2019 Annual Report2019 Annual Report

We apply lessons from the world’s greatest inventors — our Inductees — to empower the next generation of innovators through STEM education, intellectual property knowledge and inspiring experiences that build confidence and creativity.

At the National Inventors Hall of Fame® (NIHF),

Michael J. OisterChief Executive Officer National Inventors Hall of Fame

FOR NIHF, 2019 WAS A YEAR OF FOCUS —

A YEAR IN WHICH WE CONCENTRATED ON OUR MISS ION, IMPROVED OUR PROCESSES AND STRENGTHENED THE

CORE OF OUR ORGANIZATION.

WE S HARE D

TO CO NN E CT ONE G E N ERATION O F INVENTORS WIT H THE NEXT

inspirationinspiration

“An inventor change s , m odi f ies or adapts sp ec i f i c th ings in sp ec i f i c d i rec t ions an d recognizes connect ions .”

— n ihf indu cte e ge orge alcorn, inv e ntor of the x-ray spe ctrom e te r

WE PLACED OUR WORLD-CHANGING INDUCTEES AT THE CENTER OF ALL WE DO.

WE HELD TH E 47TH ANNUAL NIHF INDUCTION CEREMONY.

19 V IS IONARY INVENTORS WERE INDUCTED, GROWING THE NIH F FAMILY TO 581 INDUCTEES .

51 INDUCTEES WERE INCORPORATED INTO OUR CAMP INVENTION® CURRICULUM.

2,013 CHILDREN MET AN INDUCTEE IN PERSON AT CAMP INVENTION.

WE SHARED INDUCTEES ’ STORIES WITH MORE THAN 35,000 NIHF MUSEUM VISITORS .

WE PROVID E D E NG AGING

TO CHILD RE N NAT IONWIDE WITH A L L-NE W CURRICULA

stem educationstem education

“ Cu r ios i t y a nd exp lorat ion a re the essent ia l s ta r t ing p oin ts o f innovat ion . We hav e to cu l t i vate that in o urse lv es , a nd in young c h i ldren , beca use that ’s wh ere i t s ta r t s .”

— n ihf inductee sumita m itra , inventor of nan ocom p os i te dental mater ials

NIHF HAS BEEN A LEADER IN STEM EDUCATION FOR 30 YEARS , PROVIDING INCLUSIVE , HANDS-ON

LEARNING EXPERIENCES.

OUR IMPACT IN 2019 HAS BEEN MADE POSSIBLE BY OUR DEDICATED PARTNERS AND GENEROUS

SPONSORS AND DONORS.

WE BROUGHT SCIENTIF IC EXPLORATION, TEAMWORK AND FUN TO MORE THAN 3,000 SCHOOLS AND

DISTRICTS NATIONWIDE, INCLUDING WASHINGTON, D.C . AND PUERTO R ICO.

WE PARTNERED WITH 22,000 TEACHERS AND PROGRAM TEAM MEMBERS TO HELP YOUNG

INNOVATORS BUILD TH EIR PROBLEM-SOLVING AND CRIT ICAL TH INKING SK ILLS .

WE INSPIRED CONFIDENCE AND CREATIV ITY IN 130,808 CAMP INVENTION PARTIC IPANTS.

WE IMPACTED 178,172 STUDENTS THROUGH OUR IMMERSIVE , PREK-12 STEM PROGRAMS, 35% OF WHOM

BENEFITED FROM SCH OLARSHIPS .

“My daughter s t ruggles w i th focus and at tent ion . Camp Invent ion has changed our l ives . She i s exc i ted about learn ing new th ings now

and her conf idence i s th rough the roof .”

— Rebecca B . , For t Smi th , Arkansas

“My son loved at tend ing Camp Invent ion! He had a

b las t learn ing about a l l the d i f fe rent top ics , bui ld ing

and invent ing . He a l so seemed to ga in conf idence and made new f r iends . As

a shy, anx ious ch i ld , i t rea l l y made me happy to see

h im become more conf ident and outgo ing .”

— Emi ly L . , F loyds Knobs , Ind iana

“My daughter had an amaz ing t ime! As a woman in a sc ient i f i c f ie ld , I rea l l y

want to encourage her cr i t ica l th inking sk i l l s and

conf idence i n the STEM areas , and Camp Invent ion

was per fec t fo r her. Wel l done!”

