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Nonprofit · EIN 22-3442892

EDISON INNOVATION FOUNDATION

Tax-exempt · NEWARK, NJ 07102

Financials

$622K$707K2023$940K$684K2024$991K$734K2025
Revenue Expenses · by fiscal year end
Financials of EDISON INNOVATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$991,470$734,242$257,228$2,783,137$34,716$2,748,421
December 31, 2024990$940,418$684,173$256,245$2,467,197$31,025$2,436,172
December 31, 2023990$621,683$707,143-$85,460$2,133,476$38,535$2,094,941
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$781,850
Program service revenue
$0
Investment income
$209,620
Net gain from sales of assets
$158,274
Other revenue
$0

Expenses

Grants and similar amounts paid
$66,939
Compensation of officers, directors and key employees
$339,478
Other salaries and wages
$137,294
Salaries, compensation and benefits (total)
$511,278
Professional fundraising fees
$0
Accounting fees
$37,197
Occupancy
$75,780
Travel
$5,022
Program services (functional)
$88,852
Management and general (functional)
$518,158
Fundraising (functional)
$127,232

Balance sheet and other

Total assets, start of year
$2,467,197
Total assets, end of year
$2,783,137
Total liabilities, end of year
$34,716
Net assets, end of year
$2,748,421
Land, buildings and equipment
$27,500
Publicly traded securities
$2,471,322
Net assets without donor restrictions
$2,748,421
Gross receipts
$1,380,813
Employees
3
Volunteers
1
Year formed
1996
State of legal domicile
NJ

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOHN P KEEGANChairman,Pres
Trustee or director, Officer
30$220,458
THOMAS UNGERLANDExec Vice Pres
Trustee or director, Officer
20$82,500
GEORGE Q KEEGANTreasurer/Secr
Trustee or director, Officer
2$24,860
WADE KNOWLESVice President
Trustee or director, Officer
1$11,660
DANIEL KEEGANExec Vice Pres
Trustee or director, Officer
5$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
JOHN P KEEGANChairman,Pres
Trustee or director, Officer
30$203,500
THOMAS UNGERLANDExec Vice Pres
Trustee or director, Officer
20$82,500
GEORGE Q KEEGANTreasurer/Secr
Trustee or director, Officer
2$24,860
WADE KNOWLESVice President
Trustee or director, Officer
1$11,660
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JOHN P KEEGANChairman,Pres
Trustee or director, Officer
30$203,500
THOMAS UNGERLANDExec Vice Pres
Trustee or director, Officer
20$82,500
GEORGE Q KEEGANTreasurer/Secr
Trustee or director, Officer
2$24,860
WADE KNOWLESVice President
Trustee or director, Officer
1$11,660

Address and contacts

Address (IRS master file)
1 RIVERFRONT PLZ, NEWARK, NJ 07102-5408
In care of
% JOHN P KEEGAN
Principal officer (990 for 2025)
JOHN P KEEGAN, 1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ 07102
Signed the 990
JOHN P KEEGAN, CHAIRMAN AND PRES
Phone
(973) 648-0500
Return prepared by
KRIM LANDAU LLC

Mission

TO PRESERVE AND PROMOTE THE HISTORICAL FACILITIES AND PAPERS OF THOMAS EDISON WHERE AND IN WHICH HE INVENTED THE PRODUCTS THAT SHAPED THE MODERN WORLD;TO BENEFIT ALL STUDENTS PROVIDING THE NECESSARY SKILLS TO PURSUE CAREERS IN SCIENCE AND TECHNOLOGY.

990 for the year ended December 31, 2025

Program accomplishments

  • PROGRAM SERVICE ACCOMPLISHMENTSPLEASE SEE ATTACHMENT
    Expenses $88,852
  • EIF'S PRIMARY GOAL IS TO RAISE $90 MILLION FOR THE RESTORATION AND UPKEEP OF EDISON'S LEGACY THROUGHOUT AMERICA. ON OCTOBER 9TH, 2009, THE LEGENDARY EDISON LABS IN WEST ORANGE, NJ OPENED AFTER MORE THAN FIVE YEARS OF MAJOR RENOVATIONS. THESE BUILDINGS WERE IN CRITICAL NEED OF REPAIR, AND THE COLLECTIONS INCLUDING, NOTEBOOKS, EARLY PROTOTYPES, AND THOUSANDS OF EARLY RECORDINGS WERE IN DANGER OR BEING LOST DUE TO DETERIORATION. THE INITIAL FOCUS OF THIS CAMPAIGN WAS TO SUPPORT THE NEWLY RENAMED THOMAS EDISON NATIONAL HISTORICAL PARK("TENHP') AND ASSOCIATED EDUCATIONAL AND RESEARCH EFFORTS IN GENERAL. HOWEVER, DURING THIS INITIAL PHASE, EIF IS ALSO WORKING ON INDIVIDUAL PUBLIC SECTOR PROJECTS AS WELL AS FORMING ALLIANCES WITH OTHER ORGANIZATIONS AND FOUNDATIONS IN ORDER TO ACHIEVE EDUCATIONAL INITIATIVES. SOME RECENT PUBLIC SECTOR WORK IS DESCRIBED IN SECTION BELOW. (CONTINUED ON SCH O)

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-3442892
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,783,137
Income (IRS master file)
$1,380,813

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$991,470$734,242$2,783,137IRS
990December 2024$940,418$684,173$2,467,197IRS
990December 2023$621,683$707,143$2,133,476XML
990December 2022$755,080$679,442$2,149,726IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3442892).

Questions about EDISON INNOVATION FOUNDATION

What is the EIN of EDISON INNOVATION FOUNDATION?
The employer identification number (EIN) of EDISON INNOVATION FOUNDATION is 22-3442892.
Is EDISON INNOVATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to EDISON INNOVATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EDISON INNOVATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EDISON INNOVATION FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EDISON INNOVATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of EDISON INNOVATION FOUNDATION?
The 990 for the year ended December 31, 2025 names JOHN P KEEGAN.
Who are the officers and directors of EDISON INNOVATION FOUNDATION?
The 990 for the year ended December 31, 2025 lists 5 people; 4 received compensation from the organization, the highest $220,458 (JOHN P KEEGAN, Chairman,Pres).
How much revenue does EDISON INNOVATION FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $991,470, expenses of $734,242 and total assets of $2,783,137 at year end.

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