National Institute of Innovationand Technology Inc
Identify roadblocks to innovation in strategic industry sectors and ensure they are eliminated
National Institute of Innovationand Technology Inc at a glance
In short: National Institute of Innovationand Technology Inc gave $35K across 1 grant in 2025 (avg $35K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $35,000
- -93.1% vs 2024
- Grants made (2025)
- 1
- -91.7% vs 2024
- Average grant
- $35,000
- -16.8% vs 2024
- Median grant
- $35,000
- Total assets
- $397,258
- +27.5% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who National Institute of Innovationand Technology Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Radd Training LLC ($35K).
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 9 grants of 13 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $35K (2025) to $505K (2024). In 2025 it made 1 grant totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Radd Training LLC Kabetogama, MN | — | $35,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $397,258 | $2,581,251 | $2,564,291 | $35,000 | 1 |
| 2024 | $311,456 | $2,361,620 | $2,961,651 | $505,000 | 12 |
| 2023 | $834,852 | $3,480,247 | $3,155,150 | — | — |
| 2021 | $338,205 | $443,557 | $383,239 | — | — |
About National Institute of Innovationand Technology Inc
Based on IRS filings
National Institute of Innovationand Technology Inc is a public charity focused on Science & Technology, based in Hanover, MD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $397K in total assets. In 2025, it awarded 1 grant totaling $35K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
National Institute of Innovationand Technology Inc is led by Michael Russo, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Russo
President
On filings since 2021
40 hrs/week
No compensation reported
Charles Wessner
Board Member
On filings since 2021
No compensation reported
Melinda Woods
Board Member
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about National Institute of Innovationand Technology Inc
How much does National Institute of Innovationand Technology Inc give each year?
National Institute of Innovationand Technology Inc gave $35K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $505K across 12 grants.
How large is National Institute of Innovationand Technology Inc?
National Institute of Innovationand Technology Inc reported $397K in total assets on its 2025 IRS Form 990. Its revenue that year was $2.6M.
What is National Institute of Innovationand Technology Inc?
National Institute of Innovationand Technology Inc is a public charity focused on Science & Technology, based in Hanover, MD. It holds $397K in total assets as of 2025.
Where does National Institute of Innovationand Technology Inc operate?
National Institute of Innovationand Technology Inc has awarded grants in Arizona, California, Minnesota, New York, Ohio, Texas, Vermont.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS July 25, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 15, 2026)
Live grants for the work National Institute of Innovationand Technology Inc funds
Science & Technology Open opportunities, soonest deadline first.
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National Institute of Innovationand Technology Inc down — hundreds of funders to go?