Nonprofit · EIN 81-0853467
16 TECH COMMUNITY CORPORATION
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,977,439 | $11,322,528 | -$345,089 | $156,978,815 | $47,862,995 | $109,115,820 |
| December 31, 2023 | 990 | $32,510,954 | $14,335,262 | $18,175,692 | $155,044,902 | $45,463,721 | $109,581,181 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,284,137
- Program service revenue
- $2,970,286
- Investment income
- $711,129
- Other revenue
- $11,887
Expenses
- Grants and similar amounts paid
- $392,250
- Compensation of officers, directors and key employees
- $855,071
- Other salaries and wages
- $1,896,019
- Salaries, compensation and benefits (total)
- $3,369,284
- Professional fundraising fees
- $0
- Legal fees
- $128,457
- Accounting fees
- $80,365
- Occupancy
- $3,828,432
- Depreciation
- $1,376,657
- Program services (functional)
- $8,846,346
- Management and general (functional)
- $2,250,930
- Fundraising (functional)
- $225,252
Balance sheet and other
- Total assets, start of year
- $155,044,902
- Total assets, end of year
- $156,978,815
- Total liabilities, end of year
- $47,862,995
- Net assets, end of year
- $109,115,820
- Land, buildings and equipment
- $57,301,480
- Net assets without donor restrictions
- $106,760,284
- Net assets with donor restrictions
- $2,355,536
- Gross unrelated business income
- $293,423
- Gross receipts
- $10,977,439
- Employees
- 40
- Volunteers
- 10
- Year formed
- 2015
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MELINA KENNEDY | CHAIR Trustee or director, Officer | 1 | $0 | $691,910 | $73,963 |
| EMILY KRUEGER | PRESIDENT AND CEO Trustee or director, Officer | 40 | $437,164 | $0 | $40,343 |
| DAN HASLER SR | DIRECTOR Trustee or director | 1 | $0 | $450,000 | $0 |
| ALEX KURRELMEIER | CHIEF FINANCIAL OFFICER Officer | 40 | $227,800 | $0 | $59,594 |
| JACQUELINE CROMLEIGH ECKHARDT | VP OF BRAND STRATEGY Highest-paid employee | 40 | $144,333 | $0 | $50,994 |
| TRACEY C JACKSON | VP OF WORKFORCE DEV & COMM IMPACT Highest-paid employee | 40 | $130,800 | $0 | $43,596 |
| KAREN B SCHNEIDER | CONTROLLER Highest-paid employee | 40 | $138,230 | $0 | $26,184 |
| JOE GLASS | DIRECTOR Trustee or director | 1 | $0 | $129,000 | $34,239 |
| NIDA ANSARI | CHIEF INNOVATION OFFICER Highest-paid employee | 40 | $135,192 | $0 | $22,368 |
| ERIC MILLER | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 40 | $106,579 | $0 | $31,424 |
| TORY CASTOR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFFREY HARRISON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL HUBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RUSS MUMPER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE PAULK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMAN BRAR | DIRECTOR Trustee or director | 1 | $0 |
| RAMESH DURVASULA | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN MAYS-CORBITT | DIRECTOR Trustee or director | 1 | $0 |
| ALAN PALKOWITZ | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ROBERTS | DIRECTOR Trustee or director | 1 | $0 |
| ESTHER SANDLIN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES SCHELLINGER | DIRECTOR Trustee or director | 1 | $0 |
| VINCENT ASH | DIRECTOR TO 12/17 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TORY CASTOR | SECRETARY Trustee or director, Officer | 1 | $0 | $571,413 | $131,941 |
| MELINA KENNEDY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $612,573 | $67,949 |
| JOHN HUESING | DIRECTOR Trustee or director | 1 | $0 | $444,336 | $78,185 |
| DANIEL J HASLER | DIRECTOR Trustee or director | 1 | $0 | $450,000 | $0 |
| EMILY KRUEGER | PRESIDENT AND CEO Trustee or director, Officer | 40 | $406,855 | $0 | $34,417 |
| ALEX KURRELMEIER | CHIEF FINANCIAL OFFICER Officer | 40 | $187,000 | $0 | $56,850 |
| ROBERT A WHITT | CHIEF OPERATING OFFICER Key employee | 40 | $194,245 | $0 | $46,821 |
| ERIC MILLER | DIRECTOR OF BUSINESS DEVEL Highest-paid employee | 40 | $168,566 | $0 | $48,877 |
