Nonprofit · EIN 83-3365782
AMERICAN IDEA FOUNDATION INC
Tax-exempt · JANESVILLE, WI 53545
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $767,869 | $1,437,616 | -$669,747 | $9,001,246 | $87,838 | $8,913,408 |
| December 31, 2023 | 990 | $1,672,433 | $1,587,824 | $84,609 | $9,146,789 | $66,145 | $9,080,644 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $94,661
- of which government grants
- $45,000
- Program service revenue
- $0
- Investment income
- $673,208
- Net gain from sales of assets
- $455,469
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $350,000
- Compensation of officers, directors and key employees
- $863,987
- Salaries, compensation and benefits (total)
- $915,958
- Professional fundraising fees
- $0
- Legal fees
- $60,000
- Accounting fees
- $16,475
- Occupancy
- $14,438
- Travel
- $16,565
- Program services (functional)
- $1,032,381
- Management and general (functional)
- $299,942
- Fundraising (functional)
- $105,293
Balance sheet and other
- Total assets, start of year
- $9,146,789
- Total assets, end of year
- $9,001,246
- Total liabilities, end of year
- $87,838
- Net assets, end of year
- $8,913,408
- Publicly traded securities
- $7,008,119
- Net assets without donor restrictions
- $8,913,408
- Gross receipts
- $1,752,400
- Employees
- 5
- Volunteers
- 7
- Year formed
- 2019
- State of legal domicile
- WI
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 | Other / benefits |
|---|---|---|---|---|
| ANDREW SPETH | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $276,000 | $46,009 |
| KEVIN SEIFERT | VICE PRESIDENT/SENIOR ADVISOR Trustee or director, Officer | 40 | $194,763 | $18,584 |
| EDWARD MCCANN | VICE PRESIDENT OF POLICY & PROGRAMS Key employee | 40 | $162,318 | $6,493 |
| PATRICIA GUSE | SECRETARY/DIR. OF OPERATIONS Officer | 40 | $86,832 | $3,039 |
| SUSAN JACOBSON | TREASURER/DIR. OF ADMINISTRATION Officer | 25 | $30,254 | $12,368 |
| PAUL RYAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN BURKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEE STRONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY HIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DERRICK DOCKERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAKE KASTAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW SPETH | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $276,000 | $56,430 |
| KEVIN SEIFERT | VICE PRESIDENT/SENIOR ADVISOR Trustee or director, Officer | 40 | $193,526 | $16,028 |
| EDWARD MCCANN | VICE PRESIDENT OF POLICY & PROGRAMS Key employee | 40 | $162,121 | $6,608 |
| PATRICIA STONEKING | SECRETARY/DIR. OF OPERATIONS Officer | 40 | $84,303 | $5,064 |
| SUSAN JACOBSON | TREASURER/DIR. OF ADMINISTRATION Officer | 25 | $28,575 | $15,752 |
| PAUL RYAN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN BURKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEE STRONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CASEY HIGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DERRICK DOCKERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAKE KASTAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 S MAIN ST STE 300, JANESVILLE, WI 53545-3956
- Principal officer (990 for 2024)
- ANDREW SPETH, 101 S MAIN ST 300, JANESVILLE, WI 53545
- Signed the 990
- ANDREW SPETH, EXECUTIVE DIRECTOR
- Phone
- (608) 754-8099
- Website
- AMERICANIDEAFOUNDATION.COM
- Return prepared by
- WEGNER CPAS LLP
Mission
IN AMERICA, THE CIRCUMSTANCES OF YOUR BIRTH SHOULD NOT DETERMINE THE OUTCOME OF YOUR LIFE. THE AMERICAN IDEA FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING THE POLICIES AND PEOPLE WHO EVERY DAY GIVE MEANING TO THIS CONVICTION.THE FOUNDATION WORKS AT THE INTERSECTION OF GRASSROOTS, COMMUNITY-DRIVEN EFFORTS TO EXPAND OPPORTUNITY AND NATIONAL POLICYMAKERS WHO CAN IMPLEMENT CHANGE. THE FOUNDATION TAKES AN EVIDENCE-BASED APPROACH TO IDENTIFYING REAL-WORLD INITIATIVES THAT ARE ACHIEVING RESULTS, ARMING POLICYMAKERS WITH THE INFORMATION THEY NEED TO IMPROVE THE EFFORTS OF THE FEDERAL GOVERNMENT, AND LINKING PRACTITIONERS WITH ELECTED OFFICIALS TO REPLICATE THOSE SUCCESS STORIES IN OTHER COMMUNITIES IN NEED.THE AMERICAN IDEA FOUNDATION WILL DEMONSTRATE THAT IT IS THE BOTTOM-UP DYNAMISM OF INDIVIDUALS AND COMMUNITIES THAT TRULY MAKES AMERICA A LAND OF OPPORTUNITY AND PROSPERITY.
