Nonprofit · EIN 47-2239840
THE FOUNDATION FOR AMERICAN INNOVATION
Tax-exempt · WASHINGTON, DC 20002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,149,927 | $3,719,664 | $1,430,263 | $3,709,441 | $282,190 | $3,427,251 |
| December 31, 2023 | 990 | $3,679,704 | $3,360,231 | $319,473 | $1,978,835 | $40,412 | $1,938,423 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,106,107
- Program service revenue
- $42,816
- Investment income
- $74
- Other revenue
- $930
Expenses
- Grants and similar amounts paid
- $9,500
- Compensation of officers, directors and key employees
- $1,248,309
- Other salaries and wages
- $643,524
- Salaries, compensation and benefits (total)
- $2,066,207
- Professional fundraising fees
- $0
- Legal fees
- $8,913
- Accounting fees
- $80,919
- Occupancy
- $72,748
- Travel
- $138,660
- Program services (functional)
- $2,876,107
- Management and general (functional)
- $545,134
- Fundraising (functional)
- $298,423
Balance sheet and other
- Total assets, start of year
- $1,978,835
- Total assets, end of year
- $3,709,441
- Total liabilities, end of year
- $282,190
- Net assets, end of year
- $3,427,251
- Net assets without donor restrictions
- $1,874,066
- Net assets with donor restrictions
- $1,553,185
- Gross receipts
- $5,149,927
- Employees
- 19
- Volunteers
- 13
- Year formed
- 2014
- State of legal domicile
- DE
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 | Other / benefits |
|---|---|---|---|---|
| LOREN ZACHARY GRAVES | EXECUTIVE DIRECTOR Officer | 40 | $254,749 | $27,665 |
| SAMUEL HAMMOND | SENIOR ECONOMIST Key employee | 40 | $255,126 | $23,462 |
| DANIEL PETER LIPS | HEAD OF POLICY Key employee | 40 | $177,042 | $26,252 |
| GRACE MEYER | CHIEF OPERATING OFFICER Officer | 40 | $172,069 | $23,650 |
| BRANDON MARK DETWEILER | HEAD OF PRODUCT Key employee | 40 | $149,548 | $20,643 |
| TIMOTHY LIVINGSTON | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $124,877 | $23,269 |
| LUKE HOGG | DIRECTOR OF OUTREACH Highest-paid employee | 40 | $108,386 | $13,444 |
| MAX BODACH | EXECUTIVE VICE PRESIDENT Officer | 40 | $104,794 | $13,309 |
| GARRETT JOHNSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN SOLTIS ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATIE BIBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL SOLANA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LAURENT CRENSHAW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALLISON SWOPE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL KRATSIOS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AARON GINN | BOARD MEMBER Trustee or director | 1 | $0 |
| KMELE FOSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| TAMARA WINTER | BOARD MEMBER Trustee or director | 1 | $0 |
| MEG REISS | BOARD MEMBER FROM 04/24 Trustee or director | 1 | $0 |
| REIHAN SALAM | BOARD MEMBER FROM 04/24 Trustee or director | 1 | $0 |
| MARK JOHNSON | BOARD MEMBER FROM 04/24 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOREN ZACHARY GRAVES | EXECUTIVE DIRECTOR Key employee | 40 | $238,618 | $24,771 |
| BRANDON MARK DETWEILER | HEAD OF PRODUCT Key employee | 40 | $175,086 | $24,519 |
| DANIEL PETER LIPS | HEAD OF POLICY Key employee | 40 | $174,431 | $24,817 |
| GRACE MEYER | COO Key employee | 40 | $163,064 | $19,507 |
| SAMUEL HAMMOND | SENIOR ECONOMIST Key employee | 37 | $153,083 | $7,235 |
| TIMOTHY LIVINGSTON | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $120,531 | $21,522 |
| ANDY LONG | DIRECTOR OF PRODUCT Highest-paid employee | 40 | $124,360 | $14,328 |
| LUKE HOGG | DIRECTOR OF OUTREACH Highest-paid employee | 40 | $101,133 | $12,351 |
| GARRETT JOHNSON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| KRISTEN SOLTIS ANDERSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KATIE BIBER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MIKE SOLANA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LAURENT CRENSHAW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ALLISON SWOPE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL KRATSIOS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| AARON GINN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KMELE FOSTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TAMARA WINTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1255 UNION ST NE FL 7, WASHINGTON, DC 20002-7042
- In care of
- % JOHN FALLONE
- Principal officer (990 for 2024)
- LOREN ZACHARY GRAVES, 1255 UNION ST NE FL 7, WASHINGTON, DC 20002
- Signed the 990
- LOREN ZACHARY GRAVES, EXECUTIVE DIRECTOR
- Phone
- (843) 212-7960
- Website
- WWW.THEFAI.ORG
- 990-N for 2014 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: GARRETT JOHNSON, 1742 BRADDOCK COURT, SAN JOSE CA 95125. Mailing address: 1742 BRADDOCK COURT, SAN JOSE CA 95125.
- Return prepared by
- NORTON COLLAR LUND LILLEY PLLC
Mission
TO DEVELOP TECHNOLOGY, TALENT, AND IDEAS THAT SUPPORT A BETTER, FREER, AND MORE ABUNDANT FUTURE. OURS IS A POLITICS OF BUILDERS, HACKERS, AND FOUNDERS WORKING TO ADVANCE A MORE PERFECT UNION BETWEEN TECHNOLOGY AND THE AMERICAN REPUBLIC.
