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EIN 84-2208618

Sova Innovation Hub Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
South Boston
State
Virginia
Year formed
2019
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
Sova Innovation Hub Corporation promotes economic development and encourages innovation for the benefit of communities and citizens of Southern Virginia through impactful programming for digital skills education and workforce training. It is located in South Boston, VA.
Total revenues
$716,186
2023
Total expenses
$750,265
2023
Total assets
$1,615,558
2023
Num. employees
0
2023

Program areas at Sova Innovation Hub Corporation

To promote economic development and encourage Innovation for the benefit of the communities and citizens of southern Virginia by offering impactful programming for digital skills education and workforce training.

Grants made by Sova Innovation Hub Corporation

GranteeGrant descriptionAmount
Southside Virginia Community College FoundationCollege Coaches$50,000

Who funds Sova Innovation Hub Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mid-Atlantic Broadband Communities CorporationContribution$250,000
American Online Giving FoundationGeneral Support$217,500

Personnel at Sova Innovation Hub Corporation

NameTitleCompensation
Phillip LloydTreasurer$0
Jeremy SatterfieldVice Chair$0
Mark VarahSecretary$0
Thomas DerisoChairman$0

Financials for Sova Innovation Hub Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$642,352
Program services$73,834
Investment income and dividends$0
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$0
Total revenues$716,186

Form 990s for Sova Innovation Hub Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-05990View PDF
2021-062022-02-17990View PDF
2020-062021-04-05990View PDF

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IAF NorthwestSeattle, WA$379,051
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Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $250,000 from Mid-Atlantic Broadband Communities Corporation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Received grants
Identified 2 new grant, including a grant for $250,000 from Mid-Atlantic Broadband Communities Corporation
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
715 Wilborn Ave
South Boston, VA 24592
County
Halifax County, VA
Website URL
sovainnovationhub.com/ 
Phone
(434) 570-1301
IRS details
EIN
84-2208618
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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