16 TECH COMMUNITY CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- 16 TECH COMMUNITY CORPORATION (EIN 81-0853467)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202413199349310871
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T14:03:58-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 352123203 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KSM BUSINESS SERVICES INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 40857 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810853467 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 16 TECH COMMUNITY CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | 16TE | BusinessNameControlTxt |
| Phone | 8477219943 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1220 WATERWAY BLVD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEX KURRELMEIER | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 8477219943 | PhoneNum |
| Signature | 2024-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CASSE TATE | PreparerPersonNm |
| PTIN | P01271193 | PTIN |
| Phone | 3175802000 | PhoneNum |
| Preparation | 2024-11-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ALEX KURRELMEIER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1220 WATERWAY BLVD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $32,766,261 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.16TECH.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2015 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | 16 TECH COMMUNITY CORPORATION (16TCC) IS RESPONSIBLE FOR THE PROGRAMMATIC AND PHYSICAL DEVELOPMENT OF THE 16 TECH INNOVATION DISTRICT, A GROWING DESTINATION FOR ENTREPRENEURSHIP AND INNOVATION IN INDIANAPOLIS AND A DRIVER OF THE TECH ENABLEMENT OF THE LIFE-SCIENCES AND ADVANCED MANUFACTURING INDUSTRIES KEY TO INDIANA'S ECONOMY. 16 TECH IS CONNECTED TO DIVERSE NEIGHBORHOODS AND INTENTIONALLY RESOURCED WITH FACILITIES AND PROGRAMS TO FOSTER INNOVATION, CATALYZING THE ECONOMIC GROWTH OF THE CITY AND STATE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 28 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $301,644 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $30,922 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,419,263 | PYContributionsGrantsAmt |
| CY Contributions Grants | $29,255,022 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,618,649 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,669,403 | CYProgramServiceRevenueAmt |
| PY Investment Income | $187,304 | PYInvestmentIncomeAmt |
| CY Investment Income | $523,114 | CYInvestmentIncomeAmt |
| PY Other Revenue | $76,121 | PYOtherRevenueAmt |
| CY Other Revenue | $63,415 | CYOtherRevenueAmt |
| PY Total Revenue | $21,301,337 | PYTotalRevenueAmt |
| CY Total Revenue | $32,510,954 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $653,371 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,070,246 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,589,144 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,142,408 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $81,099 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,586,891 | PYOtherExpensesAmt |
| CY Other Expenses | $7,122,608 | CYOtherExpensesAmt |
| PY Total Expenses | $9,829,406 | PYTotalExpensesAmt |
| CY Total Expenses | $14,335,262 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,471,931 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $18,175,692 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $134,426,956 | TotalAssetsBOYAmt |
| Total Assets EOY | $155,044,902 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $42,807,624 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $45,463,721 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $91,619,332 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $109,581,181 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO CREATE AN INCLUSIVE INNOVATION COMMUNITY. THE 16 TECH INNOVATION DISTRICT WILL FOSTER AND ENHANCE ECONOMIC DEVELOPMENT, TALENT ATTRACTION, DEVELOPMENT AND RETENTION AS AN ACCESSIBLE ENTREPRENEURIAL ECOSYSTEM THAT CATALYZES THE GROWTH OF COMPANIES AND DIVERSE TALENT THAT WILL TRANSFORM INDUSTRIES, CAREERS, AND OUR FUTURE ECONOMY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,566,443 | ExpenseAmt |