— Jenn i fe r J . , Gates Mi l l s , Oh io

“Af te r jus t one day o f Camp Invent ion , my son

was exci ted to learn , par t i c ipate and engage w i th

the o ther k ids a t tend ing . His conf idence i n c reat ing th ings inc reased every day, and h i s enthus iasm was o f f

the chart s .”

— Jodi M. , C inc innat i , Oh io

“My daughter i s s igni f icant ly more

interested in sc ience s ince she at tended Camp

Invent ion . She i s fasc inated by foss i l s and insec ts , and

she asked for a mic roscope fo r her e ighth b i r thday. Camp Invent ion he lped

in t roduce her to the fun of sc ient i f ic explorat ion .”

— A l legra M. , Ind ianapol i s , Ind iana

WE BEL IEVE TH AT ALL CHILDREN CAN INVENT, GAIN CONFIDENCE AND BUILD PERS ISTENCE.

CHILDREN REPRESENTING A WIDE VARIETY OF COMMUNIT IES , INTERESTS AND ABIL IT IES ACCESSED EXCEPTIONAL STEM

ENRICH MENT AT CAMP INVENTION.

WE INVESTED IN NEW

TO VAL IDATE OUR EDUCATION PROGRAMS

researchresearch

“ To c reate any th ing innov at i ve , you h a ve to do a lo t o f homework f i r s t .”

— n ihf inductee b . J ayant bal iga , inventor of the insulated gate b ipolar trans i stor

WE’VE PROVEN MEANINGFUL BENEFITS OF ATTENDING CAMP INVENTION.

RESEARCH HAS REVEALED:

Jus t one week at Camp Invent ion resu l t s i n s ign i f i cant short - te rm and long- term improvements in

c reat i v i t y, STEM in teres t , co l laborat ion and problem so lv ing .

SOURCE: J . Fa lk , Camp Invent ion Eva luat ion Report . Ins t i tu te fo r Learn ing Innovat ion (2018) .

RESEARCH HAS REVEALED:

Part i c ipat ing in Camp Invent ion dur ing the summer has inc reased s tudents ’ a t tendance , per formance and engagement

the fo l lowing school year.

SOURCE: Summit Educat ion In i t i a t i ve , Nat iona l Inventors Ha l l o f Fame Camp Invent ion Summer 2019 (December 2019) .

WE’VE ALSO MEASURED OUR SUCCESS AMONG EDUCATORS AND PARENTS.

CAMP INVENTION H AS EARNED A 96% PARENT AND TEACH ER SATISFACTION RATING.

WE OPTIMIZED

TO EFFECTIVELY REACH OUR AUDIENCES Communicationcommunication

“ The importa nt th i n g about invent ion i s to become pa ss ionate abou t what you do and s e l l , se l l , se l l i t .”

— n ihf inductee spencer s i lver, inventor of po st - i t® notes

WITH A WIDE ARRAY OF CONTENT,WE ENHANCED OUR PROMOTION

OF INNOVATION, ENTREPRENEURSHIP AND INTELLECTUAL PROPERTY KNOWLEDGE.

WE RELEASED 8 NEW WHITE PAPERS ON TRENDING INDUSTRY TOPICS .

WE PRODUCED MORE THAN 130 V IDEOS IN HOUSE, ONE OF WHICH ORGANICALLY REACH ED OVER 43,000 CUSTOMERS —

A NEW RECORD FOR NIHF!

WE GREW OUR TOTAL SOCIAL AUDIENCE TO OVER 99,000 CUSTOMERS.

WE PUBL ISHED 240 BLOGS WH ICH DROVE OVER 100,000 V IS ITORS TO INVENT.ORG.

THERE WERE OVER 2,000 NEWS STORIES PUBL ISHED NATIONWIDE ABOUT OUR EVENTS, INDUCTEES AND

STEM PROGRAMS.

WE REWARDED

AND PROVIDED GUIDANCE FOR EMERGING INNOVATORS

creative problem solving

creative problem solving

“ We’ re in a bus iness to add v a lue to soc ie ty. I n the process o f addi n g va lue , i f we ’ re s uccess fu l , we ’ l l be p rof i tab le .”

— n ihf inductee edmund o. schw e itzer i i i , inve ntor of the d ig i tal protect ive relay

WE HELD OUR 29TH COLLEGIATE INVENTORS COMPETIT ION®.

