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2015 Annual Report

The United States Patent and Trademark Office CIC is the only competition in the country where Letter from the CEO (USPTO) is a founding partner of NIHF and student finalists are judged by a panel of NIHF In 2015, we continued to implement our vision to be the Hall What distinguishes our organization from all others is our Invent Now Mission continues to support our programs and national Inductees and USPTO officials for feedback, of Fame that pays it forward by spreading our mission to core, the National Inventors Hall of Fame, and our relationship outreach to inspire innovation in America. brainstorming, and encouragement on advancing inspire innovation in America. Big talk backed up by decisive with the United States Patent and Trademark Office (USPTO), their innovation and intellectual property protection. action last year: 123,000 K-12 students, led by 8,000 of our a founding partner. The USPTO, the ultimate purveyor of We inspire innovation Through decades of collaboration, the USPTO’s nation’s best teachers from 1,500 outstanding school districts, intellectual property, is home to the National Inventors Hall of investment has propelled Camp Invention, Club Finally, the National Inventors Hall of Fame museum were immersed in our programming from Camp Invention and Fame Museum, which is worth a trip to Alexandria, VA, just in America. Invention, and Invention Project to be the largest is located on the USPTO headquarters campus Club Invention (pages 3-6) to Invention Project (pages 7-8) outside Washington, DC. The featured, permanent exhibit is the K-12 nonprofit programs encouraging the inventive in Alexandria, Virginia, serving as our country’s ® to our intellectual property and leadership training for high National Monument of Innovation®, our Wall of Icons that pays The mission of Invent Now is to be a catalyst for positive change spirit and imaginations of children nationwide. These National Monument to Innovation . The NIHF schoolers. Over 34,000 of these beneficiaries were underserved tribute to Inductees of the National Inventors Hall of Fame. through recognizing inventors and invention, promoting creativity, programs are uniquely inspired by stories of our Gallery of Icons and exhibits share the inspiration students who were provided scholarship assistance thanks The 2015 Induction Ceremony held at the Smithsonian American and advancing the spirit of innovation and entrepreneurship. NIHF Inductees, the foremost invention experts in of men and women who have significantly impacted to the generosity of our sponsors, proactive investors in the Art Museum and National Portrait Gallery in Washington, DC the world, and backed by the USPTO. our world. The first National Inventors Hall of future of innovation (page 6, 19, and 20). Our sponsor partners was without a doubt the best ever, honoring the inspirations, Invent Now was founded in 1973 as the National Inventors Hall Fame Induction Ceremony was held at the USPTO Recognizing the innovative research in American understand invention and creativity are level playing fields desperations, and breakthroughs of 14 new Inductees who are of Fame (NIHF), now a supporting organization, with the mission in 1973, and 43 years later we proudly continue colleges and universities, the USPTO also supports and all children have the innate ability to creatively solve now helping us inspire future generations. of recognizing and honoring the great inventors of our time. our partnership to recognize the world’s greatest our Collegiate Inventors Competition (CIC). Together, problems and invent solutions. The Collegiate Inventors Since then, we have impacted more than two million children, innovators and inspire future generations through we encourage invention, entrepreneurship, and Competition (pages 9-12), held at the United States Patent We’re rolling into 2016 with a clear vision for delivering our teachers, college students, entrepreneurs, and aspiring inventors, the world’s greatest inventors. creativity in undergraduate and graduate students and Trademark Office, gives our K-12 students from across the mission and continuing to pay it forward. We’re providing and recognized the men and women whose inventions have who are working on cutting-edge inventions. country something to ambitiously strive for. Collegians from programming that empowers children of all ages to recognize revolutionized our world. Michael J. Oister 112 of the country’s best colleges and universities registered and harness their innate ability to innovate and solve problems Chief Executive Officer their inventions, and the contest culminated last November using science, technology, engineering, and math. We’re providing with six teams medaling (pages 9-10). All finalists benefitted children content rich with examples and stories from truly from interaction with and advice from the world’s greatest innovative role models, men and women who have succeeded, inventors and a wide range of innovation and intellectual against all odds, to save millions of lives, create industries, enable property experts. worldwide connectivity, and serve as the purveyors of our quality 516 Inductees to the National Inventors Hall of Fame Nearly 2,100 philanthropic partners of life: the Inductees of the National Inventors Hall of Fame. 2015 By the Numbers

5,427 Camp Invention volunteers Over 34,000 underserved children impacted

Impacted over 122,000 children and 4,652,701 Website Visitors 14,500 educators through education outreach 5,010 Twitter followers Leaders in STEM programming for the 26th year Over media impressions Michael J. Oister Impacted over 10,000 middle and high school youth as Camp 6 Billion ™ ™ Chief Executive Officer Invention Leadership Interns and Counselors-in-Training Over 1,200 school partners in 49 states Over 260 tons of materials shipped Impacted over 2,800 Collegiate Inventors Competition participants 43,422 Facebook fans for education outreach programs

1 | 2015 ANNUAL REPORT 2 | 2015 ANNUAL REPORT Where big ideas become the next BIG thing.™ Camp Invention

Camp Invention, the cornerstone of our K-12 that help people live better, construct strong educational programs, gives children in grades one mega-towers, and launch rockets to space. through six the opportunity to prototype, create, It also impacted nearly 1,400 schools and served and explore new innovations. Camp Invention more than 94,000 1st - 6th graders nationwide. summer and Club Invention after-school programs The goals for 2016 are even higher, and with new nurture a child’s curiosity into big ideas through curriculum that features over 50 inventors from immersive curricula that encourage creativity and the National Inventors Hall of Fame posing video innovation. With new programming each and every challenges and elevating children’s knowledge year, boys and girls new to camp or returning to of STEM and inventing, we are confident they will camp are guaranteed to have a unique and exciting be achieved. experience. Our 2015 program enabled children to explore engineering by building vehicles from Visit http://campinvention.org/2016-program/ skateboards and sleds, discover medical inventions to experience the 2016 curriculum in action.

3 | 2015 ANNUAL REPORT 4 | 2015 ANNUAL REPORT An Industry Leader

Through a major third party evaluation project and various surveys, we have discovered that Learning Outcomes are on the forefront of parent’s minds when it comes to their children’s education. This is great news. Our programs are statistically shown to increase creative fluency and flexibility, originality, “The Army Educational Outreach Program or and the ability to elaborate - all of which have been AEOP is extremely pleased with the partnership shown to increase academic achievement. it has established with Invent Now in support of Net Promoter Score (NPS) measures the relative Camp Invention and in providing opportunities to amount of customers who are promoters of a brand underserved students. The Army through AEOP or company, versus customers who are detractors. provides K-12 students and college students By knowing this score, companies can understand to what degree their products and/or services are STEM continuum of opportunities in the form of achieving customer satisfaction. The standard NPS question is: “How likely is it that you would recommend competitions, summer enrichment activities and our company/product/service to a friend or colleague?” Camp Invention’s Alumni NPS of 67% is a leader research apprenticeships. One of the first steps in in the education industry’s NPS average of 63%. Here’s what some of our parents are saying about us: AEOP’s continuum is Camp Invention.”

Steve Sasson, NIHF Inductee, at Camp Invention Louie R. Lopez “The change in his attitude towards learning was remarkable. Absolutely sending him again.” AEOP Cooperative Agreement Manager, Inductees who went “It pushed her to accomplish things she didn’t know she could.” U.S. Army Research Development and Engineering Command to Camp Summer 2015 “He cried when we left on the last day, he didn’t want it to end. The camp took a love of science and gave it wings!” George Alcorn Kumar Patel X-Ray Spectrometer Carbon Dioxide Laser

Richard DiMarchi Steve Sasson Insulin LisPro (Humalog®) Digital Camera Bridging the Gap/Title I In Partnership with Federico Faggin Gary Sharp We are pleased to report that our Camp Invention and Invention Project programs are building a strong Microprocessor Polarization-Control Technology and positive reputation among the country’s Migrant Education community. This quote from one of our customers sums it up nicely: Leonard Flom Spencer Silver Post-it® Notes Iris Recognition Systems “Camp Invention was a huge hit this summer for the Migrant Education Program. Palm Beach County School District customized the STEM based curriculum to add a 2 hour block of reading, math and computer lab Eric R. Fossum Andrew Viterbi time into a multiple week program. I have never seen a program so engaging for students and staff. Students CDMA Technology CMOS Active Pixel Image wanted to come to camp and teachers are already asking if they can work next year! It was the best project Sensor Camera-on-a-Chip based program I have used. I highly recommend others to start now in preparing for the summer by viewing Jim West the videos online and calling Invent Now to see how they can work with your program.” Art Fry Electret Microphone Post-it® Notes Celia Elrod Assistant Director Kristina Johnson Federal and State Programs Polarization-Control Technology Palm Beach County School District

