Innovia Foundation FY2021 filing

Tax-deductible

Spokane, WA501(c)(3)Since 1974Foundations & GrantmakersEIN 91-0941053Revenue $52.1M in FY2021

On file with the IRSinnovia.org818 W Riverside Ave Ste 650, 99201-0909 · Spokane, WATax-exempt since Dec 1974Publicly supported charity — 170(b)(1)(A)(vi)

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Innovia is a community foundation formed for the benefit of the communities within their region of operation. Innovia seeks to partner with people and other organizations who want to make the world better by addressing our region's problems, helping those in need and identifying and responding to our region's greatest opportunities.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$590K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $17.2M a year · 45% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$590K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $350
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.3M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52.1M
+91% vs prior year
Spent
$43.1M
To programs
97%
Net assets
$162.1M
By yearFY2020–FY2024
Revenue
$52.1M
FY2021▲ +91%
Tap a bar for its year
Revenue by fiscal year
FY2020$27.3M
FY2021$52.1M
FY2022$30.1M
FY2023$45.0M
FY2024$35.1M
FY2024$32.0M
Expenses
$43.1M
FY2021▲ +215%
Tap a bar for its year
Expenses by fiscal year
FY2020$13.7M
FY2021$43.1M
FY2022$14.2M
FY2023$13.7M
FY2024$19.0M
FY2024$22.6M
Net assets
$162.1M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$124.5M
FY2021$162.1M
FY2022$145.1M
FY2023$190.6M
FY2024$227.1M
FY2024$254.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1974.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $41.7M Management & general 3% · $1.2M Fundraising 0% · $206K

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

17 people listed on the 990; $590K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Executive Officer
$225,689Pt VII · Sec A
Chief Strategy Officer
$134,033Pt VII · Sec A
Chief Financial Officer
$125,846Pt VII · Sec A
Grants and Community Engagement
$104,775Pt VII · Sec A
Director (thru Sep. 2020)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (as of Oct. 2020)
$0Pt VII · Sec A

Shelly O'Quinn’s $323K as Chief Executive Officer is at the 72nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Shelly O'Quinn$323,384$301,304$265,096$240,578$225,689$200,200
Lauren Autrey$191,919$172,482$162,228$127,867$125,846$105,104
Aaron McMurray$161,700$163,838$156,955$131,335$134,033$126,267
Molly Sanchez$161,540$133,204————
Ben Small$144,066$140,548————
Chris Stilessr Director of——$126,881———
Matt Bumpus Director of$125,463—————
Yvonne Smith$117,625—————

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 Innovia Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Ignites community generosity and funds scholarships, mentoring, and economic initiatives to help students in the Inland Northwest transition from birth to successful careers.

Provided by the organization

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3 programs · $41.4M · in their own filed words · FY2020
01

Closing the Opportunity Gap

Innovia is launching a long-term initiative to close the opportunity gap through a supported promise scholarship to benefit all youth in the region. We are working with community partners and major donors to endow a scholarship fund that allows every child in our 20-COUNTY region the opportunity to graduate high school and attain a…

$33.4Mprogram expense
02

Donor-Directed Grantmaking

Innovia foundation's mission is to ignite generosity that transforms lives and communities. With over 460 individual, family and corporate funds, this area of investment reflects the grantmaking directed by donors to support a broad range of community interests primarily in our region and washington state and also extending nationally…

$4.9Mprogram expense
03

Foundation-Directed Grantmaking

Innovia foundation manages other funds established by generous donors to address the unique opportunites and challenges in our region. Over 130 individual and family funds are used to support the foundation's five impact areas of health & wellbeing, economic opportunity, education and youth development, arts & culture and quality of…

