Mission
INNOVATION FUND AMERICA IS A NONPROFIT PARTNERING WITH COMMUNITY COLLEGES TO ACCELERATE THE GROWTH OF TECHNOLOGY STARTUPS THROUGH EARLY-STAGE FUNDING AND EDUCATION.
Public Charity
INNOVATION FUND AMERICA INC
Based in ELYRIA, OH, INNOVATION FUND AMERICA INC operates as a Public Charity. The organization reported $50K in revenue, $1.8M in expenses, $68K in total assets for fiscal year 2025. Imperigo tracks 90 reported grants from this foundation totaling approximately $6.1M.
EIN: 461761848
ELYRIA, OH
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$50K
Total Expenses$1.8M
Total Assets$68K
Grants Given90
Grant Total$6.1M
Filing Years2021–2025
Where $100 goes at Innovation Fund America Inc
How Innovation Fund America Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$98
Programs
the work itself
$2
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $98 for programs
$98
Innovation Fund America Inc
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Innovation Fund America Inc
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
BOWERBAGS LLC
START-UP FUNDING
$150,000
COURTESY CUPS LLC
START-UP FUNDING
$150,000
MIC MONITOR LLC -DBA CORROLYTICS
START-UP FUNDING
$150,000
BAILOUT SYSTEMS INC
START-UP FUNDING
$150,000
SYMPHONY ROBOTICS
START-UP FUNDING
$150,000
Showing up to 5 of 90 total records — full history available with membership.
Officers & Directors
DIRECTOR
Dennis Cocco
VICE PRESIDENT
Dr Marcia J Ballinger
PRESIDENT & CHAIR
Dr Roy A Church
DIRECTOR
Jim Walborn
DIRECTOR
Jon Volpe
TREASURER
Joseph Martin
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $50K | $1.8M | $68K |
| 2024 | $75K | $822K | $2K |
| 2023 | $25K | $1.8M | $52K |
| 2022 | $25K | $438K | $210K |
| 2021 | — | $912K | $7K |
Between 2022 and 2025, reported annual revenue grew from $25K to $50K (+100%), with total assets most recently reported at $68K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in OH, WY.
OHWY
Full geographic grant map with state-by-state breakdown available with membership.