Nonprofit · EIN 30-0841640
INNOVATORS FOR PURPOSE
Tax-exempt · CAMBRIDGE, MA 02141
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $891,953 | $538,915 | $353,038 | $472,864 | $16,652 | $456,212 |
| June 30, 2024 | 990 | $666,283 | $505,861 | $160,422 | $238,305 | $25,222 | $213,083 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $817,369
- Program service revenue
- $74,584
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $188,125
- Other salaries and wages
- $143,188
- Salaries, compensation and benefits (total)
- $385,699
- Professional fundraising fees
- $2,550
- Accounting fees
- $6,687
- Travel
- $1,244
- Program services (functional)
- $413,423
- Management and general (functional)
- $79,282
- Fundraising (functional)
- $46,210
Balance sheet and other
- Total assets, start of year
- $238,305
- Total assets, end of year
- $472,864
- Total liabilities, end of year
- $16,652
- Net assets, end of year
- $456,212
- Net assets without donor restrictions
- $456,212
- Gross receipts
- $891,953
- Employees
- 29
- Volunteers
- 20
- Year formed
- 2014
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael K Dawson | Director Co-Founder CEO Trustee or director, Officer | 60 | $107,500 | $12,505 |
| Donna Dawson | Director Co-Founder VP Trustee or director, Officer | 40 | $80,625 | $2,932 |
| Ronald Walker | Board Chair Trustee or director | 1 | $0 | $0 |
| Dr Larry Myatt | Board Secretary Trustee or director | 1 | $0 | $0 |
| Kristina L Sansone | Board Director Trustee or director | 1 | $0 | $0 |
| Dr Amon Millner | Board Director Trustee or director | 1 | $0 | $0 |
| Jess Pina | Board Director Trustee or director | 1 | $0 | $0 |
| Chokdee Rutirasiri | Board Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael K Dawson | Director Co-Founder CEO Trustee or director, Officer | 60 | $100,000 | $10,378 |
| Donna Dawson | Director Co-Founder VP Trustee or director, Officer | 40 | $75,000 | $3,044 |
| Dr Amon Millner | Board Director Trustee or director | 1 | $0 | $0 |
| Jess Pina | Board Director Trustee or director | 1 | $0 | $0 |
| Chokdee Rutirasiri | Board Director Trustee or director | 1 | $0 | $0 |
| Ron Walker | Board Chair Trustee or director | 1 | $0 | $0 |
| Dr Larry Myatt | Board Secretary Trustee or director | 1 | $0 | $0 |
| Kristina L Sansone | Board Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 91 1ST STREET 425475, CAMBRIDGE, MA 02141-1804
- In care of
- % MICHAEL DAWSON
- Mailing address (990-N for 2016)
- 825 Main St, Acton MA 01720
- Principal officer (990-N for 2016)
- Michael Dawson, 825 Main St, Acton MA 01720
- Signed the 990
- MICHAEL DAWSON, Director
- Phone
- (857) 285-3842
- Website
- www.innovatorsforpurpose.org
- Return prepared by
- Babson & Associates LLC
Mission
Youth development and STEM education organization
Program accomplishments
- 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.Expenses $413,423
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0841640
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O19)
- Assets (IRS master file)
- $472,864
- Income (IRS master file)
- $891,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $891,953 | $538,915 | $472,864 | XML |
| 990 | June 2024 | $666,283 | $505,861 | $238,305 | XML |
| 990 | June 2023 | $452,501 | $406,179 | $215,823 | IRS |
| 990 | June 2022 | $392,552 | $315,616 | $171,435 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2016 Officer: Michael Dawson | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0841640).
Questions about INNOVATORS FOR PURPOSE
- What is the EIN of INNOVATORS FOR PURPOSE?
- The employer identification number (EIN) of INNOVATORS FOR PURPOSE is 30-0841640.
- Is INNOVATORS FOR PURPOSE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to INNOVATORS FOR PURPOSE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATORS FOR PURPOSE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNOVATORS FOR PURPOSE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATORS FOR PURPOSE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INNOVATORS FOR PURPOSE?
- The 990-N for 2016 names Michael Dawson.
- Who are the officers and directors of INNOVATORS FOR PURPOSE?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $107,500 (Michael K Dawson, Director Co-Founder CEO).
- How much revenue does INNOVATORS FOR PURPOSE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $891,953, expenses of $538,915 and total assets of $472,864 at year end.
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