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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 93-2925715

INNOVEST AFRIKA

Tax-exempt · SUGAR LAND, TX 77478

Financials

$11K$41K2024
Revenue Expenses · by fiscal year end
Financials of INNOVEST AFRIKA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$10,561$41,192-$30,631$0$30,631-$30,631
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,000
Program service revenue
$2,561
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$9,185
Professional fees and payments to contractors
$5,236
Occupancy
$8,066
Printing, publications and postage
$562
Other expenses
$18,143
Program services (functional)
$28,092

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$0
Total liabilities, end of year
$30,631
Net assets, end of year
-$30,631
Gross receipts
$10,561

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Femi MoitoPresident40$0
Lanre OdekunleTresurer0.2$0
Bobwealth OmonteseSecretary0.2$0

Address and contacts

Address (IRS master file)
14090 SOUTHWEST FWY STE 300, SUGAR LAND, TX 77478-3679
In care of
% MT3 CAPITAL LLC
Signed the 990-EZ
Femi Moito, Founder
Phone
(302) 601-0008

Mission

Innovest Ignite is Innovest Afrika's premier accelerator program, designed to identify, support, and fund the most promising African-founded startups in the United States and Africa. Annually, we select startups in cohort across different cities to accelerate. These startups undergo a rigorous program that includes intensive training modules, mentorship sessions, and one-on-one coaching. The curriculum is crafted to address the unique challenges faced by African founded startups. We also work connect all participating startups with our network of investors to secure further funding and investment opportunities where possible. Startups are also paired with experienced mentors from a diverse array of industries experts relevant to their business. Mentors provide personalized guidance, share industry insights, and help them refine their business strategies.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • In 2024, we conducted 2 accelerator programs where we trained, mentored and coached 35 startups.
    Expenses $28,092

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024Check at the IRS

File the 2025 990-N for INNOVEST AFRIKA

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
93-2925715
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-N (e-Postcard)
Assets (IRS master file)
$1
Income (IRS master file)
$10,561

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$10,561$41,192$0IRS

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 93-2925715).

Questions about INNOVEST AFRIKA

What is the EIN of INNOVEST AFRIKA?
The employer identification number (EIN) of INNOVEST AFRIKA is 93-2925715.
Is INNOVEST AFRIKA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to INNOVEST AFRIKA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INNOVEST AFRIKA file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of INNOVEST AFRIKA 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 INNOVEST AFRIKA last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of INNOVEST AFRIKA?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does INNOVEST AFRIKA have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $10,561, expenses of $41,192 and total assets of $0 at year end.

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