The Innovation Foundation Inc

Education organization based in Chicago, IL. 1 employees. Exempt under §501(c)(3).

MissionTHE INNOVATION FOUNDATION IS DOING BUSINESS AS THE STREET PHILOSOPHER SOCIETY, A PROGRAM ESTABLISHED TO IDENTIFY, HONOR, AND AMPLIFY MODERN PHILOSOPHERS WHOSE WISDOM IS ROOTED IN LIVED EXPERIENCE RATHER THAN ACADEMIC TRAINING. THE SOCIETY EXISTS TO RECOGNIZE THESE INDIVIDUALS

EIN
80-0633175
State
IL
Sector
Education
Budget band
$500K–$1M
Latest filing
TY 2020
Records
1 officers · 2 years

Financial snapshot · TY 2020

$788K
Total revenue
$1.6M
Total expenses
$651K
Net assets

Financial health · TY 2024

39
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
19
3.5 months of expenses
Program efficiency
77
81% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Megan M Mcdonald Paulson
EXECUTIVE DIRECTOR
$131,700
85th percentile vs. peers

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The Innovation Foundation Inc Executive Compensation | 990 Data | DoubleNine