Innovate Orlando Inc

ORLANDO, FL EIN: 92-3100256

Innovate Orlando Inc is a private foundation focused on Education, based in ORLANDO, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 1 grants totaling $500.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$152K

-13.5% YoY

Annual Giving

$500

Grant Count

1

Avg Grant Size

$500

Under IRS private-foundation payout rules, Innovate Orlando Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

About Innovate Orlando Inc

Based on IRS filings

Innovate Orlando Inc is a private foundation focused on Education, based in ORLANDO, FL. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 1 grants totaling $500.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Orlando

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$117K$234K$352K$469K20232024
Metric20242023
Total Assets$151,558$175,123
Revenue$415,296$325,516
Expenses$426,361$150,393
Qualifying Distributions$426,361
Net Investment Income
Distributable Amount$8,014

Giving Over Time

Total grant dollars and number of grants per year

$0$125$250$375$5000 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

ORLANDO SCIENCE CENTER$500

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Orlando Science Center ($500).

RecipientPurposeAmount
ORLANDO SCIENCE CENTER ORLANDO, FLGRANT SUPPORT$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

DAVID MARC ADELSONCEO$219K

From 2024 filing

NameTitleHoursCompensation
DARYL HOLTCHAIRMAN10
DONNA MACKENZIEBOARD MEMBER, TREASURER10
ANGELA ALBANBOARD MEMBER4
kathy chiuBOARD MEMBER4
TIM GUILIANIBOARD MEMBER4
charlie lewisBOARD MEMBER4
THAD SEYMOURBOARD MEMBER4
ERIC USHKOWITZBOARD MEMBER4
DAVID MARC ADELSONCEO40$219,167

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Innovate Orlando Inc?

Innovate Orlando Inc is a private foundation focused on Education, based in ORLANDO, FL. It holds $152K in total assets as of 2024.

How large is Innovate Orlando Inc?

As of 2024, Innovate Orlando Inc holds $152K in total assets with $415K in annual revenue. It awarded 1 grants totaling $500 in 2024.

Where does Innovate Orlando Inc operate?

Innovate Orlando Inc has awarded grants in Florida.

What size grants does Innovate Orlando Inc award?

In 2024, Innovate Orlando Inc awarded 1 grants totaling $500 — an average of about $500 per grant, based on its IRS Form 990 filings.

How much is Innovate Orlando Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Innovate Orlando Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Innovate Orlando Inc's EIN?

Innovate Orlando Inc's EIN (Employer Identification Number) is 92-3100256. IRS Form 990 filing data is available on this page for 2023–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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