Applied Innovation Foundation
- Assets
- $6.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 07/2016
- Data as of
- 12/2019
- EIN
- 81-2977532
Organization Overview
Applied Innovation Foundation is located in Los Altos, CA. The organization was established in 2016. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Applied Innovation Foundation 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 12/2019, Applied Innovation Foundation generated $36.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.7% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
THE APPLIED INNOVATION FOUNDATION'S GOAL IS TO SET UP TRAINING AND EDUCATIONAL CLASSES FOR INNOVATION CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Adelman Executive Dir. | 10 | $0 | |
Ira Szot Director | 1 | $0 | |
David Smith Chairman | 1 | $0 | |
Joanne Horning Director | 2 | $0 | |
Ken Singer Chairman | 1 | $0 | |
Ikhlaq Sidhu Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,990 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,990 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $36,560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $106 |
| Other expenses | $3,509 |
| Total expenses | $42,860 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,854 |
| Other assets | $0 |
| Total assets | $6,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,854 |