Program accomplishments
- POLICY - THE POLICY TEAM IS A BOUTIQUE THINK TANK OF POLICY EXPERTS AND TECHNOLOGISTS FOCUSED ON ISSUES AT THE INTERSECTION OF INNOVATION, GOVERNANCE, AND NATIONAL SECURITY. THIS TEAM'S WORK FOCUSES ON IMPACT RESEARCH, EDUCATIONAL OUTREACH, AND SEEDING NOVEL SOLUTIONS IN THE WEEDS OF POLICY FORMATION. WE GENERALLY DO NOT TAKE INSTITUTIONAL POSITIONS, INSTEAD RELYING ON THE EXPERTISE OF INDIVIDUAL TEAM MEMBERS (WHO SOMETIMES DISAGREE).Expenses $1,496,345 · grants $9,500
- LABS - THE LABS TEAM IS A GROUP OF PRODUCT EXPERTS, DESIGNERS, AND ENGINEERS FOCUSED ON BUILDING TECHNOLOGY SOLUTIONS TO ENTRENCHED POLICY PROBLEMS. THE TEAM'S WORK IS CENTERED ON CREATING PHILANTHROPY-SUPPORTED TOOLS AND INFRASTRUCTURE TO ADDRESS KEY SOCIETAL CHALLENGES THAT DON'T HAVE THE PROFIT POTENTIAL TO ATTRACT TRADITIONAL VENTURE INVESTMENT.Expenses $707,254
- EVENTS - EACH YEAR WE HOST DOZENS OF EVENTS ACROSS THE COUNTRY, ENGAGING OUR COMMUNITIES IN CALIFORNIA, TEXAS, NEW YORK, FLORIDA, D.C., AND ELSEWHERE. THROUGH OUR SALONS, FORUMS, AND CONFERENCES, WE BRING TOGETHER TECHNOLOGISTS, FOUNDERS, AUTHORS, AND POLICYMAKERS TO EXPLORE A RANGE OF TIMELY TOPICS.NETWORK - THE NETWORK TEAM IS FOCUSED ON FELLOWSHIPS, EVENTS, AND MEDIA, BUILDING A TRANSLATION LAYER BETWEEN THE TWO CULTURES OF TECH AND POLICY, AND SHAPING THE NATIONAL CONVERSATION AROUND INNOVATION. NETWORK HAS THREE SUB PROGRAMS: EVENTS, MEDIA, AND FELLOWSHIPS.MEDIA - TO INCREASE THE REACH AND IMPACT OF OUR WORK, WE SPONSOR TWO PODCASTS. THE REALIGNMENT BOASTS 500,000 MONTHLY DOWNLOADS AND FOCUSES ON THE SHIFTING LANDSCAPE OF NATIONAL SECURITY, ECONOMICS, TECHNOLOGY, AND THE ROLE OF GOVERNMENT IN OUR LIVES. OUR NEW PODCAST, THE DYNAMIST, HIGHLIGHTS OUR RESEACH AND WORK, AND EXPLORES THE EMERGING MOVEMENT FOR DYNAMISM WITH PROMINENT GUESTS.FELLOWSHIPS - OUR FELLOWSHIP PROGRAMS CULTIVATE EARLY-AND MID-CAREER TALENT WITH TWO GOALS IN MIND: FIRST, TO EDUCATE THE NEXT GENERATION OF FOUNDERS AND BUILDERS ABOUT HOW TO NAVIGATE POLICY AND REGULATORY THREATS, AND SECOND, TO CREATE A STRONGER TECHNICAL TALENT PIPELINE OF MARKET-ORIENTED POLICY ENTREPRENEURS.Expenses $672,508 · revenue $42,816
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2239840
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E70)
- Assets (IRS master file)
- $3,709,441
- Income (IRS master file)
- $5,149,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,149,927 | $3,719,664 | $3,709,441 | XML |
| 990 | December 2023 | $3,679,704 | $3,360,231 | $1,978,835 | XML |
| 990 | December 2022 | $3,932,822 | $4,347,192 | $1,896,389 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: GARRETT JOHNSON Filed under this EIN, most likely by a chapter or affiliate | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2239840).
Questions about THE FOUNDATION FOR AMERICAN INNOVATION
- What is the EIN of THE FOUNDATION FOR AMERICAN INNOVATION?
- The employer identification number (EIN) of THE FOUNDATION FOR AMERICAN INNOVATION is 47-2239840.
- Is THE FOUNDATION FOR AMERICAN INNOVATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THE FOUNDATION FOR AMERICAN INNOVATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOUNDATION FOR AMERICAN INNOVATION 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 THE FOUNDATION FOR AMERICAN INNOVATION 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 THE FOUNDATION FOR AMERICAN INNOVATION 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 THE FOUNDATION FOR AMERICAN INNOVATION?
- The 990 for the year ended December 31, 2024 names LOREN ZACHARY GRAVES.
- Who are the officers and directors of THE FOUNDATION FOR AMERICAN INNOVATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 8 received compensation from the organization, the highest $254,749 (LOREN ZACHARY GRAVES, EXECUTIVE DIRECTOR).
- How much revenue does THE FOUNDATION FOR AMERICAN INNOVATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,149,927, expenses of $3,719,664 and total assets of $3,709,441 at year end.
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