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Filing year 2023

INNOVATION WORKS INC

Pittsburgh, Pennsylvania·EIN 25-1588611·3
Total revenue
$13.2M
Total assets
$45.8M
Total expenses
$16.6M
Reported officers
23
Mission

SEE SCHEDULE OINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA.

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2023

$576k
$643k
Base
$396k
Bonus
$128k
Other
Benefits
$12k
Former VP & COO
former officer/director/trustee
$344k
$384k
Base
$259k
Bonus
$62k
Other
$110
Benefits
$15k
VP & Csoo
vice president
$299k
$334k
Base
$225k
Bonus
$29k
Other
Benefits
$18k
VP Business Dev. & Treasurer
vice president
$272k
$304k
Base
$181k
Bonus
$50k
Other
$606
Benefits
$19k
VP HR & Inclusion
vice president
$257k
$287k
Base
$170k
Bonus
$47k
Other
$572
Benefits
$19k
Portfolio Executive
highest compensated employee
$252k
$282k
Base
$172k
Bonus
$35k
Other
Benefits
$23k
Former President & CEO
former officer/director/trustee
$246k
$275k
Base
$167k
Bonus
$52k
Other
Benefits
$25k
VP of Communication & Community Dev.
vice president
$244k
$272k
Base
$164k
Bonus
$42k
Other
$551
Benefits
$18k
Portfolio Executive
highest compensated employee
$237k
$265k
Base
$158k
Bonus
$32k
Other
$536
Benefits
$27k
Sr. Legal Counsel
highest compensated employee
$208k
$232k
Base
$158k
Bonus
$31k
Other
$501
Benefits
$332
Director of Accelerator Programs
highest compensated employee
$187k
$208k
Base
$144k
Bonus
$26k
Other
Benefits
$329
Secretary & Controller
secretary (operational)
$177k
$197k
Base
$123k
Bonus
$34k
Other
$459
Benefits
$5k
Portfolio Executive
highest compensated employee
$163k
$182k
Base
$129k
Bonus
$19k
Other
$413
Benefits
$430

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 2%
from 2022

From $566k in 2022 to $576k in 2023.

$566k
2022
$576k
2023
In today's dollarsEst.
Down 2% in real terms$654k to $643k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INNOVATION WORKS INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$15.8M
$15.9M
2022
$13.2M
$16.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
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