EIN 38-3903952

The Center for Advancing Innovation

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2012
Most recent tax filings
2023-12-01
Description
The Center for Advancing Innovation drives growth breakthroughs through novel paradigms and models, with a mission to accelerate innovation. The global health Innovation challenge is orchestrated by CAI, supported by Resonance Philanthropies and the US Economic Development Administration.
Total revenues
$309,563
2023
Total expenses
$752,351
2023
Total assets
$1,167,399
2023
Num. employees
6
2023

Program areas at The Center for Advancing Innovation

The global health Innovation challenge (ghic) is orchestrated by The Center for Advancing Innovation (cai) with support from resonance philanthropies of hte silcion valley community foundation and The united sates economic development administration (eda) build to scale (b2s) program. As with cai's prior challenges, teams will advance promising de-risked inventions selected with rigorous due diligence by potential investors and industry experts. Teams may also enter with their own commercially vialable improve children's mental health and pandemic resiliency, an expert judging panel will select a total of 15+ winners from The pool of teams, Advancing promising inventions.

Who funds The Center for Advancing Innovation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Sciences$300,000

Personnel at The Center for Advancing Innovation

NameTitleCompensation
Rosemarie TrumanFounder and Chief Executive Officer$0
Cody J. LockeChief Innovation Officer
F Patrick OstronicSecretary and Director$0

Financials for The Center for Advancing Innovation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$265,424
Investment income and dividends$44,139
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$309,563

Form 990s for The Center for Advancing Innovation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-05990View PDF
...and 7 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $300,000 from Silicon Valley Community Foundation (SVCF)
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $250,000 from Silicon Valley Community Foundation (SVCF)
Nonprofit Types
Research centersCharities
Issues
Science and technology
Characteristics
Conducts researchTax deductible donationsAccepts online donations
General information
Address
9508 Burning Tree Rd
Bethesda, MD 20817
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Montgomery County, MD
Website URL
centerforadvancinginnovation.com/ 
Phone
(202) 438-2208
IRS details
EIN
38-3903952
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U00: Science and Technology Research: General
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
Free account sign-up

Want updates when The Center for Advancing Innovation has new information, or want to find more organizations like The Center for Advancing Innovation?

Create free Cause IQ account