5 | 2015 ANNUAL REPORT 6 | 2015 ANNUAL REPORT THINK Invention Project

In 2015, after months of pilot testing, we released innovation and the science and art behind moving Invention Project II, a new program for students in sculpture; take a crash course in leadership; and try 6th through 8th grade. Invention Project picks up out various business roles such as Designer, Sales where Camp Invention leaves off and takes learning Manager, and Engineer. By the end of the week, to the next level. Participants in the program, Innovators walk away with a greater understanding referred to as Innovators, make connections between of Intellectual Property, obtaining patents, branding BIG innovation, design, invention, intellectual property, a unique new product, and they experience it all and entrepreneurship. Innovators work together through the lens of science, technology, engineering, in small groups throughout the week overcoming and math. challenges that range from STEM concepts to starting a business and inventing what could be the Creativity, exploration, and self-expression next big thing. Throughout the program, Innovators are the driving forces behind Invention Project BE BOLD create the ultimate transportation device inspired and you can learn more by visiting our website by a direct challenge from National Inventors Hall www.inventionproject.org. AND NEVER GIVE UP of Fame Inductee, Garrett Brown; explore adaptive

7 | 2015 ANNUAL REPORT 8 | 2015 ANNUAL REPORT INVENT. COMPETE. ACHIEVE.®

Collegiate Inventors Competition

The Collegiate Inventors Competition (CIC) is The Competition connects the inventive spirit and the nation’s foremost competition encouraging entrepreneurship – encouraging students to see the innovation, entrepreneurship, and creativity value of their ideas to our society and continue to in students who are working on cutting-edge develop their inventions, patent their work, seek inventions at their colleges and universities. investors, start businesses, and contribute to new CIC is the only competition that provides graduate economies. and undergraduate students exclusive access to the world’s foremost invention experts - NIHF In 2015, the Collegiate Inventors Competition Inductees, USPTO officials, and scientific experts Expo allowed finalists to interact directly with - for feedback on optimizing the potential of their USPTO patent examiners and employees, National inventions. Since 1990, over $1 million has been Inventors Hall of Fame Inductees, corporate awarded to 165 of the country’s most innovative sponsors, and members of the intellectual property collegiate students. community. Over 2,000 visitors attended the Expo to interact with the finalists.

9 | 2015 ANNUAL REPORT 2015 CIC Winners 10 | 2015 ANNUAL REPORT 2015 Collegiate Inventors Competition Winners

GOLD MEDALISTS SILVER MEDALISTS BRONZE MEDALISTS

David Kolesky Stafford Sheehan Sangyoon Han, Tae Joon Seok Havard University - Graduate Yale University - Graduate University of California, Berkeley - Graduate 3D Bioprinting Vascularized Human Tissue Corrosion-Resistant Molecular Coatings SWAPS (Silicon Waveguide Array Photonic Switch) A 3D printer has been used to build human tissue and the Iridium is the most corrosion-resistant metal and one of the While we might be saving trees because the need to print blood vessels to keep it alive for the first time. This method rarest elements on Earth, making it impractical for use on photos and documents has declined, “the cloud” is growing could create skin to be used in grafts, allow for in vitro drug a large scale. This process creates an ultra-thin layer of an fast and storing and accessing files or websites does consume testing before clinical trials and generate different types of iridium-containing molecule that can be bonded onto other energy. The SWAPS, a thumb-sized gadget, allows for full use tumors to study their growth and reactions to treatments. metals and metal oxides. Oil, gas and chemical industries of a data center’s bandwidth capacity by actively re-arranging The possibilities are endless and game-changing. will benefit from this more cost-efficient technology, where the network pattern of “the cloud.” Al Langer, Gary Sharp, and Eric R. Fossum, NIHF Inductees and 2015 CIC Judges Adam Ewel, Kevin Eisenfrats, Catherine Henry, and Nicolas Hogan, 2015 CIC Undergraduate Finalists stopping corrosion is crucial for safe operations.

Inductee Judges Joseph Barnett, Stephen John Neil Davey Katherine Jin, Jason Kang, Kevin Tyan Western Michigan University - Undergraduate Federico Faggin Kumar Patel “Attending Camp Invention when I was younger taught me about the invention Havard University - Undergraduate Columbia University - Undergraduate Microprocessor Carbon Dioxide Laser process and what it’s like when you see somebody take an unbelievable idea out NeoVent: Dual Pressure Respiratory Equipment Early Cancer Diagnosis by the Detection of Circulating The NeoVent is an adaptor that transforms a low-tech infant Highlight: Powdered Additive for Disinfectants of their head – seemingly out of thin air – and all of a sudden you’re holding a Tumor Cells using Drop-based Microfluidics It is standard healthcare practice to use bleach sprays for respiratory device into one that provides the additional Eric R. Fossum Steve Sasson product. That was so fascinating to me. Early and accurate diagnoses of cancer can positively affect disinfecting surfaces. However, bleach sprays have several benefits of a ventilator at much less expense. It temporarily CMOS Active Pixel Image Digital Camera survival rates. The best method now is: first, knowing that a flaws that allow for transmission of disease. Highlight is traps the exhaust bubbles of the original device to produce Sensor Camera-on-a-Chip tumor exists, and second, having it biopsied, which is invasive a powdered additive that is mixed into disinfectants at It’s beautiful to go out and talk to people that you’re trying to help and see how the alternating levels of airway pressure recommended and often dangerous. Neil Davey has plans to change that. point-of-use and improves the process of decontamination by Gary Sharp they actually want your invention to work. We started to come across other for the newborns who need the most help breathing. Polarization-Control Technology He has devised a technology that can detect and isolate tumor visualizing coverage of sprayed surfaces, preventing beading Marcian (Ted) Hoff The invention could help hundreds of thousands in Microprocessor applications of our invention and we saw our invention could actually help a cells that circulate in the body using a simple blood sample. and dripping and slowing evaporation. All are critical factors poverty-stricken areas. Spencer Silver lot of people we hadn’t intended. That requires a lot of refining our idea, going for maximizing the effectiveness of disinfectants, making for a safer environment. Don Keck Post-it® Notes out again and talking to people again, and then bringing it back to the team, Optical Fiber working on it again – a continual cycle until you get to what our invention is Jim West today: a product that’s just about ready to go out and be sold to anyone who Al Langer Electret Microphone Implantable Defibrillator needs it.” - Nicolas Hogan, 2015 CIC Finalist United States AbbVie Judges Patent and Trademark David Chang-Yen Office Judges Presenting Sponsors Jeffrey Pan Elizabeth Dougherty

George Elliott

CIC Interviews CIC Expo CIC Awards Ceremony

11 | 2015 ANNUAL REPORT 12 | 2015 ANNUAL REPORT ®

HONOR. INSPIRE. CHALLENGE.®

13 | 2015 ANNUAL REPORT Mo Rocca, Master of Ceremonies, 2015 NIHF Induction 14 | 2015 ANNUAL REPORT Induction ® Class of 2015 Inductees

The National Inventors Hall of Fame marked its The Induction Ceremony took place on May 12th 43rd annual Induction with a three-day celebration at the Smithsonian American Art Museum and the to honor 14 new Inductees for 2015. The life- National Portrait Gallery. Master of Ceremonies changing achievements as well as the perseverance Mo Rocca, CBS Sunday Morning correspondent and and drive of the inventors served as inspiration Host of The Henry Ford’s Innovation Nation, led the throughout the Washington, DC area events. gala that honored each Inductee and shared their stories. The new class was praised by a number On May 11th, the new Inductees participated in the of participants, including Megan Smith, Chief annual Illumination Ceremony, placing their names Technology Officer for the United States. in the patented Gallery of Icons at the National Inventors Hall of Fame, symbolically joining their The celebration continued on May 13th with George Alcorn John Burke Mary-Dell Chilton Edith Clarke X-Ray Spectrometer Regenerated Skin Transgenic Plant Graphical Calculator fellow innovators for their efforts in contributing to Innovation Echo: Tomorrow’s Brightest Days, our nation’s welfare. a panel discussion on America’s path to innovation, featuring Mo Rocca as moderator, NIHF Inductees, and the United States Patent and Trademark Office among others.

