EIN 46-1761848

Innovation Fund America

IRS 501(c) type
501(c)(3)
Num. employees
0
City
State
Year formed
2012
Most recent tax filings
2023-07-01
Description
Innovation Fund America is a nonprofit organization that partners with community colleges to accelerate the growth of technology startups through early-stage funding and education. The organization aspires to develop and administer activities and programs designed to educate students and entrepreneurs, combat community deterioration, relieve poverty, and lessen the burdens of the government through stimulating innovation.
Total revenues
$25,000
2023
Total expenses
$1,847,538
2023
Total assets
$51,629
2023
Num. employees
0
2023

Program areas at Innovation Fund America

Innovation Fund America Inc. ("ifa Inc.") aspires to develop and administer activities and programs designed to educate students and entrepreneurs, combat community deterioration, relieve poverty, and lessen the burdens of the government through stimulating economic development in select communities across the united states ("ifa communities"). It accomplishes this through creating an entrepreneurial climate that fosters, creates and expands employment opportunities in those communities through the recruitment and education of organizations and entrepreneurs working with related enterprises within those communities. Ifa Inc. Provides assistance in the funding of and undertaking activities which will lessen the burdens of government in relation to the development of entrepreneurial enterprises in ifa communities in conjunction with private and public investments and contributions by philanthropic organizations and federal, state, and local governments. Ifa Inc. Provides appropriate counsel or assistance in advisory services which will promote and nurture the formation and development of entrepreneurial businesses and capacity in ifa communities and promoting the welfare of ifa communities by serving as a national leader for Innovation, education, and training in entrepreneurial business.

Personnel at Innovation Fund America

NameTitleCompensation
Tracy GreenDirector$0
Joseph MartinTreasurer$0
Julie StrazzoSecretary$0
Roy A ChurchPresident and Chair$0
Marcia J BallingerVice President$0
...and 2 more key personnel

Financials for Innovation Fund America

RevenuesFYE 07/2023
Total grants, contributions, etc.$25,000
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$25,000

Form 990s for Innovation Fund America

Fiscal year endingDate received by IRSFormPDF link
2023-072024-06-12990View PDF
2022-072023-06-14990View PDF
2021-072022-06-10990View PDF
2020-072021-04-13990View PDF
2019-072021-05-13990View PDF
...and 4 more Form 990s
Data update history
July 4, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 25, 2023
Updated personnel
Identified 2 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1005 N Abbe Rd CC220
Elyria, OH 44035
Metro area
Cleveland-Elyria, OH
County
Lorain County, OH
Website URL
innovationfundamerica.org/ 
Phone
(440) 366-4274
IRS details
EIN
46-1761848
Fiscal year end
July
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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