Overview
What is Battery Innovation Center Institute?
The Battery Innovation Center Institute, located in Newberry, Indiana, serves as a nonprofit organization with a mission to boost awareness and provide resources for local research and development in the advanced energy storage industry. Their primary objective is to foster economic growth and establish Indiana as a leading global hub in this sector. The Institute encourages and promotes the business interests of Indiana's advanced energy storage industry, working diligently to enhance its standing and development. With a team of 31 dedicated individuals, the Battery Innovation Center Institute is committed to bolstering the industry and contributing to Indiana's overall economic prosperity.
Official website here: www.bicindiana.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
The Battery Innovation Center Institute has received a Three-Star rating from Charity Navigator, highlighting its solid performance in Accountability and Finance. The organization scored particularly well in several areas, including having a fully independent board and a strong program expense ratio, which indicates that nearly all of its expenses are directed towards its programs.
The organization demonstrates a commitment to transparency and governance, with policies for conflict of interest and whistleblowing in place, as well as documented board meeting minutes. These factors bolster its accountability and contribute positively to its overall score, reflecting effective oversight and management practices.
Despite these strengths, the rating is primarily based on a single beacon score, which may limit the overall assessment of the nonprofit's impact beyond financial metrics. Nonetheless, the high program expense ratio suggests that the organization is focused on delivering its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Battery Innovation Center Institute legitimate?
Battery Innovation Center Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Battery Innovation Center Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,611,265
For more financial information, click here
Official website here: www.bicindiana.com
What is the mission statement of Battery Innovation Center Institute?
The Battery Innovation Center Institute's mission is aimed at enhancing awareness and securing resources for research and development in the advanced energy storage industry within the region. The primary objective is to foster economic development and establish the region as a global leader in this sector. Additionally, the institute works towards encouraging and promoting the business interests of the local advanced energy storage industry. In essence, its mission is to contribute to the growth and success of the advanced energy storage industry within the specified region.
Official website here: www.bicindiana.com
Who is the CEO of Battery Innovation Center Institute?
Benjamin Wrightsman is the President/Ce of Battery Innovation Center Institute.
Official website here: www.bicindiana.com
What is the revenue of Battery Innovation Center Institute?
Battery Innovation Center Institute's revenue in 2022 was $5,355,900.
Official website here: www.bicindiana.com
Who are the executives of Battery Innovation Center Institute and what are their salaries?
The average compensation at Battery Innovation Center Institute during 2022 was $51,976. There are 31 employees at Battery Innovation Center Institute.
Here are 5 key members and their salaries:
- Compensation: $167,848
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bicindiana.com
Where can I find the form 990 for Battery Innovation Center Institute?
Battery Innovation Center Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bicindiana.com
Learn more at the official website: www.bicindiana.com
Mission Statement of Battery Innovation Center Institute
The Battery Innovation Center Institute is dedicated to enhancing awareness and increasing resources for advanced energy storage research and development in Indiana. Its mission is twofold: first, to foster economic development in the state by positioning Indiana as a global leader in the advanced energy storage industry. Second, the institute aims to encourage and promote the business interests of Indiana's advanced energy storage industry. By achieving these objectives, the Battery Innovation Center Institute aims to bolster the industry's growth and contribute to Indiana's standing as a significant player in the global advanced energy storage market.
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Impact
July, 2024
The Battery Innovation Center Institute's impact is focused on enhancing awareness and increasing resources for Indiana-based research and development in the advanced energy storage industry. By doing so, the institute aims to foster economic development, position Indiana as a global leader in the advanced energy storage industry, and promote the business interests of Indiana's advanced energy storage industry. This work is crucial for driving innovation, creating job opportunities, and supporting the growth of the energy storage sector in Indiana.
This information is meant to be a general summary of Battery Innovation Center Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,000
- Program Service Revenue: $4,907,071
- Gross Receipts: $5,355,900
Assets and Liabilities:
- Total Assets: $10,082,604
- Total Liabilities: $6,246,241
- Net Assets: $3,836,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USE
Revenue
$3,493,656
EDA/IEDC GRANT REIMB INCOME
Revenue
$1,142,483
BIC SHORT COURSE
Revenue
$265,350
ANNUAL STAKEHOLDER LUNCHEON
Revenue
$5,582
Organization Details
Founding Year
2012
Phone
(812) 863-2424Principal Officer
Benjamin Wrightsman
Main Address
7970 S ENERGY DRIVE, NEWBERRY, IN, 47449
Website
www.bicindiana.comNTEE Category
Code: U40 - Science research
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