16 TECH COMMUNITY CORPORATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
16 TECH COMMUNITY CORPORATION (EIN 81-0853467)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202333199349313958
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-15T13:04:38-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352123203PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KSM BUSINESS SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 40857AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810853467EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line116 TECH COMMUNITY CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name Control16TEBusinessNameControlTxt
Phone8477219943PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 WATERWAY BLVDAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALEX KURRELMEIERPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone8477219943PhoneNum
Signature2023-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstALEXPersonFirstNm
Person LastKURRELMEIERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCASSE TATEPreparerPersonNm
PTINP01271193PTIN
Phone3175802000PhoneNum
Preparation2023-11-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerALEX KURRELMEIERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 WATERWAY BLVDAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$21,301,337GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.16TECH.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or Mission16 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 Body15VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee24TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$136,706TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$47,745NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$20,137,265PYContributionsGrantsAmt
CY Contributions Grants$16,419,263CYContributionsGrantsAmt
PY Program Service Revenue$23,170,454PYProgramServiceRevenueAmt
CY Program Service Revenue$4,618,649CYProgramServiceRevenueAmt
PY Investment Income$492,123PYInvestmentIncomeAmt
CY Investment Income$187,304CYInvestmentIncomeAmt
PY Other Revenue$20,534PYOtherRevenueAmt
CY Other Revenue$76,121CYOtherRevenueAmt
PY Total Revenue$43,820,376PYTotalRevenueAmt
CY Total Revenue$21,301,337CYTotalRevenueAmt
PY Grants And Similar Paid$2,723,675PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$653,371CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,077,112PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,589,144CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$92,173CYTotalFundraisingExpenseAmt
PY Other Expenses$20,401,965PYOtherExpensesAmt
CY Other Expenses$6,586,891CYOtherExpensesAmt
PY Total Expenses$25,202,752PYTotalExpensesAmt
CY Total Expenses$9,829,406CYTotalExpensesAmt
PY Revenues Less Expenses$18,617,624PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,471,931CYRevenuesLessExpensesAmt
Total Assets BOY$90,414,871TotalAssetsBOYAmt
Total Assets EOY$134,426,956TotalAssetsEOYAmt
Total Liabilities BOY$11,203,940TotalLiabilitiesBOYAmt
Total Liabilities EOY$42,807,624TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$79,210,931NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$91,619,332NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$7,097,136ExpenseAmt
Grant$653,371GrantAmt
Revenue$4,530,688RevenueAmt
DescTHE 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 800 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$7,097,136TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document23IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee24EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALEX KURRELMEIERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8477219943PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 WATERWAY BLVDAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID LAWTHER JOHNSON
CHAIR1.0040.00Yes (X)Yes (X)$0$776,250$32,646
TORY CASTOR
SECRETARY1.0040.00Yes (X)Yes (X)$0$0$0
ROBERT W COY JR
PRESIDENT AND CEO THRU APRIL40.00Yes (X)Yes (X)$237,994$0$26,817
EMILY KRUEGER
PRESIDENT AND CEO40.00Yes (X)Yes (X)$309,792$0$40,095
JEFFREY HARRISON
TREASURER1.00Yes (X)Yes (X)$0$0$0
KRISTIN MAYS-CORBITT
DIRECTOR1.00Yes (X)$0$0$0
MARYA ROSE
DIRECTOR1.00Yes (X)$0$0$0
AMAN BRAR
DIRECTOR1.00Yes (X)$0$0$0
PAUL T BABCOCK
DIRECTOR1.0040.00Yes (X)$0$0$0
RAMESH DURVASULA
DIRECTOR1.00Yes (X)$0$0$0
DAVID ROBERTS
DIRECTOR1.0040.00Yes (X)$0$0$0
SARAH S RIORDAN
DIRECTOR1.0040.00Yes (X)$0$129,000$25,546
JOHN HUESING
DIRECTOR1.0040.00Yes (X)$0$0$0
MICHAEL MIRRO
DIRECTOR1.00Yes (X)$0$0$0
ALAN PALKOWITZ
DIRECTOR1.00Yes (X)$0$0$0
VINCENT ASH
