THE MISSION OF INNOVATE MISSISSIPPI, FORMERLY KNOWN AS MISSISSIPPI TECHNOLOGY ALLIANCE, IS TO DRIVE INNOVATION AND TECHNOLOGY-BASED ECONOMIC DEVELOPMENT FOR THE STATE OF MISSISSIPPI.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+349.1% YoY
Annual Giving
$150K
-71.1% YoY
Grant Count
8
-46.7% YoY
Avg Grant Size
$19K
-45.9% YoY
About Innovate Mississippi
Based on IRS filings
Innovate Mississippi is a nonprofit organization focused on Science & Technology, based in JACKSON, MS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.8M in total assets. In 2024, it awarded 8 grants totaling $150K. Net investment income was $137K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,833,624 | $1,521,742 | $972,487 |
| Revenue | $2,586,985 | $1,998,207 | $1,747,154 |
| Expenses | $1,983,264 | $1,683,360 | $1,837,164 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $136,917 | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tempo Llc ($25,000), Canu Llc ($25,000), Valtep Inc ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEMPO LLC STARKVILLE, MS | SEE PART IV | $25,000 |
| CANU LLC BROOKHAVEN, MS | SEE PART IV | $25,000 |
| VALTEP INC BRANDON, MS | SEE PART IV | $25,000 |
| TRETECH INC JACKSON, MS | SEE PART IV | $10,000 |
| REBORNC LLC HATTIESBURG, MS | SEE PART IV | $25,000 |
| SELLVNTG LLC OXFORD, MS | SEE PART IV | $25,000 |
| UP4GRABS LLC RIDGELAND, MS | SEE PART IV | $10,000 |
| COBUILDERS FUND LLC JACKSON, MS | SEE PART IV | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES ANTHONY JEFF JR | PRESIDENT | 40 | $136,602 |
| ASHBY FOOTE | DIRECTOR | 1 | — |
| BRAD MCMULLAN | DIRECTOR | 1 | — |
| GERARD GIBERT | DIRECTOR | 1 | — |
| JOHN WALTERS | DIRECTOR | 1 | — |
| LAURA HIPP MAYER | DIRECTOR | 1 | — |
| MARK HENDERSON | DIRECTOR | 1 | — |
| NASHLIE SEPHUS | DIRECTOR | 1 | — |
| R MAYO FLINT III | DIRECTOR | 1 | — |
| RACHEL M DEVAUGHAN-PATRICK | DIRECTOR | 1 | — |
| JANET PARKER | SECRETARY | 40 | $100,078 |
| LINDSEY W BENEFIELD | INVESTMENT DIRECTOR | 40 | $100,210 |
| Robert H Buseck | MS Coding Academies Executive Director | 40 | $115,710 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Innovate Mississippi?
Innovate Mississippi is a nonprofit organization focused on Science & Technology, based in JACKSON, MS. It holds $6.8M in total assets as of 2024.
How large is Innovate Mississippi?
As of 2024, Innovate Mississippi holds $6.8M in total assets with $2.6M in annual revenue. It awarded 8 grants totaling $150K in 2024.
Where does Innovate Mississippi operate?
Innovate Mississippi has awarded grants in Maine, Mississippi, Wisconsin.
What size grants does Innovate Mississippi award?
In 2024, Innovate Mississippi awarded 8 grants totaling $150K — an average of about $19K per grant, based on its IRS Form 990 filings.
What is Innovate Mississippi's EIN?
Innovate Mississippi's EIN (Employer Identification Number) is 64-0901569. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Innovate Mississippi's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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