Civic Intelligence

Innovia Ignite Foundation

EIN 85-1540129 • 501(c)3 • Spokane, WA

Profile

Ignite giving and generosity in the community to support the mission of Innovia Foundation and to hold property as needed for the Foundation.

818 W Riverside Ave Ste 650Spokane, WA 99201

n/A

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.09x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

898%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

86681%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,824,984

Down $370,047 (-12%) from 2023

Liabilities

Up

$501,256

Up $164,960 (+49%) from 2023

Net Assets

Down

$2,323,728

Down $535,007 (-19%) from 2023

Revenue

Down

$171,001

Down $3,621,349 (-95%) from 2023

Expenses

Down

$706,008

Down $223,889 (-24%) from 2023

Net Income

Down

-$535,007

Down $3,397,460 (-119%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2022: $320,298Liabilities 2022: $324,016Net Assets 2022: -$3,7182022Assets 2023: $3,195,031Liabilities 2023: $336,296Net Assets 2023: $2,858,7352023Assets 2024: $2,824,984Liabilities 2024: $501,256Net Assets 2024: $2,323,7282024

Highlighted filing

2024

Assets$2,824,984
Liabilities$501,256
Net Assets$2,323,728

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2022: $4,370Expenses 2022: $8,088Net Income 2022: -$3,7182022Revenue 2023: $3,792,350Expenses 2023: $929,897Net Income 2023: $2,862,4532023Revenue 2024: $171,001Expenses 2024: $706,008Net Income 2024: -$535,0072024

Highlighted filing

2024

Revenue$171,001
Expenses$706,008
Net Income-$535,007

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$646,000
Mission and Program Overview

Mission

Ignite giving and generosity in the community to support the mission of innovia foundation and to hold property as needed for the foundation.

Support Innovia Foundation for the benefit of local charities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,858,735$2,323,728▼ $535,007
Land, Buildings, and Equipment, Net$2,013,712$1,758,258▼ $255,454
Other Notes and Loans Receivable, Net$928,140$867,006▼ $61,134
Cash and Non-Interest-Bearing Accounts$253,179$199,720▼ $53,459
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,195,031$2,824,984▼ $370,047
Liabilities
Other Liabilities$336,296$353,504▲ $17,208
Accounts Payable and Accrued Expenses$0$147,752▲ $147,752
Total Liabilities$336,296$501,256▲ $164,960
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,858,735$2,323,728▼ $535,007
Total Liabilities and Net Assets / Fund Balance$3,195,031$2,824,984▼ $370,047

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,457,500-$1,457,500
Buildings$300,758$36,742$337,500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael BibinPresident
Carol HunterDirector
Denise StewartDirector
Jeff CrandallDirector
Jim BlackDirector
John KragtDirector
Marcelo MoralesDirector
Tim WelshDirector
Shelly O'QuinnInnovia CEO
Lauren AutreyInnovia CFOO
Shelley BennetSecretary
Adam GelhausenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,250
Program Service Revenue
$0
Investment Income
$-39,863
Other Revenue
$130,614
All Other Contributions
$55,000
Change in Net Assets
$-535,007

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$55,000Appraised Value
Total Noncash Contributions1$55,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$171,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$54,173,026
Total Revenue per Audited Statements
$54,344,027
Total Revenue per Form 990
$171,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$530,744
Other Expenses$175,264
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$530,744--$530,744
Other Expenses$63,582--$63,582
Fees for Services Other$45,761--$45,761
Occupancy$32,402--$32,402
Interest$16,108--$16,108
Insurance$6,456--$6,456
Fees for Services Legal-$5,500-$5,500
Depreciation Depletion$5,455--$5,455
Total Functional Expenses$700,508$5,500$0$706,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,412,032
Expenses Not Reported on Form 990$17,706,024
Expenses per Audited Statements$706,008
Total Expenses per Form 990$706,008
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Innovia FoundationSpokane, WA501(c)(3)Grant to support charitable giving and generosity in the community.$530,744
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$352,404
Security Deposit$1,100
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, line 2

A business relationship exists for three of the individuals reported on Part VII: Shelly O'Quinn, Lauren Autrey, and Marcelo Morales, as they serve as officers of a related tax-exempt organization.