DIRECTOR1.0040.00Yes (X)$0$80,000$27,973
MICHAEL HUBER
DIRECTOR BEGINING OCTOBER1.00Yes (X)$0$0$0
ROBERT HERZOG
CFO THRU SEPTEMBER40.00Yes (X)$213,476$0$39,226
ERIC MILLER
DIRECTOR OF BUSINESS DEVEL40.00$164,148$0$48,311Yes (X)
KAREN B SCHNEIDER
CONTROLLER40.00$105,982$0$27,154Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,031,392TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$985,250TotReportableCompRltdOrgAmt
Total Other Compensation$267,768TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
WILHELM TAYLOR BROTHERS JOINT VENTURE
3914 PROSPECT STREETINDIANAPOLISIN46203CONSTRUCTION SERVICES$6,833,322
KOKOSING CONTRUCTION CO
3862 N COMMERCIAL PKWYGREENFIELDIN46140CONSTRUCTION SERVICES$3,048,368
INDIANAPOLIS POWER & LIGHT
3600 N ARLINGTON AVEINDIANAPOLISIN46218CONSTRUCTION SERVICES$1,654,784
AMERICAN STRUCTURE POINT
9025 RIVER RD STE 200INDIANAPOLISIN46240CONSTRUCTION MANAGEMENT & DESIGN$1,291,309
SCHAICH BERGERMANN AND PARTNER LP
555 EIGHTH AVENUE SUITE 2402NEW YORKNY10018CONSTRUCTION SERVICES$512,895
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K11CntrctRcvdGreaterThan100KCnt
Related Organizations$14,090,825RelatedOrganizationsAmt
All Other Contributions$2,328,438AllOtherContributionsAmt
Noncash Contributions$3,204,831NoncashContributionsAmt
Total Contributions$16,419,263TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DEVELOPER TAX CREDIT REVENUE531390$2,643,462$2,643,462
RENTAL INCOME532000$1,674,073$1,674,073
EVENT INCOME812930$105,715$17,754$87,961
DEVELOPER FEE531390$62,774$62,774
PARKING GARAGE INCOME812930$58,494$58,494

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$74,131TotalRevenueColumnAmt
Related Or Exempt Func Income$74,131RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,618,649TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$187,304TotalRevenueColumnAmt
Exclusion$187,304ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$27,376RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$27,376RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,376TotalRevenueColumnAmt
Exclusion$27,376ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescBAR REVENUEDesc
Business812900BusinessCd
Total Revenue Column$48,745TotalRevenueColumnAmt
Unrelated Business Revenue$48,745UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$48,745OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,301,337TotalRevenueColumnAmt
Related Or Exempt Func Income$4,530,688RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$136,706UnrelatedBusinessRevenueAmt
Exclusion$214,680ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$653,371TotalAmt
Program Services$653,371ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$808,973TotalAmt
Program Services$551,176ProgramServicesAmt
Management And General$180,651ManagementAndGeneralAmt
Fundraising$77,146FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,333,011TotalAmt
Program Services$810,415ProgramServicesAmt
Management And General$522,596ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$105,201TotalAmt
Program Services$65,005ProgramServicesAmt
Management And General$40,196ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$198,449TotalAmt
Program Services$126,180ProgramServicesAmt
Management And General$71,568ManagementAndGeneralAmt
Fundraising$701FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$143,510TotalAmt
Program Services$91,117ProgramServicesAmt
Management And General$47,825ManagementAndGeneralAmt
Fundraising$4,568FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$43,200TotalAmt
Management And General$43,200ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$209,366TotalAmt
Program Services$64,176ProgramServicesAmt
Management And General$145,190ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$56,600TotalAmt
Management And General$56,600ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$66,000TotalAmt
Management And General$66,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$41,985TotalAmt
Management And General$41,985ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$238,923TotalAmt
Program Services$238,923ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$248,898TotalAmt
Program Services$85,212ProgramServicesAmt
Management And General$156,478ManagementAndGeneralAmt
Fundraising$7,208FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,675,922TotalAmt
Program Services$1,647,907ProgramServicesAmt
Management And General$1,025,465ManagementAndGeneralAmt
Fundraising$2,550FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$482,747TotalAmt
Program Services$482,747ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,183,121TotalAmt