| Grant | $4,070,246 | GrantAmt |
| Revenue | $2,403,798 | RevenueAmt |
| Desc | THE 16 TECH INNOVATION DISTRICT IS A GROWING DESTINATION FOR INNOVATION AND ENTREPRENEURSHIP AND A DRIVER OF THE TECH ENABLEMENT OF THE LIFE-SCIENCES AND ADVANCED MANUFACTURING INDUSTRIES KEY TO INDIANA'S ECONOMY. CONNECTED TO DIVERSE NEIGHBORHOODS IN DOWNTOWN INDIANAPOLIS AND INTENTIONALLY RESOURCED WITH FACILITIES AND PROGRAMS TO FOSTER INNOVATION, 16 TECH IS HOME TO THREE BUILDINGS WITH A VARIETY OF OFFICE, WET AND DRY LAB SPACES AND MAKERSPACES AND 200+ INNOVATION RELATED ENTITIES THAT EMPLOY MORE THAN 1000 PEOPLE. AT FULL BUILD-OUT, 16 TECH ANTICIPATES MORE 2 MILLION SQUARE FEET OF INNOVATION RELATED SPACE THAT SUPPORT 3,000 JOBS, PROVIDING OPPORTUNITIES TO TRAIN, RETRAIN AND ATTRACT TALENT. 16 TECH IS DRIVING MOMENTUM, SERVING AS INDIANA'S MOST CENTRAL AND ACCESSIBLE ENTRANCE INTO THE STATE'S INNOVATION ECOSYSTEM; A DEDICATED PLACE FOR INNOVATION-DRIVEN ENTERPRISES AND ENTREPRENEURS TO CONNECT WITH UNIVERSITY RESOURCES, RESEARCH FACILITIES AND CORPORATE ASSETS, SUPPORTED BY QUALITY-OF-LIFE SERVICES IN A WORK, PLAY, LEARN ENVIRONMENT. THE NONPROFIT 16 TECH COMMUNITY CORPORATION (16TCC) OVERSEES THE PROGRAMMATIC AND PHYSICAL DEVELOPMENT OF THE DISTRICT AND ENSURES BENEFITS OF ECONOMIC GROWTH, NEW INVESTMENT AND JOB CREATION EXTEND TO NEARBY NEIGHBORHOODS AS WELL AS THE CITY, THE REGION, AND THE STATE. | Desc |
| Total Program Service Expenses | $11,566,443 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 28 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEX KURRELMEIER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8477219943 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1220 WATERWAY BLVD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| EMILY KRUEGER | |||||||||
| PRESIDENT AND CEO | 40.00 | Yes (X) | Yes (X) | $406,855 | $0 | $34,417 | |||
| DAVID LAWTHER JOHNSON | |||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $11,058 | $1,446 | |||
| MELINA KENNEDY | |||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $612,573 | $67,949 | 40.00 | ||
| TORY CASTOR | |||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $571,413 | $131,941 | 40.00 | ||
| JEFFREY HARRISON | |||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| PAUL T BABCOCK | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |||
| DANIEL J HASLER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $450,000 | $0 | 40.00 | |||
| JOHN HUESING | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $444,336 | $78,185 | 40.00 | |||
| VINCENT ASH | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $80,011 | $104 | 40.00 | |||
| MICHAEL HUBER | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |||
| MICHAEL MIRRO | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |||
| SARAH RIORDAN | |||||||||
| DIRECTOR TO MAY | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |||
| SCARLETT ANDREWS | |||||||||
| DIRECTOR BEGINNING JUNE | 1.00 | Yes (X) | $0 | $0 | $0 | 40.00 | |||
| AMAN BRAR | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| RAMESH DURVASULA | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALAN PALKOWITZ | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| KRISTIN MAYS-CORBITT | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ESTHER EARBIN SANDLIN | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DAVID ROBERTS | |||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ALEX KURRELMEIER | |||||||||
| CHIEF FINANCIAL OFFICER | 40.00 | Yes (X) | $187,000 | $0 | $56,850 | ||||
| ROBERT A WHITT | |||||||||
| CHIEF OPERATING OFFICER | 40.00 | $194,245 | $0 | $46,821 | Yes (X) | ||||
| ERIC MILLER | |||||||||
| DIRECTOR OF BUSINESS DEVEL | 40.00 | $168,566 | $0 | $48,877 | Yes (X) | ||||
| KAREN B SCHNEIDER | |||||||||
| CONTROLLER | 40.00 | $130,143 | $0 | $31,057 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,086,809 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,169,391 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $497,647 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KOKOSING CONTRUCTION CO | |||||
