Mission
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.
Public Charity
NCINNOVATION INC
NCINNOVATION INC is a Public Charity headquartered in RESEARCH TRIANGLE PARK, NC. Financial data from the 2025 filing: $272.1M revenue, $19.1M expenses, $534.3M total assets. 9 publicly reported grants to this organization, totaling roughly $4.9M, appear in IRS filings.
EIN: 844902334
RESEARCH TRIANGLE PARK, NC
Support N.E.C.
NTEE: B19
Latest filing: 2025
Total Revenue$272.1M
Total Expenses$19.1M
Total Assets$534.3M
Grant Records9
Funding Total$4.9M
Filing Years2020–2025
Where $100 goes at Ncinnovation Inc
How Ncinnovation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$70
Programs
the work itself
$30
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 $70 for programs
$70
As authorized under n.C
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
TO SUPPORT THE ORGANIZATION'S STATED MISSION
$400,000
CHARITABLE DONATION
$199,750
GENERAL SUPPORT
$99,875
GENERAL SUPPORT
$99,875
OTHER PUBLIC AND SOCIETAL BENEFIT
$400,000
Showing up to 5 of 9 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Art Pope
BOARD MEMBER
Ben Teague
BOARD MEMBER (THRU 11/13/2024)
Beth Friedrich
SECRETARY
Blannie Miller
BOARD MEMBER (BEGAN 7/11/2024)
Deanna Ballard
Vice President, Corporate Affairs
Erica Shrader
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $272.1M | $19.1M | $534.3M |
| 2024 | $259.1M | $8.2M | $272.9M |
| 2023 | $10.3M | $2.2M | $18.4M |
| 2021 | $3.6M | $246K | $3.6M |
| 2020 | $100K | $11K | $101K |
Between 2020 and 2025, reported annual revenue grew from $100K to $272.1M (+272027%), with total assets most recently reported at $534.3M.
Interactive year-over-year charts and full filing details available with membership.