Foundation For Innovation And Discovery Inc
- Assets
- $57.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vienna, VA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-3137799
Organization Overview
Foundation For Innovation And Discovery Inc is located in Vienna, VA. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Innovation And Discovery Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Foundation For Innovation And Discovery Inc generated $81.0k 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 (6.7%) each year. All expenses for the organization totaled $115.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FACILITATE DIALOGUE BETWEEN TECHNOLOGISTS AND EDUCATE DECISION MAKERS TO NURTURE A COMMUNITY OF INTEREST AROUND INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Rockefeller Director | 0.25 | $0 | |
Louis Tucker Director | 0.5 | $0 | |
Gene Keselman Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $81,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $92,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $257 |
| Other expenses | $22,563 |
| Total expenses | $115,170 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,916 |
| Other assets | $0 |
| Total assets | $57,916 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,916 |
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