Form 990, Part VI, Section A, line 7A

At all times, the majority of the Board of Directors shall be appointed by the Board of Directors of Innovia Foundation, the related supported organization.

Form 990, Part VI, Section A, line 8B

There are no committees with broad authority to act on behalf of the governing board.

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

The Form 990 is provided to the board and reviewed before filing.

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

Each fiscal year a conflict-of-interest questionnaire is completed by board members and management. Responses are reviewed by the board for possible conflicts. Any potential conflict of interest is recorded in the minutes of the board meeting. If it is demonstrated that a board or committee member has a conflict, they are excused from voting on a motion where it is perceived a conflict exists.

Form 990, Part VI, Section C, line 19

Documents are furnished upon request.

Filing and Contact Details

Filer

Filer Name
Innovia Ignite Foundation
EIN
85-1540129
Phone
5096242606
Address
818 W Riverside Ave Ste 650, Spokane, WA 99201

Signing Officer

Name
Shelly O'Quinn
Title
Chief Executive Officer
Phone
5096242606
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly O'Quinn
Formed
2020
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Innovia Foundation finance committee is responsible for oversight of the annual consolidated audit.

Financial Statement Notes

Part X, Line 2:

Management believes that the Foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

Part XI, Line 2D - Other Adjustments:

Innovia (Supported Org) Form 990 Revenue 36,166,346. Innovia (Supported Org) Investment Expenses -800,323. Contributions from Supporting Organizations to Innovia (Supported Org) -530,744.

Part XII, Line 2D - Other Adjustments:

Innovia (Supported Org) Form 990 Expenses 19,037,091. Contributions from Supporting Organizations to Innovia (Supported Org) -530,744. Innovia (Supported Org) Investment Expenses -800,323.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03782706
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0809627
IRS990/PYInvestmentIncomeAmt0-73819
IRS990/PYOtherExpensesAmt0120270
IRS990/PYOtherRevenueAmt083463
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02862453
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0929897
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03792350
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-535007
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt025250
IRS990/RentalIncomeOrLossGrp/RealAmt0129883
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02858735
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02323728
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Innovia Ignite Foundation is a Type I Supporting Organization of the Innovia Foundation. The Foundation's focus is to carry out charitable purposes that support the overall mission of Innovia Foundation. In particular, the Foundation will at times hold buildings and land for the Innovia Foundation and any proceeds related to property sales are contributed to Innovia Foundation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I, Line 12g:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0910941053
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0530744
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Innovia Foundation
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0530744
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0300758
IRS990ScheduleD/BuildingsGrp/DepreciationAmt036742
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0337500
IRS990ScheduleD/ExpensesNotReportedAmt017706024
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0706008
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01457500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01457500
IRS990ScheduleD/NetUnrealizedGainsInvstAmt019337747
IRS990ScheduleD/OtherExpensesIncludedAmt017706024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0352404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Note Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposit
IRS990ScheduleD/OtherRevenueAmt034835279
IRS990ScheduleD/RevenueNotReportedAmt054173026
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0171001
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management believes that the Foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Innovia (Supported Org) Form 990 Revenue 36,166,346. Innovia (Supported Org) Investment Expenses -800,323. Contributions from Supporting Organizations to Innovia (Supported Org) -530,744.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Innovia (Supported Org) Form 990 Expenses 19,037,091. Contributions from Supporting Organizations to Innovia (Supported Org) -530,744. Innovia (Supported Org) Investment Expenses -800,323.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01758258
IRS990ScheduleD/TotalExpensesPerForm990Amt0706008
IRS990ScheduleD/TotalLiabilityAmt0353504
IRS990ScheduleD/TotalRevenuePerForm990Amt0171001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt054344027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018412032
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0530744
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Grant to support charitable giving and generosity in the community.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Innovia Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0910941053
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0818 W Riverside Ave Ste 650
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Spokane
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd099201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Innovia Ignite Foundation provides grants to the Innovia Foundation. Grants are monitored by the Board of Innovia Ignite Foundation, whose members include the CEO and CFO of the Innovia Foundation and the Secretary/Treasurer of the Innovia Foundation Governing Board.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt057110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt127286
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0244194
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1145196
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt023357
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt114520
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00

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