Nonprofit · EIN 82-3400545
INNOVATION PORTAL INC
Tax-exempt · MOBILE, AL 36602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,212,834 | $2,057,078 | $155,756 | $8,692,997 | $1,187,820 | $7,505,177 |
| September 30, 2024 | 990 | $1,657,320 | $1,431,358 | $225,962 | $8,757,842 | $1,497,552 | $7,260,290 |
| September 30, 2023 | 990 | $7,691,520 | $657,192 | $7,034,328 | $7,101,797 | $67,469 | $7,034,328 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,654,275
- of which government grants
- $200,000
- Program service revenue
- $328,824
- Investment income
- $8,409
- Net rental income
- $217,990
- Other revenue
- $221,326
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $174,000
- Other salaries and wages
- $417,529
- Salaries, compensation and benefits (total)
- $684,264
- Professional fundraising fees
- $0
- Legal fees
- $32,615
- Accounting fees
- $49,464
- Occupancy
- $204,534
- Travel
- $10,108
- Depreciation
- $173,482
- Program services (functional)
- $1,671,772
- Management and general (functional)
- $330,216
- Fundraising (functional)
- $55,090
Balance sheet and other
- Total assets, start of year
- $8,757,842
- Total assets, end of year
- $8,692,997
- Total liabilities, end of year
- $1,187,820
- Net assets, end of year
- $7,505,177
- Land, buildings and equipment
- $6,720,578
- Net assets without donor restrictions
- $766,706
- Net assets with donor restrictions
- $6,738,471
- Gross receipts
- $2,212,834
- Employees
- 9
- Volunteers
- 55
- Year formed
- 2017
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD GREER | EXECUTIVE DIRECTOR Officer | 40 | $170,688 |
| WES CRONKITE | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| ELIZABETH THOMAS | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 |
| HAYLEY VAN ANTWERP | FOUNDING EXECUTIVE DIRECTO Trustee or director | 1 | $0 |
| HENRY O'CONNOR | IMMEDIATE PAST BOARD CHAIR Trustee or director | 1 | $0 |
| NEIL CHRISTOPHER | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL CHAMBERS | DIRECTOR Trustee or director | 1 | $0 |
| ABE HARPER | DIRECTOR Trustee or director | 1 | $0 |
| TRICE STABLER | DIRECTOR Trustee or director | 1 | $0 |
| GIA WIGGINS | DIRECTOR Trustee or director | 1 | $0 |
| HUNTER ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| ANITRA HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK SEALS | DIRECTOR Trustee or director | 1 | $0 |
| MARY WALLACE HANNON | DIRECTOR Trustee or director | 1 | $0 |
| KRISTI GALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE STASHAK | DIRECTOR Trustee or director | 1 | $0 |
| MEL WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HUNTER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD GREER | EXECUTIVE DIRECTOR Officer | 40 | $162,062 |
| WES CRONKITE | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ELIZABETH THOMAS | DIRECTOR Trustee or director | 1 | $0 |
| HAYLEY VAN ANTWERP | FOUNDING EXECUTIVE DIRECTOR Trustee or director | 1 | $0 |
| HENRY O'CONNOR | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL CHAMBERS | DIRECTOR Trustee or director | 1 | $0 |
| NEIL CHRISTOPHER | TREASURER Trustee or director, Officer | 1 | $0 |
| KRISTI GALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
| ABE HARPER | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HUNTER | DIRECTOR Trustee or director | 1 | $0 |
| FRANK LOTT | DIRECTOR Trustee or director | 1 | $0 |
| TRICE STABLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE STASHAK | DIRECTOR Trustee or director | 1 | $0 |
| MEL WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| GIA WIGGINS | DIRECTOR Trustee or director | 1 | $0 |
| MATT ZARZOUR | DIRECTOR Trustee or director | 1 | $0 |
| HUNTER ADAMS | DIRECTOR Trustee or director | 1 | $0 |
| ANITRA HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK SEALS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HENRY O'CONNOR | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| HAYLEY VAN ANTWERP | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL CHAMBERS | DIRECTOR Trustee or director | 1 | $0 |
| NEIL CHRISTOPHER | TREASURER Trustee or director, Officer | 1 | $0 |
| WES CRONKITE | DIRECTOR Trustee or director | 1 | $0 |
| CAROLINE CRUMLEY | DIRECTOR Trustee or director | 1 | $0 |
| KRISTI GALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
| COLEMAN GREENE | DIRECTOR Trustee or director | 1 | $0 |
| ABE HARPER | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE HUNTER | DIRECTOR Trustee or director | 1 | $0 |
| FRANK LOTT | DIRECTOR Trustee or director | 1 | $0 |
| TRICE STABLER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE STASHAK | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH THOMAS | DIRECTOR Trustee or director | 1 | $0 |
| MEL WASHINGTON | DIRECTOR Trustee or director | 1 | $0 |
| GIA WIGGINS | DIRECTOR Trustee or director | 1 | $0 |
| MATT ZARZOUR | DIRECTOR Trustee or director | 1 | $0 |
| TODD GREER | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 358 SAINT LOUIS ST, MOBILE, AL 36602-2825
- In care of
- % JOSEPH A MARENO
- Mailing address (990-N for 2022)
- 358 Saint Louis Street, Mobile AL 36602
- Principal officer (990 for 2024)
- TODD GREER, 358 ST LOUIS STREET, MOBILE, AL 36602
- Principal officer (990-N for 2022)
- Todd Greer, 358 Saint Louis Street, Mobile AL 36602
- Signed the 990
- TODD GREER, EXECUTIVE DIRECTOR
- Phone
- (251) 202-7165
- Website
- innovation-portal.com
- Return prepared by
- WILKINS MILLER LLC
Mission
INNOVATION PORTAL IS A NON-PROFIT INCUBATOR AND INNOVATION HUB ACCELERATING STARTUP GROWTH IN THE GULF COAST REGION THAT PROVIDES TARGETED ECONOMIC DEVELOPMENT RESEARCH AND PROGRAMMING TO ENCOURAGE SUCCESSFUL LAUNCH, DEVELOPMENT, AND SCALING OF LOCAL VENTURES THAT BENEFIT THE COMMUNITY. INNOVATION PORTAL IS RECOGNIZED AS A QUALIFIED LOCAL ECONOMIC DEVELOPMENT ORGANIZATION AS DEFINED BY THE INNOVATING ALABAMA ACT, SECTION 41-10-840, ET SEQ., CODE OF ALABAMA.
