Nonprofit · EIN 26-3291952
BALL STATE INNOVATION CORPORATION
Tax-exempt (reinstated) · MUNCIE, IN 47306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,860,105 | $1,136,930 | $23,723,175 | $81,270,917 | $57,452,357 | $23,818,560 |
| June 30, 2024 | 990 | $0 | $0 | $0 | $95,385 | $0 | $95,385 |
| June 30, 2023 | 990 | $30,249 | $15 | $30,234 | $95,385 | $0 | $95,385 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,961,510
- Investment income
- $898,595
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $184,288
- Program services (functional)
- $843,251
- Management and general (functional)
- $293,679
Balance sheet and other
- Total assets, start of year
- $95,385
- Total assets, end of year
- $81,270,917
- Total liabilities, end of year
- $57,452,357
- Net assets, end of year
- $23,818,560
- Gross receipts
- $24,860,105
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANAND MARRI | DIRECTOR Trustee or director | 1 | $0 | $352,099 | $12,738 |
| ALAN FINN | DIRECTOR Trustee or director | 1 | $0 | $280,825 | $33,397 |
| SALI FALLING | FORMER DIRECTOR Former | 1 | $0 | $194,223 | $67,671 |
| SCOTT STACHLER | DIRECTOR Trustee or director | 1 | $0 | $169,497 | $14,549 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ALAN FINN | DIRECTOR Trustee or director, Officer | 1 | $0 | $266,795 | $10,444 |
| SALI FALLING | DIRECTOR Trustee or director | 1 | $0 | $181,926 | $6,315 |
| SUSANNA MILLS-RIVERA | DIRECTOR Trustee or director | 1 | $0 | $102,403 | $1,680 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSANNA MILLS-RIVERA | DIRECTOR Trustee or director | 1 | $0 | $319,442 | $5,770 |
| ALAN FINN | DIRECTOR Trustee or director, Officer | 1 | $0 | $248,875 | $10,441 |
| SALI FALLING | DIRECTOR Trustee or director | 1 | $0 | $204,184 | $5,834 |
Address and contacts
- Address (IRS master file)
- 2000 W UNIVERSITY AVE AD 103, MUNCIE, IN 47306-1022
- Principal officer (990 for 2024)
- LISA BEVANS, 2000 W UNIVERSITY AVE, MUNCIE, IN 47306
- Signed the 990
- LISA BEVANS, AVP & UNIVERSITY CONTROLLER
- Phone
- (765) 285-1033
- Return prepared by
- WHITINGER & COMPANY LLC
Mission
THE MISSION OF THE BALL STATE INNOVATION CORPORATION IS TO PROMOTE AND FURTHER THE EDUCATIONAL PURPOSES OF BALL STATE UNIVERSITY.
Program accomplishments
- OBTAIN, ACQUIRE, CONSTRUCT OR OTHERWISE PROVIDE BUILDINGS, GROUNDS, OR OTHER SUITABLE FACILITIES OR IMPROVEMENTS FOR BALL STATE UNIVERSITY.Expenses $843,251 · revenue $23,961,510
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3291952
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U02)
- Assets (IRS master file)
- $81,270,917
- Income (IRS master file)
- $24,860,105
Revocation and reinstatement
- Exemption revoked
- November 15, 2011
- Posted by the IRS
- May 13, 2013
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,860,105 | $1,136,930 | $81,270,917 | XML |
| 990 | June 2024 | $0 | $0 | $95,385 | XML |
| 990 | June 2023 | $30,249 | $15 | $95,385 | XML |
| 990 | June 2022 | $200 | -$16,183 | $65,151 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 26-3291952).
Questions about BALL STATE INNOVATION CORPORATION
- What is the EIN of BALL STATE INNOVATION CORPORATION?
- The employer identification number (EIN) of BALL STATE INNOVATION CORPORATION is 26-3291952.
- Is BALL STATE INNOVATION CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2011 and reinstated it effective May 15, 2012.
- Are donations to BALL STATE INNOVATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BALL STATE INNOVATION 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 BALL STATE INNOVATION CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BALL STATE INNOVATION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BALL STATE INNOVATION CORPORATION?
- The 990 for the year ended June 30, 2025 names LISA BEVANS.
- Who are the officers and directors of BALL STATE INNOVATION CORPORATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does BALL STATE INNOVATION CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,860,105, expenses of $1,136,930 and total assets of $81,270,917 at year end.
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