Alabama · Nonprofit
INNOVATION PORTAL INC
INNOVATION PORTAL INC (Alabama) receives grants from 3 organizations whose IRS filings report $450,081 to it, the largest being REGIONS FOUNDATION ($350,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $2.2M
- Funders on record
- 3
- Grants received
- $450k
- Net assets
- $7.5M
What Innovation Portal Inc does
Mission
Innovation portal is a non-profit incubator and innovation hub accelerating startup growth in the gulf coast region that provides targeted economic development research and programming to encourage successful launch, development, and scaling of local ventures that benefit the community. Innovation portal is recognized as a qualified local economic development organization as defined by the innovating alabama act, section 41-10-840, et seq., code of alabama.
As stated on its FY2025 Form 990.
Program
Innovation portal advanced its mission to cultivate a robust entrepreneurial ecosystem in coastal alabama by delivering high-impact programs and services that support early-stage business development and long-term economic vitality. Over the fiscal year, the organization operated six cohort-based programs, including gbeta gulf coast, idea accelerator, portal fund rise, and techacademy, designed to guide entrepreneurs from idea to execution. Through these initiatives, along with the real advice mentoring program and aventure studio focused on industry-specific r&d including a prototype lab and an entrepreneur-in-residence program, innovation portal supported over 75 entrepreneurs and ventures, engaged more than 1,000 community members, and hosted over 125 events and 75 educational sessions. These efforts resulted in more than $16 million in capital raised by participating startups and the formal launch of 20 new businesses. The organization also achieved its goal of expanding access to technical assistance and resources, forming new partnerships with national organizations to strengthen the regional innovation pipeline. Innovation portal launched the second year of their regionally…
$1,671,772 spent$550,150 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $1,671,772.
The organization over time
Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $7.1M to $8.8M (+23%).
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: 2023 2% · 2024 12% · 2025 9%. Grants only. Government contracts and fees sit inside program revenue.
75% of INNOVATION PORTAL INC’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 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.
Chief executive
Todd Greer
Executive director
Board chair
Wes Cronkite
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $38 → $50k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $490k from 2 payers (the payer shares this organization's board, largest Mobile Area Chamber of Commerce Foundation Inc). These are real filings, and they are not money INNOVATION PORTAL INC raised.
From the IRS filings of INNOVATION PORTAL 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.
How concentrated its funding is
INNOVATION PORTAL INC leans on a few funders — its largest provides 78% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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 INNOVATION PORTAL INC's grant income comes from Alabama funders.
Funder states come from each funder’s own filing. $81 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
INNOVATION PORTAL INC runs a healthier operating margin than half of the 2,299 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Organizations like INNOVATION PORTAL 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 Alabama
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for INNOVATION PORTAL 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 INNOVATION PORTAL INC?
- INNOVATION PORTAL INC (Alabama) receives grants from 3 organizations whose IRS filings report $450,081 to it, the largest being REGIONS FOUNDATION ($350,000). 2 of them have funded it in more than one year.
- How many funders does INNOVATION PORTAL INC have?
- IRS filings report 3 organizations giving $450,081 in grants to INNOVATION PORTAL INC, 2 of which have funded it in more than one year.
- Who is the largest funder of INNOVATION PORTAL INC?
- REGIONS FOUNDATION is the largest funder on record, with $350,000 in grants. The full list of funders is on this page.
- How can an organization like INNOVATION PORTAL INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. 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 Innovation Portal →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 3 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 22, 2026. What this page cannot tell you · view filing