Innovia Foundation FY2023 filing

Tax-deductible

Spokane, WA501(c)(3)Since 1974Foundations & GrantmakersEIN 91-0941053Revenue $45.0M in FY2023

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.
85¢ of each $1 spent went to programs.
$749K 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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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
6 of 6
filings with a surplus
Average surplus $15.9M a year · 43% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$749K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 20.6 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
$26.1M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45.0M
+50% vs prior year
Spent
$13.7M
To programs
85%
Net assets
$190.6M
By yearFY2020–FY2025
Revenue
$45.0M
FY2023▲ +50%
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
FY2025$32.0M
Expenses
$13.7M
FY2023▼ -3%
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
FY2025$22.6M
Net assets
$190.6M
FY2023▲ +31%
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
FY2025$254.6M

From the FY2023 Form 990 (year ending June 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 Dec 1974.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $11.7M Management & general 12% · $1.7M Fundraising 3% · $354K

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; $749K 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
Chief Executive Officer
$265,096Pt VII · Sec A
Chief Financial & Operating Officer
$162,228Pt VII · Sec A
Chief Strategy Officer
$156,955Pt VII · Sec A
Gift Planning & Development
$126,881Pt VII · Sec A
Chief Community Investment Officer
$37,959Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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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 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.

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3 programs · $11.2M · in their own filed words · FY2022
01

Donor-Directed Grantmaking

Innovia Foundation's mission is to ignite generosity that transforms lives and communities. With over 500 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 extending nationally and…

$7.1Mprogram expense
02

Foundation-Directed Grantmaking

Innovia Foundation manages other funds established by generous donors to address the unique opportunities and challenges in our region. Over 140 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…

$2.6Mprogram expense
03

Launchnw

Innovia's economic and community vitality initiative, LaunchNW, achieved significant milestones in 2023. Using a promise scholarship as an incentive, LaunchNW aims to remove financial barriers to post-high school education and vocational training for students in Eastern Washington and North Idaho, while expanding integrated…

$1.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$45.0M
Ln 12
Gifts and grantsLn 1h$43.3M
Investment incomeLn 3$4.9M
Fees for servicesLn 2g$239K
Money outPt IX
$13.7M
Ln 25
Programscol B$11.7M
Managementcol C$1.7M
Fundraisingcol D$354K
Owns and owesPt X
$190.6M
net assets · Ln 32
Cash and savingsLn 1–2$23.6M
Total assetsLn 16$216.7M
LiabilitiesLn 26$26.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43.3M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$25.2M
Fees for servicesLn 2g$239K
Investment incomeLn 3$4.9M
Gains on assetsLn 7−$861K
Total revenueLn 12$45.0M
Assets in detailPt X, end of year
CashLn 1$61K
SavingsLn 2$23.6M
Cash and savings togetherLn 1–2$23.6M
InvestmentsLn 11–13$178.1M
Land, buildings, equipmentLn 10c$782K
Other assetsLn 15$12.9M
Total assetsLn 16$216.7M
LiabilitiesLn 26$26.1M
Net assetsLn 32$190.6M
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 FY23End FY23
Cash and savingsLn 1–2$15.7M$23.6M
InvestmentsLn 11–13$144.1M$178.1M
Land, buildings, equipmentLn 10c$60K$782K
Total assetsLn 16$167.8M$216.7M
LiabilitiesLn 26$22.7M$26.1M
Net assetsLn 32$145.1M$190.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.6M$8.6M
Grants to domestic individualsLn 2$458K$458K
Pay of current officers, directors and key staffLn 5$781K$524K$144K$113K
Other salaries and wagesLn 7$1.3M$1.0M$203K$127K
Pension plan contributionsLn 8$86K$65K$13K$8K
Other employee benefitsLn 9$136K$100K$21K$15K
Payroll taxesLn 10$158K$115K$26K$18K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$29K$29K
Investment management feesLn 11f$796K$796K
Other fees for servicesLn 11g$160K$160K
Advertising and promotionLn 12$159K$115K$26K$18K
Office expensesLn 13$92K$67K$15K$10K
OccupancyLn 16$220K$135K$58K$26K
TravelLn 17$53K$38K$9K$6K
Conferences, conventions and meetingsLn 19$72K$52K$12K$8K
InterestLn 20$102K$102K
Depreciation, depletion and amortizationLn 22$63K$63K
InsuranceLn 23$259K$251K$8K
Other expenses (24a–d)Ln 24$1.2M$1.2M$7K$5K
All other expensesLn 24e−$1.1M−$1.1M$58K
Total functional expensesLn 25$13.7M$11.7M$1.7M$354K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $32.0M$22.6M$9.4M$254.6M 990 PDF
FY2024 $35.1M$19.0M$16.1M$227.1M 990 PDF
FY2023 Viewing $45.0M$13.7M$31.3M$190.6M 990 PDF
FY2022 $30.1M$14.2M$15.9M$145.1M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $45,002,329 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,947,310$43,256,060
I-9 Program service revenuePrior year $297,993$239,009
I-10 Investment incomePrior year $9,020,799$4,912,963
I-11 Other revenuePrior year $1,815,655−$3,405,703
I-12 Total revenuePrior year $30,081,757$45,002,329
I-13 Grants and similar amounts paidPrior year $10,710,363$9,063,001
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,736,809$2,499,020
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,747,881$2,171,700
I-18 Total expensesPrior year $14,195,053$13,733,721
I-19 Revenue less expensesPrior year $15,886,704$31,268,608
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $45,002,329 across 9 lines filed
VIII-1e Government grants$1,116,570
VIII-1f All other contributions, gifts and grants$42,139,490
VIII-1g Noncash contributions (included above)$25,203,583
VIII-1h Total contributions, gifts and grants$43,256,060
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $239,009$239,009
VIII-3 Investment incomeExcluded from tax $5,773,892$5,773,892
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$860,929−$860,929
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$3,405,703−$3,405,703
VIII-12 Total revenueRelated to mission $239,009 · Unrelated business $0 · Excluded from tax $1,507,260$45,002,329
Part IX · Statement of functional expenses $13,733,721 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $8,605,218$8,605,218
IX-2 Grants to domestic individualsPrograms $457,783$457,783
IX-5 Pay of current officers, directors and key staffPrograms $524,377 · Management $144,067 · Fundraising $112,674$781,118
IX-7 Other salaries and wagesPrograms $1,006,720 · Management $202,965 · Fundraising $127,369$1,337,054
IX-8 Pension plan contributionsPrograms $65,076 · Management $13,265 · Fundraising $7,707$86,048
IX-9 Other employee benefitsPrograms $100,358 · Management $21,327 · Fundraising $14,670$136,355
IX-10 Payroll taxesPrograms $114,847 · Management $25,834 · Fundraising $17,764$158,445
IX-11b Legal feesManagement $19,942$19,942
IX-11c Accounting feesManagement $29,285$29,285
IX-11f Investment management feesManagement $796,409$796,409
IX-11g Other fees for servicesManagement $160,002$160,002
IX-12 Advertising and promotionPrograms $115,328 · Management $25,942 · Fundraising $17,839$159,109
IX-13 Office expensesPrograms $66,717 · Management $15,010 · Fundraising $10,320$92,047
IX-16 OccupancyPrograms $135,140 · Management $58,281 · Fundraising $26,155$219,576
IX-17 TravelPrograms $38,250 · Management $8,604 · Fundraising $5,916$52,770
IX-19 Conferences, conventions and meetingsPrograms $51,835 · Management $11,660 · Fundraising $8,018$71,513
IX-20 InterestPrograms $101,803$101,803
IX-22 Depreciation, depletion and amortizationManagement $63,404$63,404
IX-23 InsurancePrograms $250,865 · Management $7,999$258,864
IX-24 Other expenses (24a–d)Programs $1,212,428 · Management $7,404 · Fundraising $5,089$1,224,921
IX-24e All other expensesPrograms −$1,136,145 · Management $58,200−$1,077,945
IX-25 Total functional expensesPrograms $11,710,600 · Management $1,669,600 · Fundraising $353,521$13,733,721
Part X · Balance sheet $216,731,958 assets, 18 lines filed
Asset lines not itemized here account for $336,296; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $606$60,529
X-2 Savings and temporary cash investmentsStart of year $15,694,857$23,552,898
X-3 Pledges and grants receivableStart of year $25,000$11,450
X-4 Accounts receivableStart of year $397,508$926,537
X-9 Prepaid expenses and deferred chargesStart of year $5,760$26,200
X-10c Land, buildings and equipment, netStart of year $59,608$781,908
X-11 Publicly traded securitiesStart of year $65,448,986$147,323,709
X-12 Other securitiesStart of year $78,698,430$30,795,779
X-15 Other assetsStart of year $7,458,717$12,916,652
X-16 Total assetsStart of year $167,789,472$216,731,958
X-17 Accounts payable and accrued expensesStart of year $710,204$638,874
X-18 Grants payableStart of year $493,026$362,620
X-25 Other liabilitiesStart of year $2,458,371$3,846,697
X-26 Total liabilitiesStart of year $22,687,586$26,089,194
X-27 Net assets without donor restrictionsStart of year $139,963,688$184,580,288
X-28 Net assets with donor restrictionsStart of year $5,138,198$6,062,476
X-32 Total net assets or fund balancesStart of year $145,101,886$190,642,764
X-33 Total liabilities and net assetsStart of year $167,789,472$216,731,958
Part XI · Reconciliation of net assets $190,642,764 net assets at year end
XI-1 Total revenue$45,002,329
XI-2 Total expenses$13,733,721
XI-3 Revenue less expenses$31,268,608
XI-4 Net assets at start of year$145,101,886
XI-5 Net unrealized gains (losses) on investments$13,159,080
XI-9 Other changes in net assets$1,113,190
XI-10 Net assets at end of year$190,642,764

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

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