Liabilities / Assets
9th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 27-2310390 • 501(c)3 • Tampa, FL
Profile
The academy of inventors is 100% deevoted to instructing individuals in an effort to improve skills as inventors and instructing the public as to the benefits of innovation. The sublect matter of the education encompasses essentially the entire fields of applied science with a focus on transformative technology and academic innovation.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
9th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
10th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
88th percentile
Higher net margin than 88% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Assets
Up$6,591,336
Up $1,746,167 (+36%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$6,591,336
Up $1,746,167 (+36%) from 2023
Revenue
Up$3,652,522
Up $1,225,798 (+51%) from 2023
Expenses
Up$1,906,245
Up $704,468 (+59%) from 2023
Net Income
Up$1,746,277
Up $521,330 (+43%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The academy of inventors is 100% deevoted to instructing individuals in an effort to improve skills as inventors and instructing the public as to the benefits of innovation. The sublect matter of the education encompasses essentially the entire fields of applied science with a focus on transformative technology and academic innovation.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $4,661,434 | $5,359,519 | ▲ $698,085 |
| Cash and Non-Interest-Bearing Accounts | $145,554 | $1,064,369 | ▲ $918,815 |
| Accounts Receivable | - | $59,300 | - |
| Prepaid Expenses and Deferred Charges | $38,181 | $1,762 | ▼ $36,419 |
| Total Assets | $4,845,169 | $6,591,336 | ▲ $1,746,167 |
| Other Assets Total | - | $106,386 | - |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,845,169 | $6,591,336 | ▲ $1,746,167 |
| Total Net Assets Fund Balance | $4,845,169 | $6,591,336 | ▲ $1,746,167 |
| Total Liabilities and Net Assets / Fund Balance | $4,845,169 | $6,591,336 | ▲ $1,746,167 |
| Name | Title |
|---|---|
| Paul R Sanberg | President |
| Cato T Laurencin Md Ph D | Director |
| Dr Sudeep Sarkar | Director |
| Karen J L Burg | Director |
| Robert V Duncan | Director |
| Pierre Comizzoli Phd Dvm | Direcor |
| Anna M Leese De Escobar | Ex Officio |
| Elizabeth Dougherty | Ex Officio |
| Paul Rosenthal | Ex Officio |
| Kenneth Blank | Treasurer |
| Dr Howard J Federoff | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,280,382 |
| Salaries, Compensation, and Employee Benefits | $625,863 |
| Total Fundraising Expense | $24,060 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $625,863 | - | - | $625,863 |
| Fees for Services Other | - | $263,923 | - | $263,923 |
| All Other Expenses | $53,981 | $22,386 | - | $76,367 |
| Other Expenses | $49,870 | $24,060 | $24,060 | $48,120 |
| Office Expenses | - | $18,717 | - | $18,717 |
| Conferences and Meetings | $15,452 | - | - | $15,452 |
| Fees for Services Management | - | $9,765 | - | $9,765 |
| Fees for Services Accounting | - | $7,625 | - | $7,625 |
| Insurance | - | $6,676 | - | $6,676 |
| Advertising | - | $6,203 | - | $6,203 |
| Total Functional Expenses | $1,522,830 | $359,355 | $24,060 | $1,906,245 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“No review was or will be conducted.”
“No documents available to the public”
“The academy of inventors is 100% deevoted to instructing individuals in an effort to improve skills as inventors and instructing the public as to the benefits of innovation. The sublect matter of the education encompasses essentially the entire fields of applied science with a focus on transformative technology and academic innovation.”
“In 2015 he university of south florida employed individuals that were used solely for administration task of the nai”
“Grant for fees: the board has elected to fund an nai reserve for supporting memebers in hardship and retirement. This also includes member institutions who might have budget restrictions and to support support our fellows who may be unable to continue membership due to the fact that they retired and or income has changed.”
