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 |
| December 31, 2021 | 990 (amended) | $43,820,376 | $25,202,752 | $18,617,624 | $90,414,871 | $11,203,940 | $79,210,931 |
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 |
990 for the year ended December 31, 2021: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID LAWTHER JOHNSON | CHAIR Trustee or director, Officer | 1 | $0 | $748,219 | $44,449 |
| TORY CASTOR | SECRETARY Trustee or director, Officer | 1 | $0 | $584,050 | $118,253 |
| JOHN HUESING | DIRECTOR Trustee or director | 1 | $0 | $459,543 | $59,675 |
| WILLIAM STEPHAN | DIRECTOR Trustee or director | 1 | $0 | $396,725 | $58,261 |
| ROBERT W COY JR | PRESIDENT AND CEO Trustee or director, Officer | 40 | $401,518 | $0 | $50,785 |
| ROBERT HERZOG | CHEIF FINANCIAL OFFICER Officer | 40 | $206,419 | $0 | $49,127 |
| EMILY KRUEGER | CHEIF OPERATING OFFICER Officer | 40 | $212,733 | $0 | $32,154 |
| ERIC MILLER | DIRECTOR OF BUSINESS DEVELOPEMENT Highest-paid employee | 40 | $158,808 | $0 | $46,780 |
| JEFFREY HARRISON | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BART PETERSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KRISTIN MAYS-CORBITT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARYA ROSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMAN BRAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL T BABCOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAMESH DURVASULA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ROBERTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH S RIORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MIRRO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALAN PALKOWITZ | 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 | $43,820,376 | $25,202,752 | $90,414,871 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 81-0853467).
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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