Nonprofit · EIN 92-0903687
INNOVATION HUB FOUNDATION
Tax-exempt · PROVO, UT 84604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,069,184 | $843,102 | $226,082 | $256,231 | $30,149 | $226,082 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,019,134
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $50,050
- Other revenue
- $50,050
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $144,000
- Other salaries and wages
- $206,294
- Salaries, compensation and benefits (total)
- $387,882
- Professional fundraising fees
- $0
- Legal fees
- $3,490
- Occupancy
- $259,452
- Travel
- $32,266
- Depreciation
- $3,787
- Program services (functional)
- $843,102
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $256,231
- Total liabilities, end of year
- $30,149
- Net assets, end of year
- $226,082
- Land, buildings and equipment
- $73,203
- Net assets without donor restrictions
- $226,082
- Gross receipts
- $1,069,184
- Employees
- 9
- Year formed
- 2022
- State of legal domicile
- UT
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 |
|---|---|---|---|
| Corbin B Church | CEO Trustee or director, Officer | 0 | $144,000 |
| Kara Church | – Trustee or director, Highest-paid employee | 0 | $72,000 |
| Paul MacArthur | – Trustee or director, Officer | 0 | $0 |
| Timothy Whipple | – Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1608 W 1970 N, PROVO, UT 84604-5661
- In care of
- % CORBIN B CHURCH
- Principal officer (990 for 2024)
- Corbin B Church, 1089 S Carterville Road, Orem, UT 84097
- Signed the 990
- CORBIN B CHURCH, President
- Phone
- (801) 355-0105
- Return prepared by
- Global Business Solutions LLC
Mission
To facilitate and promote an environment that spurs inniovation for entrepreneurs.
Program accomplishments
- 200 Startups Engaged: From first-time founders to serial entrepreneurs, iHub has supported over 200 early-stage companies through programming, community connections, and mentorship. 300 Active Mentors: Utahs top business leaders, investors, and operators have come together to guide and grow the next generation of startups, donating time, insight, and support. Strategic Location in Provo: Positioned between BYU and UVU, iHub serves as a centralized innovation district for founders to learn, connect, and launch. Founders in Residence Program: A unique, low-barrier initiative where entrepreneurs receive workspace, personalized coaching, and access to capital connectionsall at no cost. Free Programming & Workshops: Dozens of educational events, pitch competitions, and accelerator sessions have equipped founders with tools to build sustainable businesses. Community Over Competition: iHub has fostered a culture where founders, funders, and faciliExpenses $843,102
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 | Check at the IRS |
IRS record
- EIN
- 92-0903687
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $256,231
- Income (IRS master file)
- $1,069,184
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,069,184 | $843,102 | $256,231 | XML |
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 92-0903687).
Questions about INNOVATION HUB FOUNDATION
- What is the EIN of INNOVATION HUB FOUNDATION?
- The employer identification number (EIN) of INNOVATION HUB FOUNDATION is 92-0903687.
- Is INNOVATION HUB FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to INNOVATION HUB FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATION HUB FOUNDATION 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 HUB FOUNDATION 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 HUB FOUNDATION 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 HUB FOUNDATION?
- The 990 for the year ended December 31, 2024 names Corbin B Church.
- Who are the officers and directors of INNOVATION HUB FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $144,000 (Corbin B Church, CEO).
- How much revenue does INNOVATION HUB FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,069,184, expenses of $843,102 and total assets of $256,231 at year end.
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All nonprofits in PROVO · Utah · Community improvement and capacity building