Nonprofit · EIN 84-2942167
INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY
Tax-exempt · COON RAPIDS, MN 55433
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,079,946 | $1,523,029 | $556,917 | $1,899,794 | $2,315,410 | -$415,616 |
| June 30, 2024 | 990 | $2,353,703 | $1,240,108 | $1,113,595 | $1,621,395 | $1,800,139 | -$178,744 |
| June 30, 2023 | 990 | $1,166,153 | $1,236,052 | -$69,899 | $775,420 | $821,188 | -$45,768 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,604,898
- of which government grants
- $1,604,898
- Program service revenue
- $1,651
- Investment income
- $117
- Other revenue
- $473,280
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,375
- Other salaries and wages
- $297,891
- Salaries, compensation and benefits (total)
- $510,210
- Professional fundraising fees
- $0
- Accounting fees
- $5,897
- Occupancy
- $18,250
- Travel
- $263,691
- Depreciation
- $59,738
- Program services (functional)
- $1,257,746
- Management and general (functional)
- $265,283
Balance sheet and other
- Total assets, start of year
- $1,621,395
- Total assets, end of year
- $1,899,794
- Total liabilities, end of year
- $2,315,410
- Net assets, end of year
- -$415,616
- Gross receipts
- $2,079,946
- Employees
- 32
- Volunteers
- 5
- Year formed
- 2019
- State of legal domicile
- MN
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 |
|---|---|---|---|---|
| OMOTOKE OLATOYE | EXECUTIVE DIRECTOR Officer | 40 | $91,013 | $22,705 |
| FREDERICK KECHIA | BOARD CHAIR / TEACHER Trustee or director, Officer | 40 | $13,333 | $1,167 |
| SHUKRI AHMED | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KHALID ANSARI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADEBIMPE DIJI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YIEN DOUTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OMOTOKE OLATOYE | EXECUTIVE DIRECTOR Officer | 40 | $90,000 | $28,209 |
| ABDINASSER AHMED | SECRETARY Trustee or director, Officer | 42 | $30,371 | $4,932 |
| SADIA RANI | DIRECTOR/TEACHER Trustee or director | 40 | $22,144 | $3,485 |
| ELIZABETH JINGWA | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MIRANDA ADIO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LAMYA SADIQ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADEBIMPE DIJI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KHALID ANSARI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YIEN DOUTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MUHAMMAD RASHEED | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHUKRI AHMED | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OMOTOKE OLATOYE | EXECUTIVE DIRECTOR Officer | 40 | $80,580 | $15,044 |
| ABDINASSER AHMED | SECRETARY Trustee or director, Officer | 42 | $50,000 | $4,116 |
| MIRANDA ADIO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ELIZABETH JINGWA | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LAMYA SADIQ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADEBIMPE DIJI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KHALID ANSARI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YIEN DOUTH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MUHAMMAD RASHEED | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHUKRI AHMED | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3397 COON RAPIDS BLVD, COON RAPIDS, MN 55433-4578
- In care of
- % OMOTOKE OLATOYE
- Principal officer (990 for 2024)
- DR OMOTOKE OLATOYE, 3397 COON RAPIDS BLVD, COON RAPIDS, MN 55433
- Signed the 990
- DR OMOTOKE OLATOYE, EXECUTIVE DIRECTOR
- Phone
- (763) 339-0642
- Website
- WWW.INNOVATIONSTA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
INNOVATION SCIENCE AND TECHNOLOGY ACADEMY CHARTER SCHOOL WILL DEVELOP TALENTED STUDENT INNOVATORS USING A CUTTING-EDGE CURRICULUM WITH THE COLLABORATIVE SUPPORT OF STAFF, PARENTS, AND COMMUNITY. THE COLLABORATIVE CULTURE AND HEALTHY SCHOOL CLIMATE WILL FOSTER PERSONALIZED LEARNING, AND IGNITE THE POWER OF IMAGINATION AND CREATIVITY IN OUR STUDENTS, WHO WILL GROW TO BE CRITICAL THINKERS, PROBLEM SOLVERS, AND AGENTS OF CHANGE.
Program accomplishments
- INNOVATION SCIENCE AND TECHNOLOGY ACADEMY CHARTER SCHOOL, A STEM-FOCUSED, HIGH-QUALITY CHARTER SCHOOL, IS HIGHLY COMMITTED TO DEVELOPING GLOBALLY CONSCIOUS STUDENT INNOVATORS IN A SMALL CLASS SIZE SETTING USING A RIGOROUS AND AN INNOVATIVE PERSONALIZED LEARNING CURRICULUM WITH THE COLLABORATIVE SUPPORT OF OUR PARENTS AND COMMUNITY.INNOVATION ACADEMY IS HIGHLY COMMITTED TO HELPING OUR SCHOLARS DEVELOP THE HABITS OF SUCCESS, CRITICAL THINKING SKILLS, PROBLEM SOLVING SKILLS, AND A SENSE OF IMAGINATION NEEDED TO THRIVE IN THE 21ST CENTURY AND BEYOND.Expenses $1,257,746 · revenue $1,651
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
- 84-2942167
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $1,899,794
- Income (IRS master file)
- $2,079,946
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,079,946 | $1,523,029 | $1,899,794 | XML |
| 990 | June 2024 | $2,353,703 | $1,240,108 | $1,621,395 | XML |
| 990 | June 2023 | $1,166,153 | $1,236,052 | $775,420 | XML |
| 990 | June 2022 | $1,194,518 | $1,118,501 | $770,109 | IRS |
| 990 | June 2021 | – | – | – | IRS |
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 84-2942167).
Questions about INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY
- What is the EIN of INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY?
- The employer identification number (EIN) of INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY is 84-2942167.
- Is INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY 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 INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY 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 INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY 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 INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY?
- The 990 for the year ended June 30, 2025 names DR OMOTOKE OLATOYE.
- Who are the officers and directors of INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $91,013 (OMOTOKE OLATOYE, EXECUTIVE DIRECTOR).
- How much revenue does INNOVATION SCIENCE AND TECHNOLOGYY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,079,946, expenses of $1,523,029 and total assets of $1,899,794 at year end.
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