EDISON INNOVATION FOUNDATION
1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ 07102 www.thomasedison.org

Total Revenue
$448,888
Total Expenses
$615,667
Net Assets
$1,752,021

Organizations Filed Purposes: 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.

NATIONAL GALLERY OF YOUNG INVENTORS (CONTINUED FROM FORM 990)DUE TO COVID-19, APPLICATIONS FOR THIS YEARS 2019 TOMMY AWARD RECIPIENTS AND INDUCTIONS INTO THE NATIONAL GALLERY OF YOUNG INVENTORS HAVE BEEN POSTPONED TO LATE SPRING 2020. STUDENT BOARD MEMBERS (WHICH BOARD INCLUDES PREVIOUS WINNERS) USUALLY MEET IN PERSON FOR SEVERAL DAYS TO REVIEW APPLICATIONS, VIDEO PRESENTATIONS AND CHOOSE THE WINNERS. ONCE THE WINNERS HAVE BEEN CHOSEN, EACH WILL RECEIVE THE PRESTIGIOUS TOMMY STATUE AND A $500 CHECK.

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)

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
John P KeeganChairman,Prsdnt30$185,640
Thomas UngerlandExec Vice Pres20$75,000
George Q KeeganTreasurer/Secr2$22,600
Wade KnowlesVice President1$10,600

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202011979349300211_public.xml