The Innovation Foundation Inc

Fiscal year ending 2024. Filed on November 17, 2025.

1130 W Monroe Street
Chicago, Illinois 60607

The Innovation Foundation Inc (EIN: 80-0633175), also known as Chicago Ideas Week & Street Phil Society, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, The Innovation Foundation Inc, a 501(c)(3) charitable organization, reported compensation for 1 out of 1 total employees. Among the employees shown here, the average compensation is $200,000. The highest compensated employee at The Innovation Foundation Inc is Scott Smith with fiscal year 2024 compensation of $200,000.

Revenue, expenses, and employee compensation

Revenue

$345,070

Expenses

$422,629

Employee compensation

$217,207

Reported Compensated Employees

Scott Smith

Director

$200,000

$200,000 No related compNo other comp

Non-Employee Board Members

Mission Statement

THE INNOVATION FOUNDATION IS DOING BUSINESS AS THE STREET PHILOSOPHER SOCIETY, A PROGRAM ESTABLISHED TO IDENTIFY, HONOR, AND AMPLIFY MODERN PHILOSOPHERS WHOSE WISDOM IS ROOTED IN LIVED EXPERIENCE RATHER THAN ACADEMIC TRAINING. THE SOCIETY EXISTS TO RECOGNIZE THESE INDIVIDUALS THROUGH GRANTS/AWARDS AND TO PROMOTE PUBLIC ENGAGEMENT WITH THEIR IDEAS THROUGH MEDIA, EVENTS, AND COMMUNITY-BUILDING INITIATIVES.