NonprofitsInnovate Washington Foundation

Philanthropy, Voluntarism & Grantmaking Foundations

Innovate Washington Foundation

SPOKANE, WA

Total revenue

$944K

Total expenses

$1.1M

Net assets

Grants received

EIN

911726442

Tax year

2024

Mission

Innovate washington foundation collaborates, convenes and connects innovators and researchers with entrepreneurial and financial capital needs to produce world-class companies and high-value jobs that will form the backbone of the region's future economy.

Programs

2 programs

The technology and emerging growth loan funds help promising startups expand and bring innovative products to market by providing non-dilutive debt financing to companies that have limited access to conventional bank financing. The funds provide a bridge to conventional financing, economic success and job creation. Loans range from $100,000 to $500,000.

Expenses: $181K

Ignite northwest accelerates startups through a variety of programs designed to stimulate the formation of new companies and events featuring successful entrepreneurs, subject matter experts on topics of interest to emerging companies and angel, venture and private equity investors.

Expenses: $133K

Financials

FY 2024

Revenue

Contributions & grants$132K
Program service revenue$805K
Investment income$7K
Other revenue$437
Total revenue$944K

Expenses

Grants paid
Salaries & benefits$397K
Fundraising
Other expenses$682K
Total expenses$1.1M
Total assets$8.6M
Net assets

People

7 listed

NameRoleCompensation

THOMAS SIMPSON

CEO

Board

$136K

40 hrs/wk

APRIL STOLTZ

CFO

Board

$123K

40 hrs/wk

SKYE HENDERSON

SECRETARY

Board

1 hrs/wk

TYLER LAFFERTY

DIRECTOR

Board

1 hrs/wk

RICHARD REPP

DIRECTOR

Board

1 hrs/wk

SHELLY COLOMB

DIRECTOR

Board

1 hrs/wk

RICHARD DENENNY

CHAIR

Board

1 hrs/wk

Details

EIN911726442
NTEE codeT99
Subsection03
Ruling date1997-05
Formed1996
Employees2
Volunteers11
INNOVATE WASHINGTON FOUNDATION — Mission, Financials & Grants Received | Grantivo