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Filing year 2024

INNOVATION QUARTER

Winstonsalem, North Carolina·EIN 06-1818498·NTEE S11 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$84k
Total assets
$77k
Total expenses
$2.7M
Reported officers
4
Mission

SEE SCHEDULE OOUR DEDICATION TO ELEVATING HEALTH CARE FOR EVERY INDIVIDUAL, EVERY TEAMMATE AND EVERY COMMUNITY IS UNWAVERING. WE WON'T STOP UNTIL EVERYONE - NO MATTER WHO THEY ARE OR WHERE THEY COME - FROM HAS THE POSSIBILITY TO LIVE WELL. AND BECAUSE OF THIS, WE ARE REDEFINING WHY WE EXIST, OUR PURPOSE AS AN ORGANIZATION AND HOW WE MAKE IT HAPPEN TOGETHER AS ONE.OUR PURPOSE: FROM DISCOVERY TO EVERYDAY MOMENTS, WE'RE REDEFINING CARE.OUR COMMITMENTS ARE THE PROMISES OUR TEAMMATES MAKE TO FULFILL OUR PURPOSE.-LIFT EVERYONE UP: WE BELIEVE EVERYONE MATTERS AND CREATE SPACES WHERE ALL BELONG AND CAN THRIVE.-LEAD THE WAY: WE CHART NEW PATHS TO ACHIEVE THE EXTRAORDINARY.-THINK BOLDLY TOGETHER: WE COLLABORATE WITH HUMILITY, TURNING THE BEST IDEAS INTO NEW POSSIBILITIES.-EMBRACE THE UNKNOWN: WE DRIVE CHANGE THROUGH FEARLESS CURIOSITY AND UNSHAKEABLE OPTIMISM.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

Director & Treasurer
Officer (Unspecified)
$1.7M
$1.8M
Base
$600k
Bonus
$371k
Other
$689k
Benefits
$7k
Director & Chair
Board Chair
Above 90th percentile
$363k
$385k
Former Officer
Former Officer/director/trustee
25th percentile to median
$57k
$61k
Director & President
25th percentile to medianvs Community Improvement & Capacity Building peers in North Carolina
$53k
$56k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at INNOVATION QUARTER equaled 63% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
63%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 66%
from 2023

From $1M in 2023 to $1.7M in 2024.

$1M
2023
$1.7M
2024
In today's dollarsEst.
Up 61% in real terms$1.1M to $1.8M

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Chair pay rose 12% from 2023 to 2024, while revenue rose 22%.

$326k in 2023 to $363k in 2024.
  • Chief Executive Officer pay fell 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about INNOVATION QUARTER

What does the Board Chair of INNOVATION QUARTER earn?

In 2024, the Board Chair of INNOVATION QUARTER received $363,435 in total compensation. This pay is in the top 10% for Board Chair roles among Community Improvement & Capacity Building organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Chair pay at INNOVATION QUARTER compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Board Chair at INNOVATION QUARTER falls in the top 10%. In 2024, the highest total compensation at INNOVATION QUARTER equaled 63% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are INNOVATION QUARTER's revenue and expenses?

In 2024, INNOVATION QUARTER reported $84k in total revenue and $2.7M in total expenses on its IRS Form 990.

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