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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 38-3903952

THE CENTER FOR ADVANCING INNOVATION INC

Tax-exempt · BETHESDA, MD 20817

Financials

$310K$752K2023$433K$711K2024$13K$451K2025
Revenue Expenses · by fiscal year end
Financials of THE CENTER FOR ADVANCING INNOVATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$13,076$450,997-$437,921$299,168$0$299,168
December 31, 2024990$432,823$711,225-$278,402$875,820$0$875,820
December 31, 2023990$309,563$752,351-$442,788$1,167,399$13,177$1,154,222
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$13,076
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$340,500
Salaries, compensation and benefits (total)
$389,251
Professional fundraising fees
$0
Legal fees
$41
Accounting fees
$11,903
Occupancy
$8,089
Travel
$7,409
Program services (functional)
$98,553
Management and general (functional)
$352,444

Balance sheet and other

Total assets, start of year
$875,820
Total assets, end of year
$299,168
Total liabilities, end of year
$0
Net assets, end of year
$299,168
Net assets without donor restrictions
$299,168
Gross receipts
$13,076
Employees
2
Volunteers
12
Year formed
2012
State of legal domicile
MD

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
ROSEMARIE TRUMANCEO
Trustee or director, Officer
40$170,250
CODY LOCKECHIEF INNOVATION OFFICER
Officer
40$170,250
NICK DONOFRIOCHAIRMAN
Trustee or director
0$0
GIL PRICEDIRECTOR
Trustee or director
0$0
REGINALD SEETODIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
ROSEMARIE TRUMANCEO
Trustee or director, Officer
40$360,000
CODY LOCKECHIEF INNOVATION OFFICER
Officer
40$153,000
NICK DONOFRIOCHAIRMAN
Trustee or director
0$0
GIL PRICEDIRECTOR
Trustee or director
0$0
REGINALD SEETODIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
ROSEMARIE TRUMANCEO
Trustee or director, Officer
40$366,000
NICK DONOFRIOCHAIRMAN
Trustee or director
–$0
GIL PRICEDIRECTOR
Trustee or director
–$0
REGINALD SEETODIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
9508 BURNING TREE RD, BETHESDA, MD 20817-2229
In care of
% ROSEMARIE TRUMAN
Principal officer (990 for 2025)
Rosemarie Truman, 9508 Burning Tree Rd, Bethesda, MD 20817
Signed the 990
Cody Locke, Chief Innovation Officer
Phone
(202) 438-2208

Mission

THE CENTER FOR ADVANCING INNOVATION (CAI) IS A GLOBAL PUBLIC-PRIVATE PARTNERSHIP NON-PROFIT FOCUSED ON CREATING A VIRTUOUS CIRCLE OF INNOVATION AND DRIVING GROWTH BREAKTHROUGHS THROUGH NOVEL, CREATIVE PARADIGMS AND MODELS. CAI'S MISSION IS TO ACCELERATE AND INCREASE THE VOLUME OF RESEARCH COMMERCIALIZATION IN SUPPORT OF HIGH GROWTH BUSINESS IN ORDER TO IGNITE ENTREPRENEURSHIP, BOLSTER THE GLOBAL ECONOMY AND MAXIMIZE THE COMMERCIAL AND KNOWLEDGE-BASED POTENTIAL OF PROMISING INVENTIONS. CAI'S AWARD-WINNING CHALLENGE-BASED ACCELERATOR, RIGOROUS FACT-BASED DUE DILIGENCE AND CAPITAL EFFICIENT LEAN MANAGEMENT MODELS SERVE TO HYPER-ACCELERATE "GAZELLE" HIGH- PERFORMING STARTUPS FOR OUTSIZED INVESTOR RETURNS.

990 for the year ended December 31, 2025

Program accomplishments

  • The Global Health Innovation Challenge II (GHIC II) is orchestrated by the Center for Advancing Innovation (CAI) with support from the United States Economic Development Administration (EDA) Build to Scale (B2S) Program. As with CAI's prior challenges, teams will advance promising de-risked inventions selected with rigorous due diligence by potential investors and industry experts. Teams may also enter with their own commercially-viable inventions. CAI invites anyone to submit an idea with the potential to hyper-accelerate the future of health. An expert judging panel will select winners from the pool of teams, advancing promising inventions.
    Expenses $98,553

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2026 990-N for THE CENTER FOR ADVANCING INNOVATION INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
38-3903952
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$299,168
Income (IRS master file)
$13,076

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$13,076$450,997$299,168XML
990December 2024$432,823$711,225$875,820XML
990December 2023$309,563$752,351$1,167,399XML
990December 2022$637,435$847,024$1,628,888IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 38-3903952).

Questions about THE CENTER FOR ADVANCING INNOVATION INC

What is the EIN of THE CENTER FOR ADVANCING INNOVATION INC?
The employer identification number (EIN) of THE CENTER FOR ADVANCING INNOVATION INC is 38-3903952.
Is THE CENTER FOR ADVANCING INNOVATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to THE CENTER FOR ADVANCING INNOVATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE CENTER FOR ADVANCING INNOVATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of THE CENTER FOR ADVANCING INNOVATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE CENTER FOR ADVANCING INNOVATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of THE CENTER FOR ADVANCING INNOVATION INC?
The 990 for the year ended December 31, 2025 names Rosemarie Truman.
Who are the officers and directors of THE CENTER FOR ADVANCING INNOVATION INC?
The 990 for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $170,250 (ROSEMARIE TRUMAN, CEO).
How much revenue does THE CENTER FOR ADVANCING INNOVATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $13,076, expenses of $450,997 and total assets of $299,168 at year end.

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