Form 990 for tax year 2022
Filed by NATIONAL INVENTORS HALL OF FAME INC.
Totals
- Total revenue
- $46,228,035
- Total expenses
- $38,462,861
- Contributions and grants received
- $9,590,501
- Grants paid
- $296,561
- Program service revenue
- $35,857,247
- Investment income
- $629,504
- Other revenue
- $150,783
- Total assets, end of year
- $52,514,312
- Total liabilities, end of year
- $8,747,245
- Net assets or fund balances, end of year
- $43,767,067
- Program services expenses (Part IX)
- $32,020,196
- Management and general expenses
- $5,377,806
- Fundraising expenses
- $1,064,859
- Program service expenses (Part III)
- $32,020,196
Program services were 83.2% 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.
-
1e · Government grants (contributions)
$5,077,879
-
1f · All other contributions, gifts and grants
$4,512,622
-
1g · Noncash contributions included above
$234,933
-
2a · Program service revenue: PRE K-12 PROGRAMMING
total $35,857,247 · related or exempt $35,857,247
-
3 · Investment income
total $618,498 · excluded $618,498
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $335,105
-
7b · Less cost or other basis and sales expenses
securities $324,099
-
7c · Gain or loss
securities $11,006
-
7d · Net gain or loss
total $11,006 · excluded $11,006
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$57,744
-
10b · Cost of goods sold
$30,460
-
10c · Net income from sales of inventory
total $27,284 · excluded $27,284
-
11a · Other revenue: OTHER INCOME
total $123,499 · related or exempt $123,499
-
11e · Other revenue, total
$123,499
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $296,561 · program services $296,561
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,591,807 · program services $338,924 · management and general $1,016,772 · fundraising $236,111
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $12,633,134 · program services $10,179,996 · management and general $1,984,743 · fundraising $468,395
-
8 · Pension plan contributions
total $379,032 · program services $220,420 · management and general $144,772 · fundraising $13,840
-
9 · Other employee benefits
total $1,191,758 · program services $993,460 · management and general $164,196 · fundraising $34,102
-
10 · Payroll taxes
total $1,095,780 · program services $855,169 · management and general $187,524 · fundraising $53,087
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $105,275 · program services $8,404 · management and general $86,225 · fundraising $10,646
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $117,196 · management and general $117,196
-
11g · Fees: other
total $1,451,996 · program services $554,864 · management and general $847,132 · fundraising $50,000
-
12 · Advertising and promotion
total $1,474,265 · program services $1,464,168 · fundraising $10,097
-
13 · Office expenses
total $2,284,016 · program services $2,235,315 · management and general $24,574 · fundraising $24,127
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $959,070 · program services $801,733 · management and general $154,728 · fundraising $2,609
-
17 · Travel
total $436,113 · program services $411,949 · management and general $16,916 · fundraising $7,248
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $526,329 · program services $439,577 · management and general $72,148 · fundraising $14,604
-
23 · Insurance
total $148,162 · program services $15,797 · management and general $132,365
-
24a · Other expenses: SUPPLIES
total $6,672,290 · program services $6,568,835 · management and general $102,344 · fundraising $1,111
-
24b · Other expenses: PROGRAM SERVICES
total $6,030,138 · program services $6,030,138
-
24c · Other expenses: MISCELLANEOUS
total $558,142 · program services $144,356 · management and general $293,914 · fundraising $119,872
-
24d · Other expenses: BANK CHARGES
total $447,404 · program services $430,135 · management and general $3,607 · fundraising $13,662
-
24e · All other expenses
total $64,393 · program services $30,395 · management and general $28,650 · fundraising $5,348
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,951,381 · end of year $9,511,548
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,259,876 · end of year $1,811,809
-
4 · Accounts receivable
beginning of year $395,033 · end of year $1,522,483
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $4,795,614 · end of year $8,808,322
-
9 · Prepaid expenses and deferred charges
beginning of year $834,952 · end of year $935,509
-
10a · Land, buildings and equipment: cost or other basis
$14,519,383
-
10b · Land, buildings and equipment: accumulated depreciation
$6,956,510
-
10c · Land, buildings and equipment, net
beginning of year $7,343,329 · end of year $7,562,873
-
11 · Investments: publicly traded securities
beginning of year $17,978,002 · end of year $21,097,013
-
12 · Investments: other securities
beginning of year $1,549,060 · end of year $1,264,755
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,138,786 · end of year $5,009,912
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $1,169,047 · end of year $2,596,426
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $954,028 · end of year $1,140,907
-
27 · Net assets without donor restrictions
beginning of year $34,267,077 · end of year $38,834,822
-
28 · Net assets with donor restrictions
beginning of year $5,578,309 · end of year $4,932,245
Mission and programs · 2022
Mission
A CATALYST FOR CHANGE THROUGH RECOGNIZING INVENTORS AND INVENTIONS, PROMOTING CREATIVITY, AND ADVANCING THE SPIRIT OF INNOVATION AND ENTREPRENEURSHIP.
-
CHILDREN'S EDUCATION - PROGRAMS AND INITIATIVES TO CREATE PUBLIC AWARENESS OF THE MAJOR ROLE THAT INVENTION, INVENTORS AND PATENTS, TRADEMARKS AND COPYRIGHTS PLAY IN AMERICA'S ECONOMIC AND CULTURAL SUCCESS AND TO NURTURE THE CREATIVE AND INVENTIVE SPIRIT OF AMERICAN CHILDREN AND TO INSPIRE THEM TO ENTER THE EXCITING FIELDS OF SCIENCE AND MATH IN AN EFFORT TO CONTINUE AMERICA'S DOMINANCE IN THE FUTURE.
