Totals
- Total revenue
- $171,001
- Total expenses
- $706,008
- Contributions and grants received
- $80,250
- Grants paid
- $530,744
- Program service revenue
- $0
- Investment income
- -$39,863
- Other revenue
- $130,614
- Total assets, end of year
- $2,824,984
- Total liabilities, end of year
- $501,256
- Net assets or fund balances, end of year
- $2,323,728
- Program services expenses (Part IX)
- $700,508
- Management and general expenses
- $5,500
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $700,508
Program services were 99.2% 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.
-
1d · Related organizations
$25,250
-
1f · All other contributions, gifts and grants
$55,000
-
1g · Noncash contributions included above
$55,000
-
3 · Investment income
total $58,878 · excluded $58,878
-
6a · Gross rents
real property $129,883
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $129,883
-
6d · Net rental income or loss
total $129,883 · excluded $129,883
-
7a · Gross sales of assets other than inventory
other assets $376,258
-
7b · Less cost or other basis and sales expenses
other assets $474,999
-
7c · Gain or loss
other assets -$98,741
-
7d · Net gain or loss
total -$98,741 · excluded -$98,741
-
11a · Other revenue: Refund of Closing Cost
total $731 · excluded $731
-
11e · Other revenue, total
$731
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $530,744 · program services $530,744
-
11b · Fees: legal
total $5,500 · management and general $5,500
-
11g · Fees: other
total $45,761 · program services $45,761
-
16 · Occupancy
total $32,402 · program services $32,402
-
20 · Interest
total $16,108 · program services $16,108
-
22 · Depreciation, depletion and amortization
total $5,455 · program services $5,455
-
23 · Insurance
total $6,456 · program services $6,456
-
24a · Other expenses: Repairs
total $63,582 · program services $63,582
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $253,179 · end of year $199,720
-
7 · Other notes and loans receivable
beginning of year $928,140 · end of year $867,006
-
10a · Land, buildings and equipment: cost or other basis
$1,795,000
-
10b · Land, buildings and equipment: accumulated depreciation
$36,742
-
10c · Land, buildings and equipment, net
beginning of year $2,013,712 · end of year $1,758,258
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $147,752
-
25 · Other liabilities
beginning of year $336,296 · end of year $353,504
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $2,858,735 · end of year $2,323,728
Mission and programs · 2023
Mission
Ignite giving and generosity in the community to support the mission of Innovia Foundation and to hold property as needed for the Foundation.
Activities or mission (Part I)
Support Innovia Foundation for the benefit of local charities.
-
The Foundation's purpose is to act as support for Innovia Foundation, igniting giving and generosity in the community, and to carry out charitable purposes that support the overall mission of Innovia Foundation.
Expenses $700,508 · Grants $530,744
As filed on the 2023 return.
Listed in Part VII
-
Michael Bibin
President
- Total calculated
- $0
- Hours/week
- 1
-
Adam Gelhausen
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Shelley Bennet
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Crandall
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marcelo Morales
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Jim Black
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Kragt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise Stewart
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carol Hunter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Welsh
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shelly O'Quinn
Innovia CEO
- Total calculated
- $334,937
- From this org
- $0
- From related orgs
- $301,304
- Other
- $33,633
- Hours/week
- 0.2 + 39.8 related
Schedule J breakdown matched by us
- Base
- $0 + $244,194 related
- Bonus
- $0 + $57,110 related
- Other
- $0
- Deferred
- $0 + $23,357 related
- Nontaxable benefits
- $0 + $11,345 related
- Filer's total
- $0 + $336,006 related
-
Lauren Autrey
Innovia CFOO
- Total calculated
- $197,811
- From this org
- $0
- From related orgs
- $172,482
- Other
- $25,329
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $145,196 related
- Bonus
- $0 + $27,286 related
- Other
- $0
- Deferred
- $0 + $14,520 related
- Nontaxable benefits
- $0 + $10,809 related
- Filer's total
- $0 + $197,811 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
None.
Answered no
- 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
The filer's explanations (Part III)
- Part I, Line 3
- The organization relies upon a related organization to establish compensation. The related organization uses one or more of these methods.
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
-
$530,744
Grant to support charitable giving and generosity in the community.
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.
-
501(c)(3) · Supporting other non-profits & igniting generosity in the community. · WA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349306091
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