Innovo Foundation
- Assets
- $7.7m
- Revenue
- $874.9k
- Investments
- $7.2m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-2982900
Organization Overview
Innovo Foundation is located in Boulder, CO. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Innovo Foundation generated $874.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $774.1k during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Innovo Foundation has awarded 185 individual grants totaling $1,992,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE THIS IS A NON-OPERATING FOUNDATION, IT DOES NOT ENGAGE IN ANY ACTIVITIES THAT ARE DIRECTLY RELATED TO THE ACCOMPLISHMENT OF ITS EXEMPT PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mosberger Director | 1 | $0 | |
Ning Mosberger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $230 |
| Dividends & Interest | $146,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $744,144 |
| Capital Gain Net Income | $744,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$15,976 |
| Total Revenue | $874,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $396 |
| Taxes | $71,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,103 |
| Total operating and administrative expenses | $136,107 |
| Contributions, gifts, grants paid | $638,000 |
| Total expenses and disbursements | $774,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $517,136 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,884,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,720,939 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Innovo Foundation has awarded $638,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: ENVIRONMENTAL | $150,000 |
Boulder, CO PURPOSE: CONSERVATION/ENVIRONMENT | $110,000 |
NATIONAL REDISTRICTING FOUNDATION PURPOSE: SOCIAL RIGHTS | $100,000 |
TIDES CENTER PURPOSE: EQUALITY AND HUMAN RIGHTS; SUSTAINABLE ENVIRONMENT; HEALTHY INDIVIDUALS AND COMMUNITIES; ANDQUALITY EDUCATION | $60,000 |
MARCH ON PURPOSE: VOTER EDUCATION AND REGISTRATION, FREEDOM OF ASSOCIATION AND EXPRESSION, SOCIAL RIGHTS, ANTIDISCRIMINATION | $50,000 |
SECOND HARVEST FOOD BANK PURPOSE: HEALTH, NUTRITION, BASIC AND EMERGENCY AID, FOOD BANKS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |