THE INNOVATION FOUNDATION IS DOING BUSINESS AS THE STREET PHILOSOPHER SOCIETY, A PROGRAM ESTABLISHED TO IDENTIFY, HONOR, AND AMPLIFY MODERN PHILOSOPHERS WHOSE WISDOM IS ROOTED IN LIVED EXPERIENCE RATHER THAN ACADEMIC TRAINING. THE SOCIETY EXISTS TO RECOGNIZE THESE INDIVIDUALS THROUGH GRANTS/AWARDS AND TO PROMOTE PUBLIC ENGAGEMENT WITH THEIR IDEAS THROUGH MEDIA, EVENTS, AND COMMUNITY-BUILDING INITIATIVES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
- Base
- $200k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Director Board Member Above 90th percentile | $200k | — | — | — | $200k $214k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 2 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at The Innovation Foundation Inc equaled 47% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 6%
from 2023
From $189k in 2023 to $200k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay rose 6% from 2023 to 2024, while revenue rose 16%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about The Innovation Foundation Inc
What does the Board Member of The Innovation Foundation Inc earn?
In 2024, the Board Member of The Innovation Foundation Inc received $200,000 in total compensation. This pay is in the top 10% for Board Member roles among Education organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Member pay at The Innovation Foundation Inc compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2024 pay of the Board Member at The Innovation Foundation Inc falls in the top 10%. In 2024, the highest total compensation at The Innovation Foundation Inc equaled 47% of the organization's total expenses. The median for education organizations is 7%.
What are The Innovation Foundation Inc's revenue and expenses?
In 2024, The Innovation Foundation Inc reported $345k in total revenue and $423k in total expenses on its IRS Form 990.
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