Civic Intelligence

Innovate Charlotte Inc

EIN 83-2118860 • 501(c)3 • Charlotte, NC

Profile

Innovative charlotte (inclt) is a nonprofit with a mission to enhance, elevate, and accelerate entrepreneurial success in greater charlotte region. Its focus is on cultivating an intentionally inclusive and high impace ecosystem that stimulates innovation, economic growth and societal change. Innovate charlotte seeks to serve as the ecosystem connector - a central hub from which diverse stakeholders' efforts can be synchonized to maximize collective impace.

1213 W Morehead St Ste 500 380Charlotte, NC 28204

inclt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

33rd percentile

-7.4%

Higher net margin than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

38th percentile

-10%

Faster asset growth than 38% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

16%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$87,224

Down $9,935 (-10%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$87,224

Down $9,935 (-10%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin33rd percentile

Revenue

Up

$134,710

Up $19,034 (+16%) from 2023

Expenses

Up

$144,644

Up $109,477 (+311%) from 2023

Net Income

Down

-$9,934

Down $90,443 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2019: $59,787Net Assets 2019: $59,7872019Assets 2021: $44,150Net Assets 2021: $44,1502021Assets 2022: $16,652Net Assets 2022: $16,6522022Assets 2023: $97,159Net Assets 2023: $97,1592023Assets 2024: $87,224Net Assets 2024: $87,2242024

Highlighted filing

2024

Assets$87,224
Liabilities-
Net Assets$87,224
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2019: $90,659Expenses 2019: $34,824Net Income 2019: $55,8352019Revenue 2021: $117,270Expenses 2021: $188,012Net Income 2021: -$70,7422021Revenue 2022: $106,677Expenses 2022: $134,175Net Income 2022: -$27,4982022Revenue 2023: $115,676Expenses 2023: $35,167Net Income 2023: $80,5092023Revenue 2024: $134,710Expenses 2024: $144,644Net Income 2024: -$9,9342024

Highlighted filing

2024

Revenue$134,710
Expenses$144,644
Net Income-$9,934
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,224
Liabilities
-
Net assets
$87,224
Revenue
$134,710
Expenses
$144,644
Net income
-$9,934
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.87$1.35$1.45$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.97$1.16$0.35$0.81
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.17$1.07$1.34$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.44$1.17$1.88$0.71
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.60$0.91$0.35$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 12, 2025
Return Version
2024v5.0
Gross Receipts
$134,710
Mission and Program Overview

Mission

Innovative charlotte (inclt) is a nonprofit with a mission to enhance, elevate, and accelerate entrepreneurial success in greater charlotte region. Its focus is on cultivating an intentionally inclusive and high impace ecosystem that stimulates innovation, economic growth and societal change. Innovate charlotte seeks to serve as the ecosystem connector - a central hub from which diverse stakeholders' efforts can be synchonized to maximize collective impace.

Program Services

DescriptionGrantsExpenses
INNOVATE CHARLOTTE CONDUCTED HUNDREDS OF MENTORSHIP SESSIONS TOTALLING OVER 2270 VOLUNTEER HOURS BY 60 MEMBERS FOR 30 COMPANIES.$20,100$140,507
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUAN GARZONExecutive DiPT$0--
DAVID JONESBoard Member-$0--
HOLLY ESKRIDGEBoard Member-$0--
DAN ROSELLIBoard Member-$0--
KEITH LUEDEMANBoard Chair-$0--
Filing and Contact Details

Filer

Filer Name
Innovate Charlotte Inc
EIN
83-2118860
Phone
6469230679
Address
1213 W MOREHEAD ST STE 500 380, CHARLOTTE, NC 28204

Signing Officer

Name
Juan Garzon
Title
Executive Director
Phone
6469230679
Signed
2025-06-12

Preparer

Firm
Powderly Vuchnich Pllc
Address
112 S TRYON ST STE 1200, CHARLOTTE, NC 28284-0005
Preparer
Alexander Vuchnich
Phone
7047668220
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 8,567 office expenses 1,582 event expense 69,101 insurance 957 bank fees 158 dues & subscriptions 3,022 meals 4,288 travel 730 total 88,405”

Form 990-ez, Part III

“Innovative charlotte (inclt) is a nonprofit with a mission to enhance, elevate, and accelerate entrepreneurial success in greater charlotte region. Its focus is on cultivating an intentionally inclusive and high impace ecosystem that stimulates innovation, economic growth and societal change. Innovate charlotte seeks to serve as the ecosystem connector - a central hub from which diverse stakeholders' efforts can be synchonized to maximize collective impace.”

Raw XML Appendix143 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 8,567 OFFICE EXPENSES 1,582 EVENT EXPENSE 69,101 INSURANCE 957 BANK FEES 158 DUES & SUBSCRIPTIONS 3,022 MEALS 4,288 TRAVEL 730 TOTAL 88,405
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INNOVATIVE CHARLOTTE (INCLT) IS A NONPROFIT WITH A MISSION TO ENHANCE, ELEVATE, AND ACCELERATE ENTREPRENEURIAL SUCCESS IN GREATER CHARLOTTE REGION. ITS FOCUS IS ON CULTIVATING AN INTENTIONALLY INCLUSIVE AND HIGH IMPACE ECOSYSTEM THAT STIMULATES INNOVATION, ECONOMIC GROWTH AND SOCIETAL CHANGE. INNOVATE CHARLOTTE SEEKS TO SERVE AS THE ECOSYSTEM CONNECTOR - A CENTRAL HUB FROM WHICH DIVERSE STAKEHOLDERS' EFFORTS CAN BE SYNCHONIZED TO MAXIMIZE COLLECTIVE IMPACE.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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