Innovators Network Foundation in Washington, District of Columbia (DC)
Table of contents:
| Innovators Network Foundation | |
| Employer Identification Number (EIN) | 271413020 |
| Name of Organization | Innovators Network Foundation |
| Address | 1401 K St Nw Ste 502, Washington, DC 20005-3417 |
| Subsection | Educational Organization |
| Ruling Date | 07/2010 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $343,490 |
| Amount of Income | $351,153 |
| Form 990 Revenue Amount | $351,153 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Research Institutes and/or Public Policy Analysis |
Non-representatives - add comments:
Amount of income in 2013: $351,153 (it was $546,127 in 2012)
| This organization: | $351,153 |
| Other organizations performing similar types of work: | $81,187 |
Assets in 2013: $343,490 (it was $98,606 in 2012)
| This organization: | $343,490 |
| Other organizations performing similar types of work: | $17,398 |
Expenses in 2012: $778,513
| Innovators Network Foundation: | $778,513 |
| Other organizations performing similar types of work: | $72,149 |
Income to expenses ratio in 2012: 0.5
| Innovators Network Foundation: | 0.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.2%
| This organization: | 99.2% |
| Other organizations performing similar types of work: | 64.4% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $546,127 |
| Contributions, Gifts, Grants and Other Similar Amounts | $541,735 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $4,392 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $778,513 |
| Compensation of current officers, directors, trustees, and key employees | $520,449 |
| Other salaries and wages | $0 |
| Payroll taxes | $28,386 |
| Professional fundraising services | $0 |
| Other | $229,678 |
| Balance Sheet (for 2012) | |
| Total assets | $98,606 |
| Total liabilities | $319,538 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $319,538 |
| Total net assets or fund balances | $-220,932 |
| Retained earnings, endowment, accumulated income, or other funds | $-220,932 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $1,839,190 |
| Gifts, grants, contributions, and membership fees received | $1,791,735 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $43,000 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $4,455 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Center For Global Policy Solutions | 1830 11th St Nw Apt 1, Washington, DC 20001-5023 | DC | 2012-08 | $1,677,141 |
| 2 | Massachusetts Competitive Partnership Inc | 535 Boylston Street, Boston, MA 02116-3720 | MA | 2011-02 | $1,475,952 |
| 3 | Treasure Coast Homeless Service Council Inc | 2525 Saint Lucie Ave, Vero Beach, FL 32960-3385 | FL | 2000-12 | $1,033,470 |
| 4 | Washington Institute For Financial Security, The Prosperity Agenda | 219 First Avenue South Suite 300, Seattle, WA 98104 | WA | 2013-10 | $395,780 |
| 5 | Alliance Of Californians For Community Empowerment, Acce Action | 3655 S Grand Ave Ste 250, Los Angeles, CA 90007-4327 | CA | 2012-05 | $377,330 |
| 6 | Innovators Network Foundation | 1401 K St Nw Ste 502, Washington, DC 20005-3417 | DC | 2010-07 | $351,153 |
| 7 | Work And Family Researchers Network | 3718 Locust Walk, Philadelphia, PA 19104-6299 | PA | 2011-12 | $200,963 |
| 8 | Western Regional Advocacy Project | 2940 16th St, San Francisco, CA 94103-3664 | CA | 2008-05 | $161,733 |
| 9 | Citizen Advocacy Center | 1400 16th St Nw Ste 101, Washington, DC 20036-2222 | DC | 1994-08 | $133,528 |
| 10 | Anchorage Hospitality Foundation | PO BOX 242023, Anchorage, AK 99524 | AK | 2005-09 | $127,130 |
| 11 | Andean Information Network | 1112 16th St Nw, Washington, DC 20036-4823 | DC | 1995-10 | $94,287 |
| 12 | Christian Action Asia Inc | PO BOX 6044 WEST SIDE STATION, Hoboken, NJ 07030 | NJ | 2010-02 | $87,747 |
| 13 | Soma Research Project Incorporated | 2515 Magnolia Ave, Clovis, CA 93611-8947 | CA | 2011-07 | $51,733 |
| 14 | American Foundation For Research & Consumer Educ In Socl Work Reg Inc | 400 South Ridge Parkway Suite B, Culpeper, VA 22701 | VA | 2008-10 | $50,609 |
| 15 | Servenext Public Education Campaign | 1875 K St Nw Fl 5, Washington, DC 20006-1263 | DC | 2008-10 | $48,513 |
| 16 | Stronger Families For Oregon | PO BOX 948, Salem, OR 97308-0948 | OR | 1994-05 | $16,940 |
| 17 | Samuel H Smith Foundation, Robert A Smith | 2854 E Overlook Dr, Saint George, UT 84790-6417 | UT | 2006-02 | $5,251 |
| 18 | Iliaad | 1814 37th St Nw, Washington, DC 20007-2238 | DC | 2003-05 | $0 |
| 19 | Latino Action Alliance Research Center | 601 Penn Ave Nw Ste 900, Washington, DC 20004 | DC | 2014-07 | $0 |
| 20 | National Foundation For Student Success | 1900 K St Nw Ste 100, Washington, DC 20006-1102 | DC | 2000-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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