$3.1Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$350
Grants paid · 3,910 grants · $92.0M · 2019–2024
Unitemized GrantFY2024$700,778
Whitworth UniversityWA · FY2024$214,545
Northeast Youth CenterWA · FY2024$209,802
Washington State UniversityWA · FY2024$207,900
The Salvation ArmyHI · FY2024$201,904
Scholarship America INCMN · FY2024$187,471
Eastern Washington UniversityFY2024$176,529
Mercy Ships InternationalTX · FY2024$175,000
Inland Northwest Land TrustWA · FY2024$168,141
Manzanita HouseWA · FY2024$147,483
Spokane Humane SocietyWA · FY2024$134,905
If You Could Save Just OneWA · FY2024$117,587
Spokane Valley HubWA · FY2024$109,500
Spokane Foursquare ChurchWA · FY2024$101,000
See all 3,910 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$52.1M
Ln 12
Gifts and grantsLn 1h$51.6M
Investment incomeLn 3$6.4M
Fees for servicesLn 2g$140K
Money outPt IX
$43.1M
Ln 25
Programscol B$41.7M
Managementcol C$1.2M
Fundraisingcol D$206K
Owns and owesPt X
$162.1M
net assets · Ln 32
Cash and savingsLn 1–2$15.1M
Total assetsLn 16$187.5M
LiabilitiesLn 26$25.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$51.6M
Government grantsLn 1e$25.8M
Noncash giftsLn 1g$4.6M
Fees for servicesLn 2g$140K
Investment incomeLn 3$6.4M
Gains on assetsLn 7$1.8M
Total revenueLn 12$52.1M
Assets in detailPt X, end of year
CashLn 1−$35K
SavingsLn 2$15.1M
Cash and savings togetherLn 1–2$15.1M
InvestmentsLn 11–13$164.3M
Land, buildings, equipmentLn 10c$81K
Other assetsLn 15$8.0M
Total assetsLn 16$187.5M
LiabilitiesLn 26$25.3M
Net assetsLn 32$162.1M
OperationsPt I, VI
EmployeesI 536
VolunteersI 6375
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$11.7M$15.1M
InvestmentsLn 11–13$126.6M$164.3M
Land, buildings, equipmentLn 10c$109K$81K
Total assetsLn 16$144.8M$187.5M
LiabilitiesLn 26$20.3M$25.3M
Net assetsLn 32$124.5M$162.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38.8M$38.8M
Grants to domestic individualsLn 2$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$599K$329K$212K$59K
Other salaries and wagesLn 7$885K$701K$102K$82K
Other employee benefitsLn 9$168K$129K$23K$16K
Payroll taxesLn 10$113K$79K$23K$11K
Legal feesLn 11b$69K$16K$53K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$471K$2K$469K
Other fees for servicesLn 11g$68K$2K$66K
Advertising and promotionLn 12$165K$116K$34K$16K
Office expensesLn 13$58K$41K$12K$5K
OccupancyLn 16$180K$86K$86K$8K
TravelLn 17$15K$10K$4K$2K
Conferences, conventions and meetingsLn 19$55K$39K$11K$5K
InterestLn 20$61K$61K
Depreciation, depletion and amortizationLn 22$38K$1K$37K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$1.0M$1.0M$26K$3K
All other expensesLn 24e−$823K−$823K
Total functional expensesLn 25$43.1M$41.7M$1.2M$206K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $35.1M$19.0M$16.1M$227.1M 990 PDF
FY2023 $45.0M$13.7M$31.3M$190.6M 990 PDF
FY2022 $30.1M$14.2M$15.9M$145.1M 990 PDF
FY2021 Viewing $52.1M$43.1M$9.0M$162.1M 990 PDF
FY2020 $27.3M$13.7M$13.6M$124.5M 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 FY2021 990 (6 parts)
Part I · Summary $52,076,243 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,410,748$51,619,851
I-9 Program service revenuePrior year $63,117$140,288
I-10 Investment incomePrior year $4,853,624$6,440,216
I-11 Other revenuePrior year $0−$6,124,112
I-12 Total revenuePrior year $27,327,489$52,076,243
I-13 Grants and similar amounts paidPrior year $11,167,189$39,866,444
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,562,117$1,764,325
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $959,547$1,429,195
I-18 Total expensesPrior year $13,688,853$43,059,964
I-19 Revenue less expensesPrior year $13,638,636$9,016,279
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
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 $52,076,243 across 10 lines filed
VIII-1d Related organizations$48,480
VIII-1e Government grants$25,752,318
VIII-1f All other contributions, gifts and grants$25,819,053
