US Ignite INC EIN 45-3943413

US Ignite INC

EIN  45-3943413 Public charity (501(c)(3)) Washington, DC Founded 2011
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/11/26 · see original filing: IRS
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Size
$10–100M
What they do
Promotes U.S. leadership in ultra-fast broadband network applications and services.
Leadership
Nicholas Maynard · CEO and President · $307K
Money in and out
$17.4M revenue, $16.7M expenses
Bottom line
92% program efficiency

Promotes U.S. leadership in ultra-fast broadband network applications and services. For fiscal year 2024 it reported $17.4M in revenue, $16.7M in expenses, and $3.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$16.7M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $757K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.07 Fundraising $0.00
Program efficiency
92%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▲ +100% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +196% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17.4M
FY2024▲ +24%
Expenses
$16.7M
FY2024▲ +13%
Total assets
$4.4M
FY2024▲ +7%
Total liabilities
$1.3M
FY2024▼ -26%
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$16.7M
Pt IX · Ln 25
Net assets
$3.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$757K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $14.3M of program spending, described in the organization's own filed words · FY2024.
01

Platforms for Advanced Wireless Research (pawr)

Pawr is revolutionizing the wireless ecosystem while sustaining us leadership and economic competitiveness. Funded by the national science foundation and a consortium of the nation's leading wireless companies and associations, the $100 million public-private partnership is managed by the pawr project office (ppo).

$10.9Mprogram expense
02

Smart Bases

The us ignite smart base team delivered the smart installation and community dashboard for the engineer research and development center (army corp of engineers) on fort benning base. In 2024, us ignite advanced research and development on intelligent intrusion detection and heat risk management while expanding to use cases that enhance…

$2.6Mprogram expense
03

Us ignite completed two department of commerce projects in salt lake city (SLC) and washington DC. The innovate SLC project integrated entrepreneurial training, smart city innovation, and small business capacity-building efforts.

$861Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUS Ignite INC
EINHdr · item D45-3943413
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.us-ignite.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJul 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and President
$306,530Pt VII · Sec A
Technical Program Manager
$191,818Pt VII · Sec A
Program Director & Board Member
$185,181Pt VII · Sec A
Pawr Program Director
$156,500Pt VII · Sec A
Smart Communities Director
$156,500Pt VII · Sec A
Big Data Program Manager
$155,000Pt VII · Sec A
Smart Basses Program Developer
$135,650Pt VII · Sec A
$131,750Pt VII · Sec A

Nicholas Maynard’s $307K as CEO and President is at the 66th percentile of top reported officer pay among 3682 $10–100M education 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

NameFY2024FY2023FY2022FY2021FY2020
Nicholas Maynard$306,530$300,000$241,270$217,167$202,680
Joseph Kochan$97,853$210,808
Hani Almasoud$191,818$191,318
William Wallace$59,000$96,000$89,671$122,095$189,520
Eric Werner$185,181$181,060$161,700$150,633
Everard Davenport$156,500$150,000$123,287$130,500$117,414
Mari Silbey$156,500$150,000$120,974$130,500$110,570
Praveen Ashok Kumar$155,000$150,000$137,785$130,500$104,405

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$17.4M
Investment income$80K
— government grantsLn 1e$16.7M
Total revenueLn 12$17.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.07 Fundraising $0.00
Program services92%$15.4M
Management & general7%$1.2M
Fundraising$59K
Total functional expensesLn 25$16.7M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$4.4M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$3.1M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $16.7M
2.0 months
Where the money goes
Program services
Program services $15.4M · Total expenses $16.7M
92%
Management & General
Management & general $1.2M · Total expenses $16.7M
7%
Fundraising
Fundraising $59K · Total expenses $16.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $795K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17.4M · Total revenue $17.4M
100%
Government reliance
Government grants $16.7M · Total revenue $17.4M
96%
Earned-income share
Program service revenue $0 · Total revenue $17.4M
0%
Investment reliance
Investment income $80K · Total revenue $17.4M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $16.7M
0%
Growth & trend
Revenue growth (YoY)
This year $17.4M · Prior year $14.1M
+24%
Revenue CAGR
FY2020 $13.9M · FY2024 $17.4M
+6%
Net-asset trend (YoY)
End of year $3.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.4M · Expenses $16.7M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
Net-asset ratio
Net assets $3.1M · Total assets $4.4M
70%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicholas Maynard · Reported title CEO AND PRESIDENT · Highest reported compensation $307K · Total expenses $16.7M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.1M · Total expenses $16.7M
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 24%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$6.9M
Grants paid · 93 grants · $41.1M · 2020–2024
Iowa State UniversityIA · FY2024$3,292,978
North Carolina State UniversityFY2024$2,729,842
University of UtahUT · FY2024$2,155,554
Northeastern UniversityMA · FY2024$924,747
William Marsh Rice UniversityTX · FY2024$453,180
Mississippi State UniversityMS · FY2024$102,725
The Ohio State UniversityOH · FY2024$75,720
City of San JoseFY2024$75,000
Rutgers the State UniversityNJ · FY2024$72,037
Texas Southern UniversityFY2024$6,619
Unitemized GrantFY2024$5,127
University of UtahUT · FY2023$2,918,553
Iowa State UniversityIA · FY2023$1,288,887
North Carolina State UniversityFY2023$1,269,765
Northeastern UniversityMA · FY2023$682,881
See all 93 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$17.4M revenue · viewing · ⤓ 990 PDF
FY2023$14.1M revenue · ⤓ 990 PDF
FY2022$18.0M revenue · ⤓ 990 PDF
FY2021$15.3M revenue · ⤓ 990 PDF
FY2020$13.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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