Passes our checks

Novacomm

EIN 26-4236050 · San Diego, CA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

NOVACOMM'S MISSION IS TO CREATE JOBS AND EDUCATE SOUTHERN CALIFORNIA'S HIGH-TECH COMMUNITY AT LARGE, PRIMARILY THROUGH THE EVONEXUS INCUBATOR.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 48 out of 100. Higher than 19% of charities in its peer group (community improvement, under $250k).

Independent board
18 of 25
3 of 3 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
0 of 5
Reports that it does not keep minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)

EVONEXUS IS A LEADING NON-PROFIT HIGH-TECH TRADE ORGANIZATION AND INCUBATOR WITH LOCATIONS IN SAN DIEGO, IRVINE AND SAN MATEO. OUR MISSION IS TO STIMULATE THE GROWTH OF NEW HIGH TECHNOLOGY COMPANIES IN OUR REGION. WE PROVIDE FULL SERVICES - FURNISHED OFFICE SPACE, DOMAIN EXPERTS AND MENTORS, AND THE OPPORTUNITY TO LEVERAGE OUR WIDE NETWORK OF BUSINESS AND VC CONTRACTS - TO START-UP COMPANIES STRIVING TO ACHIEVE SUSTAINABILITY. ADMITTED STARTUPS WILL PARTICIPATE IN THE PROGRAM UP TO 24 MONTHS.EVONEXUS' STATISTICS TO DATE:- ESTABLISHED OCTOBER 2009- 7,000+ APPLICATIONS RECEIVED, 267 COMPANIES IN OUR PORTFOLIO- $4.2B IN TOTAL FUNDING AND ACQUISITION OUTCOME BY COMPANIES. 85% OF COMPANIES RECEIVED FUNDING DURING INCUBATION. - 82% OF PORTFOLIO COMPANIES ARE STILL ACTIVE- 12 COMPANIES CURRENTLY INCUBATING- 54 ACQUISITIONS- 4,000+ JOBS CREATED
MARKETLINK IS AN OPPORTUNITY FOR COMPANIES TO INITIATE AND DEVELOP STRATEGIC RELATIONSHIPS WITH LEADING MULTI-NATIONAL CORPORATIONS. THIS UNIQUE AND POWERFUL PROGRAM INTRODUCES PARTICIPATING COMPANIES TO TOP-LEVEL EXECUTIVES SEARCHING FOR NEW PRODUCTS AND TECHNOLOGIES, ALL AT NO COST TO THE APPLICANT. THE PROGRAM IS A HIGHLY EFFICIENT AND EFFECTIVE VEHICLE FOR CONNECTING INDUSTRY GIANTS WITH QUALITY COMPANIES DEVELOPING THE LATEST TECHNOLOGY AND PRODUCTS.MARKETLINK HAS CONNECTED INNOVATIVE COMPANIES WITH MULTI-NATIONAL CORPORATIONS SUCH AS VIASAT, CUBIC, HP, LG AND OTHERS IN A TARGETED AND EXTREMELY TIME-EFFICIENT MANNER.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.