Liabilities / Assets
46th percentile
Higher debt load relative to assets than 46% of similar nonprofits.
990 • Fiscal year 2014 • EIN 52-2250648
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
46th percentile
Higher debt load relative to assets than 46% of similar nonprofits.
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
98th percentile
Higher top officer pay than 98% of similar nonprofits.
Top officer pay equals 113.3% of source-year revenue.
Asset Growth
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Assets
Up$1,192,381
Up $112,918 (+10%) from 2013
Net Assets
Up$1,090,917
Up $119,378 (+12%) from 2013
Liabilities
Down$101,464
Down $6,460 (-6.0%) from 2013
Revenue
Up$453,809
Up $110,467 (+32%) from 2013
Expenses
Up$323,703
Up $89,203 (+38%) from 2013
Net Income
Up$130,106
Up $21,264 (+20%) from 2013
To broaden public understanding of systems for the development andprotection of intellectual property.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $718,564 | $602,523 | ▼ $116,041 |
| Investments in Publicly Traded Securities | - | $255,188 | - |
| Savings and Temporary Cash Investments | $249,504 | $249,532 | ▲ $28 |
| Pledges and Grants Receivable | $50,200 | $25,000 | ▼ $25,200 |
| Prepaid Expenses and Deferred Charges | $23,467 | $18,714 | ▼ $4,753 |
| Accounts Receivable | $5,000 | $10,884 | ▲ $5,884 |
| Total Assets | $1,079,463 | $1,192,381 | ▲ $112,918 |
| Other Assets Total | $32,728 | $30,540 | ▼ $2,188 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $107,924 | $96,464 | ▼ $11,460 |
| Deferred Revenue | - | $5,000 | - |
| Total Liabilities | $107,924 | $101,464 | ▼ $6,460 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $971,539 | $1,090,917 | ▲ $119,378 |
| Total Net Assets Fund Balance | $971,539 | $1,090,917 | ▲ $119,378 |
| Total Liabilities and Net Assets / Fund Balance | $1,079,463 | $1,192,381 | ▲ $112,918 |
| Name | Title |
|---|---|
| Louis Foreman | President |
| Jessica Landacre | Deputy Executive Director |
| Bart Eppenauer | Director |
| Curtis Rose | Director |
| David Kappos | Director |
| Douglas Norman | Director |
| Gary Michelson | Director |
| Harry Gwinnell | Director |
| Hon Paul Michel | Director |
| Jon Wood | Director |
| Manny Schecter | Director |
| Marc Adler | Director |
| Michael Walker | Director |
| Philip Johnson | Director |
| Steven Miller | Director |
| Herbert Wamsley | Executive Director/secreta |
| Kevin Rhodes | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $323,703 |
| Total Fundraising Expense | $5,000 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | $318,703 | - | $5,000 | $323,703 |
| Total Functional Expenses | $318,703 | $0 | $5,000 | $323,703 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Whenever a vacancy shall occur in the board of directors, the board of directors of intellectual property owners education foundation may, by majority vote of those present and voting, elect a person to fill the unexpired portion of the term. The board of directors of intellectual property owners education foundation may also, by majority vote of those present and voting, elect additional persons to the board up to the limit on number of board members established.”
“Ipo foundation's practice is to document all board meetings; there is no other body of authority to act on their behalf.”
“Intellectual property owners association's finance manager reviews the return with the director of operations and finance of ipo. The director of operations and finance then reviews it with the foundation secretary prior to signing of document in full detail. A copy of the tax return is provided to the governing body before filing with irs.”
“An interested person shall be obligated to disclose the existence of any actual or possible financial interest involving a transaction (and all material facts relating thereto) to a member of the board of directors in the event that (i) such interested person is aware of any actual or possible financial interest involving a transaction, and (ii) such interested person causes or influences (or intends to cause or influence) the expenditure or utilization of ipoef resources with respect to such transaction. After disclosure of the existence of the financial interest and all material facts related thereto, and after any discussion with the interested person, the board of directors shall discuss such transaction or arrangement and such financial interest outside the presence of the interested person. The interested person shall be required to abstain from any required vote taken with respect to such proposed transaction. An interested person may make a presentation at any meeting of the board of directors but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction involving the possible financial conflict of interest.”
