Mission
IDENTIFY ROADBLOCKS TO INNOVATION IN STRATEGIC INDUSTRY SECTORS AND ENSURE THEY ARE ELIMINATED
Public Charity
NATIONAL INSTITUTE OF INNOVATIONAND TECHNOLOGY INC
NATIONAL INSTITUTE OF INNOVATIONAND TECHNOLOGY INC is a private foundation categorized as Public Charity based in HANOVER, MD. Its most recent IRS filing (2025) reports revenue of $2.6M, expenses of $2.6M, total assets of $397K. Imperigo tracks 13 reported grants from this foundation totaling approximately $540K.
EIN: 871012023
HANOVER, MD
Research Institutes & Public Policy Analysis
NTEE: U05
Latest filing: 2025
Total Revenue$2.6M
Total Expenses$2.6M
Total Assets$397K
Grants Given13
Grant Total$540K
Filing Years2021–2025
Where $100 goes at National Institute of Innovationand Technology Inc
How National Institute of Innovationand Technology Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.
$96
Programs
the work itself
$4
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $96 for programs
$96
Identified roadblocks to innovation in strategic industry sectors and worked to eliminate these roadblocks
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
RADD TRAINING LLC
$35,000
WAND NEWCO 3 INC
$100,000
$100,000
$50,000
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Charles Wessner
BOARD MEMBER
Melinda Woods
PRESIDENT
Michael Russo
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.6M | $2.6M | $397K |
| 2024 | $2.4M | $3.0M | $311K |
| 2023 | $3.5M | $3.2M | $835K |
| 2021 | $444K | $383K | $338K |
Between 2021 and 2025, reported annual revenue grew from $444K to $2.6M (+482%), with total assets most recently reported at $397K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in AZ, CA, MN, NY, OH, TX, and 1 other state.
AZCAMNNYOHTXVT
Full geographic grant map with state-by-state breakdown available with membership.