2025-05-15T13:05:44-07:00 2024-12-31 463113934 KRIM LANDAU LLC 57 APPLE STREET TINTON FALLS NJ 07724 990 2024-01-01 223442892 EDISON INNOVATION FOUNDATION EDIS 9736480500 1 RIVERFRONT PLAZA 3RD FLOOR NEWARK NJ 07102 JOHN P KEEGAN CHAIRMAN AND PRES 2025-05-15 true true ROBERT S KRIM P00012597 7329457600 2024 2025-03-06 01:10:19Z JOHN P KEEGAN 1 RIVERFRONT PLAZA 3RD FLOOR NEWARK NJ 07102 1217068 false X WWW.THOMASEDISON.ORG X 1996 NJ 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 ALL STUDENTS PROVIDING THE NECESSARY SKILLS TO PURSUE CAREERS IN SCIENCE AND TECHNOLOGY. 4 2 3 1 0 523600 751800 0 98083 188618 0 621683 940418 54226 44892 0 494036 497191 0 129194 158881 142090 707143 684173 -85460 256245 2133476 2467197 38535 31025 2094941 2436172 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 ALL STUDENTS PROVIDING THE NECESSARY SKILLS TO PURSUE CAREERS IN SCIENCE AND TECHNOLOGY. false false 57737 PROGRAM SERVICE ACCOMPLISHMENTSPLEASE SEE ATTACHMENT 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) 57737 true true false false false false false false false false true false false false true false true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false true 3 0 true 3 true false false false false false false false 0 false false false false false false false X 4 2 true false false false false false false true true false false true true true true false true true true false NJ X JOHN P KEEGAN 9736480500 1 RIVERFRONT PLAZA NEWARK NJ 07102 JOHN P KEEGAN Chairman,Pres 30.00 0.00 X X 203500 0 0 THOMAS UNGERLAND Exec Vice Pres 20.00 0.00 X X 82500 0 0 GEORGE Q KEEGAN Treasurer/Secr 2.00 0.00 X X 24860 0 0 WADE KNOWLES Vice President 1.00 0.00 X X 11660 0 0 322520 1 false true false NONE 0 751800 751800 0 48855 48855 0 0 0 416413 276650 139763 139763 139763 0 0 0 0 940418 188618 12500 12500 32392 32392 0 0 322520 203500 119020 0 137952 137952 1300 1300 7490 7490 27929 27929 0 0 35339 35339 0 0 0 0 3836 3836 1840 1840 3250 3250 0 73864 73864 6338 6338 0 7145 7145 0 0 0 5296 5296 HISTORIC SITE COSTS 2450 2450 TELEPHONE 1198 1198 BANK FEES 1171 1171 Printing and Publications 363 363 0 684173 57737 497242 129194 0 96036 156509 0 0 0 0 0 0 2283 2351 151258 123758 27500 27500 1926617 2199798 0 0 0 81040 81039 2133476 2467197 36695 29380 1840 1645 38535 31025 X 2094941 2436172 2094941 2436172 2133476 2467197 256245 112973 -27987 X false true X true false X 674049 700678 630500 523600 751800 3280627 0 0 674049 700678 630500 523600 751800 3280627 2581662 698965 36348 39422 44670 46623 48855 215918 0 0 3496545 0.19990 0.21140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4378 4378 146880 119380 27500 27500 PAYROLL TAXES PAYABLE 1645 1645 1025404 112973 -27987 84986 940418 940418 684173 684173 684173 true NEW JERSEY HALL OF FAME 614 FRELINGHUYSEN AVE NEWARK NJ 07114 223291935 501(C)3 12500 0 TO SUPPORT MUSEUM 1 0 TEACHERS AWARDS/STIPENDS 56 11027 EDISON BULB/BASE/BUSTS 