Sova Innovation Hub Corporation
TO PROMOTE ECONOMIC DEVELOPMENT AND ENCOURAGE INNOVATION FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA BY OFFERING IMPACTFUL PROGRAMMING FOR DIGITAL SKILLS EDUCATION AND WORKFORCE TRAINING.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-11.5% YoY
Revenue
$502K
-29.9% YoY
Net Investment Income
—
Expenses
$511K
-31.8% YoY
About Sova Innovation Hub Corporation
Based on IRS filings
Sova Innovation Hub Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SOUTH BOSTON, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets.
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 | $1,430,082 | $1,615,558 | $1,222,252 |
| Revenue | $502,048 | $716,186 | $890,987 |
| Expenses | $511,330 | $750,265 | $584,357 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS DERISO | CHAIRMAN | 1 | — |
| JEREMY SATTERFIELD | VICE CHAIR | 1 | — |
| PHILLIP LLOYD | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sova Innovation Hub Corporation?
Sova Innovation Hub Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in SOUTH BOSTON, VA. It holds $1.4M in total assets as of 2024.
How large is Sova Innovation Hub Corporation?
As of 2024, Sova Innovation Hub Corporation holds $1.4M in total assets with $502K in annual revenue.
Where does Sova Innovation Hub Corporation operate?
Sova Innovation Hub Corporation has awarded grants in Virginia.
What is Sova Innovation Hub Corporation's EIN?
Sova Innovation Hub Corporation's EIN (Employer Identification Number) is 84-2208618. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sova Innovation Hub Corporation'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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