Ncinnovation Inc
Research Triangle Park, NC · EIN 84-4902334 · Education · Rank 2,376 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $272,126,634
- Total expenses
- $19,108,008
- Total assets
- $534,287,080
- Salary base (all salaries and wages)
- $4,676,434
- Salaries, other pay and benefits
- $5,319,884
- Employees
- 16
- Salary base per employee
- $292,277
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (18)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| J Bennet Waters | PRESIDENT & CEO | Officer | 40 | $684,580 |
| Michelle Bolas | EVP & CIO | Officer | 40 | $465,864 |
| Josh Howard | SVP & CHIEF RISK OFFICER | Officer | 40 | $329,672 |
| Linda Hall | EVP & CFO | Officer | 40 | $266,130 |
| Blannie Miller | SECRETARY | Board, Officer | 1 | None reported |
| Kelly King | CHAIR | Board, Officer | 1 | None reported |
| Kirk Bradley | VICE CHAIR | Board, Officer | 1 | None reported |
| Art Pope | BOARD MEMBER | Board | 1 | None reported |
| Ben Teague | BOARD MEMBER | Board | 1 | None reported |
| Beth Friedrich | BOARD MEMBER (THRU 11/13/2024) | Board | 1 | None reported |
| Deanna Ballard | BOARD MEMBER (BEGAN 7/11/2024) | Board | 1 | None reported |
| J Cantey Alexander | BOARD MEMBER | Board | 1 | None reported |
| Jeff Turner | BOARD MEMBER | Board | 1 | None reported |
| Kelly Fuller | BOARD MEMBER | Board | 1 | None reported |
| Stan Kelly | BOARD MEMBER | Board | 1 | None reported |
| Todd Kasper | BOARD MEMBER | Board | 1 | None reported |
| Ven Poole | BOARD MEMBER | Board | 1 | None reported |
| Wayne Sasser | BOARD MEMBER (BEGAN 1/1/2025) | Board | 1 | None reported |
Top 10 paid people listed
These 9 people received $2,672,319, which is 57.1% of the $4,676,434 salary base shared by 16 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| J Bennet Waters | PRESIDENT & CEO | Officer | 40 | $610,683 | $0 | $73,897 | $684,580 |
| Michelle Bolas | EVP & CIO | Officer | 40 | $406,100 | $0 | $59,764 | $465,864 |
| Josh Howard | SVP & CHIEF RISK OFFICER | Officer | 40 | $277,083 | $0 | $52,589 | $329,672 |
| Linda Hall | EVP & CFO | Officer | 40 | $234,659 | $0 | $31,471 | $266,130 |
| M Derrick Welch | Senior Regional Innovation Director | Highly paid employee | 40 | $140,708 | $0 | $62,937 | $203,645 |
| Erin Hopper | Vice President, Grants & Research | Highly paid employee | 40 | $182,417 | $0 | $18,354 | $200,771 |
| Erica Shrader | Vice President, Corporate Affairs | Highly paid employee | 40 | $174,167 | $0 | $21,606 | $195,773 |
| Mary Lou Bourne | Senior Regional Innovation Director | Highly paid employee | 40 | $139,458 | $0 | $33,997 | $173,455 |
| Louis Judge III | Senior Regional Innovation Director | Highly paid employee | 40 | $139,458 | $0 | $12,971 | $152,429 |
Sources
- IRS e-file return 202631339349304418 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 84-4902334
- Organization website (as filed): https://ncinnovation.org/