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.
INNOVATION WORKS INC has received 14 grants from 8 known foundation funders. Revenue increased from $13,218,069 in 2023 to $14,610,000 in 2024. Most recent reported revenue: $14,610,000.
Annual Revenue
$14,610,000
Known Funders
8
Grants Received
14
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $14,610,000 | $18,491,678 | $45,646,740 |
| 2023 | $13,218,069 | $16,611,674 | $45,772,445 |
| 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 |
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 2024 IRS 990 filing
MR RICHARD R LUNAK
FORMER PRESIDENT & CEO
MR KEVIN DOWLING
PORTFOLIO EXECUTIVE
MS DEBORAH WALKER
SR. LEGAL COUNSEL
MR AARON TAINTER
DIRECTOR OF ACCELERATOR PROGRAMS
MR JEFFERY MCDANIEL
PORTFOLIO EXECUTIVE
MS AFSHAN KHAN
PORTFOLIO EXECUTIVE
MR ROBERT STARZYNSKI
VP BUSINESS DEV. & TREASURER
MS KELLEY BENSON
VP HR & INCLUSION
MS KELLI MCMURRAY
SECRETARY & CONTROLLER
MR KIRK BOTULA
VP & CSOO
Showing 10 of 22 key personnel.
Frequently Asked Questions
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