Form 990 for tax year 2024
Filed by NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC.
Totals
- Total revenue
- $145,534
- Total expenses
- $145,534
- Contributions and grants received
- $145,534
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $145,454
- Management and general expenses
- $80
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $145,454
Program services were 99.9% 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.
-
1d · Related organizations
$145,534
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $68,723 · program services $68,723
-
8 · Pension plan contributions
total $7,688 · program services $7,688
-
9 · Other employee benefits
total $15,016 · program services $15,016
-
10 · Payroll taxes
total $19,110 · program services $19,110
-
11b · Fees: legal
total $80 · management and general $80
-
11g · Fees: other
total $18,363 · program services $18,363
-
13 · Office expenses
total $1,099 · program services $1,099
-
17 · Travel
total $7,676 · program services $7,676
-
24a · Other expenses: SUPPLIES
total $7,779 · program services $7,779
Balance sheet
Part X, book values.
-
15 · Other assets
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
end of year $0
Mission and programs · 2024
Mission
A CATALYST FOR CHANGE THROUGH RECOGNIZING INVENTORS AND INVENTION, PROMOTING CREATIVITY, AND ADVANCING THE SPIRIT OF INNOVATION AND ENTREPRENEURSHIP.
-
THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. HONORS THE WOMEN AND MEN RESPONSIBLE FOR THE GREAT TECHNOLOGICAL ADVANCES THAT MAKE HUMAN, SOCIAL AND ECONOMIC PROGRESS POSSIBLE. THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. IS RESPONSIBLE FOR RESEARCHING AND DEVELOPING THE CONTENT FOR RECOGNIZING THESE INVENTORS.
Expenses $145,454
As filed on the 2024 return.
Listed in Part VII
-
EDWARD W GRAY JR
AMBASSADOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
ERIC R FOSSUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRANCES LIGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FREDERICK E ALLEN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE ELLIOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NOREEEN KRALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUSSELL D SLIFER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
W BERNARD CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JORDAN GARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SANDRA NOWAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
MICHAEL OISTER
EX OFFICIO
- Total calculated
- $873,137
- From this org
- $0
- From related orgs
- $652,630
- Other
- $220,507
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $465,630 related
- Bonus
- $0 + $187,000 related
- Other
- $0
- Deferred
- $0 + $198,800 related
- Nontaxable benefits
- $0 + $21,707 related
- Filer's total
- $0 + $873,137 related
-
MONICA JONES
PRESIDENT
- Total calculated
- $385,608
- From this org
- $0
- From related orgs
- $306,661
- Other
- $78,947
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $220,544 related
- Bonus
- $0 + $56,648 related
- Other
- $0 + $29,469 related
- Deferred
- $0 + $65,602 related
- Nontaxable benefits
- $0 + $13,345 related
- Filer's total
- $0 + $385,608 related
-
RINI PAIVA
SECRETARY
- Total calculated
- $161,443
- From this org
- $0
- From related orgs
- $149,693
- Other
- $11,750
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $127,974 related
- Bonus
- $0 + $21,719 related
- Other
- $0
- Deferred
- $0 + $5,192 related
- Nontaxable benefits
- $0 + $6,558 related
- Filer's total
- $0 + $161,443 related
-
STEPHEN HAMROCK
TREASURER
- Total calculated
- $159,303
- From this org
- $0
- From related orgs
- $129,711
- Other
- $29,592
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $110,563 related
- Bonus
- $0 + $19,148 related
- Other
- $0
- Deferred
- $0 + $23,079 related
- Nontaxable benefits
- $0 + $6,513 related
- Filer's total
- $0 + $159,303 related
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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION OF OFFICERS AND DIRECTORS IS DETERMINED BY NATIONAL INVENTORS HALL OF FAME, INC. A RELATED ENTITY. NATIONAL INVENTORS HALL OF FAME, INC. DETERMINES COMPENSATION BY USING WRITTEN EMPLOYMENT CONTRACTS, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.
- PART I, LINE 4B
- RETIREMENT AND OTHER COMPENSATION INLUDES 401K MATCH CONTRIBUTIONS AS WELL AS DEFERRED COMPENSATION ACCRUALS WHICH WILL NOT BE EARNED UNTIL ALL PROVISIONS OF RISK OF FORFEITURE HAVE BEEN MET. DURING THE CURRENT YEAR, THE ORGANIZATION MADE CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990: MICHAEL OISTER: $165,000 MONICA JONES: $56,648 STEPHEN HAMROCK: $19,148 DURING THE CURRENT YEAR, THE ORGANIZATION MADE CONTRIBUTIONS TO A 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUAL LISTED ON PART VII OF THE FORM 990: MICHAEL OISTER: $20,000
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL INVENTORS HALL OF FAME INC
501(C)3 · MANAGING ORGANIZATION · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541259349300699
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