Nonprofit · EIN 35-2216589
MUNCIE INNOVATION CONNECTOR INC
Tax-exempt · MUNCIE, IN 47303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,009,106 | $884,453 | $124,653 | $2,665,640 | $1,367,207 | $1,298,433 |
| December 31, 2023 | 990 | $748,587 | $851,448 | -$102,861 | $2,613,180 | $1,432,646 | $1,180,534 |
| December 31, 2022 | 990 (amended) | $750,883 | $793,133 | -$42,250 | $2,809,355 | $1,510,592 | $1,298,763 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $741,868
- of which government grants
- $501,191
- Program service revenue
- $267,172
- Investment income
- $66
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $177,343
- Other salaries and wages
- $225,428
- Salaries, compensation and benefits (total)
- $454,593
- Professional fundraising fees
- $0
- Occupancy
- $99,789
- Travel
- $14,486
- Depreciation
- $70,827
- Program services (functional)
- $742,543
- Management and general (functional)
- $141,910
Balance sheet and other
- Total assets, start of year
- $2,613,180
- Total assets, end of year
- $2,665,640
- Total liabilities, end of year
- $1,367,207
- Net assets, end of year
- $1,298,433
- Land, buildings and equipment
- $2,204,292
- Net assets without donor restrictions
- $1,298,433
- Gross receipts
- $1,009,106
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THEODORE BAKER | EXECUTIVE DIRECTOR Officer | 40 | $177,343 | $6,312 |
| LORI ALBERT | EMPLOYEE Highest-paid employee | 40 | $126,665 | $6,366 |
| RONALD FAUQUHER | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| STEFAN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES BORGMANN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF PARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD ENGEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR MATT MARVEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORRAINE TOMLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BERNISA ELLIOT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THEODORE BAKER | EXECUTIVE DIRECTOR Officer | 40 | $171,433 | $5,443 |
| RONALD FAUQUHER | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| STEFAN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES BORGMANN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KRISTEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF PARSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONALD ENGEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR MATT MARVEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THEODORE BAKER | EXECUTIVE DIRECTOR Officer | 40 | $148,464 |
| RONALD FAUQUHER | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| STEFAN ANDERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES BORGMANN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| KRISTEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF PARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| DONALD ENGEL | BOARD MEMBER Trustee or director | 1 | $0 |
| DR MATT MARVEL | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1208 W WHITE RIVER BLVD, MUNCIE, IN 47303-8002
- Principal officer (990 for 2024)
- TED BAKER, 1208 WEST WHITE RIVER BOULEVARD, MUNCIE, IN 47303
- Signed the 990
- TED BAKER, EXECUTIVE DIRECTOR
- Phone
- (765) 285-4900
- Website
- WWW.INNOVATIONCONNECTOR.ORG
- Return prepared by
- WHITINGER & COMPANY LLC
Mission
TO BE EAST CENTRAL INDIANA'S PRIMARY SPONSOR BRINGING IN TECHNOLOGICAL FIRMS.
Program accomplishments
- ASSISTING IN THE CREATION OF EMERGING TECHNOLOGY-BASED COMPANIES THAT WILL IMPROVE THE ECONOMY OF EAST CENTRAL INDIANA.Expenses $742,543 · revenue $267,172
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2216589
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $2,665,640
- Income (IRS master file)
- $1,009,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,009,106 | $884,453 | $2,665,640 | XML |
| 990 | December 2023 | $748,587 | $851,448 | $2,613,180 | XML |
| 990 | December 2022 | $750,883 | $793,133 | $2,809,355 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2216589).
Questions about MUNCIE INNOVATION CONNECTOR INC
- What is the EIN of MUNCIE INNOVATION CONNECTOR INC?
- The employer identification number (EIN) of MUNCIE INNOVATION CONNECTOR INC is 35-2216589.
- Is MUNCIE INNOVATION CONNECTOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to MUNCIE INNOVATION CONNECTOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUNCIE INNOVATION CONNECTOR INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MUNCIE INNOVATION CONNECTOR INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUNCIE INNOVATION CONNECTOR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MUNCIE INNOVATION CONNECTOR INC?
- The 990 for the year ended December 31, 2024 names TED BAKER.
- Who are the officers and directors of MUNCIE INNOVATION CONNECTOR INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $177,343 (THEODORE BAKER, EXECUTIVE DIRECTOR).
- How much revenue does MUNCIE INNOVATION CONNECTOR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,009,106, expenses of $884,453 and total assets of $2,665,640 at year end.
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All nonprofits in MUNCIE · Indiana · Community improvement and capacity building