| 17531 WATERFORD ROAD | FREDRICKTOWN | OH | 43019 | CONSTRUCTION SERVICES | $9,201,538 |
| BOWEN ENGINEERING CORP | |||||
| 8802 N MERIDIAN STREET | INDIANAPOLIS | IN | 46260 | CONSTRUCTION SERVICES | $1,250,355 |
| AMERICAN STRUCTURE POINT | |||||
| 7260 SHADELAND STATION | INDIANAPOLIS | IN | 46256 | CONSTRUCTION SERVICES | $1,046,887 |
| KEEP INDIANAPOLIS BEAUTIFUL | |||||
| 1029 FLETCHER AVENUE STE 100 | INDIANAPOLIS | IN | 46203 | LANDSCAPING SERVICES | $150,053 |
| THE FLATLAND | |||||
| 614 MASSACHUSETTS AVE STE D | INDIANAPOLIS | IN | 46204 | MARKETING SERVICES | $143,392 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $11,845,952 | RelatedOrganizationsAmt |
| All Other Contributions | $17,409,070 | AllOtherContributionsAmt |
| Noncash Contributions | $251,415 | NoncashContributionsAmt |
| Total Contributions | $29,255,022 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| RENTAL INCOME | 532000 | $1,986,881 | $1,986,881 | |
| PARKING GARAGE INCOME | 812930 | $430,088 | $276,988 | $153,100 |
| EVENT INCOME | 812930 | $210,238 | $97,733 | $112,505 |
| JOINT VENTURE- 16 TECH LEVERAGE L | 531390 | $42,196 | $42,196 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,669,403 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $468,303 | TotalRevenueColumnAmt |
| Exclusion | $468,303 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,376 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,376 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,376 | TotalRevenueColumnAmt |
| Exclusion | $27,376 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $310,118 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $255,307 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $54,811 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,811 | TotalRevenueColumnAmt |
| Exclusion | $54,811 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BAR REVENUE | Desc |
| Business | 812900 | BusinessCd |
| Total Revenue Column | $36,039 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $36,039 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $36,039 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,510,954 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,403,798 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $301,644 | UnrelatedBusinessRevenueAmt |
| Exclusion | $550,490 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,070,246 | TotalAmt |
| Program Services | $4,070,246 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $926,188 | TotalAmt |
| Program Services | $601,883 | ProgramServicesAmt |
| Management And General | $223,858 | ManagementAndGeneralAmt |
| Fundraising | $100,447 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,729,200 | TotalAmt |
| Program Services | $1,147,542 | ProgramServicesAmt |
| Management And General | $622,373 | ManagementAndGeneralAmt |
| Fundraising | -$40,715 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,329 | TotalAmt |
| Program Services | $16,687 | ProgramServicesAmt |
| Management And General | $11,443 | ManagementAndGeneralAmt |
| Fundraising | -$3,801 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $295,038 | TotalAmt |
| Program Services | $195,751 | ProgramServicesAmt |
| Management And General | $96,125 | ManagementAndGeneralAmt |
| Fundraising | $3,162 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,653 | TotalAmt |
| Program Services | $110,568 | ProgramServicesAmt |
| Management And General | $53,755 | ManagementAndGeneralAmt |
| Fundraising | $3,330 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,200 | TotalAmt |
| Management And General | $43,200 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,547 | TotalAmt |
| Management And General | $184,547 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,585 | TotalAmt |
| Management And General | $95,585 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,000 | TotalAmt |
| Management And General | $54,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $587 | TotalAmt |