VIII-1g Noncash contributions (included above)$4,587,656
VIII-1h Total contributions, gifts and grants$51,619,851
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $140,288$140,288
VIII-3 Investment incomeExcluded from tax $4,644,177$4,644,177
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,796,039$1,796,039
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$6,124,112−$6,124,112
VIII-12 Total revenueRelated to mission $140,288 · Unrelated business $0 · Excluded from tax $316,104$52,076,243
Part IX · Statement of functional expenses $43,059,964 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $38,808,150$38,808,150
IX-2 Grants to domestic individualsPrograms $1,058,294$1,058,294
IX-5 Pay of current officers, directors and key staffPrograms $328,595 · Management $212,061 · Fundraising $58,519$599,175
IX-7 Other salaries and wagesPrograms $700,929 · Management $102,142 · Fundraising $81,713$884,784
IX-9 Other employee benefitsPrograms $128,849 · Management $22,707 · Fundraising $15,982$167,538
IX-10 Payroll taxesPrograms $79,139 · Management $23,017 · Fundraising $10,672$112,828
IX-11b Legal feesPrograms $16,174 · Management $52,927$69,101
IX-11c Accounting feesManagement $31,887$31,887
IX-11f Investment management feesPrograms $2,040 · Management $468,646$470,686
IX-11g Other fees for servicesPrograms $1,960 · Management $66,353$68,313
IX-12 Advertising and promotionPrograms $115,588 · Management $33,618 · Fundraising $15,588$164,794
IX-13 Office expensesPrograms $40,754 · Management $11,855 · Fundraising $5,495$58,104
IX-16 OccupancyPrograms $86,489 · Management $85,747 · Fundraising $8,025$180,261
IX-17 TravelPrograms $10,068 · Management $3,501 · Fundraising $1,623$15,192
IX-19 Conferences, conventions and meetingsPrograms $38,853 · Management $11,299 · Fundraising $5,240$55,392
IX-20 InterestPrograms $60,964$60,964
IX-22 Depreciation, depletion and amortizationPrograms $1,361 · Management $36,932$38,293
IX-23 InsuranceManagement $8,232$8,232
IX-24 Other expenses (24a–d)Programs $1,001,049 · Management $26,380 · Fundraising $3,334$1,030,763
IX-24e All other expensesPrograms −$822,787−$822,787
IX-25 Total functional expensesPrograms $41,656,469 · Management $1,197,304 · Fundraising $206,191$43,059,964
Part X · Balance sheet $187,470,222 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year −$936−$35,256
X-2 Savings and temporary cash investmentsStart of year $11,685,370$15,092,749
X-4 Accounts receivableStart of year $40,445$35,891
X-9 Prepaid expenses and deferred chargesStart of year $6,525$7,290
X-10c Land, buildings and equipment, netStart of year $108,673$80,746
X-11 Publicly traded securitiesStart of year $81,442,097$71,282,613
X-12 Other securitiesStart of year $45,173,466$92,993,754
X-15 Other assetsStart of year $6,378,989$8,012,435
X-16 Total assetsStart of year $144,834,629$187,470,222
X-17 Accounts payable and accrued expensesStart of year $416,308$381,762
X-18 Grants payableStart of year $710,304$136,734
X-24 Unsecured notes and loans payableStart of year $201,770$0
X-25 Other liabilitiesStart of year $2,543,129$3,082,150
X-26 Total liabilitiesStart of year $20,291,700$25,322,160
X-27 Net assets without donor restrictionsStart of year $120,337,308$156,847,782
X-28 Net assets with donor restrictionsStart of year $4,205,621$5,300,280
X-32 Total net assets or fund balancesStart of year $124,542,929$162,148,062
X-33 Total liabilities and net assetsStart of year $144,834,629$187,470,222
Part XI · Reconciliation of net assets $162,148,062 net assets at year end
XI-1 Total revenue$52,076,243
XI-2 Total expenses$43,059,964
XI-3 Revenue less expenses$9,016,279
XI-4 Net assets at start of year$124,542,929
XI-5 Net unrealized gains (losses) on investments$28,588,854
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$162,148,062

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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