Civic Intelligence

Innovation Fund America Inc.

990 • Fiscal year 2022 • EIN 46-1761848

Aug 01, 2021 to Jul 31, 2022 • Filed on Jun 14, 2023

Organization ProfileINNOVATIONFUNDAMERICA.ORG
1005 North Abbe Road Cc220Elyria, OH 44035

(440) 366-4274

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

15.58x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

131.11x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-1652%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

99th percentile

3104%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$210,364

Up $203,799 (+3104%) from 2021

Net Assets

Down

-$3,067,404

Down $388,061 (-14%) from 2021

Liabilities

Up

$3,277,768

Up $591,860 (+22%) from 2021

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$25,000

Up $25,000 from 2021

Expenses

Down

$438,061

Down $473,752 (-52%) from 2021

Net Income

Up

-$413,061

Up $498,752 (+55%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2013: $1Liabilities 2013: $02013Assets 2014: $239,815Liabilities 2014: $67,000Net Assets 2014: $172,8152014Assets 2015: $231,231Liabilities 2015: $11,221Net Assets 2015: $220,0102015Assets 2016: $175,136Liabilities 2016: $98,293Net Assets 2016: $76,8432016Assets 2017: $17,324Liabilities 2017: $6,011Net Assets 2017: $11,3132017Assets 2018: $15,102Liabilities 2018: $19,3082018Assets 2019: $583,650Liabilities 2019: $1,389,956Net Assets 2019: -$806,3062019Assets 2020: $236,691Liabilities 2020: $2,104,221Net Assets 2020: -$1,867,5302020Assets 2021: $6,565Liabilities 2021: $2,685,908Net Assets 2021: -$2,679,3432021Assets 2022: $210,364Liabilities 2022: $3,277,768Net Assets 2022: -$3,067,4042022Assets 2023: $51,629Liabilities 2023: $4,941,571Net Assets 2023: -$4,889,9422023Assets 2024: $1,921Liabilities 2024: $5,638,929Net Assets 2024: -$5,637,0082024

Highlighted filing

2022

Assets$210,364
Liabilities$3,277,768
Net Assets-$3,067,404
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $475,000Expenses 2014: $302,185Net Income 2014: $172,8152014Revenue 2015: $305,200Expenses 2015: $258,005Net Income 2015: $47,1952015Revenue 2016: $90,726Expenses 2016: $233,893Net Income 2016: -$143,1672016Revenue 2017: $43,126Expenses 2017: $19,858Net Income 2017: $23,2682017Revenue 2018: $25,090Expenses 2018: $40,609Net Income 2018: -$15,5192018Revenue 2019: $0Expenses 2019: $802,100Net Income 2019: -$802,1002019Revenue 2020: $0Expenses 2020: $1,061,224Net Income 2020: -$1,061,2242020Revenue 2021: $0Expenses 2021: $911,813Net Income 2021: -$911,8132021Revenue 2022: $25,000Expenses 2022: $438,061Net Income 2022: -$413,0612022Revenue 2023: $25,000Expenses 2023: $1,847,538Net Income 2023: -$1,822,5382023Revenue 2024: $75,113Expenses 2024: $822,179Net Income 2024: -$747,0662024

Highlighted filing

2022

Revenue$25,000
Expenses$438,061
Net Income-$413,061
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jun 14, 2023
Return Version
2021v4.2
Gross Receipts
$25,000
Mission and Program Overview

Mission

Innovation fund america is a nonprofit partnering with community colleges to accelerate the growth of technology startups through early-stage funding and education.

Partnering with community colleges to accelerate the growth of technology startups through early-stage funding and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,565$210,364▲ $203,799
Total Assets$6,565$210,364▲ $203,799
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,653,721$3,153,721▲ $500,000
Accounts Payable and Accrued Expenses$32,187$124,047▲ $91,860
Total Liabilities$2,685,908$3,277,768▲ $591,860
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,679,343$-3,067,404▼ $388,061
Total Net Assets Fund Balance$-2,679,343$-3,067,404▼ $388,061
Total Liabilities and Net Assets / Fund Balance$6,565$210,364▲ $203,799
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Dr Roy a ChurchPresident & Chair
Dr Marcia J BallingerVice President
Dennis CoccoDirector
Jim WalbornDirector
Jon VolpeDirector
Tracy GreenDirector
Julie StrazzoSecretary
Joseph MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$25,000
Change in Net Assets
$-413,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$325,000
Other Expenses$99,235
Salaries, Compensation, and Employee Benefits$13,826
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,000--$325,000
Interest$53,331--$53,331
Fees for Services Accounting$23,550--$23,550
Fees for Services Legal$13,929--$13,929
Other Salaries and Wages$12,582$1,244-$13,826
Information Technology$4,588--$4,588
Insurance$1,897--$1,897
Other Expenses$360--$360
Conferences and Meetings$160--$160
Total Functional Expenses$436,817$1,244$0$438,061
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Time2talk IncCleveland, OH-Start-up Funding$100,000
WHAT'S NEXT ED CORPORATIONAvon Lake, OH-Start-up Funding$100,000
Zcath Manufacturing IncCuyahoga Falls, OH-Start-up Funding$100,000
Baru IncElyria, OH-Start-up Funding$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Review of form 990 - the organization's professional staff and management reviewed form 990 before it was filed.”