Presenting Sponsor

Museum Marion Donovan Charles Drew Jaap Haartsen Thomas Jennings Kristina M. Johnson Waterproof Diaper Cover Surgical Needle Bluetooth® Wireless Dry Scouring Polarization-Control Technology Technology Coinciding with the May Induction events, the National Inventors Hall of Fame Museum unveiled a new exhibit featuring the 2014 Inductees, with artifacts including the first-generation 3D printer invented by Chuck Hull, the waffle maker used by Bill Bowerman to create his athletic shoe, and the water purification system invented by Ashok Gadgil for use in developing countries.

Other exhibits that debuted during 2015 included a Women’s History exhibit in March featuring women Inductees from the Hall of Fame. In addition, an exhibit featuring Inductee veterans of World War II debuted in November, providing an opportunity to understand how the individuals who changed the way we live our lives also served as patriots who defended our country and Paul B. MacCready Shuji Nakamura Stanford R. Ovshinsky Gary D. Sharp Ioannis Yannas protected our freedoms. Gossamer Condor Blue LED Nickel-Metal Hydride Polarization-Control Regenerated Skin 2015 NIHF Induction Ceremony Battery Technology

15 | 2015 ANNUAL REPORT 16 | 2015 ANNUAL REPORT Steve Sasson, NIHF Inductee Al Langer, NIHF Inductee

NIHF STEM Schools

In collaboration with Akron Public Schools, the Dr. Alois Langer, co-inventor of the implantable National Inventors Hall of Fame STEM Middle defibrillator, took time to visit with schools. Langer School and High School are outstanding examples began the day with an interview at Akron radio of the successful implementation of problem-based station, followed by an interview with the high learning. As part of the students’ curriculum and school’s news staff, then spoke with and fielded with support from the John S. and James L. Knight questions from several classes there. At the middle Foundation, Inductees visit the schools and engage school, he presented to 7th grade students in a with students on problem-based learning. session that was again broadcast to the school at large. Langer spoke on the importance of creativity, Digital camera inventor Steve Sasson visited the learning from failure, and the satisfaction that NIHF Middle School where he spoke with 8th came from developing the electronics needed to grade engineering students in a presentation that successfully run the implantable defibrillator. was broadcast throughout the school. He then worked with and gave advice to students at the NIHF High School who were in the midst of a product design project. Sasson’s visit culminated with one-on-one conversations with the high school teachers on successful techniques and approaches to encouraging STEM learning.

