Innovation Foundation Inc
- Assets
- $458.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilton, CT
- Founding
- Data as of
- 12/2021
- EIN
- 85-4306455
Organization Overview
Innovation Foundation Inc is located in Wilton, CT. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RESEARCHES PROGRAMS IN EDUCATION THROUGHOUT THE COUNTRY TO INCREASE THE QUALITY AND QUANTITY OF RESOURCES RELATED TO TECHNOLOGICALLY-ENABLED DISRUPTIVE INNOVATION EDUCATION. THE FOUNDATION ALSO BUILD CURRICULA THAT WILL ALLOW EDUCATION THROUGH THE LENS OF TECHNOLOGICALLY ENABLED INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Amos Director | 40 | $150,300 | |
Caitlin Wood Secretary | 40 | $33,600 | |
Catherine Wood Board Chair | 5 | $0 | |
Kellen Carter Director | 3 | $0 | |
Lisa Dodd Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stephen Masiclat | 12/30/21 | $116,664 |
Mary Zeman | 12/30/21 | $130,000 |
Ramani Dealwis | 12/30/21 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,173,497 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,173,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $183,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,299 |
| Printing and publications | $0 |
| Other expenses | $387,474 |
| Total operating and administrative expenses | $590,046 |
| Contributions, gifts, grants paid | $164,500 |
| Total expenses and disbursements | $754,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,219 |
| Savings and temporary cash investments | $0 |
| 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 | $60,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $78,982 |
| Total assets | $458,201 |
| Accounts payable and accrued expenses | $39,250 |
| 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 | $39,250 |
Grants Awarded
Over the last fiscal year, Innovation Foundation Inc has awarded $164,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NOTRE DAME ACADEMY PURPOSE: TO SUPPORT THE PLANS FOR GROWTH AND EXPANSION OF THE DUDDY INNOVATION CENTER FOR EXCELLENCE (DICE) COURSE OFFERING. IT OFFERS A CHALLENGING EDUCATION FOR YOUNG WOMEN EAGER TO STRETCH THEIR LEARNING BEYOND THE TRADITIONAL ACQUISITION OF KNOWLEDGE WHILE INFLUENCING A NEW WAY OF THINKING AND LEARNING THROUGHOUT THE CAMPUS. | $100,000 |
XYLO ACADEMY PURPOSE: TO PARTNER TOGETHER TO ADVANCE THE COMMON MISSION OF EDUCATION THROUGH THE LENS OF TECHNOLOGICALLY ENABLED INNOVATION. | $64,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovation Foundation Inc has recieved totaling $125,135.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $125,135 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |