Ncinnovation Inc

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

EIN: 844902334 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Ncinnovation Inc?

Ncinnovation Inc is a public-private partnership based in Raleigh, North Carolina, located at 1101 Haynes Street 102. Established in 2021, the organization aims to foster commercialized innovation from North Carolina's universities, ultimately creating jobs and enhancing economic opportunities across all 100 counties of the state. In its developmental year, Ncinnovation Inc forged partnerships with universities, non-profit leaders, and the private sector, securing contributions for future grants and investments in line with its mission. These contributions will support the organization's objective of boosting innovation, job creation, and economic growth in North Carolina.

Is Ncinnovation Inc legitimate?

Ncinnovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ncinnovation Inc 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: $100,000

For more financial information, click here

What is the mission statement of Ncinnovation Inc?

Ncinnovation Inc operates as a public-private partnership, with a mission to accelerate and scale commercialized innovation from North Carolina's universities. Their primary goal is to create job opportunities and enhance economic prospects across all 100 counties of the state. In 2021, the organization started establishing collaborations with universities, non-profit leaders, and the private sector, using these contributions to fund future grants and investments that align with their mission.

Who is the CEO of Ncinnovation Inc?

J Bennet Waters is the President (Part Year) of Ncinnovation Inc. The CEO's salary of Ncinnovation Inc is $0 and their total compensation is $0.

What is the revenue of Ncinnovation Inc?

Ncinnovation Inc's revenue in 2022 was $1,750,000.

Who are the executives of Ncinnovation Inc and what are their salaries?


Here are 4 key members and their salaries (Ncinnovation Inc's CEO's salary is $0 and their total compensation is $0):


Kirk Bradley (President (Part Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Bailey (Vice President (Part Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Fowler (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Bennet Waters (President/Ceo (Part Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ncinnovation Inc?

Ncinnovation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ncinnovation Inc

Ncinnovation Inc, a public-private partnership, is on a mission to expedite and amplify the commercialization of innovative ideas originating from North Carolina's universities. The organization's primary objective is to stimulate job creation and enhance economic opportunities across all 100 counties of North Carolina. By fostering collaborations with universities, non-profit leaders, and the private sector, Ncinnovation Inc aims to channel contributions towards funding future grants and investments that align with its mission. In 2021, the organization began establishing these partnerships, marking the beginning of its journey to drive innovation and economic growth in North Carolina.

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Impact




July, 2024

Ncinnovation Inc's impact can be seen in its efforts to accelerate and scale commercialized innovation from North Carolina's universities, ultimately leading to job creation and improved economic opportunities across all 100 counties of the state. In 2021, the organization began establishing key partnerships with universities, nonprofit leaders, and the private sector, resulting in significant contributions. These contributions are instrumental in funding future grants and other strategic investments aligned with the organization's mission. Through its public-private partnership model, Ncinnovation Inc is actively driving innovation, economic growth, and increased opportunities throughout North Carolina.




This information is meant to be a general summary of Ncinnovation Inc. 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
$1,750,000 (2022)
Expenses
$397,780 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,750,000

Assets and Liabilities:

  • Total Assets: $4,795,472
  • Total Liabilities: $0
  • Net Assets: $4,795,472

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Organization Details

Founding Year

2020

Principal Officer

J Bennet Waters

Main Address

1101 HAYNES STREET 102, RALEIGH, NC, 27604

NTEE Category

Code: B19 - Education

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