Innovation Fund America Inc
INNOVATION FUND AMERICA IS A NONPROFIT PARTNERING WITH COMMUNITY COLLEGES TO ACCELERATE THE GROWTH OF TECHNOLOGY STARTUPS THROUGH EARLY-STAGE FUNDING AND EDUCATION.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-96.3% YoY
Annual Giving
$750K
-57.0% YoY
Grant Count
7
-63.2% YoY
Avg Grant Size
$107K
+16.7% YoY
About Innovation Fund America Inc
Based on IRS filings
Innovation Fund America Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in ELYRIA, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 7 grants totaling $750K. Net investment income was $50K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,921 | $51,629 | $210,364 |
| Revenue | $75,113 | $25,000 | $25,000 |
| Expenses | $822,179 | $1,847,538 | $438,061 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $50,113 | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
74 grants across all recorded years
Open Grants
2 open opportunities from Innovation Fund America Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Prima Medical Inc ($150,000), Notus Labs Inc ($150,000), Mic Monitor Llc Dba Corrolytics ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LIGHT-HANDED ENTERPRISES LLC CLEVELAND, OH | START-UP FUNDING | $50,000 |
| PRIMA MEDICAL INC CLEVELAND, OH | START-UP FUNDING | $150,000 |
| NOTUS LABS INC CLEVELAND, OH | START-UP FUNDING | $150,000 |
| MIC MONITOR LLC DBA CORROLYTICS AKRON, OH | START-UP FUNDING | $150,000 |
| NEEZ21 INC LIMA, OH | START-UP FUNDING | $50,000 |
| TRUE CONCEPTS MEDICAL TECHNOLOGIES LLC WAYNESVILLE, OH | START-UP FUNDING | $150,000 |
| AUXILIUM HEALTH INC ALLIANCE, OH | START-UP FUNDING | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR ROY A CHURCH | PRESIDENT & CHAIR | 0.3 | — |
| DR MARCIA J BALLINGER | VICE PRESIDENT | 0.3 | — |
| DENNIS COCCO | DIRECTOR | 0.3 | — |
| TRACY GREEN | DIRECTOR | 0.3 | — |
| JULIE STRAZZO | SECRETARY | 0.3 | — |
| JOSEPH MARTIN | TREASURER | 5 | $17,000 |
| JON VOLPE | DIRECTOR | 0.3 | — |
| JIM WALBORN | DIRECTOR | 0.3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Innovation Fund America Inc?
Innovation Fund America Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in ELYRIA, OH. It holds $2K in total assets as of 2024.
How large is Innovation Fund America Inc?
As of 2024, Innovation Fund America Inc holds $2K in total assets with $75K in annual revenue. It awarded 7 grants totaling $750K in 2024.
Where does Innovation Fund America Inc operate?
Innovation Fund America Inc has awarded grants in Ohio, Wyoming.
What size grants does Innovation Fund America Inc award?
In 2024, Innovation Fund America Inc awarded 7 grants totaling $750K — an average of about $107K per grant, based on its IRS Form 990 filings.
What is Innovation Fund America Inc's EIN?
Innovation Fund America Inc's EIN (Employer Identification Number) is 46-1761848. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Innovation Fund America Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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