Form 990, Part VI, Section B, Line 12C

“Monitoring and enforcement of conflict policy - annually, the board of directors is required to review and sign the oath of office contract that addresses the conflict of interest policy. When a conflict arises, the person is not permitted to participate in the discussion of the proposed transaction or to vote on the matter. The decision about the transaction is made by persons who are independent of the individual with the conflict.”

Form 990, Part VI, Section C, Line 19

“Availability of documents - the organization makes its governing documents, conflict policy, and reviewed financial statements available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Innovation Fund America Inc
EIN
46-1761848
Phone
4403664274
Address
1005 NORTH ABBE ROAD CC220, ELYRIA, OH 44035

Signing Officer

Name
Tracy Green
Title
Director
Phone
4403664274
Signed
2023-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Roy a Church
Formed
2012
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVE SUITE 700, CLEVELAND, OH 44114-2540
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Fund replenishment rights received 25,000.”

Financial Statement Notes

PART X, LINE 2:

“Fin 48/asc 740 footnote - income taxes: ifa is exempt from income taxes under section 501(c)(3) as a non-governmental non-profit entity under provisions of the internal revenue code. Ifa has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170 of the internal revenue code. Ifa believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. As of july 31, 2022, ifa's income tax years from 2018 and thereafter remain subject to examination by the internal revenue service, as well as various state and local taxing authorities.”