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“The organization's income tax returns are subject to review and examination by federal and state authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. The organization is aware of activities that are subject to tax on unrelated business income and excise taxes and it believes all such activities are properly reported in its tax returns. The tax returns for the fiscal years ended 2011 through 2013 are open to examination by federal and state authorities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 107924 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 96464 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 5000 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 10884 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO BROADEN PUBLIC UNDERSTANDING OF SYSTEMS FOR THE DEVELOPMENT ANDPROTECTION OF INTELLECTUAL PROPERTY. |
| IRS990/AllOtherContributionsAmt | 0 | 210116 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | SUSAN LUSK |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2025074500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1501 M STREET NW 1150 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WASHINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 200051700 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 718564 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 602523 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/FundraisingAmt | 0 | 5000 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 318703 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 323703 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 210116 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6968 |
| IRS990/CYOtherExpensesAmt | 0 | 323703 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 236725 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 130106 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 323703 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 5000 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 453809 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 5000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | AWARDS DINNERAWARDS ARE GIVEN TO DISTINGUISHED INVENTORS AND A DISTINGUISHED IP PROFESSIONAL. THE INVENTOR OF THE YEAR AWARD RECOGNIZES AMERICA'S MOST OUTSTANDING RECENT INVENTORS AND INCREASES PUBLIC AWARENESS OF CURRENT INVENTORS AND HOW THEY BENEFIT THE NATION'S ECONOMY AND QUALITY OF LIFE. THE DISTINGUISHED IP PROFESSIONAL AWARD IS GIVEN TO AN INDIVIDUAL WHO HAS DEMONSTRATED EXTRAORDINARY LEADERSHIP IN THE INTELLECTUAL PROPERTY COMMUNITY AND A LIFETIME COMMITMENT TO INVENTION AND INNOVATION. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 200480 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 31.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 18.80 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 6.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 16 | 18.80 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 14 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 45159 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 16 | 45223 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MICHAEL WALKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KEVIN RHODES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARC ADLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | BART EPPENAUER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | LOUIS FOREMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | HARRY GWINNELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | PHILIP JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID KAPPOS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | HON PAUL MICHEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | GARY MICHELSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | STEVEN MILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DOUGLAS NORMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | MANNY SCHECTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | JON WOOD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | CURTIS ROSE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | HERBERT WAMSLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 16 | JESSICA LANDACRE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 469000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 234617 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | EXECUTIVE DIRECTOR/SECRETA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | DEPUTY EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1989 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 453809 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6968 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6968 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 255188 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | DC |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO BROADEN PUBLIC UNDERSTANDING OF SYSTEMS FOR THE DEVELOPMENT ANDPROTECTION OF INTELLECTUAL PROPERTY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 971539 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1090917 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -10728 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 32728 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 30540 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 50200 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 25000 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 23467 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 18714 |
