Council For Innovation Promotion
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 88-2373877
Organization Overview
Council For Innovation Promotion is located in Washington, DC. Council For Innovation Promotion is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL FOR INNOVATION PROMOTION IS A BIPARTISAN COALITION DEDICATED TO PROMOTING STRONG AND EFFECTIVE INTELLECTUAL PROPERTY RIGHTS THAT DRIVE INNOVATION, BOOST ECONOMIC COMPETITIVENESS, AND IMPROVE LIVES ELSEWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNCIL FOR INNOVATION PROMOTION ("C4IP") DEVELOPED AND IMPLEMENTED A COMPREHENSIVE GOVERNMENT AND PUBLIC AFFAIRS PROGRAM TO EDUCATE POLICYMAKERS, THE ADMINISTRATION, MEDIA, ACADEMICS, AND OTHER AUDIENCES ON THE IMPORTANT ROLE INTELLECTUAL PROPERTY ("IP") PLAYS IN DRIVING AND SUPPORTING DOMESTIC INNOVATIVE AND CREATIVE INDUSTRY SECTORS, ECONOMIC COMPETITIVENESS AND GROWTH, AND JOB CREATION.
WE PRODUCED A SERIES OF PRO-IP DIGITAL ADS TO INFORM CONSTITUENTS ON THE IMPORTANCE OF PRO-IP ACTIONS BY FIVE MEMBERS OF CONGRESS AND URGED CONSTITUENTS TO CONTACT THEIR MEMBERS AND ENCOURAGE THEM TO CONTINUE THEIR WORK IN SUPPORT OF PRO-IP LEGISLATION AND POLICIES.
C4IP CREATED THE ORGANIZATION'S WEBSITE AND NEWSLETTER TO SHOWCASE C4IP PRIORITIES, ACTIVITIES, AND PROGRAMS, AND SERVE AS A RESOURCE ON IP POLICY AND RELATED ACTIVITY IN THE PUBLIC AND PRIVATE SECTORS. WE PROVIDED TECHNICAL GUIDANCE AND EXPERT OPINIONS ON DRAFT IP LEGISLATION AND IP-RELATED POLCY PROPOSALS SUCH AS EFFORTS TO EXPAND THE TRIPS WAIVER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrei Iancu C0- Bd Chairman | OfficerTrustee | 10 | $0 |
David Kappos Co-Bd Chairman | OfficerTrustee | 10 | $0 |
Judge Paul Michel Director | Trustee | 2 | $0 |
Judge Kathleen O'malley Director | Trustee | 2 | $0 |
Francis W Cullen Jr Executive Director | 40 | $108,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Herald Group Llc Consulting | 12/30/22 | $777,150 |
Keybridge Communications Llc Website Design & Consulting | 12/30/22 | $195,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,600,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,600,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,600,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,042 |
| Payroll taxes | $420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,978 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,016,405 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $561 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,890 |
| All other expenses | $0 |
| Total functional expenses | $1,185,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,046 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,416,204 |
| Accounts payable and accrued expenses | $2,042 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,042 |
| Net assets without donor restrictions | $1,414,162 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,416,204 |