Overview
What is Innovation Quarter?
Innovation Quarter is a nonprofit organization based in Winston-Salem, North Carolina, specifically located on Medical Center Boulevard. Its primary mission is to develop and manage a research park, providing essential research space for Wake Forest University Health Sciences (WFUHS). The organization also plays a significant role in revitalizing the downtown area of Winston-Salem. Beyond its research focus, Innovation Quarter manages the Long Branch Trail, a network of greenways for walking, running, and cycling, which was built through collaborative efforts with various local entities. Moreover, the organization hosts free community programs at Bailey Park, such as film screenings, yoga sessions, fitness events, and food truck festivals. These events aim to foster a sense of community within the area.
Official website here: www.innovationquarter.com
Is Innovation Quarter legitimate?
Innovation Quarter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Quarter submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,864
For more financial information, click here
Official website here: www.innovationquarter.com
What is the mission statement of Innovation Quarter?
Innovation Quarter serves as the organizational hub for the research entities affiliated with Wake Forest University Health Sciences (WFUHS), overseeing their activities within the Wake Forest Innovation Quarter. Its primary role includes managing land acquisition, master planning, and park development for long-term research space needs. The organization also facilitates revitalization and redevelopment efforts in the downtown area. In addition, Innovation Quarter manages the Long Branch Trail, a greenway trail network for walking, running, and biking, collaborating with various entities for its construction. Furthermore, the organization offers community programs at Bailey Park, such as film screenings, yoga sessions, fitness classes, and food truck gatherings, aiming to foster a sense of community within the area.
Official website here: www.innovationquarter.com
Who is the CEO of Innovation Quarter?
Terry L Hales Jr is the Director & Secretary of Innovation Quarter.
Official website here: www.innovationquarter.com
What is the revenue of Innovation Quarter?
Innovation Quarter's revenue in 2022 was $0.
Official website here: www.innovationquarter.com
Who are the executives of Innovation Quarter and what are their salaries?
There 4 volunteers at Innovation Quarter.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $647,740
- Other: $142,213
- Compensation: $0
- Related: $819,018
- Other: $146,647
- Compensation: $984,139
- Related: $0
- Other: $159,721
- Compensation: $0
- Related: $1,398,169
- Other: $314,071
- Compensation: $0
- Related: $201,322
- Other: $43,395
Official website here: www.innovationquarter.com
Where can I find the form 990 for Innovation Quarter?
Innovation Quarter's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationquarter.com
Learn more at the official website: www.innovationquarter.com
Mission Statement of Innovation Quarter
Innovation Quarter, serving as the umbrella organization for Wake Forest University Health Sciences (WFUHS) affiliated research park entities, plays a crucial role in overseeing all WFUHS activities involving the Wake Forest Innovation Quarter. Its mission is twofold: firstly, it manages and develops a research park to provide research space, thereby revitalizing downtown Winston-Salem. Secondly, it oversees all WFUHS activities in the Innovation Quarter, including land acquisition, master planning, and park development, such as infrastructure, recruiting, and more. Moreover, Innovation Quarter coordinates the efforts of all WFUHS affiliated research park entities, including the Wake Forest Innovation Quarter CDC, to provide an additional campus for the long-term research space needs of WFUHS and undertake revitalization and redevelopment efforts in the center-city area of Winston-Salem. The organization is also actively involved in maintaining the Long Branch Trail, a 1.7-mile network of greenway trails for walking, running, and biking, which runs through the Innovation Quarter. This trail was built through collaboration with various entities, including the City of Winston-Salem, the North Carolina Department of Transportation, and the North Carolina Department of Transportation - Rail Division. During Cy22, Innovation Quarter provided free community programs hosted at Bailey Park, offering amenities such as a stage, lawn, and food truck court to accommodate large gatherings, including Innovation & Cinema, Sunset Salutations in Bailey Park, Fitness Fridays, Food Truck Fridays, and the Juneteenth Festival.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Innovation Quarter significantly transforms downtown Winston-Salem by developing a research park that fosters innovation and revitalization. It provides crucial research space that supports the long-term needs of Wake Forest University Health Sciences (WFUHS), focusing on land acquisition, master planning, and infrastructure development.
The initiative plays a pivotal role in the economic and social fabric of the area, coordinating various research park entities and enhancing community engagement. Its contributions include the maintenance of the Long Branch Trail, a 1.7-mile greenway network that promotes outdoor activities like walking, running, and biking, thus encouraging a healthy lifestyle among residents.
Innovation Quarter also enhances community interaction through a variety of free programs hosted at Bailey Park, such as community film series, yoga sessions, fitness classes, food truck events, and cultural festivals. These programs not only provide entertainment and physical activity opportunities but also serve to strengthen community ties and enhance the quality of life for local residents. Overall, Innovation Quarter's impact is multifaceted, supporting research initiatives, promoting community wellness, and driving urban revitalization in Winston-Salem.
This information is meant to be a general summary of Innovation Quarter. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $81,245
- Total Liabilities: $21,948,686
- Net Assets: -$21,867,441
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(336) 716-4445Principal Officer
Terry L Hales Jr
Main Address
MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC, 27157
Website
www.innovationquarter.comNTEE Category
Code: S11 - Community improvement
If you are a representative of Innovation Quarter and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.