Information Technology Andinnovation Foundation

Organization Overview

Information Technology Andinnovation Foundation, operating under the name Itif, is located in Washington, DC. The organization was established in 2007. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 02/2023, Itif employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itif 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 02/2023, Itif generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $7.5m during the year ending 02/2023. While expenses have increased by 10.6% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ITIF IS A NON-PARTISAN RESEARCH AND EDUCATIONAL INSTITUTE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ITIF IS A NONPARTISAN RESEARCH AND EDUCATIONAL INSTITUTE - A THINK TANK - WHOSE MISSION IS TO FORMULATE, EVALUATE, AND PROMOTE POLICY SOLUTIONS THAT ACCELERATE INNOVATION AND BOOST PRODUCTIVITY TO SPUR GROWTH, OPPORTUNITY, AND PROGRESS. ITIF FOCUSES ON A HOST OF CRITICAL ISSUES AT THE INTERSECTION OF TECHNOLOGICAL INNOVATION AND PUBLIC POLICY - INCLUDING IN THE AREAS OF INNOVATION AND COMPETITIVENESS; INFORMATION TECHNOLOGY AND DATA; TELECOMMUNICATIONS; TRADE AND GLOBALIZATION; AND LIFE SCIENCES, AGRICULTURAL BIOTECHNOLOGY, AND CLEAN ENERGY.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Atkinson
President
$614,781
Phil English
Co-Chair
$0
Susan Davis
Co-Chair
$0
Bill Andresen
Director
$0
Don Baer
Director
$0
Bill Bonvillian
Director
$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$7,276,878
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,276,878
Total Program Service Revenue$116,977
Investment income $162,270
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 $7,572,049

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