Edison Innovation Foundation
Edison Innovation Foundation
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About this organization
Mission
To preserve and promote the historical facilities and papers of Thomas Edison where and in which he invented the products that shaped the modern world; to benefit minorities and children providing the necessary skills to pursue careers in science and technology.
About
EIF's primary goal is to raise $90 million for the restoration and upkeep of Edison's legacy throughout America. On October 9th, 2009, the legendary Edison Labs in West Orange, NJ opened after more than five years of major renovations. These buildings were in critical need of repair, and the collections including, notebooks, early prototypes, and thousands of early recordings were in danger or being lost due to deterioration. The initial focus of this campaign was to support the newly renamed Thomas Edison National Historical Park('TENHP') and associated educational and research efforts in general. However, during this initial phase, EIF is also working on individual public sector projects as well as forming alliances with other organizations and foundations in order to achieve educational initiatives. Some recent public sector work is described in section below. (Continued on sch o)
Interesting data from their 2019 990 filing
The mission of the non-profit, as stated in the filing, is “To preserve and promote the historical facilities and papers of thomas edison where and in which he invented the products that shaped the modern world;to benefit minorities and children providing the necessary skills to pursue careers in science and technology.”.
When referring to its tasks, they were described as: “To preserve and promote the historical facilities and papers of thomas edison where and in which he invented the products that shaped the modern world;to benefit minorities and children providing the necessary skills to pursue careers in science and technology.”.
- The non-profit is operating legally in the state of NJ.
- The non-profit's address for the year 2019 is listed as 1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ, 07102 in the filing.
- The form submitted by the non-profit organization for 2019 reports 3 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $301,904.
- The CEO compensation package within the organization is established through a review and approval process by an independent body.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 2 independent voting members.
- The organization was formed in 1996.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $437,448 in salary, compensation, and benefits to its employees.
- The organization pays $132,792 in fundraising expenses.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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