2026-06-08T16:05:10+00:00 2025-06-30 440160260 Forvis Mazars LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2024-07-01 640901569 Innovate Mississippi INNO 6019603644 121 NORTH STATE STREET 500 JACKSON MS 392012811 James Anthony Jeff Jr President 6019603644 2026-06-08 true Peyton Parks P01850908 6019486700 2026-06-08 2024 2025-03-06 01:10:19Z JAMES ANTHONY JEFF JR 121 NORTH STATE STREET 500 JACKSON MS 392012811 4641378 false X WWW.INNOVATE.MS X 1998 MS THE PURPOSE OF THE ORGANIZATION IS TO DRIVE INNOVATION AND TECHNOLOGY-BASED ECONOMIC DEVELOPMENT FOR THE STATE OF MISSISSIPPI. 13 12 19 12 0 0 4347062 4483125 80614 105172 136917 0 48284 53081 4612877 4641378 182500 339000 0 597435 809144 0 0 1205038 3387213 1984973 4535357 2627904 106021 6776335 6595770 5664468 5515076 1111867 1080694 THE MISSION OF INNOVATE MISSISSIPPI, FORMERLY KNOWN AS MISSISSIPPI TECHNOLOGY ALLIANCE, IS TO DRIVE INNOVATION AND TECHNOLOGY-BASED ECONOMIC DEVELOPMENT FOR THE STATE OF MISSISSIPPI. false false 4196357 339000 155221 SEE SCHEDULE O 4196357 true true false false false false false false false false true false false false true false false false false false false false false false false false false true false true false false false false false false false false false false false false false false true true true false false false true 50 0 true 19 true true true false false false false false false false X 13 12 false false false false false false false true true false false false false true true true false false true true false false MS X JAMES ANTHONY JEFF JR 6019603644 121 NORTH STATE STREET STE 500 JACKSON MS 392012811 JAMES ANTHONY JEFF JR PRESIDENT 40.0 X X 152036 0 18424 ASHBY FOOTE DIRECTOR 1.0 X 0 0 0 BRAD MCMULLAN DIRECTOR 1.0 X 0 0 0 GERARD GIBERT DIRECTOR 1.0 X 0 0 0 Jamie Miller Director 1.0 X 0 0 0 Joe Donovan Director 1.0 X 0 0 0 JOHN WALTERS DIRECTOR 1.0 X 0 0 0 LAURA HIPP MAYER DIRECTOR 1.0 X 0 0 0 MARK HENDERSON DIRECTOR 1.0 X 0 0 0 NASHLIE SEPHUS DIRECTOR 1.0 X 0 0 0 R MAYO FLINT III DIRECTOR 1.0 X 0 0 0 RACHEL M DEVAUGHAN-PATRICK DIRECTOR 1.0 X 0 0 0 Rebekah Staples Director 1.0 X 0 0 0 JANET PARKER SECRETARY 40.0 X 65000 0 4605 LINDSEY W BENEFIELD INVESTMENT DIRECTOR 40.0 X 114032 0 11367 Robert H Buseck MS Coding Academies Executive Director 40.0 X 122059 0 14197 Victor Robinson Investment Manager 40.0 X 110000 0 12635 563127 0 61228 5 false true false Anne Turner PC 154 N CASTLE DRIVE MADISON MS 39110 LEGAL SERVICES 146496 0 4407625 75500 4483125 PROGRAM SERVICE REVENUE 900099 102140 102140 POINTE INNOVATION 541800 3032 3032 0 0 0 0 105172 0 0 0 0 CONTINGENCIES RECOVERY 900099 35550 35550 OTHER INCOME 900099 17531 17531 0 0 0 0 53081 4641378 155221 0 3032 339000 339000 240620 201502 39118 458047 458047 19666 19666 43874 43874 46937 39306 7631 162561 136133 26428 88877 74428 14449 8154 6828 1326 0 2580 2161 419 6244 5229 1015 8854 7415 1439 70077 58684 11393 33560 28104 5456 66580 55756 10824 8986 8986 BAD