Overview
What is The Innovation Foundation Inc?
The Innovation Foundation Inc, established in Chicago, Illinois, is a nonprofit organization with a mission to promote and encourage the sharing of ideas, inspire action, and ignite change, aiming to positively impact the world. This is achieved through Chicago Ideas Week, an annual event that brings together esteemed speakers to present their innovative ideas and foster the innovations of tomorrow. Due to the COVID-19 pandemic, these activities are currently conducted virtually. The Innovation Foundation was founded to institutionalize the non-profit activities of Chicago Ideas Week, serving as a philanthropic force to contribute positively to Chicago's educational and intellectual community, with a workforce of 6 dedicated individuals.
Official website here: www.chicagoideas.com
Is The Innovation Foundation Inc legitimate?
The Innovation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Innovation Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $189,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chicagoideas.com
What is the mission statement of The Innovation Foundation Inc?
The Innovation Foundation Inc was established with the purpose of institutionalizing the non-profit activities of Chicago Ideas Week. One of its programs aims to create a positive impact on Chicago's educational and intellectual community through philanthropic means. The foundation's mission is centered around promoting and encouraging the sharing of ideas, inspiring action, and igniting change to positively impact the world. This is achieved through an annual event known as Chicago Ideas Week, which invites renowned speakers to present their ideas and inspire innovations for tomorrow at various sessions across the city. Due to the COVID-19 pandemic, the program's services are now exclusively held virtually.
Official website here: www.chicagoideas.com
What is the revenue of The Innovation Foundation Inc?
The Innovation Foundation Inc's revenue in 2023 was $296,566.
Official website here: www.chicagoideas.com
Who are the executives of The Innovation Foundation Inc and what are their salaries?
The average compensation at The Innovation Foundation Inc during 2023 was $189,033. There is 1 employee at The Innovation Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $189,033
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chicagoideas.com
Where can I find the form 990 for The Innovation Foundation Inc?
The Innovation Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chicagoideas.com
Learn more at the official website: www.chicagoideas.com
Mission Statement of The Innovation Foundation Inc
The Innovation Foundation, established with the purpose of institutionalizing the non-profit activities of Chicago Ideas Week, has a mission to philanthropically create a positive impact on Chicago's educational and intellectual community. It achieves this goal through one program, which annually hosts Chicago Ideas Week. This event brings together renowned speakers from around the world to share their ideas, inspire innovation, and catalyze change, aiming to positively impact the world. Due to the COVID-19 pandemic, these program services are currently being held exclusively online.
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Impact
October, 2024
The Innovation Foundation Inc significantly influences the educational and intellectual landscape of Chicago through its initiatives centered around Chicago Ideas Week. By bringing together exceptional speakers and thought leaders, the foundation fosters an environment where ideas can be shared, discussions can be sparked, and innovative solutions can emerge. Each year, Chicago Ideas Week serves as a platform for inspiration and action, encouraging participants to engage with diverse perspectives and form connections that can lead to meaningful change.
The foundation's commitment to promoting the exchange of ideas is especially critical in the context of the COVID-19 pandemic, as it transitions to virtual formats to continue its mission. This adaptability ensures that the impact of its programs remains strong, making knowledge and inspiration accessible to a wider audience. Through its efforts, The Innovation Foundation Inc strengthens the community's intellectual fabric, encouraging a culture of creativity and collaboration that has the potential to positively affect society as a whole.
This information is meant to be a general summary of The Innovation Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $296,566
Assets and Liabilities:
- Total Assets: $214,991
- Total Liabilities: $2,089
- Net Assets: $212,902
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Organization Details
Founding Year
2010
Principal Officer
Bradley A Keywell
Website
www.chicagoideas.comNTEE Category
Code: B90 - Education
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