Nonprofit · EIN 85-4226575
INNOVATION INSTITUTE FOR TOMORROW INC
Tax-exempt · OIL CITY, PA 16301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $343,362 | $361,619 | -$18,257 | $98,934 | $3,670 | $95,264 |
| December 31, 2023 | 990 | $330,633 | $357,665 | -$27,032 | $117,543 | $3,558 | $113,985 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,463
- Program service revenue
- $220,777
- Investment income
- $22
- Other revenue
- $100
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,000
- Other salaries and wages
- $65,079
- Salaries, compensation and benefits (total)
- $165,639
- Professional fundraising fees
- $0
- Legal fees
- $9,352
- Occupancy
- $8,714
- Travel
- $10,030
- Depreciation
- $20,309
- Program services (functional)
- $308,648
- Management and general (functional)
- $52,927
- Fundraising (functional)
- $44
Balance sheet and other
- Total assets, start of year
- $117,543
- Total assets, end of year
- $98,934
- Total liabilities, end of year
- $3,670
- Net assets, end of year
- $95,264
- Land, buildings and equipment
- $84,350
- Net assets without donor restrictions
- $95,264
- Gross receipts
- $343,362
- Employees
- 10
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- PA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY HEFFERNAN | PRESIDENT/CEO Officer | 40 | $88,000 |
| JILL FOYS | TRUSTEE Trustee or director | 1 | $0 |
| RACHEL BURCIN | TRUSTEE Trustee or director | 1 | $0 |
| ALBERT ABRAMOVIC | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM VONADA | TRUSTEE Trustee or director | 1 | $0 |
| MATTHEW LAVERDE | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES ROSEN | TRUSTEE Trustee or director | 1 | $0 |
| TIMOTHY JAMES | TRUSTEE Trustee or director | 1 | $0 |
| HAYDEN RIGO | TRUSTEE Trustee or director | 1 | $0 |
| SARAH PISTELLA | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY HEFFERNAN | PRESIDENT/CEO Officer | 40 | $91,000 |
| JILL FOYS | TRUSTEE Trustee or director | 1 | $0 |
| RACHEL BURCIN | TRUSTEE Trustee or director | 1 | $0 |
| ALBERT ABRAMOVIC | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM VONADA | TRUSTEE Trustee or director | 1 | $0 |
| MATTHEW LAVERDE | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES ROSEN | TRUSTEE Trustee or director | 1 | $0 |
| JUDD PITTMAN | TRUSTEE Trustee or director | 1 | $0 |
| HAYDEN RIGO | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 594 UPPER SAGE RUN RD, OIL CITY, PA 16301-3948
- In care of
- % TIMOTHY M HEFFERNAN
- Mailing address (990-N for 2020)
- 594 UPPER SAGE RUN ROAD, OIL CITY PA 16301
- Principal officer (990 for 2024)
- TIM HEFFERNAN, 594 UPPER SAGE RUN ROAD, OIL CITY, PA 16301
- Principal officer (990-N for 2020)
- TIM HEFFERNAN, 594 UPPER SAGE RUN ROAD, OIL CITY PA 16301
- Signed the 990
- TIM HEFFERNAN, PRESIDENT/CEO
- Phone
- (814) 673-5072
- Website
- WWW.PARURALROBOTICS.COM
- Return prepared by
- MCGILL POWER BELL & ASSOC LLP
Mission
THE INNOVATION INSTITUTE FOR TOMORROW PROVIDES SUSTAINABLE, WORLD-CLASS STEM EDUCATION OPPORTUNITIES TO EVERY CHILD TO PERPARE THEM FOR 21ST CENTURY CAREERS. WITH A FOCUS ON EQUITY & ACCESS, THE INSTITUTE STRIVES TO TURN THE RUST BELT TO THE SMART BELT THROUGH ROBOTICS, AI & COMPUTER SCIENCE. THE INNOVATION INSTITUTE'S NETWORK OF PARTNERSHIPS IS COMPOSED OF K-12 SCHOOLS, COLLEGES & UNIVERSITIES, BUSINESS & INDUSTRY, GOVERNMENT, NONPROFITS, EDUCATIONAL ROBOTICS COMPANIES, WORKFORCE & ECONOMIC DEVELOPMENT AGENCIES.
