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Organizations Innovation Works Inc.

Innovation Works Inc.

Fiscal year ending 2019. Filed on May 27, 2020.

Two Allegheny Center No 100
115
Pittsburgh, Pennsylvania 15212

Innovation Works Inc. (EIN: 25-1588611) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2019 IRS Form 990 filing, Innovation Works Inc., a 501(c)(3) charitable organization, reported compensation for 11 out of 33 total employees. Among the employees shown here, the average compensation is $252,349. The highest compensated employee at Innovation Works Inc. is Mr Richard R Lunak with fiscal year 2019 compensation of $457,987.

Revenue, expenses, and employee compensation

Revenue

$9,154,339

Expenses

$10,232,669

Employee compensation

$4,280,528
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mr Richard R Lunak
President and Chief Executive Officer
$457,987
$410,879 No related comp$47,108
Mr Frank Demmler Thru 618
Secr/Treas, Vice President, Entrepreneurial EXEC TEAM
$292,840
$269,215 No related comp$23,625
Mr Jim Jen
Vice President and Chief Operating Officer
$282,620
$239,801 No related comp$42,819
Mr Gary Glausser
Vice President, Treasurer, and CIO
$276,346
$233,269 No related comp$43,077
Mr Louis Miller Jr
Managing Director of LIFE Sciences
$255,025
$212,890 No related comp$42,135
Mr Jeffery McDaniel
Portfolio Executive
$223,199
$187,522 No related comp$35,677
Ms Terri Glueck
Director, Community Development and Communications
$217,576
$178,423 No related comp$39,153
Mr Chuck Brandt
Vice President, Technology Programs (Thru 6/18)
$208,223
$179,582 No related comp$28,641
Mr Afshan Khan
Portfolio Executive
$203,788
$163,280 No related comp$40,508
Ms Susan Kijowski
Secretary and Controller
$202,221
$166,764 No related comp$35,457
Mr Desmond O'Connor
Portfolio Executive
$156,019
$120,447 No related comp$35,572

Benchmark Employee Compensation

Non-Employee Board Members

Dr Eric Cooper
Board Member (Thru 4/19)
Dr Steven Reis
Board Member
Mr Andrew Moore
Board Member (Thru 12/18)
Mr Jimmy Williams
Board Member (Beginning 1/19)
Mr Joe Ferrara
Board Member (Beginning 2/19)
Mr Juan Garrett
Board Member
Mr Michael Stubler
Board Chair (Thru 12/18)
Mr Rob A Rutenbar
Board Member
Mr Ron Davenport
Board Member
Mr Tom Jones
Board Member (Beginning 2/19)
Ms Catherine Mott
Board Chair (Beginning 1/19)
Ms Donna Myers
Board Member (Beginning 2/19)

Contractors

Buchanan Ingersoll Rooney PC
Legal
$131,007

Mission Statement

SEE SCHEDULE OINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA.

Revisions to this organization profile

May 15, 2024:
2023 Innovation Works Inc. 990 filed
May 12, 2023:
2022 Innovation Works Inc. 990 filed
May 13, 2022:
2021 Innovation Works Inc. 990 filed

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