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National Academy of Inventors Inc

EIN 27-2310390 · Tampa, FL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceWeak42 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ACADEMY OF INVENTORS IS 100% DEEVOTED TO INSTRUCTING INDIVIDUALS IN AN EFFORT TO IMPROVE SKILLS AS INVENTORS AND INSTRUCTING THE PUBLIC AS TO THE BENEFITS OF INNOVATION. THE SUBLECT MATTER OF THE EDUCATION ENCOMPASSES ESSENTIALLY THE ENTIRE FIELDS OF APPLIED SCIENCE WITH A FOCUS ON TRANSFORMATIVE TECHNOLOGY AND ACADEMIC INNOVATION.

Income
$3.7 million
Spending
$1.9 million
Spent on programs
80%
Reserves
41.5 months of spending
Largest source of income
fees for its services, 44%
Employees
5

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 87% of charities in its peer group (science, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 41.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 48% of income.

  • Income trend

    15 of 15

    Income rose 51% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 42 out of 100. Higher than 6% of charities in its peer group (science, $1m to $10m).

  • Independent board

    25 of 25

    5 of 9 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $1.5 million spent. SEE SCHEDULE O
  2. NAI ANNUAL MEETING THE NAI ANNUAL MEETING IS HELD EACH SPRING AND FEATURES STIMULATING PRESENTATIONS AND NETWORLING WITH RENOWNED INVENTORS FROM ACCROSS THE US AND AROUND THE WORLD. THE MEETING SERVES AS AN ARENA WHERE INNOVATION AND ENTREPRESNEIRSHIP IN THE ACADEMIC WORLD, LEADING LOCAL AND NATIONAL ECONOMIC DEVELOPMENT IS RECOGNIZED, HONOURED AND CULTIVATED.
  3. BRICK AND MORTAR IS IS ESTIMATED TO BUILD A PHYSICAL OFFICE BUILDING IN AN OFFSITE LOCATION FOR THE FOUNDATION. THE BOARD HAS CHOSEN TO ASSIGN 100,000 PER YEAR TO THIS FUND UNTIL BUILDING PLANS ETC CAN COMMENCE.
  4. GRANT FOR FEES: THE BOARD HAS ELECTED TO FUND AN NAI RESERVE FOR SUPPORTING MEMEBERS IN HARDSHIP AND RETIREMENT. THIS ALSO INCLUDES MEMBER INSTITUTIONS WHO MIGHT HAVE BUDGET RESTRICTIONS AND TO SUPPORT SUPPORT OUR FELLOWS WHO MAY BE UNABLE TO CONTINUE MEMBERSHIP DUE TO THE FACT THAT THEY RETIRED AND OR INCOME HAS CHANGED.
  5. GRANT FOR FEES: THE BOARD HAS ELECTED TO FUND AN NAI RESERVE FOR SUPPORTING MEMEBERS IN HARDSHIP AND RETIREMENT. THIS ALSO INCLUDES MEMBER INSTITUTIONS WHO MIGHT HAVE BUDGET RESTRICTIONS AND TO SUPPORT SUPPORT OUR FELLOWS WHO MAY BE UNABLE TO CONTINUE MEMBERSHIP DUE TO THE FACT THAT THEY RETIRED AND OR INCOME HAS CHANGED.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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