Raw XML Appendix390 raw XML fields

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/Desc0INNOVATION FUND AMERICA INC. ("IFA INC.") ASPIRES TO DEVELOP AND ADMINISTER ACTIVITIES AND PROGRAMS DESIGNED TO EDUCATE STUDENTS AND ENTREPRENEURS, COMBAT COMMUNITY DETERIORATION, RELIEVE POVERTY, AND LESSEN THE BURDENS OF THE GOVERNMENT THROUGH STIMULATING ECONOMIC DEVELOPMENT IN SELECT COMMUNITIES ACROSS THE UNITED STATES ("IFA COMMUNITIES"). IT ACCOMPLISHES THIS THROUGH CREATING AN ENTREPRENEURIAL CLIMATE THAT FOSTERS, CREATES AND EXPANDS EMPLOYMENT OPPORTUNITIES IN THOSE COMMUNITIES THROUGH THE RECRUITMENT AND EDUCATION OF ORGANIZATIONS AND ENTREPRENEURS WORKING WITH RELATED ENTERPRISES WITHIN THOSE COMMUNITIES. IFA INC. PROVIDES ASSISTANCE IN THE FUNDING OF AND UNDERTAKING ACTIVITIES WHICH WILL LESSEN THE BURDENS OF GOVERNMENT IN RELATION TO THE DEVELOPMENT OF ENTREPRENEURIAL ENTERPRISES IN IFA COMMUNITIES IN CONJUNCTION WITH PRIVATE AND PUBLIC INVESTMENTS AND CONTRIBUTIONS BY PHILANTHROPIC ORGANIZATIONS AND FEDERAL, STATE, AND LOCAL GOVERNMENTS. IFA INC. PROVIDES APPROPRIATE COUNSEL OR ASSISTANCE IN ADVISORY SERVICES WHICH WILL PROMOTE AND NURTURE THE FORMATION AND DEVELOPMENT OF ENTREPRENEURIAL BUSINESSES AND CAPACITY IN IFA COMMUNITIES AND PROMOTING THE WELFARE OF IFA COMMUNITIES BY SERVING AS A NATIONAL LEADER FOR INNOVATION, EDUCATION, AND TRAINING IN ENTREPRENEURIAL BUSINESS.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48/ASC 740 FOOTNOTE - INCOME TAXES: IFA IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) AS A NON-GOVERNMENTAL NON-PROFIT ENTITY UNDER PROVISIONS OF THE INTERNAL REVENUE CODE. IFA HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 OF THE INTERNAL REVENUE CODE. IFA BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AS OF JULY 31, 2022, IFA'S INCOME TAX YEARS FROM 2018 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, AS WELL AS VARIOUS STATE AND LOCAL TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/CashGrantAmt2100000
IRS990ScheduleI/RecipientTable/CashGrantAmt3100000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0START-UP FUNDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1START-UP FUNDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2START-UP FUNDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3START-UP FUNDING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BARU INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ZCATH MANUFACTURING INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TIME2TALK INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3WHAT'S NEXT ED CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0834635462
IRS990ScheduleI/RecipientTable/RecipientEIN1814083297
IRS990ScheduleI/RecipientTable/RecipientEIN2842780021
IRS990ScheduleI/RecipientTable/RecipientEIN3852007636
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0345 E BRIDGE ST 1443
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12271 CROSS CREEK TRAIL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21201 STARKWEATHER AVE UNIT D
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt332334 LEGACY POINTE PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ELYRIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CUYAHOGA FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CLEVELAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm3AVON LAKE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044035
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd144223
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd244113
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd344012
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0INNOVATION FUND AMERICA INC. ("IFA INC.") ENSURES THAT ITS FUNDS ARE USED FOR INTENDED PURPOSES BY REQUIRING APPLICANTS TO SUBMIT AN APPLICATION WHICH FULLY DESCRIBES THE PROJECT THAT WILL BE FUNDED. IFA INC. REGULARLY CHECKS WITH THE RECIPIENTS TO ASSESS THEIR PROGRESS AND TO OBTAIN ASSURANCES THE FUNDS HAVE BEEN USED IN THE MANNER DESCRIBED IN THEIR APPLICATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF FORM 990 - THE ORGANIZATION'S PROFESSIONAL STAFF AND MANAGEMENT REVIEWED FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORING AND ENFORCEMENT OF CONFLICT POLICY - ANNUALLY, THE BOARD OF DIRECTORS IS REQUIRED TO REVIEW AND SIGN THE OATH OF OFFICE CONTRACT THAT ADDRESSES THE CONFLICT OF INTEREST POLICY. WHEN A CONFLICT ARISES, THE PERSON IS NOT PERMITTED TO PARTICIPATE IN THE DISCUSSION OF THE PROPOSED TRANSACTION OR TO VOTE ON THE MATTER. THE DECISION ABOUT THE TRANSACTION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL WITH THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABILITY OF DOCUMENTS - THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT POLICY, AND REVIEWED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUND REPLENISHMENT RIGHTS RECEIVED 25,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06565
IRS990/TotalAssetsEOYAmt0210364
IRS990/TotalAssetsGrp/BOYAmt06565
IRS990/TotalAssetsGrp/EOYAmt0210364
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt025000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01244
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0436817
IRS990/TotalFunctionalExpensesGrp/TotalAmt0438061
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02685908
IRS990/TotalLiabilitiesEOYAmt03277768
IRS990/TotalLiabilitiesGrp/BOYAmt02685908
IRS990/TotalLiabilitiesGrp/EOYAmt03277768
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2679343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3067404
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0436817
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06565
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0210364
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01005 N ABBE RD
IRS990/USAddress/CityNm0ELYRIA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044035
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0INNOVATIONFUNDAMERICA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRACY GREEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04403664274
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION FUND AMERICA INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0461761848
ReturnHeader/Filer/PhoneNum04403664274
ReturnHeader/Filer/USAddress/AddressLine1Txt01005 NORTH ABBE ROAD CC220
ReturnHeader/Filer/USAddress/CityNm0ELYRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044035
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0340677006
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MALONEY NOVOTNY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 SUPERIOR AVE SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CLEVELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0441142540
ReturnHeader/PreparerPersonGrp/PhoneNum02163630100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER B ANDERSON
ReturnHeader/ReturnTs02023-06-14T15:09:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRACY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GREEN
ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$210,364
Liabilities
$3,277,768
Net assets
-$3,067,404
Revenue
$25,000
Expenses
$438,061
Net income
-$413,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$5.64$5.64$0.08$0.82$0.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$4.94$4.89$0.03$1.85$1.82
2022Detailed filing. Detailed filing data is available for this year.$0.21$3.28$3.07$0.03$0.44$0.41
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$2.69$2.68$0.00$0.91$0.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$2.10$1.87$0.00$1.06$1.06
2019Summary only. Only limited summary data is available for this year.$0.58$1.39$0.81$0.00$0.80$0.80
2018Summary only. Only limited summary data is available for this year.$0.02$0.02$0.03$0.04$0.02
2017Summary only. Only limited summary data is available for this year.$0.02$0.01$0.01$0.04$0.02$0.02
2016Summary only. Only limited summary data is available for this year.$0.18$0.10$0.08$0.09$0.23$0.14
2015Summary only. Only limited summary data is available for this year.$0.23$0.01$0.22$0.31$0.26$0.05
2014Summary only. Only limited summary data is available for this year.$0.24$0.07$0.17$0.48$0.30$0.17
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00