Program accomplishments
- ROBOTICS EDUCATION & COMPETITION (REC) AERIAL DRONE COMPETITION (RADC) - AS A PARTNERSHIP WITH FOR THE WIN (FTW) ROBOTICS & THE AERIAL DRONE COMPETITION (RAD), RADC DRONE COMPETITIONS ARE USED TO EDUCATE & EXCITE THE NEXT GENERATION OF AEROSPACE ENGINEERS & PILOTS.VEX ROBOTICS - VEX ROBOTICS IS AN EDUCATIONAL ROBOTICS DEVELOPER THAT AIMS TO CREATE HANDS-ON STEM LEARNING EXPERIENCES FOR STUDENTS. THIS PLATFORM HAS BOTH A CIRRICULAR & COMPETITVE COMPONENT. AGRICULTURE WORKFORCE EDUCATION PROGRAM - THE INSTITUTE WORKS WITH FTW ROBOTICS TO CREATE AN AGRICULTURE & WORKFORCE EDUCATION PROJECT THAT NOT ONLY PROMOTES STEM EDUCATION IN SCHOOLS, BUT WILL ALSO HELP FARMERS IN RURAL PA.EDUCATOR & PROFESSIONAL DEVELOPMENT (PD)CREATING & PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TRAIN & EMPOWER TEACHERS. THESE ACTIVITIES ARE CONDUCTED BY THE INSTITUTE'S STAFF AND BY THE EFFORTS OF POSTSECONDARY & INDUSTRY PARTNERS. THESE ACTIVIES INCLUDE THE FOLLOWING PROGRAMS: THE ROBOT DOCTOR - AN EIGHT-PART MINISERIES CREATED BY PUBLIC BROADCASTING SERVICE (PBS) AFFILIATE WQED, CARNEGIE MELLON UNIVERSITY (DR. MAX LICKACHEV & ROBOTWITS & THE INSTITUTE (PENNSYLVANIA (PA) RURAL ROBOTICS PROJECT).CSINPA BUILD/FLY/CODE - DEVLEOPED FOR PA GOVERNOR TOM WOLF'S PASMART INITIATIVE, IN PARTNERSHIP WITH PA TRAINING & TECHNICAL ASSISTANCE NETWORK (PATTAN), PARTICIPANTS BUILD DRONES FROM THE GROUND UP, EARN THEIR PILOT WINGS THROUGH THE SCIENCE OF FLIGHT, & UTILIZE BLOCK-BASED CODING TO MANIPULATE THE DRONE'S FLIGHT. PARTICIPANTS DEVELOP THEIR COMPUTER SCIENCE (CS) KNOWLEDGE & SKILLS, DESIGN & IMPLEMENT CS LEARNING EXPERIENCES WITH DONES IN THEIR CLASSES, & EXPLORE WAYS TO EXPAN CS OPPORT. PARTICIPANTS ARE GIVEN ACCESS TO DRONE CLASS-PACKS, WHICH ALLOW FOR 1:1 STUDENT ENGAGEMENT.AMBASSADORS SERVE AS LEADERS OF THEIR LOCAL EDUCATION AGENCY (LEA) TEAM & AS PEER MENTORS FOR ALL PROGRAM PARTICIPANTS. DRAWING ON THEIR OWN EFFORTS & EXPERIENCE WITH THE BUILD/FLY/CODE CURRICULUM, AMBASSADORS OFFER INSIGHT, ENCOURAGEMENT, & ASSISTANCE.EACH PART OF THE CURRICULUM IS MULTI-MODEL & CAN BE TAUGHT THROUGH IN-CLASS INSTRUCTION & REMOTE/DISTANCE LEARNING. THE CURRICULUM IS ALSO ALIGNED WITH PERTINENT STANDARDS, UNIVERSALLY DESIGNED & CULTURALLY RELEVANT.Expenses $308,648 · revenue $220,777
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4226575
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $98,934
- Income (IRS master file)
- $343,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $343,362 | $361,619 | $98,934 | XML |
| 990 | December 2023 | $330,633 | $357,665 | $117,543 | XML |
| 990 | December 2022 | $378,688 | $243,514 | $144,030 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: TIM HEFFERNAN | December 31, 2020 | ≤ $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 85-4226575).
Questions about INNOVATION INSTITUTE FOR TOMORROW INC
- What is the EIN of INNOVATION INSTITUTE FOR TOMORROW INC?
- The employer identification number (EIN) of INNOVATION INSTITUTE FOR TOMORROW INC is 85-4226575.
- Is INNOVATION INSTITUTE FOR TOMORROW INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to INNOVATION INSTITUTE FOR TOMORROW INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION INSTITUTE FOR TOMORROW 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 INNOVATION INSTITUTE FOR TOMORROW 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 INNOVATION INSTITUTE FOR TOMORROW 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 INNOVATION INSTITUTE FOR TOMORROW INC?
- The 990 for the year ended December 31, 2024 names TIM HEFFERNAN.
- Who are the officers and directors of INNOVATION INSTITUTE FOR TOMORROW INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $88,000 (TIMOTHY HEFFERNAN, PRESIDENT/CEO).
- How much revenue does INNOVATION INSTITUTE FOR TOMORROW INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $343,362, expenses of $361,619 and total assets of $98,934 at year end.
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