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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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