EIN 27-2310390

National Academy of Inventors

IRS 501(c) type
501(c)(3)
Num. employees
3
City
State
Year formed
2009
Most recent tax filings
2023-12-01
Description
National Academy of Inventors educates individuals to enhance their skills as inventors and promotes the benefits of innovation across various fields. The NAI annual meeting, held each spring, provides a platform for networking with renowned inventors from around the world and promotes entrepreneurship in technology. The board has established an NAI reserve to support members facing financial difficulties or retirement, including member institutions with budget restrictions and fellows who may not be able to continue membership.
Total revenues
$2,426,724
2023
Total expenses
$1,201,777
2023
Total assets
$4,845,169
2023
Num. employees
3
2023

Program areas at National Academy of Inventors

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.
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.
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.

Who funds National Academy of Inventors

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Genspiration FoundationGeneral Operational Expenses$77,100
Hsieh Family FoundationEntertainment Sponsorship for the Nai 11th Annual Meeting$30,000
The Michelson 20MM FoundationIntellectual Property Education/support$2,000
...and 1 more grant received

Personnel at National Academy of Inventors

NameTitleCompensation
Paul R SanbergPresident$0
Howard J. FederoffBoard Member$0
Sudeep SarkarTreasurer$0
Anna M Leese de Escobar$0
George NewkomeVice President$0
...and 2 more key personnel

Financials for National Academy of Inventors

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,150
Program services$2,000,500
Investment income and dividends$13,811
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$400,263
Total revenues$2,426,724

Form 990s for National Academy of Inventors

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-16990View PDF
2022-122023-09-08990View PDF
2021-122022-10-06990View PDF
2020-122021-09-14990View PDF
2019-122021-01-21990View PDF
...and 9 more Form 990s
Data update history
November 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 22, 2024
Received grants
Identified 1 new grant, including a grant for $77,100 from Genspiration Foundation
July 7, 2024
Used new vendors
Identified 1 new vendor, including
January 3, 2024
Received grants
Identified 1 new grant, including a grant for $30,000 from Hsieh Family Foundation
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $2,000 from The Michelson 20MM Foundation
Nonprofit Types
Professional associationsBusiness and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementBusiness and industry
Characteristics
MembershipsConducts researchState / local levelTax deductible donationsAccepts online donations
General information
Address
3702 Spectrum Blvd Rm
Tampa, FL 33612
Metro area
Tampa-St. Petersburg-Clearwater, FL
County
Hillsborough County, FL
Website URL
academyofinventors.org/ 
Phone
(813) 974-5862
IRS details
EIN
27-2310390
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U03: Science and Technology Professional Societies and Associations
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
California AB-488 details
AB 488 status
Not Operating or In Process of Dissolving
Charity Registration status
Withdrawn
FTB status revoked
Not revoked
AG Registration Number
CT0258453
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-06
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