FORM 990 - ORGANIZATION'S MISSION |
INGENUITYNE, INC. WAS FORMED TO INSPIRE YOUNG PEOPLE TO BE SCIENCE AND TECHNOLOGY LEADERS, BY ENGAGING THEM IN EXCITING MENTOR-BASED PROGRAMS THAT BUILD SCIENCE, ENGINEERING AND TECHNOLOGY SKILLS, THAT INSPIRE INNOVATION, AND THAT FOSTER WELL-ROUNDED LIFE CAPABILITIES INCLUDING SELF-CONFIDENCE, COMMUNICATION AND LEADERSHIP. |
FORM 990, PAGE 2, PART III, LINE 4D |
FIRST TECH CHALLENGE (FTC) - LIKE THE FRC PROGRAM, TEAMS IN THE FTC PROGRAM DESIGNED AND BUILT ROBOTS WITH SMALLER KITS AND SIMPLER GAME CHALLENGES. THIS PROGRAM IS READILY ACCESSIBLE TO A BROADER AUDIENCE OF EDUCATORS AND STUDENTS, IN PART BECAUSE OF ITS LOWER COST. THE FTC EXPERIENCE SIMULATES THE EXCITEMENT AS WELL AS THE PRESSURE OF A REAL-LIFE ENGINEERING PROJECT, DEVELOPING NOT ONLY THE STUDENTS' TECHNICAL KNOW HOW, BUT ALSO LEADERSHIP, COOPERATION, ABILITY TO PLAN, PATIENCE AND TEAMWORK. FTC ENRICHES THE PARTICIPATING STUDENTS' ABILITY TO DEAL WITH THE SATISFACTIONS AND DISAPPOINTMENTS OR A REAL ENGINEERING PROJECT. THE FTC EXPERIENCE EXPANDS STUDENTS INTEREST IN SCIENCE, TECHNOLOGY, ENGINEERING, MATH AND INSPIRES MANY TO GO ON TO HIGHER EDUCATION. |
FORM 990, PAGE 6, PART VI, LINE 11B |
EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE 990 FOR REVIEW BEFORE FILING. |
FORM 990, PAGE 6, PART VI, LINE 12C |
ON AN ANNUAL BASIS BOARD MEMBERS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM. ANY BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL NOT BE INVOLVED IN DISCUSSION, VOTE, TRANSACTIONS, OR ARRANGEMENTS PERTAINING TO A CONFLICT OF INTEREST. THE CHAIRPERSON CAN, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON/COMMITTEE TO INVESTIGATE ALTERNATIVES TO PROPOSED ARRANGEMENT/TRANSACTION WITH PERSON/ENTITY WHERE THERE IS NO CONFLICT OF INTEREST. |
FORM 990, PAGE 6, PART VI, LINE 15A |
THE BOARD OF DIRECTORS APPROVES THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR. THE SALARY IS BASED ON THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND THE AVAILABILITY OF FUNDS IN THE CURRENT YEAR BUDGET. |
FORM 990, PAGE 6, PART VI, LINE 15B |
THE BOARD OF DIRECTORS APPROVES THE ANNUAL SALARY OF OFFICERS OR KEY EMPLOYEES. |
FORM 990, PAGE 6, PART VI, LINE 19 |
GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITHIN A REASONABLE AMOUNT OF TIME. |
FORM 990, PART XI, LINE 9 |
NET ASSETS RELEASED FROM RESTRICTION 54,950 NET ASSETS RELEASED FROM RESTRICTION -54,950 |