Innovate Charlotte
- Assets
- $97.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2118860
Organization Overview
Innovate Charlotte is located in Charlotte, NC. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovate Charlotte is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Innovate Charlotte generated $115.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $35.2k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INNOVATE CHARLOTTE CONDUCTED HUNDREDS OF MENTORSHIP SESSIONS TOTALLING OVER 2270 VOLUNTEER HOURS BY 60 MEMBERS FOR 30 COMPANIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Garzon Executive Di | 20 | $0 | |
Igor Gorlatov Vms Manager | 5 | $0 | |
David Jones Board Member | 1 | $0 | |
Holy Eskridge Board Member | 1 | $0 | |
Dan Roselli Board Member | 1 | $0 | |
Keith Luedeman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,294 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $382 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,676 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,963 |
| Occupancy, rent, utilities, and maintenance | $1,871 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,333 |
| Total expenses | $35,167 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,159 |
| Other assets | $0 |
| Total assets | $97,159 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,159 |