F INALIST S INCLUDED 23 STUDENTS FROM 11 COLLEGES AND UNIVERSIT IES NATIONWIDE.

THEY PRESENTED TH EIR WORK TO 11 N IHF INDUCTEE JUDGES AND MORE

THAN 2,000 C IC EXPO ATTENDEES.

5,952 VOTES WERE CAST FOR THE ARROW ELECTRONICS PEOPLE ’S CH OICE AWARD.

GRADUATE

UNDERGRADUATE

Infinite Cooling

PE-IVT (Positively Engaged, Infinitely Variable Transmission

Using Split Helical Gears)

Nanodropper

PeritoneX

GRADUATE

UNDERGRADUATE

AND THE WINNERS WERE...

FIRST-PLACE RUNNERS-UP

TO DATE, WITH THE H ELP OF OUR SPONSORS, WE HAVE AWARDED MORE THAN $1 MILLION

TO CIC WINNERS.

WE APPRECIATE YOUR CONTINUED

IN THE FUTURE OF AMERICAN INNOVATION

investmentinvestment

“Goo d ideas a re even bet te r ideas when they can improve people ’s l i ves and he lp the E arth .”

— n ihf in ductee ed i th fla n igen , inventor of molec u la r s i eves

EVERYONE AT NIH F IS GRATEFUL FOR THE GENEROUS SPONSORS AND DONORS WH OSE CONTRIBUTIONS ARE SHAPING A BR IGH TER, MORE INNOVATIVE TOMORROW.

NATIONAL INVENTORS HALL OF FAMEE N D O W M E N T

CHILDREN’S EDUCATION FUND

®

THE FOSSUM FAMILY

Annual FundAnonymousAmazonSmile FoundationIver and Nancy AndersonStanley Apple, C. P. A.Mrs. Agnes Bacon, In memory of Roger BaconDr. Jean BaileyDonald L. and Maryann Bitzer Family FundBenjamin Briggs, In honor of Su and Eric FossumMichael Cammarata, In memory of Joseph Michael CammarataMarvin H. and Fiona CaruthersFrank CepollinaJasemine C. ChambersRaj S. DavéJoanie Freeman Charitable Giving Fund, In memory of Ross H. FreemanArthur FryEdward W. Gray, Jr.Ted and Judy HoffStanley K. and Sally Lindsay HoneyIBM Matching GrantsChristine JayoJames D. KrausRay and Jennifer LeachJames E. MalackowkiWendy Merkert, In memory of Carma R. MerkertDrs. Morton M. and Tobia H. MowerRini PaivaShawn and Jacqueline QuinnSteve and Cindy SassonSEI IndustriesGary and Rona SterlingWilliam WalkerJon WoodJames J. Wynne

Collegiate Inventors CompetitionArrow ElectronicsMarc A. Burrell, M.D.HologicMerckWilson Sonsini Goodrich & Rosati, P.C.Thomas Wolf

National Inventors Hall of FameAnonymousAmerican Intellectual Property Law AssociationArch Venture PartnersAutomated Financial Systems, Inc.AvidDonald L. and Maryann Bitzer

The Bloom Foundation, In loving memory of Leonard I. Bloom, Esq.The Rob and Alyssa Briggs Fund of Akron Community FoundationLisle M. Buckingham Fund of Akron Community FoundationCatholic Charities Eastern WashingtonCorning, Inc.Eugene M. CummingsFinnegan, Henderson, Farabow, Garrett & Dunner, LLPEric R. and Su FossumHelen FreeFree EnterprisesGoogleIBMInternational Trademark AssociationThe Amos E. Joel Young Inventors EndowmentRuth and Donald KeckJames D. KrausMarconiMerckMicronNational InstrumentsNokia Bell LabsOcean TomoDr. and Mrs. Julio C. PalmazPhRMAPorzio, Bromberg & Newman P.C.Purdue University, College of EngineeringQualcommQuanterixRed Point DigitalRensselaer Polytechnic InstituteRice UniversitySchweitzer Engineering LaboratoriesGary and Patty SharpSportsmedia Technology CorporationSociety of Women EngineersRuss and Phyllis SliferStanley Black & DeckerThompson Coburn LLPUnlimited Ink, Inc.Dr. James WestThomas Wolf

Children’s Education Fund Endowment SponsorsThe Al and Helen Free FoundationThe Fossum Family FoundationAndrea and Stephanie Joel, establishing The Amos E. Joel Young Inventors Endowment

Camp Invention, Club Inventionand Invention Project

$250,000+AbbVie FoundationArmy Educational Outreach ProgramNordson Corporation Foundation

$100,000 - $249,000Camp Director Fundraising InitiativesBurton D. Morgan FoundationShurTech Brands, LLCUnited Way of Summit County

$50,000 - $99,999The Jochum-Moll Foundation

$30,000 - $49,999APS FoundationThe Boeing CompanyCamp Invention ParentsCommunity Foundation of Lorain CountyFord Motor Company H.B. Fuller Company FoundationGoogleMotorola Solutions Foundation

$20,000 - $29,999The Anschutz FoundationArcelorMittalDow Corning FoundationEQT FoundationThe Goodyear Tire & Rubber CompanyMicron FoundationOtterCares Foundation

$15,000-$19,999American Electric Power FoundationAmerican Intellectual Property Law AssociationThe Huntington-Akron FoundationOhio Lottery CommissionThe Montgomery FoundationThe Reinberger FoundationTE Connectivity

$10,000 - $14,999Bayer USA FoundationBloom Foundation, a Donor Advised Fund of The U.S. Charitable Gift Trust, In loving memory of Leonard I. Bloom, Esq.Boehringer Ingelheim Cares FoundationCommunity Foundation for Northern VirginiaThe George H. Deuble FoundationDuke Energy Foundation - Indiana

The Fossum Family FoundationHardenbergh FoundationHonda of America Mfg., Inc.Betty V. and John M. Jacobson FoundationMartha Holden Jennings FoundationGeorge and Frances LiglerThe Sisler McFawn FoundationJoseph & Harvey Meyerhoff Family Charitable FundsRhode Island FoundationSorenson Legacy FoundationVanderheiden Family FoundationThe Raymond John Wean FoundationWestern Digital FoundationWooster Hydrostatics, Inc.Wyoming Community Foundation

$5,000 - $9,999Alliant Energy Foundation, Inc.The Bohemian FoundationLisle M. Buckingham Fund of Akron Community FoundationThe Charro FoundationChautauqua Region Community FoundationCleveland Intellectual Property Law AssociationCloroxCommunity Foundation of Central WisconsinCuna Mutual FoundationThe Dow Chemical Company - Kentucky OperationsThe Dow Chemical Company - Michigan OperationsGeorge and Lissa ElliottGordon Elwood FoundationFirst National Bank of Fort SmithGenius Factory, LLCGlobal PartnersJoan Hartley Gross Memorial Fund of the Coshocton FoundationDavid and Barbara B. Hirschhorn FoundationHonda Manufacturing of Indiana, LLCMay Emma Hoyt FoundationThe Andrew Jergens FoundationThe Kennedy Family Fund, a component fund of the Community Foundation of the Mahoning ValleyKilleen Evening Lions ClubMarconiLuther T. McCauley Charitable TrustFrederick McDonald Trust, Bank of America, N.A., TrusteeLarry H. Miller CharitiesEdwin F. Mulligan Endowed FundNational Inventors Hall of Fame Children’s Education Endowment FundNorthrop Grumman Foundation

partners and sponsors

OK FoodsProPak CorporationRheem Manufacturing CompanyThe Blanche & Julian Robertson Family Foundation, Inc.Sandia National LaboratoriesSimpson Family Donor Advised Fund of the Coshocton FoundationToyota Motor Manufacturing, WVThe Troy FoundationWelty Family Foundation

