NCInnovation Inc

Fiscal year ending 2024. Filed on September 9, 2025.

PO Box 14288
Research Triangle Park, North Carolina 27709

NCInnovation Inc (EIN: 84-4902334) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, NCInnovation Inc, a 501(c)(3) charitable organization, reported compensation for 5 out of 10 total employees. Among the employees shown here, the average compensation is $454,723. The highest compensated employee at NCInnovation Inc is J Bennet Waters with fiscal year 2024 compensation of $670,460. NCInnovation Inc changed its name from The Innovation State Inc. in 2022.

Revenue, expenses, and employee compensation

Revenue

$259,079,795

Expenses

$8,161,864

Employee compensation

$2,574,219
Revenue, expenses, and employee compensation over time

Contractors

Mission Statement

THE ORGANIZATION IS A PUBLIC-PRIVATE PARTNERSHIP TO ACCELERATE AND SCALE COMMERCIALIZED INNOVATION FROM NC'S UNIVERSITIES, CREATE JOBS, AND IMPROVE ECONOMIC OPPORTUNITIES IN ALL 100 COUNTIES OF NORTH CAROLINA.

Revisions to this organization profile

September 9, 2025:
Amended (originally filed May 15, 2024)2023 NCInnovation Inc 990 filed
September 9, 2025:
2024 NCInnovation Inc 990 filed
November 3, 2022:
2022 NCInnovation Inc 990 filed

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