Presenting Sponsor

17 | 2015 ANNUAL REPORT 18 | 2015 ANNUAL REPORT Cleveland Intellectual Property Huffman ISD Board of Trustees PNC Charitable Trusts Law Association Hyde Park Partners Pratt & Whitney Partners and Sponsors The George W. Codrington IEEE – Northern Virginia Section ProPak Corporation Charitable Foundation Institution for Savings Richfield Lions Club Ways to Give Community Foundation Charitable Foundation Inc. Charles E. & Mabel M. Ritchie In Partnership with for Southeast Michigan Intermec Foundation Memorial Foundation Each year, gifts from philanthropic partners help Invent The Community Foundation of Lorain County Invent Now Endowment Riverside Kennels Inc. Now impact more than 300,000 children, teachers, college Community Foundation Children’s Education Fund Runzheimer International LTD students, entrepreneurs, and aspiring inventors. of North Central Washington Betty V. and John M. Jacobson Foundation Saginaw Community Foundation Annual Fund Induction National Academy of Inventors Camp Invention, Club Invention, Community Foundation of Northeast Iowa Martha Holden Jennings Foundation Sandia National Laboratories There are many ways to support Invent Now’s mission Benjamin Ovshinsky Community Foundation The Jochum-Moll Foundation / Lockheed Corporation Fred Allen and Invention Project and programs. Please join us in promoting creativity and 3D Systems Dale Ovshinsky of the Mahoning Valley The Amos E. Joel Scottsdale Unified School District Foundation Stanley Apple innovation in America. Accenture Harvey Ovshinsky The M. Conley Company Young Inventors Endowment Sam Sicard Jean Bailey Sponsor The AES Corporation Noah Ovshinsky Coshocton Foundation John Deere-Iowa Raymond Sidney Craig Brenner American Intellectual Property Law Association James Pooley United States Patent and Trademark Office Crestview Elementary Schools – PTO Johns Manville Spencer Silver Rob Briggs and Alyssa Lenhoff Clyde E. Bailey, Sr. Memorial Fund Paul E. Sluby, Sr. Cuna Mutual Foundation Killeen Evening Lions Club Simpson Family Foundation Jasemine Chambers Endowment Stocks and Dr. Jean Bailey Charles Edison Smith Dart Foundation Kiva Elementary PTO Sky Lakes Medical Center Mary-Dell Chilton Regional Sponsors C. Donald Bateman Wayne Sobon The George H. Deuble Foundation Wallace Lacy Lloyd L. and Louise K. Smith Endowments can be The tax planning benefits Raj S. Davé Boston Scientific SORAA Abraham Lincoln Elementary PTSO Digital Federal Credit Union Foundation: Dorothy Lemelson Trust Memorial Foundation established to support of donating appreciated Robert Dennard Bridgestone Americas, Inc. SORAA Laser American Electric Power DCU for Kids Charles Loehr Charitable Trust Spectroscopy Society of Pittsburgh Christine Donovan the area where you have shares of stock include Agnes Burke Syngenta Corporation American Intellectual Property Law Association The Doti Family The Lubrizol Foundation Mr. and Mrs. Gary Sterling Edith Flanigen the greatest interest or deducting the amount of Hattie Carwell Unlimited Ink, Inc. Anonymous The Dow Chemical Company Lyle Signs Inc. SummerTime Kids, an initiative Eric R. Fossum, Ph.D. our area of greatest need. the charitable donation Cisco Systems, Inc. Washington University in St. Louis The Anschutz Foundation Dow Corning Foundation Marathon Petroleum Company LP of Stark Community Foundation Edward W. Gray and Sherri Blount Gray Lloyd Conover Wilson Sonsini Goodrich & Rosati, P.C. Ariel Foundation Duke Energy Maryland Space Business Roundtable Tesoro Martinez Refinery Endowments offer Invent and avoiding the unrealized Donald Halbert Eric Wingard Corning, Inc. Army Educational Outreach Program East Farms Elementary PTA Katharine Matthies Foundation Texas Women’s League Now stability and are a gains on the appreciated Donna Heath Edward Cornwell Thomas Wolf Arvest Bank Edwards Lifesciences Foundation McDonald’s of Ottawa and Utica (IL) Therma-Tron-X, Inc. Judith and Marcian Hoff resource for new programs shares. Cube Hydro Partners, LLC Jon Wood Clifford Auten, DDS Elizabeth H. and Stanley E. Evans R.J. McElroy Trust Tierra Antigua Elementary School PTA IBM T.J. Watson Research Center and innovations in the Raj S. Davé Baldor Electric Company Charitable Foundation The Sisler McFawn Foundation TimkenSteel Charitable Foundation James Kraus Robin Dibner Ballantine Family Fund ExxonMobil Chemical Company MicroAutomation Inc. Tohickon Glass & Tile future. Matching Gifts Ray and Jennifer Leach Christine Donovan Barberton Community Foundation Fairmount Santrol Micron Technology Foundation, Inc. Ulti Med Inc. James