Skip to content
Nonprofiteer
← NATIONAL INVENTORS HALL OF FAME INC

Form 990 for tax year 2025

Filed by NATIONAL INVENTORS HALL OF FAME INC.

Totals

Total revenue
$49,516,391
Total expenses
$44,153,465
Contributions and grants received
$12,708,145
Grants paid
$114,883
Program service revenue
$33,852,102
Investment income
$2,820,922
Other revenue
$135,222
Total assets, end of year
$82,538,577
Total liabilities, end of year
$11,010,535
Net assets or fund balances, end of year
$71,528,042
Program services expenses (Part IX)
$36,661,675
Management and general expenses
$6,025,811
Fundraising expenses
$1,465,979
Program service expenses (Part III)
$36,661,675

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $6,806,875

  • 1f · All other contributions, gifts and grants

    $5,901,270

  • 1g · Noncash contributions included above

    $278,810

  • 2a · Program service revenue: PRE K-12 PROGRAMMING

    total $33,852,102 · related or exempt $33,852,102

  • 3 · Investment income

    total $2,591,086 · excluded $2,591,086

  • 7a · Gross sales of assets other than inventory

    securities $4,559,934

  • 7b · Less cost or other basis and sales expenses

    securities $4,330,098

  • 7c · Gain or loss

    securities $229,836

  • 7d · Net gain or loss

    total $229,836 · excluded $229,836

  • 10a · Gross sales of inventory

    $112,623

  • 10b · Cost of goods sold

    $54,801

  • 10c · Net income from sales of inventory

    total $57,822 · excluded $57,822

  • 11a · Other revenue: REBATES & REFUNDS

    total $77,400 · related or exempt $77,400

  • 11e · Other revenue, total

    $77,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $114,883 · program services $114,883

  • 5 · Compensation of officers, directors and key employees

    total $1,950,407 · program services $362,075 · management and general $1,086,225 · fundraising $502,107

  • 7 · Other salaries and wages

    total $13,932,066 · program services $11,616,504 · management and general $1,895,550 · fundraising $420,012

  • 8 · Pension plan contributions

    total $361,124 · program services $246,497 · management and general $89,991 · fundraising $24,636

  • 9 · Other employee benefits

    total $1,877,713 · program services $1,600,068 · management and general $214,913 · fundraising $62,732

  • 10 · Payroll taxes

    total $1,165,190 · program services $876,168 · management and general $221,184 · fundraising $67,838

  • 11b · Fees: legal

    total $187,502 · program services $7,945 · management and general $164,307 · fundraising $15,250

  • 11d · Fees: lobbying

    total $170,593 · program services $75,431 · management and general $80,742 · fundraising $14,420

  • 11f · Fees: investment management

    total $179,257 · management and general $179,257

  • 11g · Fees: other

    total $1,879,373 · program services $830,997 · management and general $889,515 · fundraising $158,861

  • 12 · Advertising and promotion

    total $2,405,618 · program services $2,389,600 · management and general $5,552 · fundraising $10,466

  • 13 · Office expenses

    total $1,855,689 · program services $1,829,896 · management and general $6,973 · fundraising $18,820

  • 16 · Occupancy

    total $1,433,240 · program services $1,233,583 · management and general $187,784 · fundraising $11,873

  • 17 · Travel

    total $730,293 · program services $637,754 · management and general $56,528 · fundraising $36,011

  • 19 · Conferences, conventions and meetings

    total $11,332 · program services $2,108 · management and general $7,918 · fundraising $1,306

  • 20 · Interest

    total $21,402 · program services $3,981 · management and general $14,954 · fundraising $2,467

  • 22 · Depreciation, depletion and amortization

    total $626,003 · program services $521,796 · management and general $83,361 · fundraising $20,846

  • 23 · Insurance

    total $225,426 · program services $22,976 · management and general $202,450

  • 24a · Other expenses: PROGRAM SERVICES

    total $7,770,055 · program services $7,770,055

  • 24b · Other expenses: SUPPLIES

    total $5,908,273 · program services $5,800,107 · management and general $104,466 · fundraising $3,700

  • 24c · Other expenses: BANK CHARGES

    total $617,993 · program services $583,453 · management and general $24,060 · fundraising $10,480

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $70,437 · program services $13,102 · management and general $49,215 · fundraising $8,120

  • 24e · All other expenses

    total $659,596 · program services $122,696 · management and general $460,866 · fundraising $76,034

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $547,793 · end of year $696,517

  • 2 · Savings and temporary cash investments

    beginning of year $14,396,426 · end of year $14,497,279

  • 3 · Pledges and grants receivable

    beginning of year $2,535,368 · end of year $2,283,767

  • 4 · Accounts receivable

    beginning of year $122,645 · end of year $94,491

  • 8 · Inventories for sale or use

    beginning of year $8,586,937 · end of year $8,468,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,387,114 · end of year $1,505,110

