Illinois · Nonprofit
INNOVATION DUPAGE
INNOVATION DUPAGE (Illinois) receives grants from 2 organizations whose IRS filings report $147,500 to it, the largest being The Bank of America Charitable Foundation Inc ($85,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $836k
- Funders on record
- 2
- Grants received
- $148k
- Net assets
- $244k
What Innovation Dupage does
Mission
Innovation Dupage is made possible by a network of academic, governmental, and business partners. We share resources, talent, and ideas as we support our growing community of local entrepreneurs and startups through education, incubation, acceleration, and collaboration
As stated on its FY2025 Form 990.
Programs
Innovation Dupage is a non-profit venture that unites startup founders and small business owners with the people, resources, and programs that help them grow. Members collaborate across an extensive network of enterprise, academic, economic development, and research partners. Innovation Dupage supports the startup community, enhances regional prosperity, attracts world-class talent, and drives sustainable economic growth. The organization fosters innovation and supports and encourages the growth of jobs, companies and economic development in dupage county and surrounding midwest region by providing entrepreneurs access to education and training resources, business and community support, capital, and customers.
$491,791 spent$141,896 earned by the program96% of program spendingInnovation Dupage offers a 10-week program twice per year, titled "owner to ceo." this program is offered to owners of small businesses with revenues in the $200,000 to $2 million range in order to help augment their skills in a number of areas in order to be more effective in the management of their businesses. The program saw a dozen or so instructors/experts teach classes in areas such as finance, marketing, human resources, information technology, and sales. The expense amount included here represents the cost incurred to run this program.
$7,050 spent$54,000 earned by the program1% of program spendingPart of the mission of Innovation Dupage is to foster entrepreneurship interest among college and high school students. To that end, pitch competitions are sponsored wherein aspiring entrepreneurs present their business ideas to a panel of independent judges with successful entrepreneurial backgrounds. Prizes are awarded to encourage these contestants to continue to pursue their endeavors. Innovation Dupage contributed $12,000 toward such prize monies in fiscal 2024.
$12,000 spent2% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $510,841.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $83k to $228k (+174%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 74% · 2021 81% · 2022 69% · 2023 61% · 2024 65% · 2025 72%. Grants only. Government contracts and fees sit inside program revenue.
74% of INNOVATION DUPAGE’s revenue is contributions — about as donation-reliant as the typical peer (91% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $25k → $53k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 42% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of INNOVATION DUPAGE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
INNOVATION DUPAGE leans on a few funders — its largest provides 58% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
42% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INNOVATION DUPAGE.
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 67% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
INNOVATION DUPAGE draws 100% of its grant income from funders outside Illinois, across 1 state in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $63k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
INNOVATION DUPAGE runs a healthier operating margin than half of the 13,062 human services nonprofits its size.
this organization peer median middle 50% of peers· 13,062 human services nonprofits $100k–$1M, FY2025
Organizations like INNOVATION DUPAGE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
67% of spending goes to programs.
Governance
Public support
75%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for INNOVATION DUPAGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INNOVATION DUPAGE?
- INNOVATION DUPAGE (Illinois) receives grants from 2 organizations whose IRS filings report $147,500 to it, the largest being The Bank of America Charitable Foundation Inc ($85,000). 2 of them have funded it in more than one year.
- How many funders does INNOVATION DUPAGE have?
- IRS filings report 2 organizations giving $147,500 in grants to INNOVATION DUPAGE, 2 of which have funded it in more than one year.
- Who is the largest funder of INNOVATION DUPAGE?
- The Bank of America Charitable Foundation Inc is the largest funder on record, with $85,000 in grants. The full list of funders is on this page.
- How can an organization like INNOVATION DUPAGE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Innovation Dupage →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing