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Organizations Innovation Works Inc.

Innovation Works Inc.

Fiscal year ending 2022. Filed on May 12, 2023.

Two Allegheny Center 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 2022 IRS Form 990 filing, Innovation Works Inc., a 501(c)(3) charitable organization, reported compensation for 13 out of 34 total employees. Among the employees shown here, the average compensation is $231,226. The highest compensated employee at Innovation Works Inc. is Mr Richard R Lunak with fiscal year 2022 compensation of $480,101.

Revenue, expenses, and employee compensation

Revenue

$24,072,729

Expenses

$10,978,543

Employee compensation

$5,153,863
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mr Richard R Lunak
President and Chief Executive Officer
$480,101
$431,063 No related comp$49,038
Mr Jim Jen
Vice President and Chief Operating Officer
$304,307
$258,342 No related comp$45,965
Mr Gary Glausser
Vice President, Treasurer and CIO (Thru 6/2021)
$241,056
$215,980 No related comp$25,076
Mr Jeffery McDaniel
Portfolio Executive
$227,323
$190,659 No related comp$36,664
Mr Afshan Khan
Portfolio Executive
$220,479
$168,641 No related comp$51,838
Ms Susan Kijowski
Secretary and Controller
$217,485
$183,016 No related comp$34,469
Ms Terri Glueck
Vice President, Communications and Community Development
$215,698
$178,372 No related comp$37,326
Ms Kelley Benson
Vice President, Human Resources and Inclusion
$215,346
$177,373 No related comp$37,973
Mr Robert Starzynski
Vice President, Business Development
$211,325
$179,066 No related comp$32,259
Mr James Wrubel
Portfolio Executive
$196,988
$170,443 No related comp$26,545
Ms Megan Shaw
Portfolio Executive
$184,377
$166,453 No related comp$17,924
Mr Larry Miller
Portfolio Executive
$157,580
$139,936 No related comp$17,644

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
$176,733

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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