EIN 45-1225075

The Chicago Innovation Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
2011
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Chicago Innovation Foundation is a private foundation that primarily funds to empower and support all women, provides resources to inventors in navigating the complex invention process to create marketable products, and enhance the quality. The Foundation's purpose is contributions to other public charities. Grantees include Chicago Inventors Organization and others. The Foundation made three grants last year.
Total revenues
$897,080
2023
Total expenses
$1,043,170
2023
Total assets
$161,459
2023
Num. employees
1
2023

Program areas at The Chicago Innovation Foundation

Contributions to other public charities

Grants made by The Chicago Innovation Foundation

GranteeGrant descriptionAmount
Chicago INVENTORS OrganizationProvides Resources To Inventors in Navigating the Complex Invention Process To Create Marketable Products$5,103
The Village ChicagoEnhance the Quality of Life and Enriching the Experience of Aging in Our Communities$5,000
Chicago Help InitiativeProviding Access To Food, Health Services, Shelter and Employment for Disadvantaged Citizens of Chicago$1,000

Who funds The Chicago Innovation Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Endowment FoundationPhilanthropy$43,000
The Lumpkin Family FoundationCharitable$40,000
CME Group FoundationIllinois Student Invention Convention$25,000
...and 7 more grants received

Personnel at The Chicago Innovation Foundation

NameTitleCompensation
Luke TanenExecutive Director$108,777
Thomas KuczmarskiCPA$0

Financials for The Chicago Innovation Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$897,080
Investment income and dividends$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$897,080

Form 990s for The Chicago Innovation Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990PFView PDF
2022-122023-11-15990PFView PDF
2021-122022-05-12990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-06-11990PFView PDF
...and 8 more Form 990s
Data update history
January 3, 2025
Received grants
Identified 3 new grant, including a grant for $43,000 from American Endowment Foundation
July 13, 2024
Received grants
Identified 3 new grant, including a grant for $25,000 from Bolhous Foundation for Women and Girls
January 5, 2024
Posted financials
Added Form 990PF for fiscal year 2022
October 25, 2023
Received grants
Identified 5 new grant, including a grant for $34,000 from American Endowment Foundation
August 13, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Women and girls
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
2001 N Halsted St 201
Chicago, IL 60614
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Phone
(312) 988-1539
IRS details
EIN
45-1225075
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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