Nonprofit · EIN 63-0917530
INNOVATION DEPOT INC
Tax-exempt · BIRMINGHAM, AL 35203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,461,497 | $4,249,098 | $212,399 | $18,832,571 | $5,252,734 | $13,579,837 |
| December 31, 2024 | 990 | $4,662,387 | $3,866,336 | $796,051 | $16,676,067 | $3,308,629 | $13,367,438 |
| December 31, 2023 | 990 | $5,731,968 | $3,233,777 | $2,498,191 | $16,239,208 | $3,667,821 | $12,571,387 |
| December 31, 2022 | 990 (amended) | $1,182,427 | $1,760,090 | -$577,663 | $14,237,950 | $4,164,754 | $10,073,196 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,161,600
- Program service revenue
- $3,139,407
- Investment income
- $160,490
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $920,048
- Salaries, compensation and benefits (total)
- $1,041,727
- Professional fundraising fees
- $0
- Legal fees
- $37,301
- Accounting fees
- $134,434
- Occupancy
- $950,189
- Travel
- $15,382
- Depreciation
- $644,634
- Program services (functional)
- $3,349,317
- Management and general (functional)
- $745,963
- Fundraising (functional)
- $153,818
Balance sheet and other
- Total assets, start of year
- $16,676,067
- Total assets, end of year
- $18,832,571
- Total liabilities, end of year
- $5,252,734
- Net assets, end of year
- $13,579,837
- Land, buildings and equipment
- $12,489,403
- Net assets without donor restrictions
- $12,164,718
- Net assets with donor restrictions
- $1,415,119
- Gross receipts
- $4,461,497
- Employees
- 8
- Year formed
- 1985
- State of legal domicile
- AL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BROOKE GILLIS | CEO Officer | 40 | $331,400 |
| HANNY AKL | BOARD MEMBER Trustee or director | 1 | $0 |
| MAGGIE BELSHE | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRIS BROWN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| CORI FAIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN GEISEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH GIRVIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MILLER GIRVIN | BOARD MEMBER Trustee or director | 1 | $0 |
| BEBE GOODRICH | BOARD MEMBER Trustee or director | 1 | $0 |
| DEON GORDON | BOARD MEMBER Trustee or director | 1 | $0 |
| COREATA HOUSER | BOARD MEMBER Trustee or director | 1 | $0 |
| WAYMOND JACKSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SRI KARRA | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID KNIGHT | BOARD MEMBER Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN MASSEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN MCDONALD | BOARD MEMBER Trustee or director | 1 | $0 |
| CLAYTON MOBLEY | BOAARD MEMBE Trustee or director | 1 | $0 |
| KATHY NUGENT | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE PRICE | BOARD MEMBER Trustee or director | 1 | $0 |
| LEE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| WILL WRIGHT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gillis Brooke | Chief Executive Officer Officer | 40 | $281,000 |
| Guerin Russell Abby | Chief Development Officer Officer | 40 | $158,050 |
| Geisen Jonathan | Board Member Trustee or director | 1 | $0 |
| Akl Hanny | Board Member Trustee or director | 1 | $0 |
| Wright Will | Chair Trustee or director, Officer | 3 | $0 |
| Girvin Miller | Board Member Trustee or director | 1 | $0 |
| Davis Tiffany | Board Member Trustee or director | 1 | $0 |
| Bouknight Nathan | Board Member Trustee or director | 1 | $0 |
| Hernandez Andy | Board Member Trustee or director | 1 | $0 |
| Brown Chris | Board Member Trustee or director | 1 | $0 |
| Karra Sri | Board Member Trustee or director | 1 | $0 |
| Mobley Clayton | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gillis Brooke | CEO Officer | 40 | $254,334 |
| Childs James | Board member Trustee or director | 1 | $0 |
| Geisen Jonathan | Board member Trustee or director | 1 | $0 |
| McDonald John | Board member Trustee or director | 1 | $0 |
| McGlaun Scott | Board member Trustee or director | 1 | $0 |
| Owen John | Board member Trustee or director | 1 | $0 |
| Price Gene | Board member Trustee or director | 1 | $0 |
| Simth Lee | Board member Trustee or director | 1 | $0 |
| Watts Ray | Board member Trustee or director | 1 | $0 |
| Wright Will | Vice Chair Trustee or director, Officer | 3 | $0 |
