Innovative Solutions for Non-Profits Inc
Innovative Solutions for Non-Profits Inc is a private foundation, based in Cranston, RI. IRS filing data is available from 2021 through 2022. In 2022, it awarded 3 grants totaling $240K. Net investment income was $103K.
Innovative Solutions for Non-Profits Inc at a glance
In short: Innovative Solutions for Non-Profits Inc gave $240K across 3 grants in 2022 (avg $80K), mostly in Rhode Island. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $240,000
- Grants made (2022)
- 3
- Average grant
- $80,000
- Median grant
- $100,000
- Primary geography
- Rhode Island (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Innovative Solutions for Non-Profits Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
The largest 2022 recipient was RI Community Food Bank ($100K). Together the top 3 received $240K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 3 grants totaling $240K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| RI Community Food Bank Providence, RI | Operations | $100,000 |
| YWCA of Northern RI Woonsocket, RI | Operations | $100,000 |
| Southside Cultural Center of RI Providence, RI | Operations | $40,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2022 | — | $7,797 | $411,343 | $240,000 | 3 | $302,872 | $102,936 |
| 2021 | $212,333 | $2,303 | $28,548 | — | — | — | $21 |
Leadership & Key People
Officers and directors from IRS filings
Innovative Solutions for Non-Profits Inc is led by William Walter, President & CEO on every filing since 2021; 1 of 4 officers listed in 2022 is compensated.
Officers on the 2022 filing
William Walter
President & CEO
On filings since 2021
20 hrs/week
$135K (2022)
Richard Sullivan
Chair & Treasurer
On filings since 2021
0.3 hrs/week
No compensation reported
Peter Coop
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Karen Allen Baxter
Secretary
On filings since 2021
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: JOHN McCAULEY (2021) — Director
Data from IRS Form 990 filings, 2021–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $135K, to William Walter (Pres. & CEO).
Frequently asked questions about Innovative Solutions for Non-Profits Inc
How much does Innovative Solutions for Non-Profits Inc give each year?
Innovative Solutions for Non-Profits Inc gave $240K across 3 grants in 2022, according to its 2022 IRS Form 990-PF.
What is Innovative Solutions for Non-Profits Inc's typical grant size?
Innovative Solutions for Non-Profits Inc's median grant in 2022 was $100,000, and its average grant was $80,000, across 3 grants on its 2022 IRS Form 990-PF.
Where does Innovative Solutions for Non-Profits Inc give grants?
Innovative Solutions for Non-Profits Inc gives mostly in Rhode Island: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Providence, RI (2 grants).
Does Innovative Solutions for Non-Profits Inc give general operating support?
Not in 2022: none of the 3 grants with a stated purpose on Innovative Solutions for Non-Profits Inc's 2022 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (3 grants).
What is Innovative Solutions for Non-Profits Inc's EIN?
Innovative Solutions for Non-Profits Inc's EIN (Employer Identification Number) is 26-2117460. IRS Form 990 filing data is available on this page for 2021–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2022
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