DEBT EXPENSE 1540449 1290016 250433 CONTRACTUAL SERVICES 1340465 1122544 217921 DUES AND SUBSCRIPTIONS 27250 22820 4430 PARKING EXPENSE 7291 6106 1185 15285 12799 2486 0 4535357 3930418 604939 0 6034229 5649035 576546 839646 0 0 0 0 4204 4292 15561 15561 0 0 950 950 0 160406 101847 6776335 6595770 632915 854168 4866958 4555479 0 0 164595 105429 5664468 5515076 848041 974673 263826 106021 1111867 1080694 6776335 6595770 106021 -137194 0 X false false true true X 1205534 1332832 1707773 2321062 4483125 11050326 0 0 1205534 1332832 1707773 2321062 4483125 11050326 0 11050326 136917 136917 49250 41000 19000 10500 119750 163 171 5303 5649 3032 14318 11321311 1151504 0.97606 0.96132 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 163.0, COLUMN B - 171.0, COLUMN C - 5303.0, COLUMN D - 5649.0, COLUMN E - 3032.0, COLUMN F - 14318.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9441 9441 0 6120 6120 0 0 Federal Income Taxes OPERATING LEASE LIABILITIES 105429 105429 true BLUEIQ 215 AYER ROAD UNIT 110 HARVARD MA 01451 922747087 N/A 6000 SEE PART IV COBUILDERS FUND LLC 121 NORTH STATE STREET JACKSON MS 39201 932804955 N/A 120000 SEE PART IV GARNER HOLDINGS PO BOX 4039 MADISON MS 39130 843859173 N/A 10000 SEE PART IV REBORNC LLC 66 BRIDGEFIELD TURN HATTIESBURG MS 39402 873244557 N/A 27500 SEE PART IV 0 4 Schedule I, Part I, Line 2 APPLICATIONS ARE SUBMITTED TO INNOVATE MISSISSIPPI. STAFF AND THE BOARD APPROVE APPLICATIONS. A CONTRACT IS THEN NEGOTIATED WITH THE GRANTEE BASED ON ESTABLISHED GUIDELINES. THE CONTRACT IS THEN MONITORED BY STAFF OF INNOVATE MISSISSIPPI. Schedule I, Part II ASSISTANCE IS AVAILABLE TO PROVIDE WORKING CAPITAL TO SUPPORT INITIAL AND CONTINUED CAPITALIZATION OF TECHNOLOGY BASED BUSINESSES IN MISSISSIPPI. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds APPLICATIONS ARE SUBMITTED TO INNOVATE MISSISSIPPI. STAFF AND THE BOARD APPROVE APPLICATIONS. A CONTRACT IS THEN NEGOTIATED WITH THE GRANTEE BASED ON ESTABLISHED GUIDELINES. THE CONTRACT IS THEN MONITORED BY STAFF OF INNOVATE MISSISSIPPI. false false false false false false false false false JAMES ANTHONY JEFF JR PRESIDENT 152036 0 0 0 0 0 0 0 18424 0 170460 0 0 0 Form 990, Part III, Line 4a DELIVERED SUPPORT AND SERVICES THAT PROMOTE BUSINESS AND INVESTMENT DEVELOPMENT FOR INNOVATION & TECHNOLOGY-FOCUSED COMPANIES AND ORGANIZATIONS IN THE STATE OF MISSISSIPPI. INNOVATE MISSISSIPPI PROVIDES THE FOLLOWING PROGRAMS: 1. DEVELOPMENT OF INNOVATION AND TECHNOLOGY-FOCUSED STARTUP COMPANIES 2. DEVELOPMENT OF INVESTOR NETWORKS AND FUNDS TO INVEST IN MISSISSIPPI STARTUP COMPANIES. 