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

    $17,246,585

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

    $8,037,601

  • 10c · Land, buildings and equipment, net

    beginning of year $9,359,892 · end of year $9,208,984

  • 11 · Investments: publicly traded securities

    beginning of year $34,421,788 · end of year $43,856,026

  • 12 · Investments: other securities

    beginning of year $1,429,516 · end of year $1,545,593

  • 15 · Other assets

    beginning of year $322,010 · end of year $382,028

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,764,399 · end of year $3,720,775

  • 19 · Deferred revenue

    beginning of year $3,622,557 · end of year $3,923,281

  • 25 · Other liabilities

    beginning of year $2,765,727 · end of year $3,366,479

  • 27 · Net assets without donor restrictions

    beginning of year $56,681,344 · end of year $65,084,398

  • 28 · Net assets with donor restrictions

    beginning of year $6,275,462 · end of year $6,443,644

Mission and programs · 2025

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 $33,061,847 · Revenue $33,929,502

  • 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 $2,547,071 · Grants $114,883

  • 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 $1,052,757 · Revenue $57,822

As filed on the 2025 return.

Listed in Part VII

  • Chen Wang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deborah Cohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Jean Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Edward W Gray Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Frank C Steininger

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Gary Sterling

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • James Kraus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jon Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Schuman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Moussa Coulibaly

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Bravo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Renee Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sandra Nowak

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Steven Sasson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Wolf

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Hannah Paulin

    VICE PRESIDENT/CSO

    Total calculated
    $234,046
    From this org
    $173,961
    From related orgs
    $0
    Other
    $60,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,461
    Bonus
    $40,500
    Other
    $0
    Deferred
    $46,015
    Nontaxable benefits
    $14,070
    Filer's total
    $234,046

  • Katie Duffy

    SECRETARY/ GENERAL COUNSEL

    Total calculated
    $268,061
    From this org
    $252,130
    From related orgs
    $0
    Other
    $15,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,307
    Bonus
    $28,823
    Other
    $0
    Deferred
    $9,077
    Nontaxable benefits
    $6,854
    Filer's total
    $268,061

  • Michael Oister

    CEO TO 9/7, EXEC CHAIRMAN AT 9/8

    Total calculated
    $880,256
    From this org
    $672,955
    From related orgs
    $0
    Other
    $207,301
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $467,137
    Bonus
    $205,818
    Other
    $0
    Deferred
    $184,000
    Nontaxable benefits
    $23,301
    Filer's total
    $880,256

  • Monica Jones

    COO TO 9/7, CEO AT 9/8

    Total calculated
    $362,937
    From this org
    $290,215
    From related orgs
    $0
    Other
    $72,722
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $237,715
    Bonus
    $52,500
    Other
    $0
    Deferred
    $62,146
    Nontaxable benefits
    $10,576
    Filer's total
    $362,937

  • Taylor Smith

    TREASURER/EVP, FINANCE

    Total calculated
    $205,107
    From this org
    $154,319
    From related orgs
    $0
    Other
    $50,788
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $132,444
    Bonus
    $21,875
    Other
    $0
    Deferred
    $27,487
    Nontaxable benefits
    $23,301
    Filer's total
    $205,107

  • Ashley Kellicker

    EVP, EDUCATIONAL PARTNERSHIPS

    Total calculated
    $255,628
    From this org
    $218,594
    From related orgs
    $0
    Other
    $37,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,379
    Bonus
    $72,215
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $14,034
    Filer's total
    $255,628

  • Danilo Bernal

    DIRECTOR, REGISTRATION

    Total calculated
    $164,049
    From this org
    $143,154
    From related orgs
    $0
    Other
    $20,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,129
    Bonus
    $14,025
    Other
    $0
    Deferred
    $5,440
    Nontaxable benefits
    $15,455
    Filer's total
    $164,049

  • Rini Paiva

    EVP, SELECTION & RECOGNITION

    Total calculated
    $154,212
    From this org
    $142,158
    From related orgs
    $0
    Other
    $12,054
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $127,908
    Bonus
    $14,250
    Other
    $0
    Deferred
    $5,200
    Nontaxable benefits
    $6,854
    Filer's total
    $154,212

  • Tiffany Thompson

    VP, MARKETING & CREATIVE

    Total calculated
    $168,630
    From this org
    $131,630
    From related orgs
    $0
    Other
    $37,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,880
    Bonus
    $15,750
    Other
    $0
    Deferred
    $20,785
    Nontaxable benefits
    $16,215
    Filer's total
    $168,630

  • Tracie Merendino

    VP, EDUCATIONAL PARTNERSHIPS

    Total calculated
    $193,888
    From this org
    $164,150
    From related orgs
    $0
    Other
    $29,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,268
    Bonus
    $62,882
    Other
    $0
    Deferred
    $15,675
    Nontaxable benefits
    $14,063
    Filer's total
    $193,888

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: $52,500 HANNAH PAULIN: $40,500 TAYLOR SMITH: $21,875 ASHLEY KELLICKER: $17,000 TIFFANY THOMPSON: $15,750 TRACIE MERENDINO: $12,000 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

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.

Provenance

Return type
form_990
Tax year
2025
Filed
29 April 2026
IRS schema version
2025v4.1
Source object
202611209349300241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.