Program accomplishments
- IN AMERICA, THE CIRCUMSTANCES OF YOUR BIRTH SHOULD NOT DETERMINE THE OUTCOME OF YOUR LIFE. THE FOUNDATION IS A NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING THE POLICIES AND PEOPLE WHO EVERY DAY GIVE MEANING TO THIS CONVICTION. THE FOUNDATION WORKS AT THE INTERSECTION OF GRASSROOTS, COMMUNITY-DRIVEN EFFORTS TO EXPAND OPPORTUNITY AND NATIONAL POLICYMAKERS WHO CAN IMPLEMENT CHANGE. THE FOUNDATION TAKES AN EVIDENCE-BASED APPROACH TO IDENTIFYING REAL-WORLD INITIATIVES THAT ARE ACHIEVING RESULTS, ARMING POLICYMAKERS WITH THE INFORMATION THEY NEED TO IMPROVE THE EFFORTS OF THE FEDERAL GOVERNMENT, AND LINKING PRACTITIONERS WITH ELECTED OFFICIALS TO REPLICATE THOSE SUCCESS STORIES IN OTHER COMMUNITIES IN NEED. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO EXPANDING THE ADOPTION AND USE OF EVIDENCE-BASED PUBLIC POLICIES TO IMPROVE OUTCOMES AND EXPAND ECONOMIC OPPORTUNITIES. THE FOUNDATION HAS PROMOTED EFFORTS TO INCREASE THE SCOPE OF EVIDENCE BASED PUBLIC POLICIES VIA IN-PERSON EVENTS, VIRTUAL GATHERINGS, AND WRITTEN PRODUCTS. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO SHINING A LIGHT ON IDEAS SOLUTIONS THAT FIGHT POVERTY, PROMOTE UPWARD MOBILITY, AND GROW THE ECONOMY. THE FOUNDATION HAS DONE THIS BY UTILIZING SPEAKER PAUL RYAN'S PUBLIC PROFILE TO ENSURE THAT THE LAWS THAT WERE THE HALLMARK OF HIS CAREER ARE PROPERLY IMPLEMENTED AND EXECUTED. THE AMERICAN IDEA FOUNDATION IS COMMITTED TO WORKING WITH ACADEMIC PARTNERS AND RESEARCHERS TO ENSURE THAT COMMUNITY-BASED GROUPS' INITIATIVES AND SUCCESSES ARE VALIDATED BY DATA AND EMPIRICAL EVIDENCE. IT BRINGS POLICYMAKERS AND STAKEHOLDERS TO LOCAL ORGANIZATIONS AND EXPLAINS FIRST-HAND WHY THESE PROGRAMS ARE ACHIEVING RESULTS, WHAT EVIDENCE VALIDATES THEIR SUCCESS, AND HOW THESE SOLUTIONS CAN BE SCALED AND REPLICATED IN OTHER PARTS OF THE COUNTRY.Expenses $1,032,381 · grants $350,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 83-3365782
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R19)
- Assets (IRS master file)
- $9,001,246
- Income (IRS master file)
- $1,752,400
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $767,869 | $1,437,616 | $9,001,246 | XML |
| 990 | December 2023 | $1,672,433 | $1,587,824 | $9,146,789 | XML |
| 990 | December 2022 | $597,542 | $1,515,653 | $8,202,975 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-3365782).
Questions about AMERICAN IDEA FOUNDATION INC
- What is the EIN of AMERICAN IDEA FOUNDATION INC?
- The employer identification number (EIN) of AMERICAN IDEA FOUNDATION INC is 83-3365782.
- Is AMERICAN IDEA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to AMERICAN IDEA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN IDEA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN IDEA FOUNDATION INC 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 AMERICAN IDEA FOUNDATION INC 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 AMERICAN IDEA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names ANDREW SPETH.
- Who are the officers and directors of AMERICAN IDEA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 5 received compensation from the organization, the highest $276,000 (ANDREW SPETH, EXECUTIVE DIRECTOR).
- How much revenue does AMERICAN IDEA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $767,869, expenses of $1,437,616 and total assets of $9,001,246 at year end.
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