Civic Intelligence

The Innovation Foundation Inc

EIN 80-0633175 • 501(c)3 • Chicago, IL

Profile

The innovation foundation was formed to institutionalize the non-profit activities of chicago ideas week. One program with the goal of philanthropically creating a positive impact on the educational and intellectual community of chicago.

1130 W MonroeChicago, IL 60607

www.cttfuture.com; www.chicagoideas.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

97th percentile

$50,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 848.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

21st percentile

-38%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$125,581

Down $75,836 (-38%) from 2023

Liabilities

Up

$3,889

Up $1,576 (+68%) from 2023

Net Assets

Down

$121,692

Down $77,412 (-39%) from 2023

Operations
Liabilities / Revenue69th percentileNet Margin22nd percentile

Revenue

Up

$345,070

Up $48,504 (+16%) from 2023

Expenses

Up

$422,629

Up $112,265 (+36%) from 2023

Net Income

Down

-$77,559

Down $63,761 (-462%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $855,903Liabilities 2011: $344,493Net Assets 2011: $511,4102011Assets 2012: $891,170Liabilities 2012: $149,094Net Assets 2012: $742,0762012Assets 2013: $764,310Liabilities 2013: $136,087Net Assets 2013: $628,2232013Assets 2014: $875,696Liabilities 2014: $165,268Net Assets 2014: $710,4282014Assets 2015: $1,351,090Liabilities 2015: $187,732Net Assets 2015: $1,163,3582015Assets 2016: $2,937,048Liabilities 2016: $158,743Net Assets 2016: $2,778,3052016Assets 2017: $1,680,706Liabilities 2017: $202,880Net Assets 2017: $1,477,8262017Assets 2018: $1,717,749Liabilities 2018: $239,595Net Assets 2018: $1,478,1542018Assets 2019: $1,582,291Liabilities 2019: $184,359Net Assets 2019: $1,397,9322019Assets 2020: $651,354Liabilities 2020: $63,508Net Assets 2020: $587,8462020Assets 2021: $167,573Liabilities 2021: $5,055Net Assets 2021: $162,5182021Assets 2022: $214,991Liabilities 2022: $2,089Net Assets 2022: $212,9022022Assets 2023: $201,417Liabilities 2023: $2,313Net Assets 2023: $199,1042023Assets 2024: $125,581Liabilities 2024: $3,889Net Assets 2024: $121,6922024

Highlighted filing

2024

Assets$125,581
Liabilities$3,889
Net Assets$121,692
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,891,970Expenses 2011: $2,372,231Net Income 2011: $519,7392011Revenue 2012: $3,333,647Expenses 2012: $3,102,981Net Income 2012: $230,6662012Revenue 2013: $3,174,393Expenses 2013: $2,875,378Net Income 2013: $299,0152013Revenue 2014: $3,513,492Expenses 2014: $3,431,287Net Income 2014: $82,2052014Revenue 2015: $3,805,083Expenses 2015: $3,486,953Net Income 2015: $318,1302015Revenue 2016: $5,089,403Expenses 2016: $3,845,847Net Income 2016: $1,243,5562016Revenue 2017: $2,724,803Expenses 2017: $4,031,980Net Income 2017: -$1,307,1772017Revenue 2018: $3,671,842Expenses 2018: $3,854,747Net Income 2018: -$182,9052018Revenue 2019: $3,585,958Expenses 2019: $3,886,257Net Income 2019: -$300,2992019Revenue 2020: $787,864Expenses 2020: $1,630,435Net Income 2020: -$842,5712020Revenue 2021: $5,893Expenses 2021: $431,221Net Income 2021: -$425,3282021Revenue 2022: $313,158Expenses 2022: $262,329Net Income 2022: $50,8292022Revenue 2023: $296,566Expenses 2023: $310,364Net Income 2023: -$13,7982023Revenue 2024: $345,070Expenses 2024: $422,629Net Income 2024: -$77,5592024

Highlighted filing

2024

Revenue$345,070
Expenses$422,629
Net Income-$77,559
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$125,581
Liabilities
$3,889
Net assets
$121,692
Revenue
$345,070
Expenses
$422,629
Net income
-$77,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.12$0.35$0.42$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.00$0.20$0.30$0.31$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.31$0.26$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.01$0.43$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.06$0.59$0.79$1.63$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.18$1.40$3.59$3.89$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.24$1.48$3.67$3.85$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.20$1.48$2.72$4.03$1.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.16$2.78$5.09$3.85$1.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.19$1.16$3.81$3.49$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.17$0.71$3.51$3.43$0.08
2013Summary only. Only limited summary data is available for this year.$0.76$0.14$0.63$3.17$2.88$0.30
2012Summary only. Only limited summary data is available for this year.$0.89$0.15$0.74$3.33$3.10$0.23
2011Summary only. Only limited summary data is available for this year.$0.86$0.34$0.51$2.89$2.37$0.52
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 15, 2023
Return Version
2022v5.0
Gross Receipts
$313,158
Mission and Program Overview

Mission

The innovation foundation was formed to institutionalize the non-profit activities of chicago ideas week. One program with the goal of philanthropically creating a positive impact on the educational and intellectual community of chicago.

