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Innovate Mississippi

EIN 64-0901569 · Jackson, MS

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

LegitimacyPassesRegistration and standingFinancial healthFair57 out of 100GovernanceFair60 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF INNOVATE MISSISSIPPI, FORMERLY KNOWN AS MISSISSIPPI TECHNOLOGY ALLIANCE, IS TO DRIVE INNOVATION AND TECHNOLOGY-BASED ECONOMIC DEVELOPMENT FOR THE STATE OF MISSISSIPPI.

Income
$4.6 million
Spending
$4.5 million
Spent on programs
87%
Reserves
2.6 months of spending
Largest source of income
government grants, 95%
Employees
19
Volunteers
12
Highest pay
$170,460, president

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: 57 out of 100. Higher than 26% of charities in its peer group (science, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.6 months of spending.

  • Debt

    2 of 20

    It owes 84% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 1% on the year before.

  • Spending floor

    15 of 15

    87% 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

Fair: 60 out of 100. Higher than 13% of charities in its peer group (science, $1m to $10m).

  • Independent board

    25 of 25

    12 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a 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

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed 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. $4.2 million spent. DELIVERED SUPPORT AND SERVICES THAT PROMOTE BUSINESS AND INVESTMENT DEVELOPMENT FOR INNOVATION & TECHNOLOGY-FOCUSED COMPANIES AND ORGANIZATIONS IN THE STATE OF MISSISSIPPI. INNOVATE MISSISSIPPI PROVIDES THE FOLLOWING PROGRAMS: 1. DEVELOPMENT OF INNOVATION AND TECHNOLOGY-FOCUSED STARTUP COMPANIES 2. DEVELOPMENT OF INVESTOR NETWORKS AND FUNDS TO INVEST IN MISSISSIPPI STARTUP COMPANIES. 3. CONNECTING STARTUP COMPANIES AND INVESTORS FOR MUTUAL BENEFIT 4. DEVELOPING REGIONAL ECOSYSTEMS AROUND TECHNOLOGY, INNOVATION AND ENTREPRENEURSHIP 5. HOSTING EVENTS TO HELP GROW THE ECOSYSTEM AND PROVIDE CONNECTIONS TO SUPPORT STARTUP GROWTH AND INVESTMENT

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 1999.

    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.