| IRS990/PrincipalOfficerNm | 0 | HERBERT C WAMSLEY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 541900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | CONFERENCES AND MEETIN |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 236725 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 236725 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ANNUAL CONFERENCE ON PATENT AND TRADEMARK OFFICE LAW AND PRACTICE (PTO DAY)-IPO AND THE FOUNDATION HAVE COSPONSORED "PTO DAY" WITH THE U.S. PATENT AND TRADEMARK OFFICE SINCE 1989. THE CONFERENCE PROVIDES A PROFESSIONAL FORUM FOR DISCUSSIONS BETWEEN PTO EXAMINERS AND PRACTITIONERS, AND EDUCATION ON CURRENT ISSUES. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 73433 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 97475 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | IP VIDEO CONTEST-A VIDEO CONTEST TO EDUCATE TEENS AND THE PUBLIC AT LARGE ABOUT HOW THE PATENT SYSTEM PROTECTS INVENTORS AND PROMOTES PROGRESS. CONTESTANTS IN THREE AGE CATEGORIES (THIRTEEN TO FIFTEEN YEARS-OLD; SIXTEEN TO EIGHTEEN YEARS-OLD; NINETEEN AND OVER) WERE INVITED TO ILLUSTRATE IN AN ORIGINAL VIDEO SIXTY TO NINETY SECONDS IN LENGTH WHY THEY BELIEVE THE PATENT SYSTEM IS IMPORTANT. WINNERS RECEIVED CASH PRIZES OR SCHOLARSHIPS RANGING FROM $1,500 TO $5,000. THE CONTEST WEBSITE FEATURES A PROMOTIONAL VIDEO TO EDUCATE VIEWERS ABOUT THE PATENT SYSTEM AND HOW IT FOSTERS INNOVATION: WWW.IPVIDEOCONTEST.COM. THE FOUNDATION ENCOURAGES CONTESTANTS TO CONSIDER HOW INVENTORS PLAY A CRITICAL ROLE IN GROWING THE ECONOMY AND IMPROVING THE GENERAL WELL BEING OF INDIVIDUALS AND SOCIETIES. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 34164 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 15000 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | SPIRIT OF INNOVATION CHALLENGE GRANT-IPOEF PARTNERED WITH THE CONRAD FOUNDATION'S SPIRIT OF INNOVATION CHALLENGE BY AWARDING A FINALIST TEAM WITH A GRANT TO OBTAIN A PATENT. THE COMPETITION CHALLENGES HIGH SCHOOL STUDENTS TO USE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH SKILLS TO DEVELOP COMMERCIALLY VIABLE, TECHNOLOGY-BASED PRODUCTS THAT ADDRESS REAL WORLD CHALLENGES. 2014 WINNERS CREATED THE SOS-PAD, A SUPER ABSORBENT AND REUSABLE OIL SPONGE FOR OCEAN OIL SPILL REMEDIATION. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS AWARE OF ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME AND EXCISE TAXES AND IT BELIEVES ALL SUCH ACTIVITIES ARE PROPERLY REPORTED IN ITS TAX RETURNS. THE TAX RETURNS FOR THE FISCAL YEARS ENDED 2011 THROUGH 2013 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | HERBERT WAMSLEY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | JESSICA LANDACRE |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR/SECRETA |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | DEPUTY EXECUTIVE DIRECTOR |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THE INTELLECTUAL PROPERTY OWNERS ASSOCIATION ESTABLISHES THE COMPENSATION FOR THE CEO/EXECUTIVE DIRECTOR AND UTILIZES THE FOLLOWING FOR ESTABLISHING COMPENSATION: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY BOARD OR COMPENSATION COMMITTEE |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 3 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | WHENEVER A VACANCY SHALL OCCUR IN THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS OF INTELLECTUAL PROPERTY OWNERS EDUCATION FOUNDATION MAY, BY MAJORITY VOTE OF THOSE PRESENT AND VOTING, ELECT A PERSON TO FILL THE UNEXPIRED PORTION OF THE TERM. THE BOARD OF DIRECTORS OF INTELLECTUAL PROPERTY OWNERS EDUCATION FOUNDATION MAY ALSO, BY MAJORITY VOTE OF THOSE PRESENT AND VOTING, ELECT ADDITIONAL PERSONS TO THE BOARD UP TO THE LIMIT ON NUMBER OF BOARD MEMBERS ESTABLISHED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IPO FOUNDATION'S PRACTICE IS TO DOCUMENT ALL BOARD MEETINGS; THERE IS NO OTHER BODY OF AUTHORITY TO ACT ON THEIR BEHALF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INTELLECTUAL PROPERTY OWNERS ASSOCIATION'S FINANCE MANAGER REVIEWS THE RETURN WITH THE DIRECTOR OF OPERATIONS AND FINANCE OF IPO. THE DIRECTOR OF OPERATIONS AND FINANCE THEN REVIEWS IT WITH THE FOUNDATION SECRETARY PRIOR TO SIGNING OF DOCUMENT IN FULL DETAIL. A COPY OF THE TAX RETURN IS PROVIDED TO THE GOVERNING BODY BEFORE FILING WITH IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | AN INTERESTED PERSON SHALL BE OBLIGATED TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POSSIBLE FINANCIAL INTEREST INVOLVING A TRANSACTION (AND ALL MATERIAL FACTS RELATING THERETO) TO A MEMBER OF THE BOARD OF DIRECTORS IN THE EVENT THAT (I) SUCH INTERESTED PERSON IS AWARE OF ANY ACTUAL OR POSSIBLE FINANCIAL INTEREST INVOLVING A TRANSACTION, AND (II) SUCH INTERESTED PERSON CAUSES OR INFLUENCES (OR INTENDS TO CAUSE OR INFLUENCE) THE EXPENDITURE OR UTILIZATION OF IPOEF RESOURCES WITH RESPECT TO SUCH TRANSACTION. AFTER DISCLOSURE OF THE EXISTENCE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATED THERETO, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE BOARD OF DIRECTORS SHALL DISCUSS SUCH TRANSACTION OR ARRANGEMENT AND SUCH FINANCIAL INTEREST OUTSIDE THE PRESENCE OF THE INTERESTED PERSON. THE INTERESTED PERSON SHALL BE REQUIRED TO ABSTAIN FROM ANY REQUIRED VOTE TAKEN WITH RESPECT TO SUCH PROPOSED TRANSACTION. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT ANY MEETING OF THE BOARD OF DIRECTORS BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION INVOLVING THE POSSIBLE FINANCIAL CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
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