Innovation Fund America Inc
Elyria, OH · EIN 46-1761848. Reported 65 grants totalling $5,253,000 to 58 organizations across tax years 2020-2024, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. For Innovation Fund America Inc, the IRS classifies it under community improvement rather than as a grantmaker (NTEE S30) -- it is an operating charity that also makes grants.
- How spread out its giving is. 58 distinct organizations, with 7% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 3% of one year's grantees are funded again the next, across 4 year-to-year transitions. That is below the 56% median for grantmaking charities, and well below the 67% median for private foundations. It describes the organizations it already funds, not whether it would consider a new one.
How big are its grants?
The median reported grant is $50,000. Half of what it reported fell between $45,000 and $150,000; the smallest was $5,000 and the largest $150,000. If you are asking for materially more than the top of that range, you are asking the wrong organization.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Mic Monitor LLC Dba Corrolytics | Akron, OH | $350,000 | 3 | 3 | 2024 |
| Neoindicate LLC | Wellington, OH | $300,000 | 2 | 2 | 2024 |
| Octet Scientific Inc | Cleveland, OH | $250,000 | 2 | 2 | 2022 |
| Courtesy Cups LLC | North Canton, OH | $175,000 | 2 | 2 | 2024 |
| Anemed Inc | Cleveland, OH | $150,000 | 1 | 1 | 2022 |
| Bailout Systems Inc | Euclid Oh, OH | $150,000 | 1 | 1 | 2024 |
| Bowerbags LLC | Dayton Oh, OH | $150,000 | 1 | 1 | 2024 |
| Care Bloom LLC | Beachwood, OH | $150,000 | 1 | 1 | 2022 |
| Content Status LLC | Mentor, OH | $150,000 | 1 | 1 | 2022 |
| Incaedium Initiative Corporation | Rocky River, OH | $150,000 | 1 | 1 | 2022 |
| Logically Engineered Automation Features Ltd | Stow, OH | $150,000 | 1 | 1 | 2024 |
| My Home Park Inc | Chagrin Falls, OH | $150,000 | 1 | 1 | 2022 |
| Notus Labs Inc | Cleveland, OH | $150,000 | 1 | 1 | 2023 |
| Prima Medical Inc | Cleveland, OH | $150,000 | 1 | 1 | 2023 |
| Symphony Robotics | Highland Heights Oh, OH | $150,000 | 1 | 1 | 2024 |
| True Concepts Medical Technologies LLC | Waynesville, OH | $150,000 | 1 | 1 | 2023 |
| Cyngusmed Inc | Akron, OH | $140,000 | 1 | 1 | 2024 |
| Sensate Biosystems | Elyria, OH | $140,000 | 1 | 1 | 2024 |
| Light-Handed Enterprises LLC | Cleveland, OH | $125,000 | 2 | 2 | 2024 |
| Neverending Inc | Cleveland, OH | $125,000 | 2 | 2 | 2022 |
| Aeiou Scientific LLC | Athens, OH | $100,000 | 1 | 1 | 2020 |
| Coag Co LLC | Bentleyville, OH | $100,000 | 1 | 1 | 2022 |
| Roosense LLC | Copley, OH | $100,000 | 1 | 1 | 2022 |
| TIME2TALK Inc | Cleveland, OH | $100,000 | 1 | 1 | 2021 |
| What's Next Ed Corporation | Avon Lake, OH | $100,000 | 1 | 1 | 2021 |
| Zcath Manufacturing Inc | Cuyahoga Falls, OH | $100,000 | 1 | 1 | 2021 |
| On Demand Care Corp | Chagrin Falls, OH | $75,000 | 1 | 1 | 2020 |
| Hovn LLC | Akron, OH | $60,000 | 1 | 1 | 2024 |
| Juggerbot 3D LLC | Youngstown, OH | $55,000 | 1 | 1 | 2020 |
| Armadillo Protection LLC | Columbus Oh, OH | $50,000 | 1 | 1 | 2024 |
