Public Charity

THE CENTER FOR ADVANCING INNOVATION INC

THE CENTER FOR ADVANCING INNOVATION INC is a Public Charity headquartered in BETHESDA, MD. Financial data from the 2025 filing: $13K revenue, $451K expenses, $299K total assets. 3 publicly reported grants to this organization, totaling roughly $1.8M, appear in IRS filings.

EIN: 383903952 BETHESDA, MD Science & Technology N.E.C. NTEE: U99 Latest filing: 2025
Total Revenue$13K
Total Expenses$451K
Total Assets$299K
Grant Records3
Funding Total$1.8M
Filing Years2020–2025

Mission

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.

Where $100 goes at The Center for Advancing Innovation Inc

How The Center for Advancing Innovation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$79 Programs the work itself
$19 Management running the organization
$2 Fundraising raising the next dollar

Inside the $79 for programs

$79
The Global Health Innovation Challenge II (GHIC II) is orchestrated by The Center for Advancing Innovation (CAI) with support from the United States Economic Development Administration (EDA) Build…
All program spending
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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.

Officers & Directors

CHIEF INNOVATION OFFICER Cody Locke
DIRECTOR Gil Price
CHAIRMAN Nick Donofrio
DIRECTOR Reginald Seeto
CEO Rosemarie Truman

Officer compensation and complete director data available with membership.

Top Grant Purposes

Research & Policy
$1,840,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $13K $451K $299K
2024 $433K $711K $876K
2023 $310K $752K $1.2M
2022 $637K $847K $1.6M
2020 $1.3M $870K $2.2M

Between 2020 and 2025, reported annual revenue declined from $1.3M to $13K (-99%), with total assets most recently reported at $299K.

Interactive year-over-year charts and full filing details available with membership.

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