| Girvin Josh | Chair Trustee or director, Officer | 3 | $0 |
| Goodrich Bebe | Immediate Past Chair Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2022: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Akl Hanny | Board member Trustee or director | 1 | $0 |
| Belshe Maggie | Board member Trustee or director | 1 | $0 |
| Bouknight Nathan | Board member Trustee or director | 1 | $0 |
| Brown Chris | Board member Trustee or director | 1 | $0 |
| Childs James | Board member Trustee or director | 1 | $0 |
| Cranford Adam | Board member Trustee or director | 1 | $0 |
| Fain Cori | Board member Trustee or director | 1 | $0 |
| Geisen Jonathan | Board member Trustee or director | 1 | $0 |
| Girvin Miller | Board member Trustee or director | 1 | $0 |
| Gordon Deon | Board member Trustee or director | 1 | $0 |
| Hernandez Andy | Board member Trustee or director | 1 | $0 |
| Houser Coreata | Board member Trustee or director | 1 | $0 |
| Jack Eric | Board member Trustee or director | 1 | $0 |
| Jackson Waymond | Board member Trustee or director | 1 | $0 |
| Jones Josh | Board member Trustee or director | 1 | $0 |
| Knight David | Board member Trustee or director | 1 | $0 |
| Karra Sri | Board member Trustee or director | 1 | $0 |
| McDonald John | Board member Trustee or director | 1 | $0 |
| McGlaun Scott | Board member Trustee or director | 1 | $0 |
| McKinney Danny | Board member Trustee or director | 1 | $0 |
| Mobley Clayton | Board member Trustee or director | 1 | $0 |
| Nugent Kathy | Board member Trustee or director | 1 | $0 |
| Price Gene | Board member Trustee or director | 1 | $0 |
| Simth Lee | Board member Trustee or director | 1 | $0 |
| Davis Tiffany Wilder | Board member Trustee or director | 1 | $0 |
| Summerville Britney | Board member Trustee or director | 1 | $0 |
| Watts Ray | Board member Trustee or director | 1 | $0 |
| Wright Will | Vice Chair Trustee or director, Officer | 3 | $0 |
| Girvin Josh | Chair Trustee or director, Officer | 3 | $0 |
| Goodrich Bebe | Immediate Past Chair Trustee or director, Officer | 3 | $0 |
| Gillis Brooke | CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 1ST AVENUE NORTH, BIRMINGHAM, AL 35203-1865
- Principal officer (990 for 2025)
- BROOKE GILLIS, 1500 1ST AVENUE NORTH, BIRMINGHAM, AL 35203
- Signed the 990
- BROOKE GILLIS, CEO
- Phone
- (205) 250-8000
- Return prepared by
- TTPA ADVISORS & CPAS LLC
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.
Program accomplishments
- 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.Expenses $3,349,317 · revenue $3,139,407
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 | 990 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
- 63-0917530
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,832,571
- Income (IRS master file)
- $4,461,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,461,497 | $4,249,098 | $18,832,571 | XML |
| 990 | December 2024 | $4,662,387 | $3,866,336 | $16,676,067 | IRS |
| 990 | December 2023 | $5,731,968 | $3,233,777 | $16,239,208 | XML |
| 990 | December 2022 | $1,182,427 | $1,760,090 | $14,237,950 | XML |
| 990 | June 2022 | $2,997,256 | $3,442,568 | $15,060,564 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 63-0917530).
Questions about INNOVATION DEPOT INC
- What is the EIN of INNOVATION DEPOT INC?
- The employer identification number (EIN) of INNOVATION DEPOT INC is 63-0917530.
- Is INNOVATION DEPOT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to INNOVATION DEPOT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION DEPOT 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 DEPOT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATION DEPOT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INNOVATION DEPOT INC?
- The 990 for the year ended December 31, 2025 names BROOKE GILLIS.
- Who are the officers and directors of INNOVATION DEPOT INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 1 received compensation from the organization, the highest $331,400 (BROOKE GILLIS, CEO).
- How much revenue does INNOVATION DEPOT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,461,497, expenses of $4,249,098 and total assets of $18,832,571 at year end.
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