INNOVATIVE TOOL, INC. is a South Dakota corporation, registered on May 26, 1999. The company has since been marked inactive on the South Dakota register, is registered under company number DB041471 and carries EIN 320096618. Public records for the company include 1 SoS registration, 5 federal contracts, 6 loan records and 17 Form 5500 filings. Every fact here is republished from an official public register and traces back to a primary source document.
| Legal entity name | INNOVATIVE TOOL, INC. |
|---|---|
| Registration state | South Dakota |
| Status | Inactive |
| Registered | 26 May 1999 (over 27 years ago) |
| Entity type | Corporation |
| Standing | not compliant |
| Company number | DB041471 |
| EIN | 320096618 |
| Employees (modeled) | ≈27 employees2025 |
| Registered agent | MICHAEL PAUL FELTMAN |
| Source registry | South Dakota Secretary of State · updated 15 June 2026 |
| Public records | 1 SoS registration |
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| Est. revenue (modeled) | $10.5M2025 |
|---|---|
| Federal contracts | $19K · 3 awards |
| SBA loans | $1.5M · approved amounts |
| Total obligated | $19K |
|---|---|
| Awards | 3 |
| Top agency | Department of Defense |
| Action date | Agency | Obligated | |
|---|---|---|---|
| 2015-02-23 | Department of Defense | $0 | |
| 2012-01-04 | Department of Defense | $0 | |
| 2011-07-07 | Department of Defense | $19K | |
| State | Business name | Filed | Registered agent | Officers | Status | |
|---|---|---|---|---|---|---|
| South DakotaTHIS | INNOVATIVE TOOL, INC. | 1999-05-26 | MICHAEL PAUL FELTMAN | — | Inactive | |
Filing ID DB041471 Jurisdiction Domestic · Corporation Principal address — Registered agent MICHAEL PAUL FELTMAN5101 EAST 22ND ST, SIOUX FALLS, SD, 57110-3018 Officers Not reported | ||||||
Companies and people linked to INNOVATIVE TOOL, INC. in the state registers through shared officers, a shared registered agent, shared filing contacts or a shared address. Service companies file for many unrelated businesses — a shared agent, address or contact alone does not prove affiliation.
company person group former role
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| Amount | Approved | Lender | Jobs | Status | |
|---|---|---|---|---|---|
| $142,000 | 2011-03-17 | — | — | PIF | |
| $150,000 | 2004-10-14 | The Huntington National Bank | — | P I F | |
| $222,000 | 2000-06-02 | The First National Bank in Sioux Falls | — | P I F | |
| $116,000 | 1997-01-14 | Wells Fargo Bank National Association | — | P I F | |
| $449,400 | 04/07/2020 | The Huntington National Bank | 29 | Paid in Full | |
| $449,400 | 01/23/2021 | The Huntington National Bank | 28 | Paid in Full | |
Employee-benefit plan filings by INNOVATIVE TOOL, INC. with the Department of Labor. Employee and revenue figures are modeled estimates derived from retirement-plan participant counts and industry ratios — not official headcount or reported revenue.
| Employees (modeled) | ≈27 · plan year 2025 |
|---|---|
| Est. annual revenue (modeled) | $10.5M |
| Retirement plan assets | $2.8M |
| Benefit plans | 401(k) plan on file |
| Filing history | 21 plan years filed, 2005–2025 |
| Sponsor EIN | 32-0096618 |
| Plan year | Employees (est.) | Participants | Plan assets | Revenue (est.) | 401(k) | |
|---|---|---|---|---|---|---|
| 2025 | ≈27 | 34 (24 active) | $2.8M | $10.5M | 401(k) | |
| 2024 | ≈27 | 32 (24 active) | $2.4M | $10.1M | 401(k) | |
| 2023 | ≈26 | 32 (23 active) | $1.9M | $10M | 401(k) | |
| 2022 | ≈22 | 26 (20 active) | $1.5M | $8.7M | 401(k) | |
| 2021 | ≈27 | 31 (24 active) | $1.7M | $9.1M | 401(k) | |
| 2020 | ≈28 | 28 (25 active) | $1.4M | $8.5M | 401(k) | |
| 2019 | ≈19 | 21 (17 active) | $945,680 | $6.9M | 401(k) | |
| 2018 | ≈12 | 16 (11 active) | $1M | $5M | 401(k) | |
| 2017 | ≈17 | 22 (15 active) | $1M | $6.4M | 401(k) | |
| 2016 | ≈13 | 17 (12 active) | $885,620 | $6M | 401(k) | |
Matched Form 5500 filing records:
| Plan | Plan year | Participants | EIN | |
|---|---|---|---|---|
| INNOVATIVE TOOL, INC. 401K & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401K & PROFIT SHARING PLAN | — | — | — | |
| INNOVATIVE TOOL, INC. 401(K) & PROFIT SHARING PLAN | — | — | — | |
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Companies adjacent to INNOVATIVE TOOL, INC. in the South Dakota Secretary of State register, in alphabetical order.
Netstate aggregates public records from federal, state and municipal sources; records are matched to this company by its registered legal names. Latest source snapshot 2026-06-17. Document getpalm-companies/8673-5450-0287.