2026-04-21T14:28:43+00:00 2024-06-30 440160260 Forvis Mazars LLP 1400 Meadowbrook Road Suite 300 Jackson MS 392116349 990 2023-07-01 640901569 Innovate Mississippi INNO 6019603644 121 NORTH STATE STREET 500 JACKSON MS 392012811 James Anthony Jeff Jr President 6019603644 2026-04-21 true true Peyton Parks P01850908 6019486700 2026-04-21 2023 2025-03-06 01:10:19Z X JAMES ANTHONY JEFF JR 121 NORTH STATE STREET 500 JACKSON MS 392012811 4612877 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. X 10 9 14 9 10500 0 1707773 4347062 97562 80614 0 136917 192872 48284 1998207 4612877 447683 182500 0 0 569928 597435 0 0 0 665749 1205038 1683360 1984973 314847 2627904 1521742 6776335 1011781 5664468 509961 1111867 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 1662273 182500 112749 SEE SCHEDULE O 1662273 true true false false false false false false false true false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false true true true true false false false true 39 0 true 14 true true true false false false false false false false X 10 9 false false false false false false false true true false false false true true true false false true true 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 136602 0 23765 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 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 JANET PARKER SECRETARY 40.0 X 100078 0 10371 LINDSEY W BENEFIELD INVESTMENT DIRECTOR 40.0 X 100210 0 4476 Robert H Buseck MS Coding Academies Executive Director 40.0 X 115710 0 11450 452600 0 50062 4 false true false Anne Turner PC 154 N CASTLE DRIVE MADISON MS 39110 LEGAL SERVICES 285477 1 0 0 0 0 4109735 237327 5327 4347062 PROGRAM SERVICE REVENUE 900099 64465 64465 POINTE INNOVATION 541800 16149 10500 5649 0 0 0 0 80614 136917 136917 0 0 0 0 CONTINGENCIES RECOVERY 900099 31100 31100 OTHER INCOME 900099 17184 17184 0 0 0 0 48284 4612877 112749 10500 142566 179000 179000 3500 3500 265246 170715 94531 261928 261928 13547 13547 18357 18357 38357 29918 8439 288064 288011 53 74519 -115 74634 5588 0 5588 0 3298 3238 60 7459 3364 4095 8848 3912 4936 68545 53463 15082 24879 19035 5844 83343 73476 9867 41 41 8221 8221 CONTRACTUAL SERVICES 596036 518841 77195 DUES AND SUBSCRIPTIONS 12261 2484 9777 PRINTING & PUBLICATION 7130 6546 584 MEMBERSHIP FEES 3353 1800 1553 13453 11253 2200 0 1984973 1662273 322700 0 761680 6034229 0 538632 576546 0 0 0 0 4195 4204 15561 15561 40 0 0 950 0 217195 160406 1521742 6776335 747606 632915 44500 4866958 0 0 219675 164595 1011781 5664468 X 284501 848041 225460 263826 509961 1111867 1521742 6776335 X 2627904 0 0 0 2 -2026000 X false true X true true true X 1621856 1205534 1332832 1707773 2321062 8189057 0 0 1621856 1205534 1332832 1707773 2321062 8189057 0 8189057 136917 136917 43500 49250 41000 19000 10500 163250 18065 163 171 5303 5649 29351 8518575 1151504 0.9613 0.9724 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 18065.0, COLUMN B - 163.0, COLUMN C - 171.0, COLUMN D - 5303.0, COLUMN E - 5649.0, COLUMN F - 29351.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9441 9441 0 6120 6120 0 0 OPERATING LEASE LIABILITIES 164595 164595 true TEMPO LLC 316 GREGORY AVENUE STARKVILLE MS 39759 883661721 N/A 25000 SEE PART IV CANU LLC 101 E COURT ST STE C BROOKHAVEN MS 39601 861644896 N/A 25000 SEE PART IV VALTEP INC 333 EMERALD WAY BRANDON MS 39047 920753654 N/A 25000 SEE PART IV TRETECH INC 108 BENDWOOD CT JACKSON MS 39212 923596333 N/A 10000 SEE PART IV REBORNC LLC 66 BRIDGEFIELD TURN HATTIESBURG MS 39042 873244557 N/A 25000 SEE PART IV SELLVNTG LLC 2801 REED ST OXFORD MS 38655 921722911 N/A 25000 SEE PART IV UP4GRABS LLC 615 BERRIDGE DR RIDGELAND MS 39157 882924762 N/A 10000 SEE PART IV COBUILDERS FUND LLC 121 NORTH STATE STREET JACKSON MS 39201 932804955 N/A 5000 SEE PART IV 0 8 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. X X false false false false false false false false false JAMES ANTHONY JEFF JR PRESIDENT 136602 0 0 0 0 0 0 0 23765 0 160367 0 0 0 CASH 2024-06-30 2026000 ACTUAL COST 990685494 INVESTMS CAPITAL INVESTMENT LLC 121 NORTH STATE STREET SUITE 500 JACKSON MS 39201 C CORPORATION false false false false 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, Part XI, Line 9 Other changes in net assets or fund balances Transfer to InvestMS Capital Investment LLC - -2026000; Amended Return The organization if filing this amended Form 990 to reflect adjustments resulting from the final audit report that was issued after the original due date of the tax return. 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 4323 1258126 false false 0.1 NT CAPITAL OWNER LLC 3100 OLD CANTON RD STE 200 JACKSON MS 39216 INVESTMENTS MS NA Related 1137910 4513463 false false 0.95 CULLEYWOOD CAPITAL MS HOLDING LLC 3100 OLD CANTON ROAD SUITE 200 JACKSON MS 39216 INVESTMENTS MS NA Related 0 0 false false 0.95 false false false false false false false false false false false false false false false false false false false