Nonprofit · EIN 20-0072527
OREGON INNOVATION FOUNDATION
Tax-exempt · CORVALLIS, OR 97333
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $35,350 | $74,515 | -$39,165 | $25,825 | $0 | $25,825 |
| December 31, 2023 | 990 | $168,326 | $83,544 | $84,782 | $86,490 | $21,500 | $64,990 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $35,350
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,400
- Salaries, compensation and benefits (total)
- $50,400
- Professional fundraising fees
- $0
- Accounting fees
- $1,786
- Program services (functional)
- $58,079
- Management and general (functional)
- $11,016
- Fundraising (functional)
- $5,420
Balance sheet and other
- Total assets, start of year
- $86,490
- Total assets, end of year
- $25,825
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,825
- Net assets without donor restrictions
- $25,825
- Gross receipts
- $35,350
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2003
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DWAYNE JOHNSON | Chairman Trustee or director, Officer | 16 | $50,400 |
| MIKE WHITE | Treasurer/SEC Trustee or director, Officer | 0.75 | $0 |
| CASEY PEARLMAN | Director Trustee or director | 0.5 | $0 |
| WILF PENFOLD | Director Trustee or director | 0.75 | $0 |
| MICHELLE SOARES | Director Trustee or director | 0.5 | $0 |
| JERRY WALKER | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DWAYNE JOHNSON | Chairman Trustee or director, Officer | 16 | $22,400 |
| MIKE WHITE | Treasurer/SEC Trustee or director, Officer | 0.75 | $0 |
| CASEY PEARLMAN | Director Trustee or director | 0.5 | $0 |
| WILF PENFOLD | Director Trustee or director | 0.75 | $0 |
| MICHELLE SOARES | Director Trustee or director | 0.5 | $0 |
| JERRY WALKER | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 460 SW MADISON AVE STE 11, CORVALLIS, OR 97333-4748
- Principal officer (990 for 2024)
- DWAYNE JOHNSON, 3439 NE SANDY BLVD 270, PORTLAND, OR 97232
- Signed the 990
- DWAYNE JOHNSON, Chairman
- Phone
- (971) 217-7396
- Return prepared by
- GREGG S BOSSEN CPA PC
Mission
To ignite and amplify a culture of creative problem solving and empower the next generation of innovators to meet some of the biggest challenges facing our state.
Program accomplishments
- For the year ended December 31, 2024 the organization operated the following programs:1.Network & Community Development Program: This foundational program focuses on building, managing, and maintaining valuable relationships that accelerate our work and foster collaboration.2.Fiscal Sponsorship Program: We support individuals and groups with innovative ideas for civic innovation, providing the administrative and financial infrastructure they need to bring their ideas to life.3.Research, Reporting, and Learning Program: We focus on continuous learning and sharing insights through research, reporting, and evaluation.Expenses $58,079
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0072527
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Science and technology (U19)
- Assets (IRS master file)
- $25,825
- Income (IRS master file)
- $35,350
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $35,350 | $74,515 | $25,825 | XML |
| 990 | December 2023 | $168,326 | $83,544 | $86,490 | XML |
| 990 | December 2022 | $0 | $4,243 | $1,708 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0072527).
Questions about OREGON INNOVATION FOUNDATION
- What is the EIN of OREGON INNOVATION FOUNDATION?
- The employer identification number (EIN) of OREGON INNOVATION FOUNDATION is 20-0072527.
- Is OREGON INNOVATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to OREGON INNOVATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OREGON INNOVATION FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OREGON INNOVATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OREGON INNOVATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OREGON INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names DWAYNE JOHNSON.
- Who are the officers and directors of OREGON INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $50,400 (DWAYNE JOHNSON, Chairman).
- How much revenue does OREGON INNOVATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $35,350, expenses of $74,515 and total assets of $25,825 at year end.
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All nonprofits in CORVALLIS · Oregon · Science and technology