Innovation Coast Inc
- Assets
- $17.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Pensacola, FL
- Founding
- 06/2014
- Data as of
- 12/2018
- EIN
- 46-1854723
Organization Overview
Innovation Coast Inc is located in Pensacola, FL. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovation Coast Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Innovation Coast Inc generated $13.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $48.6k during the year ending 12/2018. While expenses have increased by 11.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW, SUSTAIN, AND SHOWCASE THE SUCCESSFUL, VIBRANT COMMUNITY OF TECHNOLOGY AND KNOWLEDGE-BASED COMPANIES AND PROFESSIONALS IN NORTHWEST FLORIDA.
Describe the Organization's Program Activity:
Part 3
INNOVATION AWARDS BUSINESS PLAN COMPETITION TO HIGHLIGHT AND ASSIST NEW AND EXPANDING TECHNOLOGY AND KNOWLEDGE-BASED BUSINESSES ATTRACT EQUITY AND VENTURE CAPITAL EXPOSURE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert David Treasurer/current Executive Directo | 20 | $16,154 | |
Bill Wein Chair | 2 | $0 | |
Ryan Tilley Vice Chair | 2 | $0 | |
Doug Bates Secretary/general Counsel | 1 | $0 | |
Jim Mcclellan Past President | 1 | $0 | |
Niels Anderson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,257 |
| Total Program Service Revenue | $0 |
| Membership dues | $12,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,257 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,846 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,737 |
| Total expenses | $48,583 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,450 |
| Other assets | $0 |
| Total assets | $17,450 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,450 |
Grants Awarded
Over the last fiscal year, Innovation Coast Inc has awarded $160,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PENSACOLA BAY OYSTER CO PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $100,000 |
COGNITIVE BIG DATA PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $25,000 |
NEUBEV COMPANY PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $15,000 |
MINE SURVIVAL INC PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $10,000 |
HALO PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $5,000 |
INVICTUS PURPOSE: TO SUPPORT THE ORGANIZATION'S GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Renaissance Learning Center Inc Jupiter, FL | $2,830,246 | $5,315,115 |
South Florida Bible College & Theological Seminary Deerfield Beach, FL | $14,829,232 | $12,057,041 |
Innovations For Learning Inc Odessa, FL | $7,585,037 | $2,086,723 |
Florida League Of International Baccalaureate Schools Inc Clearwater, FL | $1,934,067 | $2,961,719 |
Library And Information Resources Network Inc Clearwater, FL | $1,570,735 | $3,169,409 |
Lighthouse Academies Land O Lakes, FL | $3,426,213 | $3,123,865 |
Impact Florida Inc Tallahassee, FL | $2,740,879 | $3,235,545 |
Academy Prep Center Of Tampa Inc Tampa, FL | $7,772,771 | $3,246,003 |