Malackowski Children’s Education Many employers match Sharon Donovan Dodd Edward E. Bartlett and Helen Turner Fascinations Inc. Ken Miller Supply, Inc. US SafetyGear, Inc. Robert Reffner Fund Endowment Sponsors Program Sponsor charitable contributions. Dunner Law PPLC Bartlett Foundation First National Bank of Fort Smith W. Paul Mills and Thora J. Mills George Vanderheiden Steve Sasson Charles Dzuba Alpha Medical Resources, Inc. Mekki Bayachou FirstMerit Foundation Memorial Foundation Visions of Eagles Your generosity in any You can increase the size Drs. Klaus and Joel Schmiegel The Farrington Group The Al and Helen Free Foundation The Belden Brick Company The Albert W. and Edith V. Flowers The Laura R. & Lucian Q. Moffitt Foundation Lisa Waldhauer Educational Fund – amount will make an and impact of your gift by Gary Sharp Finnegan, Henderson, Farabow, Susan Hoffman Donald L. and Maryann Bitzer Family Charitable Foundation Monarch Community Outreach McPherson County Community Foundation Spencer Silver impact. You may designate completing your company’s Garrett, & Dunner, LLP Andrea and Stephanie Joel, establishing Fund of Triangle Community Foundation Rebecca Foldi Frederick Moore Wayne County Community Foundation Wayne Sobon your gift to any of our matching gift form found Fitch, Even, Tabin, and Flannery LLP The Amos E. Joel Young Inventors Endowment Bobcat of Knoxville Ford Motor Company The Burton D. Morgan Foundation We Energies Foundation Dr. Stephen L. Squires Thomas Fogarty Winery & Vineyard David Mayer Employee Community Fund of Boeing - Arizona Ford Motor Company Fund Morgan Family Foundation The Raymond John Wean Foundation programs or the area of online or with your human Mr. and Mrs. Gary Sterling General Electric Dr. Irwin Lachman Employee Community Fund of Boeing - St. Louis The Char and Chuck Fowler The Morrison & Foerster Foundation Weldon, Williams & Lick, Inc. greatest need. resources department. Robert B. White, Jr. Greenblum & Bernstein, P.L.C. Drs. Klaus and Joel Schmiegel Glenn R. and Alice V. Boggess Memorial Foundation Family Foundation Motorola Solutions Foundation Welty Family Foundation Thomas Wolf Donald Halbert Boston School The Harry K. and Emma R. Fox National Cooperative Refinery Association Western Arkansas Planning Jon Wood Planned Giving Giving Online Howard University – Advance-it Boston Scientific Foundation Charitable Foundation NAVAIR - Lakehurst & Development District, Inc. James Wynne IBM Boyle Fredrickson SC Fredonia Elementary PTA Nissan North America Inc. Western Digital Foundation Planned gifts, whether Giving online is fast, easy, National Inventors Hall of Fame The Al and Helen Free Foundation Noramco Westinghouse Intellectual Ventures Brandon Area Community Foundation through estate plans or life and secure. Please visit STEM Schools Sponsors Bridgestone Americas Trust Fund Laura B. Frick Charitable Trust The Nord Family Foundation Wooster Hydrostatics Inc. Joichi Ito income gifts, leave a lasting www.inventnow.org for Collegiate Inventors Competition The Amos E. Joel Young Inventors Endowment John S. and James L. Knight Foundation Buckeye Oil Producing Company H.B. Fuller Company Foundation Nordson Corporation Foundation Wyoming Community Foundation Buckingham, Doolittle & Burroughs, LLC GAR Foundation Northampton Area Konkrete Kids Xcel Energy legacy. You can designate more information. AbbVie Foundation Ruth and Don Keck Camp Invention Parent Donations G.E.M. Building Contractors Educational Foundation Charles B. Yerger American Legion Post 471 Invent Now as a beneficiary American Intellectual Property Law Association James Kraus C&C Complete Flooring Enterprises, Inc. and Developers Inc. Northrop Grumman - TX Zero Mountain, Inc. Arrow Electronics, Inc. William L. LaFuze of a will, trust, retirement Cargill Cares Council General Motors Foundation The Ohio Lottery Banner & Witcoff, Ltd. Leydig, Voit & Mayer, Ltd. plan, life insurance policy, Cenergy LLC Google OK Foods Bridgestone Americas, Inc. James Malackowski CFC Properties GPD Group Employees’ Foundation, Inc. OMNOVA Solutions Foundation bank account, stock DuPont The Marconi Society CH2M HILL Foundation Greater Alliance Foundation OtterCares Foundation holding, or charitable lead SKILD Richard Maulsby Micron Technology Foundation, Inc. The Charro Foundation Hendricks County Community Foundation PAD Parent Club trust. Minerals Technologies Inc. The Henry V. and Frances W. William T. & May P. Hennessy Foundation Patterson Thuente Pedersen PA Natasha Murphy Christenson Foundation Honda of America Mfg., Inc. Pentair Foundation

