Frontier Innovations Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 46-1398335)

Revenue by fiscal year
FY2021	$454K
FY2022	$99K
FY2023	$1.4M
FY2024	$335K

Expenses by fiscal year
FY2021	$444K
FY2022	$113K
FY2023	$1.3M
FY2024	$354K

Net assets by fiscal year
FY2021	$42K
FY2022	$29K
FY2023	$198K
FY2024	$179K

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $107K Management & general 6% · $6K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Ajaita Shah

Director

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Frontier Innovations Foundation is an international affairs nonprofit based in New York, NY.

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Provided by the organization

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1 program · $107K · in their own filed words · FY2022

01

The foundation re-grants funds and serves as a pilot design, monitoring and evaluation partner to social enterprises such as frontier markets consulting, which connects last mile customers to clean energy products and services. The foundation reports to donors the outcome of projects.

$107Kprogram 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

Mastercard Impact FundFY2024$318K

Total grants receivedfrom 1 funder$318K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$99K

Ln 12

Gifts and grantsLn 1h$99K

Money outPt IX

$113K

Ln 25

Programscol B$107K

Managementcol C$6K

Owns and owesPt X

$29K

net assets · Ln 32

Cash and savingsLn 1–2$29K

Total assetsLn 16$29K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$99K

Total revenueLn 12$99K

Assets in detailPt X, end of year

CashLn 1$29K

Cash and savings togetherLn 1–2$29K

Total assetsLn 16$29K

LiabilitiesLn 26$0

Net assetsLn 32$29K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$42K	$29K
Total assetsLn 16	$42K	$29K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$42K	$29K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$59K	$59K
Accounting feesLn 11c	$10K	$5K	$5K
Office expensesLn 13	$2K	$1K	$1K
TravelLn 17	$42K	$42K
Other expenses (24a–d)Ln 24	$267		$267
Total functional expensesLn 25	$113K	$107K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$335K	$354K	−$19K	$179K	990 PDF
FY2023	$1.4M	$1.3M	$169K	$198K	990 PDF
FY2022 Viewing	$99K	$113K	−$14K	$29K	990 PDF
FY2021	$454K	$444K	$10K	$42K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $99,315 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $454,071$99,315

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $454,071$99,315

I-13 Grants and similar amounts paidPrior year $0$59,030

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $444,338$53,903

I-18 Total expensesPrior year $444,338$112,933

I-19 Revenue less expensesPrior year $9,733−$13,618

Part VI · Governance 0 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $99,315 across 3 lines filed

VIII-1f All other contributions, gifts and grants$99,315

VIII-1h Total contributions, gifts and grants$99,315

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$99,315

Part IX · Statement of functional expenses $112,933 across 5 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $59,030$59,030

IX-11c Accounting feesPrograms $5,056 · Management $5,056$10,112

IX-13 Office expensesPrograms $1,012 · Management $1,012$2,024

IX-17 TravelPrograms $41,500$41,500

IX-24 Other expenses (24a–d)Management $267$267

IX-25 Total functional expensesPrograms $106,598 · Management $6,335 · Fundraising $0$112,933

Part X · Balance sheet $28,875 assets, 5 lines filed

X-1 Cash, non-interest-bearingStart of year $42,493$28,875

X-16 Total assetsStart of year $42,493$28,875

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $42,493$28,875

X-33 Total liabilities and net assetsStart of year $42,493$28,875

Part XI · Reconciliation of net assets $28,875 net assets at year end

XI-1 Total revenue$99,315

XI-2 Total expenses$112,933

XI-3 Revenue less expenses−$13,618

XI-4 Net assets at start of year$42,493

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$28,875

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Frontier Innovations Foundation FY2022 filing

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