Innovation State Inc in Sacramento, California (CA)
Table of contents:
| Innovation State Inc | |
| Employer Identification Number (EIN) | 455543555 |
| Name of Organization | Innovation State Inc |
| In Care of Name | PAUL GLADFELTY |
| Address | 1201 K Street Ste 750, Sacramento, CA 95814 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 11/2013 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2014 |
| Assets | $0 |
| Income | $0 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $56,403 |
| Amount of Income | $60,000 |
| Form 990 Revenue Amount | $60,000 |
| National Taxonomy of Exempt Entities (NTEE) | Social Science Research Institutes, Services: Economics (as a social science) |
Non-representatives - add comments:
Amount of income in 2014: $60,000 (it was $60,000 in 2013)
| This organization: | $60,000 |
| Other organizations performing similar types of work: | $140,750 |
Assets in 2014: $56,403 (it was $56,403 in 2013)
| Innovation State Inc: | $56,403 |
| Other organizations performing similar types of work: | $66,406 |
Expenses in 2013: $7,128
| Innovation State Inc: | $7,128 |
| Other organizations performing similar types of work: | $186,154 |
Income to expenses ratio in 2013: 8.4
| This organization: | 8.4 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 98.2% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $60,000 |
| Contributions, gifts, grants, and similar amounts received | $60,000 |
| Program service revenue including government fees and contracts | $0 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $0 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $7,128 |
| Total net assets | $52,603 |
| Excess/Deficit for the year | $52,872 |
| Net assets or fund balances at beginning of year | $-269 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $52,603 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $56,403 |
| Total liabilities | $3,800 |
| Net assets or fund balances | $52,603 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $60,000 |
| Subtotal Support | $60,000 |
| Gifts, grants, contributions, and membership fees received | $60,000 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $60,000 |
| Public Support | $60,000 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Institute For New Economic Thinking Inc | 5th Floor, New York, NY 10010 | NY | 2010-11 | $10,907,604 |
| 2 | Sifma Foundation For Investor Education Fie Inc | 120 Broadway, New York, NY 10271-0002 | NY | 1977-10 | $3,185,206 |
| 3 | Better Markets Inc | 1825 K St Nw Ste 1080, Washington, DC 20006-1241 | DC | 2010-12 | $3,060,489 |
| 4 | Thomas R Brown Foundation | PO BOX 31930, Tucson, AZ 85751-1930 | AZ | 2005-01 | $842,050 |
| 5 | Gen Next Foundation | 4100 Macarthur Blvd, Newport Beach, CA 92660-2069 | CA | 2010-12 | $730,882 |
| 6 | Schumacher Center For A New Economics | 140 Jug End Rd, Gt Barrington, MA 01230-9724 | MA | 2013-11 | $682,177 |
| 7 | Puget Sound Sage | 1032 S Jackson St Ste 203, Seattle, WA 98104-3038 | WA | 2008-04 | $678,504 |
| 8 | Texans Together Education Fund | 4509 Edgemont Dr, Austin, TX 78731-5223 | TX | 2006-12 | $518,709 |
| 9 | Technet Foundation Inc, Convergeus | 5050 El Camino Real Ste 106, Los Altos, CA 94022-1526 | CA | 2010-02 | $504,799 |
| 10 | Services Along The Nile International Inc | 9275 Gainford St, Downey, CA 90240 | CA | 2007-06 | $63,455 |
| 11 | Innovation State Inc | 1201 K Street Ste 750, Sacramento, CA 95814 | CA | 2013-11 | $60,000 |
| 12 | Horizon Institute | 46 E Peninsula Center Drive, Palos Verdes Peninsula, CA 90274-3558 | CA | 2008-11 | $20,000 |
| 13 | Polish American Foundation For Econ Omic Research & Education | PO BOX 1475, Torrance, CA 90505-0475 | CA | 2001-03 | $3,100 |
| 14 | Sfecon | 9 Catalina Point Rd, Chico, CA 95928-3929 | CA | 2011-10 | $500 |
| 15 | Just Economics Inc | 958 Cornell Ave, Albany, CA 94706-2012 | CA | 1998-12 | $13 |
| 16 | Naj Economics | 540 Lillian Way, Los Angeles, CA 90004-1106 | CA | 2002-08 | $1 |
| 17 | Bay Area Economic Forum Foundation | 201 California St Ste 1450, San Francisco, CA 94111-5016 | CA | 2001-09 | $0 |
| 18 | Bicoastal Research And Development | 125 Clara Ave Apt 3, Ukiah, CA 95482-4072 | CA | 2001-06 | $0 |
| 19 | Pacific Institute For Social And Economic Research | 445 Surfview Dr, Pacific Pallsades, CA 90272-2918 | CA | 2006-12 | $0 |
| 20 | Sf Qwafafew | 716 Santa Fe Ave, Albany, CA 94706-1806 | CA | 2005-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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