NonprofitsInnovation Dupage

Human Services

Innovation Dupage

GLEN ELLYN, IL

Total revenue

$721K

Total expenses

$607K

Net assets

$168K

Grants received

$148K

6 grants

EIN

831137271

Tax year

2023

Mission

Innovation dupage is made possible by a network of academic, governmental, and business partners. We share resources, talent, and ideas as we support our growing community of local entrepreneurs and startups through education, incubation, acceleration, and collaboration

Programs

2 programs

Innovation dupage offers a 10-week program twice per year, titled "owner to ceo." this program is offered to owners of small businesses with revenues in the $200,000 to $2 million range in order to help augment their skills in a number of areas in order to be more effective in the management of their businesses. The program saw a dozen or so instructors/experts teach classes in areas such as finance, marketing, human resources, information technology, and sales. The expense amount included here represents the cost incurred to run this program.

Expenses: $32K

Part of the mission of innovation dupage is to foster entrepreneurship interest among college and high school students. To that end, pitch competitions are sponsored wherein aspiring entrepreneurs present their business ideas to a panel of independent judges with successful entrepreneurial backgrounds. Prizes are awarded to encourage these contestants to continue to pursue their endeavors. Innovation dupage contributed $12,000 toward such prize monies in fiscal 2024.

Expenses: $12K

Financials

FY 2023

Revenue

Contributions & grants$526K
Program service revenue$192K
Investment income$3K
Other revenue
Total revenue$721K

Expenses

Grants paid
Salaries & benefits$376K
Fundraising$82K
Other expenses$231K
Total expenses$607K
Total assets$228K
Net assets$168K

People

9 listed

NameRoleCompensation

DAN FACCHINI

MANAGING DIRECTOR

Board

$117K

40 hrs/wk

DAVID VIRGILIO

TREASURER

Board

5 hrs/wk

JAKE MICKLEY

SECRETARY

Board

1 hrs/wk

DR BOB CLARK

DIRECTOR

Board

1 hrs/wk

JOSEPH CASSIDY

PRESIDENT

Board

7 hrs/wk

WALTER JOHNSON

DIRECTOR

Board

1 hrs/wk

GAUTAM WADHWA

DIRECTOR

Board

1 hrs/wk

JANICE KAUSHAL

DIRECTOR BEGINNING OCTOBER 2023

Board

1 hrs/wk

MEREDITH HANNAH

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$25K
EDUCATIONAL/LITERACY
2024
$35K
PROGRAM/OPERATING SUPPORT
2023
$20K
EDUCATIONAL/LITERACY
2023
$25K
PROGRAM/OPERATING SUPPORT
2022
$18K
EDUCATIONAL/LITERACY
2022

Funded by

$148K from 2 funders · 6 grants · 2021–2024

The Bank of America Charitable Foundation Inc

$85K · 3 grants · 2021–2023

The Dupage Community Foundation

$63K · 3 grants · 2022–2024

Details

EIN831137271
NTEE codeP20
Subsection03
Ruling date2019-05
Formed2018
Employees25
Volunteers9
INNOVATION DUPAGE — Mission, Financials & Grants Received | Grantivo