Nonprofit · EIN 99-2169596
PALMETTO INNOSPHERE INC
Tax-exempt · PIEDMONT, SC 29673
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $384,000 | $187,207 | $196,793 | $215,909 | $4,334 | $211,575 |
| December 31, 2024 | 990 | $335,000 | $325,394 | $9,606 | $14,782 | $0 | $14,782 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $204,000
- of which government grants
- $204,000
- Program service revenue
- $180,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $97,000
- Salaries, compensation and benefits (total)
- $122,053
- Professional fundraising fees
- $0
- Legal fees
- $52
- Accounting fees
- $42,850
- Travel
- $2,903
- Program services (functional)
- $149,861
- Management and general (functional)
- $19,008
- Fundraising (functional)
- $18,338
Balance sheet and other
- Total assets, start of year
- $14,782
- Total assets, end of year
- $215,909
- Total liabilities, end of year
- $4,334
- Net assets, end of year
- $211,575
- Net assets without donor restrictions
- $211,575
- Gross receipts
- $384,000
- Employees
- 2
- Year formed
- 2024
- State of legal domicile
- SC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILLIA HOLMES | COO Trustee or director, Officer | 40 | $62,000 |
| CECILIA ZAPATA-HARMS | CEO Trustee or director, Officer | 40 | $35,000 |
| MATTHEW CANNON | DIRECTOR Trustee or director | – | $0 |
| BRUCE HOLSTIEN | DIRECTOR Trustee or director | – | $0 |
| BOB HUGHES | DIRECTOR Trustee or director | – | $0 |
| EUGENE LUSKIN | DIRECTOR Trustee or director | – | $0 |
| ALLEN SMITH | DIRECTOR Trustee or director | – | $0 |
| STEVE TRAKAS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILLIA HOLMES | COO Trustee or director, Officer | 40 | $90,000 |
| CECILIA ZAPATA-HARMS | CEO Trustee or director, Officer | 40 | $90,000 |
| EUGENE LUSKIN | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 207 CYPRESS HOLLOW TRL, PIEDMONT, SC 29673-9831
- In care of
- % CECILIA ZAPATA-HARMS
- Principal officer (990 for 2025)
- CECILIA ZAPATA-HARMS, 207 CYPRESS HOLLOW TRL, PIEDMONT, SC 29673
- Signed the 990
- CECILIA ZAPATA-HARMS, CEO
- Phone
- (864) 918-4324
- Website
- WWW.INNOVASPHERE.ORG
- Return prepared by
- JENNINGS COOK & CO CPA'S PA
Mission
TO LEAD THE ADVANCEMENT AND GROWTH OF LIFE SCIENCE, BIOTECHNOLOGY AND DIGITAL HEALTH INNOVATION RESULTING IN CORPORATE SUCCESS AND ECONOMIC DEVELOPMENT FOR SOUTH CAROLINA AND THE SOUTHEAST REGION.
Program accomplishments
- CHAMPIONS OF LIFE SCIENCE START-UPS AND SCALE-UPS THAT NUTURES EACH COMPANY TOWARDS COMMERCIALIZATION.Expenses $149,861 · revenue $180,000
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 | 990 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
- 99-2169596
- 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)
- Science and technology (U03)
- Assets (IRS master file)
- $215,909
- Income (IRS master file)
- $384,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $384,000 | $187,207 | $215,909 | IRS |
| 990 | December 2024 | $335,000 | $325,394 | $14,782 | 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 99-2169596).
Questions about PALMETTO INNOSPHERE INC
- What is the EIN of PALMETTO INNOSPHERE INC?
- The employer identification number (EIN) of PALMETTO INNOSPHERE INC is 99-2169596.
- Is PALMETTO INNOSPHERE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to PALMETTO INNOSPHERE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALMETTO INNOSPHERE 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 PALMETTO INNOSPHERE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALMETTO INNOSPHERE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PALMETTO INNOSPHERE INC?
- The 990 for the year ended December 31, 2025 names CECILIA ZAPATA-HARMS.
- Who are the officers and directors of PALMETTO INNOSPHERE INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 2 received compensation from the organization, the highest $62,000 (LILLIA HOLMES, COO).
- How much revenue does PALMETTO INNOSPHERE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $384,000, expenses of $187,207 and total assets of $215,909 at year end.
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