EIN 84-4902334

NCInnovation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Year formed
2020
Most recent tax filings
2023-06-01
NTEE code, primary
Description
NCInnovation accelerates and scales commercialized innovation from NC's universities, creates jobs, and improves economic opportunities in all 100 counties of North Carolina through a public-private partnership. By 2023, it supported statewide policy development, created four regional networks via establishment of hubs at four NC research universities, and continued building the team, processes, and infrastructure required to execute its mission.
Also known as...
North Carolina Innovation Corridor; The Innovation State
Total revenues
$10,283,256
2023
Total expenses
$2,153,367
2023
Total assets
$18,408,832
2023
Num. employees
2
2023

Program areas at NCInnovation

In 2023, Ncinnovation supported statewide policy development; created four regional networks via the establishment of hubs at four nc research universities; and continued building the team, processes, and infrastructure required to execute its mission.

Who funds NCInnovation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
North Carolina Community Foundation (NCCF)Public & Societal Benefit$400,000
Barnhill Family FoundationNcinnovation Program - Optimizing Innovation in North Carolina$100,000
Duke Energy FoundationVibrant Economies$100,000

Personnel at NCInnovation

NameTitleCompensation
Bennet WatersPresident and Chief Executive Officer$300,000
J Bennet WatersPresident$0
Ms. Hall WillExecutive Vice President and Chief Operating Officer
Linda HallExecutive Vice President and Chief Financial Officer
Michelle BolasExecutive Vice President and Chief Innovation Officer$0
...and 7 more key personnel

Financials for NCInnovation

RevenuesFYE 06/2023
Total grants, contributions, etc.$10,220,000
Program services$0
Investment income and dividends$62,256
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,000
Total revenues$10,283,256

Form 990s for NCInnovation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062022-11-03990View PDF
2021-122022-05-12990View PDF
2020-122021-08-04990EZView PDF
Data update history
July 18, 2024
Updated personnel
Identified 2 new personnel
July 16, 2024
Updated personnel
Identified 23 new personnel
July 15, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Barnhill Family Foundation
July 11, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 9, 2024
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
SchoolsResearch centersCharities
Issues
Science and technologyEducation
Characteristics
Political advocacyConducts researchLobbyingState / local levelTax deductible donationsAccepts online donations
General information
Address
4721 Emperor Blvd 150
Durham, NC 27703
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
ncinnovation.org/ 
Phone
(919) 424-7262
IRS details
EIN
84-4902334
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B00: Education: General
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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