19 | 2015 ANNUAL REPORT 20 | 2015 ANNUAL REPORT Board of Directors Financial Statement (in thousands)

Statement of Financial Position 2015 2014 Statement of Activities 2015 2014 Invent Now, Inc. Jean Bailey, Ph.D. National Inventors Hall of Fame, Inc. Graduate Professor and Director, Assets Revenue Board of Directors Center for Drug Abuse Research, Board of Directors Cash and Cash Equivalents $ 7,240 $ 5,945 K-12 Education Programs $17,921 $15,438 Thomas Wolf Howard University Accounts Receivable 88 48 Government, Foundation, & Corporate Grants 5,927 4,935 Chairman Jasemine C. Chambers, Ph.D. James Pooley Chief Financial Officer Of Counsel, Wilson Sonsini Goodrich & Rosati Chairman Grants Receivable 348 206 Stores 71 78 Attorney, James Pooley, A Professional Law Corporation InstaKey Security Systems Inventories 919 1,235 Realized & Unrealized Gains (Losses) (138) 119 Raj S. Davé Investments - Market Value Other Revenue Jon Wood Partner, Pillsbury Winthrop Shaw Pittman LLP Frederick E. Allen 189 132 Vice Chairman Vice Chairman Endowment 4,556 4,651 Executive Director of Innovation, Edward W. Gray, Jr. Editor, Forbes, Inc. Total Revenue Operating 593 634 $23,970 $20,702 Bridgestone Americas, Inc. Partner, Fitch, Even, Tabin & Flannery LLP Edward W. Gray, Jr. Board 2,378 2,423 Ambassador, Invent Now, Inc. BOD Michael J. Oister* Ray Leach Other Assets 264 254 Expenses President Chief Executive Officer, JumpStart, Inc. Partner, Fitch, Even, Tabin & Flannery LLP Buildings, Exhibits, Collections, Chief Executive Officer, Invent Now, Inc. Outside Services $6,896 $6,448 James E. Malackowski Rhonda L. Campbell* 3,382 3,128 & Equipment - Net Salaries, Wages, & Benefits 8,066 6,502 Monica Jones* President & Chief Executive Officer, ICMB Ocean Tomo Treasurer Chief Financial Officer, Invent Now, Inc. Other Expenses 2,695 2,145 Vice President Robert Reffner Total Assets $19,768 $18,524 Chief Operating Officer, Invent Now, Inc. Vice President – Legal, FirstEnergy Corporation Rini Paiva* Printing, Postage, & Supplies 2,773 2,157 Secretary Advertising Rhonda L. Campbell* Steven Sasson Liabilities and Net Assets 1,308 1,133 Treasurer Executive Director, National Inventors Hall of Fame, Inc. Product Development Manager, Eastman Kodak (retired) Depreciation 359 239 Chief Financial Officer, Invent Now, Inc. $1,197 $1,901 2011 National Inventors Hall of Fame Inducte - W. Bernard Carlson, Ph.D. Accounts Payable & Accrued Expenses Stanley L. Apple, CPA Digital Camera Professor, Department of Engineering and Society, Other Liabilities 890 815 Total Expenses $22,097 $18,624 University of Virginia Assistant Treasurer Principal, Apple Growth Partners Wayne P. Sobon Intellectual Property Attorney & Consultant, Arthur Molella, Ph.D. Total Liabilities $2,087 $2,716 Maggie Petrush* Wayne Sobon Consulting Director Emeritus, Lemelson Center Increase/(Decrease) in Net Assets $1,873 $2,078 Secretary for the Study of Invention and Innovation, Net Assets, Beginning of Year Vice President, Administration, Invent Now, Inc. Gary Sterling Smithsonian’s Lemelson Center Net Assets $17,681 $15,808 $15,808 $13,730 Retail Consultant, Dick’s Sporting Goods (retired) James Kraus Net Assets, End of Year $17,681 $15,808 Total Liabilities and Net Assets $19,768 $18,524 Assistant Secretary Partner, Buckingham, Doolittle & Burroughs, LLC Robert W. Briggs 2015 Expenses 2015 Revenues Director Emeritus General Chairman Emeritus and Partner, & Administrative (16%) Buckingham, Doolittle & Burroughs, LLC

President, Northeast Ohio Council on Higher Education Government, Foundation, Fundraising (3%) & Corporate Grants (25%)

* Non-voting Programming (81%) K-12 Programming (75%)