Fund For Innovation And Public Service
- Assets
- $7.4m
- Revenue
- $507.7k
- Investments
- $3.5m
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 13-3384072
Organization Overview
Fund For Innovation And Public Service is located in Arlington, VA. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Innovation And Public Service is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fund For Innovation And Public Service generated $507.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $476.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fund For Innovation And Public Service has awarded 191 individual grants totaling $3,156,197. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Drayton President/treasurer | 1 | $0 | |
David C Oxman Officer | 1 | $0 | |
Ann Simon Hadley Director | 1 | $0 | |
Steven Hadley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,255 |
| Interest on Savings | $31,408 |
| Dividends & Interest | $32,467 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $328,541 |
| Capital Gain Net Income | $328,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $507,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $800 |
| Total operating and administrative expenses | $12,466 |
| Contributions, gifts, grants paid | $463,652 |
| Total expenses and disbursements | $476,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $3,890,765 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,409,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fund For Innovation And Public Service has awarded $463,652 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ASHOKA PURPOSE: GENERAL SUPPORT | $376,302 |
BLACK ROCK FOREST PURPOSE: GENERAL SUPPORT | $500 |
CENTER FOR INSPIRED TEACHING PURPOSE: GENERAL SUPPORT | $100 |
COMMONWEALTH PURPOSE: GENERAL SUPPORT | $500 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: GENERAL SUPPORT | $50 |
DEMOCRACY 21 PURPOSE: GENERAL SUPPORT | $350 |