Overview
What is 16 Tech Community Corporation?
The 16 Tech Community Corporation (16TCC) is a nonprofit organization instrumental in the programmatic and physical development of the 16 Tech Innovation District in Indianapolis. This district is a thriving hub for entrepreneurship and innovation, driving the tech enablement of life-sciences and advanced manufacturing industries, which are essential to Indiana's economy. With a focus on inclusivity and economic development, 16TCC connects the innovation district to diverse neighborhoods and provides facilities and programs to foster innovation. The district is home to over 200 innovation-related entities, employing more than 800 people, and anticipates further expansion to support 3,000 jobs. 16 Tech serves as a central and accessible entrance into Indiana's innovation ecosystem, allowing innovation-driven enterprises and entrepreneurs to connect with university resources, research facilities, and corporate assets. Ultimately, 16TCC's mission is to create an inclusive innovation community that catalyzes the growth of companies and diverse talent, transforming industries, careers, and our future economy.
Official website here: www.16tech.com
Is 16 Tech Community Corporation legitimate?
16 Tech Community Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 16 Tech Community Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $808,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,333,011
For more financial information, click here
What is the mission statement of 16 Tech Community Corporation?
The 16 Tech Community Corporation is dedicated to fostering an inclusive innovation community. Through the development of a growing ecosystem for entrepreneurship and innovation, this organization catalyzes economic growth and talent attraction. With a range of office, lab, and makerspace facilities, 16 Tech is home to over 200 innovation-related entities, employing over 800 people. At full capacity, the organization anticipates supporting 3,000 jobs and over 2 million square feet of innovation-related space. The nonprofit oversees the district's development, ensuring that benefits extend beyond the innovation ecosystem, reaching nearby neighborhoods, the city, the region, and the state.
Official website here: www.16tech.com
Who is the CEO of 16 Tech Community Corporation?
Alex Kurrelmeier is the Chair of 16 Tech Community Corporation. The CEO's salary of 16 Tech Community Corporation is $237,994 and their total compensation is $264,811.
Official website here: www.16tech.com
What is the revenue of 16 Tech Community Corporation?
16 Tech Community Corporation's revenue in 2022 was $21,301,337.
Official website here: www.16tech.com
Who are the executives of 16 Tech Community Corporation and what are their salaries?
The average compensation at 16 Tech Community Corporation during 2022 was $89,249. There are 24 employees and 10 volunteers at 16 Tech Community Corporation.
Here are 20 key members and their salaries (16 Tech Community Corporation's CEO's salary is $237,994 and their total compensation is $264,811):
- David Lawther Johnson (Chair) [Trustee/Director]
- Emily Krueger (President And Ceo) [Trustee/Director]
- Robert W Coy Jr (President And Ceo Thru April) [Trustee/Director]
- Robert Herzog (Cfo Thru September)
- Eric Miller (Director Of Business Devel)
- Sarah S Riordan (Director)
- Karen B Schneider (Controller)
- Vincent Ash (Director)
- Tory Castor (Secretary) [Trustee/Director]
- Jeffrey Harrison (Treasurer) [Trustee/Director]
- Kristin Mays-Corbitt (Director)
- Marya Rose (Director)
- Aman Brar (Director)
- Paul T Babcock (Director)
- Ramesh Durvasula (Director)
- David Roberts (Director)
- John Huesing (Director)
- Michael Mirro (Director)
- Alan Palkowitz (Director)
- Michael Huber (Director Begining October)
Official website here: www.16tech.com
Where can I find the form 990 for 16 Tech Community Corporation?
The 16 Tech Community Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.16tech.com
Learn more at the official website: www.16tech.com
Mission Statement of 16 Tech Community Corporation
The 16 Tech Community Corporation, or 16TCC, is dedicated to fostering an inclusive innovation community. This nonprofit organization plays a crucial role in the development of the 16 Tech Innovation District, a growing hub for entrepreneurship and innovation in Indianapolis. With a mission to enhance economic development, attract and retain diverse talent, and catalyze the growth of companies, 16TCC creates an accessible entrepreneurial ecosystem.
Situated in downtown Indianapolis, 16TCC is intentionally resourced with facilities and programs to foster innovation. The district is home to three buildings, offering a variety of office, wet and dry lab spaces, and makerspaces. Over 200 innovation-related entities, employing more than 800 people, call 16 Tech their home. At full build-out, 16 Tech anticipates more than 2 million square feet of innovation-related space, providing opportunities to train, retrain, and attract talent, resulting in 3,000 jobs.
16 Tech Community Corporation oversees the programmatic and physical development of the district, ensuring that the benefits of economic growth, new investment, and job creation extend beyond the innovation ecosystem. By providing opportunities for innovation-driven enterprises and entrepreneurs to connect with university resources, research facilities, and corporate assets, 16 Tech serves as a central and accessible entrance into Indiana's innovation ecosystem. The nonprofit organization's commitment to quality-of-life services in a work, play, learn environment further supports the growth of the district and its impact on the city, region, and state.
Impact
This information is meant to be a general summary of 16 Tech Community Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
16 Tech Community Corporation's impact is significant in driving economic growth and innovation in Indianapolis. As the overseer of the 16 Tech Innovation District, this organization plays a crucial role in developing a hub for entrepreneurship and cutting-edge technologies that are vital to Indiana's economy. By connecting diverse neighborhoods and providing resources, facilities, and programs that foster innovation, 16 Tech is not only creating a vibrant ecosystem for startups and established companies but also catalyzing the tech enablement of industries such as life sciences and advanced manufacturing.
With over 200 innovation-related entities and more than 800 employees currently in the district, 16 Tech is already making a tangible impact on the local economy. As the district continues to expand, it is expected to create thousands of jobs and provide opportunities for talent development and retention. Additionally, by serving as a central entrance to Indiana's innovation ecosystem, 16 Tech is facilitating collaborations between businesses, universities, and research facilities, ultimately driving the momentum of innovation in the region.
Through its mission to create an inclusive innovation community, 16 Tech Community Corporation is not only fostering economic development but also enhancing talent attraction and retention. By supporting a work-play-learn environment and providing quality-of-life services, 16 Tech is nurturing a diverse and dynamic community that is set to transform industries, careers, and the future economy of Indianapolis and beyond.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER TAX CREDIT REVENUE
Revenue
$2,643,462
RENTAL INCOME
Revenue
$1,674,073
EVENT INCOME
Revenue
$105,715
DEVELOPER FEE
Revenue
$62,774
PARKING GARAGE INCOME
Revenue
$58,494
Organization Details
Founding Year
2015
Phone
(847) 721-9943
Principal Officer
Alex Kurrelmeier
Main Address
1220 WATERWAY BLVD, INDIANAPOLIS, IN, 46202
Website
www.16tech.com
NTEE Category
Code: S30 - Community improvement
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