EIN 81-0853467

16 Tech Community Corporation

IRS 501(c) type
501(c)(3)
Num. employees
24
State
Year formed
2015
Most recent tax filings
2022-12-01
Description
16 Tech Community Corporation is responsible for developing the 16 Tech Innovation District, which fosters economic development, talent attraction, and retention as an accessible entrepreneurial ecosystem that catalyzes the growth of companies and diversity. The district is a growing destination for innovation and entrepreneurship, driving tech enablement in advanced manufacturing and life sciences industries central to Indiana's economy. Additionally, the district is connected to diverse neighborhoods in downtown Indianapolis.
Total revenues
$21,301,337
2022
Total expenses
$9,829,406
2022
Total assets
$134,426,956
2022
Num. employees
24
2022

Program areas at 16 Tech Community Corporation

The 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.

Grants made by 16 Tech Community Corporation

GranteeGrant descriptionAmount
Flanner House of IndianapolisSupport of Three Program Initiatives$71,000
Hawthorne Social Service AssociationPromoting Educational Attainment & Stability for Near West Families$52,000
Vanguard Collegiate of IndianapolisSteam Education Initiatives$50,000
...and 6 more grants made

Who funds 16 Tech Community Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lilly EndowmentGeneral Operating Support$7,000,000
Lilly EndowmentGeneral Operating Support$1,168,311
Eli Lilly and Company FoundationCatalyzing 16 Tech's Inclusive Innovation Ecosystem$100,000
...and 5 more grants received

Personnel at 16 Tech Community Corporation

NameTitleCompensation
Emily C KruegerChief Executive Officer$309,792
Alex KurrelmeierChief Financial Officer
Tamre MullinsManaging Director, 76 Forward
Eric MillerDirector of Business Developement / Director of Business Development$164,148
Karen B SchneiderController$105,982
...and 7 more key personnel

Financials for 16 Tech Community Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$16,419,263
Program services$4,618,649
Investment income and dividends$187,304
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$27,376
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$48,745
Total revenues$21,301,337

Form 990s for 16 Tech Community Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122024-04-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2019-122021-02-22990View PDF
...and 4 more Form 990s
Data update history
July 8, 2024
Received grants
Identified 2 new grant, including a grant for $7,000,000 from Lilly Endowment
January 3, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from Eli Lilly and Company Foundation
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 4 new personnel
December 24, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingPartially liquidatedState / local levelManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
1220 Waterway Blvd
Indianapolis, IN 46202
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
16tech.com/ 
Phone
(847) 721-9943
IRS details
EIN
81-0853467
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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