3. CONNECTING STARTUP COMPANIES AND INVESTORS FOR MUTUAL BENEFIT 4. DEVELOPING REGIONAL ECOSYSTEMS AROUND TECHNOLOGY, INNOVATION AND ENTREPRENEURSHIP 5. HOSTING EVENTS TO HELP GROW THE ECOSYSTEM AND PROVIDE CONNECTIONS TO SUPPORT STARTUP GROWTH AND INVESTMENT Form 990, Part VI, Line 11b FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c THE CONFLICT OF INTEREST POLICY IS INCLUDED AS PART OF THE EMPLOYEE HANDBOOK. EACH EMPLOYEE IS REQUIRED TO DOCUMENT IN WRITING THAT THEY HAVE RECEIVED A COPY OF THE HANDBOOK. IN ADDITION, EACH BOARD MEMBER IS PROVIDED AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. MEMBERS WHO HAVE CONFLICTS ARE NOT ALLOWED TO PARTICIPATE IN DECISIONS REGARDING MATTERS IN WHICH THE CONFLICT RELATES. Form 990, Part VI, Line 15 THE ORGANIZATION'S COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE (WHICH ARE COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS) MEET AND ESTABLISH/APPROVE ALL SALARIES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT OFFICIALS. Form 990, Part VI, Line 19 THE ORGANIZATION CAN BE CONTACTED DIRECTLY IN ORDER TO REQUEST ANY OF THE NAMED DOCUMENTS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS INCLUDED AS PART OF THE EMPLOYEE HANDBOOK. EACH EMPLOYEE IS REQUIRED TO DOCUMENT IN WRITING THAT THEY HAVE RECEIVED A COPY OF THE HANDBOOK. IN ADDITION, EACH BOARD MEMBER IS PROVIDED AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. MEMBERS WHO HAVE CONFLICTS ARE NOT ALLOWED TO PARTICIPATE IN DECISIONS REGARDING MATTERS IN WHICH THE CONFLICT RELATES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION'S COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE (WHICH ARE COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS) MEET AND ESTABLISH/APPROVE ALL SALARIES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT OFFICIALS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION'S COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE (WHICH ARE COMPOSED OF MEMBERS OF THE BOARD OF DIRECTORS) MEET AND ESTABLISH/APPROVE ALL SALARIES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT OFFICIALS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION CAN BE CONTACTED DIRECTLY IN ORDER TO REQUEST ANY OF THE NAMED DOCUMENTS. FORM 990 SUBMISSION INNOVATE MISSISSIPPI IS FILING ITS FORM 990 PRIOR TO RECEIVING THE AUDITED FINANCIAL STATEMENTS COVERING THE PERIOD. THE 990 IS BEING PREPARED BASED ON INFORMATION AVAILABLE AT THIS TIME. INNOVATE MISSISSIPPI PLANS TO AMEND THE FORM 990 ONCE THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE. INNOVATION VENTURES LLC 121 NORTH STATE ST STE 500 JACKSON MS 39201 383543942 INVESTOR/MGR MS NA MISSISSIPPI SEED FUND EQUITY LLC 121 NORTH STATE ST STE 500 JACKSON MS 39201 272428581 INVESTOR/MGR MS NA COBUILDERS FUND LLC 121 NORTH STATE ST STE 500 JACKSON MS 39201 932804955 INVESTOR/MGR MS NA SOLIDUS CAPITAL SOLUTIONS-MS LLC 4450 OLD CANTON RD STE 207 JACKSON MS 39211 INVESTMENTS MS NA Related false false 0.1 NT CAPITAL OWNER LLC 3100 OLD CANTON RD STE 200 JACKSON MS 39216 INVESTMENTS MS NA Related false false 0.95 CULLEYWOOD CAPITAL MS HOLDING LLC 3100 OLD CANTON ROAD SUITE 200 JACKSON MS 39216 INVESTMENTS MS NA Related 427504 7825483 false false 0.95 false false false false false false false false false false false false false false false false false false false