NonprofitsInnovation Depot Inc

Innovation Depot Inc

BIRMINGHAM, AL

Total revenue

$4.7M

Total expenses

$3.9M

Net assets

$13.4M

Grants received

$495K

12 grants

EIN

630917530

Tax year

2024

Mission

Incubate and accelerate tech and bio-focused, high growth businesses by providing teams with a proven blueprint for success, support in strategic areas, and access to an inclusive and supportive community. We add value by being a catalyst for growth to our members and partners.

Financials

FY 2024

Revenue

Contributions & grants$2.2M
Program service revenue$2.3M
Investment income$120K
Other revenue
Total revenue$4.7M

Expenses

Grants paid
Salaries & benefits$938K
Fundraising$94K
Other expenses$2.9M
Total expenses$3.9M
Total assets$16.7M
Net assets$13.4M

People

12 listed

NameRoleCompensation

Gillis Brooke

Chief Executive Officer

Board

$281K

40 hrs/wk

Guerin Russell Abby

Chief Development Officer

Board

$158K

40 hrs/wk

Wright Will

Chair

Board

3 hrs/wk

Girvin Miller

Board Member

Board

1 hrs/wk

Davis Tiffany

Board Member

Board

1 hrs/wk

Bouknight Nathan

Board Member

Board

1 hrs/wk

Geisen Jonathan

Board Member

Board

1 hrs/wk

Brown Chris

Board Member

Board

1 hrs/wk

Karra Sri

Board Member

Board

1 hrs/wk

Mobley Clayton

Board Member

Board

1 hrs/wk

Hernandez Andy

Board Member

Board

1 hrs/wk

Akl Hanny

Board Member

Board

1 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$38K
COMMUNITY AND ECONOMIC DEVELOPMENT
2024
$100K
2023 CO-WORK SPACE RENOVATION
2023
$5K
GENERAL OPERATING
2023
$333
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2023
$33K
GENERAL SUPPORT
2022
$33K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$83K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2020
$33K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2020
$33K
VELOCITY SPONSORSHIP - SEED
2020
$75K
VCC: VELOCITY ACCELERATOR
2018

Funded by

$495K from 7 funders · 12 grants · 2018–2024

Protective Life Foundation

$183K · 2 grants · 2020–2023

The Community Foundation Of Greater

$113K · 2 grants · 2018–2024

Altecstyslinger Foundation

$67K · 3 grants · 2020–2023

Mcwane Foundation

$67K · 2 grants · 2020–2022

Susan Mott Webb Charitable Trust

$5K · 1 grant · 2023

Details

EIN630917530
Subsection03
Ruling date1986-08
Formed1985
Employees8
Volunteers0
INNOVATION DEPOT INC — Mission, Financials & Grants Received | Grantivo