Nonprofit · EIN 27-1413020
INNOVATORS NETWORK FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $986,338 | $1,389,078 | -$402,740 | $585,809 | $175,251 | $410,558 |
| December 31, 2023 | 990 | $1,105,000 | $1,120,675 | -$15,675 | $942,961 | $129,663 | $813,298 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,000
- Membership dues
- $35,000
- Program service revenue
- $942,500
- Investment income
- $8,838
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $144,000
- Other salaries and wages
- $154,250
- Salaries, compensation and benefits (total)
- $385,559
- Professional fundraising fees
- $0
- Occupancy
- $57,167
- Travel
- $29,222
- Program services (functional)
- $1,231,853
- Management and general (functional)
- $157,225
Balance sheet and other
- Total assets, start of year
- $942,961
- Total assets, end of year
- $585,809
- Total liabilities, end of year
- $175,251
- Net assets, end of year
- $410,558
- Gross receipts
- $986,338
- Employees
- 3
- Year formed
- 2010
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MORGAN REED | President Trustee or director | 10 | $0 | $639,800 | $106,136 |
| CHELSEA THOMAS | Executive Director Highest-paid employee | 10 | $0 | $398,600 | $80,558 |
| RENE ADAM | CFO Trustee or director | 10 | $0 | $338,038 | $70,867 |
| JONATHAN ZUCK | Director of Future Wor Trustee or director | 40 | $144,000 | $0 | $31,402 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MORGAN REED | President Trustee or director | 5 | $0 | $469,800 | $146,150 |
| CHELSEA THOMAS | Executive Director Highest-paid employee | 0.1 | $0 | $323,600 | $95,958 |
| RENE ADAM | CFO Trustee or director | 5 | $0 | $243,129 | $88,294 |
| JONATHAN ZUCK | Director of Future Wor Trustee or director | 50 | $144,000 | $0 | $4,320 |
Address and contacts
- Address (IRS master file)
- 1401 K ST NW STE 501, WASHINGTON, DC 20005-3417
- In care of
- % GERARD R ADAM
- Principal officer (990 for 2024)
- Morgan Reed, 1401 K St NW Ste 501, Washington, DC 20005
- Signed the 990
- GERARD R ADAM, Mr
- Phone
- (202) 331-2130
- Return prepared by
- ACT
Mission
to support the creation and advancement of high-growth innovative technology and research
Program accomplishments
- Privacy Fellowship -Expenses $153,480
- Frand/IP -Expenses $394,550 · revenue $325,000
- Competition/Anti-Trust -Expenses $370,167 · revenue $325,000
- Internet Governance -Expenses $313,656 · revenue $292,500
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1413020
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P05)
- Assets (IRS master file)
- $6,900
- Income (IRS master file)
- $1,031,314
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $986,338 | $1,389,078 | $585,809 | IRS |
| 990 | December 2023 | $1,105,000 | $1,120,675 | $942,961 | XML |
| 990 | December 2022 | $2,331,125 | $1,530,750 | $833,028 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 27-1413020).
Questions about INNOVATORS NETWORK FOUNDATION
- What is the EIN of INNOVATORS NETWORK FOUNDATION?
- The employer identification number (EIN) of INNOVATORS NETWORK FOUNDATION is 27-1413020.
- Is INNOVATORS NETWORK FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to INNOVATORS NETWORK FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATORS NETWORK 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 INNOVATORS NETWORK 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 INNOVATORS NETWORK FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INNOVATORS NETWORK FOUNDATION?
- The 990 for the year ended December 31, 2024 names Morgan Reed.
- Who are the officers and directors of INNOVATORS NETWORK FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization.
- How much revenue does INNOVATORS NETWORK FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $986,338, expenses of $1,389,078 and total assets of $585,809 at year end.
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