2025-08-11T08:43:43-05:00 2024-09-30 270355040 WILKINS MILLER LLC PO BOX 70047 MOBILE AL 36670 990 2023-10-01 823400545 INNOVATION PORTAL INC INNO 2512027165 358 ST LOUIS STREET MOBILE AL 36602 TODD GREER EXECUTIVE DIRECTOR 2512027165 2025-08-01 1 0 MICAH WHEELER P01343147 2514106700 2025-08-01 2023 2025-03-06 01:10:19Z TODD GREER 358 ST LOUIS STREET MOBILE AL 36602 1657320 0 X INNOVATION-PORTAL.COM X 2017 AL INNOVATION PORTAL IS A NON-PROFIT INCUBATOR AND INNOVATION HUB ACCELERATING STARTUP GROWTH IN THE GULF COAST REGION THAT PROVIDES TARGETED ECONOMIC DEVELOPMENT RESEARCH AND PROGRAMMING TO ENCOURAGE SUCCESSFUL LAUNCH, DEVELOPMENT, AND SCALING OF LOCAL VENTURES THAT BENEFIT THE COMMUNITY. INNOVATION PORTAL IS RECOGNIZED AS A QUALIFIED LOCAL ECONOMIC DEVELOPMENT ORGANIZATION AS DEFINED BY THE INNOVATING ALABAMA ACT, SECTION 41-10-840, ET SEQ., CODE OF ALABAMA. 18 18 5 45 0 0 7342880 1119957 246151 343546 0 1700 102489 192117 7691520 1657320 0 0 0 0 253603 406965 0 0 53067 403589 1024393 657192 1431358 7034328 225962 7101797 8757842 67469 1497552 7034328 7260290 X INNOVATION PORTAL IS A NON-PROFIT INCUBATOR AND INNOVATION HUB ACCELERATING STARTUP GROWTH IN THE GULF COAST REGION THAT PROVIDES TARGETED ECONOMIC DEVELOPMENT RESEARCH AND PROGRAMMING TO ENCOURAGE SUCCESSFUL LAUNCH, DEVELOPMENT, AND SCALING OF LOCAL VENTURES THAT BENEFIT THE COMMUNITY. INNOVATION PORTAL IS RECOGNIZED AS A QUALIFIED LOCAL ECONOMIC DEVELOPMENT ORGANIZATION AS DEFINED BY THE INNOVATING ALABAMA ACT, SECTION 41-10-840, ET SEQ., CODE OF ALABAMA. 0 0 1190740 535663 INNOVATION PORTAL ADVANCED ITS MISSION TO CULTIVATE A ROBUST ENTREPRENEURIAL ECOSYSTEM IN COASTAL ALABAMA BY DELIVERING HIGH-IMPACT PROGRAMS AND SERVICES THAT SUPPORT EARLY-STAGE BUSINESS DEVELOPMENT AND LONG-TERM ECONOMIC VITALITY. OVER THE FISCAL YEAR, THE ORGANIZATION OPERATED SIX COHORT-BASED PROGRAMS, INCLUDING GBETA GULF COAST, IDEA ACCELERATOR, PORTAL FUND RISE, AND TECHACADEMY, DESIGNED TO GUIDE ENTREPRENEURS FROM IDEA TO EXECUTION. THROUGH THESE INITIATIVES, ALONG WITH THE REAL ADVICE MENTORING PROGRAM AND A NEWLY LAUNCHED VENTURE STUDIO FOCUSED ON INDUSTRY-SPECIFIC R&D, INNOVATION PORTAL SUPPORTED OVER 75 ENTREPRENEURS AND VENTURES, ENGAGED MORE THAN 1,000 COMMUNITY MEMBERS, AND HOSTED OVER 125 EVENTS AND 48 EDUCATIONAL SESSIONS. THESE EFFORTS RESULTED IN MORE THAN $4 MILLION IN CAPITAL RAISED BY PARTICIPATING STARTUPS AND THE FORMAL LAUNCH OF 20 NEW BUSINESSES. THE ORGANIZATION ALSO ACHIEVED ITS GOAL OF EXPANDING ACCESS TO TECHNICAL ASSISTANCE AND RESOURCES, FORMING NEW PARTNERSHIPS WITH NATIONAL ORGANIZATIONS TO STRENGTHEN THE REGIONAL INNOVATION PIPELINE. A MAJOR MILESTONE INCLUDED THE SUCCESSFUL LAUNCH OF A REGIONALLY TAILORED ACCELERATOR PROGRAM FEATURING 10 COMPANIES ALIGNED WITH KEY GULF COAST INDUSTRIES. THESE ACCOMPLISHMENTS REFLECT INNOVATION PORTAL'S STRATEGIC COMMITMENT TO FOSTERING INCLUSIVE INNOVATION, DRIVING BUSINESS GROWTH, AND CREATING LASTING ECONOMIC IMPACT FOR THE COMMUNITY. 1190740 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 AL X TODD GREER 2514318624 358 ST LOUIS STREET MOBILE AL 36602 WES CRONKITE BOARD VICE CHAIR 1.00 X X 0 0 0 ELIZABETH THOMAS DIRECTOR 1.00 X 0 0 0 HAYLEY VAN ANTWERP FOUNDING EXECUTIVE DIRECTOR 1.00 X 0 0 0 HENRY O'CONNOR BOARD CHAIR 1.00 X X 0 0 0 MICHAEL CHAMBERS DIRECTOR 1.00 X 0 0 0 NEIL CHRISTOPHER TREASURER 1.00 X X 0 0 0 KRISTI GALLOWAY DIRECTOR 1.00 X 0 0 0 ABE HARPER DIRECTOR 1.00 X 0 0 0 GEORGE HUNTER DIRECTOR 1.00 X 0 0 0 FRANK LOTT DIRECTOR 1.00 X 0 0 0 TRICE STABLER DIRECTOR 1.00 X 0 0 0 MIKE STASHAK DIRECTOR 1.00 X 0 0 0 MEL WASHINGTON DIRECTOR 1.00 X 0 0 0 GIA WIGGINS DIRECTOR 1.00 X 0 0 0 MATT ZARZOUR DIRECTOR 1.00 X 0 0 0 HUNTER ADAMS DIRECTOR 1.00 X 0 0 0 ANITRA HENDERSON DIRECTOR 1.00 X 0 0 0 PATRICK SEALS DIRECTOR 1.00 X 0 0 0 TODD GREER EXECUTIVE DIRECTOR 40.00 X 162062 0 0 162062 0 0 1 0 1 0 0 200000 919957 1119957 DUES - PROGRAMS 611430 343546 343546 343546 1700 1700 190683 0 190683 190683 190683 MISCEALLANEOUS 611430 1434 1434 1434 1657320 535663 0 1700 X 174334 105890 59727 8717 178744 173846 4898 26048 22404 3272 372 27839 22171 5012 656 21809 21809 54508 43173 11335 369678 364812 2091 2775 15680 2572 13108 39591 8917 30674 8411 1906 6505 180508 162458 18050 8445 8445 7609 6848 761 162490 146241 16249 67868 61081 6787 STIPENDS - PRE-ACCELERA 56972 56972 MEALS 20018 2879 17139 DUES & SUBSCRIPTIONS 10425 125 10300 GENERAL & MISCELLANEOUS 381 381 1431358 1190740 187551 53067 554594 1955787 6376 1900 14166 73373 6814395 280788 6526661 6533607 0 193175 7101797 8757842 47387 55648 2393 1337610 104294 17689 0 67469 1497552 X 427344 434473 6606984 6825817 7034328 7260290 7101797 8757842 225962 0 X 0 1 X 1 0 X 7342880 1119957 8462837 7342880 1119957 8462837 8462837 1700 1700 8464537 884303 0.99980 1.00000 X PART II, ACCOUNTING PERIOD CHANGE DISCLOSURE THE ORGANIZATION CHANGED ITS ACCOUNTING PERIOD FROM A CALENDAR YEAR ENDING DECEMBER 31 TO A FISCAL YEAR ENDING SEPTEMBER 30. THE CHANGE WAS EFFECTIVE FOR THE SHORT TAX YEAR FROM JANUARY 1, 2023 TO SEPTEMBER 30, 2023, AND WAS MADE TO ALIGN REPORTING WITH OPERATIONAL AND FUNDING CYCLES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 442000 442000 6344148 275579 6068569 28247 5209 23038 6533607 X 1657320 0 1657320 0 1657320 1431358 0 1431358 0 1431358 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)3. THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND , THEREFORE DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE TAX YEARS 2020-2023 REMAIN OPEN TO EXAMINATION. X 0 0 0 0 0 0 0 1 0 TODD GREER EXECUTIVE DIRECTOR 145000 0 17062 0 0 0 0 0 0 0 162062 0 0 0 PART I, LINE 7 THE BOARD AGREED TO ISSUE A BONUS BASED ON THE EXECUTIVE DIRECTOR'S PERFORMANCE REVIEW. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM AND REVIEWED BY THE ORGANIZATION'S MANAGEMENT. A COPY IS ALSO FURNISHED TO EACH OF THE ORGANIZATION'S BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS ANNUALLY REQUIRED TO ACKNOWLEDGE IN WRITING THEIR RECEIPT OF THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE SAME. FORM 990, PART VI, SECTION C, LINE 18 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BANK CHARGES AND MERCHANT ACCOUNT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,562. TOTAL EXPENSES 2,562. THIRD PARTY PROGRAM FEES: PROGRAM SERVICE EXPENSES 350,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 350,000. PAYROLL FEES: PROGRAM SERVICE EXPENSES 14,812. MANAGEMENT AND GENERAL EXPENSES 2,091. FUNDRAISING EXPENSES 213. TOTAL EXPENSES 17,116.