Overview

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Est.

2014

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2021
990 file icon
2020
990 file icon
2019
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AI Summary

INNOVATE ABQ INC is an education services nonprofit focused on developing an innovation district situated between the University of New Mexico and downtown Albuquerque, New Mexico. In 2020, it operated with a $403K budget and $196.9K in revenue, with CNM INGENUITY INC listed as its top funder at $217.3K.

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Mission Statement

TO DEVELOP AN INNOVATION DISTRICT LOCATED SYNERGISTICALLY BETWEEN THE UNIVERSITY OF NEW MEXICO AND DOWNTOWN ALBUQUERQUE, NM.

Cause Areas

1
Education services
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Financials

2021
Revenues
$196.9K
Expenses
$403K
Net Income:
-$206.1K
Assets
$0
Liabilities
$0
Net Assets:
+$0

Financial Trends

2021
Operating Budget
$403K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "CNM Ingenuity Inc"
CNM Ingenuity Inc
Albuquerque, NM, US
$217.3K
13%

Grants Received

2019
Total No. of Grants
1
Median grant size
$39.4K
Largest grant received
$39.4K

Board & Team

J
John Sanchez
Board Member
C
Chuck Wellborn
Board Member
R
Richard Larson
Board Member
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  • 1 funders
  • 28 board & team members
  • 6 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is INNOVATE ABQ INC’s budget?
In 2021, INNOVATE ABQ INC reported an annual operating budget of around $403 thousand. More detailed financial information is available to registered users.
What causes does INNOVATE ABQ INC support?
INNOVATE ABQ INC supports work in Education services.
Where does INNOVATE ABQ INC operate?
INNOVATE ABQ INC is headquartered in Albuquerque, NM.
Who funded INNOVATE ABQ INC recently?
In 2019, INNOVATE ABQ INC received grants from CNM Ingenuity Inc, CNM Ingenuity Inc, and CNM Ingenuity Inc. More information on this organization’s funders is available to registered users.
What is the largest grant INNOVATE ABQ INC received in 2019?
The largest grant to INNOVATE ABQ INC in 2019 exceeds $39 thousand.