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Nonprofiteer
← INFORMATION TECHNOLOGY ANDINNOVATION FOUNDATION

Form 990 for tax year 2023

Filed by INFORMATION TECHNOLOGY ANDINNOVATION FOUNDATION.

Totals

Total revenue
$6,645,853
Total expenses
$6,758,692
Contributions and grants received
$6,351,275
Grants paid
$0
Program service revenue
$49,389
Investment income
$244,555
Other revenue
$634
Total assets, end of year
$11,213,072
Total liabilities, end of year
$2,420,837
Net assets or fund balances, end of year
$8,792,235
Program services expenses (Part IX)
$4,474,367
Management and general expenses
$2,148,631
Fundraising expenses
$135,694
Program service expenses (Part III)
$4,474,367

Program services were 66.2% 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

    $6,351,275

  • 2a · Program service revenue: EVENT REVENUE

    total $45,835 · related or exempt $45,835

  • 2b · Program service revenue: SPEAKING INCOME

    total $2,948 · related or exempt $2,948

  • 2c · Program service revenue: PUBLICATION INCOME

    total $606 · related or exempt $606

  • 3 · Investment income

    total $244,555 · excluded $244,555

  • 11a · Other revenue: OTHER INCOME

    total $634 · excluded $634

  • 11e · Other revenue, total

    $634

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,003,370 · program services $915,250 · management and general $1,088,120

  • 7 · Other salaries and wages

    total $2,309,583 · program services $2,101,721 · management and general $92,383 · fundraising $115,479

  • 8 · Pension plan contributions

    total $101,564 · program services $98,329 · management and general $1,363 · fundraising $1,872

  • 9 · Other employee benefits

    total $209,073 · program services $202,413 · management and general $2,806 · fundraising $3,854

  • 10 · Payroll taxes

    total $206,970 · program services $175,924 · management and general $16,557 · fundraising $14,489

  • 11b · Fees: legal

    total $17,145 · management and general $17,145

  • 11f · Fees: investment management

    total $63,011 · management and general $63,011

  • 11g · Fees: other

    total $494,783 · program services $494,783

  • 12 · Advertising and promotion

    total $6,862 · program services $394 · management and general $6,468

  • 13 · Office expenses

    total $21,979 · program services $9,408 · management and general $12,571

  • 14 · Information technology

    total $38,694 · management and general $38,694

  • 16 · Occupancy

    total $549,608 · management and general $549,608

  • 17 · Travel

    total $128,839 · program services $41,844 · management and general $86,995

  • 19 · Conferences, conventions and meetings

    total $165,506 · program services $165,506

  • 22 · Depreciation, depletion and amortization

    total $26,170 · management and general $26,170

  • 23 · Insurance

    total $58,117 · management and general $58,117

  • 24a · Other expenses: ITIF OVERHEAD

    total $150,000 · program services $150,000

  • 24b · Other expenses: GRANT EXECUTION EXPENSE

    total $118,795 · program services $118,795

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $83,258 · management and general $83,258

  • 24d · Other expenses: EXCISE TAX

    total $6,697 · management and general $6,697

  • 24e · All other expenses

    total -$1,332 · management and general -$1,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,689,609 · end of year $2,358,263

  • 4 · Accounts receivable

    beginning of year $580,597 · end of year $533,578

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

    $357,317

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

    $185,034

  • 10c · Land, buildings and equipment, net

    beginning of year $198,453 · end of year $172,283

  • 11 · Investments: publicly traded securities

    beginning of year $6,666,931 · end of year $7,526,594

  • 15 · Other assets

    beginning of year $502,353 · end of year $622,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $696,901 · end of year $499,567

  • 18 · Grants payable

    beginning of year $455,490 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,733,000 · end of year $1,296,000

  • 25 · Other liabilities

    beginning of year $505,270 · end of year $625,270

  • 27 · Net assets without donor restrictions

    beginning of year $8,247,282 · end of year $8,236,602

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $555,633

Mission and programs · 2023

Mission

ITIF IS A NON-PARTISAN RESEARCH AND EDUCATIONAL INSTITUTE WHOSE MISSION IS TO FORMULATE, EVALUATE, AND PROMOTE POLICY SOLUTIONS THAT ACCELERATE INNOVATION AND BOOST PRODUCTIVITY TO SPUR GROWTH, OPPORTUNITY, AND PROGRESS.

