Skip to the page content
Your donations
Passes our checks

Missouri Innovation Center Inc

EIN 43-1350262 · Columbia, MO

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

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood88 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO NURTURE ENTREPRENEURS AS THEY CREATE HIGH-GROWTH VENTURES IN MID MISSOURI THAT IMPROVE LIVES AND GROW THE ECONOMY.

Income
$713,878
Spending
$907,242
Spent on programs
80%
Reserves
3.8 months of spending
Largest source of income
government grants, 57%
Employees
0
Volunteers
21
Highest pay
$212,297, president and ceo

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

Financial health

Fair: 60 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 3.8 months of spending.

  • Debt

    10 of 20

    It owes 38% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 27% of income.

  • Income trend

    15 of 15

    Income rose 13% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

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

Governance

Good: 88 out of 100.

  • Independent board

    25 of 25

    18 of 18 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • 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

Impact evidence

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

Programs described in its return (1)
  1. $726,750 spent. MIC'S MISSION IS TO NURTURE ENTREPRENEURS AS THEY CREATE HIGH-GROWTH VENTURES IN MID-MISSOURI THAT IMPROVE LIVES AND GROW THE ECONOMY. MIC OPERATES AND MANAGES A LIFE SCIENCE BUSINESS INCUBATOR AND COLLECTS RENTS FROM OUR CLIENT COMPANIES TO OFFSET THE COSTS OF RUNNING THE INCUBATOR SPACE. IN ADDITION TO OFFICE AND LABORATORY SPACE, WE OFFER BUSINESS INCUBATION SERVICES FOCUSED ON COACHING AND MENTORING ENTREPRENEURS. WE ASSIST WITH CUSTOMER DISCOVER, FEASIBILITY STUDIES, BUSINESS MODEL DEVELOPMENT, BUILDING MANAGEMENT TEAMS, ENTREPRENEURIAL FINANCE (SBIR/STTR GRANTS, ANGEL CAPITAL, VENTURE CAPITAL), AND MAKING CONNECTIONS TO UNIVERSITY, COMMUNITY AND STATE RESOURCES. CURRENTLY WE HAVE 15 RESIDENT CLIENTS AND SERVE AN ADDITIONAL 10 NON-RESIDENT CLIENTS.

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

Legitimacy checks

  1. 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 September 7, 2026.

  2. 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 September 30, 2026.

  3. 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 September 10, 2026.

  4. 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 September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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 7, 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.