INNOVATION WORKS INC INNOVATION 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.
Annual Revenue
$10,494,003
Known Funders
8
Grants Received
14
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2022 | $15,798,085 | $15,866,669 | $49,208,659 |
| 2021 | $24,072,729 | $10,978,543 | $48,998,670 |
| 2020 | $14,661,317 | $10,207,940 | $37,710,828 |
| 2019 | $8,003,735 | $10,531,596 | $31,593,952 |
| 2018 | $9,154,339 | $10,232,669 | $34,547,924 |
| 2017 | $17,409,236 | $12,471,434 | $35,705,589 |
| 2016 | $14,141,080 | $10,758,984 | $29,291,913 |
| 2015 | $12,871,126 | $9,739,112 | $26,716,824 |
Top Funders
PITTSBURGH, PA
PITTSBURGH, PA
LIGONIER, PA
LIGONIER, PA
PITTSBURGH, PA
PITTSBURGH, PA
PITTSBURGH, PA
BALTIMORE, MD
CANONSBURG, PA
PITTSBURGH, PA
Key Personnel
From 2022 IRS 990 filing
MR RICHARD R LUNAK
PRESIDENT & CEO (THRU 9/22)
MR VEN RAJU
PRESIDENT & CEO (AS OF 10/22)
MR JIM JEN
VP & COO (THRU 2/23)
MR KIRK BOTULA
VP & CSOO (AS OF 3/23)
MR ROBERT STARZYNSKI
VP OF BUSINESS DEVELOPMENT, TREASURER
MS MEGAN SHAW
PORTFOLIO EXECUTIVE (THRU 4/23)
MR JEFFERY MCDANIEL
PORTFOLIO EXECUTIVE
MS TERRI GLUECK
VP, COMMUNICATIONS & COMMU
MS KELLEY BENSON
VP HUMAN RESOURCES & INCLU
MR AFSHAN KHAN
PORTFOLIO EXECUTIVE
Showing 10 of 24 key personnel.
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