The innovation foundation was formed to institutionalize the non-profit activities of chicago ideas week.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$6,189$108,152▲ $101,963
Land, Buildings, and Equipment, Net$72,111$73,550▲ $1,439
Cash and Non-Interest-Bearing Accounts$88,828$33,289▼ $55,539
Accounts Receivable$445$0▼ $445
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$167,573$214,991▲ $47,418
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,055$2,089▼ $2,966
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,055$2,089▼ $2,966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$162,518$212,902▲ $50,384
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$162,518$212,902▲ $50,384
Total Liabilities and Net Assets / Fund Balance$167,573$214,991▲ $47,418

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$73,550$1,016,625$1,090,175
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleBaseTotal
Scott SmithDirector$75,375$75,375

Board Members and Trustees

NameTitle
Bradley a KeywellChairman
Kim KeywellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$312,108
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,050
All Other Contributions
$228,668
Change in Net Assets
$50,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,370
Other Expenses$76,959
Total Fundraising Expense$42,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$70,261$7,186$22,356$99,803
Current Officers, Directors, Trustees, and Key Employees$53,064$5,427$16,884$75,375
Fees for Services Other$45,474--$45,474
Payroll Taxes$7,175$734$2,283$10,192
Insurance-$9,341-$9,341
Office Expenses$293$8,789-$9,082
Advertising$5,639--$5,639
Travel$912$2,625$1,334$4,871
Other Expenses$452--$452
Fees for Services Legal-$300-$300
Total Functional Expenses$185,070$34,402$42,857$262,329
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B Line 11B

“The 990 is reviewed by the board and made available for review to the executive director of the organization. Any issues based on the review process are discussed and addressed with an outside accounting firm before being signed.”

Part VI, Section B, Line 15B

“All compensation is reviewed and discussed with top management, and review of comparable roles outside the organization is completed in order to determine fair and competitive compensation for roles needed.”

Part VI, Section B, Line 12C

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted.”

Part VI, Section C, Line 19

“All reports are available online and by request. Additionally, the organization posts financial information on guidestar.”

Filing and Contact Details

Filer

Filer Name
The Innovation Foundation Inc
EIN
80-0633175
In Care Of
% BRADLEY A KEYWELL
Phone
3133802399
Address
1130 W Monroe, Chicago, IL 60607

Signing Officer

Name
Bradley Keywell
Title
Director
Phone
3122763200
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley a Keywell
Formed
2010
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
6
Volunteers
0

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Kate Czaja
Phone
8472055000
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:consulting total fees:45474”

