The Center for Advancing Innovation Inc
The Center for Advancing Innovation (CAI) is a global public-private partnership non-profit focused on creating a virtuous circle of innovation and driving growth breakthroughs through novel, creative paradigms and models. CAI's mission is to accelerate and increase the volume of research commercialization in support of high growth business in order to ignite entrepreneurship, bolster the global economy and maximize the commercial and knowledge-based potential of promising inventions. CAI's award-winning challenge-based accelerator, rigorous fact-based due diligence and capital efficient lean management models serve to hyper-accelerate "gazelle" high- performing startups for outsized investor returns.
The Center for Advancing Innovation Inc at a glance
- Total assets
- $299,168
- -65.8% vs 2024
- Revenue (2025)
- $13,076
- -97.0% vs 2024
- Net investment income (2025)
- $13,076
- -47.0% vs 2024
- Expenses (2025)
- $450,997
- -36.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Center for Advancing Innovation Inc funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $100K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $299,168 | $13,076 | $450,997 | — | — | $13,076 |
| 2024 | $875,820 | $432,823 | $711,225 | — | — | $24,671 |
| 2023 | $1,167,399 | $309,563 | $752,351 | — | — | $44,139 |
| 2022 | $1,628,888 | $637,435 | $847,024 | — | — | $18,461 |
| 2021 | $1,838,004 | $319,748 | $715,187 | — | — | $-419 |
| 2020 | $2,241,443 | $1,279,885 | $870,052 | $99,998 | 1 | $6,052 |
About The Center for Advancing Innovation Inc
Based on IRS filings
The Center for Advancing Innovation Inc is a public charity focused on Science & Technology, based in Bethesda, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $299K in total assets. Net investment income was $13K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Center for Advancing Innovation Inc is led by Rosemarie Truman, CEO on every filing since 2020; 2 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Rosemarie Truman
CEO
On filings since 2020
40 hrs/week
$360K (2020) → $170K (2025)
Nick Donofrio
Chairman
On filings since 2020
No compensation reported
Gil Price
Director
On filings since 2020
No compensation reported
Reginald Seeto
Director
On filings since 2020
No compensation reported
Cody Locke
Chief Innovation Officer
On filings since 2024
40 hrs/week
$153K (2024) → $170K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $170K, to Rosemarie Truman (CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Center for Advancing Innovation Inc
How large is The Center for Advancing Innovation Inc?
The Center for Advancing Innovation Inc reported $299K in total assets on its 2025 IRS Form 990. Its revenue that year was $13K.
What is The Center for Advancing Innovation Inc?
The Center for Advancing Innovation Inc is a public charity focused on Science & Technology, based in Bethesda, MD. It holds $299K in total assets as of 2025.
Where does The Center for Advancing Innovation Inc operate?
The Center for Advancing Innovation Inc has awarded grants in Maryland.
What is The Center for Advancing Innovation Inc's EIN?
The Center for Advancing Innovation Inc's EIN (Employer Identification Number) is 38-3903952. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
Live grants for the work The Center for Advancing Innovation Inc funds
Science & Technology Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Center for Advancing Innovation Inc's focus areas in our free grants database
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The Center for Advancing Innovation Inc down — hundreds of funders to go?