Nonprofit · EIN 46-2219934
INNOVATION CATALYST INC
Tax-exempt · BATON ROUGE, LA 70806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $162,977 | $276,401 | -$113,424 | $248,567 | $491,766 | -$243,199 |
| December 31, 2023 | 990 (amended) | $29,098 | $142,912 | -$113,814 | $89,820 | $219,595 | -$129,775 |
| December 31, 2022 | 990 | $20,060 | $142,854 | -$122,794 | $24,216 | $40,247 | -$16,031 |
| December 31, 2021 | 990 | $233,403 | $155,956 | $77,447 | $114,365 | $7,602 | $106,763 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $162,881
- Program service revenue
- $0
- Investment income
- $96
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $212,019
- Salaries, compensation and benefits (total)
- $225,680
- Professional fundraising fees
- $0
- Accounting fees
- $20,000
- Travel
- $613
- Program services (functional)
- $225,680
- Management and general (functional)
- $50,721
Balance sheet and other
- Total assets, start of year
- $89,820
- Total assets, end of year
- $248,567
- Total liabilities, end of year
- $491,766
- Net assets, end of year
- -$243,199
- Net assets without donor restrictions
- -$243,199
- Gross receipts
- $162,977
- Employees
- 1
- Year formed
- 2012
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM ELLISON | CEO Trustee or director, Officer | 20 | $0 |
| VENEETH IYENGAR | BOARD CHAIRMAN Trustee or director | 0.5 | $0 |
| STEPHANIE CARGILE | Director Trustee or director | 0.5 | $0 |
| MICHAEL MOLES | Director Trustee or director | 0.5 | $0 |
| JIM ODOM | Director Trustee or director | 0.5 | $0 |
| PRESTON CASTILLE | Director Trustee or director | 0.5 | $0 |
| PAIGE CARTER | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM ELLISON | CEO Trustee or director, Officer | 20 | $0 |
| VENEETH IYENGAR | BOARD CHAIRMAN Trustee or director | 0.5 | $0 |
| STEPHANIE CARGILE | Director Trustee or director | 0.5 | $0 |
| MICHAEL MOLES | Director Trustee or director | 0.5 | $0 |
| JIM ODOM | Director Trustee or director | 0.5 | $0 |
| PRESTON CASTILLE | Director Trustee or director | 0.5 | $0 |
| PAIGE CARTER | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WILLIAM ELLISON | CEO Trustee or director, Officer | 20 | $87,289 | $90,711 |
| VENEETH IYENGAR | BOARD CHAIRMAN Trustee or director | 0.5 | $0 | $0 |
| STEPHANIE CARGILE | Director Trustee or director | 0.5 | $0 | $0 |
| MICHAEL MOLES | Director Trustee or director | 0.5 | $0 | $0 |
| JIM ODOM | Director Trustee or director | 0.5 | $0 | $0 |
| PRESTON CASTILLE | Director Trustee or director | 0.5 | $0 | $0 |
| PAIGE CARTER | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WILLIAM ELLISON | CEO Trustee or director, Officer | 20 | $90,951 | $87,528 |
| VENEETH IYENGAR | BOARD CHAIRMAN Trustee or director | 0.5 | $0 | $0 |
| STEPHANIE CARGILE | Director Trustee or director | 0.5 | $0 | $0 |
| MICHAEL MOLES | Director Trustee or director | 0.5 | $0 | $0 |
| JIM ODOM | Director Trustee or director | 0.5 | $0 | $0 |
| PRESTON CASTILLE | Director Trustee or director | 0.5 | $0 | $0 |
| PAIGE CARTER | Director Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7117 FLORIDA BLVD, BATON ROUGE, LA 70806-4549
- Principal officer (990 for 2024)
- WILLIAM ELLISON, 7117 FLORIDA BLVD 202, BATON ROUGE, LA 708064549
- Signed the 990
- WILLIAM ELLISON, CEO
- Phone
- (225) 215-2465
- Website
- WWW.INNOVATIONCATALYST.US
- Return prepared by
- Pedelahore & Co LLP
Mission
TO ACCELERATE THE GROWTH OF THE LOUISIANA TECHNOLOGY-BASED ECONOMY BY IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.
Program accomplishments
- THE CATALYST FUND: A NON-PROFIT EVERGREEN SEED SLATED TO MAKE 3-4 INVESTMENTS PER YEAR IN EARLY-STAGE HIGH IMPACT LOUISIANA STARTUPS.Expenses $225,680
- WOMEN & MINORITY SUPPORT: CULTIVATE HIGH POTENTIAL WOMEN AND MINORITY ENTREPRENEURS, INCREASING THEIR AWARENESS AND ACCESS OF PROGRAMS IN ENTREPRENEURSHIP, COMPUTER SCIENCE AND ENGINEERING.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2219934
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $248,567
- Income (IRS master file)
- $162,977
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $162,977 | $276,401 | $248,567 | XML |
| 990 | December 2023 | $29,098 | $142,912 | $89,820 | XML |
| 990 | December 2022 | $20,060 | $142,854 | $24,216 | XML |
| 990 | December 2021 | $233,403 | $155,956 | $114,365 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2219934).
Questions about INNOVATION CATALYST INC
- What is the EIN of INNOVATION CATALYST INC?
- The employer identification number (EIN) of INNOVATION CATALYST INC is 46-2219934.
- Is INNOVATION CATALYST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to INNOVATION CATALYST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION CATALYST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INNOVATION CATALYST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATION CATALYST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INNOVATION CATALYST INC?
- The 990 for the year ended December 31, 2024 names WILLIAM ELLISON.
- Who are the officers and directors of INNOVATION CATALYST INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does INNOVATION CATALYST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $162,977, expenses of $276,401 and total assets of $248,567 at year end.
Other nonprofits in BATON ROUGE
- LOUISIANA SHERIFFS ASSOCIATION EIN 72-6013158 · last filed 990 for 2025
- RESEARCH PARK CORPORATION EIN 58-2087281 · last filed 990 for 2024
- URBAN RESTORATION ENHANCEMENT CORPORATION EIN 72-1223347 · last filed 990 for 2025
- LOUISIANA ASSOCIATION OF BUSINESS AND INDUSTRY EIN 72-0780313 · last filed 990 for 2024
- LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION EIN 26-3239839 · last filed 990 for 2024
- GREATER BATON ROUGE ECONOMIC FOUNDA TION EIN 72-1270359 · last filed 990 for 2024
- LOUISIANA AUTOMOBILE DEALERS ASSN INC 805 FIRST NATIONAL LIFE BUILDI EIN 72-0404475 · last filed 990 for 2024
- LSU RESEARCH FOUNDATION EIN 46-0512010 · last filed 990-PF for 2024
All nonprofits in BATON ROUGE · Louisiana · Community improvement and capacity building