Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 57-0981427

INNOVATE ANDERSON

Tax-exempt · ANDERSON, SC 29621

Financials

$24K$81K2023$87K$112K2024$118K$85K2025
Revenue Expenses · by fiscal year end
Financials of INNOVATE ANDERSON by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$118,476$85,073$33,403$1,340,122$0$1,340,122
December 31, 2024990$86,578$111,796-$25,218$1,213,569$0$1,213,569
December 31, 2023990$24,238$80,684-$56,446$1,210,465$0$1,210,465
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$118,476
Net gain from sales of assets
$89,243
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,200
Accounting fees
$7,599
Program services (functional)
$42,500
Management and general (functional)
$42,573

Balance sheet and other

Total assets, start of year
$1,213,569
Total assets, end of year
$1,340,122
Total liabilities, end of year
$0
Net assets, end of year
$1,340,122
Publicly traded securities
$1,297,615
Net assets without donor restrictions
$1,340,122
Gross receipts
$566,598
Employees
0
Year formed
1993
State of legal domicile
SC

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
MIKE WOOLESINTERIM MANA
Officer
20$60,000
JOEY NIMMERBOARD MEMBER
Trustee or director
1$0
TERENCE V ROBERTSCHAIRMAN
Officer
1$0
ROBERT WILSONTREASURER
Officer
2$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
MIKE WOOLESIND CONSULTA
Trustee or director, Officer
40$60,365
JOEY NIMMERBOARD MEMBER
Trustee or director
1$0
TERENCE V ROBERTSCHAIRMAN
Officer
1$0
ROBERT WILSONTREASURER
Officer
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
WAYNE LANDRITHBOARD OF DIR
Trustee or director
–$0
BILL MANSONBOARD OF DIR
Trustee or director
–$0
JOEY NIMMEREX OFFICIO B
Trustee or director
–$0
TERENCE V ROBERTSCHAIRMAN
Officer
–$0
ROBERT WILSONTREASURER
Officer
–$0

Address and contacts

Address (IRS master file)
1720 N MAIN ST, ANDERSON, SC 29621-4758
Principal officer (990 for 2025)
ROBERT WILSON, 1720 NORTH MAIN STREET, ANDERSON, SC 29621
Signed the 990
ROBERT WILSON, TREASURER
Phone
(864) 232-5588
Return prepared by
ARGO AND ASSOCIATES LLP

Mission

TO PROMOTE DEVELOPMENT OF ANDERSON COUNTY SOUTH CAROLINA THROUGH MARKETING, EDUCATION, AND TOURISM FOR THE PURPOSE OF ECONOMIC DEVELOPMENT FOCUSED ON JOB CREATION AND CAPITAL INVESTMENT.

990 for the year ended December 31, 2025

Program accomplishments

  • FOUNDATIONS FOR THE FUTURE
    Expenses $42,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0981427
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,340,122
Income (IRS master file)
$566,598

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$118,476$85,073$1,340,122XML
990December 2024$86,578$111,796$1,213,569XML
990December 2023$24,238$80,684$1,210,465XML
990December 2022$130,897$111,933$1,150,890IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 57-0981427).

Questions about INNOVATE ANDERSON

What is the EIN of INNOVATE ANDERSON?
The employer identification number (EIN) of INNOVATE ANDERSON is 57-0981427.
Is INNOVATE ANDERSON tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1994.
Are donations to INNOVATE ANDERSON tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INNOVATE ANDERSON 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 INNOVATE ANDERSON due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INNOVATE ANDERSON last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of INNOVATE ANDERSON?
The 990 for the year ended December 31, 2025 names ROBERT WILSON.
Who are the officers and directors of INNOVATE ANDERSON?
The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $60,000 (MIKE WOOLES, INTERIM MANA).
How much revenue does INNOVATE ANDERSON have?
On its 990 for the year ended December 31, 2025 it reported revenue of $118,476, expenses of $85,073 and total assets of $1,340,122 at year end.

Other nonprofits in ANDERSON

All nonprofits in ANDERSON · South Carolina