“Bank service charges 0 1,011 0 conference expenses 0 206,826 0 credit card fees 0 38,411 0 professional fees 0 17,675 0 total 0 263,923 0”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/MissionDesc | 0 | THE ACADEMY OF INVENTORS IS 100% DEEVOTED TO INSTRUCTING INDIVIDUALS IN AN EFFORT TO IMPROVE SKILLS AS INVENTORS AND INSTRUCTING THE PUBLIC AS TO THE BENEFITS OF INNOVATION. THE SUBLECT MATTER OF THE EDUCATION ENCOMPASSES ESSENTIALLY THE ENTIRE FIELDS OF APPLIED SCIENCE WITH A FOCUS ON TRANSFORMATIVE TECHNOLOGY AND ACADEMIC INNOVATION. |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 690719 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 490800 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 323588 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 102460 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | NAI ANNUAL MEETING THE NAI ANNUAL MEETING IS HELD EACH SPRING AND FEATURES STIMULATING PRESENTATIONS AND NETWORLING WITH RENOWNED INVENTORS FROM ACCROSS THE US AND AROUND THE WORLD. THE MEETING SERVES AS AN ARENA WHERE INNOVATION AND ENTREPRESNEIRSHIP IN THE ACADEMIC WORLD, LEADING LOCAL AND NATIONAL ECONOMIC DEVELOPMENT IS RECOGNIZED, HONOURED AND CULTIVATED. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | BRICK AND MORTAR IS IS ESTIMATED TO BUILD A PHYSICAL OFFICE BUILDING IN AN OFFSITE LOCATION FOR THE FOUNDATION. THE BOARD HAS CHOSEN TO ASSIGN 100,000 PER YEAR TO THIS FUND UNTIL BUILDING PLANS ETC CAN COMMENCE. |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | GRANT FOR FEES: THE BOARD HAS ELECTED TO FUND AN NAI RESERVE FOR SUPPORTING MEMEBERS IN HARDSHIP AND RETIREMENT. THIS ALSO INCLUDES MEMBER INSTITUTIONS WHO MIGHT HAVE BUDGET RESTRICTIONS AND TO SUPPORT SUPPORT OUR FELLOWS WHO MAY BE UNABLE TO CONTINUE MEMBERSHIP DUE TO THE FACT THAT THEY RETIRED AND OR INCOME HAS CHANGED. |
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| IRS990/ReportOtherLiabilitiesInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ACADEMY OF INVENTORS IS 100% DEEVOTED TO INSTRUCTING INDIVIDUALS IN AN EFFORT TO IMPROVE SKILLS AS INVENTORS AND INSTRUCTING THE PUBLIC AS TO THE BENEFITS OF INNOVATION. THE SUBLECT MATTER OF THE EDUCATION ENCOMPASSES ESSENTIALLY THE ENTIRE FIELDS OF APPLIED SCIENCE WITH A FOCUS ON TRANSFORMATIVE TECHNOLOGY AND ACADEMIC INNOVATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IN 2015 HE UNIVERSITY OF SOUTH FLORIDA EMPLOYED INDIVIDUALS THAT WERE USED SOLELY FOR ADMINISTRATION TASK OF THE NAI |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | GRANT FOR FEES: THE BOARD HAS ELECTED TO FUND AN NAI RESERVE FOR SUPPORTING MEMEBERS IN HARDSHIP AND RETIREMENT. THIS ALSO INCLUDES MEMBER INSTITUTIONS WHO MIGHT HAVE BUDGET RESTRICTIONS AND TO SUPPORT SUPPORT OUR FELLOWS WHO MAY BE UNABLE TO CONTINUE MEMBERSHIP DUE TO THE FACT THAT THEY RETIRED AND OR INCOME HAS CHANGED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO REVIEW WAS OR WILL BE CONDUCTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BANK SERVICE CHARGES 0 1,011 0 CONFERENCE EXPENSES 0 206,826 0 CREDIT CARD FEES 0 38,411 0 PROFESSIONAL FEES 0 17,675 0 TOTAL 0 263,923 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PAUL R SANBERG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-17 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BSK FINANCIAL SERVICES INC |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LUTZ |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BERNARD R SKERKOWSKI |
| ReturnHeader/ReturnTs | 0 | 2025-10-17T12:51:29-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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