Nonprofit · EIN 64-0901569
INNOVATE MISSISSIPPI
Tax-exempt · JACKSON, MS 39201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,641,378 | $4,535,357 | $106,021 | $6,595,770 | $5,515,076 | $1,080,694 |
| June 30, 2024 | 990 (amended) | $4,612,877 | $1,984,973 | $2,627,904 | $6,776,335 | $5,664,468 | $1,111,867 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,483,125
- of which government grants
- $4,407,625
- Program service revenue
- $105,172
- Investment income
- $0
- Other revenue
- $53,081
Expenses
- Grants and similar amounts paid
- $339,000
- Compensation of officers, directors and key employees
- $240,620
- Other salaries and wages
- $458,047
- Salaries, compensation and benefits (total)
- $809,144
- Professional fundraising fees
- $0
- Legal fees
- $162,561
- Accounting fees
- $88,877
- Occupancy
- $70,077
- Travel
- $33,560
- Program services (functional)
- $3,930,418
- Management and general (functional)
- $604,939
Balance sheet and other
- Total assets, start of year
- $6,776,335
- Total assets, end of year
- $6,595,770
- Total liabilities, end of year
- $5,515,076
- Net assets, end of year
- $1,080,694
- Net assets without donor restrictions
- $974,673
- Net assets with donor restrictions
- $106,021
- Gross receipts
- $4,641,378
- Employees
- 19
- Volunteers
- 12
- Year formed
- 1998
- State of legal domicile
- MS
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES ANTHONY JEFF JR | PRESIDENT Trustee or director, Officer | 40 | $152,036 | $18,424 |
| Robert H Buseck | MS Coding Academies Executive Director Highest-paid employee | 40 | $122,059 | $14,197 |
| LINDSEY W BENEFIELD | INVESTMENT DIRECTOR Highest-paid employee | 40 | $114,032 | $11,367 |
| Victor Robinson | Investment Manager Highest-paid employee | 40 | $110,000 | $12,635 |
| JANET PARKER | SECRETARY Officer | 40 | $65,000 | $4,605 |
| ASHBY FOOTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD MCMULLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERARD GIBERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| Jamie Miller | Director Trustee or director | 1 | $0 | $0 |
| Joe Donovan | Director Trustee or director | 1 | $0 | $0 |
| JOHN WALTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA HIPP MAYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NASHLIE SEPHUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R MAYO FLINT III | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL M DEVAUGHAN-PATRICK | DIRECTOR Trustee or director | 1 | $0 |
| Rebekah Staples | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES ANTHONY JEFF JR | PRESIDENT Trustee or director, Officer | 40 | $136,602 | $23,765 |
| Robert H Buseck | MS Coding Academies Executive Director Highest-paid employee | 40 | $115,710 | $11,450 |
| JANET PARKER | SECRETARY Officer | 40 | $100,078 | $10,371 |
| LINDSEY W BENEFIELD | INVESTMENT DIRECTOR Highest-paid employee | 40 | $100,210 | $4,476 |
| ASHBY FOOTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD MCMULLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERARD GIBERT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN WALTERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA HIPP MAYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NASHLIE SEPHUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| R MAYO FLINT III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RACHEL M DEVAUGHAN-PATRICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 121 N STATE ST SUITE 500, JACKSON, MS 39201-2811
- In care of
- % JAMES ANTHONY JEFF JR
- Principal officer (990 for 2024)
- JAMES ANTHONY JEFF JR, 121 NORTH STATE STREET 500, JACKSON, MS 392012811
- Signed the 990
- James Anthony Jeff Jr, President
- Phone
- (601) 960-3644
- Website
- WWW.INNOVATE.MS
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- SEE SCHEDULE OExpenses $4,196,357 · grants $339,000 · revenue $155,221
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0901569
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U022)
- Assets (IRS master file)
- $6,595,770
- Income (IRS master file)
- $4,641,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,641,378 | $4,535,357 | $6,595,770 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $4,612,877 | $1,984,973 | $6,776,335 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,998,207 | $1,683,360 | $1,521,742 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 64-0901569).
Questions about INNOVATE MISSISSIPPI
- What is the EIN of INNOVATE MISSISSIPPI?
- The employer identification number (EIN) of INNOVATE MISSISSIPPI is 64-0901569.
- Is INNOVATE MISSISSIPPI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to INNOVATE MISSISSIPPI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATE MISSISSIPPI 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 INNOVATE MISSISSIPPI due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATE MISSISSIPPI last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INNOVATE MISSISSIPPI?
- The 990 for the year ended June 30, 2025 names JAMES ANTHONY JEFF JR.
- Who are the officers and directors of INNOVATE MISSISSIPPI?
- The 990 for the year ended June 30, 2025 lists 17 people; 5 received compensation from the organization, the highest $152,036 (JAMES ANTHONY JEFF JR, PRESIDENT).
- How much revenue does INNOVATE MISSISSIPPI have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,641,378, expenses of $4,535,357 and total assets of $6,595,770 at year end.
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All nonprofits in JACKSON · Mississippi · Science and technology