American Idea Foundation Inc
- Assets
- $10.3m
- Revenue
- $2.8m
- Investments
- $1.4m
- Employees
- 7
- Location
- Janesville, WI
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 83-3365782
Organization Overview
American Idea Foundation Inc is located in Janesville, WI. The organization was established in 2019. According to its NTEE Classification (R19) the organization is classified as: Support N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, American Idea Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Idea Foundation Inc 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, American Idea Foundation Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
TO PROMOTE POLICIES AND PEOPLE WHO BELIEVE THE CIRCUMSTANCES OF YOUR BIRTH SHOULD NOT DETERMINE THE OUTCOME OF YOUR LIFE AND WORK TO EDUCATE POLICYMAKERS AS WELL AS CONNECT PRACTITIONERS WITH ELECTED OFFICIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN AMERICA, THE CIRCUMSTANCES OF YOUR BIRTH SHOULD NOT DETERMINE THE OUTCOME OF YOUR LIFE. THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING THE POLICIES AND PEOPLE WHO EVERY DAY GIVE MEANING TO THIS CONVICTION. THE FOUNDATION WORKS AT THE INTERSECTION OF GRASSROOTS, COMMUNITY-DRIVEN EFFORTS TO EXPAND OPPORTUNITY AND NATIONAL POLICYMAKERS WHO CAN IMPLEMENT CHANGE. THE FOUNDATION TAKES AN EVIDENCE-BASED APPROACH TO IDENTIFYING REAL-WORLD INITIATIVES THAT ARE ACHIEVING RESULTS, ARMING POLICYMAKERS WITH THE INFORMATION THEY NEED TO IMPROVE THE EFFORTS OF THE FEDERAL GOVERNMENT, AND LINKING PRACTITIONERS WITH ELECTED OFFICIALS TO REPLICATE THOSE SUCCESS STORIES IN OTHER COMMUNITIES IN NEED. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO EXPANDING THE ADOPTION AND USE OF EVIDENCE-BASED PUBLIC POLICIES TO IMPROVE OUTCOMES AND EXPAND ECONOMIC OPPORTUNITIES. THE FOUNDATION HAS PROMOTED EFFORTS TO INCREASE THE SCOPE OF EVIDENCE BASED PUBLIC POLICIES VIA IN-PERSON EVENTS, VIRTUAL GATHERINGS, AND WRITTEN PRODUCTS. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO SHINING A LIGHT ON IDEAS SOLUTIONS THAT FIGHT POVERTY, PROMOTE UPWARD MOBILITY, AND GROW THE ECONOMY. THE FOUNDATION HAS DONE THIS BY UTILIZING SPEAKER PAUL RYAN'S PUBLIC PROFILE TO ENSURE THAT THE LAWS THAT WERE THE HALLMARK OF HIS CAREER ARE PROPERLY IMPLEMENTED AND EXECUTED. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO WORKING WITH ACADEMIC PARTNERS AND RESEARCHERS TO ENSURE THAT COMMUNITY-BASED GROUPS' INITIATIVES AND SUCCESSES ARE VALIDATED BY DATA AND EMPIRICAL EVIDENCE. IT BRINGS POLICYMAKERS AND STAKEHOLDERS TO LOCAL ORGANIZATIONS AND EXPLAINS FIRST-HAND WHY THESE PROGRAMS ARE ACHIEVING RESULTS, WHAT EVIDENCE VALIDATES THEIR SUCCESS, AND HOW THESE SOLUTIONS CAN BE SCALED AND REPLICATED IN OTHER PARTS OF THE COUNTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Speth Executive Director | OfficerTrustee | 40 | $276,000 |
Kevin Seifert Vice President/senior Advisor | OfficerTrustee | 40 | $181,650 |
Edward Mccann Vice President Of Policy & Programs | Officer | 40 | $151,375 |
Patricia Guse Secretary/dir. Of Operations | OfficerTrustee | 40 | $78,715 |
Susan Jacobson Treasurer/dir. Of Administration | OfficerTrustee | 25 | $27,244 |
Paul Ryan President | OfficerTrustee | 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 | $2,439,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,439,506 |
| Total Program Service Revenue | $0 |
| Investment income | $154,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,471 |
| 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. | $777,584 |
| Compensation of current officers, directors, key employees. | $241,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,897 |
| Pension plan accruals and contributions | $22,084 |
| Other employee benefits | $61 |
| Payroll taxes | $53,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,232 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15 |
| Fees for services: Other | $150,164 |
| Advertising and promotion | $15,128 |
| Office expenses | $4,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,252 |
| Travel | $5,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,377 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,087 |
| All other expenses | $11,567 |
| Total functional expenses | $1,205,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,111 |
| Savings and temporary cash investments | $420,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $110,000 |
| Investments—publicly traded securities | $7,673,720 |
| Investments—other securities | $1,402,987 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,348,955 |
| Accounts payable and accrued expenses | $63,883 |
| 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 | $63,883 |
| Net assets without donor restrictions | $10,285,072 |
| 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 | $10,348,955 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Idea Foundation Inc has recieved totaling $335,100.
| Awarding Organization | Amount |
|---|---|
C And A Johnson Family Foundation Palm Beach, FL PURPOSE: CHARITABLE SUPPORT | $125,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $100,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $50,100 |
Nextgen Chamber Of Commerce Foundation Washington, DC PURPOSE: IDENTIFY & EDUCATE RELIGIOUS, SOCIAL GROUPS & BUSINESSES ABOUT THE VALUE OF THE EITC AND CTC | $50,000 |
Satter Foundation Chicago, IL PURPOSE: PROMOTING HUMAN RIGHTS & DEMOCRACY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fix The System - Wisconsin Inc Middleton, WI | $496,797 | $3,653,480 |
American Idea Foundation Inc Janesville, WI | $10,348,955 | $2,815,471 |
1848 Project Inc Cedarburg, WI | $149,064 | $392,574 |
Wisconsin Progress Inc Milwaukee, WI | $106,456 | $386,542 |
Churches United Of The Quad City Area Bettendorf, IA | $2,103,181 | $391,816 |
Out Center Benton Harbor, MI | $93,113 | $215,699 |
Fund For Equal Justice Inc Detroit, MI | $17,317 | $0 |
North West Michigan Fishing Club Kalkaska, MI | $10,162 | $0 |
Fullersburg Neighbors Organization Geneva, IL | $6,745 | $0 |