Nonprofit · EIN 45-0422671
UND CENTER FOR INNOVATION FOUNDATION
Tax-exempt · GRAND FORKS, ND 58202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $395,300 | $438,532 | -$43,232 | $8,699,070 | $200,811 | $8,498,259 |
| December 31, 2023 | 990 | $484,192 | $502,662 | -$18,470 | $8,356,553 | $172,863 | $8,183,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,500
- of which government grants
- $142,500
- Program service revenue
- $81,692
- Investment income
- $36,863
- Net rental income
- $78,245
- Net gain from sales of assets
- $5,842
- Other revenue
- $78,245
Expenses
- Grants and similar amounts paid
- $216,841
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,000
- Accounting fees
- $60,092
- Travel
- $625
- Depreciation
- $69,615
- Program services (functional)
- $316,325
- Management and general (functional)
- $118,827
- Fundraising (functional)
- $3,380
Balance sheet and other
- Total assets, start of year
- $8,356,553
- Total assets, end of year
- $8,699,070
- Total liabilities, end of year
- $200,811
- Net assets, end of year
- $8,498,259
- Land, buildings and equipment
- $2,291,700
- Net assets without donor restrictions
- $3,176,557
- Net assets with donor restrictions
- $5,321,702
- Gross unrelated business income
- $1,483
- Gross receipts
- $672,751
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1991
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amy Whitney | Director/CEO Officer | 6 | $54,200 | $19,512 |
| Phil Gisi | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kristin Heck | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Sally Miskavige | Secretary/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Deanna Carlson Zink | Trustee Trustee or director | 1 | $0 | $0 |
| Christopher Johnson | Trustee (As of Sept 24) Trustee or director | 1 | $0 | $0 |
| Mickayla Rosard | Trustee (Until July 24) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amy Whitney | Director/CEO Officer | 6 | $48,926 | $28,866 |
| Dale Morrison | Chair (until Feb) Trustee or director, Officer | 2 | $0 | $0 |
| Linda Pancratz | Vice Chair (until Nov) Trustee or director, Officer | 2 | $0 | $0 |
| Kristin Heck | Vice Chair (as of Nov) Trustee or director, Officer | 1 | $0 | $0 |
| Phil Gisi - Chair as of Feb | Trustee (until Feb) Trustee or director, Officer | 1 | $0 | $0 |
| Ed Schafer | Trustee (until Nov) Trustee or director | 1 | $0 | $0 |
| Brooks Burgum | Trustee (until Nov) Trustee or director | 1 | $0 | $0 |
| Lauris Molbert | Trustee (until Nov) Trustee or director | 1 | $0 | $0 |
| Howard Dahl | Trustee (until Nov) Trustee or director | 1 | $0 | $0 |
| Sally Miskavige | Trustee (as of Nov) Trustee or director | 1 | $0 | $0 |
| Mickayla Rosard | Trustee (as of Nov) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4200 JAMES RAY DR, GRAND FORKS, ND 58202-6090
- Principal officer (990 for 2024)
- Amy Whitney, 4200 James Ray Dr, Grand Forks, ND 58203
- Signed the 990
- Amy Whitney, Director/Chief Executive Officer
- Phone
- (701) 777-3132
- Website
- https://www.innovators.net/
- Return prepared by
- Eide Bailly LLP
Mission
To maintain national leadership in entrepreneur outreach and education, and become the leader in tech entrepreneurship in rural America.
Program accomplishments
- The UND Center for Innovation Foundation is established to support innovation and entrepreneurial activities at the University of North Dakota. The Foundation owns the Ina Mae Rude Entrepreneur Center, a business incubation facility that licenses space via a membership model. The Ina Mae Rude Entrepreneur Center supports commercialization activities for the State of North Dakota and the University of North Dakota. The Foundation enhances and promotes commerce and economic development in North Dakota through innovation consulting, applied learning activities, entrepreneurial activity seminars and workshops, and business coaching for innovators. Additionally, the Foundation provides fiscal management and operational support for projects primarily funded by state grants. The Foundation supports outreach programs and educational services in the field of innovation, commercialization of technologies, startup funding strategies, and business incubation and acceleration.Expenses $280,073 · grants $216,841 · revenue $126,740
- The Foundation owns a wholly owned subsidiary that operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB-5 program is an immigrant investor program focused on business development and job creation to stimulate economic activity and improvements in regional productivity through direct foreign investment. The program is administered by the US Citizenship and Immigration Service (USCIS) and the EB5 regional center is an entity approved by USCIS as a designated place to receive immigrant investor capital with new and emerging businesses. The North Dakota/Minnesota EB5 regional center received its designation in April 2011 and there are three portfolio companies with approximately 600 investors.Expenses $33,249 · revenue $30,000
- Student Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in experiential learning focused on the development of entrepreneurial and innovation skills. The purpose of student run enterprises is to establish legacy small businesses for students to manage and operate so they refine and develop their entrepreneurial skills. The students are provided with weekly, dedicated mentorship from a Center for Innovation staff member as well as a UND faculty subject matter expert to monitor their progress and encourage reflective practice on their business decisions.Expenses $3,003 · revenue $3,197
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0422671
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41Z)
- Assets (IRS master file)
- $8,699,070
- Income (IRS master file)
- $672,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $395,300 | $438,532 | $8,699,070 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $484,192 | $502,662 | $8,356,553 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $309,220 | $393,671 | $8,057,210 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0422671).
Questions about UND CENTER FOR INNOVATION FOUNDATION
- What is the EIN of UND CENTER FOR INNOVATION FOUNDATION?
- The employer identification number (EIN) of UND CENTER FOR INNOVATION FOUNDATION is 45-0422671.
- Is UND CENTER FOR INNOVATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to UND CENTER FOR INNOVATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UND CENTER FOR INNOVATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UND CENTER FOR INNOVATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UND CENTER FOR INNOVATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UND CENTER FOR INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names Amy Whitney.
- Who are the officers and directors of UND CENTER FOR INNOVATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $54,200 (Amy Whitney, Director/CEO).
- How much revenue does UND CENTER FOR INNOVATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $395,300, expenses of $438,532 and total assets of $8,699,070 at year end.
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All nonprofits in GRAND FORKS · North Dakota · Community improvement and capacity building