| Management And General | $587 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $434,999 | TotalAmt |
| Program Services | $434,999 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $301,917 | TotalAmt |
| Program Services | $261,515 | ProgramServicesAmt |
| Management And General | $35,667 | ManagementAndGeneralAmt |
| Fundraising | $4,735 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,287,955 | TotalAmt |
| Program Services | $2,097,761 | ProgramServicesAmt |
| Management And General | $1,176,253 | ManagementAndGeneralAmt |
| Fundraising | $13,941 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $484,275 | TotalAmt |
| Program Services | $484,275 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,372,686 | TotalAmt |
| Program Services | $1,372,686 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,038 | TotalAmt |
| Program Services | $38,711 | ProgramServicesAmt |
| Management And General | $90,327 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PROJECT EXPENSES | $473,178 | $473,178 |
| ADMINISTRATIVE EVENT EX | $193,741 | $193,741 |
| COMMUNITY RELATIONS | $66,900 | $66,900 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,335,262 | TotalAmt |
| Program Services | $11,566,443 | ProgramServicesAmt |
| Management And General | $2,687,720 | ManagementAndGeneralAmt |
| Fundraising | $81,099 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,083,333 | BOYAmt |
| EOY | $1,988,538 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,894,366 | BOYAmt |
| EOY | $8,479,757 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,004,687 | BOYAmt |
| EOY | $24,795,227 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,050 | BOYAmt |
| EOY | $250,750 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,118,027 | BOYAmt |
| EOY | $11,116,334 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,771 | BOYAmt |
| EOY | $24,405 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,306,048 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,277,909 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,600,039 | BOYAmt |
| EOY | $57,028,139 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,976,683 | BOYAmt |
| EOY | $51,361,752 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,426,956 | BOYAmt |
| EOY | $155,044,902 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,241,823 | BOYAmt |
| EOY | $5,406,348 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,915,196 | BOYAmt |
| EOY | $29,052,651 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,650,605 | BOYAmt |
| EOY | $11,004,722 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,807,624 | BOYAmt |
| EOY | $45,463,721 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,100,511 | BOYAmt |
| EOY | $107,062,360 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,518,821 | BOYAmt |
| EOY | $2,518,821 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,619,332 | BOYAmt |
| EOY | $109,581,181 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,426,956 | BOYAmt |
| EOY | $155,044,902 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $18,175,692 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$213,843 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 7 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (7 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| INDIANA UNIVERSITY | ||||
| 356001673 | 6 | Yes (1) | $0 | $0 |
| INDIANA UNIVERSITY HEALTH INC | ||||
| 351955872 | 3 | Yes (1) | $0 | $0 |
| THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY | ||||
| 356005697 | 6 | Yes (1) | $0 | $0 |
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC | ||||
| 352065459 | 10 | Yes (1) | $0 | $0 |
| THE CITY OF INDIANAPOLIS | ||||
| 356001063 | 6 | Yes (1) | $0 | $3,781,146 |
| INDIANA ECONOMIC DEVELOPMENT CORPORATION | ||||
| 356000158 | 6 | Yes (1) | $0 | $0 |
| PURDUE UNIVERSITY | ||||
| 356002041 | 6 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 7 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $3,781,146 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | Yes (1) | SupportedOrgSectionC456Ind |
| Supported Org Qualified | Yes (1) | SupportedOrgQualifiedInd |
