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Nonprofiteer
← THE FOUNDATION FOR AMERICAN INNOVATION

Form 990 for tax year 2024

Filed by THE FOUNDATION FOR AMERICAN INNOVATION.

Totals

Total revenue
$5,149,927
Total expenses
$3,719,664
Contributions and grants received
$5,106,107
Grants paid
$9,500
Program service revenue
$42,816
Investment income
$74
Other revenue
$930
Total assets, end of year
$3,709,441
Total liabilities, end of year
$282,190
Net assets or fund balances, end of year
$3,427,251
Program services expenses (Part IX)
$2,876,107
Management and general expenses
$545,134
Fundraising expenses
$298,423
Program service expenses (Part III)
$2,876,107

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GARRETT JOHNSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN SOLTIS ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATIE BIBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SOLANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURENT CRENSHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALLISON SWOPE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL KRATSIOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AARON GINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KMELE FOSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAMARA WINTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEG REISS

    BOARD MEMBER FROM 04/24

    Total calculated
    $0
    Hours/week
    1

  • REIHAN SALAM

    BOARD MEMBER FROM 04/24

    Total calculated
    $0
    Hours/week
    1

  • MARK JOHNSON

    BOARD MEMBER FROM 04/24

    Total calculated
    $0
    Hours/week
    1

  • GRACE MEYER

    CHIEF OPERATING OFFICER

    Total calculated
    $195,719
    From this org
    $172,069
    From related orgs
    $0
    Other
    $23,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,069
    Bonus
    $0
    Other
    $0
    Deferred
    $10,606
    Nontaxable benefits
    $13,044
    Filer's total
    $195,719

  • LOREN ZACHARY GRAVES

    EXECUTIVE DIRECTOR

    Total calculated
    $282,414
    From this org
    $254,749
    From related orgs
    $0
    Other
    $27,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,749
    Bonus
    $0
    Other
    $0
    Deferred
    $15,510
    Nontaxable benefits
    $12,155
    Filer's total
    $282,414

  • MAX BODACH

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $118,103
    From this org
    $104,794
    From related orgs
    $0
    Other
    $13,309
    Hours/week
    40

  • DANIEL PETER LIPS

    HEAD OF POLICY

    Total calculated
    $203,294
    From this org
    $177,042
    From related orgs
    $0
    Other
    $26,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,042
    Bonus
    $0
    Other
    $0
    Deferred
    $11,040
    Nontaxable benefits
    $15,212
    Filer's total
    $203,294

  • BRANDON MARK DETWEILER

    HEAD OF PRODUCT

    Total calculated
    $170,191
    From this org
    $149,548
    From related orgs
    $0
    Other
    $20,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,548
    Bonus
    $0
    Other
    $0
    Deferred
    $5,250
    Nontaxable benefits
    $15,393
    Filer's total
    $170,191

  • SAMUEL HAMMOND

    SENIOR ECONOMIST

    Total calculated
    $278,588
    From this org
    $255,126
    From related orgs
    $0
    Other
    $23,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,126
    Bonus
    $0
    Other
    $0
    Deferred
    $15,300
    Nontaxable benefits
    $8,162
    Filer's total
    $278,588

  • TIMOTHY LIVINGSTON

    DIRECTOR OF ENGINEERING

    Total calculated
    $148,146
    From this org
    $124,877
    From related orgs
    $0
    Other
    $23,269
    Hours/week
    40

  • LUKE HOGG

    DIRECTOR OF OUTREACH

    Total calculated
    $121,830
    From this org
    $108,386
    From related orgs
    $0
    Other
    $13,444
    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 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202503169349305405

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