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← INNOVATION OHIO EDUCATION FUND

Form 990 for tax year 2023

Filed by INNOVATION OHIO EDUCATION FUND.

Totals

Total revenue
$446,331
Total expenses
$309,723
Contributions and grants received
$446,331
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$358,729
Total liabilities, end of year
$14,218
Net assets or fund balances, end of year
$344,511
Program services expenses (Part IX)
$201,181
Management and general expenses
$70,600
Fundraising expenses
$37,942
Program service expenses (Part III)
$201,181

Program services were 65.0% 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.

  • 1f · All other contributions, gifts and grants

    $446,331

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $54,000 · program services $13,500 · management and general $13,500 · fundraising $27,000

  • 7 · Other salaries and wages

    total $103,729 · program services $78,273 · management and general $19,228 · fundraising $6,228

  • 9 · Other employee benefits

    total $16,549 · management and general $16,549

  • 10 · Payroll taxes

    total $12,626 · program services $7,346 · management and general $2,620 · fundraising $2,660

  • 11b · Fees: legal

    total $1,211 · management and general $1,211

  • 11c · Fees: accounting

    total $7,098 · management and general $7,098

  • 11g · Fees: other

    total $51,401 · program services $51,401

  • 12 · Advertising and promotion

    total $23,402 · program services $23,402

  • 13 · Office expenses

    total $6,848 · program services $1,757 · management and general $3,334 · fundraising $1,757

  • 14 · Information technology

    total $297 · fundraising $297

  • 16 · Occupancy

    total $5,183 · management and general $5,183

  • 17 · Travel

    total $18,994 · program services $18,994

  • 19 · Conferences, conventions and meetings

    total $4,311 · program services $4,311

  • 23 · Insurance

    total $1,231 · management and general $1,231

  • 24a · Other expenses: Dues and Subscriptions

    total $2,297 · program services $2,197 · management and general $100

  • 24b · Other expenses: Professional Development

    total $546 · management and general $546

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,047 · end of year $7,849

  • 11 · Investments: publicly traded securities

    beginning of year $57,744 · end of year $57,714

  • 15 · Other assets

    beginning of year $130,148 · end of year $293,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,036 · end of year $14,218

  • 31 · Retained earnings, endowment or other funds

    beginning of year $207,903 · end of year $344,511

Mission and programs · 2023

Mission

Innovation Ohio Education Fund was organized to operate exclusively for charitable and educational purposes, including, but not limited to, providing the general public with information about public policy issues and initiatives impacting Ohioans.

  • Innovation Ohio Education Fund provided educational lectures and briefings to policy makers, community leaders and the general public on policy issues including education, economics, civil rights andcivic engagement.

    Expenses $201,181

As filed on the 2023 return.

Listed in Part VII

  • Desiree Tims

    CEO

    Total calculated
    $145,001
    From this org
    $54,000
    From related orgs
    $79,696
    Other
    $11,305
    Hours/week
    20 + 20 related

  • Jay Goyal

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Frances Strickland

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Janetta King

    Board Chair

    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Battleground Research Inc

    C Corp · Research · OH · 0% owned

Provenance

Return type
form_990
Tax year
2023
Filed
27 August 2024
IRS schema version
2023v5.1
Source object
202412419349301616

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