| Suprt Exclusively Sec170c2 B | Yes (1) | SuprtExclusivelySec170c2BInd |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | Yes (1) | OrganizationChangeSuprtOrgInd |
| Supported Org Class Designated | Yes (1) | SupportedOrgClassDesignatedInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION A, LINE 2: | THREE SUPPORTED ORGANIZATIONS DO NOT HAVE IRS DETERMINATION LETTERS. 1) THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY, INDIANA IS A MUNICIPAL CORPORATION AND POLITICAL SUBDIVISION OF THE STATE OF INDIANA. THE ORGANIZATION WITHDREW AS A SUPPORTED ORGANIZATION JUNE 20, 2023. 2) THE CITY OF INDIANAPOLIS IS A LOCAL GOVERNMENTAL UNIT. 3) THE INDIANA DEPARTMENT ECOMONIC DEVELOPMENT IS AN INDIANA STATE AGENCY. |
| PART IV, SECTION A, LINE 5A: | THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (EIN: 35-6005697) WAS A SUPPORTED ORGANIZATION THROUGH JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR REMOVAL. PURDUE UNIVERSITY (EIN 35-6002041) BECAME A SUPPORTED ORGANIZATION BEGINING JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR ADDITION. |
| SCHEDULE A, PART I, LINE 12G | THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY WAS A SUPPORTED ORGANIZATION THROUGH JUNE 20, 2023. THEY HAVE BEEN INCLUDED IN PART I DUE TO HAVING BEEN SUPPORTED ORGANIZATIONS DURING THE TAX YEAR. |
| PART IV, SECTION A, LINE 3B: | CENTRAL INDIANA CORPORATE PARTNERSHIP IS A 501(C)(6). 16 TECH CC HAS ACCESS TO AND HAS REVIEWED THE PUBLIC SUPPORT TEST AND THE RELATED UNDERLYING SUPPORT DOCUMENTATION TO PROVIDE CONFIRMATION. |
| PART IV, SECTION A, LINE 3C: | ALL SUPPORT PROVIDED BY CENTRAL INDIANA CORPORATE PARTNERSHIP WILL BE REVIEWED BY 16 TECH CC TO ENSURE IT IS CONSIDERED CHARITABLE IN NATURE. IF NEEDED, 16 TECH CC WILL ENGAGE ITS ATTORNEYS TO PROVIDE AN ASSESSMENT OF THE SUPPORT TO ENSURE IT IS EXCLUSIVELY FOR SECTION 170(C)(2)(B) PURPOSES PRIOR TO PROVIDING SUCH SUPPORT. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $54,000 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $54,000 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,281,262 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,335,262 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $866,763 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $216,691 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $641,470 | CurrentYearMinus1Amt |
| Current Year | $866,763 | CurrentYearAmt |
| Total | $3,508,233 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $5,262,350 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $15,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $66,000 | CurrentYearMinus1Amt |
| Current Year | $54,000 | CurrentYearAmt |
| Total | $135,000 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $160,368 | CurrentYearMinus1Amt |
| Current Year | $216,691 | CurrentYearAmt |
| Total | $877,059 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,315,589 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,955,287 | OtherCostOrOtherBasisAmt |
| Book Value | $20,955,287 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,487,540 | OtherCostOrOtherBasisAmt |
| Depreciation | $815,937 | DepreciationAmt |
| Book Value | $16,671,603 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,017,226 | OtherCostOrOtherBasisAmt |
| Depreciation | $431,064 | DepreciationAmt |
| Book Value | $586,162 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,845,995 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,030,908 | DepreciationAmt |
| Book Value | $18,815,087 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $57,028,139 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONSTRUCTION IN PROCESS | $25,237,441 |
| LIQUOR LICENSE | $50,054 |
| INVESTMENT IN 16 TECH LEVERAGE LENDER | $442,062 |
| RIGHT OF USE ASSET | $25,632,195 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $51,361,752 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NOTES PAYABLE TO RELATED PARTIES | Desc |