Activities or mission (Part I)

ITIF IS A NON-PARTISAN RESEARCH AND EDUCATIONAL INSTITUTE.

  • ITIF IS A NONPARTISAN RESEARCH AND EDUCATIONAL INSTITUTE - A THINK TANK - WHOSE MISSION IS TO FORMULATE, EVALUATE, AND PROMOTE POLICY SOLUTIONS THAT ACCELERATE INNOVATION AND BOOST PRODUCTIVITY TO SPUR GROWTH, OPPORTUNITY, AND PROGRESS. ITIF FOCUSES ON A HOST OF CRITICAL ISSUES AT THE INTERSECTION OF TECHNOLOGICAL INNOVATION AND PUBLIC POLICY - INCLUDING IN THE AREAS OF INNOVATION AND COMPETITIVENESS; INFORMATION TECHNOLOGY AND DATA; TELECOMMUNICATIONS; TRADE AND GLOBALIZATION; AND LIFE SCIENCES, AGRICULTURAL BIOTECHNOLOGY, AND CLEAN ENERGY.

    Expenses $4,474,367 · Revenue $49,389

As filed on the 2023 return.

Listed in Part VII

  • ROBERT ATKINSON

    PRESIDENT

    Total calculated
    $638,009
    From this org
    $547,867
    From related orgs
    $0
    Other
    $90,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $547,867
    Bonus
    $0
    Other
    $0
    Deferred
    $68,502
    Nontaxable benefits
    $21,640
    Filer's total
    $638,009

  • PHIL ENGLISH

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RON KIND

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JASON OXMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BILL ANDRESEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DON BAER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AJ BHADELIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSE BLUMENTHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL BONVILLIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS CAINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER CLEVELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF EISENACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM GALVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KHALIL GHARBIEH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID GOLDSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID GROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON KELLOGG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BLAIR LEVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VONYA MCCANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORI MOYLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY ROBYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEANNIE SALO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURIE SELF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARROLL THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLEN THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDY WYCHOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDOLPH COURT

    CCO AND MANAGING EDITOR

    Total calculated
    $338,113
    From this org
    $290,000
    From related orgs
    $0
    Other
    $48,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    $35,000
    Other
    $0
    Deferred
    $26,721
    Nontaxable benefits
    $21,392
    Filer's total
    $338,113

  • DANIEL CASTRO

    VICE PRESIDENT

    Total calculated
    $302,956
    From this org
    $250,000
    From related orgs
    $0
    Other
    $52,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $31,727
    Nontaxable benefits
    $21,229
    Filer's total
    $302,956

  • STEPHEN EZELL

    VICE PRESIDENT

    Total calculated
    $269,804
    From this org
    $230,000
    From related orgs
    $0
    Other
    $39,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,000
    Bonus
    $15,000
    Other
    $0
    Deferred
    $39,804
    Nontaxable benefits
    $0
    Filer's total
    $269,804

  • STUART DWYER

    VICE PRESIDENT

    Total calculated
    $249,792
    From this org
    $211,500
    From related orgs
    $0
    Other
    $38,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,500
    Bonus
    $15,000
    Other
    $0
    Deferred
    $38,292
    Nontaxable benefits
    $0
    Filer's total
    $249,792

  • JACQUELINE WHISMAN

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $204,908
    From this org
    $180,000
    From related orgs
    $0
    Other
    $24,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $15,000
    Other
    $0
    Deferred
    $11,827
    Nontaxable benefits
    $13,081
    Filer's total
    $204,908

  • NIGEL CORY

    ASSOC DIR., TRADE POLICY

    Total calculated
    $178,055
    From this org
    $162,500
    From related orgs
    $0
    Other
    $15,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $12,500
    Other
    $0
    Deferred
    $8,484
    Nontaxable benefits
    $7,071
    Filer's total
    $178,055

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 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
ITIF MADE CONTRIBUTIONS TO THE FOLLOWING EMPLOYEES' 457(F) PLANS: ROB ATKINSON - $50,000 DANIEL CASTRO - $15,000 RANDOLPH COURT - $30,000 STEPHEN EZELL - $25,000
PART I, LINE 7
ITIF PAID BONUSES TO THE FOLLOWING EMPLOYEES: RANDOLPH COURT - $35,000 STEPHEN EZELL - $15,000 STUART DWYER - $15,000 JACQUELINE WHISMAN - $15,000 NIGEL CORY - $12,500

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202530159349301018

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