Inovo Institute in Ann Arbor, Michigan (MI)
Table of contents:
| Inovo Institute | |
| Employer Identification Number (EIN) | 203817996 |
| Name of Organization | Inovo Institute |
| In Care of Name | Lorenz Schmitt |
| Address | 35 Research Drive, Ann Arbor, MI 48103-2981 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,603 |
| Amount of Income | $50,805 |
| Form 990 Revenue Amount | $50,805 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Research Institutes and/or Public Policy Analysis |
Non-representatives - add comments:
Amount of income in 2013: $50,805 (it was $142,944 in 2011)
| This organization: | $50,805 |
| Other organizations performing similar types of work: | $111,178 |
Assets in 2013: $1,603 (it was $73,655 in 2011)
| Inovo Institute: | $1,603 |
| Other organizations performing similar types of work: | $36,864 |
Expenses in 2013: $81,102
| This organization: | $81,102 |
| Other organizations performing similar types of work: | $105,891 |
Income to expenses ratio in 2013: 0.6
| Inovo Institute: | 0.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Inovo Institute: | 0.0% |
| Other organizations performing similar types of work: | 98.9% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2011 | 2013 | |
|---|---|---|
| Total revenue | $142,944 | $50,805 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 |
| Program service revenue including government fees and contracts | $142,935 | $50,800 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $9 | $5 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $98,348 | $81,102 |
| Total net assets | $73,655 | $1,603 |
| Excess/Deficit for the year | $44,596 | $-30,297 |
| Net assets or fund balances at beginning of year | $29,059 | $31,900 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $1,603 | |
| Balance Sheets | ||
| 2011 | 2013 | |
|---|---|---|
| Total assets | $73,655 | $1,603 |
| Total liabilities | $0 | $0 |
| Net assets or fund balances | $73,655 | $1,603 |
| Other Information | ||
| 2011 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | |
| Were any significant changes made to the organizing or governing documents? | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | |
| Amount of political expenditures, direct or indirect | $0 | |
| Did the organization file Form 1120-POL for this year? | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | |
| Total amount involved | $0 | |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $440,152 |
| Subtotal | $440,152 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $440,152 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $440,206 |
| Public support | $440,152 |
| Subtotal | $54 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $54 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uwm Research Foundation Inc | 1440 E North Ave, Milwaukee, WI 53202-1031 | WI | 2007-11 | $1,353,085 |
| 2 | Association For Financial Counselling & Plg Education Usa | 1940 Duke St Ste 200, Alexandria, VA 22314-3452 | VA | 2009-07 | $943,129 |
| 3 | Institute For Sustainable Infrastructure | 1275 K St Nw Ste 750, Washington, DC 20005-6821 | DC | 2012-03 | $935,184 |
| 4 | Ocpa Impact Inc, Ocpa Ops | 1401 N Lincoln Blvd, Oklahoma City, OK 73104-2801 | OK | 2011-12 | $381,050 |
| 5 | Coalition For Privacy And Free Trade | 555 13th St Nw, Washington, DC 20004-1109 | DC | 2013-09 | $330,000 |
| 6 | Ngage New Mexico | 3880 Foothills Rd Ste A, Las Cruces, NM 88011-4631 | NM | 2010-08 | $321,261 |
| 7 | Progress North Carolina | PO BOX 40487, Raleigh, NC 27629-0487 | NC | 2014-05 | $266,772 |
| 8 | Florida Research Institute For Governmental Studies Inc | PO BOX 56-1868, Miami, FL 33256-1868 | FL | 2011-07 | $255,000 |
| 9 | Pennsylvania Drug Discovery Institute | 3805 Old Easton Road, Doylestown, PA 18902 | PA | 2011-08 | $218,026 |
| 10 | Iowa Innovation Gateway Co Mike Ralston, None | 400 E Court Avenue No 100, Des Moines, IA 50309 | IA | 2012-04 | $187,734 |
| 11 | The Florida Employment And Training Association Inc | 4636 Highway 90 Ste K, Marianna, FL 32446-3508 | FL | 2007-04 | $182,020 |
| 12 | Sacramento Public Policy Forum | 1717 I Street, Sacramento, CA 95814 | CA | 2011-02 | $173,500 |
| 13 | Mileage Based User Fee Alliance, Mbufa | 1050 K St Nw Ste 400, Washington, DC 20001-4448 | DC | 2013-02 | $164,728 |
| 14 | Partnership For The Public Good | 237 Main Street Suite 1200, Buffalo, NY 14203 | NY | 2010-04 | $141,548 |
| 15 | Pacific Northwest Center For Architecture And Design | 1911 1st Ave, Seattle, WA 98101-1010 | WA | 2012-02 | $121,067 |
| 16 | Iowa Food Systems Council | PO BOX 112, Elkhart, IA 50073 | IA | 2011-03 | $119,342 |
| 17 | Academic-Industry Research Network, Theairnet | 12 Newport Rd, Cambridge, MA 02140-1514 | MA | 2011-01 | $111,178 |
| 18 | Maryland Farmers Market Association Inc | 2005 Huntwood Dr, Gambrills, MD 21054-2034 | MD | 2013-10 | $81,170 |
| 19 | Inovo Institute | 35 Research Drive, Ann Arbor, MI 48103-2981 | MI | 2007-02 | $50,805 |
| 20 | Foundation For Prediction Mitigation And Planning | PO BOX 611473, Port Huron, MI 48061-1473 | MI | 2015-01 | $0 |
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| Total | 129 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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