| Amt | $11,004,722 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,004,722 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 16 TECH COMMUNITY CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED FROM THE IRC. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 16 TECH COMMUNITY CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX FOR PARKING, EVENT SPACE RENTAL, AND LIQUOR SALES FROM CERTAIN LOCATIONS WITHIN THE DISTRICT. IN 2023 AND 2022, UNRELATED BUSINESS INCOME TAX WAS APPROXIMATELY $13,000 FOR 16 TECH COMMUNITY CORPORATION. 16 TECH DEVELOPER AND 16 TECH SUB-TENANT ARE SINGLE MEMBER LLCS AND ARE TREATED AS DISREGARDED ENTITIES FOR INCOME TAX PURPOSES. 16 TECH COMMUNITY CORPORATION FILES U.S. FEDERAL AND INDIANA INFORMATION TAX RETURNS. 16 TECH COMMUNITY CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. MANAGEMENT BELIEVES THAT 16 TECH'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INDY'S INNER CITY CHESS | |||||||||||
| 2102 SUGAR GROVE AVENUE | INDIANAPOLIS | IN | 46202 | 882787063 | 501C3 | $20,000 | $0 | INDY'S INNER CITY CHESS IN THE PARK INITIATIVE | |||
| FLANNER HOUSE OF INDIANAPOLIS INC | |||||||||||
| 2424 DR MARTIN LUTHER KING JR | INDIANAPOLIS | IN | 46208 | 350942628 | 501C3 | $19,500 | $0 | NORTHWEST LANDING NEIGHBORHOOD ASSOCIATION CAPACITY BUILDING | STREET | ||
| SCHOLARS PROGRAM INC | |||||||||||
| 67 EAST WASHINGTON STREET | INDIANAPOLIS | IN | 46219 | 814074655 | 501C3 | $25,000 | $0 | GO SCHOLARS INC STEAMUP WORKSHOPS | |||
| NEW LIFE DEVELOPMENT MINISTRIES INC | |||||||||||
| 2819 CLIFTON STREET | INDIANAPOLIS | IN | 46208 | 300271044 | 501C3 | $25,000 | $0 | YOUTH BASIC CONSTRUCTION TRAINING PROJECT | |||
| GIRLS INC OF GREATER INDIANPOLIS | |||||||||||
| 3935 N MERIDIAN STREET | INDIANAPOLIS | IN | 46208 | 351337205 | 501C3 | $50,000 | $0 | GIRLS INC. INDY STEM EXPERIENCE | |||
| HAWTHORNE SOCIAL SERVICES ASSOCIATION INC | |||||||||||
| 2440 WEST OHIO STREET | INDIANAPOLIS | IN | 46222 | 350874274 | 501C3 | $50,000 | $0 | JUST COMMUNITY INC NEAR WEST DOULA COLLECTIVE | |||
| NAPTOWN AFRICAN AMERICAN THEATRE COLLECTIVE INC | |||||||||||
| PO BOX 44495 | INDIANAPOLIS | IN | 46244 | 881524530 | 501C3 | $99,600 | $0 | NAATC EDUCATION FOR ALL | |||
| CITY OF INDIANAPOLIS | |||||||||||
| 200 E WASHINGTON STREET SUITE 2042 | INDIANAPOLIS | IN | 46204 | 356001063 | CITY GOVERNMENT | $0 | $1,200,323 | INFRASTRUCTURE CONTRIBUTION | FMV | INFRASTRUCTURE CONTRIBUTION- BREEDLOVE LANE | |
| THE DEPARTMENT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS DBA CITIZENS | |||||||||||
| 200 E WASHINGTON STREET SUITE 2042 | INDIANAPOLIS | IN | 46204 | 356001063 | CITY GOVERNMENT | $0 | $2,580,823 | INFRASTRUCTURE CONTRIBUTION | FMV | INFRASTRUCTURE CONTRIBUTION- LIFT STATION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 9 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTEES ARE REQUIRED TO SUBMIT ANNUAL REPORTS WHICH DESCRIBE THE USE OF FUNDS AND RELEVANCE TO ORIGINAL PURPOSE OF GRANT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TORY CASTOR | ||||||||||||||
| SECRETARY | $0 | $370,579 | $0 | $145,314 | $0 | $55,520 | $0 | $79,944 | $0 | $51,997 | $0 | $703,354 | $0 | $0 |
| MELINA KENNEDY | ||||||||||||||
| VICE CHAIR | $0 | $436,457 | $0 | $175,000 | $0 | $1,116 | $0 | $32,038 | $0 | $35,911 | $0 | $680,522 | $0 | $0 |
| JOHN HUESING | ||||||||||||||
| DIRECTOR | $0 | $398,901 | $0 | $43,113 | $0 | $2,322 | $0 | $13,200 | $0 | $64,985 | $0 | $522,521 | $0 | $0 |
| DANIEL J HASLER | ||||||||||||||
| DIRECTOR | $0 | $450,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $450,000 | $0 | $0 |
| EMILY KRUEGER | ||||||||||||||
| PRESIDENT AND CEO | $350,000 | $0 | $56,855 | $0 | $0 | $0 | $22,500 | $0 | $11,917 | $0 | $441,272 | $0 | $0 | $0 |
| ALEX KURRELMEIER | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $187,000 | $0 | $0 | $0 | $0 | $0 | $22,500 | $0 | $34,350 | $0 | $243,850 | $0 | $0 | $0 |
| ROBERT A WHITT | ||||||||||||||
| CHIEF OPERATING OFFICER | $184,995 | $0 | $9,250 | $0 | $0 | $0 | $22,500 | $0 | $24,321 | $0 | $241,066 | $0 | $0 | $0 |
| ERIC MILLER | ||||||||||||||
| DIRECTOR OF BUSINESS DEVEL | $153,576 | $0 | $14,990 | $0 | $0 | $0 | $13,485 | $0 | $35,392 | $0 | $217,443 | $0 | $0 | $0 |
| KAREN B SCHNEIDER | ||||||||||||||
