Innovia Foundation

What it reported doing in 2024

LaunchNW: With the mission of galvanizing entire communities to ensure that every child finds belonging and travels their best journey from birth to career attainment, Innovia's economic and community vitality initiative, LaunchNW, significantly expanded its reach in 2025. The Promise Scholarship was awarded to its second round of recipients, bringing the number of students receiving the scholarship to 312. The program also expanded into additional counties, with scholarships now being awarded to eligible students in Spokane, Columbia, Stevens (Northport High School), and Garfield Counties. The scholarship is a non-competitive last-dollar award that removes financial barriers to post-high school education and vocational training.(Continued on Schedule O)The Mpower Mentoring Program, in partnership with community organizations, school districts, and universities, provided mentoring, career experiences, and wraparound supports to 1,720 students in eight Spokane County high schools during the 2023-2024 school year. The program expanded to 13 high schools in the 2024 - 2025 school year, reaching a total of 3,500 students mentored. The LaunchNW College Navigator program was implemented in the summer of 2025 and offers comprehensive guidance and support to students pursuing regional colleges, apprenticeships, or trade programs after high school.Navigators provide direct support as students transition into and progress through their post-high school journey, working closely with both students and campus partners to create personalized success plans and foster meaningful campus connections. They help students explore career pathways, access resources, and create opportunities for belonging. Meeting students where they are and guiding them forward with purpose is the most powerful way to break cycles of poverty, unlock lifelong opportunities, and ensure every young person travels their best journey. College Navigators are placed at WSU, EWU, Spokane Colleges, Whitworth University, and Gonzaga University. We continued working with our community to increase FAFSA/WASFA completion through extending and building upon our media campaign, reaching thousands of families in Eastern Washington and North Idaho.FAFSA Opens Doors is a LaunchNW initiative designed to increase financial aid completion and expand access to education and career training across Eastern Washington. The program works with schools, businesses, and community organizations to help students and families understand and complete financial aid applications such as the FAFSA and WASFA. Through workshops, one-on-one assistance, and resources available in ten languages, FAFSA Opens Doors reduces barriers to financial aid and helps families access funding for postsecondary education and workforce training. The initiative also develops and delivers curriculum for student and family workshops that build awareness, understanding, and confidence around financial aid.A key component of the initiative is building community capacity through partnerships and training. Businesses, nonprofits, and community leaders can participate in Educational Access Ambassador (EAA) trainings, equipping them with the knowledge and tools to support employees, families, and students navigating financial aid. Many trained ambassadors also serve as volunteers, supporting FAFSA completion events and workshops in local schools. FAFSA Opens Doors partners with financial institutions and other community organizations to expand outreach and develop regional media campaigns. As part of this effort, inspirational student and parent stories are also shared through Washington Student Achievement Council's OtterBot messaging platform. Together, these efforts create a coordinated regional campaign that increases awareness, expands access to support, and helps more students successfully pursue education beyond high school.Engage In Real Life was launched in August 2024 through a partnership with Spokane Public Schools an

Financial Efficiency

• Mission deployment rate: 73.4%; rating input score 73
• Program expense ratio: 89.7%; rating input score 90
• Fundraising efficiency: $70.49 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 4 of 8 controls in place; rating input score 50
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Pass
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 99.7%; rating input score 100; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 29.4%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 12.67; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.11; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: 11.6% per year; rating input score 100; 76th percentile among comparable filings
• Revenue growth: 12% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings