COUNCIL FOR INNOVATION PROMOTION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

ANDREI IANCU

Phone

2028159369

Tax Period

2023-01-01 to 2023-12-31

COUNCIL FOR INNOVATION PROMOTION, founded in 2022, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 40% operating margin.

Mission

COUNCIL FOR INNOVATION PROMOTION IS A BIPARTISAN COALITION DEDICATED TO PROMOTING STRONG AND EFFECTIVE INTELLECTUAL PROPERTY RIGHTS THAT DRIVE INNOVATION, BOOST ECONOMIC COMPETITIVENESS, AND IMPROVE LIVES ELSEWHERE.

Program Service Accomplishments

Program 1

Expenses: $2,004,490

COUNCIL FOR INNOVATION PROMOTION ("C4IP") DEVELOPED AND IMPLEMENTED A COMPREHENSIVE GOVERNMENT AND PUBLIC AFFAIRS PROGRAM TO EDUCATE POLICYMAKERS, THE ADMINISTRATION, MEDIA, ACADEMICS, AND OTHER...

COUNCIL FOR INNOVATION PROMOTION ("C4IP") DEVELOPED AND IMPLEMENTED A COMPREHENSIVE GOVERNMENT AND PUBLIC AFFAIRS PROGRAM TO EDUCATE POLICYMAKERS, THE ADMINISTRATION, MEDIA, ACADEMICS, AND OTHER AUDIENCES ON THE IMPORTANT ROLE INTELLECTUAL PROPERTY ("IP") PLAYS IN DRIVING AND SUPPORTING DOMESTIC INNOVATIVE AND CREATIVE INDUSTRY SECTORS, ECONOMIC COMPETITIVENESS AND GROWTH, AND JOB CREATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,530,001

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,530,001

Expense Breakdown

Grants Paid $65,000

Salaries & Benefits $628,020

Fundraising Expenses $0

Program Expenses $2,004,490

Other Expenses $1,412,772

TOTAL EXPENSES $2,105,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,530,001	$2,600,000	+0.4%
Expenses	$2,105,792	$1,185,838	+0.8%
Net Income	$1,424,209	$1,414,162	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREI IANCU	C0- BD CHAIRMAN	10.00	Officer Director	$0	$0	$0
DAVID KAPPOS	CO-BD CHAIRMAN	10.00	Officer Director	$0	$0	$0
JUDGE PAUL MICHEL	DIRECTOR	2.00	Director	$0	$0	$0
JUDGE KATHLEEN O'MALLEY	DIRECTOR	2.00	Director	$0	$0	$0
FRANCIS W CULLEN JR	EXECUTIVE DIRECTOR	40.00	Highest	$291,750	$0	$291,750

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,530,001	$2,105,792	$2,855,947	$1,424,209
2022	$2,600,000	$1,185,838	$1,416,204	$1,414,162