| CONTROLLER | $119,948 | $0 | $10,195 | $0 | $0 | $0 | $19,521 | $0 | $11,536 | $0 | $161,200 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT, CEO, AND OTHER CHIEF EXECUTIVES ARE REVIEWED, ANALYZED AND SET BY THE 16 TECH CC BOARD OF DIRECTORS, WHICH USES A DISTINCT SET OF COMPARABLES TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE APPROVES THE CEO COMPENSATION AND THE BOARD OF DIRECTORS APPROVES AS PART OF THE BUDGETING PROCESS THE POOL FOR MERIT INCREASES FOR THE COMING YEAR. |
| SCHEDULE J, PART II | ANNUALLY A QUESTIONNAIRE IS PROVIDED TO EACH CURRENT AND FORMER DIRECTOR REQUESTING THE FOLLOWING INFORMATION FROM THE SUPPORTED ORGANIZATION FROM WHICH THEY REPRESENT OR SERVE AS A MEMBER OF THE SUPPORTED ORGANIZATIONS BOARD: THE DIRECTOR'S NAME, TITLE, AND COMPENSATION FROM EACH REQUIRED SUPPORTED ORGANIZATION. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $251,415 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART V, LINE 2. | ALL REPORTED COMPENSATION OF OFFICERS OR BOARD MEMBERS PAYROLL IS REPORTED BY A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). |
| FORM 990, PART VI, SECTION A, LINE 4 | THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (EIN: 35-6005697) WAS A SUPPORTED ORGANIZATION THROUGH JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR REMOVAL. PURDUE UNIVERSITY (EIN 35-6002041) BECAME A SUPPORTED ORGANIZATION BEGINING JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR ADDITION. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COMPLETE COPY OF 16 TECH CC'S 990 WILL BE CIRCULATED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE ANNUAL FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH BOARD MEMBER FOR ANNUAL DISCLOSURE. EACH BOARD MEMBER IS REQUIRED TO SUBMIT THIS TO THE CORPORATION'S CHIEF FINANCIAL OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PERFORMANCE AND COMPENSATION OF THE PRESIDENT, CEO, AND OTHER CHIEF EXECUTIVES ARE REVIEWED, ANALYZED AND SET BY THE 16 TECH CC BOARD OF DIRECTORS, WHICH USES A DISTINCT SET OF COMPARABLES TO THE COMPENSATION OF OTHER EXECUTIVES IN SIMILAR POSITIONS IN OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE APPROVES THE CEO COMPENSATION AND THE BOARD OF DIRECTORS APPROVES AS PART OF THE BUDGETING PROCESS THE POOL FOR MERIT INCREASES FOR THE COMING YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |
| FORM 990, PART VI, SECTION A, LINE 1B. | MELINA KENNEDY IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF CENTRAL INDIANA CORPORATE PARTNERSHIP, INC (CICP), WHICH IS A SUPPORTED ORGANIZATION. TORY CASTOR IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA UNIVERSITY HEALTH, WHICH IS A SUPPORTED ORGANIZATION. PAUL T. BABCOCK IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. THE ORGANIZATION WITHDREW AS A SUPPORTED ORGANIZATION JUNE 20, 2023. DANIEL J. HASLERIS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF PURDUE UNIVERSITY, WHICH IS A SUPPORTED ORGANIZATION. JOHN HUESING IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA UNIVERSITY HEALTH, WHICH IS A SUPPORTED ORGANIZATION. VINCENT ASH IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA ECONOMIC DEVELOPMENT CORPORATION, WHICH IS A SUPPORTED ORGANIZATION. MICHAEL HUBER IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA UNIVERSITY, WHICH IS A SUPPORTED ORGANIZATION. MICHAEL MIRRO IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA UNIVERSITY, WHICH IS A SUPPORTED ORGANIZATION. SARAH RIORDAN WAS A BOARD MEMBER OF 16 TECH CC THROUGH MAY 2023, AND AN EMPLOYEE OF THE CITY OF INDIANAPOLIS, WHICH IS A SUPPORTED ORGANIZATION. SCARLETT ANDREWS IS A BOARD MEMBER OF 16 TECH CC BEGINNING JUNE 2023, AND AN EMPLOYEE OF THE CITY OF INDIANAPOLIS, WHICH IS A SUPPORTED ORGANIZATION. |
| FORM 990, PART VII, SECTION A, COLUMNS D-F. | ANNUALLY A QUESTIONNAIRE IS PROVIDED TO EACH CURRENT AND FORMER DIRECTOR REQUESTING THE FOLLOWING INFORMATION FROM THE SUPPORTED ORGANIZATION FROM WHICH THEY REPRESENT OR SERVE AS A MEMBER OF THE SUPPORTED ORGANIZATIONS BOARD: THE DIRECTOR'S NAME, TITLE, AND COMPENSATION FROM EACH REQUIRED SUPPORTED ORGANIZATION. |
| FORM 990, PART VII, SECTION A, LINE 4. | ALL REPORTED COMPENSATION OF OFFICERS OR BOARD MEMBERS PAYROLL IS REPORTED BY A PROFESSIONAL EMPLOYER ORGANIZATION (PEO). |
| FORM 990, PART XI, LINE 9: | BOOK TAX DIFFERENCE ON PASSTHROUGH - 16 TECH LEVERAGE LENDER, LLC -213,843. |
| FORM 990, PART XII, LINE 2C. | 16 TECH CC'S FINANCE AND AUDIT COMMITTEE CONSISTS OF 4 MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE OVERSEES ALL MATTERS RELATING TO AUDITING, ACCOUNTING AND FINANCIAL STATEMENTS, AND AUDITORS AND ACCOUNTANTS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| 16 TECH DEVELOPER LLC | |||||||||
| 1220 WATERWAY BLVD | INDIANAPOLIS | IN | 46204 | 384082977 | REAL ESTATE DEVELOPER | IN | $109,298 | $21,197,342 | 16 TECH COMMUNITY CORPORATION |
| 16 TECH SUB TENENT LLC | |||||||||
| 1220 WATERWAY BLVD | INDIANAPOLIS | IN | 46204 | 843704042 | PROPERTY MANAGEMENT | IN | $2,128,432 | $26,340,416 | 16 TECH COMMUNITY CORPORATION |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INDIANA UNIVERSITY | |||||||||||
| 400 E 7TH ST RM 501 | BLOOMINGTON | IN | 47405 | 356001673 | HIGHER EDUCATION | IN | 501(C)(3) | LINE 6 | N/A | 0 | |
| INDIANA UNIVERSITY HEALTH INC | |||||||||||
| 950 N MERIDIAN STREET STE 300 | INDIANAPOLIS | IN | 46204 | 351955872 | TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITY THROUGH CARE, EDUCATION, | IN | 501(C)(3) | LINE 3 | N/A | 0 | |
| THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY | |||||||||||
| 2951 E 38TH ST 101 | INDIANAPOLIS | IN | 46216 | 356005697 | ADMINISTRATION OF THE DIVISIONS OF PUBLIC HEALTH AND PUBLIC HOSPITALS. | IN | 501(C)(3) | LINE 6 | N/A | 0 | |
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC | |||||||||||
| 1210 WATERWAY BLVD 5000 | INDIANAPOLIS | IN | 46202 | 352065459 | SUPPORT COMMUNITY DEVELOPMENT IN CENTRAL INDIANA. | IN | 501(C)(6) | N/A | 0 | ||
| CITY OF INDIANAPOLIS | |||||||||||
| 200 EAST WASHINGTON STREET SUITE 20 | INDIANAPOLIS | IN | 46204 | 356001063 | CITY GOVERNMENT | IN | 501(C)(3) | LINE 6 | N/A | 0 | |
| INNOVATION HUB BUILDING HOLDING CORPORATION | |||||||||||
| 1220 WATERWAY BLVD | INDIANAPOLIS | IN | 46202 | 843721914 | QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB)- REAL ESTATE HOLDING | IN | 501(C)(2) | Yes (1) | 16 TECH COMMUNITY CORPORATION | ||
| INDIANA ECONOMIC DEVELOPMENT CORPORATION | |||||||||||
| 1 NORTH CAPITOL AVE SUITE 700 | INDIANAPOLIS | IN | 46204 | 356000158 | STATE AGENCY | IN | 501(C)(3) | LINE 6 | N/A | 0 | |
| PURDUE UNIVERSITY | |||||||||||
| 610 PURDUE MALL | WEST LAFAYETTE | IN | 47907 | 356002041 | HIGHER EDUCATION | IN | 501(C)(3) | LINE 6 | N/A | 0 | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 16 TECH LEVERAGE LENDER LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1220 WATERWAY BLVD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843687720 | EIN |
| Primary Activities | LEVERAGE LENDING | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 16 TECH DEVELOPER LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $244,824 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $9,129,781 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.54250 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| THE CITY OF INDIANAPOLIS | ||
| B | $3,781,146 | FMV |
| INDIANA UNIVERSITY HEALTH INC | ||
| E | $11,004,722 | FMV |
| INDIANA UNIVERSITY | ||
| E | $2,963,316 | FMV |
| INNOVATION HUB BUILDING HOLDING CORPORATION | ||
| D | $2,022,781 | FMV |
| INNOVATION HUB BUILDING HOLDING CORPORATION | ||
| K | $1,595,232 | FMV |
| 16 TECH LEVERAGE LENDER LLC | ||
| D | $9,093,553 | FMV |
| CITY OF INDIANAPOLIS | ||
| C | $11,845,952 | FMV |
| CENTRAL INDIANA CORPORATE PARTNERSHIP INC | ||
| J | $144,000 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDUEL R, PART II | FormAndLineReferenceDesc |
| Explanation | THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY (EIN: 35-6005697) WAS A SUPPORTED ORGANIZATION THROUGH JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR REMOVAL. PURDUE UNIVERSITY (EIN 35-6002041) BECAME A SUPPORTED ORGANIZATION BEGINING JUNE 20, 2023. 16 TECH UPDATED THE BYLAWS TO ACCOUNT FOR THEIR ADDITION. | ExplanationTxt |
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