National Institute of Innovationand Technology Inc
IDENTIFY ROADBLOCKS TO INNOVATION IN STRATEGIC INDUSTRY SECTORS AND ENSURE THEY ARE ELIMINATED
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$311K
-62.7% YoY
Annual Giving
$505K
Grant Count
12
Avg Grant Size
$42K
About National Institute of Innovationand Technology Inc
Based on IRS filings
National Institute of Innovationand Technology Inc is a nonprofit organization focused on Science & Technology, based in HANOVER, MD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $311K in total assets. In 2024, it awarded 12 grants totaling $505K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $311,456 | $834,852 | $338,205 |
| Revenue | $2,361,620 | $3,480,247 | $443,557 |
| Expenses | $2,961,651 | $3,155,150 | $383,239 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wand Newco 3 Inc ($100,000), Institute for American Apprecticesh ($100,000), Macny Callahan Mangement Training C ($71,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MACNY CALLAHAN MANGEMENT TRAINING C SYRACUSE, NY | — | $71,500 |
| APPLIED MATERIALS INC SANTA CLARA, CA | — | $35,000 |
| WAND NEWCO 3 INC LEWISVILLE, TX | — | $100,000 |
| ENABLENCE USA COMPONENTS INC FREMONT, CA | — | $20,500 |
| INFINERA CORPORATION SAN JOSE, CA | — | $22,000 |
| MANUFACTURING WORKS CLEVELAND, OH | — | $50,000 |
| THE ROCHESTER TECHMFG ASSOC ROCHESTER, NY | — | $6,000 |
| TSMC ARIZONA CORP PHOENIX, AZ | — | $30,000 |
| VERMONT HITEC INC WILLISTON, VT | — | $26,000 |
| WESTERN DIGITAL TECHNOLOGIES INC SAN JOSE, CA | — | $22,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL RUSSO | PRESIDENT | 40 | — |
| MELINDA WOODS | BOARD MEMBER | — | — |
| CHARLES WESSNER | BOARD MEMBER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is National Institute of Innovationand Technology Inc?
National Institute of Innovationand Technology Inc is a nonprofit organization focused on Science & Technology, based in HANOVER, MD. It holds $311K in total assets as of 2024.
How large is National Institute of Innovationand Technology Inc?
As of 2024, National Institute of Innovationand Technology Inc holds $311K in total assets with $2.4M in annual revenue. It awarded 12 grants totaling $505K in 2024.
Where does National Institute of Innovationand Technology Inc operate?
National Institute of Innovationand Technology Inc has awarded grants in Arizona, California, New York, Ohio, Texas, Vermont.
What size grants does National Institute of Innovationand Technology Inc award?
In 2024, National Institute of Innovationand Technology Inc awarded 12 grants totaling $505K — an average of about $42K per grant, based on its IRS Form 990 filings.
What is National Institute of Innovationand Technology Inc's EIN?
National Institute of Innovationand Technology Inc's EIN (Employer Identification Number) is 87-1012023. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.