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Nonprofit · EIN 45-2836061

DIVERSITY & INNOVATION INSTITUTE INC

Tax-exempt · INDIANAPOLIS, IN 46268

Financials

$345K$457K2022$1.1M$560K2023$598K$807K2024
Revenue Expenses · by fiscal year end
Financials of DIVERSITY & INNOVATION INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$598,260$807,320-$209,060$552,083$503,508$48,575
December 31, 2023990$1,136,621$559,647$576,974$886,752$515,986$370,766
December 31, 2022990$345,135$456,875-$111,740$305,550$511,758-$206,208
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$574,382
of which government grants
$478,550
Program service revenue
$3,084
Investment income
$20,794
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$105,092
Other salaries and wages
$396,317
Salaries, compensation and benefits (total)
$518,885
Professional fundraising fees
$0
Legal fees
$1,000
Occupancy
$47,987
Travel
$2,975
Depreciation
$13,900
Program services (functional)
$405,641
Management and general (functional)
$301,358
Fundraising (functional)
$100,321

Balance sheet and other

Total assets, start of year
$886,752
Total assets, end of year
$552,083
Total liabilities, end of year
$503,508
Net assets, end of year
$48,575
Land, buildings and equipment
$53,776
Gross receipts
$598,260
Employees
22
Year formed
2011
State of legal domicile
IN

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LUIS A PALACIOEXECUTIVE DI
Officer
40$105,092
DINESH CASTELLINOBOARD MEMEBE
Trustee or director
–$0
AMIE IRWINBOARD MEMBER
Trustee or director
–$0
RIMPLE PATWARDHANBOARD MEMBER
Trustee or director
–$0
KUNAL TAYALBOARD MEMBER
Trustee or director
–$0
AMBER CANDISPRESIDENT
Officer
–$0
ERIC VAN GORPVICE PRESIDE
Officer
–$0
JOHN G PEREZSECRETARY
Officer
–$0
JOERG SCHRELBERTREASURER
Officer
–$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
LUIS A PALACIOEXECUTIVE DI
Officer
40$141,865
DINESH CASTELLINOBOARD MEMEBE
Trustee or director
–$0
PAULA FRANCOTREASURER
Trustee or director, Officer
–$0
ERIC VAN GORPPRESIDENT
Trustee or director, Officer
–$0
RIMPLE PATWARDHANBOARD MEMBER
Trustee or director
–$0
JOERG SCHRELBERBOARD MEMBER
Trustee or director
–$0
AMBER CANDISVICE PRESIDE
Officer
–$0
JOHN G PEREZSECRETARY
Officer
–$0
990 for the year ended December 31, 2022: 9 people
NameTitleHours / weekCompensation
LUIS A PALACIOEXECUTIVE DI
Officer
40$87,902
JANETH CASTANOBOARD MEMBER
Trustee or director
–$0
DINESH CASTELLINOBOARD MEMEBE
Trustee or director
–$0
MARIA FRANCOTREASURER
Trustee or director, Officer
–$0
ERIC VAN GORPPRESIDENT
Trustee or director, Officer
–$0
RIMPLE PATWARDHANBOARD MEMBER
Trustee or director
–$0
JOHN G PEREZBOARD MEMBER
Trustee or director
–$0
JOERG SCHRELBERVICE PRESIDE
Trustee or director, Officer
–$0
JEN WEBERSECRETARY
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
9100 PURDUE RD STE 410, INDIANAPOLIS, IN 46268-1172
In care of
% LUIS A PALACIO
Mailing address (990-N for 2015)
2600 Shadeland Ave Suite 110, Indianapolis IN 46219
Principal officer (990 for 2024)
LUIS A PALACIO, 9100 PURDUE RD SUITE 410, INDIANAPOLIS, IN 46268
Principal officer (990-N for 2015)
Kevin Howard, 6780 W Denton Dr, McCordsville IN 46219
Signed the 990
LUIS A PALACIO, EXECUTIVE DIRECTOR
Phone
(317) 703-7836
Return prepared by
FMR CPAS & ADVISORS

