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Innovate Washington Foundation

Ignite Northwest

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

EIN: 911726442 ✦ Spokane, WA ✦ Designated as a 501(c)(3)

Overview

What is Innovate Washington Foundation?

Innovate Washington Foundation, also known as Ignite Northwest, is a nonprofit organization based in Spokane, Washington. Their primary mission is to bring together innovators, researchers, entrepreneurs, and financial capital to create world-class companies and high-value jobs. By collaborating, convening, and connecting these entities, they aim to form the backbone of the region's future economy. The foundation's activities involve connecting innovators and researchers with the necessary resources to thrive, ultimately contributing to the economic growth of the area. With a modest workforce of three individuals, Innovate Washington Foundation plays a significant role in fostering a vibrant and prosperous local business landscape.


Official website here: www.ignitenorthwest.com

Is Innovate Washington Foundation legitimate?

Innovate Washington Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovate Washington 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: $262,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,492

For more financial information, click here


Official website here: www.ignitenorthwest.com

What is the mission statement of Innovate Washington Foundation?

The Innovate Washington Foundation serves to bring together innovators, researchers, entrepreneurs, and financial capital to create world-class companies and high-value jobs. This collaboration aims to form the backbone of the region's future economy. By connecting these entities, the foundation hopes to foster the growth of companies that will significantly contribute to the region's economic development. The goal is to provide a conducive environment that nurtures innovation and entrepreneurship, ultimately leading to job creation and economic growth.


Official website here: www.ignitenorthwest.com

Who is the CEO of Innovate Washington Foundation?

Thomas Simpson is the Ceo of Innovate Washington Foundation. The CEO's salary of Innovate Washington Foundation is $108,049 and their total compensation is $132,006.


Official website here: www.ignitenorthwest.com

What is the revenue of Innovate Washington Foundation?

Innovate Washington Foundation's revenue in 2022 was $1,197,636.


Official website here: www.ignitenorthwest.com

Who are the executives of Innovate Washington Foundation and what are their salaries?

The average compensation at Innovate Washington Foundation during 2022 was $138,895. There are 3 employees and 11 volunteers at Innovate Washington Foundation.

Here are 8 key members and their salaries (Innovate Washington Foundation's CEO's salary is $108,049 and their total compensation is $132,006):

    Thomas Simpson (Ceo) [Trustee/Director]
  • Compensation: $108,049
  • Related: $0
  • Other: $23,957

    • April Stoltz (Cfo)
  • Compensation: $100,421
  • Related: $0
  • Other: $29,767

    • Richard Denenny (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Skye Henderson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shelly Colomb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tyler Lafferty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Repp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wayne Williams (Director (Through January 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ignitenorthwest.com

    Where can I find the form 990 for Innovate Washington Foundation?

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


    Official website here: www.ignitenorthwest.com

    Learn more at the official website: www.ignitenorthwest.com

    Mission Statement of Innovate Washington Foundation

    Innovate Washington Foundation plays a pivotal role in connecting innovators and researchers with the necessary entrepreneurial and financial capital. This organization strives to foster the development of world-class companies and high-value jobs, which will ultimately serve as the foundation for the region's future economy. By collaborating, convening, and connecting, Innovate Washington Foundation aims to bridge the gap between groundbreaking ideas and the resources required to bring them to life. This mission is instrumental in propelling the region forward, ensuring a sustainable and prosperous economic landscape.

    Impact

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




    Saturday, July 20, 2024

    Innovate Washington Foundation plays a crucial role in fostering innovation and economic growth in the region by connecting innovators and researchers with entrepreneurial and financial resources. By supporting the development of world-class companies, they are contributing to the creation of high-value jobs that are essential for the future economy of the region. Their collaborative and convening efforts are pivotal in building a strong foundation for sustainable growth and prosperity in their community.





    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: $1,499
  • Program Service Revenue: $592,119
  • Gross Receipts: $1,197,636

    • Assets and Liabilities:
  • Total Assets: $8,489,904
  • Total Liabilities: $8,738,740
  • Net Assets: -$248,836
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BUILDING LEASE

    Revenue

    $383,398

    INTEREST ON LOAN FUNDS

    Revenue

    $203,773

    EVENT TICKET SALES

    Revenue

    $4,948

    Organization Details

    Founding Year

    1996

    Principal Officer

    Thomas Simpson

    Main Address

    518 W RIVERSIDE 203, SPOKANE, WA, 99201

    NTEE Category

    Code: T99 - Philanthropy

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