$2,500 - $4,999Altice USA - Texas RegionAnonymousBarberton Community FoundationThe Belden Brick CompanyBlack River Pirate ParentsBlueprint4SummerSTLThe Henry V. and Frances W. Christenson FoundationThe Community Foundation Littler Youth FundCommunity Foundation of Whitley County, Inc.Cook Polymer TechnologyRaj S. DavéThe Dekko FoundationThe Harry K. and Emma R. Fox Charitable FoundationRichard E. Gasser Fund of the Upper Bucks Community FoundationGoogle FiberGPD Employees’ Foundation, Inc.William T. & May P. Hennessy FoundationHunt Family Fund, a fund of the Community Foundation of Howard County, Inc.John DeereFunds have been provided by Kansas Health Foundation Children’s Fund, administered by the McPherson County Community FoundationKay KochKosciusko County Community FoundationCharles E. Loehr Charitable TrustThe Lubrizol FoundationMacom Technology SolutionsMaryland Space Business RoundtableKatharine Matthies FoundationHerbert D. McAvoy Fund in the Idaho Community FoundationMiami County FoundationOceanFirst FoundationOkapilco Parent Teacher OrganizationOMNOVA SolutionsOMNOVA Solutions FoundationOxford Community FoundationPacifi c Power FoundationPatterson Thuente IPPilot Flying JSalem Five Charitable FoundationSalisbury-Rowan Community FoundationSchweitzer Engineering Laboratories, Inc.Scottsdale Unifi ed School District FoundationThe Shelby FoundationShoop Sports & Youth Foundation, Inc.The Summit FoundationVectren Foundation, Inc.VirtustreamVisions of EaglesWeldon, Williams & Lick, Inc.Xcel Energy

Charles B. Yerger Post 471 American Legion

$1,000 - $2,499Abraham Lincoln Elementary Parent Teacher OrganizationAltice USA - Arizona RegionAltice USA - MidSouth RegionColocation AmericaHazel AndersonIver and Nancy AndersonRita S. BeaverBetenbough HomesFamily of Charlie BledsoeShawn BogerBoston Scientifi c CorporationBrandon Community Foundation of the Sioux Falls Area Community FoundationBuchanan Investments 1, LLCBuckingham, Doolittle & Burroughs, LLPCHS McPherson Refi nery Inc.Stephen A. ComunaleConway Area Chamber of CommerceCornerstone Support Services LLCCoshocton Rotary ClubEastside School PTK, Cody, WYEducation Foundation of BloomingtonElizabeth H. and Stanley E. Evans Charitable FoundationExelon Dresden StationExelon Generation Company, LLCFayette Resale, Inc.Featherstone Development CorporationFedEx Custom CriticalThe Albert W. and Edith V. Flowers Charitable FoundationGeneracGreater Alliance FoundationHaul & Spread LLCHeuser & Heuser, LLPIEEE - Northern Virginia SectionKristina M. Johnson Kiwanis Club of OxfordKronos IncorporatedVictor and Penelope LawrenceLazy Q RanchLG&E and KU Foundation Inc.Lions Club of Antioch FoundationLive Haul Products, Inc.The Longmont Community FoundationLyondellBasellMarathon Petroleum CompanyMcWane DuctileMid-South Steam Boiler & Engineering Co., Inc.Mill Creek FoundationMishicot Parents GroupMishicot Youth WrestlingNashport Parent Teacher OrganizationNephron SC, Inc.Netfl ix, Inc.NextEra Energy Point Beach, LLCOptimist Club of Uptown Great FallsOptimist Club of VeronaPass It OnPierce Family Fund of the Coshocton FoundationThe Portage FoundationPublix Super Markets CharitiesQueen City Community Welfare

Richland County Youth and Family CouncilCharles E. & Mabel M. Ritchie Memorial FoundationRichard & Elizabeth A. RomanThe Romich Family Fund, a component fund of the Wayne County Community FoundationRotary Club of AntiochJennifer SilverStanzel Family Foundation, Inc.Sterling Math & Science FoundationSummerTime Kids Fund at Stark Community FoundationSummertime Kids at The Greater Cincinnati FoundationTCF FoundationTexas Women’s LeagueThermo Fisher Scientifi cTierra Antigua Elementary School Parent Teacher AssociationDavid Walt and Michele MayWe Energies FoundationWiley’s FinestRalph D. & Judy P. Wisenburg FundYamahaYoung Entrepreneur Institute at University School

$500 - $999Adduci, Mastriani & Schaumberg LLPAnonymousDr. Jean Bailey, In memory of Clyde E. Bailey, Sr. Robin BarrowBlessings Fund of the Coshocton FoundationGarrett Brown and Ellen ShireButler Rural Community ConnectionCoshocton Kiwanis Club FundDeer Valley ResortChristine DonovanEssential IndustriesFloSource Bruce and Rebecca Foldi, In memory of Derek Wankum, John Clark, Ray Foldi and Melissa FlynnVince GreczanikW. Paul Mills and Thora J. Mills Memorial FoundationSumita and Smarajit MitraMike OisterDrs. Klaus and Joel SchmiegelSchneider Electric Spencer SilverSomos Technology Rona and Gary SterlingChing TangJon Wood

