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Organizations Innovation Works Inc.

Innovation Works Inc.

Fiscal year ending 2021. Filed on May 13, 2022.

Two Allegheny Center No 100
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 2021 IRS Form 990 filing, Innovation Works Inc., a 501(c)(3) charitable organization, reported compensation for 9 out of 32 total employees. Among the employees shown here, the average compensation is $268,695. The highest compensated employee at Innovation Works Inc. is Mr Richard R Lunak with fiscal year 2021 compensation of $478,930.

Revenue, expenses, and employee compensation

Revenue

$14,661,317

Expenses

$10,207,940

Employee compensation

$4,735,457
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mr Richard R Lunak
President and Chief Executive Officer
$478,930
$427,935 No related comp$50,995
Mr Jim Jen
Vice President and Chief Operating Officer
$306,830
$256,520 No related comp$50,310
Mr Gary Glausser
Vice President, Treasurer, and CIO
$293,493
$247,571 No related comp$45,922
Mr Louis Miller Jr
Managing Director of LIFE Sciences
$255,149
$221,235 No related comp$33,914
Mr Jeffery McDaniel
Portfolio Executive
$231,157
$190,715 No related comp$40,442
Ms Terri Glueck
Director, Community Development and Communications
$220,958
$177,677 No related comp$43,281
Mr Robert Starzynski
Business Development Director
$216,796
$181,507 No related comp$35,289
Ms Susan Kijowski
Secretary and Controller
$216,034
$176,942 No related comp$39,092
Mr James Wrubel
Portfolio Executive
$198,910
$179,948 No related comp$18,962

Benchmark Employee Compensation

Non-Employee Board Members

Dr Steven Reis
Board Member
Mr Jimmy Williams
Board Member
Mr Joe Ferrara
Board Member
Mr Juan Garrett
Board Member
Mr Rob A Rutenbar
Board Member
Mr Tom Jones
Board Member
Ms Catherine Mott
Board Chair
Ms Donna Myers
Board Member
Ms Rebecca Doerge
Board Member

Contractors

Buchanan Ingersoll Rooney PC
Legal
$156,447

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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