| KAREN B SCHNEIDER | CONTROLLER Highest-paid employee | 40 | $130,143 | $0 | $31,057 |
| VINCENT ASH | DIRECTOR Trustee or director | 1 | $0 | $80,011 | $104 |
| DAVID LAWTHER JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $11,058 | $1,446 |
| JEFFREY HARRISON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAUL T BABCOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL HUBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MIRRO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH RIORDAN | DIRECTOR TO MAY Trustee or director | 1 | $0 | $0 | $0 |
| SCARLETT ANDREWS | DIRECTOR BEGINNING JUNE Trustee or director | 1 | $0 | $0 | $0 |
| AMAN BRAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAMESH DURVASULA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALAN PALKOWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KRISTIN MAYS-CORBITT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ESTHER EARBIN SANDLIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202-2157
- In care of
- % MS BETSY MCCAW
- Principal officer (990 for 2024)
- ALEX KURRELMEIER, 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202
- Signed the 990
- ALEX KURRELMEIER, CHIEF FINANCIAL OFFICER
- Phone
- (847) 721-9943
- Website
- WWW.16TECH.COM
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
TO FOSTER AND ENHANCE ENTREPRENEURSHIP, INNOVATION AND ECONOMIC OPPORTUNITY THROUGH A PLACE-BASED STRATEGY.
Program accomplishments
- THE 16 TECH INNOVATION DISTRICT IS A GROWING, 50-ACRE 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. THE DISTRICT HAS ATTRACTED MORE THAN $400M OF INVESTMENT SINCE INCEPTION AND FOUR YEARS AFTER OPENING, IS HOME TO THREE INNOVATION FACILITIES WITH A VARIETY OF OFFICE, WET AND DRY LAB SPACES AND MAKERSPACES, 300+ INNOVATION RELATED ENTITIES THAT EMPLOY MORE THAN 1,200 PEOPLE, ONSITE RESIDENTIAL OPTIONS, A FOOD HALL WITH 20+ LOCAL FOOD AND RETAIL OPTIONS. IN ADDITION, 16TCC HAS PROVIDED MORE THAN $2.2M IN COMMUNITY INVESTMENT GRANTS TO SUPPORT QUALITY OF LIFE INITIATIVES IN THE ADJACENT NEIGHBORHOODS. AN ADDITIONAL $165M OF LAB-ENABLED SPACE IS IN ACTIVE DEVELOPMENT AND EIGHT DEVELOPMENT PARCELS REMAIN IN 16 TECH. AT FULL BUILD-OUT, 16 TECH ANTICIPATES MORE 2 MILLION SQUARE FEET OF INNOVATION RELATED SPACE THAT SUPPORTS 3,000 JOBS, PROVIDING OPPORTUNITIES TO TRAIN, RETRAIN AND ATTRACT TALENT.Expenses $8,846,346 · grants $392,250 · revenue $2,688,750
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
- 81-0853467
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $156,978,815
- Income (IRS master file)
- $10,977,439
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,977,439 | $11,322,528 | $156,978,815 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $32,510,954 | $14,335,262 | $155,044,902 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $21,301,337 | $9,829,406 | $134,426,956 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about 16 TECH COMMUNITY CORPORATION
- What is the EIN of 16 TECH COMMUNITY CORPORATION?
- The employer identification number (EIN) of 16 TECH COMMUNITY CORPORATION is 81-0853467.
- Is 16 TECH COMMUNITY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to 16 TECH COMMUNITY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does 16 TECH COMMUNITY CORPORATION 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 16 TECH COMMUNITY CORPORATION 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 16 TECH COMMUNITY CORPORATION 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 16 TECH COMMUNITY CORPORATION?
- The 990 for the year ended December 31, 2024 names ALEX KURRELMEIER.
- Who are the officers and directors of 16 TECH COMMUNITY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 23 people; 7 received compensation from the organization.
- How much revenue does 16 TECH COMMUNITY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,977,439, expenses of $11,322,528 and total assets of $156,978,815 at year end.
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