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Nonprofiteer
← INFORMATION TECHNOLOGY ANDINNOVATION FOUNDATION

Form 990 for tax year 2024

Filed by INFORMATION TECHNOLOGY ANDINNOVATION FOUNDATION.

Totals

Total revenue
$5,804,772
Total expenses
$6,925,232
Contributions and grants received
$5,250,562
Grants paid
$0
Program service revenue
$93,810
Investment income
$456,561
Other revenue
$3,839
Total assets, end of year
$12,154,237
Total liabilities, end of year
$3,516,459
Net assets or fund balances, end of year
$8,637,778
Program services expenses (Part IX)
$5,347,411
Management and general expenses
$1,180,812
Fundraising expenses
$397,009
Program service expenses (Part III)
$5,347,411

Program services were 77.2% 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

    $5,250,562

  • 2a · Program service revenue: Event Income

    total $56,307 · related or exempt $56,307

  • 2b · Program service revenue: Speaking Income

    total $22,190 · related or exempt $22,190

  • 2c · Program service revenue: Publications Income

    total $9,313 · related or exempt $9,313

  • 2d · Program service revenue: Sponsorships

    total $6,000 · related or exempt $6,000

  • 3 · Investment income

    total $334,339 · excluded $334,339

  • 7a · Gross sales of assets other than inventory

    securities $1,640,671

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

    securities $1,518,449

  • 7c · Gain or loss

    securities $122,222

  • 7d · Net gain or loss

    total $122,222 · excluded $122,222

  • 11a · Other revenue: Other Income

    total $3,839 · related or exempt $3,839

  • 11e · Other revenue, total

    $3,839

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,923,837 · program services $1,492,901 · management and general $294,092 · fundraising $136,844

  • 7 · Other salaries and wages

    total $2,321,506 · program services $1,801,493 · management and general $354,882 · fundraising $165,131

  • 8 · Pension plan contributions

    total $88,765 · program services $68,882 · management and general $13,569 · fundraising $6,314

  • 9 · Other employee benefits

    total $168,948 · program services $131,104 · management and general $25,826 · fundraising $12,018

  • 10 · Payroll taxes

    total $276,517 · program services $214,578 · management and general $42,270 · fundraising $19,669

  • 11b · Fees: legal

    total $16,954 · management and general $16,954

  • 11c · Fees: accounting

    total $37,815 · management and general $37,815

  • 11f · Fees: investment management

    total $72,023 · management and general $72,023

  • 11g · Fees: other

    total $808,278 · program services $561,128 · management and general $247,150

  • 12 · Advertising and promotion

    total $1,153 · program services $895 · management and general $176 · fundraising $82

  • 13 · Office expenses

    total $30,742 · program services $20,197 · management and general $8,953 · fundraising $1,592

  • 14 · Information technology

    total $61,224 · program services $47,509 · management and general $9,360 · fundraising $4,355

  • 16 · Occupancy

    total $457,145 · program services $412,946 · management and general $6,347 · fundraising $37,852

  • 17 · Travel

    total $172,966 · program services $172,966

  • 19 · Conferences, conventions and meetings

    total $279,323 · program services $279,323

  • 22 · Depreciation, depletion and amortization

    total $49,977 · program services $38,782 · management and general $7,640 · fundraising $3,555

  • 23 · Insurance

    total $46,412 · program services $36,016 · management and general $7,095 · fundraising $3,301

  • 24a · Other expenses: Dues & Subscriptions

    total $88,519 · program services $68,691 · management and general $13,532 · fundraising $6,296

  • 24e · All other expenses

    total $23,128 · management and general $23,128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,358,263 · end of year $1,005,157

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $155,705

  • 4 · Accounts receivable

    beginning of year $533,578 · end of year $21,504

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $83,140

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

    $359,288

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

    $205,237

  • 10c · Land, buildings and equipment, net

    beginning of year $172,283 · end of year $154,051

  • 11 · Investments: publicly traded securities

    beginning of year $7,526,594 · end of year $8,287,204

  • 15 · Other assets

    beginning of year $622,354 · end of year $2,447,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $499,567 · end of year $819,814

  • 19 · Deferred revenue

    beginning of year $1,296,000 · end of year $12,000

  • 25 · Other liabilities

    beginning of year $625,270 · end of year $2,684,645

  • 27 · Net assets without donor restrictions

    beginning of year $8,236,602 · end of year $8,437,778

  • 28 · Net assets with donor restrictions

    beginning of year $555,633 · end of year $200,000

Mission and programs · 2024

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 $5,347,411 · Revenue $93,810

As filed on the 2024 return.

Listed in Part VII

  • 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

  • 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

  • David Gross

    Director

    Total calculated
    $0
    Hours/week
    1

  • Khalil Gharbieh

    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

  • Laurie Self

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carroll Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Andy Wychoff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jesse Blumenthal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anupam Chander

    Director

    Total calculated
    $0
    Hours/week
    1

  • Liza Getsinger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ann Mettler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael O'Rielly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Atkinson

    President

    Total calculated
    $648,759
    From this org
    $606,902
    From related orgs
    $0
    Other
    $41,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $546,902
    Bonus
    $60,000
    Other
    $0
    Deferred
    $19,205
    Nontaxable benefits
    $22,652
    Filer's total
    $648,759

  • Daniel Castro

    Vice President

    Total calculated
    $341,577
    From this org
    $299,287
    From related orgs
    $0
    Other
    $42,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,287
    Bonus
    $20,000
    Other
    $15,000
    Deferred
    $17,485
    Nontaxable benefits
    $24,805
    Filer's total
    $341,577

  • Stephen Ezell

    Vice President

    Total calculated
    $280,672
    From this org
    $265,455
    From related orgs
    $0
    Other
    $15,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,455
    Bonus
    $15,000
    Other
    $25,000
    Deferred
    $15,000
    Nontaxable benefits
    $217
    Filer's total
    $280,672

  • Randolph Court

    CCO and Managing Editor

    Total calculated
    $385,829
    From this org
    $344,364
    From related orgs
    $0
    Other
    $41,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,864
    Bonus
    $35,000
    Other
    $17,500
    Deferred
    $18,813
    Nontaxable benefits
    $22,652
    Filer's total
    $385,829

  • Jacqueline Whisman

    Chief Development Officer

    Total calculated
    $233,023
    From this org
    $201,540
    From related orgs
    $0
    Other
    $31,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,540
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $19,483
    Filer's total
    $233,023

  • Stuart Dwyer

    Vice President

    Total calculated
    $231,068
    From this org
    $215,403
    From related orgs
    $0
    Other
    $15,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,403
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,165
    Nontaxable benefits
    $3,500
    Filer's total
    $231,068

  • Joe Coniglio

    Director

    Total calculated
    $188,636
    From this org
    $176,414
    From related orgs
    $0
    Other
    $12,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,414
    Bonus
    $20,000
    Other
    $0
    Deferred
    $4,738
    Nontaxable benefits
    $7,484
    Filer's total
    $188,636

  • Joe Kane

    Director

    Total calculated
    $184,297
    From this org
    $167,279
    From related orgs
    $0
    Other
    $17,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,279
    Bonus
    $15,000
    Other
    $0
    Deferred
    $9,245
    Nontaxable benefits
    $7,773
    Filer's total
    $184,297

  • Kristin Cotter

    Director

    Total calculated
    $155,752
    From this org
    $142,597
    From related orgs
    $0
    Other
    $13,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,597
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,265
    Nontaxable benefits
    $6,890
    Filer's total
    $155,752

  • Sandra Barbosu

    Associate Director

    Total calculated
    $124,656
    From this org
    $111,657
    From related orgs
    $0
    Other
    $12,999
    Hours/week
    40

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

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
The organization participates in a 457(f)for highly compensated officers. No plans vested or were paid out during calendar year 2024.

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.

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.

  • Candadian Centre for Innovation and Competitiveness

    501(c)(3) · Non-partisan research & education. · CA · controlled entity

    Directly controlled by ITIF

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.5
Source object
202630159349300603

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