Nonprofit · EIN 92-2862271
INNOVATIVE LEARNING INSTITUTES INC
Tax-exempt · BEVERLY, MA 01915
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $399,358 | $390,429 | $8,929 | $98,411 | $0 | $98,411 |
| December 31, 2023 | 990-EZ | $134,672 | $45,176 | $89,496 | $134,672 | $45,176 | $89,496 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $399,358
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $14,296
- Occupancy
- $695
- Travel
- $14,202
- Program services (functional)
- $114,592
- Management and general (functional)
- $134,832
- Fundraising (functional)
- $141,005
Balance sheet and other
- Total assets, start of year
- $134,672
- Total assets, end of year
- $98,411
- Total liabilities, end of year
- $0
- Net assets, end of year
- $98,411
- Net assets without donor restrictions
- $98,411
- Gross receipts
- $399,358
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2023
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER LAUENSTEIN | PRESIDENT Trustee or director, Officer | 3 | $0 |
| CHRISTINE STODOLSKI | TREASURER Trustee or director, Officer | 3 | $0 |
| KITSHO WANGCHUK | SECRETARY Trustee or director, Officer | 3 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER PINSTO LAUENSTEIN | PRESIDENT | 1 | $0 |
| CHRISTINE STODOLSKI | TREASURER | 1 | $0 |
| KITSHO WANGCHUK | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 19 STONE ST, BEVERLY, MA 01915-5037
- Principal officer (990 for 2024)
- KITSHO WANGCHUK, 19 STONE ST, BEVERLY, MA 01915
- Signed the 990
- KITSHO WANGCHUK, SECRETARY
- Phone
- (197) 822-3317
- Return prepared by
- BRYTEBRIDGE CONSULTING LLC
Mission
TO CREATE AND INCUBATE INNOVATIVE TEAMS AND SOLUTIONS AROUND THE WORLD IN EDUCATION, SOCIAL ENTREPRENEURSHIP, CIVIC ENGAGEMENT, HEALTH, FINANCE, PEACE, TECHNOLOGY, AND GOVERNANCE. WE CURRENTLY PROVIDE CONSULTATION SERVICES TO A VARIETY OF ORGANIZATIONS BASED AROUND EDUCATION FOCUS ON QUALITATIVE AND QUANTITATIVE DATA, CREATE CONTENT FOR CHILDREN IN THE HIMALAYAS, AND COLLABORATE WITH LIKE MINDED STAKEHOLDERS FOR A VARIETY OF PROJECTS.
Program accomplishments
- IN 2024 WE WORKED WITH INDEPENDENT CONTRACTORS ON PROJECTS TO ENHANCE EDUCATION ACTIVITIES BY CREATING CONTENT FOR HIMALAYAN CHILDREN IN THE FORM OF PICTURE BOOKS AND POETRY. ADDITIONALLY, WE WROTE ARTICLES AND THOUGHT PIECES ON EDUCATION. LASTLY, WE EXPLORED THE AREA OF PEACE RESEARCH, WITH A FOCUS ON EDUCATION.Expenses $114,592
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-EZ on file |
IRS record
- EIN
- 92-2862271
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $98,411
- Income (IRS master file)
- $399,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $399,358 | $390,429 | $98,411 | XML |
| 990-EZ | December 2023 | $134,672 | $45,176 | $134,672 | XML |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about INNOVATIVE LEARNING INSTITUTES INC
- What is the EIN of INNOVATIVE LEARNING INSTITUTES INC?
- The employer identification number (EIN) of INNOVATIVE LEARNING INSTITUTES INC is 92-2862271.
- Is INNOVATIVE LEARNING INSTITUTES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to INNOVATIVE LEARNING INSTITUTES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATIVE LEARNING INSTITUTES 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 INNOVATIVE LEARNING INSTITUTES 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 INNOVATIVE LEARNING INSTITUTES 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 INNOVATIVE LEARNING INSTITUTES INC?
- The 990 for the year ended December 31, 2024 names KITSHO WANGCHUK.
- Who are the officers and directors of INNOVATIVE LEARNING INSTITUTES INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does INNOVATIVE LEARNING INSTITUTES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $399,358, expenses of $390,429 and total assets of $98,411 at year end.
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