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Nonprofit · EIN 99-3375694

2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH

Tax-exempt · FAIRFIELD, AL 35064

Financials

$852K$229K2024
Revenue Expenses · by fiscal year end
Financials of 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$851,800$228,611$623,189$663,981$38,726$625,255
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$851,800
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$46,661
Salaries, compensation and benefits (total)
$67,600
Professional fundraising fees
$0
Legal fees
$1,347
Accounting fees
$5,540
Occupancy
$5,730
Travel
$14,785
Program services (functional)
$114,885
Management and general (functional)
$113,726

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$663,981
Total liabilities, end of year
$38,726
Net assets, end of year
$625,255
Gross receipts
$851,800
Employees
1
Year formed
2024
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERSKINE FAUSH JRCEO
Officer
40$46,661

Address and contacts

Address (IRS master file)
5500 MYRON MASSEY BLVD, FAIRFIELD, AL 35064-2621
In care of
% ERSKINE FAUSH
Principal officer (990 for 2024)
ERSKINE FAUSH JR, 5500 MYRON MASSEY BLVD, FAIRFIELD, AL 35064
Signed the 990
DARLENE L WILSON, CFO
Phone
(205) 925-7263
Return prepared by
DC FINANCE MANAGEMENT LLC

Mission

To foster a thriving innovation economy for colleges and universities, particulary in the state of Alabama connecting researchers to founders and founders to funders to foster successful entrepreneurs, businessed and communities.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide techincal assistance to entrepreneurs, businesses and communities. Offer events to cohort participants including AI Yard Fest and the Future Forward Summit. Participants receive extensive services from legal,accounting and marketing to ensure their stability and scalability.
    Expenses $228,611 · revenue $851,800

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

IRS record

EIN
99-3375694
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)
Education (B99)
Assets (IRS master file)
$663,981
Income (IRS master file)
$851,800

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$851,800$228,611$663,981IRS

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 99-3375694).

Questions about 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH

What is the EIN of 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH?
The employer identification number (EIN) of 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH is 99-3375694.
Is 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH 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 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH 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 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH 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 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH?
The 990 for the year ended December 31, 2024 names ERSKINE FAUSH JR.
Who are the officers and directors of 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $46,661 (ERSKINE FAUSH JR, CEO).
How much revenue does 2150 CENTER FOR INNOVATION COMMERCIALIZATION & GROWTH have?
On its 990 for the year ended December 31, 2024 it reported revenue of $851,800, expenses of $228,611 and total assets of $663,981 at year end.

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