Information Technology Andinnovation Foundation FY2023 filing

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Itif is a non-partisan research and educational institute.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$2.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $434K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.2M
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $6.7M in investments, Pt X · Ln 11–13
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $756K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+8% vs prior year
Spent
$7.5M
To programs
69%
Net assets
$8.2M
By yearFY2021–FY2025
Revenue
$7.6M
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.4M
FY2022$7.0M
FY2023$7.6M
FY2024$6.6M
FY2025$5.8M
Expenses
$7.5M
FY2023▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.6M
FY2022$5.5M
FY2023$7.5M
FY2024$6.8M
FY2025$6.9M
Net assets
$8.2M
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$5.8M
FY2022$7.3M
FY2023$8.2M
FY2024$8.8M
FY2025$8.6M

From the FY2023 Form 990 (year ending February 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $5.2M Management & general 29% · $2.2M Fundraising 2% · $140K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$614,781Pt VII · Sec A
Cco and Managing Editor
$322,004Pt VII · Sec A
Vice President
$273,046Pt VII · Sec A
Vice President
$248,898Pt VII · Sec A
Chief Development Officer
$197,554Pt VII · Sec A
Assoc Dir., Antitrust & Innovation Policy
$144,564Pt VII · Sec A
Director., Schumpeter Project
$140,496Pt VII · Sec A
Assoc Dir., Trade Policy
$135,440Pt VII · Sec A

Robert Atkinson’s $607K as President is at the 98th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Robert Atkinson$606,902$547,867$614,781$1,119,232$533,757
Daniel Castro$299,287$250,000$273,046$610,909$248,191
Stephen Ezell$265,455$230,000$248,898$603,401$232,541
Randolph Court$344,364$290,000$322,004$311,632$306,173
Stuart Dwyer$215,403$211,500$107,662——
Jacqueline Whisman$201,540$180,000$197,554$201,323$191,655
Jacqueline Wisman———$201,323—
Joe Coniglio$176,414————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Information Technology Andinnovation Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Researches and educates on technology and innovation policy.

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1 program · $5.2M · in their own filed words · FY2022
01

Itif Is a Nonpartisan Research and Educational Institute

A think tank - whose mission is to formulate, evaluate, and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress. Itif focuses on a host of critical issues at the intersection of technological innovation and public policy - including in the areas of innovation and…