| Auxilium Health Inc | Alliance, OH | $50,000 | 1 | 1 | 2023 |
| Avayla Solutions - Dba Blazebite | Seven Hills Oh, OH | $50,000 | 1 | 1 | 2024 |
| Cavalry Transport LLC | Bay Village, OH | $50,000 | 1 | 1 | 2022 |
| Deephire LLC | Akron, OH | $50,000 | 1 | 1 | 2020 |
| Dentemp LLC | Fairview Park, OH | $50,000 | 1 | 1 | 2022 |
| NEEZ21 Inc | Lima, OH | $50,000 | 1 | 1 | 2023 |
| Qwikglove LLC | Beachwood Oh, OH | $50,000 | 1 | 1 | 2024 |
| RH2 LLC | Centerville, OH | $50,000 | 1 | 1 | 2022 |
| Scope Medical Inc | Brunswick Oh, OH | $50,000 | 1 | 1 | 2024 |
| Trance Medical LLC | Youngstown, OH | $50,000 | 1 | 1 | 2022 |
| Tritonx Inc | Shaker Heights Oh, OH | $50,000 | 1 | 1 | 2024 |
| Uavistas LLC | East Cleveland, OH | $50,000 | 1 | 1 | 2022 |
| Zsense Systems LLC | Akron, OH | $50,000 | 1 | 1 | 2022 |
| Roadprintz LLC | Cleveland Hts, OH | $45,000 | 1 | 1 | 2020 |
| Neoex Systems | Amherst, OH | $37,500 | 1 | 1 | 2020 |
| Thriveable | Bedford Hts, OH | $35,000 | 1 | 1 | 2020 |
| Hyr Medical Inc | Highland Hts, OH | $29,000 | 1 | 1 | 2020 |
| Baru Inc | Elyria, OH | $25,000 | 1 | 1 | 2021 |
| Gather | Cleveland, OH | $25,000 | 1 | 1 | 2020 |
| Hive Skills Inc | Akron, OH | $25,000 | 1 | 1 | 2020 |
| Polylux LLC | Akron, OH | $25,000 | 1 | 1 | 2020 |
| Farm Fair LLC | Cleveland, OH | $20,000 | 1 | 1 | 2020 |
| Mbrio Technologies | Pepper Pike, OH | $20,000 | 1 | 1 | 2020 |
| Sivad Marketing Ltd | Cleveland, OH | $20,000 | 1 | 1 | 2022 |
| Strife Ai LLC | Olmsted Twp, OH | $19,000 | 1 | 1 | 2020 |
| Teametrix | Canfield, OH | $15,000 | 1 | 1 | 2020 |
| Argyle Scientific Inc | Uniontown, OH | $12,500 | 1 | 1 | 2020 |
| Profitai Inc | Cleveland, OH | $5,000 | 1 | 1 | 2020 |
6 of 58 (10%) received money in more than one year over the 5 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2020 | 19 | $718,000 | $25,000 |
| 2021 | 4 | $325,000 | $100,000 |
| 2022 | 19 | $1,745,000 | $100,000 |
| 2023 | 7 | $750,000 | $150,000 |
| 2024 | 16 | $1,715,000 | $140,000 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are a sign of overlapping priorities and nothing more: they do not show that any of these funders would consider a new organization. Each page says what its filings show.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $50,000 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in Ohio.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Where these numbers come from
Everything above is taken from Innovation Fund America Inc's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 5 returns (tax years 2020-2024). Grant figures are from its returns. Recipient classifications, the concentration and retention figures and the funders that support the same organizations are our own calculations from them, described in how we build this.
On its most recent return it told the IRS it made grants to 0 section 501(c)(3) organizations and 16 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 1005 North Abbe Road CC220, Elyria, OH, 44035.
EIN 46-1761848 · See the original filings on ProPublica · How we build this
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