2026-08-06T12:33:44-04:00 2025-12-31 394679311 TTPA ADVISORS & CPAS LLC 3000 RIVERCHASE GALLERIA STE 800 BIRMINGHAM AL 35244 990 2025-01-01 630917530 INNOVATION DEPOT INC INNO 2052508000 1500 1ST AVENUE NORTH BIRMINGHAM AL 35203 BROOKE GILLIS CEO 2052508000 2026-07-08 PATRICK BOWMAN P01264344 2057338265 2026-08-06 2025 2025-03-06 01:10:19Z BROOKE GILLIS 1500 1ST AVENUE NORTH BIRMINGHAM AL 35203 4461497 false X WWW.INNOVATION DEPOT.ORG X 1985 AL TO INCUBATE AND ACCELERATE TECH & 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. 22 21 8 0 2218381 1161600 2323683 3139407 120323 160490 0 4662387 4461497 0 0 938003 1041727 0 153818 2928333 3207371 3866336 4249098 796051 212399 16676067 18832571 3308629 5252734 13367438 13579837 X TO INCUBATE AND ACCELERATE TECH & BIO-FOCUED, HIGH GROWTH BUSINESS 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. false false 3349317 3139407 INNOVATION DEPOT IS A BUSINESS INCUBATION PROGRAM OPERATING IN PARTNERSHIP WITH THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. THE PROGRAM IS HOUSED IN A 140,000 SQUARE FOOT FACILITY THAT FOCUSES ON THE DEVELOPMENT AND GROWTH OF EMERGING BIOTECH/LIFE SCIENCE, INFORMATION TECHNOLOGY, ENGINEERING TECHNOLOGY, AND BUSINESS SERVICE COMPANIES. THE PROGRAM PROVIDES AN OPPORTUNITY FOR THESE BUSINESSES TO DEVELOP, GROW, AND SUCCEED BY OFFERING MANAGEMENT ASSISTANCE, IDENTIFYING FINANCING OPTIONS, AND PROVIDING A BUSINESS INCUBATION CENTER. FUNDING IS PROVIDED BY THE BIRMINGHAM REGIONAL BUSINESS COMMUNITY, THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM, UAB, THE CITY OF BIRMINGHAM, AND OTHER PRIVATE FOUNDATIONS. 3349317 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false true 84 0 8 true false false false false false false false false X 22 21 false false false false false false false true true false false true true true true false false true true false X X BROOKE GILLIS 2052508000 1500 1ST AVENUE NORTH BIRMINGHAM AL 35203 BROOKE GILLIS CEO 40.00 X 331400 0 0 HANNY AKL BOARD MEMBER 1.00 X 0 0 0 MAGGIE BELSHE BOARD MEMBER 1.00 X 0 0 0 CHRIS BROWN BOARD MEMBER 1.00 X 0 0 0 BRIAN EDWARDS BOARD MEMBER 1.00 X 0 0 0 CORI FAIN BOARD MEMBER 1.00 X 0 0 0 JONATHAN GEISEN BOARD MEMBER 1.00 X 0 0 0 JOSH GIRVIN BOARD MEMBER 1.00 X 0 0 0 MILLER GIRVIN BOARD MEMBER 1.00 X 0 0 0 BEBE GOODRICH BOARD MEMBER 1.00 X 0 0 0 DEON GORDON BOARD MEMBER 1.00 X 0 0 0 COREATA HOUSER BOARD MEMBER 1.00 X 0 0 0 WAYMOND JACKSON BOARD MEMBER 1.00 X 0 0 0 SRI KARRA BOARD MEMBER 1.00 X 0 0 0 DAVID KNIGHT BOARD MEMBER 1.00 X 0 0 0 DAN MASSEY BOARD MEMBER 1.00 X 0 0 0 JOHN MCDONALD BOARD MEMBER 1.00 X 0 0 0 CLAYTON MOBLEY BOAARD MEMBE 1.00 X 0 0 0 KATHY NUGENT BOARD MEMBER 1.00 X 0 0 0 GENE PRICE BOARD MEMBER 1.00 X 0 0 0 LEE SMITH BOARD MEMBER 1.00 X 0 0 0 WILL WRIGHT BOARD MEMBER 1.00 X 0 0 0 331400 1 false true false 1161600 1161600 RENTAL INCOME 2644820 2644820 PROGRAM INCOME 494587 494587 3139407 160490 160490 4461497 3299897 920048 534622 249577 135849 20430 11870 5543 3017 51368 29845 13936 7587 49881 28985 13531 7365 37301 37301 134434 134434 136507 136507 14147 14147 75578 56633 18945 62668 62668 950189 950189 15382 677 14705 106807 106807 644634 644634 37705 37705 PROGRAMMING ACTIVITIES 733955 733955 SECURITY 169867 169867 DUES AND SUBSCRIPTIONS 63784 57797 5987 TAXES AND LICENSES 14664 14664 9749 1059 8690 4249098 3349317 745963 153818 359614 315255 3567575 5971459 31470 64557 56454 21798280 9308877 12652851 12489403 16676067 18832571 147080 285024 3161549 4967710 3308629 5252734 X 10579960 12164718 2787478 1415119 13367438 13579837 16676067 18832571 212399 X false true X true false X 590499 69000 3358643 2218381 1161600 7398123 2567232 1111893 2362093 2323683 3299897 11664798 3157731 1180893 5720736 4542064 4461497 19062921 19062921 241 138 9182 120323 160490 290374 241 138 9182 120323 160490 290374 3157972 1181031 5729918 4662387 4621987 19353295 0.98500 0.99120 0.02000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19614331 7809773 11804558 2183949 1499104 684845 12489403 UNEARNED REVENUE 2312514 LONG TERM DEBT LESS CURRENT PORTION 2001828 CURRENT PORTION OF LONG TERM DEBT 471975 SECURITY DEPOSITS 181393 4967710 4461497 4461497 4461497 4249098 4249098 4249098 false false false false false false false false false BROOKE GILLIS CEO 331400 331400 FORM 990 - ORGANIZATION'S MISSION TO INCUBATE AND ACCELERATE TECH & BIO-FOCUED, HIGH GROWTH BUSINESS 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. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO ANNUALLY REVIEW FOR CONFLICTS OF INTEREST. MEMBERS ARE REQUIRED TO REMOVE CONFLICT OR TENDER THEIR RESIGNATION. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS EVALUATES AND APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS IMPLEMENTS PAY RANGES FOR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ENTREPRENEURIAL CENTER 1500 1ST AVENUE NORTH BIRMINGHAM AL 35203 HOLDING CO AL N/A