Nonprofit · EIN 82-0408497
IDAHO INNOVATION CENTER INC
Tax-exempt · IDAHO FALLS, ID 83401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $417,347 | $374,283 | $43,064 | $1,385,287 | $36,604 | $1,348,683 |
| May 31, 2024 | 990 | $390,030 | $376,058 | $13,972 | $1,339,474 | $47,448 | $1,292,026 |
| May 31, 2023 | 990 | $233,097 | $386,189 | -$153,092 | $1,308,755 | $30,701 | $1,278,054 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $328,289
- Investment income
- $35,772
- Net income from fundraising events
- $9,393
- Other revenue
- $53,286
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $91,875
- Other salaries and wages
- $85,939
- Salaries, compensation and benefits (total)
- $191,634
- Professional fundraising fees
- $0
- Accounting fees
- $4,791
- Occupancy
- $2,818
- Depreciation
- $41,713
- Program services (functional)
- $321,302
- Management and general (functional)
- $52,981
Balance sheet and other
- Total assets, start of year
- $1,339,474
- Total assets, end of year
- $1,385,287
- Total liabilities, end of year
- $36,604
- Net assets, end of year
- $1,348,683
- Land, buildings and equipment
- $407,791
- Net assets without donor restrictions
- $1,348,683
- Gross receipts
- $430,169
- Employees
- 8
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN MAGLEBY | BOARD MEMBER Trustee or director | 40 | $91,875 |
| BRIAN BATT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BRETT BAWDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE MALLARD | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN PEDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIC HESS | Chairman Trustee or director, Officer | 1 | $0 |
| MONTE YOUNG | Secretary Trustee or director, Officer | 1 | $0 |
990 for the year ended May 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYON REED | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| REBECCA CASPER | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF HART | BOARD MEMBER Trustee or director | 1 | $0 |
| BRETT BAWDEN | BOARD MEMBER Trustee or director | 0 | $0 |
| BRIAN BATT | BOARD MEMBER Trustee or director | 0 | $0 |
| SEAN COLETTI | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT SCHWARZE | VICE CHAIRMAN Trustee or director | 1 | $0 |
| BRYAN MAGLEBY | BOARD MEMBER Trustee or director | 40 | $0 |
| ERIC HESS | Chairman Trustee or director, Officer | 1 | $0 |
| MONTE YOUNG | Secretary Trustee or director, Officer | 1 | $0 |
| CATHERINE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN MAGLEBY | BOARD MEMBER Trustee or director | 40 | $90,000 |
| CHRISTIAN ASHCRAFT | BOARD MEMBER Trustee or director | 1 | $0 |
| BRYON REED | BOARD MEMBER Trustee or director | 1 | $0 |
| REBECCA CASPER | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF HART | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN COLETTI | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT SCHWARZE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ERIC HESS | Chairman Trustee or director, Officer | 1 | $0 |
| MONTE YOUNG | Secretary Trustee or director, Officer | 1 | $0 |
| CATHERINE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 N YELLOWSTONE HWY, IDAHO FALLS, ID 83401-1662
- In care of
- % CLIFFORD L WAY
- Principal officer (990 for 2024)
- BRYAN MAGLEBY, 2300 NORTH YELLOWSTONE, IDAHO FALLS, ID 834011624
- Signed the 990
- BRYAN MAGELBY, Director
- Website
- innovateidaho.org
- Return prepared by
- RUDD & COMPANY PLLC
Mission
ECONOMIC DEVELOPMENT
Program accomplishments
- SMALL BUSINESS INCUBATOR PROVIDING START-UP BUSINESSES A LOW RENT FACILITY TO DEVELOP INITIAL PHASE OF BUSINESS USING SHARED SERVICES AND ASSISSTANCE.Expenses $321,302 · revenue $328,290
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0408497
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,385,287
- Income (IRS master file)
- $430,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $417,347 | $374,283 | $1,385,287 | XML |
| 990 | May 2024 | $390,030 | $376,058 | $1,339,474 | XML |
| 990 | May 2023 | $233,097 | $386,189 | $1,308,755 | XML |
| 990 | May 2022 | $449,264 | $358,538 | $1,538,039 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 82-0408497).
Questions about IDAHO INNOVATION CENTER INC
- What is the EIN of IDAHO INNOVATION CENTER INC?
- The employer identification number (EIN) of IDAHO INNOVATION CENTER INC is 82-0408497.
- Is IDAHO INNOVATION CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to IDAHO INNOVATION CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IDAHO INNOVATION CENTER 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 IDAHO INNOVATION CENTER INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IDAHO INNOVATION CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of IDAHO INNOVATION CENTER INC?
- The 990 for the year ended May 31, 2025 names BRYAN MAGLEBY.
- Who are the officers and directors of IDAHO INNOVATION CENTER INC?
- The 990 for the year ended May 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $91,875 (BRYAN MAGLEBY, BOARD MEMBER).
- How much revenue does IDAHO INNOVATION CENTER INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $417,347, expenses of $374,283 and total assets of $1,385,287 at year end.
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All nonprofits in IDAHO FALLS · Idaho · Community improvement and capacity building