Program Services$1,183,121ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$126,483TotalAmt
Program Services$37,195ProgramServicesAmt
Management And General$89,288ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROJECT EXPENSES$634,932$634,932
ADMINISTRATIVE EVENT E$362,885$362,885
BAD DEBT$153,055$153,055
DEVELOPMENT EXPENSES$62,774$62,774

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,829,406TotalAmt
Program Services$7,097,136ProgramServicesAmt
Management And General$2,640,097ManagementAndGeneralAmt
Fundraising$92,173FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,308,990BOYAmt
EOY$5,083,333EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,500,000BOYAmt
EOY$9,894,366EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,982,219BOYAmt
EOY$7,004,687EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$663,050EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$9,615,998BOYAmt
EOY$10,118,027EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$108,440BOYAmt
EOY$86,771EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$59,522,816LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,922,777LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$35,626,868BOYAmt
EOY$57,600,039EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,272,356BOYAmt
EOY$43,976,683EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$90,414,871BOYAmt
EOY$134,426,956EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,132,922BOYAmt
EOY$4,241,823EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$222,678BOYAmt
EOY$27,915,196EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,848,340BOYAmt
EOY$10,650,605EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,203,940BOYAmt
EOY$42,807,624EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$60,861,088BOYAmt
EOY$89,100,511EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$18,349,843BOYAmt
EOY$2,518,821EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$79,210,931BOYAmt
EOY$91,619,332EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$90,414,871BOYAmt
EOY$134,426,956EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$11,471,931ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$936,470OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations6SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (6 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
INDIANA UNIVERSITY
3560016736Yes (1)$0$0
INDIANA UNIVERSITY HEALTH INC
3519558723Yes (1)$0$0
THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY
3560056976Yes (1)$0$0
CENTRAL INDIANA CORPORATE PARTNERSHIP INC
35206545910Yes (1)$0$0
THE CITY OF INDIANAPOLIS
3560010636Yes (1)$0$0
INDIANA ECONOMIC DEVELOPMENT CORPORATION
3560001586Yes (1)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total6SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationYes (1)SuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (1)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (1)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (1)SuprtExclusivelySec170c2BInd
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. 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 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

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$66,000FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$66,000FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$9,763,406FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$9,829,406FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$641,470FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$160,368FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$641,470CurrentYearAmt
Total$3,641,470TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$5,462,205LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus1$15,000CurrentYearMinus1Amt
Current Year$66,000CurrentYearAmt
Total$81,000TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$160,368CurrentYearAmt
Total$910,368TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,365,552GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,878,665OtherCostOrOtherBasisAmt
Book Value$20,878,665BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,474,866OtherCostOrOtherBasisAmt
Depreciation$361,414DepreciationAmt
Book Value$17,113,452BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$996,178OtherCostOrOtherBasisAmt
Depreciation$243,008DepreciationAmt
Book Value$753,170BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,173,107OtherCostOrOtherBasisAmt
Depreciation$1,318,355DepreciationAmt
