Innovo Foundation
- Assets
- $6.8m
- Revenue
- $138.0k
- Investments
- $6.5m
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 03/2006
- Data as of
- 12/2022
- 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 12/2022, Innovo Foundation generated $138.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Innovo Foundation has awarded 222 individual grants totaling $2,942,114. 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
2022
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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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 | $0 |
| Dividends & Interest | $92,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $58,695 |
| Capital Gain Net Income | $58,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,792 |
| Total Revenue | $138,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $71 |
| Taxes | $6,863 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,283 |
| Total operating and administrative expenses | $157,972 |
| Contributions, gifts, grants paid | $950,053 |
| Total expenses and disbursements | $1,108,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $258,889 |
| 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 | $3,501,312 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,750,953 |
| 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 $950,053 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ERA COLORADO PURPOSE: YOUTH CIVIC ENGAGEMENT | $10,000 |
COLORADO DEMOCRACY NETWORK PURPOSE: EDUCATIONAL | $500 |
NEO PHILANTHROPY PURPOSE: PHILANTHROPY/CONNECTION | $25,000 |
350 COLORADO PURPOSE: ENVIRONMENTAL | $5,000 |
THE ALLIANCE CENTER PURPOSE: ENVIRONMENTAL IMPACT | $1,000 |
ACCESS FUND PURPOSE: CONSERVATION/ENVIRONMENT | $5,000 |