Overview
What is Innovate Mississippi?
Innovate Mississippi, previously known as Mississippi Technology Alliance, is a nonprofit organization situated in Jackson, Mississippi. With a workforce of 16 dedicated individuals, its mission is to foster innovation and technology-driven economic growth within the state. The organization provides various programs to accomplish this goal. The Manufacturing Extension Partnership of Mississippi (MEP.ms) assists local manufacturers by addressing their critical needs, ranging from business practices to technology application. Strategic Biomass Solutions, another program, focuses on promoting innovation in the renewable energy sector, connecting entrepreneurs, investors, and economic developers. Innovate Mississippi also publishes the Innovation Report magazine and hosts an annual high technology conference for networking and learning opportunities. Overall, Innovate Mississippi is committed to supporting technology-centric companies and organizations in Mississippi, driving innovation and economic growth.
Official website here: www.innovate.ms
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Innovate Mississippi holds a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The score highlights strengths in governance, with 95% of board members being independent, and a well-structured audit and oversight committee. Additionally, the organization demonstrates a solid program expense ratio, dedicating a significant portion of its resources to its mission-driven activities.
However, there are notable limitations in the organization's accountability practices, as it lacks a whistleblower policy and document retention procedures. Furthermore, the absence of financial statements on its website and a subpar liabilities to assets ratio could raise concerns among potential donors and stakeholders regarding transparency and financial stability.
Overall, while Innovate Mississippi shows promise with its governance and program efficiency, improvements in transparency and policy adherence would enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Innovate Mississippi?
With 96% of 21 reviewers on Facebook recommending Innovate Mississippi, it’s clear that the nonprofit has made a positive impact on its community. Many users appreciate the organization’s commitment to fostering economic growth in Mississippi and recognize its role in supporting local ventures.
Reviewers highlight the nonprofit's inspirational approach and dedication to strengthening the state's economy. They express gratitude for the services provided, suggesting that Innovate Mississippi successfully engages with local entrepreneurs and contributes to a thriving business landscape.
Overall, the sentiment is overwhelmingly positive, showcasing a strong sense of support for Innovate Mississippi's mission and the valuable resources it offers to the community.
This AI summary has been generated from reviews found on Facebook.
Is Innovate Mississippi legitimate?
Innovate Mississippi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovate Mississippi 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: $270,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,158
For more financial information, click here
Official website here: www.innovate.ms
What is the mission statement of Innovate Mississippi?
Innovate Mississippi, formerly known as Mississippi Technology Alliance, has a mission to drive innovation and technology-based economic development within the state. The organization aims to support technology-focused businesses and organizations by delivering necessary resources and services, such as process improvements, worker training, and business practice enhancements. One of their programs, the Manufacturing Extension Partnership of Mississippi (MEP.ms), collaborates with various partners to address the critical needs of local manufacturers. Another initiative, Strategic Biomass Solutions, focuses on renewable energy technology, connecting entrepreneurs, investors, and economic developers to drive innovation in this sector. Innovate Mississippi also publishes an Innovation Report magazine and hosts an annual high technology conference to network, learn, and be inspired by technology leaders.
Official website here: www.innovate.ms
Who is the CEO of Innovate Mississippi?
James Anthony Jeff Jr is the President of Innovate Mississippi.
Official website here: www.innovate.ms
What is the revenue of Innovate Mississippi?
Innovate Mississippi's revenue in 2023 was $1,998,207.
Official website here: www.innovate.ms
Who are the executives of Innovate Mississippi and what are their salaries?
The average compensation at Innovate Mississippi during 2023 was $32,161. There are 16 employees and 19 volunteers at Innovate Mississippi.
Here are 21 key members and their salaries:
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Official website here: www.innovate.ms
Where can I find the form 990 for Innovate Mississippi?
Innovate Mississippi's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.innovate.ms
Learn more at the official website: www.innovate.ms
Mission Statement of Innovate Mississippi
Innovate Mississippi, previously known as Mississippi Technology Alliance, is an organization dedicated to driving innovation and technology-based economic development within the state. Its mission is to support and promote the growth of technology-focused businesses and organizations, contributing to Mississippi's economic development. Innovate Mississippi achieves this by providing various programs, including the Manufacturing Extension Partnership of Mississippi (MEP.ms). MEP.ms collaborates with partner organizations to offer tailored expertise and services to Mississippi manufacturers, addressing their critical needs in areas such as process improvements, worker training, and information technology applications.
Another program under Innovate Mississippi is Strategic Biomass Solutions, which aims to drive innovation in renewable energy technology. This program connects entrepreneurs, investors, and economic developers, offering resources like studies, analysis, and the Renewable Energy Venture Development Academy. Strategic Biomass Solutions also manages the Mississippi Biomass and Renewable Energy Council, advocating for sustainable industries in the state. Lastly, Innovate Mississippi engages in marketing efforts through events and the publication of Innovation Report magazine, which showcases the state's impressive technological advancements, individuals, and businesses.
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Impact
July, 2024
Innovate Mississippi has significantly impacted Mississippi by driving innovation and technology-based economic development in the state. Through its programs such as the Manufacturing Extension Partnership of Mississippi (MEP.ms) and Strategic Biomass Solutions, Innovate Mississippi has provided essential support and services to technology-focused companies and organizations. The organization's initiatives aim to boost manufacturing efficiency, promote renewable energy technology, and connect entrepreneurs and investors in the state.
Furthermore, Innovate Mississippi's Innovation Report magazine and High Technology Conference serve as platforms to showcase the achievements of Mississippi's innovators and technology companies, fostering a culture of creativity and entrepreneurship in the region. By promoting collaboration and offering valuable resources, Innovate Mississippi plays a crucial role in advancing the state's technological landscape and driving forward progress and development.
This information is meant to be a general summary of Innovate Mississippi. 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 2023.
- Program Service Revenue: $97,562
- Gross Receipts: $1,998,207
Assets and Liabilities:
- Total Assets: $1,521,742
- Total Liabilities: $1,011,781
- Net Assets: $509,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$73,259
POINTE INNOVATION
Revenue
$24,303
Organization Details
Founding Year
1998
Phone
(601) 960-3644Principal Officer
James Anthony Jeff Jr
Main Address
121 North State Street Ste 500, Jackson, MS, 39201
Website
www.innovate.msNTEE Category
Code: U022 - Science research
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