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Innovation Accelerator Foundation Inc

  • New York, NY
  • Tax-exempt since Jan. 2006
  • EIN: 20-2297018

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Research Institutes and/or Public Policy Analysis (NTEE)

Summary charts: organization finances over time

Revenue
$502k (2019)

Expenses
$641k (2019)

Total Assets
$283k (2019)

Total Liabilities
$112k (2019)

Source: Form 990 tax filings from 2011 to 2019

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$501,685
Expenses
$640,745
Net Income
-$139,060
Net Assets
$170,571
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
99.7%
Interest Revenue $1,685
0.3%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $599,456
93.6%
Compensation of Officers* $36,000
5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $282,867
Total Liabilities $112,296
Net Assets $170,571
Compensation
Key Employees and Officers Compensation Other
Ahmet Hamdi Cavusoglu (Employee) $92,772 $0
Erik Olsen (Executive Di) $24,000 $0
John Pyrovolakis (President) $12,000 $0
Christopher J Trakas (Treasurer) $0 $0
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Document Links

990-PF
Filed on July 1, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$904,621
Expenses
$1,074,901
Net Income
-$170,280
Net Assets
$309,631
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $901,484
99.7%
Interest Revenue $3,137
0.3%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $928,674
86.4%
Compensation of Officers* $56,539
5.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $421,743
Total Liabilities $112,112
Net Assets $309,631
Compensation
Key Employees and Officers Compensation Other
Alan Thomas (Employee) $85,385 $0
Ahmet Hamdi Cavusoglu (Employee) $67,132 $0
Erik Olsen (Executive Di) $48,231 $0
John Pyrovolakis (President) $8,308 $0
Christopher J Trakas (Treasurer) $0 $0
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Document Links

990-PF
Filed on May 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,156,163
Expenses
$699,510
Net Income
$456,653
Net Assets
$479,911
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,152,407
99.7%
Interest Revenue $3,756
0.3%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $692,352
99.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $591,921
Total Liabilities $112,010
Net Assets $479,911
Compensation
Key Employees and Officers Compensation Other
John Pyrovolakis (President) $0 $0
Christopher J Trakas (Treasurer) $0 $0

Document Links

990-PF
Filed on April 27, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$103,702
Expenses
$472,874
Net Income
-$369,172
Net Assets
$23,258
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $102,000
98.4%
Interest Revenue $1,702
1.6%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $420,967
89.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $135,268
Total Liabilities $112,010
Net Assets $23,258
Compensation
Key Employees and Officers Compensation Other
Erik Olsen (Executive Di) $138,000 $9,005
John Pyrovolakis (President) $0 $0
Christopher J Trakas (Treasurer) $0 $0

Document Links

990-PF
Filed on Jan. 24, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,001,841
Expenses
$570,487
Net Income
$431,354
Net Assets
$392,430
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000,000
99.8%
Interest Revenue $1,841
0.2%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $496,379
87.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $504,440
Total Liabilities $112,010
Net Assets $392,430
Compensation
Key Employees and Officers Compensation Other
Erik Olsen (Executive Di) $60,923 $11,692
John Pyrovolakis (President) $0 $0
Christopher J Trakas (Treasurer) $0 $0

Document Links

990-PF
Filed on May 16, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$0
Expenses
$110,455
Net Income
-$110,455
Net Assets
-$38,924
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,480
68.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $73,086
Total Liabilities $112,010
Net Assets -$38,924
Compensation
Key Employees and Officers Compensation Other
John Pyrovolakis (President) $0 $0
Christopher J Trakas (Treasurer) $0 $0

Document Links

990-PF
Filed on July 16, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$32,250
Expenses
$254,453
Net Income
-$222,203
Net Assets
$71,531
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,780
86.1%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $4,470
13.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $113,031
Total Liabilities $41,500
Net Assets $71,531

Document Links

990-PF
Filed on Aug. 1, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$216,100
Expenses
$254,935
Net Income
-$38,835
Net Assets
$293,734
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $205,600
95.1%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $10,500
4.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $139,586
54.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $294,450
Total Liabilities $716
Net Assets $293,734

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$206,250
Expenses
$248,300
Net Income
-$42,050
Net Assets
$332,569
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $200,000
97.0%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $6,250
3.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,201
55.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $338,217
Total Liabilities $5,648
Net Assets $332,569

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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