INNOVATE RALEIGH
RALEIGH, NC | Wake County
Economic Development
Overview
INNOVATE RALEIGH
26-2891963
800 S SALISBURY ST
RALEIGH, NC 27601
Wake County
RALEIGH, NC 27601
Wake County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- LMI Census Tract
- Majority Minority Census Tract
- Opportunity Zone
Awards & Certifications
- This nonprofit has not received any CRA awards or certifications.
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
P99
P - Human Services
Human Services N.E.C.
Use this code for organizations that clearly provide human services where the major purpose is unclear enough that a more specific code cannot be accurately assigned.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
624190
Other Individual and Family Services
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
-
Revenue
-
Assets
-
Not reported by IRS.
The income, revenue, and assets information was not included on this nonprofit's most recent tax filing or the nonprofit has not yet filed its first tax return.
IRS Business Master File Details
As of December 2024
Exempt Ruling Date
Not reported
Deductibility Status
Not reported
Last Tax Filing
Not required to file by IRS
Organization Type
Not reported
Organization Tax Filing Status
Not reported
Foundation Tax Filing Status
Not reported
Affiliation Classification
Not reported
Basis for Foundation/Public Charity Status
Not reported
IRS Publication 78 Details
As of December 2024
Verified in Publication 78
No
Deductibility Limitation
Not reported
Organization Description
Not reported
IRS Form 990 Returns
Through December 2024
Tax period ending in
2023-09
Tax period ending in
2022-09
Tax period ending in
2021-09
Tax period ending in
2020-09
Tax period ending in
2019-09
Tax period ending in
2018-09
Tax period ending in
2017-09
Tax period ending in
2016-12
Nonprofit Location
Physical Address
800 S SALISBURY ST
RALEIGH, NC 27601
Wake County
RALEIGH, NC 27601
Wake County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
39580
MSA/MD
37
State
183
County
0509.00
Tract
Low
Income Level
Core-Based Statistical Area
39580 - Raleigh-Cary, NC
Combined Statistical Area
450 - Raleigh-Durham-Cary, NC
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
71.82%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 0509.00 | Wake County | |
| Population | ||
| Total Population | 2,672 | 1,151,009 |
| Total Households | 915 | 445,636 |
| Income | ||
| Median Income* | $27,885 | $101,763 |
| Median Family Income (2024 FFIEC est.) | $122,300 | $117,000 |
| Tract Income Percentage | 28.76% | N/A |
| Below Poverty Level | 24.7% | 7.9% |
| Unemployment Level | 8.6% | 4.2% |
| Housing | ||
| Total Housing Units | 1,070 | 481,999 |
| Total Owner-Occupied Units | 18.6% | 64.4% |
| Total Renter-Occupied Units | 66.9% | 35.6% |
| Total Vacant Units | 14.5% | 9.9% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
Management
Not reported
Total Voting Members
in Governing Body
in Governing Body
Not reported
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Derrick Minor
(919) 664-7030
(919) 664-7030
Principal Officer
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990EZ e-filed for the tax period ending on 2022-09.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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