Interesting data from their 2020 990 filing

The non-profit's aim, as stated in the filing, is “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.”.

When referring to its actions, they were outlined as: “To develop an innovation district located synergistically between the university of new mexico and downtown albuquerque, nm.”.

• The non-profit has complied with legal obligations by reporting their state of operation as NM.
• The non-profit's address in 2020 is noted in the filing as 801 UNIVERSITY BLVD SE NO 207, ALBUQUERQUE, NM, 87106.
• The non-profit's form for 2020 reports a total of 3 employees.
• Is not a private foundation.
• Expenses are between $500,000 and $1,000,000+.
• Revenue is between $250,000 and $500,000.
• Revenue less expenses is -$592,591.
• The organization has 9 independent voting members.
• The organization was formed in 2014.
• The organization pays $249,692 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.