Public Charity

INNOVATION QUARTER

INNOVATION QUARTER is a private foundation categorized as Public Charity based in WINSTONSALEM, NC. Its most recent IRS filing (2024) reports revenue of $84K, expenses of $2.7M, total assets of $77K. Imperigo tracks 9 reported grants from this foundation totaling approximately $108K.

EIN: 061818498 WINSTONSALEM, NC Single Organization Support NTEE: S11 Latest filing: 2024
Total Revenue$84K
Total Expenses$2.7M
Total Assets$77K
Grants Given9
Grant Total$108K
Filing Years2020–2024

Mission

SEE SCHEDULE OOUR DEDICATION TO ELEVATING HEALTH CARE FOR EVERY INDIVIDUAL, EVERY TEAMMATE AND EVERY COMMUNITY IS UNWAVERING. WE WON'T STOP UNTIL EVERYONE - NO MATTER WHO THEY ARE OR WHERE THEY COME - FROM HAS THE POSSIBILITY TO LIVE WELL. AND BECAUSE OF THIS, WE ARE REDEFINING WHY WE EXIST, OUR PURPOSE AS AN ORGANIZATION AND HOW WE MAKE IT HAPPEN TOGETHER AS ONE.OUR PURPOSE: FROM DISCOVERY TO EVERYDAY MOMENTS, WE'RE REDEFINING CARE.OUR COMMITMENTS ARE THE PROMISES OUR TEAMMATES MAKE TO FULFILL OUR PURPOSE.-LIFT EVERYONE UP: WE BELIEVE EVERYONE MATTERS AND CREATE SPACES WHERE ALL BELONG AND CAN THRIVE.-LEAD THE WAY: WE CHART NEW PATHS TO ACHIEVE THE EXTRAORDINARY.-THINK BOLDLY TOGETHER: WE COLLABORATE WITH HUMILITY, TURNING THE BEST IDEAS INTO NEW POSSIBILITIES.-EMBRACE THE UNKNOWN: WE DRIVE CHANGE THROUGH FEARLESS CURIOSITY AND UNSHAKEABLE OPTIMISM.

Where $100 goes at Innovation Quarter

How Innovation Quarter divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
Oversight of all wake forest university health sciences (wfuhs) activities involving the wake forest Innovation Quarter, including land acquisition, master planning, and park development such as infrastructure, recruiting…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

WINSTON SALEM, NC · 2017
SUPPORTING ECONOMIC DEVELOPMENT & INNOVATION
$20,000
WINSTON SALEM, NC · 2017
SUPPORTING PROGRAM TO PROVIDE SPACE & CONNECTIONS ENCOURAGING INNOVATION
$10,000
Winston Salem, NC · 2016
Supporting program to provide space & connections encouraging innovation
$25,000
winston Salem, NC · 2016
supporting museum offering deep understanding of american culture
$12,500
winston Salem, NC · 2016
Supporting program to stimulate connections between innovators & businesses
$12,500

Showing up to 5 of 9 total records — full history available with membership.

Officers & Directors

DIRECTOR & TREASURER J Mclain Wallace Jr
FORMER OFFICER J Reid Morgan
DIRECTOR & CHAIR Susan R Wente Phd
DIRECTOR & PRESIDENT Terry L Hales Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$44,000 3 grants
Research & Policy
$35,000 2 grants
Arts & Culture
$12,500 1 grant
Education
$10,000 1 grant
Housing & Homelessness
$6,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $84K $2.7M $77K
2023 $69K $3.0M $88K
2022 — $2.8M $81K
2021 — $2.4M $66K
2020 — $1.7M $362K

Between 2023 and 2024, reported annual revenue grew from $69K to $84K (+22%), with total assets most recently reported at $77K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in NC.

NC

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for INNOVATION QUARTER

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