Mission

TO UNLOCK INNOVATIVE POTENTIAL THROUGH STEM EDUCATION FOR A DIVERSE AUDIENCE IN AN INCLUSIVE AND EQUITABLE MANNER

990 for the year ended December 31, 2024

Program accomplishments

  • IN 2024, INNOVATION BOULEVARD (IBLVD) EMPOWERED 141 YOUTH THROUGH ITS AFTER-SCHOOL AND SUMMER PROGRAMS. AS PART OF THE NATIONAL 21ST CENTURY COMMUNITY LEARNING CENTERS, IBLVD PROVIDED A HOLISTIC APPROACH TO EDUCATION, OFFERING MENTORING, HOMEWORK ASSISTANCE, PHYSICAL ACTIVITIES, AND PROJECT-BASED LEARNING. THE PROGRAM NOT ONLY IMPROVED ACADEMIC PERFORMANCE BUT ALSO FOSTERED A STRONG SENSE OF COMMUNITY AMONG PARTICIPANTS
    Expenses $236,908
  • TWO IMMERSIVE STEM PROGRAMS WERE OFFERED DURING THE SUMMER OF 2024: THE YOUNG INNOVATORS QUEST (YIQ) PROGRAM AND THE IDEAA SUMMER PROGRAM. THESE PROGRAMS OFFER A VARIETY OF STEM SKILLS AND EXPERIENCES TO HIGH SCHOOL STUDENTS WITH FOCUS ON INNOVATION, RESEARCH AND PRODUCT DEVELOPMENT. PARTICIPANTS OF THESE PROGRAMS ATTENDED INDUSTRY VISITS, GAINED EXPERIENCE THROUGH PROJECT-BASED-LEARNING, VISITED COLLEGE CAMPUSES AND HAD HANDS-ON EXPERIENCE IN LABORATORIES. STEM ENRICHMENT ACTIVITIES INCLUDE: RESEARCH, 3D PRINTING, LASER ENGRAVING, COMPUTER AIDED DESIGN (CAD), COMPUTER AIDED ENGINEERING (CAE), TECHNICAL COMMUNICATIONS, MECHATRONICS, WET LAB BIOLOGICAL BIOLOGICAL PREPARATION, LAB INSTRUMENTS OVERVIEW, FORENSICS, DNA EXTRACTION, VIRTUAL AND AUGMENTED REALITY, MICROSCOPY, AND HUMAN ANATOMY AMONG OTHER. IN 2024, YIQ SERVED 8 HIGH SCHOOL AGE STUDENTS AND THE IDEAA SUMMER SERVED 8 HIGH SCHOOL AGE STUDENTS. THESE PROGRAMS MOTIVATE AND TRAIN HIGH SCHOOL STUDENTS TO BECOME INNOVATORS IN STEM, BETTER PROBLEM SOLVERS, BETTER TEAM COLLABORATORS, BETTER COMMUNICATORS; AND HELP THEM WITH MAKING BETTER INFORMED CAREER CHOICES.
    Expenses $113,103 · revenue $3,084
  • THE AWARD-WINNING TECH LITERACY PROGRAM PROVIDED AN INTRODUCTION TO COMPUTER SOFTWARE SKILLS TO 127 STUDENTS IN GRADES 5 THROUGH 8. THE SKILLS THEY LEARNED ARE COMMONLY USED IN THE WORKFORCE, HELP IMPROVE ACADEMIC ACHIEVEMENT, AND REINFORCE COMPUTER SCIENCE LEARNING. TECH LITERACY EQUIPS UNDERPRIVILEGED CHILDREN WITH SKILLS THAT WILL PREPARE THEM FOR SUMMER INTERNSHIPS OR JOBS, COLLEGE, AND THE WORKFORCE. WORKSHOPS INCLUDED AN INTRODUCTION TO WORD PROCESSORS, SPREADSHEETS, PRESENTATIONS, INTERNET SAFETY, EMAILING, AND COMPUTER HARDWARE.
    Expenses $8,974
  • ADDITIONAL EXPENSES ALLOCATED TO STEM OUTREACH SERVICES AND THE OVERALL PERFORMANCE OF PROGRAMS
    Expenses $46,656

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2836061
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$552,083
Income (IRS master file)
$598,260

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$598,260$807,320$552,083XML
990December 2023$1,136,621$559,647$886,752XML
990December 2022$345,135$456,875$305,550XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2015
Officer: Kevin Howard
December 31, 2015≤ $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 45-2836061).

Questions about DIVERSITY & INNOVATION INSTITUTE INC

What is the EIN of DIVERSITY & INNOVATION INSTITUTE INC?
The employer identification number (EIN) of DIVERSITY & INNOVATION INSTITUTE INC is 45-2836061.
Is DIVERSITY & INNOVATION INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to DIVERSITY & INNOVATION INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DIVERSITY & INNOVATION INSTITUTE INC 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 DIVERSITY & INNOVATION INSTITUTE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DIVERSITY & INNOVATION INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DIVERSITY & INNOVATION INSTITUTE INC?
The 990 for the year ended December 31, 2024 names LUIS A PALACIO.
Who are the officers and directors of DIVERSITY & INNOVATION INSTITUTE INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $105,092 (LUIS A PALACIO, EXECUTIVE DI).
How much revenue does DIVERSITY & INNOVATION INSTITUTE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $598,260, expenses of $807,320 and total assets of $552,083 at year end.

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