Expenses $30,012,906 · Grants $296,561 · Revenue $35,952,886
-
MUSEUM & INVENTORS EXHIBITS - THE NATIONAL INVENTORS HALL OF FAME MUSEUM HOUSED IN THE US PATENT AND TRADEMARK OFFICE IN ALEXANDRIA, VA. IS OPERATED AND MAINTAINED BY NATIONAL INVENTORS HALL OF FAME, INC. EACH YEAR A NEW EXHIBIT IS BUILT AND INSTALLED AT THE MUSEUM. THE ANNUAL INDUCTION CEREMONY IS ALSO CREATED AND PRODUCED BY NATIONAL INVENTORS HALL OF FAME, INC.
Expenses $856,759 · Revenue $27,860
-
OTHER INVENTOR RECOGNITION - OPERATE RECOGNITION PROGRAMS FOR INVENTORS AND OTHER IP OWNERS AND DEVELOPERS, AND PRODUCE PRIVATE AND PUBLIC EVENTS THAT HONOR EDUCATE, AND ENCOURAGE INDEPENDENT INVENTORS, AND ENTREPRENEURS.
Expenses $1,150,531
As filed on the 2022 return.
Listed in Part VII
-
MICHAEL OISTER
PRESIDENT/CEO NIHF
- Total calculated
- $858,287
- From this org
- $657,715
- From related orgs
- $0
- Other
- $200,572
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $396,567
- Bonus
- $112,000
- Other
- $149,148
- Deferred
- $182,200
- Nontaxable benefits
- $18,372
- Filer's total
- $858,287
-
MONICA JONES
VICE PRESIDENT/COO NIHF
- Total calculated
- $276,951
- From this org
- $241,135
- From related orgs
- $0
- Other
- $35,816
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $230,615
- Bonus
- $10,520
- Other
- $0
- Deferred
- $24,225
- Nontaxable benefits
- $11,591
- Filer's total
- $276,951
-
HANNAH PAULIN
SECRETARY/CSO NIHF
- Total calculated
- $236,111
- From this org
- $184,270
- From related orgs
- $0
- Other
- $51,841
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,500
- Bonus
- $21,770
- Other
- $0
- Deferred
- $40,250
- Nontaxable benefits
- $11,591
- Filer's total
- $236,111
-
RHONDA L CAMPBELL
TREASURER/CAO NIHF
- Total calculated
- $220,458
- From this org
- $179,903
- From related orgs
- $0
- Other
- $40,555
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- $164,133
- Bonus
- $15,770
- Other
- $0
- Deferred
- $28,315
- Nontaxable benefits
- $12,240
- Filer's total
- $220,458
-
ASHLEY KELLICKER
VP, EDUATIONAL PARTNERSHIPS
- Total calculated
- $202,379
- From this org
- $161,998
- From related orgs
- $0
- Other
- $40,381
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $99,808
- Bonus
- $62,190
- Other
- $0
- Deferred
- $27,742
- Nontaxable benefits
- $12,639
- Filer's total
- $202,379
-
CHRISTINE JAYO
REGIONAL PROGRAM MANAGER
- Total calculated
- $193,622
- From this org
- $184,818
- From related orgs
- $0
- Other
- $8,804
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $75,600
- Bonus
- $109,218
- Other
- $0
- Deferred
- $3,024
- Nontaxable benefits
- $5,780
- Filer's total
- $193,622
-
DHARINI PAIVA
EVP SELECTION & RECOGNITION
- Total calculated
- $160,381
- From this org
- $149,178
- From related orgs
- $0
- Other
- $11,203
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $137,058
- Bonus
- $12,120
- Other
- $0
- Deferred
- $5,482
- Nontaxable benefits
- $5,721
- Filer's total
- $160,381
-
TRACIE PACHECO
SENIOR DIRECTOR
- Total calculated
- $150,520
- From this org
- $135,801
- From related orgs
- $0
- Other
- $14,719
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $91,346
- Bonus
- $44,455
- Other
- $0
- Deferred
- $3,197
- Nontaxable benefits
- $11,522
- Filer's total
- $150,520
-
SHAWN BOGER
REGIONAL PROG DEV MGR
- Total calculated
- $150,138
- From this org
- $141,288
- From related orgs
- $0
- Other
- $8,850
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $80,849
- Bonus
- $60,439
- Other
- $0
- Deferred
- $3,234
- Nontaxable benefits
- $5,616
- Filer's total
- $150,138
-
FRANK C STEININGER
ASST TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
DR JEAN BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JON WOOD
CO CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
GARY STERLING
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
RAJ S DAVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD W GRAY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
JAMES E MALACKOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAY LEACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS WOLF
CO CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
DR JASEMINE C CHAMBERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEVEN SASSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JAMES KRAUS
ASST. SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
WESLEY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHEN WANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MOUSA COULIBALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT W BRIGGS
BOARD MEMBER EMERITUS
- Total calculated
- $0
- Hours/week
- 1
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 4B
- RETIREMENT AND OTHER COMPENSATION INCLUDES 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: $150,000 MONICA JONES: $15,000 RHONDA CAMPBELL: $21,750 HANNAH PAULIN: $33,750 ASHLEY KELLICKER: $23,750 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
-
SUPPORT ORGANIZATION
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 SELECTIO
501(C)(3) · RESEARCH · DC · controlled entity
Directly controlled by NATIONAL INV
-
NATIONAL INVENTORS HALL OF FAME (CANADA)
EDUCATION · CA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341869349301214
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