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Nonprofiteer
← THE FOUNDATION FOR AMERICAN INNOVATION

Form 990 for tax year 2023

Filed by THE FOUNDATION FOR AMERICAN INNOVATION.

Totals

Total revenue
$3,679,704
Total expenses
$3,360,231
Contributions and grants received
$3,542,134
Grants paid
$0
Program service revenue
$3,949
Investment income
$133,621
Other revenue
$0
Total assets, end of year
$1,978,835
Total liabilities, end of year
$40,412
Net assets or fund balances, end of year
$1,938,423
Program services expenses (Part IX)
$2,588,861
Management and general expenses
$469,528
Fundraising expenses
$301,842
Program service expenses (Part III)
$2,588,861

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,542,134

  • 2a · Program service revenue: EVENT ADMISSION

    total $3,949 · excluded $3,949

  • 3 · Investment income

    total $133,621 · related or exempt $133,621

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,250,307 · program services $962,736 · management and general $175,043 · fundraising $112,528

  • 7 · Other salaries and wages

    total $349,671 · program services $269,247 · management and general $48,954 · fundraising $31,470

  • 8 · Pension plan contributions

    total $92,296 · program services $71,068 · management and general $12,921 · fundraising $8,307

  • 9 · Other employee benefits

    total $109,974 · program services $84,680 · management and general $15,396 · fundraising $9,898

  • 10 · Payroll taxes

    total $129,915 · program services $100,035 · management and general $18,188 · fundraising $11,692

  • 11b · Fees: legal

    total $11,111 · program services $8,555 · management and general $1,556 · fundraising $1,000

  • 11c · Fees: accounting

    total $20,436 · program services $15,736 · management and general $2,861 · fundraising $1,839

  • 11g · Fees: other

    total $742,810 · program services $571,963 · management and general $103,994 · fundraising $66,853

  • 12 · Advertising and promotion

    total $16,883 · program services $13,000 · management and general $2,364 · fundraising $1,519

  • 13 · Office expenses

    total $174,349 · program services $134,249 · management and general $24,409 · fundraising $15,691

  • 14 · Information technology

    total $15,952 · program services $12,283 · management and general $2,233 · fundraising $1,436

  • 16 · Occupancy

    total $63,387 · program services $48,808 · management and general $8,874 · fundraising $5,705

  • 17 · Travel

    total $105,120 · program services $80,942 · management and general $14,717 · fundraising $9,461

  • 23 · Insurance

    total $10,346 · program services $7,966 · management and general $1,448 · fundraising $932

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $157,059 · program services $120,935 · management and general $21,988 · fundraising $14,136

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $63,117 · program services $48,600 · management and general $8,836 · fundraising $5,681

  • 24c · Other expenses: REIMBURSABLE AND OTHER

    total $27,047 · program services $20,826 · management and general $3,787 · fundraising $2,434

  • 24d · Other expenses: RELIGNMENT

    total $7,900 · program services $6,083 · management and general $1,106 · fundraising $711

  • 24e · All other expenses

    total $12,551 · program services $11,149 · management and general $853 · fundraising $549

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,353,132 · end of year $1,247,109

  • 3 · Pledges and grants receivable

    beginning of year $269,456 · end of year $650,000

  • 4 · Accounts receivable

    beginning of year $13,119 · end of year $24,334

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $318 · end of year $0

  • 12 · Investments: other securities

    beginning of year $250,000

  • 15 · Other assets

    beginning of year $10,364 · end of year $57,392

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,754 · end of year $30,149

  • 25 · Other liabilities

    beginning of year $15,333 · end of year $10,263

  • 27 · Net assets without donor restrictions

    beginning of year $1,118,364 · end of year $564,137

  • 28 · Net assets with donor restrictions

    beginning of year $732,938 · end of year $1,374,286

Mission and programs · 2023

Mission

TO DEVELOP TECHNOLOGY, TALENT, AND IDEAS THAT SUPPORT A BETTER, FREER, AND MORE ABUNDANT FUTURE. OURS IS A POLITICS OF BUILDERS, HACKERS, AND FOUNDERS WORKING TO ADVANCE A MORE PERFECT UNION BETWEEN TECHNOLOGY AND THE AMERICAN REPUBLIC.

  • POLICY - THE POLICY TEAM IS A BOUTIQUE THINK TANK OF POLICY EXPERTS AND TECHNOLOGISTS FOCUSED ON ISSUES AT THE INTERSECTION OF INNOVATION, GOVERNANCE, AND NATIONAL SECURITY. THIS TEAM'S WORK FOCUSES ON IMPACT RESEARCH, EDUCATIONAL OUTREACH, AND SEEDING NOVEL SOLUTIONS IN THE WEEDS OF POLICY FORMATION. WE GENERALLY DO NOT TAKE INSTITUTIONAL POSITIONS, INSTEAD RELYING ON THE EXPERTISE OF INDIVIDUAL TEAM MEMBERS (WHO SOMETIMES DISAGREE).

