2025-12-16T10:29:31-05:00 2025-06-30 991827582 Babson & Associates LLC 170 Parks St Duxbury MA 02332 990 2024-07-01 300841640 Innovators for Purpose Inc % Michael Dawson INNO 8572853842 825 Main St Acton MA 01720 MICHAEL DAWSON Director 8572853842 2025-11-22 false true MARIYA BABSON CPA P02375486 7815887732 2025-12-16 2024 2025-03-06 01:10:19Z 891953 false X www.innovatorsforpurpose.org X 2014 MA Youth development and STEM education organization 8 6 29 20 0 0 619783 817369 46500 74584 0 0 666283 891953 0 0 374025 385699 3870 2550 46210 127966 150666 505861 538915 160422 353038 238305 472864 25222 16652 213083 456212 Youth development and STEM education organization false false 413423 iFp Labs - Introduces 7-8th grade students to iFps unique approach to STEM education at the intersection of design, technology and social impact. iFp Studios - Offers students aged 14 and older a paid, work-based design and innovation studio experience. Collaborating with professionals, students create products and experiences that promote social justice and generate positive social impact. iFp Next - Focuses on mentorship and the continued building of social capital to help facilitate internships and job opportunities for iFp graduates. 413423 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 8 0 true 29 true false false false false false false false false false false false false false false false false false X 8 6 true false false false false false false true true false false true false false false true true false MA X X Michael K Dawson 8572853842 825 Main St Acton MA 01720 Michael K Dawson Director Co-Founder CEO 60.00 0.00 X X 107500 0 12505 Donna Dawson Director Co-Founder VP 40.00 0.00 X X 80625 0 2932 Ronald Walker Board Chair 1.00 0.00 X 0 0 0 Dr Larry Myatt Board Secretary 1.00 0.00 X 0 0 0 Kristina L Sansone Board Director 1.00 0.00 X 0 0 0 Dr Amon Millner Board Director 1.00 0.00 X 0 0 0 Jess Pina Board Director 1.00 0.00 X 0 0 0 Chokdee Rutirasiri Board Director 1.00 0.00 X 0 0 0 188125 0 15437 1 false false false 817369 109909 817369 Program service revenue 611600 74584 74584 74584 0 891953 74584 0 0 X 188125 129000 37625 21500 143188 143188 24365 9854 3084 11427 30021 24907 3265 1849 6687 6687 2550 2550 66495 66495 8884 8884 4652 4652 1244 503 741 557 557 5495 5495 Meals & entertainment 19216 18391 825 Supplies & equipment 5102 5102 Software & technology 23236 21085 2151 Bank Charges 3441 3441 5657 5657 538915 413423 79282 46210 188305 322864 50000 150000 238305 472864 25222 16652 25222 16652 X 213083 456212 213083 456212 238305 472864 353038 -109909 0 X true X false false false X 205058 291452 378151 590083 707460 2172204 25050 27900 29700 109909 192559 205058 316502 406051 619783 817369 2364763 806751 1558012 2364763 0.65880 0.64000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X Rent in Kind 1 29700 Fair Value X Services in Kind 43 109909 Fair Value false false false Officer directors etc family relationship Part VI line 2 Two board members are married, both have full voting rights, founders of the organization, receive salaries. Governing body meeting documentation Part VI line 8a The Organization has power point slides which present the topics of each board of directors meetings. Committee meeting documentation Part VI line 8b The Organization has power point slides for each meeting. Form 990 governing body review Part VI line 11 Director of the Organization reviews and approves form 990 and PC before filing. CEO executive director top management comp Part VI line 15a Board of Directors review and approve compensation for executive director annually Other officer or key employee compensation Part VI line 15b Board of Directors review and approve the comensation for the key employee annually Governing documents etc available to public Part VI line 19 Governing documents, policies, and financial statements are available to general public upon request. List of other fees for services expenses Part IX line 11g Professional services $71,695 General explanation attachment Contributed services are recognized when they create or enhance nonfinancial assets or require specialized skills that are provided by individuals possessing those skills, in accordance with GAAP. During the fiscal year ended June 30, 2025, the Organization received contributed services from students who performed various design-related projects during the summer and school year. The value of these services, estimated at $80,209, is reflected in the form 990 and financial statements of the organization. The Organization has an agreement with the City of Cambridge under which the city pays earned stipends directly to the participating students for the hours worked on the Organizations projects. Donated facilities, services, and assets are recorded at the estimated fair value provided to the Organization. During fiscal year ended June 30, 2025, donated facility amounting to $29,700 were received and are recorded in form 990 on statement of activity as in-kind rent income. The organization has assigned fair market value to the leased facilities based on the location, similar spaces available for lease, and times used. The facilities are used for program activities and shared with others users.