2026-08-11T09:41:05-05:00 2025-09-30 270355040 WILKINS MILLER LLC 41 W I-65 SERVICE RD N STE 400 MOBILE AL 36608 990 2024-10-01 823400545 INNOVATION PORTAL INC INNO 2512027165 358 ST LOUIS STREET MOBILE AL 36602 TODD GREER EXECUTIVE DIRECTOR 2512027165 2026-08-10 1 0 MICAH WHEELER P01343147 2514106700 2026-08-10 2024 2025-03-06 01:10:19Z TODD GREER 358 ST LOUIS STREET MOBILE AL 36602 2212834 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. 17 17 9 55 0 0 1119957 1654275 343546 328824 1700 8409 192117 221326 1657320 2212834 0 0 0 0 406965 684264 0 0 55090 1024393 1372814 1431358 2057078 225962 155756 8757842 8692997 1497552 1187820 7260290 7505177 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 1671772 550150 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 AVENTURE STUDIO FOCUSED ON INDUSTRY-SPECIFIC R&D INCLUDING A PROTOTYPE LAB AND AN ENTREPRENEUR-IN-RESIDENCE PROGRAM, INNOVATION PORTAL SUPPORTED OVER 75 ENTREPRENEURS AND VENTURES, ENGAGED MORE THAN 1,000 COMMUNITY MEMBERS, AND HOSTED OVER 125 EVENTS AND 75 EDUCATIONAL SESSIONS. THESE EFFORTS RESULTED IN MORE THAN $16 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. INNOVATION PORTAL LAUNCHED THE SECOND YEAR OF THEIR REGIONALLY TAILORED ACCELERATOR PROGRAM FEATURING 10 COMPANIES ALIGNED WITH KEY GULF COAST INDUSTRIES. A MAJOR MILESTONE INCLUDED A MEMBER OF THE GBETA 2024 COHORT ASTRO AEROSPACE- RECEIVED A PHASE II SBIR GRANT THROUGH THE SPACE FORCE TO CONTINUE THEIR INCREDIBLE WORK AGGREGATING DATA THROUGH A CONSTELLATION OF SATELLITES. THE COMPANY IS CURRENTLY WORKING TO RAISE A ROUND OF CAPITAL AND BEGIN FABRICATING ITS SATELLITES THESE ACCOMPLISHMENTS REFLECT INNOVATION PORTAL'S STRATEGIC COMMITMENT TO FOSTERING INCLUSIVE INNOVATION, DRIVING BUSINESS GROWTH, AND CREATING LASTING ECONOMIC IMPACT FOR THE COMMUNITY. 1671772 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 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 AL X TODD GREER 2512027165 358 ST LOUIS STREET MOBILE AL 36602 WES CRONKITE BOARD CHAIR 1.00 X X 0 0 0 ELIZABETH THOMAS BOARD VICE CHAIR 1.00 X X 0 0 0 HAYLEY VAN ANTWERP FOUNDING EXECUTIVE DIRECTO 1.00 X 0 0 0 HENRY O'CONNOR IMMEDIATE PAST BOARD CHAIR 1.00 X 0 0 0 NEIL CHRISTOPHER TREASURER 1.00 X X 0 0 0 MICHAEL CHAMBERS DIRECTOR 1.00 X 0 0 0 ABE HARPER DIRECTOR 1.00 X 0 0 0 TRICE STABLER DIRECTOR 1.00 X 0 0 0 GIA WIGGINS 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 MARY WALLACE HANNON DIRECTOR 1.00 X 0 0 0 KRISTI GALLOWAY 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 GEORGE HUNTER DIRECTOR 1.00 X 0 0 0 TODD GREER EXECUTIVE DIRECTOR 40.00 X 170688 0 0 170688 0 0 1 0 1 0 GENER8TOR 821 E WASHINGTON AVENUE MADISON WI 53703 EDUCATIONAL PROGRAMS 379350 SOUTHERN BAY CONSTRUCTION INC 1343 WALKER ROAD IRVINGTON AL 36544 CONSTRUCTION SERVICES 219165 BUILDERS AND BACKERS STUDIO LLC 1405 FERN STREET 94389 ARLINGTON VA 22202 EDUCATIONAL PROGRAMS 195000 3 200000 1454275 1654275 DUES - PROGRAMS 611430 328824 328824 328824 8409 8409 217990 0 217990 217990 217990 MISCEALLANEOUS 611430 3336 3336 3336 2212834 550150 0 8409 X 174000 78442 86858 8700 417529 417529 43954 38192 5391 371 48781 41264 6874 643 32615 32615 49464 49464 543426 512125 26935 4366 45557 13667 31890 29830 11209 17551 1070 27777 27777 204534 184080 20454 10108 10108 6138 5524 614 173482 156134 17348 54984 49486 5498 STIPENDS - PRE-ACCELERA 123177 123177 MEALS 26536 24660 1876 BAD DEBT EXPENSE 26513 26513 DUES & SUBSCRIPTIONS 18524 6175 6175 6174 149 149 2057078 1671772 330216 55090 1854207 358031 101580 1482031 1900 4280 73373 128077 7174848 454270 6533607 6720578 193175 0 8757842 8692997 55648 43096 1337610 1104523 104294 40201 1497552 1187820 X 434473 766706 6825817 6738471 7260290 7505177 8757842 8692997 X 155756 89131 X 0 1 X 1 0 X 7342880 1119957 1654275 10117112 7342880 1119957 1654275 10117112 147456 9969656 1700 8409 10109 10127221 1434453 0.98440 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 442000 442000 6682308 442387 6239921 50540 11883 38657 6720578 X 2212834 0 2212834 0 2212834 2057078 0 2057078 0 2057078 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 2021-2024 REMAIN OPEN TO EXAMINATION. 1 X 0 0 0 0 0 0 0 1 0 TODD GREER EXECUTIVE DIRECTOR 161288 0 9400 0 0 0 0 0 0 0 170688 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 B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWED AND APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON AN ANNUAL PERFORMANCE EVALUATION COMPLETED BY THE BOARD AND EXECUTIVE COMMITTEE. THE PORTAL IS ADOPTING A FORMAL WRITTEN COMPENSATION REVIEW POLICY THAT WILL INCORPORATE EXTERNAL COMPARABILITY DATA AND CONTEMPORANEOUS MEETING MINUTES SO THAT FUTURE COMPENSATION DECISIONS SATISFY ALL ELEMENTS OF TREAS. REG. 53.4958-6. 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 4,150. TOTAL EXPENSES 4,150. THIRD PARTY PROGRAM FEES: PROGRAM SERVICE EXPENSES 452,481. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 452,481. CONSULTANTS: PROGRAM SERVICE EXPENSES 35,120. MANAGEMENT AND GENERAL EXPENSES 23,281. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,401. PAYROLL FEES: PROGRAM SERVICE EXPENSES 24,524. MANAGEMENT AND GENERAL EXPENSES 3,654. FUNDRAISING EXPENSES 216. TOTAL EXPENSES 28,394. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT TO REFLECT TIMING OF MBDA REVENUE RECOGNIZED 89,131.