NonprofitsThe Center For Advancing Innovation Inc

Science & Technology

The Center For Advancing Innovation Inc

BETHESDA, MD

Total revenue

$433K

Total expenses

$711K

Net assets

$876K

Grants received

$1.2M

2 grants

EIN

383903952

Tax year

2024

Mission

The center for advancing innovation (cai) is a global public-private partnership non-profit focused on creating a virtuous circle of innovation and driving growth breakthroughs through novel, creative paradigms and models. Cai's mission is to accelerate and increase the volume of research commercialization in support of high growth business in order to ignite entrepreneurship, bolster the global economy and maximize the commercial and knowledge-based potential of promising inventions. Cai's award-winning challenge-based accelerator, rigorous fact-based due diligence and capital efficient lean management models serve to hyper-accelerate "gazelle" high- performing startups for outsized investor returns.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$408K
Investment income$25K
Other revenue
Total revenue$433K

Expenses

Grants paid
Salaries & benefits$565K
Fundraising
Other expenses$147K
Total expenses$711K
Total assets$876K
Net assets$876K

People

5 listed

NameRoleCompensation

ROSEMARIE TRUMAN

CEO

Board

$360K

40 hrs/wk

CODY LOCKE

CHIEF INNOVATION OFFICER

Board

$153K

40 hrs/wk

NICK DONOFRIO

CHAIRMAN

Board

0

GIL PRICE

DIRECTOR

Board

0

REGINALD SEETO

DIRECTOR

Board

0

Grants received

Showing 2 of 2

FromAmountPurposeYear

Funded by

$1.2M from 1 funder · 2 grants · 2020–2022

Silicon Valley Community Foundation

$1.2M · 2 grants · 2020–2022

Details

EIN383903952
NTEE codeU99
Subsection03
Ruling date2014-06
Formed2012
Employees2
Volunteers0
THE CENTER FOR ADVANCING INNOVATION INC — Mission, Financials & Grants Received | Grantivo