Raw XML AppendixShowing 400 of 417 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05055
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02089
IRS990/AccountsReceivableGrp/BOYAmt0445
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE INNOVATION FOUNDATION WAS FORMED TO INSTITUTIONALIZE THE NON-PROFIT ACTIVITIES OF CHICAGO IDEAS WEEK.
IRS990/AdvertisingGrp/ProgramServicesAmt05639
IRS990/AdvertisingGrp/TotalAmt05639
IRS990/AllOtherContributionsAmt0228668
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0BRADLEY A KEYWELL
IRS990/BooksInCareOfDetail/PhoneNum03122763200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01130 W MONROE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060607
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt088828
IRS990/CashNonInterestBearingGrp/EOYAmt033289
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt016884
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05427
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt053064
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt075375
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0312108
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt076959
IRS990/CYOtherRevenueAmt01050
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt050829
IRS990/CYSalariesCompEmpBnftPaidAmt0185370
IRS990/CYTotalExpensesAmt0262329
IRS990/CYTotalFundraisingExpenseAmt042857
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0313158
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0CHICAGO IDEAS WEEK'S MISSION IS TO PROMOTE AND ENCOURAGE SHARING IDEAS, INSPIRING ACTION, AND IGNITING CHANGE TO POSITIVELY IMPACT THE WORLD. THE PROGRAM ANNUALLY HOSTS CHICAGO IDEAS WEEK WHICH BRINGS TOGETHER SOME OF THE WORLD'S MOST OUTSTANDING SPEAKERS TO PRESENT THEIR IDEAS AND INSPIRE THE INNOVATIONS OF TOMORROW AT VARIOUS SESSIONS ACROSS THE CITY OF CHICAGO. DUE TO THE COVID-19 PANDEMIC, PROGRAM SERVICES ARE EXCLUSIVELY HELD VIRTUALLY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0185070
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0300
IRS990/FeesForServicesLegalGrp/TotalAmt0300
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt045474
IRS990/FeesForServicesOtherGrp/TotalAmt045474
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm1BRADLEY A KEYWELL
IRS990/Form990PartVIISectionAGrp/PersonNm2KIM KEYWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt075375
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt083440
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0313158
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt09341
IRS990/InsuranceGrp/TotalAmt09341
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01016625
IRS990/LandBldgEquipBasisNetGrp/BOYAmt072111
IRS990/LandBldgEquipBasisNetGrp/EOYAmt073550
IRS990/LandBldgEquipCostOrOtherBssAmt01090175
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0THE INNOVATION FOUNDATION WAS FORMED TO INSTITUTIONALIZE THE NON-PROFIT ACTIVITIES OF CHICAGO IDEAS WEEK. ONE PROGRAM WITH THE GOAL OF PHILANTHROPICALLY CREATING A POSITIVE IMPACT ON THE EDUCATIONAL AND INTELLECTUAL COMMUNITY OF CHICAGO.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0162518
IRS990/NetAssetsOrFundBalancesEOYAmt0212902
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0162518
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0212902
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08789
IRS990/OfficeExpensesGrp/ProgramServicesAmt0293
IRS990/OfficeExpensesGrp/TotalAmt09082
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1DESIGN, AUDIO, VIDEO
IRS990/OtherExpensesGrp/ProgramServicesAmt01800
IRS990/OtherExpensesGrp/ProgramServicesAmt1452
IRS990/OtherExpensesGrp/TotalAmt01800
IRS990/OtherExpensesGrp/TotalAmt1452
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01050
IRS990/OtherRevenueTotalAmt01050
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022356
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07186
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070261
IRS990/OtherSalariesAndWagesGrp/TotalAmt099803
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02283
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0734
IRS990/PayrollTaxesGrp/ProgramServicesAmt07175
IRS990/PayrollTaxesGrp/TotalAmt010192
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06189
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108152
IRS990/PrincipalOfficerNm0BRADLEY A KEYWELL
IRS990/PriorPeriodAdjustmentsAmt0-445
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0682
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0179150
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05211
IRS990/PYRevenuesLessExpensesAmt0-425328
IRS990/PYSalariesCompEmpBnftPaidAmt0252071
IRS990/PYTotalExpensesAmt0431221
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05893
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt050829
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0228668
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0682243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03049500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02884610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06845703
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0419720
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62718
IRS990ScheduleA/PublicSupportPY170Pct00.48482
IRS990ScheduleA/PublicSupportTotal170Amt04293494
IRS990ScheduleA/SubstantialContributorsTotAmt02552209
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0228668
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0682243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03049500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02884610
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06845703
IRS990ScheduleA/TotalSupportAmt06845703
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt073550
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01016625
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01090175
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073550
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE BOARD AND MADE AVAILABLE FOR REVIEW TO THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. ANY ISSUES BASED ON THE REVIEW PROCESS ARE DISCUSSED AND ADDRESSED WITH AN OUTSIDE ACCOUNTING FIRM BEFORE BEING SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL COMPENSATION IS REVIEWED AND DISCUSSED WITH TOP MANAGEMENT, AND REVIEW OF COMPARABLE ROLES OUTSIDE THE ORGANIZATION IS COMPLETED IN ORDER TO DETERMINE FAIR AND COMPETITIVE COMPENSATION FOR ROLES NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL REPORTS ARE AVAILABLE ONLINE AND BY REQUEST. ADDITIONALLY, THE ORGANIZATION POSTS FINANCIAL INFORMATION ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING TOTAL FEES:45474
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section B Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0167573
IRS990/TotalAssetsEOYAmt0214991
IRS990/TotalAssetsGrp/BOYAmt0167573
IRS990/TotalAssetsGrp/EOYAmt0214991
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0312108
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042857
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034402
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185070
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262329
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05055
IRS990/TotalLiabilitiesEOYAmt02089
IRS990/TotalLiabilitiesGrp/BOYAmt05055
IRS990/TotalLiabilitiesGrp/EOYAmt02089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0162518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0212902
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0185070
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt075375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0313158
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0167573
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0214991
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01334
IRS990/TravelGrp/ManagementAndGeneralAmt02625
IRS990/TravelGrp/ProgramServicesAmt0912
IRS990/TravelGrp/TotalAmt04871
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01130 W MONROE STREET
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060607
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.cttfuture.com; www.chicagoideas.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Bradley Keywell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03122763200
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Innovation Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0800633175
ReturnHeader/Filer/InCareOfNm0% BRADLEY A KEYWELL
ReturnHeader/Filer/PhoneNum03133802399
ReturnHeader/Filer/USAddress/AddressLine1Txt01130 W Monroe

Document Assets

No mirrored PDF or thumbnail assets are attached yet.