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Innovia Ignite Foundation FY2022 filing

Tax-deductible

Spokane, WA501(c)(3)Since 2020Foundations & Grantmakers EIN 85-1540129Revenue $4K in FY2022Latest return filed May 15, 2026

On file with the IRS818 W Riverside Ave Ste 650, 99201-0909 · Spokane, WATax-exempt since Aug 2021Supporting org, Type I — 509(a)(3)

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Ignite giving and generosity in the community to support the mission of Innovia Foundation and to hold property as needed for the Foundation.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
1 of 4
filings with a surplus
Average surplus $194K a year · 21% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.0M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$324K
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
Spent
$8K
To programs
100%
Net assets
−$4K
By yearFY2022–FY2025
Revenue
$4K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$4K
FY2023$3.8M
FY2024$171K
FY2025−$223K
Expenses
$8K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$8K
FY2023$930K
FY2024$706K
FY2025$1.3M
Net assets
−$4K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022−$4K
FY2023$2.9M
FY2024$2.3M
FY2025$774K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 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 Aug 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $8K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Michael Bibin
President
$0Pt VII · Sec A
Robert Bishop
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Black
Director
$0Pt VII · Sec A
John Kragt
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Innovia Ignite 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports local charities through grants and community initiatives.

Questions for Innovia Ignite Foundation

Tap to ask. Innovia Ignite Foundation sees how many people are interested.

Your first name shows with your question. Innovia Ignite Foundation answers here, for everyone.

1 program · $8K · in their own filed words · FY2021
01

The organization's purpose is to act as support for innovia foundation, igniting giving and generosity in the community, hold property, and to carry out charitable purposes that support the overall mission of innovia foundation.

$8Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Spokane Teachers Credit UnionFY2024$1.0M
Innovia FoundationFY2024$35K
Total grants receivedfrom 2 funders$1.0M
Grants paid · 3 grants · $2.4M · 2022–2024
Innovia FoundationWA · FY2024$1,051,115
Innovia FoundationWA · FY2023$530,744
Innovia FoundationWA · FY2022$809,627

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4K
Ln 12
Other incomeLn 4–11$4K
Money outPt IX
$8K
Ln 25
Programscol B$8K
Owns and owesPt X
−$4K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$320K
LiabilitiesLn 26$324K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$4K
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$300K
Total assetsLn 16$320K
LiabilitiesLn 26$324K
Net assetsLn 32−$4K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$20K
Land, buildings, equipmentLn 10c$0$300K
Total assetsLn 16$0$320K
LiabilitiesLn 26$0$324K
Net assetsLn 32$0−$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$966$966
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$8K$8K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 −$223K$1.3M−$1.5M$774K 990 PDF
FY2024Filed with the IRS May 14, 2025 $171K$706K−$535K$2.3M 990 PDF
FY2023Filed with the IRS May 15, 2024 $3.8M$930K$2.9M$2.9M 990 PDF
FY2022 ViewingFiled with the IRS Mar 30, 2023 $4K$8K−$4K−$4K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,370 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$4,370
I-12 Total revenue$4,370
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$8,088
I-18 Total expenses$8,088
I-19 Revenue less expenses−$3,718
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $4,370 across 3 lines filed
VIII-6 Net rental income or lossExcluded from tax $1,846$1,846
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,524$2,524
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,370$4,370
Part IX · Statement of functional expenses $8,088 across 3 lines filed
IX-20 InterestPrograms $966$966
IX-23 InsurancePrograms $3,807$3,807
IX-24 Other expenses (24a–d)Programs $3,315$3,315
IX-25 Total functional expensesPrograms $8,088 · Management $0 · Fundraising $0$8,088
Part X · Balance sheet $320,298 assets, 10 lines filed
X-1 Cash, non-interest-bearing$20,298
X-10c Land, buildings and equipment, netStart of year $0$300,000
X-16 Total assetsStart of year $0$320,298
X-24 Unsecured notes and loans payable$324,016
X-26 Total liabilitiesStart of year $0$324,016
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0−$3,718
X-32 Total net assets or fund balancesStart of year $0−$3,718
X-33 Total liabilities and net assetsStart of year $0$320,298
Part XI · Reconciliation of net assets −$3,718 net assets at year end
XI-1 Total revenue$4,370
XI-2 Total expenses$8,088
XI-3 Revenue less expenses−$3,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,718

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

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