Intellectual Property Owners Education Foundation
- Assets
- $990.3k
- Revenue
- $455.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 52-2250648
Organization Overview
Intellectual Property Owners Education Foundation, operating under the name Ipo Education Foundation Ipoef, is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (I02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ipo Education Foundation Ipoef 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 12/2023, Ipo Education Foundation Ipoef generated $455.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $593.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IPO EDUCATION FOUNDATION IS DEVOTED TO EDUCATIONAL AND CHARITABLE ACTIVITIES DESIGNED TO PROMOTE AN UNDERSTANDING AND RESPECT OF INTELLECTUAL PROPERTY AND ITS VALUE TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS DINNER: THE FOUNDATION AWARDS DINNER AWARDS DISTINGUISHED INVENTORS AS WELL AS DISTINGUISHED IP PROFESSIONALS. IN 2023, THE IPO EDUCATION FOUNDATION AWARDS DINNER EVENT RECOGNIZED HONOREES FOR THE FOLLOWING AWARDS: INVENTOR OF THE YEAR, IP CHAMPION, EXECUTIVE OF THE YEAR, AND THE INSPIRATION AWARD.
INVENTOR OF THE YEAR AWARD (DECEMBER 6, 2023) THE FOUNDATION GIVES AN ANNUAL AWARD TO THE MOST OUTSTANDING INVENTOR OF A RECENT, PATENTED INVENTION THAT EXEMPLIFIES MODERN INGENUITY. THE PURPOSE OF THE AWARD IS TO EDUCATE THE PUBLIC ABOUT INVENTORS AND PATENTS, AND HOW INVENTIONS BENEFIT THE ECONOMY AND QUALITY OF LIFE. NOMINEES ARE SOLICITED FROM INDUSTRY, GOVERNMENT, INDEPENDENT INVENTORS, ACADEMIA, AND OTHER SOURCES IN ALL FIELDS OF TECHNOLOGY. THE WINNER IS SELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. THE 2023 AWARD WAS GIVEN AT AN AWARDS CEREMONY ON DECEMBER 6 AND INCLUDES A PLAQUE AND TRIBUTE VIDEO. THE FOUNDATION ANNOUNCES WINNERS IN ADVANCE OF THE AWARDS CEREMONY AND DURING THE REMAINDER OF THE YEAR TO INCREASE PUBLIC AWARENESS OF RECENT INVENTORS. IP CHAMPION AWARD (DECEMBER 6, 2023) THE FOUNDATION PRESENTS THE IP CHAMPION AWARD TO AN INDIVIDUAL WHO HAS SHOWN EXTRAORDINARY LEADERSHIP IN ADVOCATING FOR THE VALUE OF INTELLECTUAL PROPERTY TO STIMULATE THE PROGRESS OF INNOVATION. THE WINNER IS SELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. THE 2023 AWARD WAS GIVEN AT AN AWARDS CEREMONY DECEMBER 6 AND INCLUDES A PLAQUE AND TRIBUTE VIDEO.EXECUTIVE OF THE YEAR AWARD (DECEMBER 6, 2023) THE FOUNDATION PRESENTS THE EXECUTIVE OF THE YEAR AWARD TO AN EXECUTIVE WITHIN A COMPANY WHO IS COMMITTED TO THE CREATION, PROMOTION AND PROTECTION OF INTELLECTUAL PROPERTY. THE WINNER IS SELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. THE 2023 AWARD WAS GIVEN AT AN AWARDS CEREMONY DECEMBER 6 AND INCLUDES A PLAQUE AND TRIBUTE VIDEO. INSPIRATION AWARD (DECEMBER 6, 2023) THE FOUNDATION BOARD HONORS AN INSPIRATION AWARD WHICH RECOGNIZES INDIVIDUALS WHO HAVE MADE A SIGNIFICANT CONTRIBUTION BY PROMOTING OR CHAMPIONING IP RIGHTS FOR, OR ON BEHALF OF, MEMBERS OF UNDERREPRESENTED COMMUNITIES. THE WINNER IS SELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. THE 2023 AWARD WAS GIVEN AT AN AWARDS CEREMONY DECEMBER 6 AND INCLUDES A PLAQUE AND TRIBUTE VIDEO.
PUBLIC RELATIONS AND DIGITAL MEDIA CAMPAIGN (ONGOING)IN 2017 THE FOUNDATION RETAINED THE PUBLIC RELATIONS FIRM WEBER SHANDWICK TO HELP DEVELOP KEY MESSAGES AND FACILITATE A PROGRAM TO EDUCATE MEMBERS OF THE MEDIA ON THE VALUE OF INTELLECTUAL PROPERTY. THE PARTNERSHIP WITH WEBER SHANDWICK EXPIRED IN 2018 HOWEVER IPO STAFF CONTINUES TO PROMOTE THE VALUE OF INTELLECTUAL PROPERTY TO THE MEDIA THROUGH PRINT (I.E. INVENTORS DIGEST IN 2021 & 2022) AND DIGITAL MEDIA (I.E. SOCIAL MEDIA PLATFORMS AND IPOEF WEBPAGE).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Deberardine President (until 6/23) | OfficerTrustee | 1 | $0 |
Phyllis Turner-Brim Vice President | OfficerTrustee | 1 | $0 |
Buckmaster DE Wolf Treasurer (until 12/23) | OfficerTrustee | 1 | $0 |
Erika Arner Director | Trustee | 1 | $0 |
Scott Barker Director | Trustee | 1 | $0 |
John J Cheek Director | 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 | $170,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,931 |
| Total Program Service Revenue | $275,482 |
| Investment income | $7,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,000 |
| Payroll taxes | $7,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,994 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,340 |
| Office expenses | $7,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $314,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $593,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,555 |
| Savings and temporary cash investments | $249,662 |
| Pledges and grants receivable | $57,982 |
| Accounts receivable, net | $12,955 |
| 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 | $7,859 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $354,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,328 |
| Accounts payable and accrued expenses | $70,380 |
| 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 | $68,176 |
| Total liabilities | $138,556 |
| Net assets without donor restrictions | $851,772 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $990,328 |