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Innovate Raleigh

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262891963 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Innovate Raleigh?

Innovate Raleigh is a nonprofit organization situated in the Raleigh and Triangle area, dedicated to empowering entrepreneurs. It offers vital technical, administrative, and infrastructural support, acting as a driving force for innovation and economic growth. Their programs extend to various aspects of entrepreneurship, and they host events like the Innovate Raleigh Summit to foster a collaborative environment. Innovate Raleigh serves as a catalyst, playing a significant role in the local business ecosystem.


Official website here: www.innovateraleigh.com

Is Innovate Raleigh legitimate?

Innovate Raleigh is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovate Raleigh submitted a form 990EZ, 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: $0

For more financial information, click here


Official website here: www.innovateraleigh.com

What is the mission statement of Innovate Raleigh?

Innovate Raleigh's mission is centered around providing assistance to entrepreneurs and fostering innovation and economic growth in a specific area. It offers technical, administrative, and infrastructure support to entrepreneurs and functions as a catalyst for innovation. The organization's activities extend to supporting entrepreneurs in various aspects and hosting events, such as the Innovate Raleigh Summit, which aim to encourage and nurture innovation within the entrepreneurial community.


Official website here: www.innovateraleigh.com

What is the revenue of Innovate Raleigh?

Innovate Raleigh's revenue in 2023 was $40,774.


Official website here: www.innovateraleigh.com

Who are the executives of Innovate Raleigh and what are their salaries?

Here are 6 key members and their salaries:


Derrick Minor (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Widen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Terri Lomax (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Sarah Glova (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Watkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Spruill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.innovateraleigh.com

Where can I find the form 990EZ for Innovate Raleigh?

Innovate Raleigh's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.innovateraleigh.com

Learn more at the official website: www.innovateraleigh.com

Mission Statement of Innovate Raleigh

Innovate Raleigh, as a nonprofit organization, plays a significant role in fostering entrepreneurship and stimulating economic growth in the Raleigh and Triangle area. Its primary mission is to provide technical, administrative, and infrastructure support to aspiring entrepreneurs. By serving as a catalyst for innovation, Innovate Raleigh aims to empower these entrepreneurs, enabling them to turn their ideas into thriving businesses. Apart from its direct support services, Innovate Raleigh also hosts events, such as the Innovate Raleigh Summit, which provide opportunities for networking and learning within the entrepreneurial community.

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Impact




October, 2024

Innovate Raleigh acts as a catalyst for innovation and economic growth in the Raleigh and Triangle area by providing vital technical, administrative, and infrastructure support to entrepreneurs. Through its comprehensive programs, it assists entrepreneurs in various aspects of building and scaling their businesses, helping to foster a vibrant entrepreneurial ecosystem. Key events, such as the Innovate Raleigh Summit, bring together thought leaders, innovators, and the business community to share ideas and drive collaboration. This initiative enhances the region's economic landscape, promotes job creation, and ensures that Raleigh remains a hub for innovation. By empowering entrepreneurs, Innovate Raleigh contributes significantly to the overall prosperity and development of the local economy.




This information is meant to be a general summary of Innovate Raleigh. 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.

Revenue
$40,774 (2023)
Expenses
$110,685 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $349
  • Program Service Revenue: $425
  • Gross Receipts: $40,774

Assets and Liabilities:

  • Total Assets: $80,336
  • Total Liabilities: $10,425
  • Net Assets: $69,911

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Organization Details

Principal Officer

Michael Haley

NTEE Category

Code: P99 - Human services

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