$250 - $499James T. Connor Science Scholarship Fund CR Brewing Company Crane Room Grille Rachel FausnaughFehrenbach FamilyFirstEnergy FoundationG.E.M. Building Contractors & Developers, Inc.Hallettsville Independent School DistrictPatricia HolmesIBM Matching GrantsMarshall and Annie JonesKimberly KerrLoryn LichtyNew Englander Banquet Center

New Venture Research Corporation Deanne PaivaKrishnan ParameswaranDarren ParkerHannah PaulinArogyaswami and Nirmala PaulrajMaggie PetrushRJD Donation Fund, In memory of Stan OvshinskyDonald SedlockTalem IP Law LLPTime for Change Anti-Gang CoalitionPaula and Tim Tolin and family, In memory of Lawrence Rowan, UNC Physics ProfessorUS SafetyGearDr. James J. Wynne

$100 - $249Jacob AndersonAnonymous Anthem Foundation - Dollars for Doers programThe Souhail Bayachou Science AwardSara BlikeEmma B. ByingtonRhonda CampbellCastle Security, LLCCCS Board of EducationFrank CepollinaMary D. ChiltonKevin ColemanManus CooneyMaggie CrumWilliam M. DalbeyTom and Kelli DavisSteven DuganEdith FlanigenJennifer FlanneryEric K. FujiiAshley GiordanoGO2 AdvertisingStephen HamrockRebekka HanusLinda HinmonBarbara HintonMaureen JaphaChristine JayoMonica JonesAshley KellickerKimberly S. KileKnutson Family DentistryLindy Paving Britt MagnesonCharlotte S. MarekMedure Bonner Bellissimo, LLCMeeting Street MarketingCourtney and Carson MerkwanMid-Carolina Electric Cooperative Heather NestorAnnette PhillipsQuality Switch, Inc.Melanie ReedSaul RodriguezRSA Consulting Group, LLCAlaina RutledgeMariana Silva and Sam RussellJamie L. SlearHiroshi Yamamoto

IN 2019 , SUPPORT FROM OUR SPONSORS AND DONORS PROVIDED MORE THAN 62,000 UNDERSERVED CHILDREN

WITH AN IMMERSIVE STEM EXPERIENCE.

“ We were so b lessed to rece ive a part ia l scholarship fo r my

daughter. Camp taught her to be conf ident and

not scared to t ry new th ings . Whi le there , she learned so much . She

has such a c reat i ve mind and loved every minute

of i t . Thank you .”

— Courtney G. , Roswel l , New Mex ico

“ I t was so grat i f y ing to see how happy my grandsons

were every day ! My o ldes t has s t ruggled in soc ia l and

c lass room s i tuat ions . He en joyed Camp Invent ion w i thout s t ruggles , and i t

boosted h is se l f -esteem ! My younges t d i scovered an apt i tude for design he never knew he had. Fabulous program and

awesome teachers and s ta f f ! Thank you a l so for hav ing scholarships ava i lab le , o r they would not have been able to a t tend. Th i s camp

was t ru ly a g i f t in many ways for our l i t t le fami ly ! ”

— Janet M. , S tanwood, Wash ington

“My daughters were ta lk ing about what they

d id for weeks ! They s ta r ted us ing a round-

the-house i tems to create thei r own

projects . They looked fo rwa rd to i t every day ! Ex t remely thank fu l fo r

scholarship ava i lab i l i t y — w i thout i t , we would not

have been ab le to come.”

— Jen B . , Leav i t t sburg , Ohio

OUR SPONSORS AND DONORS MAKE THE NIHF MISSION A REALITY BY INVESTING IN THE NEXT

GENERATION OF INNOVATORS.

THERE ARE MANY WAYS TO JOIN US AND MAKE A DIFFERENCE:

• Become a program sponsor to support ch i ldren ’s access to STEM educat ion .

• Make a las t ing impact th rough planned giv ing opt ions or es tab l i sh a named endowment .

• Donate apprec iated shares o f stock and en joy tax p lann ing benef i t s .

• Cons ider giv ing onl ine , donat ing any amount in a fas t , easy and secure way.

Contac t us a t sponsor@invent .org o r v i s i t our webs i te to learn more!

