2025-10-30T17:12:13-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-01-01 911726442 INNOVATE WASHINGTON FOUNDATION INNO 5099532989 518 W RIVERSIDE 203 SPOKANE WA 99201 THOMAS SIMPSON CEO 5099532989 2025-10-29 1 1 KURT BENNION CPA P01469618 4252506100 2025-10-29 2024 2025-03-06 01:10:19Z IGNITE NORTHWEST THOMAS SIMPSON 518 W RIVERSIDE 203 SPOKANE WA 99201 944051 0 X WWW.IGNITENORTHWEST.COM X 1996 WA 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. 6 5 2 11 0 0 104210 131950 697232 804988 11797 6676 925 437 814164 944051 0 0 0 0 423510 397216 0 0 0 712713 681956 1136223 1079172 -322059 -135121 8526138 8589866 9154751 9353600 -628613 -763734 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. 0 0 472406 0 388717 IGNITE NORTHWEST LEASES OUT SPACE IN THE SPOKANE TECHNOLOGY CENTER, A MULTI-PURPOSE FACILITY THAT IS PART OF THE LARGER TECHNOLOGY AND INNOVATION ECOSYSTEM IN SPOKANE SUPPORTING STARTUP COMPANIES. 181389 0 412671 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. 133351 0 3600 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. 787146 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X APRIL STOLTZ 5099819228 518 W RIVERSIDE AVE SUITE 203 SPOKANE WA 99201 THOMAS SIMPSON CEO 40.00 X X 136366 0 32217 RICHARD DENENNY CHAIR 1.00 X X 0 0 0 SKYE HENDERSON SECRETARY 1.00 X X 0 0 0 SHELLY COLOMB DIRECTOR 1.00 X 0 0 0 TYLER LAFFERTY DIRECTOR 1.00 X 0 0 0 RICHARD REPP DIRECTOR 1.00 X 0 0 0 APRIL STOLTZ CFO 40.00 X 122628 0 40085 258994 0 72302 2 0 1 0 0 131950 131950 INTEREST ON LOAN FUNDS 525990 412671 412671 BUILDING LEASE 531120 388717 388717 MEMBERSHIP DUES 900099 3600 3600 804988 6676 6676 OTHER INCOME 900099 437 437 437 944051 804988 0 7113 331291 192913 138378 40734 16518 24216 25191 14181 11010 28281 25782 2499 41638 7500 34138 33928 26530 7398 9596 7080 2516 20736 20736 5325 3404 1921 20964 20834 130 232270 232270 154261 153290 971 38713 16127 22586 PROPERTY TAXES 70717 70717 BAD DEBT 13323 13323 DUES AND SUBSCRIPTIONS 12204 12204 1079172 787146 292026 0 82120 93773 597977 821114 26000 38750 3561222 3547263 20666 22267 6885613 2902501 4137373 3983112 100780 83587 8526138 8589866 282730 303794 64087 27513 8707154 8938706 100780 83587 9154751 9353600 X -628613 -763734 -628613 -763734 8526138 8589866 -135121 0 X X 0 1 X 1 1 1 X 1389850 527966 604018 104210 131950 2757994 1389850 527966 604018 104210 131950 2757994 2757994 1091 591 1499 11797 6676 21654 925 437 1362 2781010 3140937 0.99170 0.98400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 842836 842836 5961301 2825231 3136070 17595 13389 4206 63881 63881 0 3983112 OPERATING LEASE LIABILITY 83587 83587 944051 0 944051 0 944051 1079172 0 1079172 0 1079172 X 0 0 0 0 0 0 0 0 0 THOMAS SIMPSON CEO 136366 0 0 0 0 0 9853 0 22364 0 168583 0 0 0 APRIL STOLTZ CFO 122628 0 0 0 0 0 9012 0 31073 0 162713 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS GIVEN THE CONFLICT-OF-INTEREST POLICY AND THEY ACKNOWLEDGE RECEIPT OF THE POLICY, THAT THEY HAVE READ & UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY BY SIGNING AN ANNUAL STATEMENT. AS PART OF THIS PROCESS, THE BOARD MEMBERS ARE ASKED TO SPECIFICALLY DISCLOSE CONFLICTS. IF A BOARD MEMBER HAS AN ACTUAL OR POSSIBLE CONFLICT, THEY MUST DISCLOSE ITS EXISTENCE AND ALL MATERIAL FACTS TO THE BOARD MEMBERS. THE INDIVIDUAL THEN RECUSES THEMSELVES FROM ANY FURTHER DISCUSSIONS AND VOTES ON THE MATTER. IF IT ISN'T CLEAR WHETHER A CONFLICT EXISTS, THE REMAINING BOARD MEMBERS MAKE THE DETERMINATION. THE BOARD MAY INVESTIGATE ALTERNATIVE TRANSACTIONS THAT DO NOT INVOLVE A CONFLICT. IF THE BOARD BELIEVES A PERSON FAILED TO DISCLOSE A CONFLICT, THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO EXPLAIN THE SITUATION, AFTER WHICH THE BOARD DETERMINES APPROPRIATE DISCIPLINARY AND/OR CORRECTIVE ACTIONS, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS SUBJECT TO BOARD REVIEW AND APPROVAL. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN AUDITOR AND OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE YEAR.