Innovative Technology Foundation in Herndon, Virginia (VA)

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Innovative Technology Foundation
Employer Identification Number (EIN)541400124
Name of OrganizationInnovative Technology Foundation
Address2214 Rock Hill Road, Herndon, VA 20170-4233
ActivitiesOther scientific research activities
SubsectionEducational Organization
Ruling Date02/1989
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$204,868
Amount of Income$306
Form 990 Revenue Amount$306

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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$306
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$306
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$66
Total net assets$194,732
Excess for the year$240
Net assets or fund balances at beginning of year$194,492
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$204,868
Total liabilities$10,136
Net assets or fund balances$194,732
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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