NonprofitsInnovation Foundation Inc

Education

Innovation Foundation Inc

CHICAGO, IL

Total revenue

$345K

Total expenses

$423K

Net assets

$122K

Grants received

$464K

12 grants

EIN

800633175

Tax year

2024

Mission

The foundation's mission is to honor and recognize modern philosophers whose wisdom is rooted in lived experiences.

Financials

FY 2024

Revenue

Contributions & grants$345K
Program service revenue
Investment income
Other revenue
Total revenue$345K

Expenses

Grants paid
Salaries & benefits$217K
Fundraising$49K
Other expenses$205K
Total expenses$423K
Total assets$126K
Net assets$122K

People

3 listed

NameRoleCompensation

Scott Smith

Director

Board

$200K

1 hrs/wk

Bradley A Keywell

Chairman

Board

1 hrs/wk

Kim Keywell

Director

Board

1 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$10K
General Operating Support
2020
$25K
General Operating Support
2019
$13K
GENERAL OPERATING SUPPORT
2019
$9K
For grant recipient's exempt purposes
2019
$257K
FOR A YEARLONG PARTNERSHIP WITH CHICAGO IDEAS.
2018
$20K
Charitable Event
2018
$55K
General Assistance
2017
$6K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$464K from 9 funders · 12 grants · 2017–2020

The Chicago Community Trust

$270K · 2 grants · 2018–2019

Depaul University

$55K · 1 grant · 2017

University of Notre Dame du Lac

$55K · 1 grant · 2017

Ring Family Supporting Foundation

$35K · 2 grants · 2019–2020

SylvanLaureate Foundation Inc

$20K · 1 grant · 2018

Fidelity Investments Charitable Gift Fund

$15K · 2 grants · 2017–2019

The Fogelson Foundation

$3K · 1 grant · 2018

Details

EIN800633175
NTEE codeB90
Subsection03
Ruling date2011-02
Formed2010
Employees1
INNOVATION FOUNDATION INC — Mission, Financials & Grants Received | Grantivo