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Nonprofit · EIN 27-2310390

NATIONAL ACADEMY OF INVENTORS INC

Tax-exempt · TAMPA, FL 33612

Financials

$2.4M$1.2M2023$3.7M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL ACADEMY OF INVENTORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,652,522$1,906,245$1,746,277$6,591,336$0$6,591,336
December 31, 2023990$2,426,724$1,201,777$1,224,947$4,845,169$0$4,845,169
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$892,950
Program service revenue
$1,607,567
Investment income
$26,606
Other revenue
$1,125,399

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$625,863
Salaries, compensation and benefits (total)
$625,863
Professional fundraising fees
$0
Accounting fees
$7,625
Program services (functional)
$1,522,830
Management and general (functional)
$359,355
Fundraising (functional)
$24,060

Balance sheet and other

Total assets, start of year
$4,845,169
Total assets, end of year
$6,591,336
Total liabilities, end of year
$0
Net assets, end of year
$6,591,336
Net assets without donor restrictions
$6,591,336
Gross receipts
$3,652,522
Employees
5
Year formed
2009
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
KENNETH BLANKTREASURER
Trustee or director
–$0
KAREN J L BURGDIRECTOR
Trustee or director
–$0
PIERRE COMIZZOLI PHD DVMDIRECOR
Trustee or director
–$0
ELIZABETH DOUGHERTYEX OFFICIO
Trustee or director
–$0
ROBERT V DUNCANDIRECTOR
Trustee or director
–$0
ANNA M LEESE DE ESCOBAREX OFFICIO
Trustee or director, Officer
–$0
DR HOWARD J FEDEROFFVICE PRESIDE
Trustee or director, Officer
–$0
PAUL ROSENTHALEX OFFICIO
Trustee or director
–$0
PAUL R SANBERGPRESIDENT
Trustee or director, Officer
–$0
DR SUDEEP SARKARDIRECTOR
Trustee or director, Officer
–$0
CATO T LAURENCIN MD PH DDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
KENNETH BLANKTREASURER
Trustee or director
–$0
KAREN J L BURGDIRECTOR
Trustee or director
–$0
PIERRE COMIZZOLI PHD DVMDIRECOR
Trustee or director
–$0
ELIZABETH DOUGHERTYEX OFFICIO
Trustee or director
–$0
ROBERT V DUNCANDIRECTOR
Trustee or director
–$0
ANNA M LEESE DE ESCOBAREX OFFICIO
Trustee or director, Officer
–$0
DR HOWARD J FEDEROFFVICE PRESIDE
Trustee or director, Officer
–$0
PAUL ROSENTHALEX OFFICIO
Trustee or director
–$0
PAUL R SANBERGPRESIDENT
Trustee or director, Officer
–$0
DR SUDEEP SARKARDIRECTOR
Trustee or director, Officer
–$0
CATO T LAURENCIN MD PH DDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
3702 SPECTRUM BLVD STE 180, TAMPA, FL 33612-9424
In care of
% JUDY LOWRY
Principal officer (990 for 2024)
PAUL R SANBERG, 3702 SPECTRUM BLVD, STE 165, TAMPA, FL 33612
Signed the 990
PAUL R SANBERG, PRESIDENT
Phone
(813) 974-5862
Return prepared by
BSK FINANCIAL SERVICES INC

Mission

THE ACADEMY OF INVENTORS IS 100% DEEVOTED TO INSTRUCTING INDIVIDUALS IN AN EFFORT TO IMPROVE SKILLS AS INVENTORS AND INSTRUCTING THE PUBLIC AS TO THE BENEFITS OF INNOVATION. THE SUBLECT MATTER OF THE EDUCATION ENCOMPASSES ESSENTIALLY THE ENTIRE FIELDS OF APPLIED SCIENCE WITH A FOCUS ON TRANSFORMATIVE TECHNOLOGY AND ACADEMIC INNOVATION.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $1,522,830
  • NAI ANNUAL MEETING THE NAI ANNUAL MEETING IS HELD EACH SPRING AND FEATURES STIMULATING PRESENTATIONS AND NETWORLING WITH RENOWNED INVENTORS FROM ACCROSS THE US AND AROUND THE WORLD. THE MEETING SERVES AS AN ARENA WHERE INNOVATION AND ENTREPRESNEIRSHIP IN THE ACADEMIC WORLD, LEADING LOCAL AND NATIONAL ECONOMIC DEVELOPMENT IS RECOGNIZED, HONOURED AND CULTIVATED.
  • BRICK AND MORTAR IS IS ESTIMATED TO BUILD A PHYSICAL OFFICE BUILDING IN AN OFFSITE LOCATION FOR THE FOUNDATION. THE BOARD HAS CHOSEN TO ASSIGN 100,000 PER YEAR TO THIS FUND UNTIL BUILDING PLANS ETC CAN COMMENCE.
  • GRANT FOR FEES: THE BOARD HAS ELECTED TO FUND AN NAI RESERVE FOR SUPPORTING MEMEBERS IN HARDSHIP AND RETIREMENT. THIS ALSO INCLUDES MEMBER INSTITUTIONS WHO MIGHT HAVE BUDGET RESTRICTIONS AND TO SUPPORT SUPPORT OUR FELLOWS WHO MAY BE UNABLE TO CONTINUE MEMBERSHIP DUE TO THE FACT THAT THEY RETIRED AND OR INCOME HAS CHANGED.

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-2310390
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
Assets (IRS master file)
$6,591,336
Income (IRS master file)
$3,652,522

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,652,522$1,906,245$6,591,336IRS
990December 2023$2,426,724$1,201,777$4,845,169XML
990December 2022$1,508,515$1,142,456$3,620,222IRS
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 27-2310390).

Questions about NATIONAL ACADEMY OF INVENTORS INC

What is the EIN of NATIONAL ACADEMY OF INVENTORS INC?
The employer identification number (EIN) of NATIONAL ACADEMY OF INVENTORS INC is 27-2310390.
Is NATIONAL ACADEMY OF INVENTORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to NATIONAL ACADEMY OF INVENTORS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NATIONAL ACADEMY OF INVENTORS INC 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 NATIONAL ACADEMY OF INVENTORS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL ACADEMY OF INVENTORS INC 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 NATIONAL ACADEMY OF INVENTORS INC?
The 990 for the year ended December 31, 2024 names PAUL R SANBERG.
Who are the officers and directors of NATIONAL ACADEMY OF INVENTORS INC?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does NATIONAL ACADEMY OF INVENTORS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,652,522, expenses of $1,906,245 and total assets of $6,591,336 at year end.

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