National Institute of Innovationand Technology Inc logo

National Institute of Innovationand Technology Inc

Public charity · Grantmaker Hanover, MD EIN: 87-1012023 Website

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

Radd Training LLC: $35KRadd Training LLC$35K

The largest 2025 recipient was Radd Training LLC ($35K).

Grant Size Distribution

13 grants across all recorded years

9<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 13 (69%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of the 2025 grant dollars on its one itemized grant.

Cities

San JoseWillistonClevelandEl SegundoFremontKabetogamaLewisvillePhoenixRochesterSanta ClaraSyracuse

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K0 grants2021 0 grants2023 12 grants2024 1 grant2025

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

RecipientPurposeAmount
Radd Training LLC Kabetogama, MN—$35,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrants
2025$397,258$2,581,251$2,564,291$35,0001
2024$311,456$2,361,620$2,961,651$505,00012
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.

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

  1. Updated Form 990 for fiscal year 2024 (received by the IRS July 25, 2025)
  2. 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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More similar funders

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from National Institute of Innovationand Technology Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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