Book Value$18,854,752BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$57,600,039TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
CONSTRUCTION IN PROCESS$17,712,425
LIQUOR LICENSE$50,054
INVESTMENT IN 16 TECH LEVERAGE LENDER$613,709
RIGHT OF USE ASSET$25,600,495
FieldValueIRS element (for citing)
Total Book Value Other Assets$43,976,683TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescNOTES PAYABLE TO RELATED PARTIESDesc
Amt$10,650,605Amt
FieldValueIRS element (for citing)
Total Liability$10,650,605TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
Explanation16 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. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR 2021. 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 2019. 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

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2TxtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
HERRON CLASSICAL SCHOOLS
110 E 16TH STREETINDIANAPOLISIN46202202010941501C3$28,350$0DESIGN WEEK AT HERRON - RIVERSIDE SCHOOLS
TRIPLE T ACADEMY
1120 WATERWAY BLVD SUITE H171INDIANAPOLISIN46202842235831501C3$25,000$0NINE 2 SIX PROGRAM SUPPORT
FLANNER HOUSE OF INDIANAPOLIS INC
2424 DR MARTIN LUTHER KING JRINDIANAPOLISIN46208350942628501C3$71,000$0SUPPORT OF THREE PROGRAM INITIATIVESSTREET
CODE BLACK INDY - AUSTIN JOHNSON
125 WEST SOUTH STREETINDIANAPOLISIN46206842259343501C3$25,000$0WORKFORCE DEVELOPMENT FOR ADULTS
VANGUARD COLLEGIATE OF INDIANAPOLIS
2440 WEST OHIO STREETINDIANAPOLISIN46222815323355501C3$50,000$0STEAM EDUCATION INITIATIVES
COMMUNITY ASSETS -TYRONE CHANDLER
1708 RIVER SHORE PARKWAYINDIANAPOLISIN46208812068070501C3$25,000$0PIPELINE CLASSROOM 2 CAREER PROGRAM SUPPORT
YOUTH 2 GREATNESS INC
2101 SUGAR GROVE AVENUEINDIANAPOLISIN46202850683887501C3$25,000$0THE PARK INITIATIVE PROGRAM SUPPORT
GROWING PLACES INC INC
727 NORTH ORIENTAL STREETINDIANAPOLISIN46202271581799501C3$23,800$0INDY WINTER FARMERS MARKET PROGRAM SUPPORT
HAWTHORNE SOCIAL SERVICES ASSOCIATION INC
2440 WEST OHIO STREETINDIANAPOLISIN46222350874274501C3$52,000$0PROMOTING EDUCATIONAL ATTAINMENT & STABILITY FOR NEAR WEST FAMILIES
DEPT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS
2020 NORTH MERIDIAN STREETINDIANAPOLISIN46202356000930GOVT$0$314,705SUPPORT OF PROGRAMMING THROUGH INFRASTRUCTURE DEVELOPMENT IN THE INNOVATION DISTRICTCOST BASISWATER INFRASTRUCTURE ON BREEDLOVE LANE
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTEES ARE REQUIRED TO SUBMIT ANNUAL REPORTS WHICH DESCRIBE THE USE OF FUNDS AND RELEVANCE TO ORIGINAL PURPOSE OF GRANT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAVID LAWTHER JOHNSON
CHAIR$0$575,000$0$201,250$0$0$0$24,000$0$8,646$0$808,896$0$0
EMILY KRUEGER
PRESIDENT AND CEO$281,928$0$27,864$0$0$0$15,046$0$25,049$0$349,887$0$0$0
ROBERT W COY JR
PRESIDENT AND CEO THRU APRIL$150,632$0$87,362$0$0$0$20,500$0$6,317$0$264,811$0$0$0
ROBERT HERZOG
CFO THRU SEPTEMBER$136,211$0$27,038$0$50,227$0$20,500$0$18,726$0$252,702$0$0$0
ERIC MILLER
DIRECTOR OF BUSINESS DEVEL$149,667$0$14,481$0$0$0$13,141$0$35,170$0$212,459$0$0$0
SARAH S RIORDAN
DIRECTOR$0$129,000$0$0$0$0$0$18,818$0$6,728$0$154,546$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE 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.
PART I, LINE 4AROBERT HERZOG - $50,227
SCHEDULE J, PART IIANNUALLY 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

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$3,204,831NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2.ALL REQUIRED FEDERAL EMPLOYMENT TAX RETURNS FOR 16 TECH CC ARE FILED BY INSPERITY PEO.
FORM 990, PART VI, SECTION B, LINE 11BA COMPLETE COPY OF 16 TECH CC'S 990 WILL BE REVIEWED AND CIRCULATED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO THE ANNUAL FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 15THE 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 19UPON REQUEST
FORM 990, PART VI, SECTION A, LINE 1B.DAVID LAWTHER JOHNSON IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF CENTRAL INDIANA CORPORATE PARTNERSHIP, INC (CICP), 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. TORY CASTOR IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA UNIVERSITY HEALTH, 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. SARAH RIORDAN IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF THE CITY OF INDIANAPOLIS, INDIANA, WHICH IS A SUPPORTED ORGANIZATION. DAVID ROBERTS IS A BOARD MEMBER OF 16 TECH CC, AND AN EMPLOYEE OF INDIANA ECONOMIC DEVELOPMENT CORPORATION, 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 HEALTH, 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 INSPERITY PEO.
