Innovation Ohio Education Fund
- Assets
- $79.3k
- Revenue
- $908.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Columbus, OH
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 27-4562105
Organization Overview
Innovation Ohio Education Fund is located in Columbus, OH. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Innovation Ohio Education Fund employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Ohio Education Fund 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, Innovation Ohio Education Fund generated $908.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $511.5k during the year ending 12/2021. While expenses have increased by 17.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INNOVATION OHIO EDUCATION FUND WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO, PROVIDING THE GENERAL PUBLIC WITH INFORMATION ABOUT PUBLIC POLICY CHOICES IMPACTING OHIOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE ORGANIZATION ACTED AS A FISCAL SPONSOR AND RECEIVED RELATED ADMINISTRATIVE FEES FOR THE OHIO MAYORS ALLIANCE FOUNDATION, A TAX EXEMPT ORGANIZATION WHOSE MISSION IS COMPATIBLE WITH THE MISSION OF INNOVATION OHIO EDUCATION FUND.
INNOVATION OHIO EDUCATION FUND PROVIDED EDUCATIONAL LECTURES AND BRIEFINGS TO POLICY MAKERS, COMMUNITY LEADERS AND THE GENERAL PUBLIC ON POLICY ISSUES INCLUDING EDUCATION POLICY, ECONOMIC POLICY AND DEMOCRACY REFORM.
THE ORGANIZATION PROVIDED ADMINISTRATIVE AND CONSULTING SUPPORT SERVICES TO THE OHIO MAYORS ALLIANCE, A 501(C)(4) ORGANIZATION WHOSE MISSION IS COMPATIBLE WITH THE MISSION OF INNOVATION OHIO EDUCATION FUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Desiree Tims CEO | Officer | 20 | $127,797 |
Keary Mccarthy CEO | Officer | 0 | $11,146 |
Colleen Craig Secretary | Officer | 0 | $2,008 |
Janetta King President Treasurer | Officer | 1 | $0 |
Jay Goyal Board Member | Trustee | 1 | $0 |
Brewster Rhoads Board Member | Trustee | 1 | $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 | $871,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,347 |
| Total Program Service Revenue | $21,350 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,000 |
| 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. | $49,298 |
| Compensation of current officers, directors, key employees. | $16,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,521 |
| Payroll taxes | $14,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,037 |
| Advertising and promotion | $34,580 |
| Office expenses | $4,437 |
| Information technology | $12,328 |
| Royalties | $0 |
| Occupancy | $3,135 |
| Travel | $872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | -$2,538 |
| All other expenses | $50 |
| Total functional expenses | $511,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,600 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $57,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,922 |
| Total assets | $79,253 |
| Accounts payable and accrued expenses | $15,895 |
| 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 | $0 |
| Total liabilities | $15,895 |
| Net assets without donor restrictions | $0 |
| 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 | $63,358 |
| Total liabilities and net assets/fund balances | $79,253 |
Grants Awarded
Over the last fiscal year, Innovation Ohio Education Fund has awarded $424,842 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Gahanna, OH PURPOSE: Fiscal Sponsor | $201,921 |
Gahanna, OH PURPOSE: Fiscal Sponsor | $201,921 |
Columbus, OH PURPOSE: Fiscal Sponsor | $10,500 |
Columbus, OH PURPOSE: Fiscal Sponsor | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Innovation Ohio Education Fund has recieved totaling $405,005.
| Awarding Organization | Amount |
|---|---|
Ohio Progressive Collaborative Education Fund Columbus, OH PURPOSE: Communications capacity building | $300,000 |
Ohio State Bar Foundation Columbus, OH PURPOSE: GENERAL SUPPORT. | $50,000 |
Joyce Foundation Chicago, IL PURPOSE: EDUCATION & ECONOMIC MOBILITY | $50,000 |
Lebowitz-Aberly Family Foundation Boston, MA PURPOSE: GENERAL FUND | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |