VIRGINIA INNOVATION PARTNERSHIP CORPORATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION (EIN 54-1282820)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-13
- IRS object ID
- 201141339349300924
- Schema version
- 2009v1.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T08:20:37-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541282820 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTER FOR INNOVATIVE TECHNOLOGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CENT | NameControl |
| Phone | 7036893000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL ROAD | AddressLine1 |
| City | HERNDON | City |
| State | VA | State |
| ZIP Code | 20170 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LINDA E GENTRY | Name |
| Title | CFO | Title |
| Phone | 7036893000 | Phone |
| Date Signed | 2011-04-26 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LINDA E GENTRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2212 ROCK HILL ROAD SUITE 600 | AddressLine1 |
| City | HERNDON | City |
| State | VA | State |
| ZIP Code | 20170 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7574814 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.cit.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | CIT's mission is to promote economic development in Virginia by attracting and retaining high technology jobs and businesses. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 25 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 5890955 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4170783 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 931258 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3173503 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 77829 | InvestmentIncomePriorYear |
| Investment Income Current Year | 41455 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 92995 | OtherRevenuePriorYear |
| Other Revenue Current Year | 189073 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6993037 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7574814 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 125000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3807420 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3794657 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 30000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 260711 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2674417 | OtherExpensePriorYear |
| Other Expenses Current Year | 3304545 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6606837 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7129202 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 386200 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 445612 | RevenuesLessExpensesCY |
| Total Assets BOY | 5025846 | TotalAssetsBOY |
| Total Assets EOY | 3299543 | TotalAssetsEOY |
| Total Liabilities BOY | 2589138 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 417223 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2436708 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2882320 | NetAssetsOrFundBalancesEOY |
| Mission Description | CIT's mission: | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1751838 | Expense |
| Revenue | 237175 | Revenue |
| Description | ENTREPRENEUR PROGRAM - CIT RECOGNIZES THAT THE AVAILABLITY OF EARLY-STAGE CAPITAL IS A CRITICAL NEED OF MANY EMERGING TECHNOLOGY COMPANIES BY MAKING CONNECTION WITH "HARD TO ACCESS" PRIVATE AND FEDERAL FUNDING SOURCES. CIT GROWTH ACCELERATION PROGRAM (GAP) FUNDS MAKE SEED-STAGE EQUITY INVESTMENTS IN VIRGINIA-BASED TECHNOLOGY AND LIFE SCIENCE COMPANIES WITH A HIGH POTENTIAL FOR ACHIEVING RAPID GROWTH AND GENERATING SIGNIFICANT ECONOMIC RETURN. CIT'S FEDERAL FUNDING ASSISTANCE PROGRAM IDENTIFIES AND ACCELERATES OPPORTUNITIES FOR VIRGINIA'S SMALL TECHNOLOGY BUSINESSES TO OBTAIN SBIR, STTR AND ATP AWARDS AND OTHER GOVERNMENT CONTRACTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1838820 | Expense |
| Revenue | 1642062 | Revenue |
| Description | RESEARCH AND DEVELOPMENT PROGRAM - CIT BRINGS TOGETHER PUBLIC AND PRIVATE SECTOR TEAMS TO DEVELOP AND DEPLOY SOLUTIONS THAT NOT ONLY ADDRESS REGIONAL AND NATIONAL CHALLENGES, BUT ALSO PRODUCE INNOVATIVE AND MARKETABLE SOLUTIONS. CIT IS WORKING WITH VIRGINIA'S TEN REGIONAL TECHNOLOGY COUNCILS TO ESTABLISH THE COMMONWEALTH INNOVATION INDEX, A TOOL TO ASSIST THE PUBLIC AND PRIVATE SECTOR DECISION MAKERS IN THEIR REGIONAL AND STATEWIDE PLANNING AND INVESTMENT DECISIONS. IN A RECENT INITIATIVE, CIT H | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1064190 | Expense |
| Revenue | 1167898 | Revenue |
| Description | CONNECT PROGRAM - CIT CONNECT IS A SERVICE LINE DEDICATED TO HELPING FEDERAL, STATE AND CORPORATE CONSUMERS OF TECHNOLOGY IDENTIFY AND ASSIMILATE INNOVATION CREATED IN THE PRIVATE SECTOR. FOR TECHNOLOGY CONSUMERS, THE CONNECT SERVICE DELIVERS UNIQUE AND INNOVATIVE VALUE-ADD SOLUTIONS ENABLING TECHNOLOGY CONSUMPTION, ADOPTION, AND INTEGRATION INTO THEIR ORGANIZATIONS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1020092 | Expense |
| Revenue | 126368 | Revenue |
| Description | Other program services - Broadband, Innovation Center, and Commonwealth Support. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1020092 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 126368 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 5674940 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | true | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 25 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LINDA GENTRY | NamePerson |
| Telephone Number | 7036893035 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2214 ROCK HILL ROAD SUITE 600 | AddressLine1 |
| City | HERNDON | City |
| State | VA | State |
| ZIP Code | 20170 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DANIEL BANNISTER | ||||||||
| Chairman | 2.00 | X | X | 0 | 0 | 0 | ||
| TED CAHILL | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| JIM DUFFEY | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ERIC J HANSEN | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| WAYNE HUNTER | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| RAY O JOHNSON | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| HOOKS JOHNSTON | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| RICK KAPANI | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| SUZANNE H KING | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| ALAN G MERTEN | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| LINWOOD ROSE | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES W STEGER | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| LYDIA W THOMAS | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| PETER J JOBSE | ||||||||
| President & CEO | 40.00 | X | 241491 | 0 | 52612 | |||
| LINDA E GENTRY | ||||||||
| Chief Financial Officer | 40.00 | X | 207788 | 0 | 38927 | |||
| PAUL MCGOWAN | ||||||||
| VP, Consulting Services | 40.00 | 248103 | 0 | 48834 | X | |||
| TOM WEITHMAN | ||||||||
| VP, Entrepreneurship | 40.00 | 180422 | 0 | 40936 | X | |||
| LOUIS MCDONALD | ||||||||
| CTO/CIO | 40 | 157644 | 33010 | X | ||||
| NANCY VORONA | ||||||||
| VP, Research Investment | 40 | 149510 | 31910 | X | ||||
| HENRY CONNORS | ||||||||
| VP, Gov't & Public Affairs | 40 | 148138 | 37327 | X | ||||
| DENISE BAKEN | ||||||||
| Dir, Biodefense Programs | 40 | 144705 | 37114 | X | ||||
| KAREN JACKSON | ||||||||
| VP, Broadband Programs | 40 | 127238 | 23335 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1605039 | TotalReportableCompFromOrg |
| Total Other Compensation | 344005 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VITA | |||||
| 11751 MEADOWVILLE LANE | CHESTER | VA | 23836 | IT services | 238337 |
| HOLLAND & KNIGHT | |||||
| 11050 LAKE UNDERHILL RD 864084 | ORLANDO | FL | 32825 | consulting services | 150000 |
| HUNTON & WILLIAMS LLP | |||||
| 1751 PINNACLE DR STE 1700 | MCLEAN | VA | 22102 | legal services | 143516 |
| CHRISTOPHER SCOTTON | |||||
| 498 FERRY POINT ROAD | ANNOPOLIS | MD | 21403 | consulting services | 130000 |
| REED SMITH LLP | |||||
| 3110 FAIRVIEW PARK | FALLS CHURCH | VA | 22042 | legal services | 105139 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Related Organizations | 107947 | RelatedOrganizations |
| Government Grants | 4062836 | GovernmentGrants |
| Total Contributions | 4170783 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Seminars and workshops | 900099 | 29860 | 29860 |
| GAP Program income | 900099 | 207315 | 207315 |
| Federal, state and local awards | 900099 | 2936328 | 2936328 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3173503 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 41455 | TotalRevenueColumn |
| Exclusion | $41,455 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 110203 | TotalRevenueColumn |
| Related Or Exempt Function Income | 110203 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Gain on investment | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 78870 | TotalRevenueColumn |
| Related Or Exempt Function Income | 78870 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 78870 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7574814 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3362576 | RelatedOrExemptFunctionIncome |
| Exclusion | $41,455 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1073877 | Total |
| Program Services | 183422 | ProgramServices |
| Management And General | 749182 | ManagementAndGeneral |
| Fundraising | 141273 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1965878 | Total |
| Program Services | 736672 | ProgramServices |
| Management And General | 1151653 | ManagementAndGeneral |
| Fundraising | 77553 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 261852 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 261852 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 303243 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 303243 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189807 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 189807 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123537 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 123537 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36807 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 36807 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152100 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 152100 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30000 | Total |
| Fundraising | 30000 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6733 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 6733 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48170 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 48170 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 237112 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 237112 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3028 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 3028 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8535 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 8535 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30952 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 30952 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| R&D program | 1239962 | 1239962 | 0 | 0 |
| Entreprenuer program | 586652 | 586652 | 0 | 0 |
| Innovation Center | 466480 | 466480 | 0 | 0 |
| Communications & Marketing | 126241 | 0 | 126241 | 0 |
| Allocation of Fringe, OH & GA | 0 | 2336328 | -2336328 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 238236 | Total |
| Program Services | 125424 | ProgramServices |
| Management And General | 100927 | ManagementAndGeneral |
| Fundraising | 11885 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7129202 | Total |
| Program Services | 5674940 | ProgramServices |
| Management And General | 1193551 | ManagementAndGeneral |
| Fundraising | 260711 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500 | BOY |
| EOY | 500 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4691165 | BOY |
| EOY | 2632824 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 265510 | BOY |
| EOY | 587382 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68671 | BOY |
| EOY | 78837 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5025846 | BOY |
| EOY | 3299543 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2462261 | BOY |
| EOY | 298451 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 705 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126172 | BOY |
| EOY | 118772 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2589138 | BOY |
| EOY | 417223 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1736708 | BOY |
| EOY | 2212320 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 700000 | BOY |
| EOY | 670000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2436708 | BOY |
| EOY | 2882320 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5025846 | BOY |
| EOY | 3299543 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | false | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6125134 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6580857 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6148969 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5890955 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4170783 | CurrentTaxYear |
| Total | 28916698 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 6125134 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 6580857 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6148969 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5890955 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4170783 | CurrentTaxYear |
| Total | 28916698 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 28916698 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 471000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 359798 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 355332 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 170824 | CurrentTaxYearMinus1Year |
| Current Tax Year | 151658 | CurrentTaxYear |
| Total | 1508612 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 253218 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 50000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1033 | CurrentTaxYearMinus2Years |
| Current Tax Year | 78870 | CurrentTaxYear |
| Total | 383121 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 30808431 | TotalSupport |
| Gross Receipts From Admissions Etc | 15553791 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.93860 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.93640 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
| Facts And Circumstances Test | OTHER INCOME PART II, LINE 10; DESCRIPTION: UNREALIZED GAIN ON MARKETABLE SECURITIES; DESCRIPTION: SALE OF MARKETABLE SECURITIES; 2005: 253218.; DESCRIPTION: GAIN ON GAP FUND REPAYMENT; 2006: 50000.; DESCRIPTION: SUBLEASE RENTAL INCOME; 2007: 1033.; DESCRIPTION: GAIN ON GAP FUND INVESTMENT; 2009: 78870.; | FactsAndCircumstancesTest |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteer Hours | 0 | VolunteerHours |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $227,536 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 227536 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt II-B Line 1i | The Center for Innovative Technology engaged staff to work with Holland & Knight, and Robison International, to assist with strategic and tactical education to present CIT's performance metrics and upcoming initiatives to officials in the Virginia General Assembly and in the Congress. To fulfill its statutory obligations to the Commonwealth to search for and secure federal |
| Pt II-B Line 1i | funding opportunities, CIT staff engaged Holland & Knight, and Robison International, for advice and assistance. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 1 | NumberDAFsHeld |
| Aggregate DAF Value | 670000 | AggregateDAFValue |
| Disclosed Orgs Legal Control | true | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | true | DisclosedForCharitablePurposes |
Investments Program Related InvestmentsProgramRelated (17 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Growth Acceleration Program Notes Receivable | 1585155 | C |
| Allowance for Doubtful Accounts | -1585155 | C |
| Engineered Products of Virginia, LLC - 6.41% interest | F | |
| Global Cell Solutions, Inc - 35,150 preferred shares | F | |
| Hemodyne, Inc - 35,003 common shares | F | |
| Invincea, Inc. - 53,850 preferred shares | F | |
| KZO Innovations, Inc - 81,953 preferred shares | F | |
| Mpowerplayerm, Inc. - 128,804 preferred shares | F | |
| OnDialog, Inc. - 27,121 preferred shares | F | |
| Piedmont BioProducts, LLC - 6% interest | F | |
| Rollstream, Inc. - 738,322 preferred shares | F | |
| Senior-Living.com, Inc. - 100,000 common shares | F | |
| South49 Solutions, Inc. - 250,000 preferred shares | F | |
| Soft Tissue Regeneration, Inc. - 33,038 preferred shares | F | |
| SquareLoop, Inc. - 1,161,827 preferred shares | F | |
| Tau Therapeutics, LLC - 482,986 preferred shares | F | |
| Visure Corp, - 8,054 preferred shares | F |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Compensated Absences | Description |
| Amount | $118,772 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 118772 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Sch D, Part 1 | Identifier |
| Explanation | The taxpayer meets the literal definition of a Donor Advised Fund. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEMPLE STRATEGIES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | consulting | Activity |
| Fundraiser Control Of Funds | false | FundraiserControlOfFunds |
| Gross Receipts | 21488 | GrossReceipts |
| Amount Retained By Contractor | 30000 | AmountRetainedByContractor |
| Net To Organization | -8512 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 21488 | TotalGrossReceipts |
| Total Retained By Contractors | 30000 | TotalRetainedByContractors |
| Total Net To Organization | -8512 | TotalNetToOrganization |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg |
|---|---|---|---|---|---|
| PETER J JOBSE | |||||
| 234000 | 7491 | 35100 | 17512 | 294103 | |
| LINDA E GENTRY | |||||
| 179497 | 1918 | 26924 | 12003 | 246715 | 26373 |
| PAUL MCGOWAN | |||||
| 208813 | 1214 | 31322 | 17512 | 296937 | 38076 |
| TOM WEITHMAN | |||||
| 156158 | 1320 | 23424 | 17512 | 221358 | 22944 |
| LOUIS MCDONALD | |||||
| 140051 | 1491 | 21007 | 12003 | 190654 | 16102 |
| NANCY VORONA | |||||
| 132715 | 1491 | 19907 | 12003 | 181420 | 15304 |
| HENRY CONNORS | |||||
| 132104 | 1491 | 19816 | 17512 | 185466 | 14543 |
| DENISE BAKEN | |||||
| 130678 | 1918 | 19602 | 17512 | 181819 | 12109 |
| KAREN JACKSON | |||||
| 112321 | 1210 | 16848 | 6487 | 150573 | 13707 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Pt I Line 7 | Identifier |
| Explanation | A portion of the incentive compensation paid to the following individuals was a discretionary payment awarded by the President and CEO: Linda Gentry, Paul McGowan, Tom Weithman, Louis McDonald, Nancy Vorona, Henry Connors, and Karen Jackson. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (64 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI-A, Line 7a | The bylaws of CIT state that directors will be those persons |
| Pt VI-A, Line 7a | who are directors of the Innovation and Entrepreneurship Investment |
| Pt VI-A, Line 7a | Authority (IEIA) as provided in section 2.2-2220 of the Code of Virginia, |
| Pt VI-A, Line 7a | 1950 as amended (Code). Section 2.2-2220 of the the Code designates |
| Pt VI-A, Line 7a | that directors of IEIA will be appointed by the Governor of Virginia. |
| Pt VI-A, Line 7b | In addition to appointing directors, as stated in the previous answer, |
| Pt VI-A, Line 7b | The Governor of Virginia has the authority to remove directors. |
| Pt VI-B, Line 11A | The review process is comprised of four steps: |
| Pt VI-B, Line 11A | 1) The CFO reviewed Form 990 on 4/12/2011, by going through each line |
| Pt VI-B, Line 11A | of the return and investigating the meaning of questions by |
| Pt VI-B, Line 11A | reviewing the instructions and other outside documentation. |
| Pt VI-B, Line 11A | 2) Form 990 was reviewed by outside legal counsel who specializes |
| Pt VI-B, Line 11A | in IRS reporting. |
| Pt VI-B, Line 11A | 3) The President and CEO of CIT reveiwed Form 990. |
| Pt VI-B, Line 11A | 4) Form 990 was sent the CIT Board of Directors by the CFO, |
| Pt VI-B, Line 11A | requesting comments and questions. |
| Pt VI-B, Line 12c | All CIT employees provide a Financial Disclosure Statement annually. |
| Pt VI-B, Line 12c | The statement includes the name of any organization that CIT |
| Pt VI-B, Line 12c | works with in which the employee holds a security or equity interest, |
| Pt VI-B, Line 12c | is a director or officer, or has received any gifts, payments or |
| Pt VI-B, Line 12c | any type of compensation of more than a nominal value. |
| Pt VI-B, Line 12c | In addition, the President is required to notify the chairman of the Board |
| Pt VI-B, Line 12c | of Directors in writing of all affiliations with any individual |
| Pt VI-B, Line 12c | or organization that solicits CIT services. |
| Pt VI-B, Line 12c | The directors provide a Financial Disclosure Statement annually to |
| Pt VI-B, Line 12c | the Secretary of the Commonwealth of Virginia. The statement includes |
| Pt VI-B, Line 12c | information regarding personal and business financial interests. |
| Pt VI-B, Line 15 | The compensation of the President and CEO is set by the Board of |
| Pt VI-B, Line 15 | Directors, after a review and deliberation process which includes a |
| Pt VI-B, Line 15 | comparability study by an independent consultant. The compensation |
| Pt VI-B, Line 15 | is documented in the employment contract, and subsequent written |
| Pt VI-B, Line 15 | notification to the CFO regarding annual increase, if any. |
| Pt VI-B, Line 15 | The process was last undertaken in 2010. |
| Pt VI-C, Line 19 | CIT's governing documents and conflict of interest policy |
| Pt VI-C, Line 19 | are not available to the public. The audited financial statements |
| Pt VI-C, Line 19 | of IEIA and its blended component unit CIT are available on the |
| Pt VI-C, Line 19 | Auditor of Public Accounts website, www.apa.virginia.gov, and in |
| Pt VI-C, Line 19 | CIT's annual report located on CIT's website, www.cit.org. |
| Pt XI, Line 2c | CIT has a Finance and Audit committee that meets annually with the Auditor of |
| Pt XI, Line 2c | Public Accounts to receive the results of the annual audit. The committee |
| Pt XI, Line 2c | does not oversee the selection of the an independent auditor. |
| Pt XI, Line 2c | As the non-stock, not-for-profit corporation which acts as the |
| Pt XI, Line 2c | operating arm of the Innovation and Entrepreneurship Investment |
| Authority (IEIA), CIT's financial statements are audited annually during | |
| Pt XI, Line 2c | the audit of IEIA's financial statements. Section 2.2-2229 of the |
| Pt XI, Line 2c | Code of Virginia states that the accounts and books of IEIA will be |
| Pt XI, Line 2c | examined by the Auditor of the Public Accounts. |
| Part VI_A, Line 1a | CIT delegates authority to the Executive Committee to act on behalf |
| Part VI A, Line 1a | of the full board , as necessary, between board meetings. The Executive |
| Part VI A, Line 1a | Committee is comprised of the Chair of the Board, Vice Chair of the Board, |
| Part VI A, Line 1a | Chair of the Finance and Audit Committee and the Secretary of Technology. |
| Part X, Line 13 | CIT has not recorded the value of equity securities on Form 990 |
| Part X, Line 13 | or on its accounting records because these investments do not have |
| Part X, Line 13 | a ready market to indicate their market value. None of these |
| Part X, Line 13 | investments are traded on an open market nor do they have a |
| Part X, Line 13 | clear secondary market. |
| Part X, Line 13 | CIT has received a K-1 from Tau Therapeutics, LLC. Since CIT has |
| Part X, Line 13 | not recorded the original investment in Tau, it is not recording |
| Part X, Line 13 | the ordinary business loss of $13,357 and the interest income |
| Part X, Line 13 | of $169 reported on the K-1. |
| Part X, Line 13 | CIT has received a K-1 from Engineered Products of Virginia, LLC. |
| Part X, Line 13 | Since CIT has not recorded the original investment in Engineered |
| Part X, Line 13 | Products, it is not recording the business loss of $15,278 |
| Part X, Line 13 | reported on the K-1. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|
| INNOVATION AND ENTREPRENEURSHIP INVESTMENT AUTHORITY | |||||||||
| 2214 ROCK HILL ROAD STE 600 | HERNDON | VT | 20170 | 541491096 | ACCELERATING TECHNOLOGY | VA | State agency | NA | |
| INNOVATIVE TECHNOLOGY FOUNDATION | |||||||||
| 2214 ROCK HILL RD STE 600 | HERNDON | VA | 20170 | 541400124 | SUPPORTING CIT | VA | 501(c)(3) | NA | 11c Type III |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
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