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Edison Innovation Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223442892 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

Overview

What is Edison Innovation Foundation?

Edison Innovation Foundation is a nonprofit organization situated in Newark, New Jersey, at 1 Riverfront Plaza, 3rd Floor. Its primary purpose is twofold: preserving and showcasing the historical facilities and documents related to Thomas Edison, where he invented innovations that significantly impacted the modern world. Additionally, the foundation aims to empower minorities and children by providing them with the necessary skills to pursue careers in science and technology. The organization boasts a modest workforce of three dedicated individuals.


Official website here: www.thomasedison.org

Is Edison Innovation Foundation legitimate?

Edison Innovation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edison Innovation Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $322,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,141

For more financial information, click here


Official website here: www.thomasedison.org

What is the mission statement of Edison Innovation Foundation?

The Edison Innovation Foundation's mission is centered around preserving and showcasing the historical facilities and documents associated with Thomas Edison's groundbreaking inventions that have significantly shaped the modern world. Additionally, the foundation is committed to supporting minority groups and children by equipping them with the necessary skills to pursue careers in science and technology.


Official website here: www.thomasedison.org

Who is the CEO of Edison Innovation Foundation?

John P Keegan is the Chairman,Pres of Edison Innovation Foundation.


Official website here: www.thomasedison.org

What is the revenue of Edison Innovation Foundation?

Edison Innovation Foundation's revenue in 2022 was $755,080.


Official website here: www.thomasedison.org

Who are the executives of Edison Innovation Foundation and what are their salaries?

The average compensation at Edison Innovation Foundation during 2022 was $152,887. There are 3 employees and 1 volunteers at Edison Innovation Foundation.

Here are 4 key members and their salaries:

    John P Keegan (Chairman,Pres) [Trustee/Director]
  • Compensation: $203,500
  • Related: $0
  • Other: $0

    • Thomas Ungerland (Exec Vice Pres) [Trustee/Director]
  • Compensation: $82,500
  • Related: $0
  • Other: $0

    • George Q Keegan (Treasurer/Secr) [Trustee/Director]
  • Compensation: $24,860
  • Related: $0
  • Other: $0

    • Wade Knowles (Vice President) [Trustee/Director]
  • Compensation: $11,660
  • Related: $0
  • Other: $0


  • Official website here: www.thomasedison.org

    Where can I find the form 990 for Edison Innovation Foundation?

    The Edison Innovation Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thomasedison.org

    Learn more at the official website: www.thomasedison.org

    Mission Statement of Edison Innovation Foundation

    The Edison Innovation Foundation, a nonprofit organization, is committed to preserving and promoting the historical facilities and papers of Thomas Edison, where he invented products that significantly shaped the modern world. Beyond this, the foundation aims to benefit minority groups and children by providing them with the necessary skills to pursue careers in science and technology. This dual mission of historical preservation and educational empowerment seeks to honor Edison's legacy while fostering a diverse workforce in the fields of science and technology.

    Impact

    This information is meant to be a general summary of Edison Innovation Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Edison Innovation Foundation's impact lies in preserving and promoting the historical facilities and papers of Thomas Edison, where he invented the products that shaped the modern world. Additionally, the foundation works to benefit minorities and children by providing them with the necessary skills to pursue careers in science and technology. Through these efforts, the foundation contributes to honoring the legacy of Thomas Edison and fostering the next generation of innovators and problem solvers.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $124,580
  • Program Service Revenue: $0
  • Gross Receipts: $985,523

    • Assets and Liabilities:
  • Total Assets: $2,149,726
  • Total Liabilities: $31,439
  • Net Assets: $2,118,287
  • Organization Details

    Founding Year

    1996

    Principal Officer

    John P Keegan

    Main Address

    1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ, 07102

    NTEE Category

    Code: A800 - Arts

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