Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Innovate Charlotte Inc
990EZ • Fiscal year 2024 • EIN 83-2118860
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
59th percentile
Faster revenue growth than 59% of similar nonprofits.
Balance Sheet
Assets
Down$87,224
Down $9,935 (-10%) from 2023
Net Assets
Down$87,224
Down $9,935 (-10%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
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
Historical Trend
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
| Description | Grants | Expenses |
|---|---|---|
| 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
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JUAN GARZON | Executive Di | PT | $0 | - | - |
| DAVID JONES | Board Member | - | $0 | - | - |
| HOLLY ESKRIDGE | Board Member | - | $0 | - | - |
| DAN ROSELLI | Board Member | - | $0 | - | - |
| KEITH LUEDEMAN | Board 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.
| Path | # | Value |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JUAN GARZON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6469230679 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1213 W MOREHEAD ST |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | STE 500 380 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHARLOTTE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28204 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 97158 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 87224 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 111189 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -9934 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 35294 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 97158 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 87224 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 20100 |
| IRS990EZ/GrossReceiptsAmt | 0 | 134710 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 327 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 97158 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 87224 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 97158 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 87224 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 585 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JUAN GARZON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAVID JONES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | HOLLY ESKRIDGE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DAN ROSELLI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | KEITH LUEDEMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD CHAIR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 88405 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 260 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 23194 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | INNOVATE CHARLOTTE CONDUCTED HUNDREDS OF MENTORSHIP SESSIONS TOTALLING OVER 2270 VOLUNTEER HOURS BY 60 MEMBERS FOR 30 COMPANIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 20100 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 140507 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 144644 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 140507 |
| IRS990EZ/TotalRevenueAmt | 0 | 134710 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | INNOVATECHARLOTTE.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 111189 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 115294 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 106631 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 117215 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 184350 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 634679 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 812 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 23194 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 23194 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.96470 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 634679 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 111189 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 115294 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 106631 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 117215 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 184350 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 634679 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 657873 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JUAN GARZON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6469230679 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOVATE CHARLOTTE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 832118860 |
| ReturnHeader/Filer/PhoneNum | 0 | 6469230679 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1213 W MOREHEAD ST STE 500 380 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28204 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 463705845 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | POWDERLY VUCHNICH PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 112 S TRYON ST STE 1200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 282840005 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7047668220 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-06-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALEXANDER VUCHNICH |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-06-12T14:55:04-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $87,224
- Liabilities
- -
- Net assets
- $87,224
- Revenue
- $134,710
- Expenses
- $144,644
- Net income
- -$9,934