Along wi th the cont r ibut ions o f our supporters ,we a re grate fu l fo r the leadersh ip and ins ight

o f our Board of Di rectors .

Thomas WolfCo-ChairmanChief Financial Offi cer,InstaKey Security Systems

Jon WoodCo-ChairmanPartner of Counsel, Dinsmore & Shohl

James KrausAssistant SecretaryPartner, Buckingham, Doolittle & Burroughs, LLC

Gary SterlingVice ChairmanRetail Consultant, Dick’s Sporting Goods (retired)

Edward W. Gray, Jr.NIHF Selection Board AmbassadorPartner, Thompson Coburn LLP

Robert W. BriggsChairman EmeritusPartner, Buckingham, Doolittle & Burroughs, LLC

2019 Board of Directors

Stanley L. Apple, CPAAssistant TreasurerPrincipal, Apple Growth Partners

Jean Bailey, Ph.D.Graduate Professor and Director,Center for Drug Abuse Research,Howard University

2019 Board of Directors cont.

Michael J. OisterPresidentChief Executive Offi cer, National Inventors Hall of Fame, Inc.

Raj S. DavéPresident and Founder, Davé Law Group

Jasemine Chambers, Ph.D.NIHF Canada Board AmbassadorOf Counsel, Wilson Sonsini Goodrich & Rosati P.C. (retired)

Monica JonesVice President Chief Operating Offi cer, National Inventors Hall of Fame, Inc.

Ray LeachChief Executive Offi cer, JumpStart, Inc.

Rhonda L. Campbell Treasurer Chief Financial Offi cer, National Inventors Hall of Fame, Inc.

Hannah PaulinSecretaryChief Strategic Offi cer, National Inventors Hall of Fame, Inc.

Steven SassonProduct Development Manager, Eastman Kodak (retired)2011 National Inventors Hall of Fame Inductee – Digital Camera

James E. MalackowskiPresident & Chief Executive Offi cer, Ocean Tomo

Deta i l s beh ind a l l our work can be found in our 2019 f inanc ia l report .

Statement of Financial Position 2019 2018

Assets

Cash & Cash Equivalents $4,050 $6,256

Accounts Receivable 381 214

Grants Receivable 832 1,057

PreK-12 Education Program Supplies 3,600 2,394

Investments - Market Value Endowment Other Other - Trust

6,4118,2111,311

5,3897,047

841

Other Assets 528 701

Buildings, Exhibits, Collections, Software & Equipment - Net 8,183 5,541

Total Assets $33,326 $29,440

Liabilities and Net Assets

Accounts Payable & Accrued Expenses $1,768 $2,128

Deferred Revenue 616 426

Other Liabilities 1,169 843

Total Liabilities $3,553 $3,398

Net Assets $29,774 $26,042

Total Liabilities and Net Assets $33,326 $29,440

Statement of Activities 2019 2018

Revenue

Pre K-12 Programming $26,255 $25,284

Government, Foundation, & Corporate Sponsorships

7,035 7,031

Store 140 92

Other Revenue 155 97

Total Revenue $33,585 $32,504

Expenses

Programs: Education Recognition Museum and Exhibits

$23,9111,6781,419

$22,2151,8851,427

Supporting Activities:

Management & General Fundraising

4,066725

3,861679

Total Expenses Related to Program & Supporting Activities $31,799 $30,067

Net from Operations $1,786 $2,437

Realized & Unrealized Investment Income 2,265 (603)

Other Non-Operational Expense (319)

Change in Net Assets 3,731 1,834

Net Assets, Beginning of Year $26,042 $24,208

Net Assets, End of Year $29,773 $26,042

Financial Statement (in thousands)

2019 Assets

Investments (47%)

Cash & Equivalents (12%)

Other (5%)

Fixed Assets (25%)

Inventories (11%)

2019 Revenues

PreK-12 Programming (78%)

Other (1%)

Government,Foundation & Corporate Sponsorships (21%)

Programming (85%)

General & Administrative

(13%)

Fundraising (2%)

2019 Expenses

To a l l who support N IHF, th rough your dedicat ion , insp i rat ion and g i f t s ,

fo r a mean ingfu l year and a promis ing fu ture .

thank youthank youYour impact has never been more apprec iated .

Find more opportun i t ies to get invo lved at invent .org .