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Innovart Foundation

  • Cupertino, CA
  • Tax-exempt since Sept. 2014
  • EIN: 47-1412108

Organization summary

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: Youth Development / Youth Development Programs, Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$11.3k (2024)

Expenses
$13.6k (2024)

Total Assets
$213k (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2014 to 2024

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 Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,314
Expenses
$13,627
Net Income
-$2,313
Net Assets
$212,684
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $970
8.6%
Interest Revenue $93
0.8%
Dividends $7,789
68.8%
Sales of Assets $2,462
21.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,539
77.3%
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 $212,684
Total Liabilities $0
Net Assets $212,684
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggie Tsai (President) $0 $0

Document Links

990-PF
Filed on Nov. 10, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,682
Expenses
$14,531
Net Income
-$4,849
Net Assets
$214,997
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25
0.3%
Interest Revenue $54
0.6%
Dividends $8,177
84.5%
Sales of Assets $1,426
14.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,752
80.9%
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 $214,997
Total Liabilities $0
Net Assets $214,997
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggir Tsai (President) $0 $0

Document Links

990-PF
Filed on Nov. 6, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$30,271
Expenses
$19,069
Net Income
-$49,340
Net Assets
$219,846
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $110
Dividends $7,757
Sales of Assets -$38,138
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,536
81.5%
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 $219,846
Total Liabilities $0
Net Assets $219,846
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggir Tsai (President) $0 $0

Document Links

990-PF
Filed on Oct. 13, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,868
Expenses
$16,141
Net Income
-$8,273
Net Assets
$269,186
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1
0.0%
Interest Revenue $603
7.7%
Dividends $4,459
56.7%
Sales of Assets $2,805
35.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $14,036
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 $269,186
Total Liabilities $0
Net Assets $269,186
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggir Tsai (President) $0 $0

Document Links

990-PF
Filed on May 9, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,989
Expenses
$7,147
Net Income
-$4,158
Net Assets
$277,458
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $29
1.0%
Interest Revenue $2,960
99.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,050
98.6%
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 $277,459
Total Liabilities $1
Net Assets $277,458
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggie Tsai (President) $0 $0

Document Links

990-PF
Filed on March 19, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$36,439
Expenses
$5,160
Net Income
$31,279
Net Assets
$281,616
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $31,584
86.7%
Interest Revenue $4,855
13.3%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,160
100%
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 $281,617
Total Liabilities $1
Net Assets $281,616
Compensation
Key Employees and Officers Compensation Other
Carol Zhang (Cfo/Treasurer) $0 $0
Jenny Wang (Secretary) $0 $0
Maggie Tsai (President) $0 $0

Document Links

990-PF
Filed on March 30, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$250,148
Expenses
$20
Net Income
$250,128
Net Assets
$250,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,148
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $250,338
Total Liabilities $0
Net Assets $250,338
Compensation
Key Employees and Officers Compensation Related Other
Maggie Tsai (President) $0 $0 $0
Jenny Wang (Secretary) $0 $0 $0
Carol Zhang (Cfo / Teasurer) $0 $0 $0

Document Links

990
Filed on June 17, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$47
Expenses
$37
Net Income
$10
Net Assets
$210
Notable Sources of Revenue Percent of Total Revenue
Contributions $47
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $210
Total Liabilities $0
Net Assets $210

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $200
Total Liabilities $0
Net Assets $200

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $200
Total Liabilities $0
Net Assets $200

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$200
Expenses
$0
Net Income
$200
Net Assets
$200
Notable Sources of Revenue Percent of Total Revenue
Contributions $200
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $200
Total Liabilities $0
Net Assets $200

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

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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