NCINNOVATION INC

RESEARCH TRIANGLE PARK, NC, 27713 (919) 424-7262 Est. 2020 EIN 84-4902334
B19 - Support N.E.C. 990 - Public charity return 501(c)(3)
ncinnovation.org

Mission

THE ORGANIZATION IS A PUBLIC-PRIVATE PARTNERSHIP TO ACCELERATE AND SCALE COMMERCIALIZED INNOVATION FROM NC'S UNIVERSITIES, CREATE JOBS, AND IMPROVE ECONOMIC OPPORTUNITIES IN ALL 100 COUNTIES OF NORTH CAROLINA.

Giving Portfolio

Total Grants
29
Total Giving
$12.8M
Recipients
19
Years Active
2023 - 2024
Avg grant: $433,804 Median: $416,280

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202422$9.9M $450K76
20237$2.9M $418K60

Top States

North Carolina
29

Top Grantees

Page 1 of 2
APPALACHIAN STATE UNIVERSITY
NC - 2 grants
$1.8M
EASTERN CAROLINA UNIVERSITY
NC - 3 grants
$1.1M
UNC CHARLOTTE
NC - 2 grants
$1.1M
UNC Charlotte
NC - 2 grants
$756K
WINSTON-SALEM STATE UNIVERSITY
NC
$655K
FAYETTEVILLE STATE UNIVERSITY
NC
$628K
Western Carolina University
NC
$587K
NORTH CAROLINA STATE UNIVERSITY
NC - 2 grants
$580K
UNIVERSITY OF NORTH CAROLINA AT GREENSBORO
NC - 2 grants
$559K

Grants Awarded · 2 grants

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Financials

Total Revenue
$272,126,634
Total Expenses
$19,108,008
Net Assets
$522,959,225
16 employees 14 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 5.0%
Expenses ↑ 134.1%
Revenue Sources
Contributions 91.9% Investment 8.1%
Expense Breakdown
Program 76.8% Management 23.2%

Officers & Trustees (23)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$272,126,634 ↑$19,108,008$522,959,225
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$259,079,795 ↑$8,161,864$269,730,778
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$10,283,256 $2,153,367$18,390,279
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$10,283,256 $2,153,367$18,390,279
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$10,283,256 ↑$2,153,367$18,390,279
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$3,600,000 ↑$245,800$3,443,252
2020 990-EZ - Short-form return
Feb 13, 2020 to Dec 31, 2020
$100,000 $10,948$89,052

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EIN: 84-4902334 · Source: IRS Form 990 e-file data