New Mexico · Nonprofit
INNOVATE ABQ INC
INNOVATE ABQ INC (New Mexico) receives grants from 1 organization whose IRS filings report $136,953 to it, the largest being CNM INGENUITY INC ($136,953). 1 of them have funded it in more than one year.
- Revenue FY2020
- $197k
- Funders on record
- 1
- Grants received
- $137k
- Net assets
- $0
What Innovate Abq Inc does
Mission
Innovate Abq Inc. Is a public/private partnership under the leadership of the university of new mexico for the development of an innovation district located synergistically between the university of new mexico and downtown albuquerque, new mexico. The project includes planning for and development of a core site in downtown albuquerque within a larger surrounding research and high-technology business district that will serve as a catalyst for a new innovation economy in new mexico. The vision for Innovate Abq Inc. Is the creation of an integrated, highly connected technology community that will foster innovation, technological advancement, and entrepreneurial activity. The community may include compatible research and commercial labs, science and technology companies, educational programs, business services, support services, commercial and retail businesses, residential living spaces, and a business incubator.
As stated on its FY2020 Form 990.
Program
To develop an innovation district in albuquerque, new mexico.
The first program described on its most recent Form 990, which lists programs largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $7.6M to $0 (−100%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 60% · 2019 18%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2019: the base held at 1 funder, grant income rose $17k → $39k.
From the IRS filings of INNOVATE ABQ INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of INNOVATE ABQ INC's grant income comes from New Mexico funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding INNOVATE ABQ INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.0M on record.
- Department of Commerce$1.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like INNOVATE ABQ INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Mexico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
96% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 7 related entities
- University of New Mexico · exempt
- Lobo Energy Incorporated · exempt
- Stcunm · exempt
- University of New Mexico Medical Group · exempt
- Unm Sandoval Regional Medical Center Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for INNOVATE ABQ INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds INNOVATE ABQ INC?
- INNOVATE ABQ INC (New Mexico) receives grants from 1 organization whose IRS filings report $136,953 to it, the largest being CNM INGENUITY INC ($136,953). 1 of them have funded it in more than one year.
- How many funders does INNOVATE ABQ INC have?
- IRS filings report 1 organization giving $136,953 in grants to INNOVATE ABQ INC, 1 of which have funded it in more than one year.
- Who is the largest funder of INNOVATE ABQ INC?
- CNM INGENUITY INC is the largest funder on record, with $136,953 in grants. The full list of funders is on this page.
- How can an organization like INNOVATE ABQ INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Innovate Abq →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2020 (financials across 2017–2020), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing