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EDISON INNOVATION FOUNDATION

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Public IRS 990 nonprofit record

EDISON INNOVATION FOUNDATION

EIN 22-3442892 · Arts, Culture & Humanities (A800)

What they do

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.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$74.06spent for every $100 of revenueRevenue covered expenses this year.
$70.60of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$3.79in assets for every $1 spent this yearSome assets cannot be spent right away.
78.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $220,458 for JOHN P KEEGAN (CHAIRMAN,PRES). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$991,470
Expenses$734,242
Annual surplus $257,228 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$518,158 · 70.6% of expenses
Grants paid$355,260 · 48.4% of expenses
Reported executive compensation (total)$293,840 · 40.0% of expenses
See all reported dollar amounts
Revenue$991,470
Expenses$734,242
Assets$2,783,137
Income$1,380,813
Contributions$781,850
Grants given$355,260
Average grant$32,296
Management and general$518,158
Executive compensation (total)$293,840
Stocks and bonds$2,471,322
Accounting fees$37,197
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JOHN P KEEGANCHAIRMAN,PRES · 30 hrs/week $220,458
THOMAS UNGERLANDEXEC VICE PRES · 20 hrs/week $82,500
GEORGE Q KEEGANTREASURER/SECR · 2 hrs/week $24,860
WADE KNOWLESVICE PRESIDENT · 1 hrs/week $11,660

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

JOHN P KEEGANCHAIRMAN,PRES

THOMAS UNGERLANDEXEC VICE PRES

GEORGE Q KEEGANTREASURER/SECR

WADE KNOWLESVICE PRESIDENT

DANIEL KEEGANEXEC VICE PRES

About this charity

Recognized since
January 1996
Location
1 RIVERFRONT PLAZA 3RD FLOOR, NEWARK, NJ 07102
County
Essex
In care of
JOHN P KEEGAN
Primary officer
JOHN P KEEGAN, CHAIRMAN AND PRES

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
KRIM LANDAU LLC
NTEE classification
Arts, Culture & Humanities (A800)
IRS tax category
Historical Sites
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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