ACCELERATOR COMPANIES RAISED $1.54B OF FOLLOW-ON INVESTMENT-MOSTLY FROM SOURCES OUTSIDE OUR REGION. EXECUTIVES IN RESIDENCE - ONE OF THE KEYS TO INNOVATION WORKS SUCCESS IS ITS APPROACH TO HELPING COMPANIES BY PROVIDING NOT ONLY CAPITAL, BUT ALSO BUSINESS EXPERTISE. INNOVATION WORKS' EXECUTIVES IN RESIDENCE ALSO IDENTIFY AND ASSEMBLE THE ESSENTIAL BUSINESS RESOURCES, SKILLS, ADVICE AND INFORMATION THAT ARE NEEDED BY ITS PORTFOLIO COMPANIES BEYOND WHAT IS PROVIDED BY INNOVATION WORKS INTERNAL RESOURCES. THIS IS AN IMPORTANT ELEMENT OF INNOVATION WORKS VALUE PROPOSITION, BECAUSE ALL EARLY STAGE TECHNOLOGY COMPANIES CAN GREATLY IMPROVE THEIR CHANCES OF SUCCESS IF GIVEN ACCESS TO THE RIGHT EXPERTISE AND ASSISTANCE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
MPC CORPORATION
5000 FORBES AVENUEPITTSBURGHPA152133890251128244RESEARCH AND DEVELOPMENTPA501(C)(3)11A - TYPE 1N/A0
BEN FRANKLIN TECHNOLOGY PARTNERS CORP
116 RESEARCH DRIVEBETHLEHEMPA180153715201326433ECONOMIC DEVELOPMENTPA501(C)(3)509(A)(3)N/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RIVERFRONT VENTURES LLCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 TECHNOLOGY DRIVE SUITE 250AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15219ZIPCode
FieldValueIRS element (for citing)
EIN462587754EIN
Primary ActivitiesVENTURE FUND - INVESTMENTS IN EARLY STAGE TECH COMPANIESPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1IW MANAGEMENT COMPANY LLCBusinessNameLine1
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Share Of EOY Assets$377,085ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.69170OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1IW MANAGEMENT COMPANY LLCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 TECHNOLOGY DRIVE SUITE 250AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15219ZIPCode
FieldValueIRS element (for citing)
EIN462574317EIN
Primary ActivitiesMANAGE RELATED ENTITY, RIVERFRONT VENTURES, LLCPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1INNOVATION WORKS INCBusinessNameLine1
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income$343,144ShareOfTotalIncomeAmt
Share Of EOY Assets$53,925ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
IW MANAGEMENT COMPANY LLC
B$34,964ACTUAL CASH
RIVERFRONT VENTURES LLC
B$1,464,193ACTUAL CASH
IW MANAGEMENT COMPANY LLC
Q$130,239ACTUAL CASH
RIVERFRONT VENTURES LLC
R$161,105ACTUAL CASH