FORM 990, PART XI, LINE 9:BOOK TAX DIFFERENCE ON PASSTHROUGH - 16 TECH LEVERAGE LENDER, LLC 767,086. ADJUSTMENT FOR ADOPTION OF ASC 842 -1,019,028. ADMINISTRATIVE TRANSFER OF LAND FROM CONTROLLED ENTITY 1,229,268. BOOK TAX DIFFERENCE ON PASSTHROUGH - INDIANA INNOVATIONS 1, LLC -40,856.
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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
16 TECH DEVELOPER LLC
1220 WATERWAY BLVDINDIANAPOLISIN46204384082977REAL ESTATE DEVELOPERIN$3,582,197$17,360,73916 TECH COMMUNITY CORPORATION
16 TECH SUB TENENT LLC
1220 WATERWAY BLVDINDIANAPOLISIN46204843704042PROPERTY MANAGEMENTIN$1,702,141$25,462,41916 TECH COMMUNITY CORPORATION

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
INDIANA UNIVERSITY
400 E 7TH ST RM 501BLOOMINGTONIN47405356001673HIGHER EDUCATIONIN501(C)(3)LINE 6N/A0
INDIANA UNIVERSITY HEALTH INC
950 N MERIDIAN STREET STE 300INDIANAPOLISIN46204351955872TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITY THROUGH CARE, EDUCATION,IN501(C)(3)LINE 3N/A0
THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY
2951 E 38TH ST 101INDIANAPOLISIN46216356005697ADMINISTRATION OF THE DIVISIONS OF PUBLIC HEALTH AND PUBLIC HOSPITALS.IN501(C)(3)LINE 6N/A0
CENTRAL INDIANA CORPORATE PARTNERSHIP INC
1210 WATERWAY BLVD 5000INDIANAPOLISIN46202352065459SUPPORT COMMUNITY DEVELOPMENT IN CENTRAL INDIANA.IN501(C)(6)N/A0
CITY OF INDIANAPOLIS
200 EAST WASHINGTON STREET SUITE 20INDIANAPOLISIN46204356001063CITY GOVERNMENTIN501(C)(3)LINE 6N/A0
INNOVATION HUB BUILDING HOLDING CORPORATION
1220 WATERWAY BLVDINDIANAPOLISIN46202843721914QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB)- REAL ESTATE HOLDINGIN501(C)(2)Yes (1)16 TECH COMMUNITY CORPORATION
INDIANA ECONOMIC DEVELOPMENT CORPORATION
1 NORTH CAPITOL AVE SUITE 700INDIANAPOLISIN46204356000158STATE AGENCYIN501(C)(3)LINE 6N/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line116 TECH LEVERAGE LENDER LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11220 WATERWAY BLVDAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
EIN843687720EIN
Primary ActivitiesLEVERAGE LENDINGPrimaryActivitiesTxt
Legal Domicile StateINLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line116 TECH DEVELOPER LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Predominant Income TypeRELATEDPredominantIncomeTypeTxt
Share Of Total Income$244,824ShareOfTotalIncomeAmt
Share Of EOY Assets$9,157,042ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.54250OwnershipPct
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (9 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
THE CITY OF INDIANAPOLIS
C$9,329,484FMV
INDIANA UNIVERSITY HEALTH INC
E$10,529,722FMV
INNOVATION HUB BUILDING HOLDING CORPORATION
S$1,229,268FMV
INDIANA UNIVERSITY
C$3,204,831FMV
INNOVATION HUB BUILDING HOLDING CORPORATION
D$1,133,772FMV
INNOVATION HUB BUILDING HOLDING CORPORATION
K$1,635,765FMV
16 TECH LEVERAGE LENDER LLC
D$8,743,800FMV
THE HEALTH AND HOSPITAL CORPORATION OF MARION COUNTY
C$60,000FMV
INDIANA UNIVERSITY HEALTH INC
C$400,000FMV

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