11 299 COST EDISON BULB/BASE/BUSTS PITCH CONTEST 100 13685 COST CONTEST KITS PITCH CONTEST TROPHY 24 3087 COST TROPHY PITCH CONTEST PRIZES 9 2163 COST PRIZES PITCH CONTEST SHIRTS 38 2131 COST CUSTOM SHIRTS/HATS Grantmaker's Description of How Grants are Used EDISON INNOVATION FOUNDATION (EIF) RECOMMENDS THAT A GRANT REQUEST BE SUBMITTED ON THE REQUESTING ORGANIZATIONS LETTERHEAD AND BE SIGNED BY AN OFFICIAL ON BEHALF OF THE GOVERNING BOARD. EIF DOES NOT REQUIRE OR SUPPLY APPLICATION FORMS. THE REQUEST SHOULD BE DETAILED, COMPLETE AND INCLUDE BACKGROUND INFORMATION ABOUT THE ORGANIZATION, A FULL EXPLANATION OF THE PROJECT AND ITS COSTS, AND A FINANCIAL REPORT, CURRENT BUDGET AND EVIDENCE OF TAX-EXEMPT STATUS OF THE REQUESTING ORGANIZATION. EIF MEETS TWICE A YEAR, USUALLY IN DECEMBER AND JULY AT WHICH TIME REQUESTS WHICH HAVE BEEN SUBMITTED AT LEAST THREE WEEKS PRIOR TO THE MEETING WILL BE CONSIDERED. PROGRESS REPORTS AND A FINAL ACCOUNTING OF THE USE OF THE GRANT FUNDS ARE REQUIRED OF ALL GRANT RECIPIENTS. X X false true X X X false false false false false false false false false JOHN P KEEGAN Chairman,Pres 203500 203500 Part I, Line 1a: Relevant information in regards to selections on 1a. ALL TRAVEL AND RELATED EXPENSES ARE AUTHORIZED AND APPROVED BY THE BOARD OF TRUSTEES AT MEETINGS IN ADVANCE OF TRAVEL RELATED EXPENDITURES TAKING PLACE. Part I, Line 1b: Reason for not following policy regarding payment provisions for expenses THERE IS NOT A WRITTEN POLICY, THE FOUNDATION FOLLOWS AN INFORMAL POLICY, WHEREAS ALL TRAVEL AND RELATED EXPENSES ARE AUTHORIZED AND APPROVED BY THE BOARD OF TRUSTEES IN ADVANCE OF RELATED EXPENDITURES AS DESCRIBED IN THE RESPONSE TO LINE 1A, ABOVE. Form 990, Part VI, Section A, Line 2 JOHN P. KEEGAN, CHAIRMAN AND PRESIDENT OF THE EDISON INNOVATION FOUNDATION IS THE FATHER OF GEORGE Q. KEEGAN, SECRETARY/TREASURER/TRUSTEE. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED PRIOR TO ITS FILING BY JOHN P. KEEGAN, CHAIRMAN AND PRESIDENT OF THE EDISON INNOVATION FOUNDATION, AS WELL AS A TRUSTEE OF THE FOUNDATION Form 990, Part VI, Section B, Line 12c THE FOUNDATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY SEMI-ANNUALLY AT BOARD MEETINGS. Form 990, Part VI, Section B, Line 15a SEE ANSWER FOR 15B BELOW Form 990, Part VI, Section B, Line 15b THERE IS AN ANNUAL REVIEW OF COMPENSATION BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, THROUGH WHICH THE COMMITTEE REVIEWS COMPENSATION DATA AND STATISTICS REGARDING COMPARABLE ORGANIZATIONS FROM THE COUNCIL ON FOUNDATIONS AND ASSOCIATION OF SMALL FOUNDATIONS FOR GUIDANCE, AND THEN MAKES ITS RECOMMENDATIONS TO THE BOARD REGARDING THE APPROPRIATE AMOUNT OF COMPENSATION. Form 990, Part VI, Section C, Line 19 THE FOUNDATION DOES NOT DISCLOSE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR ITS FINANCIAL STATEMENTS TO THE GENERAL PUBLIC.PLEASE SEE CONTINIUATION OF SCHEDULE O FOR OTHER ITEMS