Program accomplishments
- INNOVATION PORTAL ADVANCED ITS MISSION TO CULTIVATE A ROBUST ENTREPRENEURIAL ECOSYSTEM IN COASTAL ALABAMA BY DELIVERING HIGH-IMPACT PROGRAMS AND SERVICES THAT SUPPORT EARLY-STAGE BUSINESS DEVELOPMENT AND LONG-TERM ECONOMIC VITALITY. OVER THE FISCAL YEAR, THE ORGANIZATION OPERATED SIX COHORT-BASED PROGRAMS, INCLUDING GBETA GULF COAST, IDEA ACCELERATOR, PORTAL FUND RISE, AND TECHACADEMY, DESIGNED TO GUIDE ENTREPRENEURS FROM IDEA TO EXECUTION. THROUGH THESE INITIATIVES, ALONG WITH THE REAL ADVICE MENTORING PROGRAM AND AVENTURE STUDIO FOCUSED ON INDUSTRY-SPECIFIC R&D INCLUDING A PROTOTYPE LAB AND AN ENTREPRENEUR-IN-RESIDENCE PROGRAM, INNOVATION PORTAL SUPPORTED OVER 75 ENTREPRENEURS AND VENTURES, ENGAGED MORE THAN 1,000 COMMUNITY MEMBERS, AND HOSTED OVER 125 EVENTS AND 75 EDUCATIONAL SESSIONS. THESE EFFORTS RESULTED IN MORE THAN $16 MILLION IN CAPITAL RAISED BY PARTICIPATING STARTUPS AND THE FORMAL LAUNCH OF 20 NEW BUSINESSES. THE ORGANIZATION ALSO ACHIEVED ITS GOAL OF EXPANDING ACCESS TO TECHNICAL ASSISTANCE AND RESOURCES, FORMING NEW PARTNERSHIPS WITH NATIONAL ORGANIZATIONS TO STRENGTHEN THE REGIONAL INNOVATION PIPELINE. INNOVATION PORTAL LAUNCHED THE SECOND YEAR OF THEIR REGIONALLY TAILORED ACCELERATOR PROGRAM FEATURING 10 COMPANIES ALIGNED WITH KEY GULF COAST INDUSTRIES. A MAJOR MILESTONE INCLUDED A MEMBER OF THE GBETA 2024 COHORT ASTRO AEROSPACE- RECEIVED A PHASE II SBIR GRANT THROUGH THE SPACE FORCE TO CONTINUE THEIR INCREDIBLE WORK AGGREGATING DATA THROUGH A CONSTELLATION OF SATELLITES. THE COMPANY IS CURRENTLY WORKING TO RAISE A ROUND OF CAPITAL AND BEGIN FABRICATING ITS SATELLITES THESE ACCOMPLISHMENTS REFLECT INNOVATION PORTAL'S STRATEGIC COMMITMENT TO FOSTERING INCLUSIVE INNOVATION, DRIVING BUSINESS GROWTH, AND CREATING LASTING ECONOMIC IMPACT FOR THE COMMUNITY.Expenses $1,671,772 · revenue $550,150
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 82-3400545
- 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
- 2018
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,692,997
- Income (IRS master file)
- $2,212,834
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,212,834 | $2,057,078 | $8,692,997 | XML |
| 990 | September 2024 | $1,657,320 | $1,431,358 | $8,757,842 | XML |
| 990 | September 2023 | $7,691,520 | $657,192 | $7,101,797 | XML |
| 990-N for 2022 Officer: Todd Greer | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Neil Christopher | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Neil Christopher | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-3400545).
Questions about INNOVATION PORTAL INC
- What is the EIN of INNOVATION PORTAL INC?
- The employer identification number (EIN) of INNOVATION PORTAL INC is 82-3400545.
- Is INNOVATION PORTAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INNOVATION PORTAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION PORTAL 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 PORTAL INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INNOVATION PORTAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of INNOVATION PORTAL INC?
- The 990 for the year ended September 30, 2025 names TODD GREER.
- Who are the officers and directors of INNOVATION PORTAL INC?
- The 990 for the year ended September 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $170,688 (TODD GREER, EXECUTIVE DIRECTOR).
- How much revenue does INNOVATION PORTAL INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,212,834, expenses of $2,057,078 and total assets of $8,692,997 at year end.
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