Oregon Innovation Foundation
- Assets
- $1.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 20-0072527
Organization Overview
Oregon Innovation Foundation is located in Portland, OR. The organization was established in 2003. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Innovation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IGNITE AND AMPLIFY A CULTURE OF CREATIVE PROBLEM SOLVING AND EMPOWER THE NEXT GENERATION OF INNOVATORS TO MEET SOME OF THE BIGGEST CHALLENGES FACING OUR STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS OTHER SUPPORT PROGRAMS INCLUDING FISCAL SPONSORSHIP OF THE EUGENETCH, BITFOREST AND PIXELARTS PROGRAMS THAT FURTHERED THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwayne Johnson Chairman | OfficerTrustee | 16 | $0 |
Wendy Morgan Secretary | OfficerTrustee | 2 | $0 |
Mike White Treasurer | OfficerTrustee | 2 | $0 |
Wilf Penfold Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $49 |
| Office expenses | $43 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,708 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,500 |
| Total liabilities | $21,500 |
| Net assets without donor restrictions | -$19,792 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Great School Of Natural Science Sloughhouse, CA | $0 | $57 |
Collaborative For Leadership In Ayres Sensory Integration Redondo Beach, CA | $1,484,802 | $1,230,414 |
Community Science Workshop Network Chowchilla, CA | $227,444 | $705,547 |
Headwaters Science Institute Soda Springs, CA | $481,578 | $771,556 |
Security Bsides Las Vegas Inc Las Vegas, NV | $164,061 | $501,903 |
Cultural Heritage Imaging San Francisco, CA | $98,011 | $346,912 |
Friends Of Fast Glendale, CA | $6,796 | $0 |
Third Place Technologies Seattle, WA | $13,521 | $53,393 |
Apkarian Foundation Irvine, CA | $1,107 | $31,000 |
Cinegrid Oakland, CA | $30,213 | $0 |
Oregon Innovation Foundation Portland, OR | $1,708 | $0 |