$5.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$7.3M
Investment incomeLn 3$162K
Fees for servicesLn 2g$117K
Money outPt IX
$7.5M
Ln 25
Programscol B$5.2M
Managementcol C$2.2M
Fundraisingcol D$140K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$11.6M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
34
listed · VII A
PaidVII A10
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.3M
Fees for servicesLn 2g$117K
Investment incomeLn 3$162K
Other incomeLn 4–11$16K
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$3.7M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$6.7M
Land, buildings, equipmentLn 10c$198K
Other assetsLn 15$502K
Total assetsLn 16$11.6M
LiabilitiesLn 26$3.4M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 531
VolunteersI 621
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.9M$3.7M
InvestmentsLn 11–13$5.0M$6.7M
Land, buildings, equipmentLn 10c$225K$198K
Total assetsLn 16$12.4M$11.6M
LiabilitiesLn 26$3.8M$3.4M
Net assetsLn 32$8.6M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.0M$929K$1.0M
Other salaries and wagesLn 7$2.3M$2.1M$94K$117K
Pension plan contributionsLn 8$65K$34K$20K$11K
Other employee benefitsLn 9$308K$298K$4K$6K
Payroll taxesLn 10$93K$79K$7K$6K
Legal feesLn 11b$5K$5K
Investment management feesLn 11f$47K$47K
Other fees for servicesLn 11g$282K$282K
Advertising and promotionLn 12$14K$830$14K
Office expensesLn 13$21K$9K$12K
Information technologyLn 14$100K$100K
OccupancyLn 16$484K$484K
TravelLn 17$78K$25K$53K
Conferences, conventions and meetingsLn 19$67K$67K
InterestLn 20$341$341
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$1.5M$1.3M$151K
All other expensesLn 24e$48K$48K
Total functional expensesLn 25$7.5M$5.2M$2.2M$140K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 15, 2026 $5.8M$6.9M−$1.1M$8.6M 990 PDF
FY2024Filed with the IRS Jan 15, 2025 $6.6M$6.8M−$113K$8.8M 990 PDF
FY2023 ViewingFiled with the IRS Jan 16, 2024 $7.6M$7.5M$79K$8.2M 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $7.0M$5.5M$1.5M$7.3M 990 PDF
FY2021Filed with the IRS Jan 14, 2022 $6.4M$4.6M$1.8M$5.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $7,572,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,113,433$7,276,878
I-9 Program service revenuePrior year $5,123$116,977
I-10 Investment incomePrior year $136,335$162,270
I-11 Other revenuePrior year $0$15,924
I-12 Total revenuePrior year $8,254,891$7,572,049
I-13 Grants and similar amounts paidPrior year $299,492$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,664,784$4,775,170
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,371,849$2,717,498
I-18 Total expensesPrior year $5,336,125$7,492,668
I-19 Revenue less expensesPrior year $2,918,766$79,381
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,572,049 across 6 lines filed
VIII-1f All other contributions, gifts and grants$7,276,878
VIII-1h Total contributions, gifts and grants$7,276,878
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $116,977$116,977
VIII-3 Investment incomeExcluded from tax $162,270$162,270
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,924$15,924
VIII-12 Total revenueRelated to mission $116,977 · Unrelated business $0 · Excluded from tax $178,194$7,572,049
Part IX · Statement of functional expenses $7,492,668 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $929,367 · Management $1,039,658$1,969,025
IX-7 Other salaries and wagesPrograms $2,130,675 · Management $93,657 · Fundraising $117,070$2,341,402
IX-8 Pension plan contributionsPrograms $33,708 · Management $19,695 · Fundraising $11,137$64,540
IX-9 Other employee benefitsPrograms $297,860 · Management $4,129 · Fundraising $5,672$307,661
IX-10 Payroll taxesPrograms $78,661 · Management $7,403 · Fundraising $6,478$92,542
IX-11b Legal feesManagement $5,284$5,284
IX-11f Investment management feesManagement $47,381$47,381
IX-11g Other fees for servicesPrograms $281,981$281,981
IX-12 Advertising and promotionPrograms $830 · Management $13,616$14,446
IX-13 Office expensesPrograms $9,124 · Management $12,190$21,314
IX-14 Information technologyManagement $100,409$100,409
IX-16 OccupancyManagement $484,041$484,041
IX-17 TravelPrograms $25,403 · Management $52,814$78,217
IX-19 Conferences, conventions and meetingsPrograms $67,401$67,401
IX-20 InterestManagement $341$341
IX-22 Depreciation, depletion and amortizationManagement $26,170$26,170
IX-23 InsuranceManagement $58,761$58,761
IX-24 Other expenses (24a–d)Programs $1,332,762 · Management $150,999$1,483,761
IX-24e All other expensesManagement $47,991$47,991
IX-25 Total functional expensesPrograms $5,187,772 · Management $2,164,539 · Fundraising $140,357$7,492,668
Part X · Balance sheet $11,637,943 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $4,916,739$3,689,609
X-4 Accounts receivableStart of year $1,739,127$580,597
X-10c Land, buildings and equipment, netStart of year $224,623$198,453
X-11 Publicly traded securitiesStart of year $5,005,978$6,666,931
X-15 Other assetsStart of year $545,876$502,353
X-16 Total assetsStart of year $12,432,343$11,637,943
X-17 Accounts payable and accrued expensesStart of year $855,352$696,901
X-18 Grants payable$455,490
X-19 Deferred revenueStart of year $2,421,757$1,733,000
X-25 Other liabilitiesStart of year $545,876$505,270
X-26 Total liabilitiesStart of year $3,822,985$3,390,661
X-27 Net assets without donor restrictionsStart of year $8,609,358$8,247,282
X-32 Total net assets or fund balancesStart of year $8,609,358$8,247,282
X-33 Total liabilities and net assetsStart of year $12,432,343$11,637,943
Part XI · Reconciliation of net assets $8,247,282 net assets at year end
XI-1 Total revenue$7,572,049
XI-2 Total expenses$7,492,668
XI-3 Revenue less expenses$79,381
XI-4 Net assets at start of year$8,609,358
XI-5 Net unrealized gains (losses) on investments−$441,457
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,247,282

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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