    Expenses $1,449,762

  • LABS - THE LABS TEAM IS A GROUP OF PRODUCT EXPERTS, DESIGNERS, AND ENGINEERS FOCUSED ON BUILDING TECHNOLOGY SOLUTIONS TO ENTRENCHED POLICY PROBLEMS. THE TEAM'S WORK IS CENTERED ON CREATING PHILANTHROPY-SUPPORTED TOOLS AND INFRASTRUCTURE TO ADDRESS KEY SOCIETAL CHALLENGES THAT DON'T HAVE THE PROFIT POTENTIAL TO ATTRACT TRADITIONAL VENTURE INVESTMENT.

    Expenses $906,101

  • EVENTS - EACH YEAR WE HOST DOZENS OF EVENTS ACROSS THE COUNTRY, ENGAGING OUR COMMUNITIES IN CALIFORNIA, TEXAS, NEW YORK, FLORIDA, D.C., AND ELSEWHERE. THROUGH OUR SALONS, FORUMS, AND CONFERENCES, WE BRING TOGETHER TECHNOLOGISTS, FOUNDERS, AUTHORS, AND POLICYMAKERS TO EXPLORE A RANGE OF TIMELY TOPICS.NETWORK - THE NETWORK TEAM IS FOCUSED ON FELLOWSHIPS, EVENTS, AND MEDIA, BUILDING A TRANSLATION LAYER BETWEEN THE TWO CULTURES OF TECH AND POLICY, AND SHAPING THE NATIONAL CONVERSATION AROUND INNOVATION. NETWORK HAS THREE SUB PROGRAMS: EVENTS, MEDIA, AND FELLOWSHIPS.MEDIA - TO INCREASE THE REACH AND IMPACT OF OUR WORK, WE SPONSOR TWO PODCASTS. THE REALIGNMENT BOASTS 500,000 MONTHLY DOWNLOADS AND FOCUSES ON THE SHIFTING LANDSCAPE OF NATIONAL SECURITY, ECONOMICS, TECHNOLOGY, AND THE ROLE OF GOVERNMENT IN OUR LIVES. OUR NEW PODCAST, THE DYNAMIST, HIGHLIGHTS OUR RESEACH AND WORK, AND EXPLORES THE EMERGING MOVEMENT FOR DYNAMISM WITH PROMINENT GUESTS.FELLOWSHIPS - OUR FELLOWSHIP PROGRAMS CULTIVATE EARLY-AND MID-CAREER TALENT WITH TWO GOALS IN MIND: FIRST, TO EDUCATE THE NEXT GENERATION OF FOUNDERS AND BUILDERS ABOUT HOW TO NAVIGATE POLICY AND REGULATORY THREATS, AND SECOND, TO CREATE A STRONGER TECHNICAL TALENT PIPELINE OF MARKET-ORIENTED POLICY ENTREPRENEURS.

    Expenses $232,998 · Revenue $3,949

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Garrett Johnson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Kristen Soltis Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katie Biber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mike Solana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Laurent Crenshaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Allison Swope

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Kratsios

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Aaron Ginn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kmele Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tamara Winter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Grace Meyer

    COO

    Total calculated
    $182,571
    From this org
    $163,064
    From related orgs
    $0
    Other
    $19,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,064
    Bonus
    $0
    Other
    $0
    Deferred
    $9,990
    Nontaxable benefits
    $9,517
    Filer's total
    $182,571

  • Loren Zachary Graves

    EXECUTIVE DIRECTOR

    Total calculated
    $263,389
    From this org
    $238,618
    From related orgs
    $0
    Other
    $24,771
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,618
    Bonus
    $0
    Other
    $0
    Deferred
    $14,520
    Nontaxable benefits
    $10,251
    Filer's total
    $263,389

  • Daniel Peter Lips

    HEAD OF POLICY

    Total calculated
    $199,248
    From this org
    $174,431
    From related orgs
    $0
    Other
    $24,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,431
    Bonus
    $0
    Other
    $0
    Deferred
    $10,890
    Nontaxable benefits
    $13,927
    Filer's total
    $199,248

  • Brandon Mark Detweiler

    HEAD OF PRODUCT

    Total calculated
    $199,605
    From this org
    $175,086
    From related orgs
    $0
    Other
    $24,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,086
    Bonus
    $0
    Other
    $0
    Deferred
    $10,920
    Nontaxable benefits
    $13,599
    Filer's total
    $199,605

  • Samuel Hammond

    SENIOR ECONOMIST

    Total calculated
    $160,318
    From this org
    $153,083
    From related orgs
    $0
    Other
    $7,235
    Hours/week
    37

    Schedule J breakdown matched by us

    Base
    $153,083
    Bonus
    $0
    Other
    $0
    Deferred
    $2,880
    Nontaxable benefits
    $4,355
    Filer's total
    $160,318

  • Timothy Livingston

    DIRECTOR OF ENGINEERING

    Total calculated
    $142,053
    From this org
    $120,531
    From related orgs
    $0
    Other
    $21,522
    Hours/week
    40

  • Luke Hogg

    DIRECTOR OF OUTREACH

    Total calculated
    $113,484
    From this org
    $101,133
    From related orgs
    $0
    Other
    $12,351
    Hours/week
    40

  • Andy Long

    DIRECTOR OF PRODUCT

    Total calculated
    $138,688
    From this org
    $124,360
    From related orgs
    $0
    Other
    $14,328
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DEPLOYED INC

    C · CONSULTING · DE · 100% owned · share of income $7,022 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202432919349300028

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